Moving into your new home is exciting and the last thing anyone wants to think about is the prospect of something bad happening to their home and possessions, and while the topic may seem uncomfortable its one all home owners need to consider.
Getting your home and its contents insured doesn’t have to be a costly exercise, there are a few things that you can do to help keep the cost of your insurance premiums down. In this three-part blog we will share 9 cost cutting insurance tips for home owners.
Replacement value insurance
When taking out an insurance policy make sure that it is a guaranteed replacement value policy. What this means is that if your house is destroyed due to a disaster, your house will be rebuilt and your insurer will cover all of the costs.
Raise your deductible/excess
According to Investopedia.com raising your deductible or excess will help to lower your annual premiums. The only catch her is that claiming for smaller issues like broken window or leaking pipe will probably be absorbed by the homeowner.
Pay off your mortgage
This one is a bit of stretch for most but if you can do it then get it done, this because insurers view those who own their properties outright as more likely to take better care of them. This in turn helps to lower your insurance premium.
Living in a secure apartment complex or lifestyle estate can greatly help to reduce your insurance premiums. Contact Mobus Property today for the range secure properties in our portfolio.
Contact Mobus Property for more information.
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