Thursday, April 29, 2010
For save on home insurance # Improve security and safety
Items such as dead bolt locks, burglar alarms and smoke detectors can usually bring discounts of 5 percent each, depending on the company. Your insurance company may also offer a significant discount of 15 or 20 percent if you install a sophisticated home-security system. If you're thinking about buying such a system, check with your insurer to see which systems qualify for a discount.
For save on home insurance # not the land
While your home and its contents are at risk from fire, theft, windstorms and other perils, the ground your home sits on is not. Don't include the value of the land when deciding how much home insurance you need to buy in order to rebuild your house. Your agent can help you assess the right coverage level.
Saturday, April 10, 2010
For save on home insurance # Consider insurance
Consider insurance when buying a home
If you're looking at buying a home, think about the cost of it. A newer home's electrical, heating and plumbing systems and overall structure are likely to be in better condition than those of an older home. This can lead to lower premiums.
If you're looking at buying a home, think about the cost of it. A newer home's electrical, heating and plumbing systems and overall structure are likely to be in better condition than those of an older home. This can lead to lower premiums.
For save on home insurance # Buy from the same company
Buy your home and auto policies from the same company
Many companies will give a multiline discount if you buy both home insurance and auto coverage from them. It's one of the more significant discounts you can garner, says Michael Barry, spokesperon for the III.
Many companies will give a multiline discount if you buy both home insurance and auto coverage from them. It's one of the more significant discounts you can garner, says Michael Barry, spokesperon for the III.
Saturday, March 27, 2010
For save on home insurance # Raise your deductible
Raise your deductible
The deductible is the amount of money you have to pay toward a loss before your insurance kicks in. Typically, home insurance deductibles start at $250. The Insurance Information Institute (III) estimates that if you increase your deductible to $500, you can save up to 12 percent on your premiums. Increase it to $1,000 and save up to 24 percent. But make sure you can afford to pay the higher deductible out of pocket if something should happen.
The deductible is the amount of money you have to pay toward a loss before your insurance kicks in. Typically, home insurance deductibles start at $250. The Insurance Information Institute (III) estimates that if you increase your deductible to $500, you can save up to 12 percent on your premiums. Increase it to $1,000 and save up to 24 percent. But make sure you can afford to pay the higher deductible out of pocket if something should happen.
For save on home insurance # Check around
Check around
Check with several different home insurance companies to get rate quotes. An independent insurance agent can provide rate quotes from multiple companies. Ask around: Do your friends and family like their home insurance company?
Check with several different home insurance companies to get rate quotes. An independent insurance agent can provide rate quotes from multiple companies. Ask around: Do your friends and family like their home insurance company?
Before buying a home
Ask yourself these questions:
1) Do we prefer a rural or city setting?
2) What recreational facilities are important to us?3
) How far am I willing to be from work?
4) Is access to public transportation or school buses important?
5) What type of housing is our ideal - single family home, townhome, condominium, country home?
6) What type of rooms do we need? How many living areas, bedrooms and bathrooms?
7) What are our future needs? Is our family growing or will children be nearing adulthood? Do we foresee needing a home office or would we like to have space for a pool?
8) What is the difference between the average home price in my current town, and the average in my destination? What will the same dollar buy - more or less? What about cost of living other than housing? Factor in any difference in your salary or income that the move will bring.
9) What loan amount do we qualify for? What monthly payment is comfortable for us? Will we have any trouble qualifying?
1) Do we prefer a rural or city setting?
2) What recreational facilities are important to us?3
) How far am I willing to be from work?
4) Is access to public transportation or school buses important?
5) What type of housing is our ideal - single family home, townhome, condominium, country home?
6) What type of rooms do we need? How many living areas, bedrooms and bathrooms?
7) What are our future needs? Is our family growing or will children be nearing adulthood? Do we foresee needing a home office or would we like to have space for a pool?
8) What is the difference between the average home price in my current town, and the average in my destination? What will the same dollar buy - more or less? What about cost of living other than housing? Factor in any difference in your salary or income that the move will bring.
9) What loan amount do we qualify for? What monthly payment is comfortable for us? Will we have any trouble qualifying?
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