Wednesday, 1 Aug 2012

House Insurance Tips for Families

Making all your monthly payments can be difficult, especially if you have a family to take care of. It seems like every time you turn around, someone needs money for something. That is why it is so important to get the best deal available on costs you can control, such as your house insurance. Here are a few tips to help you save.

Shop Around

Not every homeowner has a family to take care of, but everyone should shop around before choosing their home insurance policy. It would be easy to just use the first company in the phone book, but chances are you will not be getting the best deal out there. It is going to take a little bit of effort and time to find the right company for you, but it will be well worth it in the end. There are a few different ways for you to shop around, and perhaps the most efficient way would be to use the internet. The internet makes it easy to shop and compare prices at a much faster rate by offering sites where you can compare multiple companies on one page.

Raise Your Deductible

If you have a good amount of emergency money set aside, raising your deductible may not be a bad idea. Increasing your deductible can significantly reduce the amount of your monthly payments. The deductible is the amount of money that you would pay in the event that you have to file a claim. For example, if there is a small fire, and you have a deductible of $500, you would have to pay $500 towards the damage before your insurance company would pay for anything.

Bundle It Up

Purchasing your home insurance from the same company that covers your auto insurance can save you some money. All companies are different. However, you may be able to get a multi-policy discount from your company.


Insurance companies are goldmines for discounts; you just have to find ones that you can qualify for. Talk with your agent to find out what discounts you may qualify for, or what things you can do to be eligible for more discounts. Improving your home’s security or preparing for disasters that occur in your area may get you a discount. Putting up fire resistant siding, installing storm windows, reinforcing your garage door, and reinforcing your home for an earthquake are a few other things that may qualify you for a discount. The key is preparing for things that occur in your area. Don’t count on receiving a discount for reinforcing your home for an earthquake if you live in an area where earthquakes do not typically occur.

Before You Buy

If you are in the market for a new home, don’t forget about your insurance payment. You can get an estimate on how much it will be before you purchase the home to make sure that you will be able to afford it. Also, keep in mind that in certain areas, different types of homes are going to cost less to be insured. For example, if you live in an area where strong winds are prevalent, you should keep an eye out for a brick house.

Limit Your Claims

Just because you have home insurance, doesn’t mean that you have to file a claim for everything that happens. Try to limit the number of claims you file, or you may end up paying much higher premiums than you are comfortable with. Take care of small issues yourself; it will be worth it in the end.

Other Things You Can Do

Making your home as safe as it can be could help to save the lives of your family members; it may also result in a few discounts. Install fire detectors and carbon monoxide detectors throughout your home, and make sure that you have a fire extinguisher in your kitchen. Once you have these things installed, don’t forget about them. It may be difficult to forget to replace the batteries on your fire alarms since they usually make a loud annoying noise when the batteries are low, but check them once a month just to be safe. If you’ve got a fire extinguisher you should have someone come to inspect it once a year as well. Be sure to let your insurance agent know of any upgrades you get done to your home–this includes your fire alarms.

Guest post from Marley Lane. Marley writes for

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