Everyone needs insurance to protect themselves and their most valuable assets, and for most people, their home will be one of the most valuable things they ever own. It can also be the most expensive thing to repair or replace for homeowners caught without a home warranty or home insurance. While sometimes misconstrued as the same thing, a home warranty and insurance are different things, and they’re both good ideas.
Insurance protects your home against disasters like fires, storm damage, and even acts of vandalism. A warranty, on the other hand, covers your home systems and appliances, such as your plumbing, dishwasher, air conditioning system, tankless water heater, and more against normal wear and tear. Working with providers like home warranty companies in Texas is a great way to achieve peace of mind and protect your budget against unforeseen expenses like appliance breakdown.
Your vehicle is also one of your most valuable assets, and it’s important to keep it and your loved ones covered in case of accidents. You’ll be required by state law to purchase at least liability insurance, but you may find that a more comprehensive car insurance plan suits you. How do you know you’re getting the best deal, though? Here are just a few tips to help you find the best home and auto coverage.
1. Bundle for discounts.
Insurance bundling is when you purchase multiple insurance policies from the same insurance company. Bundling auto insurance and home insurance is the most common bundle, but you may choose to combine life insurance or other insurance types in a combo plan. The most common advantage of this is that insurance companies typically offer discounts for combo plans to encourage customers to stick with them for their coverage options. Of course, there are other advantages and disadvantages to consider.
Since you’ll have a single premium for bundled plans, you’ll likely be able to manage your bundled insurance policies with the same application. Of course, it’s always important to research individual providers and calculate the costs of plans before bundling. While it will be more work, you may be able to save on premiums by purchasing each basic plan you need from different providers.
2. Make sure you’re covered for all weather.
The weather accounts for approximately 80% of all home insurance claims, with hail being the biggest offender. While homeowners can generally rest assured that they’ll be covered for natural disasters such as fire and heavy wind damage, there may be gaps in coverage, depending on your area. This is why, especially when buying a new home in an unfamiliar area, you need to research the weather patterns to make sure you have the best coverage.
Flood insurance, for example, often isn’t included in a basic plan, so if you’re in a flood-prone area, it’s best to buy additional coverage. Another way that bundling can come in handy is that you’ll likely be able to protect both your home and car from unusual weather at an affordable rate.
3. Compare car insurance quotes online.
These days, it’s easy to use an online tool to find cheap car insurance, so you can spend more time focusing on your individual needs to find the best policy. You may even want to purchase more than one auto insurance policy to save money,
For example, it may actually be cheaper to put a teen driver on their own policy rather than placing them on your same coverage. You might also consider skipping comprehensive coverage for older vehicles where the insurance rate is unlikely to be worth it.
Naturally, having a clean driving record is the best way to find good deals, and you’ll be able to reap even more rewards with a company that offers good driver discounts. Even without the best record or credit score, you can still receive free auto insurance quotes online to find the best liability and optional coverage plans for you.