Tips for Success with your Homeowners Insurance

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Tips for Success with your Homeowners Insurance
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Use These Tips to Help you Out When you Go on the
Hunt For an Affordable, Quality Insurance Package
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Tip 1 Purchasing an insurance policy
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Tip 1 Purchasing an insurance policy

• An insurance company that is not doing well
  financially might not be able to pay your claim
  in the event that you need to make one. You
  should do this in a seasonal manner once your
  policy is in place.
• To save money on your homeowners insurance
  policy, make sure that your home contains fire
  alarms and a fire extinguisher. These inexpensive
  pieces of equipment can not only save your life,
  but also may save you up to 10 percent per year
  on your insurance premium.

Before purchasing a homeowners insurance policy,
investigate your insurance companys financial
stability.
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Tip 2 Taking home inventory
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Tip 2 Taking home inventory

• Store these photos in a fireproof safe or at a
  relatives house. These photographs will help the
  insurance company document your claims, and help
  you get your money faster.
• Label the photos or videos with the date they
  were taken. Items are often added or removed, so
  check your videos once a month to make sure
  theyre up to date.
• When you buy or get rid of an item you can also
  put a sticky note somewhere prominent to remind
  you to update the video or photos.

After purchasing your homeowners insurance
policy, go around your home and take photographs
of your belongings so you have a visual inventory.
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TIP 3 Securing replacement value insurance
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TIP 3 Securing replacement value insurance

• This means that no matter the cost your home will
  be rebuilt if a disaster were to happen.
• Most people think this is automatic, however,
  since home values increased it probably would
  cost more now than what you had originally paid
  for the home. This way you are covered.
• Understand that a standard homeowners insurance
  policy will not necessarily cover flood and
  earthquake damage. If your home is at high risk
  of suffering flood or earthquake damage, you may
  need to purchase special insurance coverage.

A good thing to have is guaranteed replacement
value insurance
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TIP 4 Choosing a lower or higher deductible
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TIP 4 Choosing a lower or higher deductible
If you want to lower your premiums, dont file
any claims on your homeowners insurance.
If your homeowners insurance premium is too
high, you can consider a policy with a higher
deductible than the one that you currently have.

• Lower premiums result from higher deductibles
  because it limits the number of claims the
  insurer will be required to pay. The cost of
  small fixes will fall in your lap, but the
  savings will often outweigh these costs.

• The longer your history is clear for, the lower
  your premiums will be. A good insurance customer
  is one that doesnt cost the company a lot of
  money, but instead pays into their plan on time.

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TIP 5 Pools and trampolines
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TIP 5 Pools and trampolines

• Some companies will charge as much as 10 percent
  more to insure a house with a pool, trampoline or
  other potentially hazardous equipment on the
  property.
• Defined as attractive nuisances, these features
  have increased risks associated with them can
  increase premium, but following recommendations
  like adding a secure fence and gate can offset
  the expense somewhat.

Before installing a pool or buying a trampoline,
be sure to check with your insurance company to
see what effect this will have on your premiums.
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TIP 6 Decreasing the likelihood of a fire
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TIP 6 Decreasing the likelihood of a fire

• Advantages to smoke alarms in your house
• It can help lower the cost of your homeowners
  insurance.
• If you have an older house, you could save up to
  10 percent a year.
• You may also get a further discount by putting in
  additional alarms throughout your house.

You can start by buying fireproof furniture and
materials. Install smoke detectors and fire
extinguishers.
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TIP 7 A bonus tip for dog owners
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TIP 7 A bonus tip for dog owners
Its a strange and backwards world sometimes, but
an intruder can actually sue you if your dog
attacks him. Yeah, its crazy, but thats why
they have these coverage options.
If you have home insurance and also have a dog,
make sure that you look for policy options that
cover people who may be attacked by your dog.
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to repair problems quickly and easily. Visit our
website to learn about our services or call (469)
305-0010 today to schedule your consultation.
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