Home Owner Insurance – Why You Need It and Don't

Author: Megan Mahan
Source: download

Homeowner’s insurance. You know you need it, but you really don’t like paying an arm and a leg for it.
Sound familiar? If so, you’re not alone. But saving on home insurance isn’t time consuming or impossible. With a few simple tips, you can shrink your home insurance premium and keep your house adequately protected for years to come!
Saving Tip #1: Buy Car and Home Insurance from the Same Insurer
Buying both your car and home insurance from the same insurer will grant you a multiple policy discount, which can save you anywhere from five to 15 percent on your policy. Just make sure the combined price of home and auto insurance is lower than what you’d pay with a different company.
Saving Tip #2: Inquire about Discounts
On top of a multiple policy discount for auto and homeowner’s insurance, remember to ask your agent about discounts for:
Home security devices
Additional smoke detectors
Home sprinkler systems
Dead bolts on doors or windows
Modernized home plumbing
Being over 55 years of age and retired
These discounts can add up to some pretty hefty savings, so be sure to do your homework and ask about any and all discounts for which you think you may apply.
Saving Tip #3: Increase Your Deductible
Increasing your deductible?the amount you pay out-of-pocket when filing a claim?will have a substantial impact on your premium. That’s because any money you pay toward a claim means less money for your insurer to pay out. Just make sure you choose a deductible you can afford if you have to file a claim!
Saving Tip #4: Review Your Policy Annually
While you’ll want to have protection on any new additions or purchases to your home, you don’t want to pay for coverage you don’t need. Reviewing your policy every year will help you to make sure you’re not paying for extra coverage. So if you sold Aunt Betty’s antique china in the last year, be sure to let your agent know so he or she can adjust your premium accordingly?and put money back in your pocket.
Additional Tip: “Home inventory” checklists are made available by many insurers and consumer groups. You can visit the Insurance Information Institute (I.I.I.) online to print a copy and take an inventory of your belongings.
Saving Tip #5: Shop Around
While insurance companies are regulated by your state, most companies can offer similar policies for very different prices. Therefore, comparing multiple homeowner’s insurance quotes is by far the best way to find the most affordable home insurance. The advent of the Internet has made this task even easier?allowing you to compare multiple quotes without flipping through the phone book in search of an insurer.
Start Saving Today!
Say goodbye to expensive homeowner’s insurance premiums and find the cheap home insurance you need to protect your treasured abode. Use these tips to enjoy savings success for years to come!
About InsureMe

Megan L. Mahan is a copywriter and insurance information expert with InsureMe in Englewood, Colorado. InsureMe links agents nationwide with consumers shopping for insurance. Specializing in auto, health, life, long-term care and home insurance quotes, the InsureMe network provides thousands of agents with insurance leads every year. For more information, visit InsureMe.com.

Author: Bo Miller
Source: download

It is a known fact that many homeowners are paying to much for their home insurance policies, so what do we do about? After all we must protect our greatest asset, we have worked years to purchase our home.
The simple fact of the matter is most people do not shop around before purchasing their home insurance policy. Many consumers are beginning to see the benefits of filling out a HOMEOWNERS INSURANCE QUOTES form. Yes it is much easier to purchase the first policy that you come to, however that does not assure that it is the right policy to fit your needs. “The market remains a competitive one where homeowner insurance shoppers can be selective,” said Marshall McKnight, a spokesman for the state Department of Banking and Insurance.
Shop around, while many homeowners believe that all insurance companies charge the same, that’s an expensive mistake. Use a service such as ours to compare rate quotes from different companies in YOUR area.
Insure for “replacement cost” rather than “actual cash value.” After all, if your belongings are destroyed, do you want the insurance company to send you enough to buy a new couch – or do you want a $50 check for the actual value of your 11-year-old couch?
Make sure you are covered for at least 80 percent of the cost of replacing your home. If you’re not, it could hurt you even if your home does not need to be completely replaced.
Let’s say your home would cost $200,000 to replace and you’re insured for only $100,000, half of the replacement cost. If you have a $10,000 loss, you would get only half of that amount, or $5,000.
Think twice before calling your insurance company with small claims for minor home damage. There have been reports of homeowners facing much higher premiums after putting in only two claims. So if it’s a loss you can handle, take care of it yourself.
These are just a few ways that you can cut your home insurance costs. Visit http://www.freehomeinsurancequotes.com and fill out the free HOMEOWNERS INSURANCE QUOTES form. Many homeowners are saving 40-50% on their home insurance costs.
Brandon Miller is owner and president of FreeHomeInsuranceQuotes.Com, his company provides homeowners the information they need to make an informed decision about which policy is best for them. They also provide Free home insurance quotes from leading agencies in your neighborhood.