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  • How to save on homeowners insurance

    As you are considering buying a home, there are a few expenses besides your mortgage you should keep in mind.

    You can still save on homeowners insurance without sacrificing your coverage.Closing costs, appraisal fees and home inspection charges are common payments you have to make, but one area that may be overlooked is homeowners insurance. This coverage will help you in case your home is damaged after an accident, but these payments can be a bit expensive. There are plenty of ways you can save on this cost while still getting the same level of coverage, including:

    Disaster-proof your home
    An insurance agent will knock down your coverage by a few dollars if they see that your home is properly equipped to withstand a disaster. This can be done by weather-proofing your home. You never know when disaster will strike, so doing this can be beneficial to your checking account and your safety. You can prepare your home for a possible accident by installing thicker windows, trimming tree branches that are near windows or even stocking up on supplies when your power goes out. Even little measures like taking down fixtures like pictures that can injure someone can go a long way in saving you money on this insurance coverage.

    Along with weather-proofing your home, you can add a few more safety precautions. Durable locks, smoke alarms and a home security system will show that your home is well-protected and insurers may cut your payments down a little.

    Keep track of your belongings
    If your home suffers damage brought on by a storm or fire, your insurance coverage will assist in paying for the damages and recoup any lost items. While this can be comforting, your insurance company will only pay for items you have documented. Companies do this because they do not want you to claim that you owned expensive items out of the blue. To help you out during this process, make a list of all your valuables in your home. It can be helpful if you keep receipts and take photos of your items as well.

    Geographic location
    When you are considering what type of insurance coverage you are going to get, keep in mind the location of your home. If you live in the middle of the country, you probably don't need to get hurricane insurance for your home. This is all a case-by-case basis for where you live, but you can save money by signing up for only a few types of coverage.