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Homeowners Insurance

How To Get The Best Price On Homeowners Insurance

By | Homeowners Insurance | 2 Comments

Here’s something you don’t see every day. A new homeowner.

Yes, of course, we recognize that the homeownership rate in the United States is still above 60%. But, if you’ve been keen lately, you’ve probably noticed the slight but steady uptake dip. People are not buying homes as they previously did.

Source: Statista

So congratulations for joining the big league of homeowners. That’s one increasingly admirable feat, to say the least. For what it’s worth, we share your excitement.

And let’s be honest here, you’ve probably never been this exhilarated before. I mean, people work their backs off to get to this point.

That’s why it’s pretty understandable that some things might have slipped through the cracks. Those negligible details like homeowners insurance.

Apparently, that’s unimportant for now. Or so it seems. Because there are possibly other more important issues to handle as you settle down.

More paperwork is seemingly the last thing you need right now. But wait until you see a rather disturbing trend by the end of the year. More than five of your 100 neighbors will have filed insurance claims for various losses.

If you’re a mortgage buyer, on the other hand, the situation is quite different. You don’t have the luxury of ignoring a homeowners insurance. Because lenders are not willing to risk their investment.

Believe me, we’ve heard enough stories about last-minute frantic phone calls to insurance providers. And they mostly never end well for buyers. Because what’s more profitable to insurance companies than desperate buyers in a hurry?

Then there’s that category of homeowners who’ve been patient and diligent enough to clear their mortgages. Well, here’s a double toast if you’ve achieved that.

It’s an accomplishment to move into a mortgaged home. It’s another thing altogether to brave it out and make all the payments.

And the best thing is? No one is looking over your shoulder anymore to compel you to maintain the insurance coverage. The last thing you need right now is more bills.

But, here’s the kicker. While shaving off your bills is commendable, opting out of homeowners insurance coverage actually leaves you vulnerable.

Of course, you might not have seen any serious property damage within your neighborhood. For as long as you’ve been making mortgage payments. So, why should you get worried about possibly inexistent risks?

Fair enough. But then again, consider this. It takes only one disaster to render you completely homeless.

We’ve seen even the most unexpected events. Situations that previously only featured in storybook tales. Like the 2013 sinkhole that opened up and swallowed an entire home.

Now, imagine paying a mortgage for all that time, only for the ground to open up and take everything away.

All in all, here’s the point. You’re still a homeowner regardless of your category. And risks are always imminent. Waiting right by the corner.

Michigan’s average premium rate of $1,073 is slightly lower than the nation’s $1,288. But it’s still beyond what most individuals might consider reasonably comfortable.

Especially if you’re within Detroit area, where it’s almost double at $2,038.

Source: Insurance

Well, it must feel good that the State doesn’t treat this like auto insurance. Since it’s not compulsory at all. Hence the persistent temptation to save yourself the cash.

Undeniably, this is the reason why half of the homes in high-risk areas, according to FEMA, are not even insured.

I’ll tell you what though. We’ll approach this differently.

The truth is disasters will always occur. And the best way to protect your hard-earned home investment is insurance.

So I’ll show you how best to do just that. Through a home insurance buyers guide that helps you secure the most ideal coverage.

Let’s jump right in.

Appraise Your Home

As you start searching, here’s something you should expect. Each insurance company will talk a big game about providing adequate protection for your home.

Now, this is one thing agents in Michigan are particularly skilled at. They’ve worked around even the most doubtful buyers. You might find yourself purchasing a seemingly comprehensive policy right off the bat.

And the most interesting bit? We’ve seen buyers who get so absorbed into the whole price comparison that they forget another critical bit. The final possible insurance payout in case of complete loss.

Not everyone falls into this trap though. There are some who’ve proven to be more analytical. But only to a limited extent.

They seek information about their respective liability limits. And they leave it at that. Forgetting the other equally crucial half.

It’s impossible to adequately insure a home if you don’t know what you’re protecting in the first place.

