Caroline Ashe Your Source in Augusta, GA Real Estate May 17th, 2012
Homeowners Insurance can make your head hurt! I’m not an expert on homeowners insurance, but I compiled a few helpful tips when shopping for a new homeowners policy.
BONUS - Homeowners Insurance Worksheet attached below. Be prepared when calling for a quote.
Your homeowners insurance policy should provide protection for your property to include the dwelling, other structures, personal property and the loss of use. You should have enough protection to rebuild your home and replace it’s contents. The policy should also protect you from the liability to others, for example if someone is visiting your home and is injured. Other considerations should be disasters, flooding and vacant properties.
Top Ways to Save on Your Premium:
- Consider Raising your deductible
- invest in a home security system
- update exterior locks and deadbolts
- install smoke alarms
- select an automatic payment method
- monitor your credit rating
- ask about multi-policy discounts
Homeowners Insurance and your Credit Score
Yourinsurance premium is calculated by many things including your credit score. Your credit score is used to determine how likely it is that you may experience a loss. Statistics show that the higher your credit score the less likely you are to have a claim and that indicates a low risk for the insurance companies, therefore you get a better rate. That’s good news for those with a good credit standing.
If you have any questions on homeowners insurance or just need a referral to a good agent, give me a call. I’m happy to help! Or you can always
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