7 Ways to Save Money on Your Homeowners Insurance
BY EARL SIMONS
* MULTIPLE POLICIES, ONE INSURANCE COMPANY
If your automobile insurance company is not the same company that carries your homeowners or renters insurance, you are paying too much for both. The fact is, most insurance agencies offer substantial discounts to clients who insure their vehicle and home with the same company. The discounts are at least 15% and some insurers apply discounts to both the vehicle and the homeowner policies.
* GOOD LOCATION-GOOD RATES
Where you live, and the structure of your home can make a difference in your premiums. A brick home in an area prone to wind damage, or a frame home built to withstand an earthquake are examples of appropriate structures for the areas in which they are built. A home close to a fire station will also save you money on your homeowners insurance. If your home is located in a flood zone, you will have to pay for flood insurance in addition to your homeowners insurance. The right structure and location of your home can save you up to 15% on your insurance.
* INSURE THE HOUSE, NOT THE PROPERTY
When purchasing homeowners insurance, you don’t need to insure the land, since you don’t expect anyone to steal it, and fire and wind wont destroy it. When you insure your home, do not include the value of the land. You will be paying too much.
* SAFETY SAVES
Not only can you protect your family and your property, but you can also save money by installing smoke detectors, burglar alarms, and deadbolt locks. Installing these items can save you at least 5% on your insurance. You can save up to 20% by installing a sophisticated sprinkler system, or an alarm system that is linked directly to your police department or security company.
* SMOKING- IT’S NOT JUST A HEALTH HAZARD
Smoking causes more than 23,000 residential fires in the U.S. each year. Some insurance companies offer discounts to homeowners who do not smoke.
* CONSULT YOUR AGENT BEFORE FILING A CLAIM
Before filing a claim with a 1-800#, call your agent. Most companies now surcharge your policy if you have a loss that is not wind or hail related. Call Earl, he can advise you if it’s worth it to file a claim which may end up costing you more in the long run.
* GROUP DISCOUNTS
Some companies offer discounts to certain businesses or associations.
* STICK WITH ONE COMPANY
If you have been with the same company and you are content with their service and products, stay with them. Some companies offer discounts for policyholders who have been insured with the company for a certain number of years.
Get Quotes now at http://www.mycaliforniainsurancequotes.com/
About the author
Earl Simons has been in business since 1991 representing major insurance carriers such as the Farmers Insurance Group of companies. He has been awarded many company honors for production and service during that time. After starting as a sales representative at Power Insurance in Santa Fe Springs Ca, he made the move and opened the Simons Insurance Agency. Earl specializes in Commercial and Life insurance.