1: An alarm system will save you in more ways than one. Looking at a house with an alarm system in it? Not only will you and your home have added protection, but it can save you money with discounts on your home insurance premiums.

2: Accidents do happen. Consider your liability exposure in a home. Is there a pool that isn't properly fenced? What about uneven concrete that could cause someone to trip and fall. The more hazards there are on a property, the more your liability protection will cost.

3: Depending on the location of the home, your insurer can identify whether additional riders will be necessary to make sure you are adequately protected.

4: It needs a little work. If you're buying a fixer-upper, flag this for your insurer. When you add value to your home, your insurance policy needs to reflect the increased replacement coverage cost.

5:Don't judge a book by its cover. If your insurer isn't comfortable with an item after reviewing the home inspection report, you should take a closer look before you buy.

6: Just a phone call away. When you're making a purchase of this magnitude, take the time to do your research and speak to your insurance expert.