Home Insurance Savings Tips Include:
1. Setting higher deductibles to lower your premiums to ensure you have enough cash to cover the larger deductible.
2. Discover what companies offer discounts for smoke detectors, burglar alarms, third-party alarm monitoring systems, deadbolts, fire extinguishers, and Neighborhood Watch programs.
3. You can earn “multiple coverage” discounts using one carrier for all insurance needs.
4. Some premiums can be higher if the fire stations and hydrants are too far away.
5. Going without a claim for three to five years can warrant a discount. Most companies will also reward longevity of service.
6. Some companies offer discounts to people who have paid off their mortgages.
7. Discounts may also apply if your home was built or rebuilt within the past 10-15 years.
8. It is important to check out any non-smoker, early retirement, and live-in-housekeeper discounts.
How to Collect: You are partly responsible for loss recovery. To prevent forfeiture of coverage and increase your ability to get a settlement: Notify the carrier immediately after a loss. Make repairs to prevent further damage. List personal items damaged. Show an insurance rep the damage. Complete a statement explaining the circumstances for the insurance company.