January, 2013

Practical Tips to control the cost of your home insurance

Wednesday, January 30th, 2013

tips-review-insuranceHome insurance costs tend to go up every year and it is too risky if you go without one. You can change policies every year but that will be onerous. It is a lot easier to stay with a home insurance policy that provides enough coverage. Longevity with one provider can also spell discounts for you. Here are some tips to keep the costs of your home insurance down:

Increase your deductibles. You need to set your deductibles to as much as you can afford. Remember that your home insurance will cover for your property and not just the small stuff.

Make some home improvements. Fix your roof, install CO2 and smoke detectors, and install a back up generator.

Go for hip roofs. This kind of roof has the best design to withstand very strong winds. You need to avoid certain areas of your roof that will catch the wind and be prone to damage.

Choose the best location. Get a home in a location that is not prone to flooding, storm, or forest fires. Make sure you will end up in a community that has its own fire department. Make sure you have the property inspected before closing the deal.

Reinforce the structure. Protect your home from the elements by installing window shutters, garage door protectors, and roof reinforcement.

Invest on home security. Keep your family safe from home intruders by installing security cameras, sensors, and alarms.

Do not insure the land. You can exclude the value of the land when getting an insurance coverage. The land will not be burned or stolen so its just the home that you need to cover for.

No necessary coverages. In most residential zones, you do not need to get a coverage for earthquakes. Also discuss possible discounts with your provider.