6 TIPS TO GET AROUND HOUSING INSURANCE PREMIUMS TO BE CHEAPER
Housing insurance is one insurance product that provides protection for your home from various risks, such as fire, theft, natural disasters, and others.
However, housing insurance premiums can be a burden for some people, especially if you have a home with a high value.
How to get around housing insurance premiums to be cheaper?
6 Tips to get around housing insurance premiums to be cheaper
Here are some tips that you can try.
1. Choose housing insurance according to your needs.
Not all risks need to be insured. You can choose housing insurance that only covers the main risks that have the potential to harm you massively, such as fire or natural disaster.
Other risks that are mild or rare, such as damage caused by pets or loss of keys, can be your own responsibility.
2. Compare different housing insurance quotes from different insurance companies.
You can take advantage of online services that provide housing insurance comparisons from various insurance companies.
That way, you can choose the housing insurance that best suits your needs and budget. Also pay attention to the facilities and services offered by each insurance company, such as claims processing, regional coverage, and hotline availability.
3. Take advantage of discounts or promos offered by insurance companies.
Some insurance companies offer discounts or promos for customers who buy housing insurance online, pay premiums annually, or have other insurance policies from the same company.
You can take advantage of this discount or promo to save on the cost of your housing insurance premium.
4. Increase the safety and security of your home.
One of the factors that affect the amount of housing insurance premiums is the risk level of your home. The higher the risk of your home, the higher the premium you have to pay.
Therefore, you can lower the risk of your home by increasing the security and safety of your home. For example, by installing fire alarms, surveillance cameras, strong door and window locks, and conducting regular inspections of Electrical and gas installations.
5. Do regular home renovations or maintenance.
Older or poorly maintained homes tend to have a higher risk than newer or well maintained homes. This is because an old or poorly maintained house is more prone to damage due to age, weather, or pest attacks.
Therefore, you can do renovations or periodic home maintenance to keep your home in top condition and avoid damage that can cause insurance claims.
6. Consider increasing the sum insured reasonably.
The sum insured is the maximum amount that will be paid by the insurance company in the event of an insurance claim.
The sum insured should be adjusted to the current market value of your home, not too low or too high. If the sum insured is too low, you could incur losses in the event of an insurance claim because the amount of the claim exceeds the sum insured.
If the value of coverage is too high, you can pay more expensive premiums without getting commensurate benefits.
