Anyone looking for homeowner’s insurance in North Carolina should be aware of the fact that a standard policy in this state does have some restrictions. No coverage is granted for natural disasters such as earthquakes, floods or landslides. Agents can often work with homeowners who are interested in these types of coverage to obtain insurance.
Most people are mainly concerned with the threats of fire and theft. Since your home is likely the single largest investment you’ll ever make, you want to ensure that it can and will be replaced should it be destroyed or damaged. You are also likely concerned about the costs related to insuring it.
You can save money and get discount homeowner’s insurance in North Carolina if you take advantage of a few common discounts. Many insurance companies offer discounts as a way to help lower the risk of a claim. For instance, a popular discount is related to safety. If the homeowners install deadbolt locks on all security doors and a monitored security system, they’ll see a reduction in their premiums.
Installing smoke detectors throughout the home is also beneficial. This is actually a very inexpensive way of saving money on insurance costs. Fire extinguishers are also viewed as beneficial by the insurance company and do come in incredibly handy in the case of a small, controllable fire within the home. You may be required to show proof of purchase or installation to the insurance company before they’ll authorize the discount.
Another way to ensure you are paying the minimum amount for premiums on your homeowner’s insurance policy is to maintain a positive credit rating. Many insurance companies use your credit history as a contributing factor in determining the cost of your premiums. For this reason it’s important to always be mindful of your debt and never let it get out of control.