do you really need the extra insurance?

3 Ways To Decrease The Cost Of Homeowner's Insurance

by Rick Mcguinness

One of the things you'll need to do if you own a home is ensuring it is well maintained. Doing this will allow the value to remain high and keep your comfortable in your living space, as well. It's important to have the right amount of home insurance in place in case a catastrophic situation was to arise. Knowing specific things, you can do that will decrease the cost of your coverage is sure to be helpful.

1. Ask about discounts

There may be many things you aren't aware of that can help decrease the cost of your coverage. It's essential to speak to your insurance agent and inquire about specific discounts.

Below are some of the top discounts that you may qualify for if you ask:

1.     Military – Are you currently or have you ever been in the military? If so, this could allow your coverage cost to decrease.

2.    Senior citizen – It's possible if you're past a certain age, you may get a discount on your overall coverage cost.

2. Make improvements

It's ideal to consider the many things you can do that will allow your property to be stronger and more secure. This can help reduce the cost of your insurance and is an ideal way to avoid having extremely high coverage costs.

For instance, putting in new storm doors and windows is one thing you can do. Another significant improvement is installing a new roof. Just be sure to let your agent know of all the upgrades you've made to ensure you get the most significant discounts.

3. Pay annually

You may be tempted to pay your homeowner's insurance monthly to save money. However, in the long run, this is just not the case.

There will be administrative fees added to your bills for the extra amount of paperwork, and even those these may not be extremely high, you'll pay more over time. If at all possible it's in your best interest to make annual payments for your insurance.

The main thing you'll want to do is ensure you have the adequate amount of coverage on your property. This is the key to avoiding a financial disaster and may allow you to get through many stressful situations with greater ease. Be sure to speak to a company like Bishop Insurance Agency about all of the additional ways that you can work to lower your coverage costs as much as possible today.