Home owners insurance is not a fixed premium. You may be able to trim a few hundred dollars off your premium by asking a few questions. Premiums are calculated by the insurance company by determining your chance of having a loss and how much it may have to pay if you filed a claim.

It may be possible to reduce your premium by up to 30-40%. Determining factors may include where your property is located, risk philosophy, the insurance company’s rate structure, discounts available and your individual policy. Call your agent and ask about the different discounts available.

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When it comes to making choices about residential property investments, it is wise to have knowledge of any Home Owner Association (HOA) and HOA management teams before you decide to invest in a particular subdivision. You should have all the related facts at your disposal before you make your final purchase decision–because even when you are only buying property for investment purposes, you can wind up dealing with HOA-related headaches. Yes, this takes some research effort, but you don’t want to find yourself without redress to issues that can arise.

HOA CONSIDERATIONS REFERENCE
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