Home Insurance Savings Tips

Real Estate

Home Insurance Savings Tips

Each renewal period you may want to shop around and compare rates.

Make sure your insured property value amount is enough to replace your property in the event of a total loss.

Set higher deductibles to lower your premiums.

Most companies offer discounts for smoke detectors, burglar alarms, third-party alarm monitoring systems, dead bolts, fire extinguishers, Neighborhood Watch programs.

Earn “multiple coverage” discounts by using one carrier for all of your insurance.

Premiums will be higher if fire stations and fire hydrants are too far away.

Going without a claim for three to five years may warrant a discount. Most companies reward longevity of service. Some companies offer discounts if you’ve paid off the mortgage.

Discounts often apply if your home was built or rebuilt within the past 10-15 years.

Check out non-smoker, early retirement, and live-in-housekeeper discounts.