Few things are more important than having the right insurance coverage. About ten years ago, I was involved in a near-fatal crash where I experienced traumatic physical and emotional injuries. It was really challenging for me to endure the hospital stay and subsequent physical rehabilitation, but with the help of my medical team and my insurance company, I was able to overcome the challenge and completely recover. This blog is all about the importance of choosing the right insurance plan so that you can get on with your life and enjoy those precious years with your family and your friends.
Whether you're buying a new home that needs to be insured, or you just want to look into your options with your current home owners insurance policy, there are a number of ways to lower your monthly insurance premium costs. Reducing costs doesn't mean that you need to purchase an inferior policy-- all you have to do is put in a little bit of time and effort. IF you want to protect your home and belongings for the lowest price possible, use the following ideas:
Don't Buy More Insurance Than You Need
One of the biggest mistakes that homeowners make when it comes to insurance is basing the size of their homeowners insurance policy on the market value of their home instead of the actual amount that it would cost to rebuild it in the event of a total loss. The market value of a home is typically substantially higher than the cost to rebuild, which results in overpaying for insurance. When buying a new policy or renewing a current policy, carefully analyze how much insurance you really need.
Make Your Home a Lower Risk to Insure
There are several home improvements that you can make in order to make your home safer and a lower risk to insure. Consider having a monitored security system installed, put in fire sprinklers throughout the home, have storm shutters placed on your windows if you live in an area with severe weather, and replace the locks on exterior doors with extra-strength dead bolt locks. In addition to helping lower your home insurance premiums, these things can also protect your family and lower the chances of having to deal with the hassle of having damage to your home repaired.
Work with One Company for All of Your Insurance Needs
Being a loyal customer of just one insurance company can pay off in the form of discounts on your premiums. If you currently hold policies with several different companies, contact each one to inquire what kind of discount you could qualify for if you purchase home, life, and auto insurance from them. Choose the company with the best offer for lower rates on all of your insurance policies.
Up Your Deductible
Homeowners insurance policies come with deductibles, which is the amount your responsible for paying for before your insurance company will cover any expenses. The higher the deductible, the lower your premium; most homeowners don't make claims on their home insurance policy very often, so you may be better off increasing the amount of your deductible in order to lower your monthly premiums. Visit http://www.sldins.com for more information.
Share6 July 2016
