How to Get Best Home Insurance in Singapore?
Posted by hlasinsurance on December 12th, 2015
Do you know that you don’t need to pay full price when you buy your home insurance? Also, you can get lots of discounts. Thus, if there is the first time you buy your home insurance in Singapore, you should ask your insurance company about that before signing a new insurance coverage. Here are some tips that may help you to get cheaper home insurance in Singapore.
1. Take multiple insurance policies with the same insurer. Insurance companies that want to go on with your business are willing to reward you for taking multiple policies. If you take your home insurance as well as car insurance from the same insurance company you can save 30 percent in some instances. Nowadays, many insurance companies are putting life insurance into the mix. In this case, you can save more if you take your home insurance, auto insurance and life insurance from the same provider.
2. Raise your deductible. The deductible is the amount money of your loss which you’d have to pay yourself before the insurance works. It will depend on the level of risk you can handle. You can save a lot of your home insurance premiums by taking a high-deductible policy. This policy is suitable for those who won’t worry about any type of loss due to they have the best protection of their house. With the maximum deductible you can save as much as 35 percent of the premium as possible.
3. Install an advanced alarm system. Carbon monoxide sensors, burglary systems and fire alarms can help to cut home insurance premiums. The discounts will be greater if you have installed an advanced monitoring system. Alarms can cut premiums by 10 percent connecting to a central station. But alarm companies state that the insurance savings can be up to 20 percent or even more if you buy a particular security system.
4. Keep a customer of the same insurance company. Insurance companies may offer you the cheapest home insurance for you as long as you can remain a customer for as long as possible. It is true that many insurers want to keep customers by offering them a discount ranging from 5 percent to 10 percent.
