Keeping Home Insurance Rates Low [Veterans of Foreign Wars Magazine]

Whether you're shopping for your first policy or looking for lower rates, consider these ways to trim costs without sacrificing coverage.

Before you buy, be sure to:

*Scout the location. Living in a safer area, such as one with a quality fire department, can mean you'll pay less for insurance.

*Check the construction. Building materials can impact your safety and insurance costs. The Insurance Institute for Business and Home Safety provides information.

* Be aware of age. Classic homes may be charming, but they could be dangerously outdated. Ask whether upgrades or prior work has brought the home up to current building codes.

*Shop around. Compare insurance companies' coverage and benefits side-by- side to get a great deal.

When you already own:

*Raise your deductible. The more you are willing to pay out-of-pocket, the less you'll pay in premiums.

*Score points for safety. Making upgrades to your home, such as smoke detectors and deadbolts, could protect you from harm and earn a discount.

*Be high maintenance. Maintaining the general safety and condition of your home, such as cleaning the furnace and replacing gutters, can help you prevent loss and save money.

*Get a package deal. Qualify for a discount by purchasing multiple insurance products from the same provider.

*Make sure your policy covers the complete cost to rebuild your home, including any additions or improvements you've made since you bought the house.

For more information, call the VFW Member Benefits Department at 1-800-821-2606, option 1.