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One major requirement of every homeowner is home insurance. Many homeowners wonder if it’s possible to get a good coverage. The price paid for homeowners insurance can vary between hundreds of dollars depending on which insurance company you got your policy. Now that you know a little about your home insurance policy, let’s discuss a few ways you can save on your homeowners insurance.

Multi-Policy Discounts: 

Buy different insurance type from the same provider to be offered a multi-policy discount. There’s always an advantage in numbers. With just your home insurance, you might be paying a premium. Talk to your insurance agent or company to discuss your saving power by purchasing your home, auto and other insurances from the same provider. Many companies will automatically include that with your premiums if you use them for more than one type of insurance.

Shop Around: 

Go around and search for one of the best and trusted insurance companies. This will require some time but is a great way to save on your homeowners insurance. Ask friends and family members or contact your local recommended insurance agent. We can always provide you with a referral as well for a reputable insurance professional.

Increase Your Deductible:

Your deductibility is considered the amount you pay before the start of your insurance if there is a claim. For instance, if you your policy has a $500 deductible and there is a claim for $2,500 with regards to damage to your home, the $500 will be paid by you and the rest will be paid by your insurance. The higher the deductible you have the less you pay for your policy. You save on your premium each year. However, you risk paying more money out if you have a claim.

Reinforce your home to be Disaster Resistant:

There are some insurance companies offering a discount for clients taking steps to make their homes resistant to disasters. This step could save more money on your premium payment if you add a retrofit for earthquakes, storm shutters, or upgrade your home’s plumbing, electrical and heating.

Maintain a High Credit Score:

It is becoming more common for insurance companies to carry out a credit check. A clean and high credit report might get you a premium discount. If your credit isn’t all that great talk to us. We work with an excellent credit repair consultant that can get you off on the right path. We can also look at paying down your debt with a refinance to increase your scores.

Group Insurance Discounts: 

There are some organizations out there with special insurance programs for employees, most often with a 5% to 10% discount featuring payment via payroll deduction. You could as well be qualified for a discount if you are a union member, alumni association, auto club, or a professional group.

At The Orlicki Group we only work with the best insurance professionals. If you’re wondering if you could be saving money, let us refer you to a top notch insurance pro for your needs.

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