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Thread: Insurance Tips For Homeowners

  1. #1
    Join Date
    Nov 2009
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    76,596

    Default Insurance Tips For Homeowners



    1) Maintain a Security System and Smoke Alarms: A burglar alarm that is monitored by a central station, or that is tied directly to a local police station, will help lower the homeowner's annual premiums, perhaps by 5% or more. In order to obtain the discount, the homeowner must typically provide proof of central monitoring in the form of a bill or a contract to the insurance company.

    Smoke alarms are another biggie. While standard in most modern houses, installing them in older homes can save the homeowner 10% or more in annual premiums. Of course, even more importantly, in case of fire, they could save your life!

    2) Raise Your Deductible: Like health insurance or car insurance, the higher the deductible the homeowner chooses, the lower the annual premiums. However, the problem with selecting a high deductible is that smaller claims/problems such as broken windows or damaged sheetrock from a leaky pipe, which typically will cost only a few hundred dollars to fix, will most likely be absorbed by the homeowner.

    3) Look for Multiple Policy Discounts: Many insurance companies give a discount of 10% or more to their customers that maintain other insurance contracts under the same roof (such as auto or health insurance). Consider obtaining a quote for other types of insurance from the same company that provides your homeowners' insurance. You may end up saving on two annual policy premiums.

    4) Plan Ahead for Construction: If the homeowner plans to build an addition to the home or another structure adjacent to the home, he or she should consider the materials that will be used. Typically, wood-framed structures (because they are highly flammable) will cost more to insure. Conversely, cement- or steel-framed structures will cost less because it is less likely to succumb to fire or adverse weather conditions.

    Another thing that most homeowners should, but often don't, consider is the insurance costs associated with building a swimming pool. In fact, items such as pools and/or other potentially injurious devices (like trampolines) can drive annual homeowners' insurance costs up by 10% or more. This may seem like a small price to pay given the joy these items bring, but it is still something that should be considered by the homeowner prior to purchase or construction.

    5) Pay Off Your Mortgage: Obviously this is easier said than done, but homeowners that pay off their mortgage debts will most likely see their premiums drop. Why? The simple reason is that the insurance company figures that if you own the home outright, you'll take better care of it.

    6) Make Regular Policy Reviews and Comparisons: Investors should, at least once per year, compare the costs of other insurance policies to their own. In addition, they should review their existing policy and make note of any changes that might have occurred that could lower their premiums.


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    Keywords:Security System , Smoke Alarms,burglar alarm, local police station, homeowner, annual premiums, insurance company, modern houses,health insurance ,car insurance, broken windows,damaged sheetrock,leaky pipe, Policy Discounts, policy premiums, mortgage ,Policy Reviews

  2. #2
    Join Date
    Apr 2013
    Location
    Mumbai, India
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    Default

    That indeed is helpful to know that why one should Insure a house

  3. #3
    Join Date
    Apr 2013
    Location
    Mumbai, India
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    Default

    Hey there,

    Want to share that ACC Cement, India's RMC Ready Mix Concrete The admixture compatibility basis the type of admixture, minimum water reduction required, retention time required and details of mix design for each area. The aim is to conduct concrete trials on two cements with one lower grade and one higher grade, and to record data pertaining to dosage of admixture , slump, initial and slump retention , air content and compressive strength.
    Last edited by simba1211; 09-30-2015 at 10:59 AM. Reason: Spelling

  4. #4
    Join Date
    Apr 2013
    Location
    Mumbai, India
    Posts
    408

    Default Buy the Best

    After so many info on how to have a good insurance for home .
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