Oncken Insurance Agency, P.C. Blog
House investments are often the biggest investment one makes. This investment is also the most valuable for a significant percentage of the population. As such, home insurance is a substantial and unavoidable expense.
Make Sure to Research First
Before selecting a home insurance company, it is vital to do research first. As a rule of thumb, be sure to obtain at least three options. Then, get quotes from these three companies. Quotations are usually readily available online. Also, you could opt to purchase them from your company employer, credit union, or by personally talking to an agent.
Aside from this, do a background check of the insurance companies you are deciding on. Make sure they have strong credit rates and low complaints relative to the company’s size. Researching will ensure that you get the best offer and value for the money that you will put out.
Seek and Obtain Discounts
Insurance companies offer plenty of rebates. This statement is especially true for new home construction owners, who can get up to 35% off. However, you could still get around a 19% discount on your policy if you buy home insurance from the same company where you obtained your car insurance. Upgrades, such as installing fire detectors and renovating your roof, could entitle you to insurance discounts. Do ask your insurance agent about possible discounts you may be entitled to obtain.
Increase Your Deductibles
On average, the higher the deductibles, the lower the insurance premium. Raising your deductibles 500 to 1000 dollars could lessen your insurance premiums by up to 25 percent. Only higher one's deductibles if you are sure you could afford it, or if you have an emergency fund.
Contemplate Flood Insurance
Think about getting flood insurance, especially if you live in an area prone to flooding or crazy weather conditions. Moreover, flooding is one of the disasters or events that cause the most damage to homes. Also, flood risk is soaring in recent years, even in areas that are not prone to flooding. Conversely, 20% of home flooding reports come from regions that are considered low or moderate risk. As such, taking the extra precaution of insuring your home from floods could save you a substantial amount of money.
At Oncken Insurance Agency, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (281) 256-8310. You can also request a free quote by CLICKING HERE.