There are several things you can do to save money on your Houston homeowner’s insurance policy.
- Shop several companies. The rate may vary by hundreds of dollars for a similar policy.
- Get your home and auto insurance with the same company. This will usually give you extra discounts on both policies.
- Consider a higher deductible. A high deductible can reduce your cost by as much as half. But make sure your lender will accept the higher deductible and that you are comfortable with the increased risk.
- Stay with the same company. There is often an extra discount after several claim free years with the same insurer.
- Get a monitored home alarm system. Most insurers have a discount for this.
- Ask about other discounts. Do business with an agent that you trust. Ask your agent what other discounts you may qualify for.
- Be sure that you have sufficient coverage. What type of policy do you have (HOA, HOA modified, HOB, or other)? What exactly is covered? Is this the right type of policy for you? Is the home insured for enough to rebuild with quality materials if it is destroyed? Do you have enough coverage for contents and do you have “replacement cost” valuation? Do you have a high level of liability coverage? Is there coverage for loss of use if you have to live elsewhere while you home has repairs from a covered loss? Does the company have a strong financial rating and a good claims department? You don’t want to save by having inadequate coverage or an unsuitable policy.
Texas residents can get more information from my Houston homeowners insurance website. Or call my office at 281-537-2700.
Lamb Insurance Agency, (Farmers Insurance) Auto, Home, Life, and Business Insurance for Texas - http://farmersagent.com/glamb/
or visit or landlords site at Landlord Insurance Houston
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