Your home is undoubtedly the most important of all your possessions, and it should be your priority when contemplating what things to get covered. However, homeowners insurance rarely comes cheap, so we’ve come together to offer you some tips on how to save on your homeowners insurance premium if you are feeling the pinch:
Building Materials: If you’re renovating or building a new home and want to take measures to reduce your premium, consider the building materials available. Depending on the materials you opt for, and the environment in which your home is situated, you could save quite a bit. For example, using brick construction rather than a wooden frame structure could save you money if your property is located in an area where earthquakes and hurricanes often occur.
Location, Location, Location: You could save money depending on the exact location of your property. For example, if the house is situated in a safe, quiet area near to your local fire station, then your premium may be lower.
Reevaluate Your Valuables: If you bought additional insurance coverage for your valuables, be sure to keep track of their value and adjust the coverage amount as appropriate. If you neglect to do this, you may end up over-insuring your items.