A homeowners insurance essentially safeguards the value of your home. That’s why a payout is always tied to the corresponding property value.

Usually, insurance providers will always do property value assessments. But don’t let it blind you.

Their math is always skewed to analyze their potential profits. That makes it the worst source of reliable information.

Before everything, therefore, the buck should start with you. Start shopping only after you’ve conducted a comprehensive appraisal of your home.

Naturally, you might think of proceeding with your home’s previous buying price. But that could also be inaccurate.

All properties in Michigan have always been subject to varying appreciation and depreciation rates. Over the past year, for example, home values have shot up by 8%. Consequently pushing the average value to $153,000.

If you thought next year could be the same, here’s the shocker. Predictably, the appreciation rate will adjust even higher to 9.2%.

Source: Zillow

The only way out of all this confusing math is consulting a professional appraiser. They should subsequently conduct a detailed independent valuation of the entire property.

The corresponding report should be done by the time you start worrying about how to find homeowners insurance. That is your ultimate reference authority through the whole shopping process.

Determine Specific Risk Factors

Ok, you now know the value of what you’re protecting. But do you have an idea of what you’re protecting it against?

We’ve might have advised that any unexpected disaster could occur. But don’t take that too literally.

Otherwise, every home would be insured against possibly everything. Consequently making homeowners insurance premiums much more expensive.

A reliable way to minimize your resultant premium is limiting the covered liabilities.
Unfortunately, this is easier said than done. If you opt out of way too many liabilities, you end up with cheap but inadequate insurance. That’s how 64% of homes have ended up uninsured.

This, to say the least, is a rather complex analysis of probabilities. The only way to get the economics right is achieving that delicate balance between insurance cost and possible risk factors.

And the first step is always historical analysis.

According to the U.S. Fire Administration, house fires are quite rampant in Michigan. Despite increased efforts by fire departments, properties are still destroyed by fire, and people continue losing lives.

Source: USFA

In 2017 alone, the news media reported 79 home fire fatalities. This makes Michigan, along with Alabama, the leading states in deadly home fires.

The situation is even worse when we zero in further on some of the cities in the state. Detroit, for instance, is placed topmost above 100 cities with the highest home fire risk. It’s so dire that nearly a fifth of its residents have already experienced fires in homes.

What does this tell you?

Basically, if there’s a place you should start, then it has to be fire liabilities.
But this barely scratches the surface. There are many more risk factors which are specific to particular cities. And they start varying when we focus on precise neighborhoods.

Even after all that, the assessment becomes more complex. Because we also review future forecasted patterns of weather and social trends. That’s the best way to make conclusive reports on actual foreseeable risks.

Shop Around And Compare Multiple Policies

General shopping is already too cumbersome for many people. It takes up a lot of time to sort, even when you’re conveniently doing it over the web.

Well, that pretty much covers typical shopping with all information readily available.
Now, switch to insurance providers and you’ll probably end up with a headache.

The whole thing would be much easier if we had a single comparative chart. But insurance companies have always withheld such critical information.

As a result, you’ll be forced to contact them individually to seek any information. And that’s just the first part. Because you should subsequently compare everything to make an informed choice.

Makes sense why homeowners find this whole process to be very challenging.

That said, it’s still critically important. Especially if you want the best possible policy for your home.

Try contacting a couple of providers for starters. And you might notice that homeowners insurance is not as competitive as auto insurance.

Needless to say, the cost variations can be pretty wide.

Bankrate confirmed this after sampling 15 U.S. cities including Michigan’s Grand Rapids. They contacted various providers for quotes on varying property scales. Then worked out the average at the end to table conclusive results.

And they were astonishing. In every sense of the word.

Some quotes differed by as much as 188 percent. In Grand Rapids, the difference between the highest and most expensive quotes was 55%. Yet Bankrate had only approached three providers.

Source: Bankrate

Evidently, one thing’s for sure. The more you shop around, the better the deal you ultimately settle for.

