SHARP HOME

Wednesday, 14 May 2014

Reducing Your Home Insurance Premiums



Are you paying too much on your home insurance policy? Or maybe you are still looking for the perfect home insurance policy? (Click here for more information: http://sharpinsurance.ca/medicine-hat-home-insurance-ab.php) Regardless of what your situation currently is, as a buyer (or potential buyer) you should only have one thing in mind: How you can reduce the costs of your insurance policy.

Because that's right: Reducing your home insurance premiums is doable. Home insurance premiums don't have to be that expensive. With the help of simple tricks, you can enjoy the same benefits of a homeowner's insurance policy at a reduced rate.

So without further ado, here is how you can reduce your home insurance premiums:

1. Raise your deductible. Quite simply, your deductible is the amount of money that you agree to pay before your insurance company starts paying on a claim. By raising their deductible, some people have been able to save up to 20% on their insurance premiums. Be warned, however, that in the event of a theft or of a disaster, you will have to pay the amount of money that you agreed to pay.

2. Protect your house. That's right: Now might be the time to finally install that alarm system or update your heating system if you want to save on your home insurance premiums. Smoking has also been shown to raise premiums, so if you could not find a reason to stop smoking, now you have one! Ask your agent what you can do to make your house less expensive to insure and  try to avoid risks that insurance companies shy away from as much as possible.

3. Combine your home insurance and auto insurance policies. Buying them from the same insurance company has the potential to land you some good discounts. It also tends to simplify things (and paper works especially).

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