If you are in the process of purchasing a home, then it is important that you obtain a homeowner's insurance policy on it. While a homeowner's insurance policy is vital to protect your investment in your new home, it can also be a large monthly expense. For this reason, you should do everything you can to ensure that you get the best coverage for the best price.
Here are some tips to help you save money on your new homeowner's insurance policy:
Tip: Bundle Your Automotive Insurance with Your New Homeowner's Insurance Policy if Possible
If the insurance company who carries your automobile policy also offers homeowner's insurance, then you should speak to them about bundling together the two policies for you. This can be one of the absolute best ways to get the lowest possible premium. If your auto carrier doesn't insure homes, then you should be open to changing companies if you find a good deal for a bundle.
Tip: Make Your Deductible as High as You Can Afford
As with your automobile's insurance policy, you can lower your monthly homeowner's insurance payments by raising your deductible as high as you can afford. If you are going to be scrimping to pay all of the expenses with your new home, then you may want a lower deductible until you can save some money. However, if you can cover a large deductible, then you should raise it as high as you can to save the most on your monthly insurance payments.
Tip: Install a Home Security System to Save on Premiums
You can make your homeowner's insurance premiums lower by installing a qualified home security system. The security system shows your insurance company that you are committed to doing everything you can to prevent losses, and it also provides an added layer of safety and security for your family. Even if you choose a security system that has monitoring and a monthly fee, you can often save enough on your homeowner's insurance to offset this cost.
Tip: Understand the Extra Charges for Certain Breeds of Dogs
Finally, if you are planning to adopt a dog once you move into your home, it is important to note that certain breeds of dogs will cause your homeowner's insurance premiums to rise. For example, pit bulls and German Sheppards are often considered to be added risks for bites and will cause your insurance premium to be higher than if you had adopted a labrador or a poodle.
For more information, contact a business such as Martin Insurance Company.