Understand The Policies

All things considered, shopping around is not just about the cost. You should also focus on the respective policy details.

That’s precisely where the devil is always hiding. As a matter of fact, it’s impossible to comprehensively assess the cost without reviewing underlying policy details.

Unfortunately, the review process is not that simple. The fundamental problem is that the language that insurance companies use for their policies.

Technically, they are all in English. But they might read like some form of an alien dialect because of all the complex phrases.

Words like riders, sub-limits, actual cash value, replacement cost, and deductible are just a tip of the iceberg. There are many more where these come from.

And the worst thing is? Overlooking one simple term could make all the difference in your homeowners insurance.

Sadly, many individuals have fallen victims in the past. Only to be stunned by legitimate rejections when they filed their claims.

Simply put, there’s no way out of this. You have to fully understand all the policies to make an informed decision. And that includes the often-skipped fine print.

Thankfully, there’s a translator that can save you all the trouble. Just talk to a reputable independent insurance agency. It really is that simple.

Conclusion

To recap:

● The homeownership rate in the United States is still above 60%.

● By the end of the year, more than five of your 100 neighbors will have filed insurance claims for various losses.

● While shaving off your bills is commendable, opting out of homeowners insurance coverage actually leaves you vulnerable.

● Michigan’s average premium rate of $1,073 is slightly lower than the nation’s $1,288. But it’s still beyond what most individuals might consider reasonably comfortable. Especially if you’re within Detroit area, where it’s almost double at $2,038.

● Half of the homes in high-risk areas, according to FEMA, are not even insured.

● Start shopping only after you’ve conducted a comprehensive appraisal of your home.

● Over the past year home values have shot up by 8%. Consequently pushing the average value to $153,000.

● The only way to get the economics right is achieving that delicate balance between insurance cost and possible risk factors.

● According to the U.S. Fire Administration, house fires are quite rampant in Michigan

● Detroit, for instance, is placed topmost above 100 cities with the highest home fire risk.

● In Grand Rapids, the difference between the highest and most expensive quotes was 55%.

● Shopping around is not just about the cost. You should also focus on the respective policy details.

How did you shop for homeowners insurance before?

Did you find anything that I forgot to mention? Let us know in the comments below.

Ultimate Progressive Insurance Review

By | Auto Insurance, Homeowners Insurance | 2 Comments

To beat the rising auto and homeowners insurance rates in Michigan, some of your friends might be switching to smaller insurance providers. Others are advising you to stick with the big players to enjoy optimal protection.

But how good are the leading companies? Are their rates proportionally fair to Michigan residents? How satisfied are their customers?

To help you out, let’s start by looking at Progressive Insurance. Having been around for a couple of decades now, it sure is one company that many consider when it comes to homeowners and auto insurance in Michigan.

So, what is it all about? Does it offer products that would suit your needs?

Overview

Headquartered in a Cleveland suburb called Mayfield Village, Progressive Insurance has grown through the years to become a major industry player.

It may currently seem like a relatively young corporation in auto and homeowners insurance spaces. Its journey started as early as 1937 as a privately-held company. Then remained so for a couple of decades.

It was not until 1971 that the Ohio-based insurance provider finally went public, consequently opening doors for new opportunities.

What followed for the next couple of decades were remarkable changes that revolutionized the entire insurance industry. Progressive Insurance’s innovative genius started introducing new customer service approaches throughout the 90s and into the 2000s.

And people loved them. Customer engagement strategies like availing quotations both online and over the phone were first practiced by the company.

While competitors struggled to catch up, Progressive Insurance further made it easier for consumers to compare rates across the board.

They had begun delivering their insurance quotations alongside their competitors’ rates.

Of course, nothing is as effective as this in assuring the fairest rates. So the provider’s accelerated growth came as no surprise, as its popularity peaked among consumers.

It has since managed to maintain a secure foothold in United States’ insurance market, including Michigan. As of 2015, the corporation boasted a significant market share of 8.8%.

