Posts Tagged ‘home insurance’

Homeowners’ Insurance — Guaranteed Tips For Savings

November 15th, 2018 Comments off

Apart from if your house is being financed and you still have a mortgage on it, you can actually choose to NOT insure your place of abode. However, most folks will rather do without most necessities than stay without home insurance. For most of us, our home is our single most valuable investment and/or property. So, we really don’t mind the extra cost that buying protection against its loss entails.

But even though we’re willing to make much sacrifice to get enough home insurance coverage, we will be so joyful to receive it at a far lower rate. That is what this article is all about — To give you time-tested ways you can reduce your home insurance premiums but still make sure you have the most adequate coverage for your home.

1. It is more expensive but needless to insure the land on which your home is standing. Those who ignorantly do this pay for more insurance than would be of any benefit. They just insure their house for its full value without subtracting the land’s cost.

If you made this mistake quickly meet with your agent and check through your coverage. Lower your coverage to the cost of your house and its contents minus the land’s value.

With such a review you will reduce your premiums considerably and still leave with enough home insurance coverage. Always remember that insuring the land your home is built on is real waste of money since it does NOT give you any added advantage.

2. Your credit history has a huge impact on what you pay. Folks who have very good ratings spend far less than those who have low ratings. If your credit rating is bad then you’ve NOT been faithful in paying up your bills. No insurer is happy with this as it suggests a pattern you’re very likely to repeat in the payment of premiums. This marks you out as a bigger risk and therefore justifies a higher rate.

So do your best possible to clear all your bills in a promptly. It will help you attract cheaper rates among other things.

3. You’ll get cheaper rates if you choose to pay your rates yearly and not every month. An insurance carrier is compelled to send you 12 notices for monthly payments as opposed to one for annual payments. This increases their overhead.

The cost shoots up if you add the fact that they pay transaction fees for processing each check you give them monthly as payment. 12 checks mean Twelve transactions and will attract Twelve separate fees.. These and other costs so incurred by your insurance company are eventually passed over to you, the policy holder..

So, you will get lower rates if you decide to pay your rates yearly. The actual amount you could save might differ but you may be able to save up to a month’s premium worth with most insurers if you choose this option.

4. Ensure that the exterior of your home is fire-safe and your premium will be more affordable. You’ll be doing the right thing if you ensure there’s nothing that’s inflammable close to your home. As simple as it looks, cutting back bushes and keeping them up to ten feet from your structures will help lower your rates. The risk of fire in a house is one very strong factor that shapes your home insurance premium.

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Cheapest Homeowners’ Insurance Quote — 6 Sure Tips For Greater Savings

June 29th, 2018 Comments off

Are you certain you really want cheaper homeowners’ insurance rates? Then you must commit some time to learn the steps that you’d have to take to reach your goal. I’ve provided enough tips to help most people make savings of over 50% on their homeowners’ insurance policy…

1. Smoke and fire detectors will do much to reduce your home’s fire risk. You’ll get more affordable homeowner insurance rates especially if you’ve installed enough for your size and type of home.

With such detectors fires will be noticed on time and put out more easily before they can do any real damage. And since the risk of fire in a house is a defining factor in working out home insurance rates, you’ll pay far less by taking this step.

2. You’ll pay lower homeowners insurance premiums if you get group home insurance. You can confirm from associations you belong to because they might have obtained group discounts for home insurance.

But before you purchase see if you can get a cheaper home insurance premium with another company than that offered your association. For many reasons you may be better off NOT buying from a particular association’s insurer. There’s stiff competition in the home insurance industry and you can take advantage of this to get lower premiums if you take your time to do extensive shopping and comparisons.

Cheapest Homeowners Insurance Quotes

3. There are fire and security that are monitored round the clock. You will obtain considerable discounts apart from the fact that you will feel more secure that your home is being watched by trusted professionals. Depending on the insurer, this class of systems can help you save between 25% and 30%.

4. Do you have locks on each of your windows? If you don’t you’ll be paying more because of that. Expect to pay far cheaper home owner insurance rates if you’ve windows that have burglary-proof bars If you’re not one of those folks who insist that having such makes them feel imprisoned in their own house, have them fitted if you intend to reduce your home insurance rates considerably.

5. Make the exterior of your home fire-safe and you will lower your home insurance rate. Having things that are very inflammable or that help combustion close to your building will make you pay higher premiums. As easy as it seems, cutting back bushes and maintaining them up to 10 feet from your building will help lower your premiums. This is because how fire-safe a house is goes a long way in affecting what it will cost to insure that home.

