Homeowner's Insurance: How to Lower Your Annual Mortgage Payment - Glendale, AZ

"You're in good hands with..."

"Like a good neighbor..."

"Own a piece of the rock."

What do these phrases remind you of?

That's right, insurance. We all love insurance when we need it but hate to pay the premiums. And premiums are costing us more and more every year. Insurance rates seem to go up about 15-25% per year. But there may be some savvy steps you can take to lower the bill and still have your valuables protected.

Items that push premiums higher include a pool with a slide or diving board, having a trampoline, or even a dog that has a record of biting others. These factors could be part of higher premium costs, so contact your local Glendale, AZ insurance agent and see if changes can reduce your premium payments.

There are also interior items that can impact the cost of insurance. The coziness of the wood-burning stove may be appealing to you, but to the insurance agent it could look like a fire hazard, and result in a higher premium. We ususally don't have this problem in Glendale, AZ but in the pines this may increase your annual costs.

If you have not done so already, investing in a good alarm system may enable you to shave some of the cost of insurance, while giving you some added protection and peace of mind. And be sure to ask your insurance agent about combining auto and home policies since this could help trim the overall cost of your insurance bill, too.

Often times, once the insurance policy is purchased it sits in a drawer until the need arises to file a claim. But taking the time to review your personal insurance policy, just once a year, provides the opportunity to lower the overall annual premium and makes sure your valuables are adequately protected. It is also the perfect time to make any additions for personal possessions that may have been purchased or acquired during the year, like art, home furnishings, and jewelry.

Additionally, if your Glendale home has been remodeled using the 203k loan discuss the upgrades that have been made with your insurance agent to ensure that all upgrades are covered in the policy.

It's not a bad idea to have your insurance reviewed every few years to make sure that your insurance provider is competitve with their rates and fees.  I recommend scanning all your insurance documents, getting a few referrals of local Glendale, AZ insurance agents and having them quote the policies you currently have in force. 

Remember, if you need a recommendation to a great insurance agent, just give a call at 602-695-7575 or david@dkhomeloans.com!