insurance

South Windsor Homeowners Insurance – 4 Money Saving Tips

South Windsor Homeowners Insurance – 4 Money Savings Tips

How can you save money when buying homeowners insurance? Here are 4 money savings tips to use when shopping for homeowners insurance.

Safety Features – One of the easiest ways to save money on your insurance.  Install a burglar and or fire alarm that is monitored at a central station.  Insurance companies have found that home owners who have these types of devices installed have a lower chance of damage or loss to their property.  Ask your agent about discounts available if you have installed one of these systems.  You might see a 5-10% discount in your annual South Windsor Homeowners Insurance premium, not to mention peace of mind!

Deductible – The deductible is the amount of a loss that a home owner pays in the event of an insured loss.  It could be a percentage or a fixed dollar amount like $500 or $1000.  By willing to accept a larger amount for a deductible you lower the possible loss for the insurance company and will lower your annual premium.  Make sure that your annual deductible does not exceed the maximum you are allowed by your lender.  Remember that you are agreeing to cover a larger portion of a loss by doing this, you are accepting a greater portion of potential risks.  Ask you agent about what different deductible options can do for your annual premium.

Combine Policies – Insurance companies make more money from multiple policies and will offer policyholders a discount for combining home owners and auto policies together.  Ask about how much money you can save by combining your policies.

Pay Off Your Mortgage – Insurance companies know those who have paid off their mortgage are a lower risk that those who have a mortgage.  As a result they charge home owners who do not have a mortgage less on their insurance.

Here are 4 Money Saving Tips for South Windsor Homeowners Insurance.  Looking for a quote on home owners insurance, contact Evan Cooper at Bearingstar 800-300-4180 extension 846, or email her at evan.cooper@bearingstar.com.