3 Tips for Handling Your Home Insurance
Many people view insurance as a necessary evil, largely due to the costs associated with maintaining adequate coverage. When it comes to your home, having the right insurance is critical for many reasons.
In some instances, mortgage companies won’t even discuss funding a real estate transaction until the homeowner has provided documented proof of home insurance. Furthermore, in the event that an unexpected disaster occurs, you have the peace of mind of knowing the contents of your home are covered by an insurance policy. This may not replace objects that hold sentimental value but it does provide invaluable assistance toward recouping your losses for items that are easily replaced.
You may not know it but there are ways you can actually have your home insurance rates lowered, and it doesn’t require any unusual effort or expense on your part. Small and cost-effective measures pay off by getting you a better insurance rate. Here are a few tips for handling your home insurance that will help you save money:
- Review your policy at least once a year to see if any changes to the policy may lower your premium, and compare it with other insurance policies to see if switching will cost less.
- Invest in a home security system and smoke detectors (and carbon dioxide sensors). Providing proof of these value-added features can slim down your premium and help protect you and your family.
- See if you can get a multi-policy discount for having your auto or health insurance combined with your home insurance under one provider.
Our experts here at Schumacher Insurance Group will be glad to assist you in determining if your residential insurance is the most cost-effective option and they can work with you to get the best rates for any of your personal or business insurance needs, so contact a representative today.