Currently, there are millions of homeowners out there without insurance simply because the cost of being insured is too high for some to afford. Do not allow your home to stand unprotected. Use the tips listed in this article to drive those prices down and to find the coverage you need for a price you can afford.
There are a few things you are able to do in order to cut your insurance premiums. The first step is to have a quality security system installed. Your annual premium could potentially be reduced by 5%. However, remember to contact your agency and provide proof of the new installation before expecting to see a change. Also, make sure you have working smoke alarms. You could save up to 10% every year.
Check with your homeowner’s insurance before adding any major recreational structures to your property. Adding on a swimming pool, above ground or in ground or even children’s toys, like swingsets and trampolines, can significantly raise your homeowner’s insurance rates. The increased cost of these items should be considered before any major renovation.
Paying off your mortgage can lower your insurance premiums. Though this is tough to do, most insurers will reduce your rates if you have no mortgage on the home. Insurance companies reward homeowners who own their home free and clear.
Make sure you have enough smoke detectors installed in your home. Older homes especially may need additional ones in order to get a better homeowners insurance premium. Even some newer homes can benefit financially from adding additional detectors apart from those necessary to meet the requirements.
There are a million and one different things that can happen to your home and leave you living in a hotel or even out in the streets unless you have a good insurance policy. If you’re willing to take a little bit of time and use the tips you just read here, you can find an affordable, quality homeowners’ policy.