Top Home Insurance Discounts Most People Miss

Top Home Insurance Discounts Most People Miss - Part 2

2006-09-25

Back to Part 1 of Top Home Insurance Discounts Most People Miss

Discount #5: Additional systems that will earn discounts are local ultrasonic burglary alarms, fire extinguishers, deadbolt locks on all external entryways and sophisticated sprinkler systems. Prior to your installation of these refined systems, make sure that you have the purchased the ones that your insurance company recommends.

Discount #6: Discounts are also offered if you have lived at the same address for three years or more. If you have not had a claim for three to five years, you are eligible to receive the “claim-free” discount. With this you also insure your insurance company that your house is secure and more discounts will in effect come your way.

Discount #7: Of course if you have stayed loyal with your insurance company, they will award you with loyalty discounts for every annual renewal. If you have kept your policy with a company for several years, you shall enjoy discounts that grow. The longer you stay with them, the bigger the discount you get. In line with this, you also have to check once in a while to compare prices with other policies to make sure you’re getting your money’s worth. It also matters a lot if you buy your home insurance at the same company you buy your car insurance. They usually give away discounts if you buy two policies from them.

Discount #8: Buying a new home and insuring it will earn you an immediate ten percent off.

Discount #9: A wise choice of house can possibly cut your premiums by five to fifteen percent. For instance, you live in an area known to be earthquake-prone, look for a house structure that is likely to withstand this specific type of disaster.

Discount #10: If you’re over 55, and retired, you are qualified for a mark down up to ten percent.

Other tips:
Check out a wide range of insurance companies and compare prices, services and coverage. Investing time in this will definitely pay off in the end when you find the best company that offers you the most suitable policy. With this you are sure to be happy with your long term insurance relationship.

Know that a higher deductible entails more money you can save on premiums. A deductible is the amount you are obliged to pay in case of a loss before your insurance company pays the claim. This is always according to the terms of your specific policy. Insurance companies today recommend a deductible of $500. If in fact you can pay for a raise to $1,000, you can save 25 percent more.

Keep a good credit record and this will help you find a good deal. Home insurance companies typically use these records to price and rate your premium. In making sure you are able to do this, pay your credits on time and keep your balances as low as possible. Good deals are not that hard to find once, just always be a smart investor and know all your options.

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