Tips to help you secure the right home insurance.
When it comes time to purchase your first homeowners insurance policy, you may not know where to begin. Admittedly securing the right coverage can be difficult, especially when you are under strict budgetary constraints. Fortunately, there are many things you can do to save when securing your first homeowners insurance policy. Here are some suggestions you should try.
- Do Not Procrastinate
If you know that you need to secure home insurance, it’s important to start shopping around right away. Waiting until the last minute to secure coverage will limit your policy options and could force you to choose a policy that is not right for your needs. Additionally, it’s important to remember that the cheapest insurance is not always the best. While choosing a cheaper policy might seem like a good money-saving strategy at the beginning, making a bad insurance decision could end up costing you thousands in the long run if your policy does not offer enough coverage to address your risks. Bottom line, if you need coverage, take your time and choose wisely.
- Establish Your Insurance History
Having an existing insurance history can unlock special discounts on your new policies. This is why you should do your best to establish a history now. If you plan to buy a home down the line, purchase a renters policy now. This will help you build up your insurance credibility. Additionally, if you lived with someone who had insurance (such as your parents) before buying your home, you can contact their insurance company to see if they will recognize the insurance history you established while living there. While this is not a guaranteed method of establishing an insurance history, there is a chance that your insurer will accept this reasoning.
- Contact a Westwood Insurance Agent
If you are purchasing a new home, Westwood is your number one choice for saving money, as you may be eligible for certain discounts that may not otherwise be available in the general market place. Some of these may include a new home discount, a new loan discount, a “builder discount”, as well as a mature credit. Bundling your home and auto may also provide additional savings and is something you should consider discussing with a Westwood Insurance Agent. Give them a call today!
These are some of the money saving tips that you should try when securing your first homeowners insurance policy. Are you looking for assistance with your homeowners insurance needs? For assistance with all your coverage needs, contact an insurance professional at Westwood Insurance Agency today.