When buying homeowners insurance in McAllen, TX, you must make sure that you are paying the right amount for it. You must consider various factors such as the coverage options you require, deductibles/premiums involved, your budget etc. Even when you think you have grabbed a money saving deal, you can still save some money on your insurance policy. Here are some tips that can help you avoid overpaying on homeowners insurance:
Increase deductible: The cost of the homeowners insurance depends upon the amount of deductible that you choose. It is the part of the expenses that you agree to pay towards the damages or loss for your homeowners insurance. Increasing deductible can help to significantly lower your monthly premium.
Consolidate all policies under one company: By consolidating your all policies with one company, you can save a lot on your insurance cost. Most of the insurance companies in McAllen offer discounts to the clients who have multiple policies with them.
Fireproof your house and install safety gadgets: Enhance the safety and security features of your home before applying for the insurance. Install smoke detectors, fire alarms, fire extinguishers etc. to make your home fireproof. To prevent any incidents of burglary, you may consider installing burglar alarm and or having more secure locks on windows and doors. Also make sure that you have good quality doors and windows.
Insulate the water pipes: Frozen pipes may cause a lot of damage to your property, so make sure that the pipes are properly insulated to safeguard your house against water damage. An insurance company may offer discount to the homeowners who have proper insulation to prevent flooding or water pipe leaks.
Revise the policies every year: Make sure you update your policies every year to reflect your current financial situation. Revise the insurance coverage on the basis of the value of your possessions. The costly items often lose their value over the time, so they do not need an overpriced insurance coverage.
Make fewer claims: Homeowners with a history of filing multiple claims are likely to pay more towards their insurance policy. If you can afford, pay for minor damages on your own rather than making insurance claim. Ideally, you should not file more than one claim in a year.
We, at Smith-Reagan Insurance Agency, can help you buy affordable homeowners insurance in McAllen, TX. For more information, you can call us at (956) 399 – 1353 or visit our office at 148 N. Sam Houston Blvd, San Benito, TX 78586.