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Home Owner’s Insurance Oregon

Todays Date: November 20, 2018

Most people are aware of the need to have a homeowner’s insurance policy in place before the lender will grant them the mortgage. Did you also know that about 90% of Oregon home owner’s who fully own their homes still choose to renew their homeowner insurance?

The reason isn’t difficult to figure out. For most people their home is their biggest asset and they will do whatever they can to protect that asset. Understandable once again.

On the other hand there’s no benefit to paying any more for homeowner’s insurance than necessary and so many people are looking for ways to get affordable Oregon home owner insurance.

Remember, too, that while your lender has the legal right to insist on you purchasing a homeowner’s insurance policy, your mortgagor cannot insist on you purchasing that insurance from any specific company. And that is the key in obtaining cheap Oregon home insurance.

There are a few things that can be done to help cut the price of your monthly insurance payments.

Did you know that if you are a retired person living in your home that you may be entitled to a reduction on your insurance?

Many people are unaware their credit rating score is a factor in determining the amount you pay each month for your insurance? Keeping your credit good and your credit score high will help you pay less for your insurance premiums.

Did you know that the biggest reason for a homeowner’s insurance claim is water damage, not fire? The main culprit is either a broken water pipe or a broken appliance connection that floods the house at night or when it’s empty during the day.

Ask your agent how much you will save if you made the one-time investment to upgrade your home’s plumbing and wiring. If the numbers add up, then go ahead.

Install motion detecting outdoor floodlights and also trim bushes away from the windows to discourage burglars. Have deadbolt locks fitted on all the exterior doors and make certain that all the windows have a working lock.

Home security systems with off-site monitoring not only help to defend you from both burglary and fire, they can save you around 20% or more on your Oregon home owner’s insurance – but discuss it with your insurance representative before having a system installed, as not all of these systems qualify for the maximum discount on the monthly premiums.

Installing a fire extinguisher and smoke detector for your kitchen will also help keep your home insurance premium down.

Now, taking what you have learned in this article go to 3 different websites that allow you to compare the prices of homeowner’s insurance policies from different insurance companies. Input the same information onto these websites and then find the company that has the best price and which you feel confident will be around for at least another 30 years.

And you’re finished. You have now gotten affordable Oregon home owner insurance and you can be confident that you are conserving your money, month after month, year after year.

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