Homeowners Insurance Claims - Top Tips to Keep Your Rate Low

By Adams Bridges

Homeowners insurance is a necessary protection for your biggest investment. Saving money in your insurance doesn't mean leaving your home without an adequate coverage. In case you file a claim your homeowners insurance rate will be raised. Bear in mind these significant tips to avoid unnecessary claims and to keep your premium monthly payments affordable.

Keep Your Claim-History Record Clean

Homeowners insurance companies determine how much your insurance rate on basis of a lot of factors. One of them is your personal claim history. The more claims in your record the higher risk your home insurance investment. Avoid filing unnecessary claims by paying out of your own pocket for minor repairs in your dwelling, rather than raising your rate if you have a claim history.

Increase Your Deductible to Pay Less for Your Premium

Your homeowners insurance policy has its deductible up to $250. You are obligated to pay this amount before your insurer begins to pay out for any compensations or repairs in your house. In case you want to keep away from filing too many claims, you have a good chance to do that by increasing your deductible up to $750 and save about 18% of your monthly premium payment.

Boost Your Home Security and Safety to Avoid Filing a Claim

Installing security systems in your home is an effective method to protect your family, pets and your belongings from fire and burglary. At the same time you will be eligible to security discounts, and you will be able to lower the likelihood of filing claims since your dwelling is highly protected from theft and fire. Install Burglar and fire alarms connected to police or fire stations in your home, in addition to smoke detectors, sprinkler system and dead-bolt locks.

Renovate Your Home Systems

Water damage, heating and electricity repairs some of the most common causes make homeowners insurance policyholders file claims. Therefore, you have to update your home plumbing, electrical and heating systems to meet local and state codes. In this case your homeowners insurance rate will be low. And, your home will be safer place. And potential accidents such as pipe burst or electrical surge would be unlikely to happen within your property.

Your homeowners insurance is your safeguard in case of significant losses. Raise your home security level, update your systems, and increase your deductible, to keep you homeowners insurance claim history clean.