Homeowners Insurance Deals: Tips for Getting Better Quotes and Discounts

It may take some time to do some research, but you really need to be careful when evaluating homeowners insurance offers. How do you know which company is the right one for you? What about politics? Does it include everything you need? Is it suitable for your home and property? What about the contents of your house? All these questions must be answered before signing any contract.

Always check the financial stability of any company you are considering and check consumer sites for reviews and ratings. Also, keep in mind that you may not necessarily need the traditional type of insurance. Newer, more modern solutions exist, such as “peer-to-peer models.” This is an ideal system for those who have trouble getting affordable insurance the traditional way.

Regardless of the type of system you choose, it is essential that you know the value of your property and contents. If your home’s current market value really isn’t much, how much would it take to make repairs if it were damaged in a fire or flood? How much would it cost to completely build a new house? Like any other type of insurance, you need to consider premiums VS deductibles when it comes to homeowners insurance deals.

One way to get a discount and save money on your payments is to make your home as disaster resistant as possible. For example, you may be able to save on premiums by buying stronger roofing materials, reinforcing your roof, adding shutters, investing in sprinklers, upgrading your plumbing and heating, etc.

List of items for home insurance offers

Make a list of valuable personal items you want to insure. Do not automatically assume that they will be included in the general coverage. The personal assets that people tend to want coverage for in insurance policies include expensive collections, jewelry, art, furs, electronics, etc. Even if personal property is included in your homeowners insurance rate, it may not be enough and there may be exceptions. Some people choose to purchase additional protection for specific high-value items.

If you already have home insurance and are thinking of looking at something more affordable, one thing you’ll want to do is review your current homeowners coverage to make sure it’s not below 80% of the home’s total replacement cost. If so, then your current carrier may reduce the amount it will pay you if you file a claim. Keep this in mind when shopping for a new, better deal, or taking steps to improve the home’s value.

Now that you have a better understanding of the basics of home/property insurance and how home insurance deals work, it’s time to start researching. One company that is currently becoming very popular is Lemonade. It offers a unique type of peer to peer solution and pays claims VERY quickly. See if it’s available in your state, and if so, see if you qualify for a Lemonade Insurance discount.

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