 TITLE: What Is Not Covered by Homeowners Insurance? CONTENT: How to Save on Home Insurance\n-----------------------------\nDepending on where you live, you may need or want more homeowners coverage than the standard policy provides. Fortunately, there are plenty of ways to protect your home and still keep costs down.\n*   **Improve your credit score.** In many states, a good credit score may help you qualify for lower insurance rates. That's because some insurance companies check your credit and use credit-based insurance scores—a special type of insurance score—to assess how likely you are to file a claim. Before you apply for homeowners insurance, check your credit report for any negative information, such as delinquent accounts. Your credit reports from all three major credit bureaus are available for free through AnnualCreditReport.com. Your credit report and scores can be had for free directly through Experian as well. You can help improve your credit score by paying all your bills on time, reducing your debt and avoiding applications for new credit.\n*   **Increase your deductible.** The deductible is the amount you'll pay before the insurance company pays out your claim. Homeowners insurance deductibles may be either a dollar amount (typically starting at $500) or a percentage of the total claim amount (such as 2%). Raising your deductible generally reduces your premiums; however, be sure you can handle the additional cost should you have to file a claim.\n*   **Shop around.** You can research and get quotes for homeowners insurance online or by contacting an insurance agent. You may get more options by working with an independent agent who represents several insurance carriers, not just one. Compare at least three companies' quotes for the same amount and type of coverage, with the same deductible, before making a decision.\n*   **Ask about discounts.** There are plenty of ways to get policy discounts; investigate what each insurer has to offer. You'll typically get a discount for \"bundling\"—that is, buying more than one type of insurance policy from the same company. Some insurers offer discounts for paying your premium in full upfront, setting up autopay or buying insurance online. Employers and membership organizations often offer discounts for employees or members who use certain insurance providers.\n*   **Protect your home.** Taking steps to safeguard your home can lower your insurance premiums as it reduces your risk. For example, you might receive discounts for installing smoke detectors or storm windows; replacing outdated heating, plumbing or electrical systems; or installing safety and security features such as burglar alarms, smoke detectors or a fence around your swimming pool.\nProtect Your Investment With Home Insurance\n-------------------------------------------\nLike any type of insurance, homeowners insurance can be complicated. Read your policy carefully to make sure it covers the biggest risks that might affect your home. If you're not sure about something, ask your insurance company for clarification.\nYour home is your biggest investment, so don't skimp on protecting it. Maintaining a good credit score can help you qualify for lower premiums so you can get the coverage you need and still keep a roof over your head. END