Does Cheap Home Insurance Exist? We Reveal Some Handy Money-Saving Hacks

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Does Cheap Home Insurance Exist-Chispa MagazineAs a homeowner, one of the regular expenses you have to bear is insurance. The ugly truth of home insurance is premiums often rise each year. As you can imagine, that can spell bad news; especially if money is tight.

For those of us with mortgages, a condition of them is that we have insurance policies in place. If you’ve got no choice but to have home insurance, how can you keep such costs down? Well, it turns out that it IS possible to have “cheap” home insurance cover! Here’s how you can make your money go further and keep your premiums low:

Increase your deductibles. The point of home insurance is that you’ve got protection in case of expensive repair bills. One clever way to lower your premiums is by increasing your deductibles. Just make sure you select yours at a level you can afford.

Get a new roof. One of the most common causes of home insurance claims is when roofs get damaged beyond repair. Prevention is better than the cure, as they say. Paying for a new roof now means you can enjoy lower premiums. Plus, you’ll have the peace of mind knowing your roof will last for several decades without issue.

If you get a new roof through your insurance, expect high premiums for the foreseeable future.

Improve your home. It’s important to do what it takes to lower the risk of making substantial claims on your home insurance. The things you can do include renewing electrical wiring and replacing old heating systems. Such improvements will also add value to your home; if you decide to sell up.

Improve your home security. An alarm system, deadlocks and strong windows and doors are all good ideas. First of all, they lower the risk of break-ins by burglars. And, second, there is a lower risk of making theft claims on your insurance policy.


Infographic by Buyers guide for Home Alarm Systems – Alarm-reviews.net
Photo by Qusai Akoud

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Mia Guerra

Mia Guerra

Executive Editor at Chispa Magazine
Executive Editor at Chispa Magazine, Mia Guerra is a writer at heart. Regardless the topic, she loves to investigate, encourage, and ruminate on topics that can make us better people. Aiming to live a Proverbs 31 life, Mia is ecstatic to be following her calling with Chispa. At home she is her husband's sidekick and together they are raising a God-fearing family in Atlanta.

Mia Guerra

Executive Editor at Chispa Magazine, Mia Guerra is a writer at heart. Regardless the topic, she loves to investigate, encourage, and ruminate on topics that can make us better people. Aiming to live a Proverbs 31 life, Mia is ecstatic to be following her calling with Chispa. At home she is her husband's sidekick and together they are raising a God-fearing family in Atlanta.