Homeowners Which Of The Following Will Not Help Robert Lower His Homeowners Insurance Premium? insurance is a necessity for most people. It’s your insurance policy that protects you and your family in the event of an accident or other disaster. But like any other insurance policy, homeowners insurance comes with a cost. And one of the costs is your premium. Which of the following will not help Robert lower his homeowners insurance premium? A) Listing his home as vacant B) Increasing the value of his home C) Decreasing the use of his home D) Increasing the size of his home Answer: D) Increasing the size of his home
Robert is young and healthy
Robert is young and healthy, so it’s likely that his home insurance premiums will stay the same regardless of which of the following he does.
1. Remove any foreclosure or condemnation notices from his property
2. Maintain a clean and well-maintained property
3. Avoid any large claims or damages on his property
4. Attempt to negotiate a lower premium with his home insurer
Robert has a low credit score
Robert has a low credit score. This means that his borrowing capacity is limited, and he will likely pay more for home insurance than someone with a higher credit score.
One way to help Robert lower his homeowners insurance premium is to get a low-interest loan from a bank or credit union. By using this type of loan, Robert can reduce the amount of money he needs to borrow to purchase a home and improve his credit score at the same time.
Another way to help Robert lower his homeowners insurance premium is to have a good safety record. This means that Robert has never had any claims filed against him for property damage or loss. Having a good safety record will help reduce the premiums that an insurer charges for coverage.
Robert has a large family
Robert has a large family – six children and three grandchildren. His home is valued at $200,000.
Some things that could help lower Robert’s homeowners insurance premium are having low claim rates in the past, having a solid home warranty, and having a properly maintained lawn and shrubbery. Additionally, Robert should also keep an up-to-date report of all damage done to his property over the past year on file so that if there are any big claims filed against him, he can quickly provide evidence of what needs to be fixed.
Robert has a strong rental history
Robert has a strong rental history. This will not help him lower his homeowners insurance premium.
Renting out your home is one way to reduce your homeowners insurance premium, but it’s not the only option. Other factors that can affect your premium include how often you use your home and the type of coverage you have. For example, if you have comprehensive coverage, you’ll likely pay less for homeowners insurance than someone who only has liability coverage.
The following items will not help Robert lower his homeowners insurance premium: replacing the windows, installing storm doors, upgrading the roofing material, and adding solar panels.