Just about everyone is looking for ways to save money every month. Because of this, many end up skimping out on things that they shouldn't. If you are looking to cut down on your monthly expenses, you don't want to do it by sacrificing on your homeowners' insurance coverage. To help make sure you get the coverage you need at a price that is going to work for your budget, here are three things you can do to help you save money each month.
Bundle multiple policies together.
If you don't have your auto and home with the same company, there is no time like the present to switch carriers and combine the two together. The amount of money you save when you bundle the policies is well worth it in the end. Not only do you save on your home, but you also save on your auto. It's a win-win situation all around. If you aren't able to insure both through the same carrier, you could also check into something like a life insurance policy or recreational policy to still take advantage of the discount and add on even more coverage for your home.
Ask about the no-smoking discount.
Depending on what carrier you go with, some are willing to give you a discount if you don't smoke. The main reason being that countless fires end up breaking out in homes each year from a cigarette or ashes that weren't put out all the way. It doesn't take much to spark a fire and have it spiral out of control. When you minimize the risk to the insurance carrier, they are going to reward you with a discount.
Have a security system installed.
For many individuals, installing a security system is a no-brainer. Not only do these amazing systems provide you with the peace of mind you need when inside of the home, but they also help you cut back on the amount of money you are going to spend each month on your insurance premium. Make sure your new system includes buttons for the local fire and police department as well as sensors and motion detectors for all of the main rooms.
By looking into some of the different information above, you are sure to find a method that is going to work for you. Don't ever assume you are stuck with the rates given. There are always ways to save on your policy.
In a few months, my husband and I plan to begin a major renovation on our home. During this extensive project, we will be ripping out old flooring, redoing our front porch, and building a 600-700 square foot addition. After all of our hard work is complete, we should have significantly more equity in our house than we do now. As a result, my spouse and I will need to re-evaluate our home insurance policy. We will likely need to increase our policy’s coverage. On this blog, I hope you will discover some of the most common reasons for increasing the value of a home insurance policy. Enjoy!