Fire is the most common cause of property destruction. More than 1,000 home fires are reported on an average day. That’s one every 85 seconds! Home fires kill seven people per day. 1 out of every 310 households reports a fire each year. This is why mortgage lenders require for the homeowner to carry fire insurance to get a better deal.
Aside from the damage of the fire itself, smoke can ruin parts of the home that were unharmed by the flames. Methods used to contain and extinguish the fire, such as spraying water from fire hoses or using flame retarding chemicals can cause more damage to the property than the fire itself! These are just a few reasons fires can be so destructive.
The number of House Fires in the US dropped from 2.2M in the 80’s to 1.4M today. Improvements in firefighting methods and home building techniques have dramatically lowered the number of fires each year in the US. However, there are more than two million California homes at high risk for wildfire danger – a number that constitutes nearly 15% of all homes statewide.
Areas that are RED are High Fire Zones in Los Angeles County
Homeowners in “Very High Fire Hazard Severity and Wildland Area Forest Fire Risk” Zones, or the High Fire Zones, may have difficulty finding good quotes on fire insurance unless they fireproof their house and make it safe and protected.
Before we go on to ways you can lower the rates on your fire insurance, here you can see all the possibilities how you can make your home fire resistant. By following these steps you won’t only get lower insurance rates, but you will also protect your home from fires happening in the first place – because sometimes no money can cover the damage or the trauma due to these accidents. And as LA has many dangers of fires and earthquakes, cheap fire insurance is not a joke. It is definitely something that you should consider and that you can find as long as you are willing to search a little bit.
So, what are some other ways that you can get cheap fire insurance? Consider these different tips to make it much easier:
Cut Additional Costs to You Policy
Always determine if you need everything that the insurance policy is offering. For example, you may find that some of the policies that you are viewing are going to give you money to help you pay for a place to live if you have experienced a fire. While this may be very nice, you may have very close friends and family that you can stay with if there was an accident. In that case, you are not going to want to pay extra for this benefit on a policy. You may be able to get cheap fire insurance if you ask the company to remove this from the policy.
Other Properties Attached
There are some policies that are going to cover any buildings that are on the property and are not attached to your home. However, if your garage is attached to your home and you do not have any other buildings then there is no reason to pay for this. Again, you may be able to get cheap fire insurance if you ask for this feature to be removed from the policy. Many people do not consider asking the insurance company to make adjustments to the policy that they have presented to them but it can actually save them money.
Cheap fire insurance can be obtained if you are willing to look for discounts related to being a member of AAA AARP. These members generally receive discounts on different types of insurance policies that they need. However, most insurance companies are not going to ask you if you are a member of these organizations because they want to make as much as money off of you as possible. So, you need to make sure that you are asking the agent about these types of discounts.
Check for fire insurance through companies where you have other insurance policies. For example, if you have home owners insurance with a certain company you will want to contact the same company and ask them if they also offer fire insurance. When you purchase the policy through them you are going to see that they are going to be more willing to give you cheap insurance because you are purchasing several insurance policies through them. Bundling is becoming more and more common and it is actually a wonderful way to save you money if you are willing to look for different types of insurance policies through the same company. Some agents will try to talk you into purchasing different types of insurance from them but not all of them. So, sometimes you need to ask.
Discount For Loyal Customers
Try contacting the company that you are currently using for your fire insurance. Speak to them about the amount of money that you are spending on your current policy and ask them if they can give you a discount. When you do this you may find that they are willing to give you a break. This is especially true if you have had a policy with this company for a long time and you have never filed a claim with them. Another way you may be able to get a discount is to let them know that you are considering leaving their company. They want to keep your business and they are going to do whatever it takes to help you find a payment that you can live with. If they do not then you may want to move on anyway.
How close your home is to a fire department
If you live near a fire station, you’ll pay less for your home insurance. Homes that are located near permanently staffed fire departments usually cost less to insure, according to the Insurance Information Institute. And that’s also true for homes located near fire hydrants.
Urban and suburban homes usually get better ratings for fire protection than rural areas. Having the fire department nearby will help to keep your home safe in case of fire. And it will also help to lower your home insurance rates, a win-win.
While this isn’t something to save you from fires that might break out from the inside of your home, planting succulent plants will definitely protect you from external fires to some extent. Fencing your house around with these water-containing plants will make your house look well-protected and better in the eyes of the insurance company, thus they will calculate lower risk and lower rates.
If you’d like more information on the San Fernando Valley or Los Angeles, or to have help looking for your next home, please feel free to reach out! I’m happy to help, no obligation.