How You Can Save on Your Home Insurance

How You Can Save on Your Home Insurance

Try out these tips to save on your home coverage.

If you own a home, then the last thing you want to do is pay more for your homeowners insurance than you have to.  Fortunately, there are many ways that you can save on your policy.  Here are some of the suggestions that you should try to reduce your home coverage costs.

  • Bundle Your Policies

Oftentimes, insurance companies sell multiple forms of insurance.  If you are interested in securing multiple policies from the same insurer, then you should bundle these policies together.  When you bundle, you unlock special discounts on all of your policies that can translate into serious insurance savings.

  • Raise You Deductible

Another way to reduce your home insurance premiums is by raising your deductible.  Your deductible is the amount of money that you agree to pay towards a claim before your insurance coverage kicks in.  It’s important to know that your deductible and your premiums have an inverse relationship.  This means that the higher your deductible, the lower your insurance rates will be.  So, if you want to save on your home insurance, raise your deductibles as high as you can comfortably afford.

  • Make Home Safety Upgrades

Homeowners can unlock special insurance discounts when they make home improvements that increase the safety of their property.  For instance, replacing your roof, investing in a home security system, and upgrading your home’s electrical system are all ways to lower your home’s risk for damage and break-ins.  This reduced risk will translate into reduced insurance costs.  Ask your insurer for a list of home upgrades that you can make to lower your insurance premiums.

These are some of the steps that you can take to save on your home insurance.  Do you have additional questions regarding your home coverage?  If so, then contact the experts at Steve Wilk Insurance today.  Check out our new office at 310 S Main Street, Suite C, Lombard, IL 60148.