Home Insurance Savings Tips

Financing

Home Insurance Savings Tips

- 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.