Want to Save Big on Home Insurance? Here are some tips!
by adminHomeownership is already a burdensome task on its own, especially if the insurance is overpriced. Isn’t it? The best news is that there are many ways or practical tips you can implement to reduce your homeowner policy premiums. Apart from some factors that are just out of your hands, like location and home value, you will be amazed at how many cost-saving possibilities are actually in your hands!
Install a Monitored Home Security System
Let’s begin by purchasing a monitored home security system, which will inevitably help you save lots of cash. Insurers are always motivated when they know that you are always active in protecting your property, so don’t be surprised when they come up to you with an offer. Now, make sure that you have a security alarm that is monitored by a genuine security company and not by the do-it-yourself setup. Insurers need to be certain there will be prompt alarms in the event things go awry.
Maintain a No-claims Bonus
One of the simplest ways to save is for a few years of no claim filing. A responsible homeowner who does not apply for minor claims regularly is given an attractive additional price cut for their efforts. Typically, most insurance companies start offering you a no-claims bonus within 3 to 5 years of paying your premiums on time.
Allow a Soft Credit Check
Many people commonly do not consent to a soft credit check. Companies regard an excellent credit score as evidence of your ability to uphold your obligations, and you are less likely to be prosecuted for frivolous reasons. By giving them the right to check it out, they can knock off as much as 10% of your premium. Do not be concerned. It is just a soft credit check; therefore, your credit score remains intact.
Other Discounts to Consider
Furthermore, there are discounts for living in a recently built home in the last 10 years, owning your home with no mortgage, increasing your deductible, bundling your home and auto insurance, being an older mature homeowner, not smoking in your house, and paying your premiums annually instead of monthly.
The Bottom Line
To sum up, home insurance is a cost that one may not want to pay, but it is undoubtedly a mandatory expense to cover. After all, what’s the point of depriving yourself of hundreds of dollars worth of savings by not taking an extra minute to tick a few extra boxes on the form?
Get the Best Surrey Home Insurance
Worried about our Surrey location and the risk of missing out on significant discounts? No more of this, as you will get the best Surrey home insurance service from Prime Insurance Centre. Contact their friendly staff and review your policy to find where you could save. Being ripped off by overpaying for home insurance isn’t the way to go, better get them looking for the most affordable rates.