Dwelling Coverage v. Homeowners Insurance
Because of the more expansive coverage, homeowner’s insurance is the wisest purchase to make. And, if you’re financing your home, it may be required by your lender. But that doesn’t mean you have to break the bank to pay your premiums.
Determining Home Insurance Rates
When you apply for coverage, your
Although insurers have certain factors they have to consider, there are ways you can save money while still getting the kind of coverage you need.
Saving On Texas Home Insurance
Finding the best rate is easier than you think! Take these tips from trusted insurance sources like InsureMe.com and the Insurance Information Institute:
Shop around. Different insurers sell similar policies
for different prices. Compare plan coverages and rates—and remember to shop your
insurance every six months.
Increase your deductible. Increasing your deductible—the amount you pay on a claim before the insurer pays for it—will automatically lower your monthly or bi-annual premiums. Just make sure you choose a deductible you’re comfortable with if you have to file a claim.
Make a few home
improvements. Improvements like replacing broken shingles and upgrading your
appliances can help you lower your insurance rates.
Ask about discounts. You can receive sizeable homeowner’s discounts if you buy an auto/home combo policy, have electronic burglar alarms, don’t smoke, or have a fire hydrant within 15 miles of your home. And every little bit helps!
Additional Tips for the Road
Once you’ve compared various policy coverages and premiums, take extra precaution and:
When it comes to finding great home insurance, remember that affordable rates are only half the equation. Do a little homework on potential insurers to make sure the service is as great as the policy premium!
For more information on homeowner’s insurance in