5 Simple Ways to Save on Your Homeowners Policy

    One of the first things you have to acquire when purchasing a home is homeowners insurance. After all, you want to protect perhaps one of your largest investments, and insurance can be costly. Below are 5 ways to chip away at your insurance premium.

    Enroll for Electronic Billing
    Your insurance company may offer savings if you sign up for auto bill pay. Additional savings may also be available if your policy is emailed rather than mailed. Not only will you save some money, but you’ll also reduce the clutter.

    Multiple Line Discounts
    Do you have auto insurance with a different company than your homeowners? You could save hundreds by simply moving your vehicle to the same company that holds your homeowners policy. In addition, your savings could be greater if you have umbrella and life policies as well.

    Security Systems
    Do you have a security system in your home that you may not be utilizing? Your insurance company will offer a discount if you have your home monitored. They also offer discounts for fire alarms and sprinkler systems. Safety first!

    Home Remodeling
    If you’ve updated or remodeled your home in the last several years, discounts are more than likely available if you’ve replaced the roof or updated the electrical, plumbing and heating, system.

    Complete a Wind Mitigation Form
    Do you have an older home with the existing roof? Ask your insurance company if you can have a licensed roofer complete a wind mitigation form to receive a discount. Wind mitigation insurance is the only inspection that is almost guaranteed to result in some level of insurance discount on your premium. It saves me over $500 a year on my premium.

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