Tips To Save On Home Insurance In Killeen

by Administrator 7. December 2015 14:04

Home insurance is a necessity to safeguard your hard-earned property. A good home insurance policy provides you adequate coverage and gives financial support in case of an unforeseen crisis. With so many insurance companies in Killeen, TX offering extensive coverage options, it is important to perform comprehensive research before finalizing a particular one for your home insurance.

Once you decide to buy home insurance, it is imperative to know about the different ways in which you can save money. Some of these are:

  • Multiple insurance policies: It is a wise decision to buy multiple policies from the same insurance agency so that you can save money. Many insurance agencies offer multi-policy discounts to attract more customers. For instance, you can buy auto insurance and home insurance from the same provider.
  • Pay a higher deductible: In simple terms, your deductible is the amount you have to pay for a covered claim before you receive insurance benefits. Raising your deductible can actually help you save a lot on your premium every year. The higher amount you pay as deductible, the lesser you will have to pay for your policy. For example: you pay $250 as deductible and file a claim of $1000 in damage to your home. In this case, you will only have to pay only the first $250 and your insurer will pay the balance amount of $750.
  • Location: Your place of residence is an important factor in determining your insurance policy premium. For instance, if you live in a safe neighborhood with minimal chances of theft, you may have to pay less for your home insurance. On the other hand, if you live in an area that is prone to storms and flooding or is unsafe, you will require additional coverage that can cause a dent in your pocket. So, make sure you buy a home in a safe location with all the amenities nearby.
  • Maintain good credit: Most of the customers are not aware about the fact that many insurers favor a good credit history when it comes to deciding the premium for a home loan policy. Insurers have established that policyholders with poor credit are likely to make more claims. So they increase your rate to adjust for this potential threat that can occur in the future. If you maintain a good credit score, the insurance agency may cut down on the premium costs significantly. 

We, at Shawn Camp Insurance Agency, Inc., offer affordable home insurance in Killeen, TX. For details, you can call at (254) 526 – 0535 or visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.

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