With just three companies enjoying larger shares, Progressive Insurance is currently the fourth largest auto insurance company in the U.S.

Source: InsuranceJournal

While this survey only covers auto insurance, Progressive is a dynamic corporation that has ventured into other multiple types of insurance coverage.

Types of Coverage Provided By Progressive Insurance

Other types of insurance coverage you can get at Progressive are:

Classic car insurance

● Umbrella insurance

● Business insurance

● Segway insurance

● Travel trailer insurance

● Snowmobile insurance

Motorcycle insurance

● Personal watercraft insurance

● Recreation vehicle insurance

● Golf cart insurance

● All-terrain vehicle insurance

● Boat insurance

● Commercial auto insurance

● Health insurance

● Life insurance

● RV insurance

● Renters insurance

● Homeowners insurance

Quite a solid list of offers. Progressive Insurance has essentially focused on four wide fields- auto, health, life and homes.

Thankfully, they are all available to Michigan residents, including auto and homeowners insurance.

So, where exactly is the company stationed?

Progressive Insurance Locations

Progressive Insurance is yet to place concierge service centers in every state. Only 25 states, including Florida, Arizona, California, and New York, host them.
Michigan has two- in Sterling Heights and Livonia.

These centers serve as the principal points for a variety of consumer services including auto drop-off and pickup, claim adjusting, and more.

That said, don’t be quick to dismiss the company if you don’t live in any of these locations. Fortunately, the insurance provider also considers customers beyond the precincts of the 60 concierge service centers.

Through a map on the main site, you can find a local repair facility that has been adequately certified by the provider to offer concierge services. There are several spread over Michigan.

Customers can also file their claim paperwork, and subsequently track them through these local agents.

Alternatively, you can engage an independent insurance agency in Michigan to help you with each of these processes.

Progressive Insurance Features

To maintain a competitive edge against other insurance companies, Progressive Insurance offers a wide range of unique features.

While many of them are open to all types of coverage, some are specifically tailored to their corresponding policies.

Some of the main ones include:

● Google Assistant Capability: If you have a Google Home device, you don’t have to always call the company to seek clarifications on their policies. Progressive Insurance has integrated a digital voice assistant into the device to help you with this.

Simply ask a relevant insurance question and it will revert.

● Snapshot Mobile App: Although not yet available in every state, Snapshot is changing how drivers manage risks. Signing up for the app allows it to monitor your driving habits, and provide detailed information.

You’ll be able to assess how you’ve been driving, nature of all your trips, plus generate additional custom data.

● Progressive Mobile App: The company has also developed its own mobile app to help its customers conveniently track service centers, and report claims.

● Comparison Feature: As we’ve mentioned, the company created a huge impact in the industry by providing comparative rates. So it only makes sense to refine this concept and provide the feature through the main site.

You can compare your quotes with corresponding rates charged competitor providers.

● Name Your Price Tool: This feature reverses roles in the quoting process. Instead of crunching numbers and calculating discounts, you simply enter what you’d like to pay for your coverage.

After answering a couple of queries, you’ll get a range of coverage options in line with your needs.

Sounds interesting. But, does this come at an extra cost? What should you expect to pay when you proceed with Progressive Insurance?

Are they generous enough to offer attractive discounts?

Progressive Insurance Pricing and Discounts

For a company which controls a market share of 8.8%, Progressive Insurance has to have competitive pricing for its covers.

There is a wide range of covers priced differently according to your specific condition and any corresponding discounts. While some may turn out to be slightly costlier than the closest competitors, most of the premiums are predominantly cheaper.

Take, for instance, average premiums for different driver profiles.

Source: ValuePenguin

Even when your estimated quote is the lowest around, your premium might still drop further. Because of the sheer number of discounts on offer, you’re bound to qualify for one. Or several if you’re a low-risk customer.

Some of the main ones include:

● Bundle Auto and Property Discount: For customers who buy both auto and homeowners insurance policies from Progressive Insurance.

