How can I lower my premiums?

Because your premium is based partly on the level of risk the insurance company must take, there are things you can do to lower your premium.

Installing deadbolt locks (to discourage theft), fire extinguishers, smoke alarms, and burglar and fire alarms that alert your local police and fire stations can often save you up to 15 percent on your premium. Check with your agent before purchasing any of these items to see if your insurance carrier has specific requirements to qualify for the discount.

Home discounts are often available if you insure both your home and automobile with the same company. Another way to save may be to increase the deductible on your homeowners policy. If your deductible is $500, it means that you agree to pay this amount first, and your insurance company will pay for damages that exceed this deductible. By increasing your deductible from $500 to $1000, or even $2,500 you can save a lot of money.

Also, it pays to shop around for insurance coverage just like anything else. Of course, you may want to keep in mind that the extent of coverage also determines the premium cost so the cheapest policy is not necessarily the best. Your agent can help you evaluate the different policies and companies so you can make the choice this is right for you.

How much will raising my deductible save me on my premium payments?

Policyholders may significantly reduce their premium payments by raising their deductible. You are unlikely to submit a “small loss” so put money in your pocket by taking advantage of higher deductibles.

Am I getting all the discounts available?

Many home insurance discounts are available for:

• higher deductibles
• multi-policy
• claim free
• groups
• professional associations
• credit unions
• Alarms

How are prices determined for renters insurance?

Renters insurance is surprisingly inexpensive. That’s because you are not insuring a building. Like all property/casualty policies, the value of your property to be insured and other risk factors are weighed by the insurance company to determine your premium. Your independent agent can help you find the best combination of coverage and cost that you determine are right for you.

How can I save on my homeowner insurance?

Talk To Us

As independent agents, we represent several companies that will compete for your business. We know all the ins – and – outs, discounts, and tricks of the trade. Let us do the shopping for you. When you consult with us, we’ll help you make all the right homeowner insurance decisions. Most importantly, at a time of loss, we represent your interests, not those of an insurance company. In the event you have a claim, you can count on us to work with you for a fast, fair settlement.

Opt for a Stable Insurer

While most insurers provide fair settlements, speed and quality can be almost as important as money. Be sure the carrier you choose has a reputation for fast quality claim service.

Ask About Discounts

Most insurers offer discounts that you may be eligible for. Here are some of the most overlooked discounts. Check with your agent on:

• Multi Policy (Account Credit)
• Alarms (Fire, Burglar)
• Occupational discounts (teacher, police/firefighters, government employee, etc),
• Union (ILWU), Association, or Credit Union Member discounts
• Renewal discounts
• New Home, Newly remodeled, New Purchase discounts

Don’t Under-Insure – Choose appropriate coverage limits

Under-insuring you home will cost you BIG at claim time. Saving a few dollars up front could cost you a significant amount of money in the event of a loss, as you are liable for any verdict/award over your coverage limit.

For most people the Basic Level ($100,000) is way too little. It is generally very inexpensive to increase your liability limits to the next level.

Choose The Contents Coverage & Limits

Do you have Replacement Cost or ACV coverage? You don’t want to replace that $2,000 couch with a $250 “Actual Cash Value” (ACV) payout!

Don’t over-insure.

Excess Liability (Umbrella)

This is economical coverage that picks up where your auto (and homeowners) liability leaves off. Umbrella Coverage adds protection over you Home/Auto/RV’s/Etc and can save huge amounts in the event of a large judgment against you.

Select The Right Deductible

Most home claims are large, so why carry a low deductible. If you carry a deductible under $500 you are paying too much. As maintenance items are not covered, by “self insuring” and bumping up your deductible to $1,000, $2,500 or more you can lower your home insurance premium significantly!

Install Safety devices / Security Credits

Installing Safety and protective devices such as Burglar alarms, Fire alarms, Fire sprinklers, Deadbolts, Fire Extinguishers, and the like can reduce your premium. Is your home in a gated community, part of an association, or has a guard watch service? Ask your agent if these discounts are included or available on your policy.

What is my Loss of Use / Additional Living Expense Limit?

If you can’t live in your home because of a covered loss, this coverage pays while damage is assessed and your home is repaired or rebuilt.

What is your limit? Is there one? Is there a time limit? Cash or 12 month time limits can be costly if you have a loss.

Do I have coverage for…

• Mechanical Breakdown
• My Home Office / Business
• Amway / Tupperware / Etc.
• My Maid / Housekeeper / Incidental Workers Comp

Optional Coverage’s & Packages can save you big $$$

Packages are often available that include additional / increase coverage’s in a bundled price!

• ID Theft
• Scheduled Jewelry
• Artwork / Collections
• Guns / Silver / Coins / Etc.
• Breakables (China, Glass, etc)
• Food Spoilage / Sewer Backup / and more