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Homeowners Insurance
Look for exclusions to coverage.
Look for dollar limitations on claims.
Understand replacement cost.
Understand actual cash value.
Understand liability.
Ways to Lower Your Homeowners Insurance Costs
1. Raise your deductible.
2. Buy your homeowners and auto policies from the same company.
3. Make your home less susceptible to damage.
4. Keep your home safer. Install smoke detectors etc.
5. Be sure you insure your house for the correct amount.
6. Ask about other discounts.
7. Stay with the same insurer.
8. See if you belong to any groups/ associations that offer lower rates.
9. Review your policy limits and the value of your home and possessions annually.
10. See if there´s a government-backed insurance plan.
Things to Understand About Title Insurance
1. It protects your ownership right to your home both from fraudulent claims against your ownership and from mistakes made in earlier sales, such as mistake in the spelling of a person´s name or an inaccurate description of the property.
2. It´s a one-time cost usually based on the price of the property.
3. It´s usually paid for by the sellers.
4. There are both lender title policies, which protect the lender, and owner title policies, which protect you. The lender will probably require a lender policy.
5. Discounts on premiums are available if the home has been bought within only a few years since not as much work is required to check the title. Ask the title company if this discount is available.
Remember, if you have any questions about the process, I'm only a phone call or email away!
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Sallyanne Holmes - GRI
A Licensed REALTOR ® in the State of Colorado |
Merit Co Inc
6120 Tutt Blvd
Colorado Springs, CO 80923 |
Cell: (719) 660-0622
Business: (719) 596-7800
Fax: (719) 596-1784 |
Email: Sallyanne@homesforsaleco.com |
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