Saving money on home insurance is a natural desire for any home owner. Any money saved can be spent on other necessities of life, or things for the home. But don’t skimp too much and get inferior coverage. Homeowner’’ insurance protects you from loss from such disasters as fire and vandalism. It also protects you from liability if someone becomes injured on your property, or f you pets or children cause damage to someone else’s property.
One of the easiest ways to save money on home owner’s insurance is to shop around. Your mortgage company will probably have a company they prefer to do business with but often times those companies are overpriced. Just getting out the Yellow Pages and calling around town to get quotes from other agents will probably save you a bundle right there. Even better, go online and do a web search for insurance companies that offer discount rates. When checking these companies out, always ask for references and check their ratings with the state insurance commission. Many times online you can find reputable good companies that will fit your needs at much lower prices than the bloated brick and mortar company you may have been dealing with. Many times online companies will allow you to get a quote online by answering a few simple questions. If you prefer to speak to an individual they usually have toll free numbers to call for quotes.
You’ll also need mortgage protection insurance, and may be able to get discounts by going through the same insurance provider. Also, if you have life insurance coverage, buy your own health insurance, or have a car and have it insured then you may want to speak with the agents you deal with already about home owner’s insurance. See if they can offer a multiple policy discount. If they can’t offer you one then be prepared to drop them when you find a provider who can. When you check with home owner’s insurance providers always ask them what the rates would be for your auto, health and life coverage and what types of discounts they offer.
Ask friends, relatives and co-workers who they use and what type of luck they’ve had. Many times friends will have acquaintances in the business that are anxious to assist you. It doesn’t hurt to ask, and you may find a great deal. Also ask your banker. Banks work closely with insurance companies and your banker may know of a good company that stands behind its policies, or a good hard working agent who wants the business and is willing to work with you. When you do find a company and the price seems right, always ask for references and call them. See if the references have had claims and how they were handled. No matter how cheap an insurance policy is, if you have a problem with claims it isn’t cheap at all, it is too expensive. Folly these basic rules and you should be on your way to saving money on your home owner’s insurance.