How to Cut the Cost of Home Insurance

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How to Cut the Cost of Home Insurance
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Here are some ways in which you can cut the cost
of home insurance 1. Combine home insurance
and auto insurance Suppose youre looking to
buy a burger, a pack of French fries and a Coke.
Would it be a better deal if you bought each of
it separately or you bought the combo? If you are
giving the insurer more business they are likely
to offer you up to 10 off on your annual
premium.
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2. Make claims sparingly The sole purpose of
your insurance policy is to cover risks to your
home and belongings.. But making a claim for
small amounts is not a good idea. Every time you
make a claim, the risk increases and so does your
premium. On the other hand, you can avail of
discounts if you do not make a claim. 3. Opt
for optimum coverage- A basic policy covers loss
due to fire, broad policy covers fire and a few
other things and a comprehensive policy covers a
whole lot of things. Often homeowners dont need
a comprehensive policy but still go for one,
resulting in the burden of higher premiums.
Choose a policy that covers the main risks to
your home.
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4. Install a home security system If you
install a home security system your house becomes
more secure. The home security system can
protect you against theft, sewage, flood, fire
etc. depending on what you choose. Home security
systems also offer discounts on your annual
premium. 5. Increase your deductible
Deductible is essentially the amount you pay
upfront for your expenses before your insurance
plan starts paying you. Both the deductible and
premiums go out of your pocket. But if you choose
to keep the deductible low, you will end up
paying higher premiums. So its wiser to have a
substantial deductible and you can receive a
discount on premiums.
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6. Work with your broker A car insurance
broker, is an independent agent who works to
gather quotes together on your behalf. He can
help present your information to different
companies and advise you on which coverage you
need. 7. Go in for a newly built house As
your house becomes older the chances of wear and
tear, damage and risks increases. So insurers
place a higher premium on houses that are older
than ten years to cover the risks. Opting for a
newly built house would reduce your risks and
also your premium.
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Contact Us

• Beneficial Insurance Solutions
• 3475 26 Avenue NE, Calgary, AB, T1Y 6L4
• Phone No [phone]
• Email office_at_beneficial-insurance.com
• Website www.beneficial-insurance.com