September 7

How to Save Money and Get Discount Homeowner’s Insurance

Almost every homeowner in Massachusetts, whether required to buy homeowner’s insurance by their lender or not, still chooses to voluntarily purchase such insurance.

Why?

Because for most people their house is their largest and most valuable asset and people naturally want to protect their assets – and the best way to protect your house is by purchasing homeowner’s insurance.

Nevertheless, no one wants to pay any more for their homeowner’s insurance than they have to, and thanks to the internet and the multitude of homeowner’s insurance price comparison websites, there’s no reason for anyone to ever do so again.

However, simply randomly entering information onto a price comparison website does not guarantee that you will save anything. Before you logon to a price comparison website you need to know how to answer the questions they ask so as to set yourself up for the lowest possible price right from the beginning.

You do that by picking up tips and tricks from this article.

For example, did you know that the best way to guarantee that you will even qualify to save money and get discount homeowner’s insurance is if you keep your credit record clean? Many people are simply unaware that their credit score directly affects how much they pay for homeowner’s insurance.

Make your property safe from accident-related lawsuits. Fix lose or broken floorboards on porches and decks, tighten railings, fill in potholes around your property and replace cracked and buckled cement work.

Make you house less attractive to thieves by trimming bushes away from windows and by installing motion-sensitive floodlighting. Make sure all doors have a working deadbolt lock and that all windows also have a working lock.

A home security system that monitors your home 24/7 for fire and burglary can save up to 20% or even more on your homeowner’s insurance – but talk to your agent before you decide on a service as not all systems qualify for the full discount. If you have a home-based business ask your tax advisor if all or a portion of your cost can be written off your taxes – if so, that added savings could make such a system extremely attractive.

Upgrading your home’s plumbing and electrical system could save you quite a bit each month. Talk to your agent before starting such a project and see what your savings will be – if the numbers make sense then go ahead.

Buy a kitchen-rated fire extinguisher for your kitchen.

Make sure your smoke and fire detectors have fresh batteries twice yearly.

If anyone living in your home is 55 or older and retired let your agent know. This can save you money every month.

If you have a multi-story home add rope escape ladders at upper-floor windows.

Now, using the information from this article find 3 different websites that encourage you to compare the prices of homeowner’s insurance policies from different insurance companies.

Fill out the forms on 3 different websites – and make certain that you fill out the forms exactly the same way on all three of the sites so that you are comparing the same policy each time.

Then all you need to do is to determine in your own mind which companies are likely to still be around in 30 years and then simply choose the lowest-priced company from that list.

And that is how you save money and get discount homeowner’s insurance in Massachusetts and save money month after month, year after year.




Posted September 7, 2016 by mimin in category "Finance