Are you committed to bringing down your Colorado home owner's insurance costs by reducing your premium dollars? Then you've come to the the article you need. I'll share time-tested ways for anyone to attract the cheapest rate for their profile or coverage needs. And this will be without reducing the quality of coverage you get. Here they are...
1. Using the same insurer for more than one policy will get you discounts. This is called a multi-policy discount and is available with all insurers. Although you'll receive discounts for purchasing multiple policies from the same insurance company, you may save more by buying each of your policy from different insurers.
2. You can make your house almost disaster proof thereby lowering your risk and, as a result, your Colorado house insurance premium. You can do this by taking all the inevitable precautions against fire and burglary in addition to the following depending on where you live...
a. If you reside in a locality that's so prone to wind damage, you will save much by having storm shutters.
b. Using a heavier roofing material will reduce your risk factor thereby allowing you get more savings on your Colorado homeowner's insurance rates if you live in a windy area.
c. Retrofitting your home for earthquake protection.
d. For those who have trees on their properties, you'll save yourself in your Colorado homeowner insurance premium if you ensure that you cut off every dead or dry branch because these can easily lead to liability claims.
e. You'll also do well if you plant your trees at a safe distance from your structures for many reasons. A tree can aid burglars and their branches can also fall off and damage part of your structures. It could also lower the lifespan of your roof depending on the material it is made of.
If you're interested in other ways to make your home more disaster-proof, consult your agent.
Also discover the cost-effectiveness of each advice you get. You'll pay far less on your Colorado homeowners' insurance if you work with these.
3. It is more expensive and very unnecessary to insure the land on which your house is standing. Folks do this without knowing. They just insure their house for its full value without deducting the cost of the land.
If you made this mistake quickly call your agent and review your home insurance policy. Subtract the cost of the land and you'll find out that you will need far less coverage.
With such a review you will lower your rates by a huge margin and still have sufficient home insurance coverage. Bearing in mind that insurance is for things that can't afford to lose, insuring the land which can neither get lost or damaged isn't a smart move.
4. You will spend less if you take measures to improve the quality and strength of your roof. This is very true if you reside in the East where high winds are a major threat. If you want advice on how to strengthen your roof and enjoy discounts for doing so, discuss with your agent. One simple step to take is to add weighty shingles.
5. You may be paying much more if you have a government homeowner's insurance policy. It used to be extremely hard to get insurers if you reside in certain high crime areas or places that were affected by certain natural disasters. The only way out for such people then was to go to a government agency that sold government homeowner's insurance. However, at present there are many private insurers who also offer coverage for such places.
Depending on where you live, though, you might still have no other option but to stick with government homeowner's insurance. Nevertheless, this is not always the case as you may obtain better coverage at a cheaper price from some private insurers.
6. While you do these other things to reduce your home premium, here's something you can do to receive lower rates now. Visit good quotes sites and get quotes. Visit at least five of such for the best results. It's free, quick and easy. However, ensure you give your correct details as you complete the forms presented. The last step is to simply pick the quote that represents the best price/value from the quotes you receive.
Here are my favorite quotes sites (highly recommended)...
Get Affordable Home Insurance Quotes
Home Insurance Quotes In Minutes
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