Home Insurance Savings Tips
Home buying requires a whole set of new tools! Home buying tools!
After you have signed the contract on the new home, your mortgage lender will be asking you to secure insurance for your soon to be new home.
Some tips you might use to find the best insurance ant the best price include:
Set higher deductibles to lower your premiums.
Find out if a company offers discounts for smoke detectors, burglar alarms, third-party alarm monitoring systems, dead bolts, fire extinguishers, Neighborhood Watch programs.
Earn “multiple coverage” discounts by using one carrier for all of your insurance.
Find out where hydrants and fire stations are located from you new to be home. Premiums will be higher if fire stations and fire hydrants are too far away.
Go without a claim for three to five years might set you up for a discount with your insurance company. Most companies reward longevity of service. Some companies offer discounts if you’ve paid off the mortgage.
Ask a company if discounts apply if a home was built or rebuilt within the past 10-15 years.
Check out non-smoker, early retirement, and live-in-housekeeper discounts.
These are just basic tips to use when shopping for insurance for your new home. Make sure to call around. It doesn't cost a thing to get multiple policy prices. Once you have all the information, you can make the best decision on which insurance to choose.
Happy Home Hunting!