6. You can realize savings of hundreds of dollars on your home insurance policy by requesting for insurance quotes from insurance quotes sites. The best strategy is to visit at least five sites and ensuring that you give the same (correct) details. I advise that you visit at least five quotes sites since it will ensure you do not miss out better quotes not carried by the other sites. This offers you a broader basis for doing more extensive comparisons thus increasing your chances of better quotes.

Get more tips at Home owners Insurance Quotes and Cheap Home Contents Insurance. Chimezirim Odimba is an insurance expert.

Home Owner’s Insurance Oregon

April 8th, 2018 Comments off

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.

Empty Nesters Home Insurance Tips

April 4th, 2018 Comments off

Children leaving the nest can be a time that leaves you feeling relieved or saddened. Life, as you know it, will change significantly. Whilst understandably this time brings mixed emotions, it may also bring fresh opportunities.

Change in circumstances will probably alter your personal insurance needs, including home insurance. Here, we take a closer look at how your needs may change:

Discounts – If your kids are away at university you may be eligible for a student discount on your home insurance. On the other hand, you may be entitled to some senior discounts, and it is always worth checking what is available in your circumstances.

You may need less cover – If your children have taken their possessions (such as laptops of televisions) with them when they left, you may need less cover than you did previously. You can switch to a policy that better suits your needs and save some money in the process. Review your insurance policy today and see if you could be eligible for a cheaper policy.

You may need extra cover – Studies by Datamonitor established that so-called ‘early empty nesters’ have more disposable income than previous generations and are able to treat themselves to more luxuries and home renovations. Empty nesters in these conditions may therefore require and extra level home contents cover.

Downsizing – If you are downsizing from a large family home to one which better suits your scaled-back lifestyle, your home and buildings insurance needs will undoubtedly change. Re-assess your policy to ensure you are not paying more than you should be.

You may need less cover – If your children have taken their possessions (such as laptops of televisions) with them when they left, you may need less cover than you did previously. You can switch to a policy that better suits your needs and save some cash in the process. Review your insurance policy today and see if you could be eligible for a cheaper policy.

Peter Youngwood often writes about Home insurance.

Ways To Lower Your Home Insurance

January 28th, 2018 Comments off

Home Insurance is a must-have for every homeowner. Most people do not realize that home insurance policy prices can vary by a few hundred dollars. One reason for the variation is that there are a number of ways one can lower their home insurance costs. Depending on what things you do to lower your costs, you can save a significant amount of money.

The following lists a number of ways to lower your home insurance:

1. Increase Your Home Insurance Deductible: The deductible is the amount of money you agree to pay if you file a claim. Raising your deductible will lower your monthly premiums. You could save up to 25% on your premiums.

2. Maintain a Clean Credit History: More insurers are now looking at a person’s credit history when calculating the cost of their insurance policy. The poorer your credit rating is, the higher the premium you will pay. You can protect your credit rating by paying your loans, credit card bills, and other bills on time. Make sure that you correct any credit report errors.

3. Homeowner’s Insurance Discounts: Take advantage of all available discounts. For instance, you can get discounts if you install the following; fire extinguishers, deadbolt locks, smoke detectors, security alarms, and fire alarms.

4. Comparison Shop: There are many insurance sites that provide a tool to submit your information and receive home insurance quotes from several different insurance providers.

5. Remain with an Insurer: Many insurance providers will provide discounts to customers who have stayed with their company for a long period of time. For instance, some companies will reduce premiums by 6% if a customer has been with them for more than 5 years.

6. Combine Home Insurance and Auto Insurance Policy: Some companies offer discounts of 5 to 15% if you buy both Home Insurance and Auto Insurance coverage from them.

7. Protect your Home from Natural Disaster: Insurance providers will give discounts for home that are well secured from such conditions as strong winds, excessive rain, snow storms, and hail storms. You can take such measures as strengthening the roof, bring old systems such as electrical, heating, and plumbing up-to-date, secure the windows with shutters and storm windowsetc.

8. Consider the Type of Home: A newly built home will have modern furnishings, sometimes new appliances, and new wiring, plumbing, and heating systems. The homes are also more energy efficient. Newly constructed homes tend to have lower insurance premiums.

9. Location of Home: You may get a reduced insurance rate if your home is located near such facilities as police departments and fire departments. If you live in an area that is prone to such conditions as hurricanes, floods, and earthquakes, you will have to pay for extra insurance. For instance, if you buy a house in a flood-risk area, you will have to purchase a flood insurance policy that costs an average of $400 a year.

Home Insurance does not have to cost a fortune. With thorough research and implementing measures to lower premium costs, you will be able save a significant amount of money on your home insurance policy.

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