Insurers offer several lesser-known credits that can lower your homeowners insurance premium.
As a homeowner, you probably know that measures like smoke detectors, a security system, and insuring both your car and home with the same insurer can lower your home insurance premium. What you may not know are the hidden home insurance credits. Insurers tend to offer discounts to encourage people to be more careful. Not only do the following habits help to protect your home, but they can save you money!
Old wiring or systems in poor condition can lead to house fires with little to no warning. Home fires can be dangerous and devastating, after all. Insurers are eager to prevent fires to stop claims, and homeowners should be, too. If your home needs repairs or new wiring, do so now. New wiring may even be eligible for credit.
New House or Renovation
It’s safe to say that newer homes were built with safety risks in mind. On top of that, everything in the home is new: wiring, chimneys, furnaces, pipes, and more. If you’re thinking about renovating your home, talk to an insurance agent first. He or she may be able to provide suggestions for tweaks to the project that will maximize your savings on home insurance.
Home insurance providers reward those homeowners who don’t have accidents. For those who are claims-free for 10 or more years, a discount on coverage may be offered.
Many insurers offer customers credit for being part of a neighborhood homeowners association. This is because there is often a community watch, ensuring thieves and vandals steer clear of the area. Also, people may have to maintain their home to meet the requirements of an HOA, potentially lowering the risk of accidents.
Are you still searching to find the right homeowners insurance for your budget? The professionals at Lofgren Agency work with you to find a suitable policy that meets your needs and expectations, all at the right price! Serving Hudson and beyond in New York, visit us today.