There is a perfect financial implication in seeking ways to save revenue. The problem is that finding those "secrets of economy" is not necessarily an easy task. This is especially true when it comes to your premium. The rules of insurance will change from company to company and it is difficult to identify how you can actually save your insurance premiums. I like you. I want an answer. So, I went out looking for secrets to save money for home insurance.
I asked the license insurance agent. He enumerated 10 strategies that might save money on your home insurance. These hints vary from company to company. It is always a good idea to consult your insurance company before using money for improvement. Or, from an insurance company, get an estimate of an insurance agency that can estimate from 15 or more insurance companies, and find an insurance company that lowers insurance for that improvement.
1. Wind Reduction Credit If your home is older than 2002, if you have an updated roof, or if it is after 2002, some insurance companies will offer wind credit credits to you To do. In order to qualify, a qualified expert wind relaxation inspector has to check the house. As your house passes, the inspector will give you a certificate that your house is more likely to be exposed to a strong wind breeze. Also, when living in Florida, insurers are obliged to lower the fee for certain wind reduction functions. Some of the features the windshield inspector is looking at when investigating your home are the concrete block structure, the presence of guy-end braces, the presence of hip roofs, single or double roof straps, the presence of secondary water resistant barriers , Or shutter and opening protection. With Wind Mitigation credit alone, you can save up to 45% insurance money for home owners.
2. Fire and burglar alarm credit There is an insurance player that gives credit for fire and burglar alarm if monitored in the middle. This means that the fire and alarm system will be invoked when it is called in a fire and / or police station or other monitoring facility. It is also beneficial to install a sprinkler system. These systems are not cheap, check with the insurance company first to see if they are offering discounts, how much discounts are obtained, and how many products / services they accept as "safe" recommend to. Next, check the price and confirm that the discount exceeds the cost. You can also check smoke alarms and deadbolt discounts.
3. Discounts on AARP, AAA and the Elderly If you are deemed a member of the AARP, AAA or the elderly, you can get discounts from the insurance company. Most insurance companies already cite seniors' discounts based on your age, but it is always a good thing to check if you are offering by calling an insurance company and see if it is receiving . Please make your insurance estimate that you are an AARP or AAA member. If you join after the beginning of your policy, please call and let us make a discount.
4. Certified Builder Discount When your home is built by a certified builder, you can get discounts from the insurance company. Certified Builder Your insurance company is a reputable company. Each insurance company has its own list. In most cases, you need to build a new house to qualify. Not all insurance companies offer this discount, so please check with you. If you are considering building a new house, you can save money on a long term by calling your insurance company and obtaining a list of approved builders.
5. Good credit Based on your credit insurance companies are offering increasingly more discounts. By maintaining a good credit score, opportunities to saving in housing insurance will increase. We recommend that you confirm credit with various credit bureaus several times a year. Please check if it is accurate, otherwise follow the step of contesting claims against your credit. As a general rule of thumb, keep your credit outstanding low, pay bills on time, so that you do not actually get credit more than you need.
6. Multiple insurance contracts and faithful customer discounts If you buy insurance from your home in combination with another insurance such as a flood or a car, you can receive multiple insurance premium discounts. Because we have more than two insurance contracts for the same insurance company, we can save 5% ~ 15% cost. First of all, check the price to affirmatively evaluate that multiple policies are cheaper than individual policies with other carriers. You can also get discounts only to be a loyal customer maintaining insurance with the company for a certain period of time. Please check with your insurance company to see if these discounts are available and how you can qualify. If you maintain insurance with a single carrier over the years and you are eligible to receive a faithful customer discount, check to see if you offer multiple policy discounts on it.
7. House of value and valuable people of all real estate make mistakes in guaranteeing possessions of possession, not actual structure, but possession of own property. In the case of hurricanes and tornadoes, the ground will not be hurt by winds and floods. Make sure you guarantee your property based on the cost of rebuilding your house and replacing your valuables.
8. Increase Deduction Most insurance companies recommend $ 500 deduction. However, increasing the deductible amount to $ 1000 will save you 25% of the premium. The deductible amount is the amount that the insurance company needs to pay before paying for the claim. Remember that if the refund is different, you will need a separate compensation. For example, the hilly wilderness region may have another deduction for wind damage, earthquake PRONAME may have different deductions for your earthquake policy and hail storm. The PRIME area may have another deduction for hail damage. If you look at all possibilities and choose to increase your deductible amount, please keep at least that amount in emergency savings account.
9. Review policy restrictions We always want to cover all of our possessions. However, due to the decline in value, there is no longer a need to pay a premium for products equivalent to $ 5,000 a year ago, which is worth 3000 dollars today. Please check the actual value of your valuable holdings and see if you can reduce or eliminate the floater. Floaters are special insurance covering valuables that are not normally covered by standard homeowner insurance, such as high-end computers and other technical equipment, expensive jewelry, valuable art work.
10. Surrounding Shopping Good consumers do around the shop to save money. The easiest way to shop for the cheapest home insurance is to look for an independent insurance agency representing many insurance companies. If your insurance agency can estimate customers from the base of more than 15 insurance companies, if you ask a small agency that can make a quote, the likelihood of getting a better deal will increase. Home insurance companies cheaper rates to those areas. All coverage is the same. There are no insurance companies offering insurance companies different from other insurance companies. The only difference is service and price. By holding a large number of insurance companies to estimate it is guaranteed that you get the best price possible.
