4 ways to save on your homeowner insurance premiums

Interested in ways to save on your homeowner insurance premiums? Below are a few easy strategies that may lower your homeowner insurance premiums without reducing the amount of coverage.

1. Increase your deductible

A deductible is the portion of any covered loss that you pay before your policy provides payment. Often you can lower the cost of your insurance when you increase your deductible. Savings would start right away. You would only have to pay the deductible amount if you have a covered loss. For most, the overtime premium savings more than make up for the occasional, out of pocket expense of a deductible.

2. Insure both your home and auto with the same insurance company

If you package your home and auto coverage, you often receive additional savings on your home and your auto premiums. If you were wishing to save even more money, try packaging your insurance for your boat, motorhome, jewelry, rental properties and more with your homeowners.

3. Improve your home security

The following protective devices may lead to savings:

-Smoke Detectors

-Fire and burglar alarm that rings police, fire, or other monitoring system

-Sprinkler system alarm

-Secured community

-Temperature monitoring system

-Backup generator

-Automatic water shut-off system

4. Age 50 or retired?

Most likely if you’re retired you have a better chance of spotting a loss situation like fire or water leak than working people would. Retired people also have more time for maintaining their property. So if you are over 50 years of age or retired, you may be eligible for a discount.

If you would like to learn more about all of the discount opportunities, contact us!

Source:

Groh, Connie. “4 Ways to save on Your Homeowner Insurance Premiums – The Cincinnati Insurance Companies Blog.” The Cincinnati Insurance Companies Blog. N.p., 30 June 2016. Web. 30 June 2016.

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Flood Loss Prevention

Living in a high-risk flood zone can increase the likelihood of experiencing a flood, but being outside a high-risk zone does not mean homeowners are safe; flooding is always a possibility due to causes such as heavy rains, snow-melt and spring thaws.

The best way to  minimize loss resulting from a flood is to have a plan in place to protect your family and property before, during and after a flood.

Click on the logo below for tips on flood loss prevention and how to keep your family safe in the event of a flood.

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Damage to premises rented to you coverage: tenants beware – The Cincinnati Insurance Companies blog

When you rent space for your business, check the coverage limitations in your insurance policy.When leasing a building for your business, you have an obligation as a tenant to compensate the building owner for damage caused by your operations. It pays to be familiar with your insurance policy to assure that you have no coverage gaps or surprises in the event of a loss.Almost every standardized commercial insurance policy provides tenants with some coverage for certain types of loss under these circumstances. This coverage can usually be found in a Commercial General Liability endorsement and is usually very limited.

Source: Damage to premises rented to you coverage: tenants beware – The Cincinnati Insurance Companies blog

Hiring A Contractor: Types of Home Improvement Professionals | Insurance Info & Safety Information

Hiring A Contractor: Types of Home Improvement Professionals Whether you’re planning an addition for a growing family or simply getting new storm windows, finding a competent and reliable contractor is the first step to a successful and satisfying home improvement project. Your home may be your most valuable financial asset. That’s why it’s important to be cautious when you hire someone to work on it.

Source: Hiring A Contractor: Types of Home Improvement Professionals | Insurance Info & Safety Information