Homeowners insurance in Athens, Ga is one of the most important policies that a home owner can have. This policy basically indemnifies you against damage to personal property (that may result from risks such as fire, burglary and theft) or liability as a result of accidents that might occur in your home.
To get you started, here are some important tips on how you can get cheap homeowners insurance:
1. Make your house risk free
Homes that have protection against certain risks usually attract the least premium. A homeowner whose house is next to a fire station or one with fire sprinkles for example, pays less premiums for fire insurance.
Simple changes such as installing a functional security system or having better locks can convince your insurance company to reduce the premiums you pay.
2. Eliminate covers that you don’t need
Different policies have different level of coverage.
If you are confident that your home does not need cover for certain risks, then you can ask your insurer to eliminate them from your comprehensive cover.
The downside of this however is that if the risk were to occur, then you’ll cover the expenses all by yourself.
The upside: you’ll make significant premium savings by eliminating covers (such as volcanic eruption, lightning, riot, and windstorm) that you might not need.
3. Do your homework
A little research can go a long way.
You might end up paying huge amounts on extra commission and renewal charges if you choose the wrong insurer. Find out the insurer that charges the least premium for the most comprehensive level of coverage.
4. Calculate your valuation wisely
High valuation results in higher premiums.
Eliminating the cost of land in a burglary cover, for example, will translate in fewer premiums paid. Including this cost on the other hand, results in higher premiums yet the land itself will never be stolen!
5. Increase your deductibles
Deductibles are the costs you cover, over the claims your insurance company pays, once a risk occurs.
Increasing the costs you are willing to cover reduces the premiums you pay.
Getting cheap homeowners insurance is not that hard. If done right, saving on homeowners insurance can vary by hundreds of dollars.
Welcome to our blog! We hope you enjoy it.