Homeowner's insurance is necessary for peace of mind. No one likes spending money every month to protect from a disaster that seems like it will never happen, but it's great to have it if the worst should occur. In order to make paying for it easier, consider these three methods of getting cheaper homeowner's insurance.
1. Use the Best Credit Report Possible
Insurance companies can look at your credit reports and many will use your score to determine the amount of money that you have to pay each month. If you own the house with your spouse and your spouse has a better credit report, allow him or her to apply for homeowners insurance. While he or she is on the insurance, make sure that you have other bills in your name (and make sure you pay them off every month) in order to improve your credit. One easy way to improve credit, if you don't have any credit card debt, is to get a credit card and put small purchases on it. Then, pay it off every month. Within a few months, your credit score should rise.
2. Make Your House More Resistant to Disaster
The reason why you purchase homeowner's insurance is to protect against disasters. If your home is more resistant to disaster, then you will be considered a safer bet than other homeowners because the insurance company will be less likely to pay. If you can prove to the Insurance Institute for Business and Home Safety that your house is safe (meaning that it meets FORTIFIED standards) then you might be eligible for a discount with many different insurance companies.
This discount will vary based on the insurance company itself, the location in which your house rests (if you live in a hurricane zone, your discount will be less), and how prepared for disaster your home is. Consider having an agent from the Insurance Institute for Businesses and Home Safety come to evaluate your home to find out what needs to be improved. Some examples of improvements that can be made include installing storm windows that are strong enough to keep from shattering in high winds, updating your plumbing system to reduce the risk of flooding, and making sure that you have the most up-to-date smoke detectors.
3. Get a Security System
If you get a security system that matches the standards of the insurance company you would like to sign with, you could be eligible for a discount because the police will get to your home more quickly in the case of a break in and there will be less of a chance that a break in occurs in the first place.
For more information about specific insurance discounts, contact an insurance provider like Advantage Insurance Agency.Share