Start Saving On Your Homeowners Insurance Today

Insurance Blog

Homeowners insurance plays a vital part in protecting one of the largest investments you will ever make. Unfortunately, the cost of this insurance can also put quite a strain on your budget. The good news is, if you are currently struggling to keep up with your insurance payments, you can take steps to help lower these costs.

In fact, the tips outlined below will help you to start saving money on your home insurance today:

Make Sure You Are Covering Your Actual Rebuilding Costs

Rebuilding after a natural disaster or fire rips through your home is without a doubt the worst nightmare of many homeowners. In fact, this is one of the primary reasons that individuals carry home insurance in the first place. Unfortunately, in the attempt to ensure they are covered for just this type of emergency, far too many homeowners will end up overpaying for their insurance.

When selecting the coverage amount necessary to cover the cost of rebuilding their home, many homeowners will rely on the purchase price of their home to determine how much coverage they need. However, the purchase price of your home and the cost of rebuilding your home are not the same.

While the purchase price of your home will include both the property and any structures built on that property, the cost of rebuilding your home will simply include the cost of constructing a new structure.

In order to ensure that you are not overpaying for your home insurance, take a moment to reevaluate the amount of coverage you need based on the true cost of rebuilding your home. If you find that you are carrying more coverage than you need, reducing your overall coverage limits can help you to begin enjoying lower insurance bills each month.

Take Steps To Reduce Your Risk Of Filing A Claim

When requesting an insurance quote, the insurance company performs what is known as a risk assessment before ultimately quoting you a price. The purpose of this assessment is to determine just how likely you will be to file a claim against your insurance policy. The higher the risk is that you will file a claim, the higher your insurance rates will be.

There are many factors that are considered during the course of your risk assessment. Some of these factors, such as your age and the location of your home, cannot be influenced by anything that you do. However, many of these factors can be influenced by taking a some basic steps to help minimize your risk of filing a claim.

For instance, you can choose to install an alarm system, waterproof your basement, or install a security fence around your property. After completing these improvements to your property, be sure to provide documentation to your insurance company so that you can begin enjoying the discounts that come along with them.

While taking advantage of this money saving opportunity will require you to invest a bit of money upfront, it can be one of the most effective ways to dramatically decrease the cost of your homeowners insurance. To make this opportunity even more attractive, many of the home improvements that will result in lower insurance bills will also result in an increase in your home's resale value.

If you want to know more, or simply have other questions, try contacting a company like Olympic Northwest Insurance.


9 February 2015

Feeling Secure about the Future

Do you constantly fret about your future? Perhaps, you worry about what might happen to your significant other and kids if you suddenly passed away. If you can relate to this scenario, obtaining a life insurance policy might help you get the peace of mind you desire. Depending on your unique situation, you might benefit from acquiring a term or whole life policy. A trusted insurance agent can listen to your needs and help you figure out what type of policy will be best for you. On this blog, I hope you will discover the numerous reasons you should secure a life insurance policy sooner rather than later. Enjoy!