How to Get The Lowest Home Owner’s Insurance Rates

Now that we’re experiencing climate change at an increased rate, we’re starting to see violent weather popping up sporadically and wreaking havoc on homes. But that’s just one of the many reasons you should be sure to get a strong insurance policy. If you’re entertaining Missouri home insurance, here are some tips you can use.

To make sure that you are paying the lowest amount on your homeowner’s insurance, compare the cost of your insurance policy to another company’s policies at least once a year. You should also review your existing policy and mark any changes that may have occurred which could lower your premium.

You can lower the cost of your homeowner’s insurance by doing two things. First, install a security system. You could see a reduction in your yearly premium of up to five percent. Note that you must give your insurance agent some sort of proof for the change in policy to occur, like a copy of the contract or the first few bills. You can also install working smoke alarms. This can save you around 10%.

TIP! Regardless of whether you’re at high risk or not, flood insurance could be a good idea. Approximately one-fourth of flood claims happen in areas outside of flood zones.

A family brings different homeowner insurance requirements, especially as people move in or out of your house. Look over your policy again to check on coverage for different valuables. You can ask for a rider for specific items if you want, so they are theft-protected.

Flood Insurance

You may think you don’t live close enough to a body of water to have to worry about flood insurance…but think again. Before you decide you don’t need it, assess the flood risk for your geographical area. You will be surprised at the unexpected parts of the country which have experienced floods in the past year or two, and if you live in or near on of these areas, flood insurance may be right for you. FEMA.gov is one site that provides information on flood risks for all parts of the U.S.

Consider asking your insurance agent for a home owner’s policy review once you reach the age of 55. Many insurance companies offer a senior citizen discount. Find a company that does if yours does not.

TIP! If you’re in a living situation where roommates are involved, you need to check your insurance policy to learn whether their belongings are covered. While some insurance policies will cover anything and everything under the roof, yours might limit coverage solely to your belongings.

Make sure that every exterior door on your home has dead bolt locks. Depending on your insurance provider, this might lower your home owner’s insurance premiums slightly. They also make a great deterrent against would be thieves or other intruders. They are inexpensive to install and a great way to keep your home safe.

You can lower your annual premium by 5% or more with the simple installation of a monitored security alarm. Whether it is connected directly to your local police station or the security company, this type of alarm saves property and people and will also save you a lot of money. Look for promotions from the major alarm system companies or call them directly to possibly negotiate a good deal.

Make sure that you use these home-based insurance tips when you want to check out a policy. These tips illustrate what you need and what you should expect from any insurance policy out there. You will need ample coverage on your home, but you also want to save some money. These tips will help you find the best of both worlds.

If you wish to buy homeowner’s insurance, install a security system. This will reduce your premiums by as much as five percent! Your system should have a central station with video cameras to guarantee that any burglaries are documented so the insurance company will be able to review the media.

For insurance quotes call 314-569-1010 or visit: Midwest Insurance

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