It is very easy to end up with a policy that gives you more protection than you need and that is more expensive than you can afford. A Georgia homeowners insurance company will recommend a level of coverage for you, but it may not be what you actually need. The key to avoiding expensive insurance is to reduce your risk factors while getting only the amount of coverage necessary.
Here are a few tips to help you keep costs down on your homeowners insurance policy.
Keep Your Claims to a Minimum
The plain and simple fact is that the more claims you put in on your homeowners insurance, the more you will be paying in the future for your homeowners insurance. Your have homeowners insurance so that you can use it if necessary, but you want to evaluate the need to put in a claim every time something happens.
If you have more than a couple of insurance claims, even if they are small, over a 3 to 4 year period, you may be looking at an increase in your premiums. One huge claim against your Georgia homeowners insurance may or may not result in higher premiums. If you are at fault, such as you caused a major fire because you were smoking, then you will almost certainly see an increase in your premiums.
Pools Will Lead to Higher Premiums
Installing a pool or purchasing a home with a pool can really add to the cost of your Georgia homeowners insurance. Not only will you need to insure the pool structure itself under the “other structures” section of your policy, but you will also need to increase your liability protection.
The liability protection will be the most expensive and it covers you in case someone is injured because of your pool. It will provide you money for medical bills and for legal issues. Pools are a big risk for Georgia homeowners insurance companies and they will charge you accordingly.
Choose A Dog Carefully to Avoid Expensive Premiums
Bringing a dog into your home may mean more expense when it comes to your policy. Not all dogs will cause your rates to increase, but some of the most dangerous will.
Here is a list of breeds that will most likely cause you to have to pay more for your coverage.
- Alaskan Malamute
- Bull Terrier
- Chow Chow
- Doberman Pincher
- German Shepard
- Pit Bull
- Siberian Husky
This is a general list, so you should check with your insurance company to see which dogs they consider risky and that will result in an increase in the cost of your homeowners insurance.
Don’t Smoke and You Will Save Money
Smokers will pay an expensive price for their coverage. The risk of fire is greatly increased when there is a smoker in your home. Smoking, whether cigarettes, pipe or cigar accounts for over 20,000 house fires each year and this costs homeowners insurance companies money.
It is not a good idea to hide the fact that there are smokers in your home. If your house catches fire because of a smoker and you have not informed your Georgia homeowners insurance company that there is a smoker in the house, then your claim will probably not be paid and you could be dropped by your insurer.
Online Rate Quotes Saves Money
You probably didn’t purchase the first home your saw, nor should you purchase the first Georgia homeowners insurance policy that you see without shopping around first. The shopping is free, easy, quick and non-committal when you go online and fill out an application for a Georgia homeowners insurance quote.
These quotes will allow you to compare rates and policies of various Georgia homeowners insurance companies to make a better decision. Remember that you are in the drivers seat and can choose virtually any of these companies you desire. You may be shocked to see the difference in price from one Georgia homeowners insurance company to the next.