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:
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.
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.
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.
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.
Selling or buying a house is exciting, nerve wracking, stressful and fun all rolled into one. We are aware of that and take our job very seriously with a passion to help throughout the entire process. That's why we offer the highest level in real estate expertise and professionalism.
Combine Polly's 20+ years in Real Estate and Dave's 40+ years in marketing and 10 years as Polly's Real estate partner, our clients get the best strategies when it comes time to sell their home. In the past 20 years, we have been trusted by over 1000 families to assist in their Real Estate needs...amounting to over $100 million in sales.
From marketing expertise to professional photography, to Staging assistance, to custom videos; to social media to e-commerce expertise, we have today's tools to get the job done. And if you are looking for that perfect home, we can help through the entire processes.
We'll help with getting you pre-qualified to searching the right property based on your desires and budget. And we'll assist right through the inspection to the closing details every step of the way.
We take special pride in being endorsed by Veterans United! Don't hesitate to contact us and allow us to help guide you through your real estate needs. Professional, ethical and dedicated is what our promise is to you!
