3 Ways To Reduce Your Home Insurance Rates
Reducing your home insurance rates is a great way to save yourself quite a lot of money over the years that you own your own home, but it can often be tricky to find out exactly how to reduce your home insurance rates. Listed below are just a few of the many ways available to you to reduce your home insurance rates:
Add Security Features
One of the simplest and most popular ways of reducing home insurance rates is to simply add security features to the home, such as an alarm system or motion-activated lighting systems to the property. The reason that this helps to lower your home insurance rates is that it makes your home into less of a target for any potential intruders, which means that the insurance company does not have to worry as much about your home being robbed and you having to file a claim to have your property repaired and your stolen property replaced.
Add Disaster Measures
Another way to reduce your home insurance rates is to add disaster measures to protect your home. These disaster measures can help you greatly reduce the amount of damage that your house will sustain in the event of a major storm or other disasters, which means you will be less likely to file a claim for repairs. Since you are less likely to file a claim in the event of a disaster, your home insurance company is going to be very likely to offer you a discount on your home insurance rates.
Some of the disaster measures that you can take can include installing storm shutters in your home or impact-resistant glass in your windows. Also, installing storm and impact-resistant shingles or other roofing materials can also help reduce your home insurance rates.
Properly Appraise Your Home
Finally, one of the biggest ways to reduce your home insurance rates is to properly appraise your home with home insurance in mind. The reason this is so important is that the value that an insurance company is looking for when trying to ensure your home is how much it would cost actually rebuild your home should be destroyed.
However, many people make the mistake of getting a full property appraisal and submitting that to the insurance company, which results in a much higher insurance premium. Instead, get your home appraised without including the value of the land that your home is built on as your home insurance policy doesn't really cover your land anyway.
Make an appointment to speak with your insurance agent today to look for ways to reduce your home insurance rates. Adding security features to your home, adding disaster measures to protect your home, and properly appraising your home are three very effective ways of reducing your home insurance rates. Contact a company like Family Insurance Centers for more information and assistance.