Tips to Get Home Insurance Discounts

Your house is probably one of the most valuable assets, filled with expensive possessions too, you own. With the help of a good home insurance policy, you can cover the cost of the building, including renovation or upgrades.  

So it is important to review your home insurance policy and the amount you pay for the cover. Doing so will get you home insurance discounts and save a substantial amount. 

Here are the five easy tips to help you get amazing home insurance discounts:

1. Shop around

All thanks to the internet, you can easily get cheap home insurance quotes online. However, you should not jump at the lowest quotes right away. It’s best to do your homework on the chosen home insurance company before you make any investment. 

Begin by checking out their official website to access major information about their licensing information, closed insurance complaints, financial data, and more. After that compare two or more insurance providers and go with the one that offers the best deal. 

2. Raise your deductible

The higher the loss you’re ready to absorb before using insurance cover, the less your home insurance will cost you every month. For instance, raising deductible from $500 up to $1000 may slash the premium cost by 25%, which leaves you with good savings without taking extra risk. 

3. Look into multiple policy discount

Some insurance companies offer you a multiple policy discount. For instance, if you get home insurance, auto insurance, and home insurance Garden Grove from the same company, you’re likely to get a multi-line discount. So, it’s also a good idea to look for such multiple policy discount to save your money while getting the most out of multiple insurances. 

4. Ask about discounts

While discounts may vary depending on different insurance companies, you can qualify for certain price breaks, if:

• Your home is secured by deadbolt locks or a burglar alarm system.

• Your home is integrated with a sprinkler system or smoke detector.

• You haven’t filed any claim for several years.

• You’re over a specific age.

Consult your insurer to check what home insurance discounts may be available for you. 

5. Value your possessions

The home insurance must cover the replacement cost of your valuable possessions in a house, including objects or items that increase in value with time. So, the annual review of home insurance is mandatory to ensure your home possessions are up-to-date and safe all the time. In case you don’t have an extensive collection of antiques or any valuable jewelry in your house, it’s best to stop paying for that extra coverage. 

So, these were some simple yet effective tips to help you get home insurance discounts. Following these tips, you can easily save a lot of money on your home insurance. Meanwhile, you’ll get the maximum cover for your home, as well as the valuable possessions inside your abode.

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Created on Dec 5th 2019 02:00. Viewed 174 times.

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