Before house hunting – Set yourself up to be a financially desirable buyer.
1. Review your credit rating
Having good credit history helps you to get a mortgage at a more competitive interest rate, and may also qualify you for a good credit discount on your insurance. Get a copy of one or all of your credit reports. Make sure they are correct and report any mistakes immediately. If your credit is not as good as it could be, now is the time start improving it.
2. Protect yourself with a renters insurance policy
If you are renting an apartment or house, protect yourself financially with a renters insurance policy. That way, if disaster strikes your renter’s insurance can help protect the down payment you’re saving to buy your new home, as well as showing a useful insurance history to your prospective homeowner’s insurer when you go to buy your first home.
While house hunting
As you search for your new homestead, be aware that the physical characteristics of the house-its location, size, construction and overall condition-can affect the cost, choice, and availability of home insurance. In some cases, features such as ornate plasterwork or proximity to the coastline-can make insuring a home more expensive or more difficult. Some factors to consider when shopping for a home are: fritidshus
3. Location and quality of the fire department
Homes that are located near highly rated, permanently staffed fire departments will often cost less to insure. This is also true for homes that have a fire hydrant nearby.
4. Proximity to the coastline
Houses located close to the coast will generally be more expensive to insure than those further inland. They will also likely require a separate windstorm or hurricane deductible.
5. Age of the home
Although a stately, older home can be quite beautiful, the ornate features like ceiling molding, plaster walls, and wooden floors may be expensive to replace and can increase the cost of insurance. Electrical and plumbing systems can become unsafe over time, especially with a lack of maintenance.
6. Condition of the roof
A new roof not only keeps you and your family safer, but it also matters to the insurance company. Be sure and check the roof’s condition. Depending on the type of roof and the material it’s made from, you may even qualify for an insurance discount.