subject: Understanding And Saving On Your Homeowners Insurance [print this page] Saving money on your homeowners insurance policy can be easy if you know how. Discounts are usually available from your insurance company for a variety of reasons. Your agent can offer advice on what changes you make to lower your homeowners insurance premium. Talk to your agent!
There are many steps you can take to begin saving money:
-Shop around with different insurance carriers
Always get more than one quote
-Raise your deductible
Just make sure you can afford to pay the higher deductible if something should happen.
-Bundling Coverage
Many companies will give you a discount if you buy both homeowners and auto coverage from them.
-Be loyal
Staying with your insurance company for an extended period of time will earn a discount.
-Improve security and safety
Items such as deadbolts locks, burglar alarms, smoke detectors and hurricane shutters will often bring a discount.
-Discounts
Companies sometimes offer discounts for senior citizens and military personnel, etc. Ask your agent.
-Group coverage
Buying your policy as part of an association or group translates into premium savings.
-Make payments electronically
By making payments online the amount of money that otherwise is spent in mailing the payment can be saved.
-Check your credit rating
Most of the insurance companies will check your credit and will provide the insurance based upon the information they find there. You need to ensure that your credit is in good shape. If you think its not in good shape, look out for companies that do not run credit checks.
-Check your policy annually:
You want your policy to reflect the current value of your home and belongings.
-Get replacement-cost coverage:
Going for actual-cash-value coverage will always result in a lower claim payout than expected. For example; if your Refrigerator is worth $50, for example, that's all you'd get to buy a new one. Having replacement-cost coverage ensures you get the full value of an item based on the cost of purchasing a new one.
Keeping these points in mind will help you choose the best available insurance policy. We, at MDW insurance, have a team of insurance experts to ensure that you get an insurance policy with all these benefits. Contact us for highly affordable yet highly efficient insurance policy.
by: sid tivatne
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