If you happen to own a house, homeowners insurance will inevitably feature as one of the biggest parts of your property’s upkeep. That’s why it’s important to go the extra mile when it comes to saving money on insurance. Considering how expensive most policies are, it might not seem like there’s much you can do to cut costs. But there actually are some smart decisions you can make to put yourself in a good position with insurers.
Think About the Big Picture:
Insurance Expert Patrick Kiger suggests that “the annual cost of homeowners coverage can vary by hundreds of dollars, depending upon the size of your house, and what insurer you choose. While experts caution that skimping on your coverage to save money isn't a good idea, there are some things you can do to get the best deal available. Be wary when you shop for coverage.” Here are a few tips on how to save money with homeowner’s insurance:
I. Invest in Your Home’s Protection:
The main goal of getting homeowners insurance is to protect your property from damage. Installing equipment or upgrades which enhance safety gives insurers confidence about your risk-profile. This confidence can translate into lower rates.
II. Buy Essential Coverage:
Be careful not to let paranoia take over your decision-making when purchasing insurance. Only prioritize hazards which are either likely, or imminent. For example, there’s no need to buy hurricane insurance if you live in an area that’s prone to earthquakes.
III. Perform Regular Inspections:
Once you actually have homeowner’s insurance, don’t neglect proper maintenance of your property. Periodically do thorough inspections for damage such as mold, vandalism or wear-and-tear. If property-damage happens without the insurer’s immediate knowledge, claims can end up going through complications.
Much like all other forms of insurance, the more you do your homework when it comes to homeowner’s insurance, the more you can expect to save money. Do plenty of research so you can compare rates, but also be prepared to keep track of your assets. Being coordinated can help you avoid lapses in coverage. For more information, visit our website or give us a call at 1-800-639-7654 to find out how Adriana’s Insurance Services can help you stay safe. We got you covered!