● Teen Driver Discount: For customers who add their teenage kids as drivers to their policies.

● Good Student Discount: You qualify for this if you have a student on your policy who maintains at least a grade “B” in school.

● Automatic Bill Payment Discount: Applicable to individuals who set up recurring automatic remittances to repeatedly renew their policies.

● Pay in Full Discount: For customers who proceed to pay for their annual policies in full, instead of remitting cash on a monthly basis.

● Sign Documents Online Discount: For customers who choose to sign their insurance papers online, as opposed to doing it physically.

● Continuous Insurance Discount: For customers who maintain continuous insurance covers without any breaks. It also extends to individuals who were previously insured by other companies.

● Homeowner Discount: For customers who own homes, even when they are insured by other companies.

● Multicar Discount: For vehicle owners who insure several cars with the company.

● Safe Driver Discount: For drivers who’ve gone for three years without traffic accidents or tickets.

● Start Your Quote Online Discount: For customers who handle the whole quotation process online, and proceed to purchase covers through their phones.

Progressive Insurance Claims

Claims are, without doubt, the most critical part of the provider-customer relationship. A company’s ability to speedily process and make settlements is an indication of its commitment to its customers.

Progressive Insurance makes a good attempt at providing protection from the word go. Customers can conveniently initiate the whole process by reporting a claim through one of the following methods:

● Calling toll-free 1-800-274-4499

● Logging into their customer portal through a username and password.

● Submitting a report through the Progressive Mobile App.

The mobile app method is seemingly the most convenient of them all. It comes with an added photo feature, which allows you to take and upload relevant images.

After reporting, you should wait for a call from the company. Progressive Insurance promises to do so in the same business day. And further neatly outlines the process of filing a claim on the website to ease the process.

Of course, you could argue that many insurance companies provide pretty much the same options. But Progressive goes a step further and offers a concierge service for auto insurance customers.

All customers are required to do is simply drop their vehicles off at any of the service centers. The provider will then take care of everything, including repairs and estimates. Ultimately, they get in touch with their customers when they are satisfied that the vehicles are ready.

But there are few isolated cases where a customer may not be within the proximity of a concierge center. That’s why the company found it necessary to link up with selected repair shops that can provide the service.

Thankfully, this is a not a strict requirement. The process is flexible enough to accommodate customers who prefer having their cars handled by repair shops of their choice.

That said, it’s worth noting that working with an independent insurance agency makes the process a whole lot smoother. They know the right buttons to push to make providers handle your request efficiently.

So, what are the experiences of people who’ve tried filing claims with Progressive Insurance? Are customers pleased or not?

Progressive Insurance Customer Experience

For quite some time now, J.D. Power has been ranking insurance companies based on:

● Settlement

● Rental Experience

● Repair Process

● Estimation Process

● Claim Servicing

● First Notice of Loss

● Overall Satisfaction

According to the latest rankings, Progressive insurance is placed at number 13 with an overall rating of three out of five stars.

Source: J.DPower

From customer experiences, it manages to score three on just about everything, apart from “Rental Experience”. That translates to an “About Average”, going by the site’s scoring legend.

Now let’s switch to Better Business Bureau, another popular review platform.

Unfortunately, Progressive Insurance is not accredited by BBB. But it still manages a score of 3.75 out of 5, from 190 customer reviews. That, according to the site, is considered a grade A+.

Bottom Line

Progressive Insurance may not be the cheapest insurer for some people. But it shines by its willingness to try out new technologies to improve service delivery.

Although it has faced harsh criticism from some consumers, the overall number of complaints are expected for a company of its magnitude.

Your personal experience, however, is largely dependent on how you approach it, and interaction with its agents. That’s why it’s always a good idea to capitalize on independent insurance agencies.

Such an agency will not only advise you on the best possible rates but also help you with the claim filing process.

Overall, Progressive Insurance is a corporation worth checking out if you’re seeking auto or homeowner’s insurance coverage.

