Home Insurance Credits Save You Money

You're probably aware that installing smoke and carbon monoxide detectors in your home can reduce your homeowner's insurance premiums. You might even know that a security system can lower your costs as well. However, there are many other lesser-known discounts insurers often extend to homeowners. Talk to your agent about the possibility of taking advantage of the following credits:

Gated Community — If you live within a gated community, your property is a less attractive target to burglars. This can result in a 5 percent to 20 percent homeowner's insurance premium discount.

New Wiring — Replacing the wiring in an older home can significantly reduce the chance of fire–causing electrical failures and malfunctions. Doing so may also qualify you for a credit on your homeowner's insurance premiums.

No Claims — Go at least 10 years without filing a claim and your homeowner's insurance company may slash your premiums by as much as 20 percent. Long–term customers with a few minor claims may still be eligible for a loyalty discount.

Impact–Resistant Roofing — Your roof is a major concern to insurance companies. So it shouldn't come as a surprise, that as more impact resistant materials come onto the market, the more willing insurers have been to offer rate discounts to homeowners.

Retiree — Retirees tend to spend more time at home, enabling them to respond to emergencies—such as broken pipes or a leaking roof–before they cause additional damage. As a result, some homeowner's insurance companies will extend a 10 percent to 25 percent discount if the household includes a retired adult.

This Newsletter Is Compliments Of:
Marlene Schell
Diana Wood
Janet Thompson
Lisa Davis
(714) 891-1936 - (562) 594-9721