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Tips to Use When Looking for Homeowner Insurance

Homeowners insurance can be expensive, especially when you live in high risk areas or have items in your yard like swimming pools or trampolines. Cost, however, does not negate the need for homeowner insurance.

Most loan companies mandate that you carry insurance until the home is paid off. If your home is already paid for, not carrying insurance leaves you completely unprotected from natural disasters and damage that is likely to occur over time. If the cost is causing anxiety pangs, however, there are a few things you can do to help reduce your homeowner insurance cost.

Ask About Multiple Discounts

Insurance companies like your business. To try and get the most of it, they often offer multiple policy discounts. By bundling your homeowner, car, and even life insurance, policies are offered at a discount of 10% or more. You can often save more money by placing all of your insurance policies with one company than if each policy is placed with a separate company.

Think Before You Buy

Certain breeds of dogs can raise your insurance policy drastically. So can the purchase of a swimming pool or trampoline. Also, before you build an addition to your home, consider the materials that you will be using. The use of more flammable materials, like wood frames, can increase the cost of your homeowner insurance as well. In contrast, the cost can be lowered by choosing more flame-retardant materials like cement or steel.

Make Them Work for Their Money

Comparison shopping is one of the best ways to make sure that you get the best homeowner insurance rate. While you probably won’t get a company to compromise on their rate, you can still be certain that you find the best one available. The more quotes you get, the better your chances are at finding the best rate.

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