Dallas Residents At Risk

Homeowners Insurance

Keep an Up-To-Date Homeowners Policy for Better Protection

Homeowners InsuranceIt’s very easy to simply continue sending payments after receiving a renewal notice from your insurance company. In fact, your insurer probably hopes you’re too busy to do anything different. However, you’d benefit more from using that notice as a yearly reminder to review your homeowners insurance policy.

A year is a long time in which many things within your home can change. Perhaps you decided to redecorate or build a deck out back. With additions such as these, it’s a good idea to double check that your policy offers the right amount of coverage for your home. Each time you review your policy, make sure that all of your information (name, address, coverage amount, etc.) is listed correctly. Typos can occur, but your contract with your insurer is binding when it comes to filing claims. The best way to gain peace of mind is to ensure that your home and personal assets are well-protected. Find here www.freedommentor.com a free homeowners insurance quote today!

4 Ways to Save on Homeowner’s Insurance

Homeowner’s insurance is a necessity for every homeowner. Nearly all mortgage companies can’t provide a loan or finance a residential real estate deal if proof of coverage for the entire value of the home can’t be provided.

Home insurance can be costly especially for people who live in high-risk areas like properties near major waterways or along earthquake fault lines. If you live in these high-risk areas, you’ll pay more for coverage. You may even be required to pay premiums that are higher.

Though you can’t avoid buying insurance, there are several ways to reduce its cost. Here are a few tips to ensure you get the best coverage without paying for more:

Install smoke alarms and other security devices or systems.

Install a security alarm monitored by a central station or that’s directly tied to your local police station because it will help reduce your premiums by 5 percent or even more. To get a discount, you must provide central monitoring through a bill or contract with the insurer.

Most homes nowadays have smoke alarms. Installing smoke alarms can help save you 10% or even more in your premiums. Most importantly, smoke alarms can save lives.

Increase your deductible.

Homeowners-InsuranceJust like your health or auto insurance, you’ll pay a lower annual premium if you choose to pay higher deductibles. But the issue with increasing your deductible is that smaller claims or problems one has like damaged drywall or leaky pipes, which will only cost a few hundred dollars in repair, will likely be absorbed by the homeowner.

Ask about multi-policy discounts.

Many people are not aware that they can save more through the discounts they can get. A lot of insurers give a discount of more than 10 percent to those who maintain other contracts with them. For instance, if you have bought auto insurance from a particular company, you might as well get have your home covered with them also.

Plan ahead if you want to add another structure.

Before even planning of constructing an addition to your home or another adjoining structure to the home, you should also consider the materials that you’re going to use. Usually wood-framed structure will cost more to insure because they are risk to fires. Constructions that are made of cement or steel won’t be more pricey to insure because they are less likely to get damaged by fire and all other elements.

How to Obtain Homeowners Insurance Without a Credit Check?

If you are in the market for homeowners or property insurance be prepared to have the insurance company assign you a credit and claim score to help determine your premium.
This is sometimes referred to as an insurance score and is comprised of primarily 2 things
1. How well you manage your finances (Credit)
2. Your claim history

home-insurance-This article will primarily deal with the credit part of your insurance score.
Years ago in the late 1980′s insurance companies discovered a correlation between financial stability and risk. There was a comparative study done between a persons credit ratings and the type and number of claims filed.
The study showed that people with a lower credit score tended to file more claims than individuals that managed their finances more responsible. That was the beginning of insurance companies using credit to determine a persons auto and or homeowners premium. Over the past 20 years this theory has proved true. Until recently (the past 7-10 years) if you had a lower credit score and were trying to obtain new homeowners insurance you could expect to pay as much as 50 percent more annually for your policy for at least a time, until you improve your credit rating.

If you already are insured that company can not increase your premium because of a low credit score or move you to a high risk company based on your credit score.

How to obtain homeowners insurance without a credit check?
There are still a few independent insurance companies that do not use a credit based insurance scoring model to determine your homeowners insurance premium. These are known as specialty insurance companies.

These are not high risk insurance companies as some people may think but companies that have figured out how to competitively price their products to offer a fair value to consumers who may not otherwise qualify for the preferred or standard homeowners insurance market.

The best way to locate such a company is NOT TO DO A Google search for No Credit Check Homeowners Insurance Companies. This will just result in finding a lot of insurance companies and marketing companies that can’t help you but pay a lot to rank high for the phrase.
Contact a local independent insurance agent and ask if they represent homeowners insurance companies that do not check credit. Using independent agents does not cost you a dime and chances are you will end up with an affordable premium from a reputable company.

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