Conclusion

To recap:

● Progressive Insurance has grown through the years to become a major industry player.

● It was not until 1971 that the Ohio-based insurance provider finally went public

● Customer engagement strategies like availing quotations both online and over the phone were first practised by the company.

● As of 2015, the corporation boasted a significant market share of 8.8%. With just three companies enjoying larger shares, Progressive Insurance is currently the fourth largest auto insurance company in the U.S.

● Progressive is a dynamic corporation that has ventured into other multiple types of insurance coverage.

● Progressive Insurance is yet to place concierge service centers in every state. Only 25 states, including Florida, Arizona, California, and New York, host them.

● The insurance provider also considers customers beyond the precincts of the 60 concierge service centers.

● To maintain a competitive edge against other insurance companies, Progressive offers a wide range of unique features.

● There is a wide range of covers priced differently according to your specific condition and any corresponding discounts.

● Because of the sheer number of discounts on offer, you’re bound to qualify for one. Or several if you’re a low-risk customer.

● Customers can conveniently initiate the whole process by reporting a claim through one of the three methods.

● Progressive goes a step further and offers a concierge service for auto insurance customers.

● According to the latest J.D. Power rankings, Progressive insurance is placed at number 13 with an overall rating of three out of five stars.

● On BBB, Progressive manages a score of 3.75 out of 5, from 190 customer reviews. That, according to the site, is considered a grade A+.

● Overall, Progressive Insurance is a corporation worth checking out if you’re seeking auto or homeowner’s insurance coverage.

All things considered, do you think this company would be the best fit for you? Get in touch, and we’ll help you determine this, plus other additional options ideal for you.

Home cutout rubber banded to money.

7 Little Known Ways to Save Up to 40% More on Your Michigan Homeowners Insurance

By | Homeowners Insurance | No Comments

7 Little Known Ways to Save Up to 40% More on Your Michigan Homeowners Insurance

It’s something most of us don’t even value until we absolutely need it. When there’s an unexpected fire. Or damaging winds. Or a hail storm that leaves your roof in shambles.

That’s when you appreciate the value of homeowner’s insurance. That’s when you receive a much-needed check rather than dipping into your emergency fund or retirement.

That’s when you are thankful you chose a great insurance provider that is responsive and does what they always said they would do.

But like with any insurance, you hope you NEVER have to use it. You hope you never have that fire, that destructive wind or that hail storm that destroys your roof.

Instead, you would be content simply paying the premiums year after year after year.

Well, how would you like to keep those premiums as low as humanly possible? Not just saving 5 or 10%, but serious savings, such as 20%, 30% or even 40%!

We’re not talking about the discounts most everybody knows about. Like featuring a home security system. Or living right near a fire station. There are “hidden discounts” that most people don’t know about and rarely take advantage of.

Here’s the catch: It’s the old 80/20 Principle. Also called the Pareto Principle. While only 20% of people will seek out these little known ways to reduce their homeowner’s insurance, 80% of people will simply not take action.

Therefore, the large majority of people will save little to nothing on their homeowners insurance.

Curious what the top home insurance claims are? Maybe you can impress your friends with this awesome knowledge. Here they are:

· Exterior wind damage — 25% of all losses
· Water damage from plumbing or appliances — 19%
· Hail — 15%
· Weather-related water damage (rain, ice, snow) – 11%
· Theft – 6%

Read through the following suggestions… take ACTION… and watch your homeowner’s insurance premiums go down.

Homeowners Insurance Savings #1: Consider Your Roof

Hail damage that is the #1 reason roofs are repaired or replaced.

I’ll give you one guess as to the most susceptible roofs. That’s right, older roofs! Older roofs leak more often and lose shingles more often.

Therefore, getting a new roof can reduce your homeowner’s insurance premium quite a bit. Even as much as 20%!

Even better, consider an impact-resistant roof. These quality roofs feature materials that stand up to hail even better than non-impact materials.

