{"id":3220,"date":"2018-09-22T06:22:17","date_gmt":"2018-09-22T10:22:17","guid":{"rendered":"https:\/\/staging.migonline.com\/blog\/?p=3220"},"modified":"2018-09-21T12:04:37","modified_gmt":"2018-09-21T16:04:37","slug":"10-things-you-can-do-to-save-on-home-insurance-2","status":"publish","type":"post","link":"https:\/\/migonline.com\/blog\/2018\/09\/22\/10-things-you-can-do-to-save-on-home-insurance-2\/","title":{"rendered":"10 Things You Can Do to Save on Home Insurance"},"content":{"rendered":"

There are many simple yet effective ways to save money on a home insurance policy. Here are ten tried and proven tips that will lower insurance costs for just about any homeowner.<\/p>\n

1. Work on Your Credit Score<\/h3>\n

Your credit score has a large bearing on your home insurance policy price. Keep your score high by paying all bills on time and maintaining a low debt-to-income ratio.<\/p>\n

2. Save up for a Mortgage Loan Deposit<\/h3>\n

Homeowners who can put down a 20% deposit on their new home can often avoid having to pay for private mortgage insurance that could add up to 2.25% to the original loan amount.<\/p>\n

3. Go with a Short-Term Mortgage Loan<\/h3>\n

If your budget allows it, consider taking out a 10- to 15-year mortgage loan. The home insurance cost bundled into these loans will be lower than the cost of a home insurance policy bundled into a 30-year fixed rate loan.<\/p>\n

4. Lock in Your Rate<\/h3>\n

Because your home insurance is bundled with the home mortgage loan, talk to a loan officer in Hendersonville about locking in the rate when taking out the loan. If you wait too long, mortgage rates may rise and leave you with a costly home insurance policy.<\/p>\n

5. Make Appropriate Home Improvements<\/h3>\n

Home improvements that make your home more resilient to natural disaster can lower your home insurance costs.<\/p>\n

6. Boost Your Home’s Security<\/h3>\n

Even simple home security measures such as<\/a><\/u> motion-activated outdoor lighting and installing a home alarm system can significantly lower your home insurance rates.<\/p>\n

7. Quit Smoking<\/h3>\n

Home insurers often offer discounts to households without smokers, which isn’t surprising when you consider that smoking is the leading cause of residential fires in the United States.<\/p>\n

8. Consider Raising Your Deductible<\/h3>\n

Raising your deductible will lower your home insurance costs but could also leave you with a hefty bill in the event of a natural disaster. Use this tip with care and only raise your deductible if you know you’ll have the money on hand to pay for repairs should an unfortunate event occur.<\/p>\n

9. Shop Around<\/h3>\n

Don’t settle for a home insurance policy that doesn’t meet your needs or fit well with your budget. Shop around until you find the insurance policy that is the best deal for you personally.<\/p>\n

10. Bundle Your Policies<\/h3>\n

Bundling your home insurance with auto insurance and\/or other forms of insurance can help you save a significant amount of money.<\/p>\n

Mortgage Investors Group offers home insurance as part of many home mortgage loans and refinance loans. Get in touch with a mortgage lender to learn more about your options and discover which form of insurance is right for your new home.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

There are many simple yet effective ways to save money on a home insurance policy. Here are ten tried and proven tips that will lower insurance costs for just about any homeowner. 1. Work on Your Credit Score Your credit score has a large bearing on your home insurance policy price. Keep your score high … Continue reading 10 Things You Can Do to Save on Home Insurance<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":3221,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-3220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insurance"],"_links":{"self":[{"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/posts\/3220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/comments?post=3220"}],"version-history":[{"count":3,"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/posts\/3220\/revisions"}],"predecessor-version":[{"id":3223,"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/posts\/3220\/revisions\/3223"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/media\/3221"}],"wp:attachment":[{"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/media?parent=3220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/categories?post=3220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/tags?post=3220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}