Home Buyers Agent  Home Owners Insurance

1. Be sure to shop around.
It'll take a few phone calls, but they could save you a good sum of money. Ask your friends, check the yellow pages or call the California state insurance department. Also check consumer guides, Stockton insurance agents and Stockton Insurance companies. This will give you an idea of price ranges and tell you which companies or agents have the lowest prices. But don't consider price alone.

The insurer you select should offer both a fair price and excellent service. Quality service may cost a bit more, but it provides added conveniences, so talk to a number of insurers to get a feeling for the type of service they give. Ask them what they would do to lower your costs. Check the financial ratings of the companies, too. Then, when you've narrowed the field to three insurers, get price quotes.

2. Raise your deductible.
Deductibles are the amount of money you have to pay toward a loss before your insurance company starts to pay according to the terms of your policy. Deductibles on homeowners policies typically start at $250. By increasing your deductible to $500, you could save up to 12 percent; $1,000, up to 24 percent; $2,500, up to 30 percent; and $5,000, up to 37 percent, depending, of course, on your insurance company.

3. Buy your Stockton home and auto policies from the same insurer.
Some companies that sell homeowners, auto and liability coverage will take 5 to 15 percent off your premium if you buy two or more policies from them.

4. When you buy a home...
Consider how much insuring it will cost. Because a new home's electrical, heating and plumbing systems and overall structure are likely to be in better shape than those of an older house, insurers may offer you a discount of 8 to 15 percent if your house is new.

Check its construction, too. Brick, because of its resistance to wind damage is better in the East; Frame, because of its resistance to earthquake damage, better in the West. Slab floors because don't settle as much in the Stockton adobe soil. Choosing wisely could cut your premium by 5 to 15 percent.

Avoiding areas that are prone to floods can save you $400 or so a year for flood insurance. Homeowners insurance does not cover flood-related damage. If you do buy a house in a flood-prone area, you'll have to buy a flood insurance policy, too.

Stockton has a  full-time fire service? Is your house close to a hydrant or fire station? The closer your house is to firefighters and their equipment, the lower your premium will be.

5. Insure your house, not the land.
The land under your house isn't at risk from theft, windstorm, fire and the other perils covered in your homeowners policy. So don't include its value in deciding how much homeowners insurance to buy. If you do, you'll pay a higher premium than you should.

6. Beef up your home security.
You can usually get discounts of at least 5 percent for a smoke detector, burglar alarm, or dead-bolt locks. Some companies offer to cut your premium by as much as 15 or 20 percent if you install a sophisticated sprinkler system and a fire and burglar alarm that rings at the police station or other monitoring facility. These systems aren´t cheap and not every system qualifies for the discount. Before you buy such a system, find out what kind your insurer recommends and how much the device would cost and how much you´d save on premiums.

7. Stop smoking.
Smoking accounts for more than 23,000 residential fires a year. That´s why some insurers offer to reduce premiums if all the residents in a house don´t smoke.

8. Once you retire...
Retired people stay at home more and spot fires sooner than working people. Retired people have more time for maintaining their homes, too. If you´re at least 55 years old and retired, you may qualify for a discount of up to 10 percent at some companies.

9. See if you can get group coverage.
Alumni and business associations often work out an insurance package with an insurance company, which includes a discount for association members. Ask your association´s director if an insurer is offering a discount on homeowners insurance to you and your fellow graduates or colleagues.

10. Stay loyal to your insurer.
If you´ve kept your coverage with a company for several years, you may receive special consideration. Several insurers will reduce their premiums by 5 percent if you stay with them for three to five years and by 10 percent if you remain a policyholder for six years or more.

11. Compare the limits in your policy and the value of your possessions at least once a year.
You want your policy to cover any major purchases or additions to your home. But you don´t want to spend money for coverage you don´t need. If your five-year-old fur coat is no longer worth the $20,000 you paid for it, you´ll want to reduce your floater and pocket the difference.

12. If you´re in a government plan...
If you live in a high-risk area --- say, one that is especially vulnerable to coastal storms, fires, or crime --- and have been buying your homeowners insurance through a government plan, you should check with an insurance agent or company representative. You may find that there are steps you can take that would allow you to buy insurance at a lower price in the private market.

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Writing the Agreement? When you buy a home in California, you will usually sign a purchase contract. Normally, your real estate agent will complete preprinted purchase contract. You may make changes or additions to contract, but the seller must agree to every change you make.

Buyer Information

Home Loan Many people think getting a home loan is a very difficult and complex process, when in fact it is quite simple. If you take the time to understand the process and provide a lender with all the information they require - even a person with less-than-perfect credit and a small down payment can obtain a loan.

Buyer's Advisory You have an affirmative duty to exercise reasonable care to protect yourself, including discovery of the legal, practical and technical implications of disclosed facts, and the investigation and verification of information and facts that you know or that are within your diligent attention and observation. The purchase agreement gives you the right to investigate the Property. If you exercise this right, and you should, you must do so in accordance with the terms of that agreement.

Closing the Sale At closing, the documents necessary to convey your new home to you and close the loan from the lender will be executed and delivered. In addition to these standard items, the lender, the title company, and the Realtors involved may require other documents to be signed.