Pay More For Your Homeowner Insurance Than You Should
They say at times it's the bit of things that count the most, therefore when considering property owners insurance, this is very accurate. There can be little or no concerns at your house that overall look insignificant, nevertheless whenever the property owners ' insurance assessor comes by simply and regards them, your estimate in . higher and higher
Getting rid of these things will save you a pretty penny, so it's wise to learn as much about them as you can. In this article, we are going to point out 5 of them, but bear in mind that there are many others.
1. Pets
Did you know that the types of pets that you keep will affect your insurance quote? They are in your home and if they make it a hazard, you automatically get higher premiums. Pit bulls, Dobermans and Rottweilers are considered high risk pets. If you want to get a cheaper rate, replace them with more docile and friendly breeds so that you're considered less of a risk.
2. Your Garage
If you park your car in the driveway, you're already a higher risk than someone who has a covered garage where their car is not in sight all the time. Insurance companies consider that a car in the driveway is a dead giveaway and can do 2 things: It can get stolen, getting property destroyed in the process, or it can tell burglars when you are not in so that they have ample time to break in. Build a shed for your car so that it's less conspicuous.
3. An alarm system
Top notch insurance companies insist on this, but with the stiff competition in the market, many insurance companies will leave it up to you to make the choice to install a security system. They argue, and quite rightly, that an alarm system means that you are less of a risk. A break-in can be stopped before it occurs. Unless you have an burglar alarm, get one installed.
They may look like an expensive thing to have, but consider that this is your home and you are increasing your own security. The alarm system will also increase the value of your home. If you ever have to move to a new home, most alarm companies are willing to install a new alarm system in the new house at little cost.
4. Wiring and Plumbing
These bear a direct relation to risk because if they are done poorly, there are higher chances of a fire and flooding. You should ensure that your wiring and plumbing is done by a professional contractor of good standards. Present the certificate to the insurance company and ask them to give you a better deal.
5. Market Rates
Lastly, when is the last time you had a look around to see what the market is offering? Compare what you find with what you are paying, and if you find that you are paying more, go for an insurance provider who is charging you less. Look on the internet to see a great range of options. You can also talk to those who own homes near you and see what kinds of deals they are getting for their homeowners insurance package and from whom.
These are only 5 ways to reduce your premiums, but there are more. The best thing to do is to draw out a comprehensive list so that you can start to make these ways work for you. As you go through the list and implement new things continuously, you will see your premiums get smaller and smaller without affecting the value of your house.
Getting rid of these things will save you a pretty penny, so it's wise to learn as much about them as you can. In this article, we are going to point out 5 of them, but bear in mind that there are many others.
1. Pets
Did you know that the types of pets that you keep will affect your insurance quote? They are in your home and if they make it a hazard, you automatically get higher premiums. Pit bulls, Dobermans and Rottweilers are considered high risk pets. If you want to get a cheaper rate, replace them with more docile and friendly breeds so that you're considered less of a risk.
2. Your Garage
If you park your car in the driveway, you're already a higher risk than someone who has a covered garage where their car is not in sight all the time. Insurance companies consider that a car in the driveway is a dead giveaway and can do 2 things: It can get stolen, getting property destroyed in the process, or it can tell burglars when you are not in so that they have ample time to break in. Build a shed for your car so that it's less conspicuous.
3. An alarm system
Top notch insurance companies insist on this, but with the stiff competition in the market, many insurance companies will leave it up to you to make the choice to install a security system. They argue, and quite rightly, that an alarm system means that you are less of a risk. A break-in can be stopped before it occurs. Unless you have an burglar alarm, get one installed.
They may look like an expensive thing to have, but consider that this is your home and you are increasing your own security. The alarm system will also increase the value of your home. If you ever have to move to a new home, most alarm companies are willing to install a new alarm system in the new house at little cost.
4. Wiring and Plumbing
These bear a direct relation to risk because if they are done poorly, there are higher chances of a fire and flooding. You should ensure that your wiring and plumbing is done by a professional contractor of good standards. Present the certificate to the insurance company and ask them to give you a better deal.
5. Market Rates
Lastly, when is the last time you had a look around to see what the market is offering? Compare what you find with what you are paying, and if you find that you are paying more, go for an insurance provider who is charging you less. Look on the internet to see a great range of options. You can also talk to those who own homes near you and see what kinds of deals they are getting for their homeowners insurance package and from whom.
These are only 5 ways to reduce your premiums, but there are more. The best thing to do is to draw out a comprehensive list so that you can start to make these ways work for you. As you go through the list and implement new things continuously, you will see your premiums get smaller and smaller without affecting the value of your house.
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