Homeowners Insurance: Ways to Save

Posted on December 8th, 2015

Everyone that has a house has homeowners insurance and Saving money is almost always a priority. But most customers do not realize that there are many ways that you can lower your insurance premiums. Here are a few suggestions that may help.

Burglar Alarm:

One option that might reduce your homeowners insurance premium is installing deadbolts on your doors. This simple addition could actually effect the premium by up to 5%. If a full burglar alarm system is installed, then it is possible to lower the premium by as much as 15-20%. These percentages can change drastically. Contact your insurance agent to see if installing a burglar alarm would help lower your premium. Also, it is not a bad idea to add these features because it will add to your safety!

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Swimming Pool:

This is another area that many homeowners do not consider. Swimming pools are a lot of fun and a great way to cool off in the summer, but they can also be dangerous. Homeowners insurance is about reducing risk. So installing a fence and a pool cover makes it less likely that something will happen by accident. Talk to your insurance agent to see if there are ways to make your home and property safer.

 

Smoke Detectors:

When was the last time that you checked your smoke detector? They seem insignificant, but they are very important. Having an adequate amount of smoke detectors and making sure they all work can how your insurance premium. So when they start beeping instead of taking the battery out, replace it!

Deductible:

Every homeowners insurance policy has a deductible. The deductible is the amount that the homeowner pays when something that happens to the house. The size of the deductible is customizable to the customer. So the larger the deductible, the less the homeowners premium is. For example, if a window is broken and the deductible is low, the insurance company will pay for it. If the deductible is high, then the homeowner will pay for the replacement of the window. Again, talk to your insurance agent to see what the available deductible options are.

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Homeowners Insurance and Auto Insurance:

Another great way to save some money on your homeowners insurance policy is by using the same company to insure both your car and home. Most insurance companies will offer discounts if the the two types of insurance are purchased together. An independent insurance agent can check across multiple insurance carriers to find the best option possible.

 

Wise Insurance Agency can help you with your homeowners insurance policy and get you the best insurance that fits your needs.