When looking for or planning your dream home it can be very easy to get caught up in the details of paint color and which neighborhood to live in, but without understanding the small details of homeowners insurance you can end up spending thousands of dollars more than you would have ever imagined possible. With these 7 tips you’ll be on your way to understanding what it takes to save on homeowner’s insurance.
Know your home
Understanding what work has been done to your home and what needs to be done can save or cost you large amounts of money if you are unaware what work needs to be done or what extra money you have put into it that may change your insurance rates.
If you also pay for car insurance as well as home insurance, many firms will allow you to bundle your home and auto insurance to save on both and have peace of mind knowing two valuable purchases are protected.
One thing people don’t often think of when considering insurance is that they can set up certain devices, such as security cameras, that will be considered by insurance companies in your insurance plan and usually allows them to offer you a discount on your plan.
Think outside the box
With basic home improvement modifications such as remodeling a bathroom or kitchen having limited functionality in improving insurance rates, a change such as a metal roof can allow for excellent savings now and down the line. Erie Metal Roofs is an example of a company that will give you a roof that looks like any other but offers the protection of no other that insurances companies will take note of and even offer discounts.
While a leaky faucet or clogged toilet may not seem like a big deal at the time, these small issues can turn into a big problem when your septic tank ruptures and causes thousands of dollars of damage that insurance companies do not like to deal with.
Research insurance discounts
Like saving money by bundling car and home insurance and getting an improved protective roof, there are many other ways you can save money by asking your insurance provider what discounts they offer. Many insurance companies offer loyalty discounts and savings if you have gone a few years without filing any claims that can all add up to substantial savings.
Unfortunately, it’s the things you never expect to happen or plan for that cause the most damage to your home. For example, nobody ever expects a tree to fall on their house from a storm, but when it does happen, the damage can often be disastrous. Making sure you are ready and have the backup funds for events like this can save you trouble and money in the event of an emergency.