There are many types of insurance that people are required to get; of all of these the homeowners insurance is the one that takes the most priority. The reason for this is rather obvious. For most of West Virginia, homes are the most valuable assets and there is therefore the need to cover them.
Since you find it a necessity to have homeowners insurance does not mean that you have to pay more than you have to. You can implement one of the following strategies and be able to save hundreds of dollars annually on your homeowners insurance.
You can start by making your home a much safer place. Take note that the possibility of accident prone lawsuits is part of the premiums. Fill in any potholes, cracked concrete, broken boards or decks and make sure that the rails are secure. Being able to reduce the possibility of them happening then you are able to reduce the rate of your premiums. You need to let your insurance agent know of any improvements that you make on your home to gain some discounts.
One of the most common claims made is for damage by water caused by a broken pipe. Find out from your insurance agent the amount of discounts that you can save by upgrading your pluming system.
You can also improve your premiums by making your home less burglar proof. You can install alarm systems, burglar proof doors, motion detecting flood lights, having lockable windows, cutting bushes close to the home etc.
Install smoke detectors and make sure that they have always fresh batteries, get a fire extinguisher, and install an alarm system that alerts the fire service company or police in case of emergency.
Make annual insurance payments instead of monthly ones, you could save a considerable amount by doing so. You can also get discounts by consolidating your insurance policies to one insurance company. This includes car insurance, life insurance, health insurance etc.
You can also save on the premiums by increasing your deductibles for the larger the deductible the fewer amount of premiums you will pay. Don’t make a lot of minor claims to your insurance company for the longer you go without making a claim the less your premiums will be.
Purchase your homeowners insurance from the internet. It allows you to compare the quotes of different insurance companies and you are able to pick the cheapest one of them.