5 Tips for Home Insurance Discounts

Once you are aware of this, it will certainly ease your premium payments to know when you are paying too much and areas where you can easily get big discounts. Here are some tips to get discounts on your home insurance.

1. Old to New: Insurers are always wary of the ‘old’. Older buildings, old wiring or non-weather proof roofing means that they may not be as effective at holding strong through extreme weather, storms, theft or other accidents. Hence, if you have your house renovated, or get new wiring done for the entire home, you should get a discount of up to ten percent. Stats from the Fire department show a high number of accidents due to old wiring, weak roofing, old fire-places etc.

2. Neighborhood safety: Insurance companies feel comfortable when they know you’re doing everything you can to keep your home safe. A safe home, keeps money in the insurer’s pocket. Thus, they like to encourage their policy holders by providing discounts whenever they take steps to reduce possible claims. Initiating or becoming a part of a home owner’s association can mean that as neighbor’s watch out for each other, the risk of loss through theft is greatly reduced. Additionally, having a home in a gated community also reduces risk. Hence great discounts can be obtained simply by informing your insurer about these facts.

3. Automatic Payments: As simple as it sounds, setting up recurring payment for your premium will also provide you a small discount, with the added benefit of not having to manually pay your insurer every time your premium is due.

4. Multi-policy discount: Many insurers provide discounts up to thirty percent, if you buy all your insurance (Automotive, home, business etc.,) from them. The discounts offered are a sort of reward for being loyal clients. The policies need not be of the same type, however, the insurance company does need to be the same. This discount may not always be possible if you’re buying your insurance from an insurance agent.

5. Discount on being claims-free: As mentioned earlier, insurance companies are delighted by anyone who reduces their risks and by those who have not claimed insurance anywhere from five years or more. Each insurer will have a different time period stated to avail this discount, so ask around, and you’re sure to get a discount of up to twenty percent, when you’re claims-free.
These are just five great ways to save on your premium payments, talk to your Insurer and you’re sure to get more discounts you never knew was possible.

Five Tips to Find a Home Insurance Broker

Choose a trustworthy and experienced insurance broker for your home insurance requirement to ensure that you are offered the best available deal in the market.

A qualified insurance broker can support and guide you through the process of insuring your house with sufficient cover. They can negotiate competitive insurance rate as they are independent service providers and not affiliated with any specific insurance company.

Below are the five standard tips to find a best home insurance broker for your property–

1. Use Referrals and References to verify the reputation of a broker – Referrals can be a great way to start the search for an experienced insurance broker. You can ask around to your friends in workplace or different apartment communities to provide the reference for trustworthy brokers, for whom they might have used while buying insurance for their homes.

2. Stay Confident Of Your Requirements – When you decide to meet an insurance broker, organize your property details and coverage requirements. This will help you to explain to the broker easily as to what you are expecting from your home insurance policy. You might not be able to calculate the exact coverage amount but insurance broker will assess your information and advise you suitable coverage and expected insurance premium range.

3. Find Their Specialization– Just like any other profession, you can find an expert in insurance broker also who specializes in a certain type of real estate property that you are interested in. There might be some nuances related to each property type that an expert can help you understand. You can ask the broker his work history to know more about his expertise.

4. Consider Other Qualities Also and Not Only the Price – Cost is an important factor but it is not everything. You might want to look for an insurance broker who is helpful and easily accessible. You might come across a broker who would go an extra mile to keep the process of buying a home insurance as easy and stress-free as possible and make you feel appreciated. You would want an insurance broker who is reachable, keen to help with all required information and make the whole process a lot easier.

5. Able to Advice Options Based on Your Requirements – A better insurance broker will keep you updated with details reacted to your insurance policy and can explain its benefit for your property. You can get precise references aligned with your property type and get you maximum benefit at reasonable insurance cost. It can be a big red flag if insurance broker has guarded nature. You might want someone who is upfront with the pro and cons of a policy.

You can make a well-informed an educated decision with the help of a reputed insurance broker. They have access to more coverage options than an insurance agent as they do not work to sell products of any one company and hence can give an honest opinion based on the requirement.

Enhance the Value of Your Money: Invest in the Small-Cap Funds

Don’t you know that you can increase the value of your money manifold? If you already know about it, then why you are left out of the amazing world of mutual fund investments! And if you don’t have any idea about what the starting line is all about, then read below to understand the concepts of small-cap funds so that you too can reap multiple benefits from them.

What Are Small-Cap Funds?

The mutual fund schemes which invest in the stocks of small companies or basically start-ups are termed as small-cap funds. The small-cap companies are those who have a market capitalisation ranging from Rs. 500 crore to Rs. 1000 crore. There are several unique features in this category which make them the most opted one among the others. They are also known for generating high capital appreciation in the long term. Here are some of the amazing facts about the small-cap stocks which you will love to know.

Small-Cap Stocks: The Facts

Temporary Price Dis-connectivity : Mostly the small-cap schemes are known for their highly rewarding nature, but there is a contradictory fact which reveals the other face. Basically, in the initial years, the small companies keep competing for their survival in the industry. But, at that time least people bother to invest in their stocks as they do not see any growth opportunity in them. When one or the other such small company start chasing the growth, it comes under the notice of the investors. It attracts the herd to invest in these stocks, and in this way, with time it turns into a bigger entity resulting in the increase in value of the assets. The investors who stay invested in the small caps since their inception earns the utmost benefits. However, they face temporary price dis-connectivity in the initial years, they may also get enriched with extreme capital growth in the long run.
Thinly Traded Market : The small companies experience a phase in their initial stage where least people are aware of them. However, the shrewd investors know the benefits of investing in such stocks and rest remains unaware. That is why, initially, the traffic of the flocks remains less in the small cap mutual funds, and they provide a thinly traded market to the potential investors. Over time, when the value of these stocks grow, more people become aware of them and start deploying their money in them. The increasing demand for investments in these stocks kicks up their value, thus helping them achieve new heights of growth.
Hidden Gems : One of the amazing facts about the small companies is that they can be proved to be a hidden gem for you. Yes, you heard it right. They can turn your small capital investment into an impressive corpus. It is also because of the same reason that the small entities remain undiscovered from the eyes of the herd. And their growth keeps rolling over time and burst out attaining new heights in the long run. The wise investors always keep an eye on the whereabouts of the targeted small-cap stocks to reap benefits from their growth.
So, what are you going to do now? The best is to know about all the small-cap funds so that you can recognise one as per your investment requirements. Do it before you miss it! And fetch the big returns from the small-cap funds in the long-term period.