Michigan certainly sees its share of hail storms. So, it might be worth considering upgrading your roof to be prepared for the next onslaught of hail.

Homeowners Insurance Savings #2: Your Credit Score Matters

I know what you’re thinking: How can my credit score affect my homeowners insurance premiums? Fact is, it’s all about risk assessment.

If you pay your bills on time, you probably have a great credit score. If you have racked up a number of high-balance credit cards, you may have less than great credit.

People with higher credit scores may notice a little break on their insurance premiums. Again, ask your insurance agent, or connect with us to learn more about this area of potential savings.

Homeowners Insurance Savings #3: Your Age

While you can’t do much about your age, it can affect just how much you pay for your home insurance.

Some insurance providers offer a discount simply based on your age. Retirees and senior citizens are usually the first age group to receive a small discount. Why?

This age group is considered more responsible and less of a risk. Plus, they tend to spend more time at home, reducing risks of fires and thefts.

Whether it helps yourself or your parents, ask your insurance provider about reducing your premiums based on your age.

Homeowners Insurance Savings #4: Go Green

Ready for TRIPLE saving? It happens when you decide to “Go Green.” Unlike just a few years back, it’s easy nowadays to outfit your home with energy-efficient materials.

These “green” materials include solar panels, Earth-friendly plumbing systems, electrical equipment, windows and even energy-efficient light bulbs. Once you install these energy-efficient options, you can see savings in 2 areas!

First, over time you’ll experience savings simply by using them. An energy-efficient light bulb, for example, can save you up to 90%! “Green” windows can save you as much as 75%!

Second, because the government wants to encourage saving energy, the federal and state governments offer grants as well as tax write-offs. The more you use, the more savings you enjoy.

Finally, Michigan Home Insurance companies are working on creating a savings for when you do capitalize on these eco friendly options. I’m not sure when it’s happening but you can believe that you can hear about it here first!

Homeowners Insurance Savings #5: Remove Old Structures

Have a run-down shed on your property or similar structure? The odds are that your insurance provider views that structure as an “add-on” to your house.

Even if you simply use that shed or building as a place for tools, it might just be costing you extra dollars on your home insurance policy. What can you do? If you rarely use this extra structure, consider knocking it down or having it hauled away.

Of course, if you have multiple buildings on your property, your insurance premiums may be considerably higher than they need to be.

Homeowners Insurance Savings #6: Removing Brush and Trim Trees

Brush, trim, trees, as well as dead or dying trees, are more susceptible to catching fire. These natural combustibles can turn an under-control fire into a serious risk.

By removing these fire risks, you may also reduce your home insurance premiums by a little as well. If you have these fire risks around your home, you should consider removing them even if they don’t affect your insurance premiums.

Homeowners Insurance Savings #7: Choosing Your Dog Breed

Yes, it’s true. Your dog breed could result in a higher homeowners insurance premium.

Some insurance policies have a list of dangerous dog breeds that could increase your insurance. Rottweilers, German Shepherds and Pit Bulls tend to be on these lists.

While your Pit Bull or Rottweiler may be the most friendly dog around, you may still be penalized. The fear is that those breeds are more likely to attack.

Insurance companies prefer dog breeds that are docile and family-friendly. Poodles, Shih Tzus, Cocker Spaniels. They all tend to be friendly dogs who rarely bite or attack.

Also, if you are considering an exotic pet, such as a snake or spider, make sure those don’t cause your homeowner’s insurance to skyrocket.

Conclusion: Putting it all together

Remember the 80/20 Principle? Well, less than 5% of people will consider many of these home insurance savings and bundle them all into a massive savings by:

1. Replacing your roof
2. Check your credit score
3. Check if your age has discounts
4. Go Green (save money in bills and possibly on your insurance in the future)
5. Removing Brush and Trim Trees
6. Remove Old Structures
7. Choosing Your Dog Breed

Will it be you? Speak with one of our insurance representatives today to learn more about how you can save big on your homeowners insurance.