Unfortunately tornadoes are a way of life in Kentucky. Residents there are accustomed to these storms blowing through and they are also well aware of how important homeowner’s insurance is. Although most of us are deeply concerned about what would happen to our property or belongings after a severe storm or fire, the cost of such protection is also important. For this reason it’s a good idea to try and save money and get discount homeowner’s insurance in Kentucky.
Since statistics have been gathered in the 1800s, over 400 serious tornadoes have been reported in this state. Having homeowner’s insurance in place before this type of natural disaster occurs ensures that you’ll be able to begin rebuilding your life and replacing your belongings. If you don’t own a property and instead only rent a dwelling, you’ll still need a renter’s policy that will cover the cost of all your possessions. The building’s owner will be responsible for insuring the property itself.
There are several effective ways to save money on homeowner’s insurance. One is to purchase your homeowner’s and car insurance policies from the same vendor. Sometimes called umbrella policies, these types of coverage can offer as much as a 15% discount on both types of insurance. Even if you do receive this type of money saving deal, be certain you seek out additional quotes from competitors to be sure you are getting the best price possible.
Also, it’s always a good idea to avoid service fees by paying your premiums all at once. Many Kentucky insurance companies offer monthly payment plans that allow you to pay a portion of your annual premium each month. This is convenient but costly, so avoid it if you can. You may also qualify for a renewal discount next year when your policy comes due. Inquire about the possibility of this before initially purchasing the policy so you’ll know what to expect in the future.