Don’t Purchase Last Minute
Home insurance can get complicated. When you leave it to the last minute, you can feel pressured to make your decision and not give yourself enough time to weigh your options carefully. This can result in your paying a much higher premium than you needed to. Make sure you give yourself plenty of time to choose a policy.
Use an Agent Instead of a Mortgage Lender
Your mortgage lender will sometimes offer you mortgage insurance, but they tend to generalize their rates to match the average client, which could wind up costing you money in the long run. It’s important to speak with a reputable insurance agent to be sure you are getting the best coverage options at the best rate for you.
Make Sure You Get a Home Inspection
The home inspection will help you figure out the potential problems with your home. This inspection may also give you insight on ways you can improve your home to get discounts on insurance costs. Be sure to discuss your inspection results with your insurance agent.
Have a History of Renters Insurance
Having renters insurance protects you from unexpected financial burdens, and it can also help you save money on home insurance when you decide to purchase a home of your own. A loss-free claims history can secure you a better rate on home insurance, so having a history of renters’ insurance can be a big help.
When you need home insurance in Maitland, FL, that meets your needs and budget, contact Mike Elliot Insurance Agency, Inc. at (407) 671-1100.