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Money ­Saving Tips On Home­owner's Insurance

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Real Estate Agent 625292

 

 Money­ Saving Tips  On Home­owner's Insurance

 


 

When shopping for home insurance, there's much more to consider than how  much your coverage will cost. Your agent or insurance company will determine  how much it would  cost to replace your home and many of the items inside.Most  standard policies will provide coverage for damage to your home (and many  belongings) caused by theft, fire and lightning, smoke, frozen pipes, ice and  snow.

The price you pay for insurance can vary by hundreds of dollars, depending on the  insurance company you buy your policy  from.Here are  some things to consider when buying homeowners insurance: 

shopping for mortgage insurance

Shop Around Ask your friends,contact your state insurance department,check consumer guides,and  contact insurance agents,companies and online insurance quote services.This will give  you an idea of price ranges and tell you which companies have the lowest prices. But  don't consider price alone. The insure ryou select should offer a fair price and deliver the  quality service you would expect if you needed assistance in filing a claim.Wheb you have narrowed the field to three insurers, get price quotes.

 home insurance deductible

Raise Your Deductible 

Deductibles are the amount of money you have to pay toward a loss before your  insurance company starts to pay a claim, according to the terms of your policy. The  higher your deductible, the more money you can save on your premiums.

 

Don't confuse what you paid for your house with rebuilding costs 

The land under your house isn't at risk from theft, windstorm, fire and the other perils  covered in your homeowners policy. So don't include its value in deciding how much  homeowners insurance to buy. If you do, you will pay a higher premium than you  should. 

 

Buy your home and auto policies from the same insurer

Some companies that sell homeowners, auto and liability coverage will take 5 to 15  percent off your premium if you buy two or more policies from them. But make certain  this combined price is lower than buying the different coverage from different  companies.

 

homes disaster resistant

Make your home more disaster resistant 

Find out from your insurance agent or company representative what steps you can take to make your home more resistant to  windstorms and other natural disasters. In addition, consider modernizing your heating, plumbing and electrical systems to reduce  the risk of fire and water damage.

 

 

Improve your home security

You can usually get discounts of at least 5 percent for a smoke detector, burglar alarm or dead­bolt locks. Some companies offer to  cut your premium by as much as 15 or 20 percent if you install a sophisticated sprinkler system and a fire and burglar alarm that  rings at the police, fire or other monitoring stations.

home mortgage discounts

Seek out other discounts 

Companies offer several types of discounts, but they don't all offer the same discount or the same amount of discount in all states.  For example, since retired people stay at home more than working people they are less likely to be burglarized and may spot fires  sooner, too. If you're at least 55 years old and retired, you may qualify for a discount of up to 10 percent at some companies. Some  employers and professional associations administer group insurance programs that may offer

a better deal than you can get elsewhere

 

Looking for affordable Home Owner Insurance-I CAN HELP

Need a positive, helpful partner for buying or selling a home- I CAN HELP

CONTACT HOLLI WASHINGTON-YOUR NEIGHBORHOOD EXPERT

 http://www.buyandsellrichardsonhomes.com/contact/

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COMMUNITY INFORMATION

 

Pick Your Neighbors

 

 Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).

By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.

Some sales are not immediately available from public records. As they become available, the data are updated.

 

THANK YOU FOR VISITING!!!

 

House clipart

 

Information provided courtesy of Holli Washington-Keller Williams Realty

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Call  469-316-3989  for more information on Buyer's Services (AT NO COST TO BUYERS)


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Misstie Pollard
Realtor and Title Settlement Agent - McLean, VA
Answering Northern VA Real Estate Questions.

Holli, great post explaining key points and frequently asked questions on home owner insurance. Happy selling as the Dallas Fort Worth neighborhood expert.

Jun 09, 2014 04:53 AM
Holli Washington
Richardson, TX
Your Neighborhood Expert!!!

Thanks Misttie!!!! I love to inform individuals and give them that added information that can save them money in the long run

Jun 18, 2014 02:00 AM
Anonymous
Dave Thompson

I'll have to try some of these money saving tips next time I go home owners insurance shopping. I could use some of that saved money for a lot of other important things. Awesome tip to bundle your home and auto policy with the same company. That why they might offer you a discount because of you buying multiple policies through them. Thanks for the great info on saving money on homeowners insurance. http://www.krupainsurance.com/products.aspx

Jun 01, 2015 04:26 AM
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