Homeowners insurance is a necessity for helping you mitigate the financial fallout that comes after a disaster. Although this is one of your most essential home expenses, it’s always nice to figure out a way to get a discount. Insurance companies often offer discounts when you reduce your risk as a homeowner, and these are a few key ways to make that happen.
Add Safety & Security Features
Many of the most common home insurance claims come from preventable problems. Fires, water damage, and vandalism are just a few issues you can deter by making a few changes around the house. Naturally, adding a burglar alarm and camera system or a gas leak detector benefits you in general by reducing the chance of something bad happening. Putting in extra smoke alarms, fire extinguishers, and deadbolts on the doors are a few more simple improvements that can make a difference. If you’ve done these things recently or are planning to, it doesn’t hurt to ask your insurance company if they could give a discount for adding these safety features.
Consider Making a Few Home Improvements
Some bigger home improvements can also show an insurance company you’re less likely to need to file a claim. For instance, putting on a new roof reduces the risk of major damage from storms. Installing a new water heater or HVAC system can reduce the risk of fires, gas leaks, and water damage. Storm windows are another way to upgrade your home and prevent problems in certain climates. Updating critical areas of your home also demonstrates responsible homeownership that could make your insurance company feel more comfortable about giving a discount.
Bundle Multiple Policies
Home insurance companies typically offer other types of coverage as well. Most likely, you also need insurance for your car. You may also need life insurance or coverage for your business. Bundling your policies lets your insurance company know you’re likely to be a loyal customer, and many companies offer discounts to make it easier to pay for multiple policies.
Inquire about Special Personal Discounts
Your insurance risk also varies according to different types of personal characteristics and lifestyles. For instance, a nonsmoker is less likely to have a house fire simply because this eliminates the risk of leaving a lit cigarette near flammable objects. People who work from home are at less risk of having burglaries occur at their properties because thieves tend to avoid places where people are at all day. You may be eligible for a senior or retiree discount, since older adults are known for having extra security measures in place. Even being a new homeowner might score you a discount with a company that wants to help you adjust to this additional expense during a time when you’ve just managed a major financial feat.
Following the tips above can help you save money on your insurance costs. For reliable, affordable homeowners insurance, San Diego homeowners know they can trust Altra Insurance Services. We also provide renters, commercial, motorcycle, and auto insurance. Request a free quote by calling one of our friendly agents today at (800) 719-9972.