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Tips to Avoid Buying Costly Home Insurance

by | Jun 25, 2012 | Blog, Buying a Home, Mortgage & Finance | 0 comments

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Of course…as your home is the biggest investment you’ll ever make, you want great protection.  Buyers will often wish they can pay for the best policy without thinking twice. But if you need to watch your dollars, here are some ways you can save money and still get great insurance.
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Shop Around and Compare Rates

The most common mistake most home buyers make fail to do is compare insurance rates. New buyers are particularly susceptible, because they’re eager to finish setting up their home. A wise Denver real estate agent will advise you to get at least three quotes.  Be sure to check with your auto insurance company what kind of a discount they’ll offer by adding a home policy.
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Choose a Higher Deductible and Find your Home’s Details

Paying a little more for your deductible is worth the savings in lower premiums. Particularly if there are no claims.  And when you’re getting the quote, be sure you’ve got the facts about the house. Inaccurate information can inflate the insurance rate. Having an accurate description also ensures you’re covered properly.

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You Can Get Discounts from Home Security Systems Too

Alarm systems are always smart to use.  Most insurance companies will offer a discount for a centrally monitored security system (and other security measures). So make sure you include them in your quote.

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And it never hurts to ask your Denver real estate agents about great home insurance agents or other tips. After all we want to make sure you’re feeling confident that your home investment is secure!  Your savings can really add up if you have a good agent assisting you.

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Needing more home buying advice?

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Check out RE/MAX of Cherry Creek’s blog Buyers Tips

 

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Resource:http://insurancenewsnet.com/article.aspx?id=345084

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