How can I lower my homeowners insurance cost?

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asked Nov 12, 2020 in Insurance by DreivinX (1,040 points)
How can I lower my homeowners insurance cost?

1 Answer

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answered Nov 12, 2020 by Ced98axelan (1,320 points)
To lower your homeowners insurance costs you should make sure to maintain the home, keep the roof in good shape, paint the house when needed, get rid of any debris that could cause fire, install security systems such as security cameras, alarms, maintain the plumbing and raise your deductible.

Also your homeowners insurance rates are for what it costs to actually replace your current home with a new one so even if you have an older home you're insuring you can still pay more money.

You can also get a discount for bundling your homeowners insurance and auto insurance with the same company.

Also shop around and look for an get quotes for cheaper homeowners insurance policies.

If you have a dog such as a Bull dog or other high risk dog then your homeowners insurance can be higher as well.

Brick homes are usually cheaper to insurance than wood homes are.

However brick homes do use wood construction underneath them but they have bricks that side the house instead of wood or Vinyl.

But that brick siding can help protect the home from fire that gets up to to so that is how it helps save you some money on homeowners insurance.

Brick Homes also usually hold their value better as well than wood or vinyl siding homes do.

If you got a home construction loan you do need to insurance the home during construction.

However you don't buy regular homeowners insurance for a home under construction.

But instead your insurance company should cover the home under construction with an insurance coverage policy known as Builders Risk Insurance.

Ask your homeowners insurance company for insurance for a home under construction.

Because anything can happen and although most homes are built without any damage done there's always the small risk that something may happen.

Then you would lose all that money you spent on the construction materials and the money you pay the builders to build the home.

Always get insurance on a home that is under construction just to be safe.

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