3 Ways to Save on Your Homeowners Insurance

Your homeowners insurance policy is your safety net for when the unthinkable happens. From natural disasters to robberies, crises happen, and having a homeowners insurance policy means you will be able to cover repairs and losses. But premiums can be pricey. Below are a few tips to help you save on this crucial insurance policy.

Make your home safer. You may not be able to control freak accidents and hazards to your home, but you can make changes to make it safer, which can lower your insurance premium. This could include updating your electrical and plumbing systems, installing or beefing up your home security system, and installing a new roof, which is less likely to be damaged by wind and hail than an older roof.

Mitigate or eliminate risk factors. There are some risk factors that come with the area, such as inclement weather. However, adding a pool to your property, building a fireplace, smoking, owning a pet, or having a trampoline can create unnecessary risks that increase the likelihood of someone getting hurt. All of these may raise your premiums.

Increase your deductible or bundle your insurance. If you have a savings account that you can always rely on, sometimes a good money-saving move is to increase your deductible, which is the amount you have to pay out of pocket before insurances take effect. You can also bundle your homeowners insurance with your car, boat or other insurance products to take advantage of unique savings.

Please feel free to contact me today if you are interested in ways to save on your homeowners insurance policy. I can help you determine what is right for you, given your individual financial circumstances and goals.