If you carry home insurance on your house, when's the last time you read up on the fine print? If it's been a while, it might be a good idea to take a look at your policy in advance of the holiday season. The holidays are a fun time of year, but they are also a time when unexpected things can occur. Here are some of the potential situations that may arise and why you might want to contact your home insurance provider before anything actually does happen.
While shopping around does help save money on homeowners insurance, there are other ways to reduce these costs even more. For example, if your home has security and protection features, your insurance provider could offer you additional discounts. They know that enhanced security reduces the chances you'll have to make a claim.
What kinds of security will get you a discount?
1. Protection Against Theft
The more secure your home is, the harder it is to burgle.
As an insurance broker, you had to go through intense training and pass an exam in order to obtain your license. All of that hard work surely paid off, but that doesn't mean that you're done learning about the insurance industry. Most insurance brokers complete a number of continuing education (CE) hours each year. In some cases, it is required, while in other cases a broker may voluntarily complete the classes.
When purchasing auto insurance, you might not really be used to paying attention to the actual policy paperwork. After all, auto insurance policy paperwork can seem to be a lot to have to read, and you might assume that you will not understand the various terms that are used in the policy, either. However, after purchasing a new auto insurance policy, it is important to look over the policy for these reasons and more.
If you are buying your first home, one of the requirements of your mortgage lender is that you need to have homeowners' insurance. If not, your mortgage won't be approved by your lender. It helps to know these 3 things about your homeowners' insurance options before you decide on a policy.
1. Your Deductible Impacts Your Premiums in a Big Way
You will have to decide on what kind of deductible you want for your homeowners' insurance policy, which is how much you pay before your insurance provider will start paying the difference.