Homeowners Guide to Home Insurance Discounts, Reduced Rates and Savings

Although not obligatory by Canadian law, home-owners do want to be sure that their homes are protected against any unpredictable events such as extreme weather, thefts, accidents etc., in and around the home. Let’s have a look at a few excellent pointers on finding great discounts, lower rates and savings on your Home insurance:

Explore your options: If time is on your side, then it’s worth it to ask around, get free quotes from top insurance companies and even check out policy comparisons online. Look in consumer forums, magazines and business reviews for the best Insurance companies. The best ones will offer good coverage for lower rates and the best service when a claim is to be made. This way, you’ll be aware of all available options, types of coverage versus what you are looking for and also the best companies to opt for.

Ask a few insurance agents: If you’re short on time and want to get your insurance done quickly, try getting quotes from a few insurance agents. The advantage of going to an agent is that they have the ability to tailor an insurance package that best suits your needs. He could create one that’s got the most benefits and at the best rates with highest discounts. Folks have got as much as twenty five percent

Keeping it simple: If your requirement for home insurance is straightforward, you could always go to the same insurer that you bought your auto insurance from. Often this will get you some sizeable discounts. In addition, ask your insurer about raising your deductible – the amount you pay towards damage before your claim is released. If your deductible is high, chances are your premium will drop up to almost twenty five percent.

Insurance Credits: there are a number of credits that can get you big discounts on your premiums. Check with your insurance company on how much discount you will get if you live in a gated community, have just done new wiring in your home, using roofing materials that can withstand high impact blows such as a hail-storm or objects hurled toward the roof during a wind-storm, being part of a home-owners association in your neighborhood, Renovating your home, if all the members living in your home are non-smokers, retired residents, new modern sensors that detect gas, smoke or even water leaks. You even get great discounts for having not-claimed your insurance in a period of ten years or more depending on the terms of your policy or insurer.

There are a number of ways you can benefit from building your knowledge on your home insurance policy. So, make sure you know what’s available, what you want and also review your policy every year to make sure you’re not paying for things you’ve got rid of or are not worth as much anymore.

Used Car Loan

Check Your Credit

Few things are as embarrassing as applying for car loans and discovering you have low credit scores from some old debt you thought you had paid. You are entitled to one free credit report per year from the major credit reporting agencies (TransUnion, Equifax, Experian), so get your credit report as soon as possible. If there are any errors, contact the agency to have the errors fixed. Your credit scores will determine not only if you’re approved for car loans but also what type of interest rate you’ll be charged.

Get Pre-Approved

Once you know where you stand as far as credit score goes, a trip to the bank should be your next step. A lot of time can be saved by knowing not only if you’ll be approved for a used car loan but how much you’ll be approved for as well. Banks will give you a pre-approval letter to take with you to the dealership. Why waste time looking at $30,000 vehicles if you can only borrow $15,000? Once you’re pre approved, you’ll know what type of vehicles you’ll be able to purchase. You can also inform car dealerships of your limit, and they can immediately show you what’s available to you.

Check with Insurance Company

Auto insurance is required in all states, so be prepared to start paying insurance on your vehicle. In fact, the lender will require you to have full coverage on your vehicle until the loan is paid. Certain factors affect the amount of your premiums, including make, model and year of vehicle. If you know the type of vehicle you want to buy, your insurance agent can give you some ideas of what you can expect to pay so there’ll be no surprises later.

Get Financing

If you’re this far in the car-buying process, you may have already secured financing. Hopefully, you’ve done your due diligence and shopped around for the best deal on your used car loan. There are so many lenders available today, including savings and loans, community banks, credit unions and even online lenders. Choosing a lender may be difficult particularly if you’re getting approval from many lenders. Credit unions been around almost forever and tend to work for the customer. Here are some benefits of using credit unions for your car loan.

Good customer service – Credit unions are made up of customers like you, so they’ll offer you great service.
Not-for-profit – The only profit credit unions make goes to their customers, which is you if you become a member of your local credit union.
Best interest rates – Credit unions typically offer the lowest interest rates.
Better loan terms – Credit unions give you the best choices as to loan terms.

So now you can go the car dealership and shop with ease. Following these steps will not only better prepare yourself, but will also make your car-buying process more enjoyable.

Tips to Find Home Insurance at an Affordable Price

However, not having any kind of cover could be a rather unsafe decision to make. Furthermore, most banks offering home loans and mortgages, insist that you have a home insurance policy before they release their funds.

So, if you must have a home insurance policy, choose one that’s easy on the wallet. Here are a few simple, yet often unconsidered options.

Tip #1 – Take Charge of your Inventory
Take a look at your inventory to make sure you have a policy that provides you with sufficient cover and at the same time ensure that you are not over-covered. In other words, insurance can come in three forms, the basic cover, mid-range and the comprehensive cover. If you seek an insurance provider online, the quote they provide is generally a comprehensive one.

In general, a basic cover protects your home from fire accidents and such. While a mid-range one covers the basic aspects along with added cover for expensive possessions. The comprehensive one covers everything including people who live on your property, as well as anyone who may accidentally injure themselves on your property.

Perhaps you once owned expensive designer furniture, but it’s not worth as much now. In such cases, it’s best to downgrade your insurance cover. If you’re looking for an affordable home insurance policy, opt for the basic cover, since, you can get by even if there’s a theft, injury or leak in your roof. But getting through a fire can be a real challenge.

Tip #2 – Check for Credits
Check for credits offered by your insurance provider. Most insurance providers reward people for being safe and reducing risk. This means that chances of you making a claim are low hence you are given discounts on your premium. Big reductions can be made simply by ‘playing it safe’.

For Example, having an alarm system, indoor sensors, living in a gated community, or even being claims-free for a long time can get you discounts of up to twenty percent.

In addition, having your car insured with your home insurer will also draw reduced rates for you, since it means more business for your insurer. Some insurers even have referral programs from which you can benefit, just by referring someone to your Insurer.

Tip #3 – Raise your Deductible
Increase your deductible. The deductible is the amount you pay before you claim your insurance. If your deductible is increased only from $500 to $1000, you can knock off up-to ten percent of your premium. If you increase it to $2500, you can decrease your premium even more.

There are a number of ways to find affordable insurance policies, keep asking to find affordable rates. Remember, little drops still make the ocean!