Time To Take A Look At Your Homeowner’s Insurance

Available Discounts:

Contact your insurance agent to make sure that you are getting all of the credits for which you are eligible. For instance, if you have an alarm system that reports to a central station (such as Brinks or ADT), in some cases, you can get up to a 10% discount. If you are over 50, you may be eligible for a discount.

Insurance companies have different titles for age based preference policies, but most do offer a mature “Save a bundle on your insurance”

One of the most common discounts is the multi-policy discount. This can save you money on your home and auto insurance. This is achieved by having both of the two policies with the same company. Generally you’ll get a certain percentage discount on both. The percentage of your actual discount will vary.

Deductibles:

You can also save money by having a higher deductible on your policy.  

Typically, insurance companies will start giving discounts at a deductible of $500 and as you increase your deductible the savings increases. Most companies offer deductibles up to $10,000.

Be sure to confirm any insurance changes with your lender. Many mortgage companies will not allow you to exceed a $1,000 deductible. If you do opt for a higher deductible amount, be sure you’re financially prepared to cover the extra out-of-pocket costs in the event of a claim.