Saving on Your Home Insurance

  

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Looking at houses, condos, or multiplexes for sale is both an exciting and stressful experience. Once you get there and are enjoying all the benefits of your community, home insurance becomes an important way of protecting your investment. If you are diligent when you purchase home insurance, you can often end up saving money that can go towards other things.

Getting the same policy at a discount:

Less expensive rates for the same policy is a reality that many insurance companies create for their clients. Some discounts can be behavior-based and others may have to do with your individual circumstances.

Here are some common types of discounts that you can qualify for:

Valuable Customer Discounts: If you are happy with your car insurance, you might start your home insurance search at you car insurer because often times they will offer a multiple policy discount. Similar to your cable television multi-packages, a multi-policy holder with an insurance company often qualifies for discounts on their home insurance or car insurance or both.

Another type of valuable customer discount that is offered by insurance companies can occur when you insure your home to the maximum value. You can also qualify as a valuable new customer with some companies when you have purchased your home within the last year and are choosing them as your insurer for the first time.

New Construction Discounts: Whether you build a new home, buy a newer home, or buy a home that has been completely restored, your insurance company will sometimes recognize that new materials and appliances will not fail as soon as they will on older homes. It is therefore a good idea to ask them in advance of purchasing your home how new a home needs to be in order to qualify for a discount.

Vanity Discounts: We all belong to several groups in our personal and professional lives. As some insurance companies have partnerships with area employers and community organizations, some of the groups that you belong to may qualify you for a discount on home ownership through your membership or employment status.

Environmental Discounts: You can often achieve a discount with your insurer when your home is certified as being energy-efficient enough to be labeled ‘Green’.

Safety Discounts: It makes sense for insurers to offer home insurance discounts to those homeowners who choose to make their home a safer place. After all, they are responsible for replacing your possessions when there is a theft or fire. Typically, arranging for 24 hour security or installing deadbolts, or security lighting and alarms will qualify you. On the fire safety side of things, adding an automated sprinkler system or adequate smoke alarms should qualify your home for a home insurance discount with many insurers.