For tenants of rental homes, condos and apartments, buying coverage from Renters Insurance Agents West Des Moines IA is a great way to protect the family’s belongings. However, it can be difficult to know how to get the right coverage if buying for the first time. Readers can Click here for several renter’s insurance pointers that may help a customer get a lower premium.
Raise the Deductible
An insurance deductible is an amount a policyholder pays before the insurer starts paying for damages. By raising the deductible, the customer gets a lower premium, and a higher deductible discourages customers from making claims for minor damage. Because most insurers raise rates after just one claim, it’s wise to wait until the cost of repairs exceeds the deductible.
Most insurers offer discounts if the dwelling being insured is equipped with deadbolts. These locks are relatively cheap, but they are worthwhile in terms of insurance savings. Make sure they are on all doors, as that’s the only way the insurer will offer the discount.
Get Smoke Alarms
Most apartments come with smoke detectors, but they should be installed if the home isn’t so equipped. Fire damage claims are usually expensive for customers and insurance companies, and insurers offer discounts for permanently installed smoke alarms. If the home is already equipped with them, buyers can expect lower premiums.
This tip is elementary and effective. Motion-sensing lighting, locks, and alarms can help a home avoid insurance risks, and any type of security system will likely get the customer a lower premium. However, the biggest discounts come when a home has a system that has a direct connection to a local fire department or law enforcement.
Most insurers check customers’ credit scores, considering them when determining premiums. Customers should get a copy of their credit report and ensure it’s accurate. If it isn’t where it should be, the customer should take steps to raise their score, or seek an insurer that does not do credit checks.
A good renter’s insurance policy can help to lower the devastating expense of property damage and loss. By considering the above tips when shopping with Renters Insurance Agents in West Des Moines IA, customers can lower their monthly premium and still get a policy that meets their needs.
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