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Insurance companies across the country are raising their homeowners rates, in part to cover massive claims related to natural disasters, weather incidents and widespread insurance fraud. These factors are beyond your control but your home insurance rates are based on many contributing factors — there are steps you can take that may help to control your homeowners insurance costs.
Take control of what you can
Some factors that may lead to increased home insurance rates are:
Some factors that may lead to increased home insurance rates are:
- Dirty roof and/or peeling paint — People are often surprised to learn that the condition of their roof and the exterior of their home can have a negative impact on their homeowners rates and may lead to cancellation of coverage. Why? The overall condition and appearance of your home is often indicative of the overall quality of upkeep. A home in need of repair may lead to increased losses.
Spare your rates: Have your roof professionally cleaned and your home painted or do it yourself. - Extra keys — They may be great when you’re locked out but extra keys could send your insurance rates through the roof if they fall into the wrong hands. Lost or stolen keys may lead to theft or vandalism and these losses can be very costly.
Spare your rates: If you opt to leave a key with neighbors, try to avoid neighbors with teens as you never know if they or their friends have a penchant for hijinks or worse. Also make sure there are no identifying labels on your extra key. A safe way to stash an extra key is in a realtor-grade lock box with a password protected lock. For more info on this option visit buylockbox.com.
Call me. I can give you additional information that may help you control your insurance costs and I can make sure you’re taking advantage of all available discounts. Your home is likely your most valuable possession. Take care of it — it may save you in the long run.
