In addition to providing homeowners insurance for Smokey Point residents, our highly qualified team at American Insure-All® is here to help you better understand this type of insurance. Here are 10 quick tips about homeowners insurance you should know when you are shopping for policies.
Understand Replacement Value
Many people look at their insurance policies and misunderstand the difference between replacement value and the building value. The land your house sits on does not need to be replaced, so this is not included in these values.
Buy from the Same Company
The clearest way to save on homeowners insurance is to buy your homeowners, auto, and other insurance from the same company.
Doing a lot of shopping around with both online and in-person insurance companies can help ensure you pay the best premium for what you are getting.
Ask about Discounts
You will likely need to ask about discounts rather than just assuming the insurance agent will quote these to you in the price they offer.
Make Your Home Super Safe
Safety features such as security features and weatherproof improvements you make to the home can significantly affect what you pay for your policy.
Keep Your Insurance Company
Many insurance companies will offer lower premiums or discount rates the longer that you have them. If you shop around and are lucky enough to find that your company provides the best rates, you will want to stick with them.
Shop Every Year
A good way to save each year on your policy is to analyze it every year and shop around for better rates to make sure that you are getting what you need for the best price.
Make Good Deductible Choices
If you are going to raise your deductible to save on your premiums, then you should plan to keep the amount of your deductible in a savings account to ensure that you have the amount you need in the event you need to file a claim.
Shop Insurance before You Buy
Before you buy your home, you should take into consideration what homeowners insurance is going to cost. For this reason, you should shop for homeowners insurance before you buy your home.
Keep Your Agent Updated
As your life situations change, for example, if you get married, have children, or get divorced, you will want to make sure that you let your insurance agent know in case these changes will affect your premiums.