FAP Turbo

Make Over 90% Winning Trades Now!

Thursday, October 29, 2009

Finding The Right Home Insurance

By Vic Shallow

A question that you need to answer before you a buy a home is, what is the best way to find the right home insurance? Remember, home insurance is required by your lender before closing on your new home. That being said, as soon as you know that you are moving forward with the purchase of a new home, you need to begin to shop for the right policy.

When shopping for a home insurance policy keep a couple of things in mind. First, you need to get the right amount of coverage. Buying a home is most likely the biggest investment you're going to make in your lifetime. It's a mistake buying a home insurance policy that does not offer the right benefits. You are pretty much wasting your hard earned money if you do.

Secondly, Don't pay more than you have to for your coverage. Do some comparison shopping and ask what discounts you qualify for. Some companies won't tell you about discounts unless you ask. Some of the ways to keep your premiums down are:

Raise your deductible. Deductibles typically start at $250. Increasing your deductible to $500 can help you save up to 25%. Just make sure you can afford to pay the higher deductible if something should happen.

Buy your home and auto policies from the same company. Many companies will give a discount if you buy both homeowners and auto coverage from them.

Ask about group coverage. Alumni and business associations often work out insurance deals , which includes a discount for association members. Ask your association's director about any such deals.

Improve safety and security. Depending on the company, Items such as burglar alarms ,deadbolt locks, and smoke detectors often bring discounts of 5% each.

If nobody in the home smokes, ask about a non-smoking discount.

Discounts are available, don't forget to ask which ones you're eligible for. The internet is a great tool to get information quickly. Do your homework and by all means compare quotes. Doing some research will help you find the right coverage. Compare quotes from several insurers by using an online quoting service. - 23211

About the Author:

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home