How To Get Discounted Home Insurance

9 February 2015
 Categories: Insurance, Blog

Home insurance credits can save you a lot of money. There are certain things that will make insuring your home less of a risk to your insurance company and this means that they will be willing to lower your home insurance premium significantly. Here are four reasons that your insurance company may give you credits.

Gated Communities

Living in a gated community is an excellent way to increase your security. Having security at the main gate is even more impressive to insurers, since this provides protection from burglars and vandals. Your insurance company will recognize this and give you extra credit. This usually means that you can get a significant discount on your insurance premium.

Home Owners Association

Having good neighbors can work in your favor, especially if you and those neighbors come together to ensure the safety and protection of the homes in your community. Insurance companies are usually impressed by a strong neighborhood protection system, and this will make them more willing to give you a reduced premium.

Rewiring Your Home

Old wiring in a home can cause fires, homes that have new electrical wiring have less risk of being destroyed by fire. If you have recently rewired your home, then you should point this out to your insurance company and show them proof that the home has been rewired. This will usually impress them enough to qualify you for a discount.

Sturdy Roofing

The roof of your home can take a lot of beating form rain, snow and hurricanes. These forces of nature can damage your roof significantly and home insurers know that roofing claims can require them to pay out big amounts. The sturdier your roof, the more willing your insurance company will be to give you a reduced premium. If you have invested in impact resistant roofing then you will normally qualify for discounts on your premium. The sturdier the material that you use for your roofing, the bigger the discount your insurance company may be willing to give you. Most insurance companies will require that the material on your roof be tested by a laboratory, in order to verify that the roof is made up of high quality material.

Finding out what qualifies you for discounted home insurance rates is the best thing you can do to make sure that you get all the discounts and credits you should receive when you apply for home owner's insurance.