For Your Clients: 4 Tips to Keeping Homeowners' Insurance Costs DownBy Stephanie Andre
RISMEDIA, December 2, 2010—Saving money has never been so trendy. Long gone are the days of irresponsible spending, so why be irresponsible with your homeowners insurance? Taking a little bit of time to research your options might just help you save a little in the wallet and put more in the bank.
Here are four tips from homeownersinsurance.net:
1. Shop around. Some insurance companies have been raising house insurance costs to recoup losses from the financial crisis. Others are competing for new customers by offering lower rates. By shopping around, people can find better deals on homeowners insurance.
2. Re-evaluate coverage amounts. Many policies have inflation protection provisions, which automatically increase coverage amounts. This was a good item in the years leading up to the crash, but today they should be looked at more closely.
3. Check personal credit reports. Homeowners insurance companies check credit history before figuring rates, similar to how lenders do. This is done to help them assess the risk of payment and likely individual responsibility. Check your credit report and make sure it’s accurate so you can get the best possible rate.
4. Small claims can become expensive. Homeowners should have the highest deductible they can comfortably afford and repair minor items out of pocket rather than filing a claim. Filing a claim for every broken window or leaky pipe can increase premiums by 10-15%.
Have any tips you would like to share?
The premiere coaching blog for realtors seeking success in the new real estate industry. Find the resources, tools, systems, & methods leading to the most successful career foundation. What consumers expect & how to deliver without sacrificing balance in your life!
Tuesday, December 7, 2010
For Your Clients: 4 Tips to Keeping Homeowners' Insurance Costs Down
Posted by Suzanne OBrien at 10:06 AM
Labels: Detroit Area Home Sales, Getting offers accepted, Michigan Realtors, Real Estate, Real Estate Coaching, Real estate news, Real Estate Trends, Realtor Training, REO, Working with buyers
Subscribe to: Post Comments (Atom)
- ► 2013 (10)
- ► 2012 (77)
- ► 2011 (113)
- ▼ December (6)
Post a Comment