Saving More On Homeowners Insurance

Homeowners insurance is intended to protect you against any physical damage to your home, often including the structures on your property (such as a shed, pool, or detached garage) as well as your legal liability for any injuries that may occur on your property.

If you’re shopping for homeowners insurance, be sure to take inventory of all of the features in your new home. Here are the top money-saving credits:

1. An alarm system is likely to help you save on insurance since they know your home will be more protected. If your new home has a system already installed, be sure to take note and mention it to your insurance agent. Similarly, gated communities and homeowners associations can also save you.

2. Nonsmokers will often enjoy lower rates than their smoking counterparts. Where there’s smoke, there may be fire.

3. Retired homeowners may also enjoy discounted rates, as they are likely to spend more time at home where they may notice any potential home hazards.

4. Got a sprinkler system? These often come standard in newer homes, and they can translate into lower rates, along with smoke detectors! In fact, new homes in general often result in discounted rates because they are less likely to suffer any major leaks, fires due to old wiring, and the like.

5. And last, but certainly not least, is bundling of rates! It often makes financial sense to bundle your homeowners insurance with your auto policy. Be sure to ask your insurance agent how they can save you money by bundling your rates.

Since every policy is a bit different, it’s important to do a little comparison shopping. Best of luck!