Five Ways to Save
On Your Home Insurance
home selling articles and tips
It seems that the cost of everything is on the rise, prompting most people to look for ways to reduce monthly and annual expenses. One area to review is the cost of your home owner's insurance. Due to lifestyle changes or other situations, you may be missing out on some discounts you are not aware you are entitled to. There also may be steps you can take and home improvements you can make that will lower your premium.
Non-Smoker Discount
Many insurance companies offer a lower rate if there are no smokers in your house. If you were a smoker and have stopped smoking since you got your policy, you should discuss a rate reduction with your agent. If you or someone living in your home is a smoker, perhaps the idea of gaining a rate reduction will be a great incentive to stop smoking.
Retirement
If you or your spouse have recently retired, you might want to inquire about the mature insured credit. Insurers offer this credit based on the idea that retirees are at home more than someone who is employed outside of the home and are more likely to notice something, such as water leak, before extensive damage occurs.
Security System
Adding a security system to your home can result in a rate reduction. Modern home security systems offer a variety of monitoring devices such as burglar, fire and smoke alarms. According to a Vancouver security systems specialist, installing a high-tech sensor security system can qualify you for as much as a 10% insurance credit.
Roofing Credit
Your roof is what protects the contents and structure of your home, so insurance companies are concerned about the condition of your roof and the type of roofing material you have. Impact-resistant roofing is graded according to class. Many insurance companies offer a credit for roofing material labeled a Class 4.
Wiring
Insurance companies frown on homes with outdated wiring because they pose an increased risk of fire. For your own safety, and as a way to save on your home insurance, you may want to have a professional electrician put in new wiring.
If you have had your current home owner's insurance policy for quite a while, it would be worth your time to meet with your agent to discuss any home improvements you have had done or lifestyle changes that have occurred. You might also ask for suggestions concerning specific things you can do to save on your home insurance.
Informational Credit to Astro Guard Alarms Vancouver Ltd
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