Ways to Control Your Home Insurance
Is it just us, or do home insurance costs seem to rise each year? We know the thought of comparative shopping for a new policy every year is a little out of hand, so what other ways can we save on homeowners insurance, and help YOU save? The Corpus Christi home movers have a few tips on how you can tweak your existing policy to give you the best bang for your buck, without sacrificing benefits.
Increase your deductibles. A higher deductible means a lower monthly payment, and that goes for basically every insurance policy under the sun, whether it is home insurance, car insurance, or health insurance. Set deductibles high so that the little stuff is out of pocket for you, and your premiums will skew to the more reasonable end of the scale.
Make improvements to your home. Certain jobs to the house, like installing a backup generator, a house wide surge protector, and updated smoke detectors. Upgrades like this are not only beneficial to your home, but reporting them will be beneficial to your premium.
Consider installing a hip roof. This style of roof offers the most slippery shape in high winds and storms, meaning it won’t catch wind and succumb to damage as other roof materials tend to do.
When it comes to buying a home, consider the location. Flood prone areas, hurricane regions, and other natural disasters can make your premiums skyrocket. Have your home inspected before purchase. Also check the Comprehensive Loss Underwriting Exchange report of your home before purchase to see insurance claim history.
Protect your home. Install storm shutters, roof reinforcement, earthquake resistance, and modernize heating, plumbing, and electrical operations to reduce damage from fire and water.
Combine your policies under one provider. Most insurance companies offer discounts when you use their services for several aspects of your life, such as car insurance, homeowners insurance, life insurance and other services that they may offer.
Eliminate coverage that does not pertain to you. If you don’t live in an earthquake zone, you probably don’t need to spend extra for the coverage. If your jewelry is run of the mill and nothing too exotic, then you probably don’t need to have a clause protecting jewels in your home. On the flip side, don’t eliminate too much coverage. You want to protect your home and your belongings while being conscious of what you are spending on it.