Homeowners Insurance - Take Advantage of These Insurance Discounts to Save Your Money

Adams Bridges

Homeowners insurance discounts are great chances to make your insurance rate an affordable deal. You have to spend some time with your agent and let him or her inform you about the discounts before you sign up your policy. These discounts vary from company to another and it depend on changeable and non-changeable factors .in this article I will explain how you can benefit from homeowners insurance discounts to lower your premium.

Most of fire incidents happen at homes because of smoking. If you are a non-smoker and no one in your home smokes, a risk of fire accident in your home will be limited. Therefore the insurance company offers you a non-smoking discount. In case you bought your policy, when you were a smoker and after that you quit smoking. Take advantage of this discount and renew your policy to benefit from non-smoker discount and save your money.

No-claims discount is a good opportunity to lower your homeowners insurance premium, if you keep your record in your insurance company claims-free for a several years. You can take advantage of this discount by making repairs at your expense when you face a limited loss in your dwelling. You have to ask your agent for no-claims discount because the insurance companies don't voluntarily inform their clients about this discount.

Make your home more secure by fixing security devices like deadbolt locks, burglar alarms and burglary proof bars on your windows to make your home well-protected against theft. All homeowners insurance companies offer you as a homeowner a security discount because your property safety level is high.

You can reduce your homeowners insurance rate by reducing your home vulnerability to fire accident by installing sprinklers, smoke and fire detectors and keeping fire extinguishers within reach. Fire-proof home is the first choice of insurance company to give a safety discount

Update your home plumbing and electrical systems. Old home is prone to fire accident or water damage. If you upgrade your old home systems to meet the codes then you make yourself eligible for another discount on your homeowners insurance premium

Homeowners insurance companies provide their customers with several types of insurance policies for example: auto, health or any other type of insurance. In case you have more than one type of insurance policy beside your homeowners insurance, it's recommended to bundle all your policies and purchase multiple-policies from the same provider to be eligible for multiple insurance discount.

It's up to you to decide how many dollars you pay to make your insurance premium affordable by taking all these discounts in account.

How much does the Average Tampa Homeowners Insurance Cost?

By Adams Bridges

Homeowners insurance is the best method to keep your biggest valuable investment safe against man-made disasters or any climate perils your dwelling vulnerable to. If you are a resident in Tampa, buying a homeowners insurance policy is more important to protect your home against hurricane, flood or thunderstorms. The insurance companies take Tampa as a highly-risk area. Therefore it isn't easy task to find affordable homeowners insurance in Tampa.

You have a chance after reading this article to buy lower homeowners insurance policy, if you figure out the elements determine the homeowners insurance cost in Tampa. Some of those elements are unchangeable like the distance between your home and the coast, the far your home from coast the low your premium will be. On the other hand you have a full control over other elements like raising your home safety by fixing sprinklers and deadbolt locks which leads to decreasing your homeowners insurance cost.

According to a study was held by NAIC in 2007, the average premium cost was $1830 in Tampa. This is due to the raising of all Gulf States insurance rates after hurricane Katrina. All homeowners insurance companies decided to double the insurance cost or may reduce their business in these highly-risk states. But you still have a good opportunity to find affordable deal by surfing the internet comparing online quotes and get homeowners insurance policy in Tampa.

Although the homeowners insurance cost in Tampa is very expensive, you can lower your premium 25% by increasing your deductible which is an amount of dollars you pay before the insurance company start to pay you if you file a claim and that will minimize the probability of filing a claim and minimize you premium amount. You can decrease your insurance cost if you buy health and auto insurance policies from the same provider. In other words in case you benefit from multi-policies discount.

If you have a trampoline, a swimming pool or a dangerous pet like a German shepherd. That will raise your premium. Because your home will be rated as a high-risk place, in case one of your guests gets injured and the insurance company pays for liability.

The discounts homeowners insurance companies offer to their clients are different from company to another, you have to ask your agent about the discounts that you may eligible for to be sure you minimize your homeowners insurance premium.

