Buying a home? Don’t lose money with an over-priced home policy.
After an exhausting process of finding the perfect starter home, buying the first homeowners insurance policy that you can find sounds pretty good. While this is tempting, it’s important not to do this.
Home insurance is just as crucial as securing the right mortgage rate! With this coverage, your beloved home and large investment are kept in great shape for years to come. Even though it’s hard to imagine your sparkling new home in disarray in the aftermath of a natural disaster, accidents happen.
Securing your first homeowners insurance policy doesn’t have to break the bank. Here’s how to keep your first premium at an affordable rate.
Don’t just go for the cheapest policy.
In a ridiculously cheap policy, it’s likely that the coverage will be less than minimal. You’ll need to secure the right amount of protection for the risks to your dwelling, personal belongings, and liability.
Save by bundling your policies.
Many insurers will grant you savings when you purchase multiple policies from them. This way, you can enjoy managing all of your policies under one entity and save money! That’s what we call a win-win.
Understand your coverage limits.
You should always know what exactly is covered in your policy – and what isn’t! If you find gaps in your policy, be sure to call your insurer to learn how you can protect yourself, your finances, and your assets. In many cases, you can increase or decrease your coverage limits, which means that you get the protection levels you want!
Review your credit score.
Not only does a good credit score help you to get a better interest rate on your mortgage, it could also help you to save on your homeowners insurance. If you have less than ideal credit, improve it by spending less, reducing your debt, and paying your bills on time.
Are you ready to secure the right homeowners insurance policy for you and your new home? Contact the professionals at Robert J. Los Insurance Agency to find you the right insurance plan. Located in Hamburg, New York, we serve all your personal and commercial insurance needs.