Find Ways to Save on Homeowners Insurance by Tony Martinez

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Tony Martinez is the Founder and Chairman of the US Tax Lien Association, which is an organization that is committed and dedicated to helping others achieve total financial freedom through the power of investing in Tax Lien Certificates. With over 30 years of expert experience, Tony is the world's #1 authority on the subject of creating enduring wealth through the little know strategy of investing in Tax Lien Certificates, which gives anyone the opportunity to earn guaranteed fixed rates of returns of 18% – 36% interest per year, and acquire valuable real estate for approximately 10% of market value.

No matter how you secured your investment, you will need homeowners insurance to protect it.

It goes without saying that you will want to pay as little as possible all while receiving the necessary coverage. With that in mind, you'll need to be proactive about getting all of the discounts you qualify for. By bundling your home, auto and other insurance coverages with one insurer, you could reduce your rates dramatically.

Another discount worth pursuing is if you make any home improvements such as a new roof, an alarm system or an upgraded electrical system. Consult your agent to find a list of ways for you to save.

You might also consider raising your deductible. This will reduce your monthly premium, but don’t raise it to a point where you won’t be financially stable if something were to happen.

Likely you’ll find yourself in a position where you will only have a property for a short amount of time. To save yourself from purchasing a long term plan that has coverage you won’t need, you should request a short term plan that will cover you only so long as you need it.

Prices can vary dramatically so be sure to get quotes from various insurers. You can compare rates at different websites such as InsuranceQuotes.com or netquote.com. You can also check with an independent insurance broker who will work to find you the lowest rate.

Another option is to simply review the policy and eliminate coverage you just don’t need. I know reading through insurance policy is a fate worse than death, but if you do you’ll very likely be rewarded with savings.

Finally, work to keep your credit score as high as possible. Believe it or not, insurance companies often check your credit score to figure out how much to charge you for insurance. The higher the score, the lower the premium.

In the overall scheme of things, homeowner’s insurance is just a minor inconvenience, when you consider the profit potential in the properties you acquire. Even so, every dollar saved will increase your profit margins.

Sincerely,
Tony Martinez