The art of saving money on your homeowners insurance is easy if you know how. And the truth is, the power to savings on you insurance is in your palm, when you know what to do, or steps to take that will position you for lower cost.
It’s a general knowledge that shopping around and comparing quotes of several insurers is the first step to take. Apart from this, there are other ways you can further reduce cost.
Here are some of the ways you can save money on your home insurance
§ Do not insure your home with the land. Insure only your home which is more prone to threat than the land. If you include the value of the land in your policy, this is likely to shoot up your cost
§ Consider the location when buying a home- locations prone to threats natural disasters, windstorms and crime may see you paying more. Therefore, carry out a proper survey before you buy. And when you are already living in a crime infested areas, do every thing to beef up security to reduce cost.
§ Vulnerability of your home-There are homes more vulnerable to threats than others. If yours is one, due high rate of crime, vandalism and civil unrest, you may pay more.
§ Improve your security-Home security systems in the home help reduce your cost to as much as 10%.Therefore improve your home.
§ Loyalty to an insurer-Your loyalty to an insurer helps to afford you discounts.
§ Consider your credit worthiness-Few insurers consider the shape of your credit. If your credit rating is not in good shape, you are likely to pay more.
§ Quit smoking-Homes of smokers are more likely to catch fire than those who don’t smoke. Quit smoking to curb the risk of fire.
Now you know you’ve got the power to cut down on your cost. Take my advice and act wisely. Get a free insurance quote on http://www.easybuyhomeinsurance.com/ and get a professional advice.
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