Homeowners insurance is essential but can get expensive quickly. The average homeowner spends roughly $1100 a year on a homeowners insurance policy. Depending on your financial system that cost can quickly become a burden. Luckily, there are some easy steps you can take to minimize your homeowners insurance costs as much as possible.
Many insurers will offer discounts to customers who bundle multiple types of insurance policies together. This is particularly common for homeowners and auto insurance policies. If you find yourself needing both, consider getting those policies from the same provider. It could save you a significant chunk of change over time.
Boost Your Security
When insurers are deciding on the premium cost for a homeowners policy one of the factors they consider is the overall security of the home. By making your home less susceptible to fires and burglaries you can significantly lower your homeowners costs.
Some of the easiest ways to do this are to install an emergency sprinkler system in your home in case of a fire. Another great move is to have a professional security system installed. Both of these items can go a long way towards making your homeowners premium more affordable.
Talk To Your Insurer
Many insurers offer obscure discounts for their homeowners policies. Take the time to speak with your insurer and ask about any additional discounts you might be able to qualify for. For example, some insurers offer a homeowners discount if no one in the house smokes. Others if the house is pet free. These random discounts can add up to measurable savings over time.
No one should have to abstain from purchasing a homeowners policy because they can’t afford the payments. Accidents happen and if you don’t have a pile of cash ready to cover repair costs, an insurance policy is your best bet.
To learn more about your current policy, or to find out about a new policy we encourage you to reach out to TGS Insurance at www.tgsinsurance.com.