When you buy a home, your lender will require you to carry home insurance in Huntsville, TX. Even after you pay off your mortgage, it’s worthwhile to maintain your homeowner’s insurance policy. While this is a necessary expense that goes along with home ownership, there are steps you can take to keep your insurance costs lower.
Use the Same Insurer
It’s a good idea to get a quote from the same company that provides your auto insurance. The reason this should be your first step is that bundling your home and auto coverage can earn you a discount right off the top. On average, bundling your insurance coverage can save you up to 15% on your monthly premiums.
Storm-Proof Your Home
If you’re looking for a renovation that will be a good investment, consider adding features that will make your home more resistant to natural disasters. This might involve adding hurricane shudders, reinforcing your roof, or lifting your home if you live in a flood zone. These changes can help you earn coverage discounts since you’ll lower the risks of damage to your house.
Think About Home Security
Talk to the provider of your home insurance in Huntsville, TX about updates that will make your home safer. For example, many insurance companies offer a 5% discount just for installing smoke alarms. More advanced equipment, such as a monitored home security system, can earn you higher discounts of up to 15-20%. Your insurer can tell you more about which specific equipment will earn you the highest discounts.
Finally, maintaining good credit and keeping your debts lower can also help you obtain more favorable insurance rates.