Homeowners Insurance - 7 Tips to Avoid Mistakes before Buying Your policy- part 2 of 2

By Adams Bridges

Homeowners insurance is the most important way to protect your most valuable assets. Before you buy homeowners insurance policy, bear in mind these seven tips to avoid wasting your money. In this article I refer to the most common mistakes the insurance buyers make while they buy their first policy. By avoiding these mistakes you can save a hundred of dollars by decreasing your premium.

5- Read the policy carefully before you buy your homeowners insurance

One of the most common mistakes that some homeowners do is signing up their policy without read it thoroughly. The exclusions of the insurance coverage are written in separate part. You should read the small prints patiently. And if you have any question about unclear term on the policy, ask your agent to clarify it. Educate your self about your state insurance laws before you buy your homeowners insurance policy.

6- Review your policy to avoid being under inadequate coverage

Review your policy once a year, in case you build an addition to your home you should include this addition under your coverage. If you update your electrical and plumping systems you have to do the same. The building materials and labor cost change over years and that may leave you under inadequate homeowners insurance coverage if you ignore reviewing your policy

7- Take an inventory of all your valuables items

If you are ready to buy your homeowners insurance policy, it's a good idea to start to perform a home contents inventory to ensure that contents value doesn't exceed the 70% of the price of your home structure. If you have expensive items like jewelry or artwork resulting in exceeding this limit then you need a rider for more coverage. It's an easy way to take an inventory by taking a video of all your belongings by a video cam. Put every receipt beside its item (especially the expensive items) while you taking the video to show brand, date of purchase and sales price in case you need to file a claim.

Having your home adequately insured against any dangers like fire, theft is the best way to protect your most expensive property. You have a good chance to reduce your homeowners insurance cost by shopping around, asking for discounts, read the fine prints and review your homeowners insurance policy from time to time.

Homeowners Insurance - 7 Tips to Avoid Mistakes before Buying Your policy- part 1 of 2

By Adams Bridges

Homeowners insurance is the most important way to protect your most valuable assets. Before you buy your insurance policy, bear in mind these seven tips to avoid wasting your money. In this article I refer to the most common mistakes the insurance buyers make while they buy their first policy. By avoiding these mistakes you can save a hundred of dollars and decreasing your premium

1- Shop around to avoid overpaying for your homeowners insurance policy

Your mortgage lender recommends that you buy a policy from certain homeowners insurance provider. In this case you will lose a good chance to save a hundreds of dollars, by missing the advantage of shopping around. This is due to the fact that insurance rates vary from company to another. Instead of wasting your valuable time shopping for a low-price grocery, spend more time to find an affordable homeowners insurance policy. Your friends are good information source of low-rates providers. And it's a good idea to get online quotes to find your best deal.

2- Don't buy homeowners insurance policy without double checking the provider reputation

A lot of homeowners insurance companies compete in homeowners insurance market. And you should choose the most reputable and suitable company for your unique needs. That's easy now and thanks to companies rating web sites like 'ambest.com' this site provides homeowners with reliable information about insurance companies. Another site 'Standardandpoors.com' compares the companies on the basis of their response to your claim. You can also check any company reputation from 'NAIC.com' or check their complaint levels from your state department of insurance.

3- homeowners insurance is only for the home structure don't insure the land.

Don't miscalculate how much your home need to be precisely insured. By adding the value of the land to the total amount of your homeowners insurance your rate will be raised. While large portion of what you pay to purchase your house is the cost of the land which will be intact even if your house destroyed completely. So there is no need to raise your insurance rate by including the land under your home insurance coverage.

4- Ask your agent about discounts don't miss this chance to save a lot of money

All homeowners insurance providers offer discounts on the premium to attract more customers to their business. It's a good opportunity to benefit from these discounts and save up to 10 percent of your premium by fixing safety appliances like burglar alarms, window locks, smoke detectors, fire sprinklers in your dwelling. There is a senior citizen discount for 55 years old homeowners because they spend more time in home their houses are in low risk. Don't forget to ask your agent about multi-policy discount in case you sign up for car insurance from the same company too. Keep asking your agent until you know all the discounts you are eligible for.

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