16 Dec Three Simple Ways To Save Money On Your Homeowner’s Insurance
Three Simple Ways To Save Money On Your Homeowner’s Insurance
Thanks to our friends Jason and Jackie Rusch with the Platinum Insurance Group for this guest blog post. They’d like you to know what are three simple ways to save on your homeowners insurance, often while maintaining the same level of coverage for less money.
1. Increase Your Deductible — If you have a claim your deductible is the money you’re responsible for before insurance kicks in. For example, if you have a $500 deductible and you file a claim for $2000 of wind damage to your home, you’d have to pay the $500 and your insurer pays the balance of $1500. So the higher your deductible you have means that you pay less for your policy. It’s important to keep in mind that there is the risk of having a claim but you’ll be saving on your premiums every month.
2. Only insure what is necessary — Personal property coverage is automatically in your home policy. You can adjust this amount. To save money you can lower your protection if you don’t need as much. Keep in mind that you might need more. A good agent can help you with a quick personal property calculation. There are also items that are subject to special limits such as jewelry and computer equipment so pay attention to those.
3. Stay safe, save money — Home security items such as deadbolt locks, smoke detectors and burglar alarms can sometimes be worth discounts of up to 20% on your home policy. Not all insurers offer discounts with security features. Make sure that before you have anything installed that you check what type of systems qualify for a discount and how much you could potentially save on your premiums.
If you have other questions or insurance needs contact our friends, Jason and Jackie Rusch at 801-682-3721 or email@example.com.