Property Insurance Costs Too Much? 7 Ways to Reduce It

When is the lowest-cost insurer not the lowest-cost insurer? When another company actually charges less because you bundled or installed security or did something else.

NEW YORK – The price of homeowners’ insurance is on the rise, and many owners may be looking for ways to reduce their high premiums. While discounts can vary greatly based on location, size, and age of the house, some credits may be available that could reduce some homeowners’ premiums by as much as thousands of dollars per year, The Wall Street Journal reports.

The average premium for a homeowner’s insurance policy increased 3.1% to $1,249 in 2018, the latest year for which data is available. Luxury homes tend to be much more costly to insure than standard homes since they’re larger and have more decorative features within.

Here are some ways homeowners may be able to save on their homeowners’ insurance costs:

Bundles: Look into bundling a policy – insuring a home, car or boat all with the same firm. Some homeowners report a 12% reduction in their premiums by doing this. (more…)

Is Your Home (and Home Insurance) Ready for Extreme Weather?

Hurricanes. Heat waves. Earthquakes. Tornadoes. Today’s headlines are awash in extreme weather, and whether you blame climate change or just plain bad luck, the simple truth is that the damage from these disasters is impossible to ignore.

Realtor.com® teamed up with HarrisX to conduct a poll of 3,026 adults on their extreme weather concerns and homeowners insurance know-how—and the results suggest that many Americans may be more vulnerable than we think.

Here are some of the key highlights: (more…)

Want to Sell Your Home as Quickly as Possible? Here’s How to Be Proactive About Making That Happen

Image by mynemesis2011 from Pixabay

If you’re anticipating putting your home on the market soon and want to sell it as quickly as possible, you’re probably thinking that the best way to accomplish this is to accept a major drop in price. Although it’s true that price points can affect how quickly a property sells, you don’t have to dip much, if anything, below market value to facilitate a fast sale as long as you live in an area with a moderately healthy real estate market. Following are five proactive ways you can help your upcoming home sale go quickly. (more…)