Nexus Realty, LLC
Nexus Realty, LLC
Steven Sawyer, Nexus Realty, LLCPhone: (603) 765-8583
Email: [email protected]

How veterans can save on homeowners insurance

by Steven Sawyer 02/15/2023

The U.S. Department of Veterans Affairs offers multiple financing options for veterans who want to buy a home. However, the VA does not offer homeowners insurance. During your home buying process, you'll also need to get homeowners insurance to protect your property. Here are some ways veterans can save on homeowners insurance:

Shop around

There are countless insurance providers for a good homeowners policy. It might seem overwhelming to choose, but the more research you do, the more you'll save. Make a list of your top choices and compare their rates and reviews. It's also worth asking other veterans, such as loved one or those you've served with, for recommendations of providers they're happy with.

Bundle policies

It's common for insurance providers to offer discounts for buying more than one policy. For example, if you already have car insurance, the same company might be able to offer you a homeowners policy at a discounted premium. Some providers may even discount both policies when you combine them. Investigate what providers offer for multiple policies before you buy.

Improve security

There are simple safety and security upgrades you can make to your home to potentially lower your homeowners insurance premium. Some examples of upgrades include adding dead bolt locks, security cameras, floodlights and carbon monoxide detectors. Providers may also offer discounts for homes with smart security systems to keep you and your property safe.

Opt for a higher deductible

If you don't mind a higher deductible on your policy, you may be able to get lower monthly rates on homeowners insurance. Most homeowners insurance policies have a deductible amount of $200 to $300. However, raising the deductible to anywhere between $500 and $1,000 can potentially save 20% or more. Each provider has different options for deductibles--some policies with no deductible at all--but it's worth investigating the benefits of choosing a higher deductible amount when shopping for a policy.

About the Author
Author

Steven Sawyer

Steve's experience, skill and familiarity with the New Hampshire real estate market are essential ingredients needed to provide you with an enjoyable buying or selling experience. Utilizing strong communication and negotiation skills, energy and effective marketing tactics, Steve is dedicated to providing your family with service unsurpassed in today's market. Steve is a Self Starter and an Early Riser he is available in the following disciplines: REO,Short-Sale, Relocation, Re-sale, Land, New Construction and property valuation.Steve is relentless till the job is done. You get the WHOLE team when you go with Steve at Nexus Realty.