If you think that the cost of the coverage is too high, we can help you reduce it without having to compromise your needs. From discounts offered by your home insurance broker, to maintaining your home properly, there are many ways to retain your peace of mind without breaking your bank account when purchasing home insurance.
Top 7 Ways to Save Money on Your Home Insurance Coverage
1. Bundle Your Home and Auto Insurance
Insurance companies often provide incentives in the form of discounts if you buy multiple policies from them. Moreover, even insurance brokerages offer perks such as reduced fees if you purchase more than one policy from them. This can help you save a substantial amount.
2. Enhance Security of the Property
According to reputable home insurance brokers, the rates often depend on the location and security of your property. Since your home insurance policy covers loss due to theft, taking adequate precautions by installing high-end security devices can reduce the odds of a break-in. This could make you eligible for a lower insurance premium because the insurer will consider you less likely to file a claim. Be sure to check with your home insurance broker to ensure you are eligible for a discount, before installing any alarm systems.
3. Proper Home Maintenance
Maintaining your home helps to keep things in working order and avoids overspending on utility bills. Thus, upgrading some of the elements of your home can help save money on your insurance policy.
4. Decrease the Number of Claims
Contrary to popular belief, you should avoid making a claim for every incident of damage. You may use your insurance for any major problems, and repairs, however, if the issue is small enough for you to take care of it by yourself, you can reduce your premium by minimizing the number of claims you make. Also, you can choose to pay the premiums annually instead of monthly to get an additional discount.
5. Reduce the Chances of Hazards
Most home insurance brokers recommend minimizing the potential hazards to your home to lower your insurance costs. You can accomplish this by quitting smoking and having regular inspections and maintenance of your roof, driveways, and walkways.
6. Increase Your Deductible
Another way to lower your premiums is to increase your deductible. Although you will be responsible for a higher portion of each claim, your premium amount will reduce.
7. Work with Reliable Home Insurance Broker
When it comes to obtaining home insurance quotes, it is wise to work with professionals. Choose a reputable insurance broker who can understand your needs and help you get affordable, comprehensive coverage.
Get Home Insurance Quotes with Us
Orr & Associates has the best home insurance brokers to help you. We have qualified and trained professionals to understand your needs and help you choose the most suitable coverage accordingly. Customer satisfaction is of the utmost importance to us, which is why we have tie-ups with the top insurers to meet the varied needs.
If you are looking for a home insurance broker to help you get the right policy to safeguard your property, call us at 905-833-6691 or toll-free 1-866-521-5926 for more details. You could also request an online quote by filling out our online form.