How To Pay Less For Home Insurance

Home insurance is crucial not only to your financial planning

, but to your peace of mind. Home insurance is a wise financial investment because it protects your home and personal property against those moments you can't control. Home insurance typically provides coverage against house damage and loss to your personal property, as well as coverage against liability if someone is injured on your property. So, how can you find good Scottsdale home insurance at affordable rates?

First, before you start shopping for home insurance, get a home disclosure report (if you're shopping for a new house) or a CLUE (Comprehensive Loss Underwriting Exchange) report if you have been in the house for a while. The home disclosure report reveals any problems about the house. Home insurance companies are very cautious of, and could even refuse to offer coverage for, houses with water damage or that have indications of structural damage. The CLUE report contains about five years of homeowners' house insurance claims, types of losses and the amounts paid. The CLUE report tells other insurance companies about your claim habits and insurability.

Second, don't claim the small stuff against your home insurance. Keep your home insurance rates affordable by not claiming minor accidents and damage. If the house incident will only cost a few hundred dollars above your homeowners insurance deductible, pay for it yourself. Ultimately, this saves you money by keeping your insurance rates lower.

Third, raise your home insurance deductible. The current house insurance deductible is $500.00. But, if you can afford to pay $1,000 out-of-pocket in the case of a house emergency, increase your homeinsurance deductible. This can significantly save you money on your insurance rates, and keep the rates more affordable.

Fourth, when you gather home insurance quotes, know your house rebuilding costs. The price you paid for your house included the property. The actual rebuilding of the house is lower. Be careful that the homeowners insurance quotes do not include the property when it is talking about rebuilding the house.

Fifth, bundling your auto insurance policy with your home insurance policy is another good way to obtain a discount on both your house insurance and your auto insurance. A good home insurance company often offers top quality auto insurance, as well. When one insurance company carries both policies, you can often save money with discounts on both policies. Have your insurance agent give you insurance quotes for the house and auto, so that you can compare the prices with other companies.

Sixth, maintain good credit. Keep paying your bills in a timely manner. Don't carry large credit card balances. Home insurance companies view people with good credit as good people to insure. People with worse credit are likely to lose discounts and pay higher home insurance rates.

Seventh, search online and compare house insurance quotes. Many top home insurance Scottsdale and home insurance Phoenix companies give homeowners insurance quotes online. So, go online and compare. Armed with this information, you should be able to find good, affordable, progressive insurance!

by: Kenneth Ranks

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