A homeowner’s insurance policy can be a significant expense, especially if you live in a state or region that experiences severe storms on a regular basis. On average, an annual homeowner’s insurance premium ranges from about $300 to $3,000 per year, depending on a wide variety of factors. When shopping for insurance, there are several steps you can take to lower your premium and ensure that you are getting the best coverage for your money:
Insurance Policies That Save You Money
- Make home improvements. The more protected your home is, the less you will need to spend to insure it. Why? It is simply less likely that your property will be damaged. While improving your home comes at a cost, it can protect your possessions, make your family safer, and avoid the cost of rebuilding. Improvements range from adding storm shutters to updating your wiring and plumbing.
- Bundle your homeowners insurance with your car insurance. Many insurers offer packages of multiple insurance policies that can save you a significant amount of money. In some cases, you may save up to 15 percent by bundling your property insurance policies with your car insurance policies.
- Shop around. One of the most common mistakes families make when buying a homeowner’s insurance policy is to go with the first company they contact. While getting estimates from several competitors can take a bit more time, it can also save you a significant amount of money in the long run.
- Ask about discounts. Aside from some of the discounts mentioned above, many major insurance companies also offer a number of other money-saving offers. For example, some insurance companies offer discounts to seniors, who are home more often and who invest more time into maintenance.
By doing some research, making small improvements to your home, asking about all possible discounts, and simply shopping around, you can find an affordable policy for your property in Texas. To learn more about insurance claims or about taking legal action against your insurance company, contact The Voss Law Firm today, or download our free book about disputes with your insurance company.
