When you own a home, your goal is to protect and preserve it as best you can. The right homeowners insurance policy can help you accomplish that goal. Making sure you have sufficient coverage can be expensive, but there are ways you can cut the cost and still maintain that level of coverage. Your insurance agent can help you find many different ways to make your policy more affordable.
Here are nine tips to help you save money on home insurance in CA.
The fastest way to lower your premiums and make them more manageable is to increase your deductibles. Many people choose a lower deductible, not realizing the impact on their premiums and how much they will pay each month to keep their insurance in place.
Things change over time. Therefore, it's important to review your policy every year and eliminate any unnecessary coverage that you have in place. Many people maintain the same coverage for years, not realizing that some types of coverage are no longer needed.
Keep an accurate inventory of your possessions and update it whenever necessary. This is the best way to ensure you are not over-insuring your possessions. While some items like antiques or collectibles may require additional coverage, it's essential to keep your basic coverage as accurate as possible. This can save you a lot of dollars throughout your policy.
Get your homeowners policy reviewed every few years. This will allow you to either increase or decrease your coverage as needed. This is a must if you have upgraded your home or completed any renovations. It ensures you have the right amount of coverage at all times.
The best way to keep your insurance affordable is to avoid filing claims. Over time, numerous small claims can add up, increasing your premiums and possibly making it difficult for you to get coverage in the future. Consider each claim before you file it and how it will affect your insurance in the future.
Inspect your roof, HVAC, plumbing, and electrical systems regularly. This will allow you to discover any problem areas and make repairs before they become major concerns. The cost of making simple repairs earlier is much lower than making extensive repairs later or not having your claim approved due to poor maintenance.
Get rid of plastic pipes and replace them with braided steel hoses. Inspect your home thoroughly and check for areas where improvements can be made. Replace your old furnace with a newer one with a more energy-efficient system. Do the same with your electrical panel or fuse box. Upgrade your appliances and look for ways to make your home more efficient.
An alternative way to lower your premiums is to pay them less often. You will pay more if you are billed monthly. Save a few dollars a month and pay annually instead.
Keep your home and family safe by installing a home security system with home automation features. Whether you have it monitored by a third party or monitor it yourself, you will reduce your risk of loss tremendously.
When you consider saving money on your homeowners insurance, don't do it by reducing your coverage. Our agents at Fuller Insurance Agency can help you lower your costs and maintain the coverage required to protect your home and family. Contact us today to learn more!
