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6 Ways To Lower Your Homeowners
Insurance
1. Help Us Shop Your Insurance - A month before your
renewal, you will receive a questionnaire from us. It is important you
fill it out and return it to us as soon as possible. We call our
renewals on a regular basis and review the questionnaire with you so
that we can shop your homeowners to get you the best possible rate.
2. Raise Your Deductible - The higher your deductible, the more
money you can save on your premiums. We recommend a deductible of at
least $500. If you can afford to raise your deductible to $1,000, you
may save as much as 25%.
3. Don't Confuse What You Paid For Your House With Rebuilding
Costs - The land under your house isn't at risk from theft,
windstorm, fire and the other perils covered in your homeowner's policy,
so we don't include its value in deciding how much homeowner's insurance
to buy. Notify us if you make upgrades or increase the size of your home
so that we can increase your coverage for the improvements.
4. Buy Your Home and Automobile Policies From The Same Insurer
- Many of our companies that sell homeowners, auto and liability
coverage will take 5% to 15% off your premium if you buy two or more
policies from them.
5. Updates On Your Home Can Save You $$$ On Insurance - If
you own an older home, consider modernizing your heating, plumbing and
electrical systems to reduce the risk of fire and water damage. The age
of your roof can also affect your premium.
6. Improve Your Home Security - You can usually get
discounts of at least 5% for a smoke detector, burglar alarm or dead
bolt locks. Most of our companies offer to cut your premium by as much
as 15% or 20% if you install a sophisticated sprinkler system and a fire
and burglar alarm that rings at the police, fire or other monitoring
stations. Please notify us if you add one of these systems to get your
discount.
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