This Is How I Blocked the Premium and Increased My Cover By 100%

With the recent hurricanes that hit the United States, it’s easy to understand how insurance companies are struggling to keep their premiums competitive while they pay out claims to homeowners and businesses. However, there are a few steps you can take to significantly increase your home insurance coverage and get a great deal on your home term insurance plans premiums as well. Here’s how I did it…

What is the coverage amount?

If you’re like most homeowners, you’re likely paying for more than you need. Although some companies offer 100% coverage, it’s not common. The average is about 85%. So if you want an increased protection, then get at least 85% coverage plan with no deductible.

Check with your agent and find out what the company will do if there’s any damage – you might be surprised! If there are two layers of cover, and one is less than 100%, then opt for the higher one.

As long as it doesn’t cost much, and it covers everything that the lower layer does plus some other extras (like water damage or loss of use) then it could be worth the added expense.

How much does good Insurance cost?

The cost of term insurance plans for an average homeowner and a business owner depends on factors such as the type of house, location, deductibles, and claims history.

A good rule of thumb is to shop around for quotes before settling on one. As with most things in life, you get what you pay for. Make sure you find out how much the policy costs before you agree to anything.

1) Builder’s Risk Policies are Waste!

A builder’s risk policy is an insurance policy that covers property damage caused by things like fire, storm, vandalism, etc. But this type of policy is not required for homeowners and can be a waste!

A general homeowner’s policy covers damage from accidents and natural disasters, but it does not cover the cost of repairing or replacing anything.

This means that even if you have a building collapse on top of your house, if you don’t have a builders risk policy then your homeowner’s insurance companies will refuse to pay for any damages – even if they were the result of an accident!

2) Know the different aspects before buying an insurer

There are many aspects to consider when buying a term insurance plans policy, including the provider and the benefits.

What you need in life protection from insurance companies may be different from what you want in living expenses coverage. What is important for one person may not be important for another. Here are some things you should know before buying an insurance:

Know what type of life protection (death, dismemberment, disability) is necessary for you and your family before purchasing a policy with only death or dismemberment. Know if any exclusions could leave you unprotected in the event of a disaster.  Check with your state’s Department of Insurance to see which insurers have the lowest rates in their area.

3) Try going with the top three insurers in the business

The best way to get the best deal is by comparing rates from several different providers. Here are the top three home insurers in the business:

Geico offers competitive rates and has been ranked as one of America’s most trusted brands for over 75 years. They offer great deals like discounts on motorcycle and boat insurance, as well as discounts for bundling auto and home insurance together.

The company also offers 24/7 customer service, which is always helpful when you need quick and effective help with something. Geico currently has an A+ rating from the Better Business Bureau.

4) Don’t make a buying decision based on advertisements

If you need to file a claim, you must have as much coverage as possible. If you are not satisfied with the amount of coverage, there are some steps that you can take to boost your cover.

For starters, try increasing the limits on what types of items are covered on your policy. A lot of homeowners do not know this but most insurance companies will give you 100% worth of cover if you increase the limits on the types of items that are covered on your policy.

It is also important to note that getting new quotes and policies from other providers may also help increase the amount of coverage that you receive.

5) Always ask for discount coupons if you are renewing your policy

Life is unpredictable, and sometimes things happen that we can’t foresee. It’s important to be prepared for the unexpected. One of the ways you can do this is by increasing the amount of insurance coverage on your property. You might think this will cost you more, but in most cases, it doesn’t!

If you want to know how much extra cover you can get for free and what type of cover provides the best value for money, read on:

Your house has an alarm system – A lot of insurers will increase their cover (up to 100%) if they know there’s an alarm system installed. Make sure that these alarms are registered with them too.

6) Ask them to give the same cover even if you increase the limits

So when it comes to increasing your home insurance, there’s more than one way to skin a cat, and the cat can be alive and well even if you remove some of its skin but that’s beside the point. This article will teach you how to get 100% more value out of your current home insurance provider while simultaneously saving you hundreds of dollars in premiums every year. Let’s get started!

With iSelect Smart360 Term Plan, you get all your premium back with no additional cost on the early exit option. We cover till 99Yrs of age. Meet your changing Lifestage protection needs with the flexibility of Block Your Premium. Tax Benefits in sec 80C. 100% Return of Premium.


So when it comes to increasing your home insurance companies, there’s more than one way to skin a cat, and the cat can be alive and well, even if you remove some of its skin… but that’s beside the point.