Home insurance is necessary, whether you live in a two-bedroom house that is all paid for or an enormous mansion that you carry a $250,000 mortgage for. Of course, your home insurance rates for a small house are going to be lower than for a large house, but it doesn’t matter what size or how much money you have left on your mortgage, there are plenty of ways to get cheap home insurance.
You may not think that cheap home insurance is that great of a deal. Here, cheap means inexpensive, which means that you can use the money that you save for something else, like home renovations, upgrades, or even vacations away from your money pit.
Home insurance is there to protect you against fires, theft, and other natural disasters, and you may think that all homeowners insurance policies are the same, but they aren’t. A lot of them have a ton of exclusions, so sometimes the cheap home insurance ends up being not so inexpensive in the long run. Here are some ways, where you can take your already existing homeowners insurance and get it lowered, but still get the same excellent coverage.
The first way to get cheap home insurance is to think of safety when making home repairs and landscaping projects. Your goal is to make a fire less likely to happen. There are ways to do this, for example, by changing the type of wiring that you have in your house to make the electrical wiring and sockets up to date and safer. Sure, you are going to spend a lot of money on this project, but not only will you have a more secure house, but you may also just be able to get a discount on your home insurance as well.
Another thing that homeowners should take a look for is whether or not their house is attractive to thieves. You may want to install a security alarm (and keep the subscription current). This will keep burglars from robbing your house and keep your home insurance premiums down low. Another easy fix is to be certain that the bushes and hedges aren’t good hiding places for thieves. This would only take a weekend worth of work and would make your home a safer place to live.
The final tip is to make healthy choices with your property. If you have a collection of expensive jewelry or you have a lot of other valuables, it may be a money saver on your home insurance policy to rent out a safe deposit box or some other external storage for them. If you don’t do that, make sure that whenever you have a new item added to your collection you notify the insurance company and take pictures of it so that they can add it on to your policy.
Homeowners insurance is expensive, but there are ways that the average person can reduce their risk of something happening to their house which would make them file a claim. The longer that you go without costing the home insurance company money, the more likely it is that you will get reduced rates or a special loyalty discount.