subject: Top 5 Tips For Saving On House Insurance [print this page] When you are purchasing insurance for your home, you can't afford to scrimp. You need to make sure you are well protected. However, this doesn't mean you have to spend a huge amount of money making sure you are insured.
You can save money in many great ways. If you need quality insurance, here are some top tips for saving that you should keep in mind as you search for the right insurance for your home.
1 - Comparison Shop
Probably one of the best tips for saving on home insurance is to take the time to comparison shop. Get rate quotes from a variety of different companies that provide this type of insurance. If you don't take the time to compare, you may be missing out on a great deal. While it can take a little research, comparison shopping allows you to not only find the best cover for your home, but it also allows you to find the best deal too.
2 - Choose a Higher Voluntary Excess
Another great tip that you can use to save money on your home owners insurance is choosing a higher voluntary excess. You must pay this amount before your insurer will pay on a claim. The deductible can vary. If you are on a minimum excess at this point, consider raising it. With a higher excess you can enjoy significant savings on the insurance that you purchase for your house.
3 - Purchase Multiple Policies from the Same Company
You will also find that you can save some money on house insurance if you purchase multiple policies from the same company. Investigate the different companies that offer this type of insurance. Do they offer car insurance as well? If so, if you purchase home and car policies with the company, usually they will offer you a significant savings. Talk to the company before you buy to find out if they will give you this kind of a discount for multiple policies.
4 - Don't Insure the Land
Many people make the mistake of insuring their land as well as their home. When you insure the land as well when deciding on how much insurance you need to purchase, you will end up paying a much higher price for your cover. Instead of insuring the land, simply insure the home. This way the home and its contents are going to be covered. You will know your home is protected and you will can potentially save money. Remember that if your house should burn down to the ground you'll still own the land it's your home you want rebuilt.
5 - Add Safety and Security
Simply adding safety and security measures to your home can really help you save money on your house insurance. Simple things like adding smoke alarms, putting in some deadbolt locks, or installing burglar alarms can bring you a discount. Often you can get 5% off for each item you add. Check with the company you are planning to use and see what savings you can get by adding safety and security items to your home.
by: Tom Jones
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