Top 5 Ways To Save Money On Your Homeowners Insurance Premium

Homeowners insurance is a necessity if you own a home. It protects your home and possessions in the event of damage or destruction due to fire, theft, or other disasters. Homeowner's Insurance Premium also provides liability protection if someone is injured on your property. There are a few things you can do to lower your homeowner's insurance premium. Here are the top 5 ways to save money on your homeowner's insurance premium:

1. We will help you shop around for the best rate. Homeowner's insurance rates can vary significantly from one insurer to the next. We will compare rates from several insurers before selecting a policy.
2. Raise your deductible. The deductible is the amount you will pay out-of-pocket if you need to file a claim. By raising your deductible, you can lower your overall premium.
3. Install security devices. Installing security devices such as burglar alarms and smoke detectors can help to lower your premium.
4. Don’t insure unnecessary items. Homeowners' insurance policies have limits on the amount they will pay out for certain items. If you have valuable items that are worth more than the limit, you may want to purchase additional insurance coverage for them.
5. Keep your credit score high. Homeowners with good credit scores tend to pay less for their insurance than those with poor credit scores. Maintaining a good credit score is one of the best ways to save money on your homeowner's insurance premium.

At Moran, we offer unique insight into the homeowner's insurance marketplace that can help you get the best coverage for your needs at the most competitive prices. Our experienced and dedicated staff will work with you to develop a customized insurance solution that fits both your budget and your coverage requirements. And because we're an independent agency, we have access to a wide range of insurance carriers, so you can be sure you're getting the best possible value for your insurance dollar. Contact us today to learn more about how we can help you protect your home and your family.

Homeowner's Insurance Policies

Homeowner's insurance policies typically cover the cost of repairs or replacement for your home and belongings in the event of damage or destruction due to certain perils, such as fires, storms, theft, or plumbing leaks. Your premium is the amount you pay for your coverage, and it is generally based on the value of your home and possessions, as well as the amount of liability coverage you select. Homeowners insurance is typically required by lenders if you have a mortgage on your home. Some homeowners choose to purchase additional coverage beyond the basics provided by their homeowner's insurance policy. This might include protection from floods or earthquakes, which are not typically covered by standard policies. You can also purchase umbrella liability coverage, which provides additional protection if you are sued for damages that exceed the limits of your homeowner's insurance policy.

Way To Save On Your Insurance

There are a few things you can do to help lower your Homeowners Insurance Premium. One thing is to let us help you shop around and compare rates from different companies. Another is to ask about discounts and see if you qualify for any. Some common discounts include bundling your Homeowners Insurance with other types of insurance, such as auto or life, having a home security system, or being claims-free for a certain period. You may also get a discount if you have made updates to your home, such as installing storm windows or adding a new roof.

Types Of Homeowner's Insurance

Homeowner's insurance premiums can vary significantly from one insurer to the next. Factors that affect homeowners insurance rates include the type of home, the age of the home, the location of the home, and the amount of coverage. Homeowners can save money on their premiums by increasing their deductible, bundling their policies, and taking advantage of discounts. Discounts are available for a variety of things including installing security systems, being claim-free, and more. Homeowners should speak with their agents to see what discounts are available to them. Some insurers offer discounts for green homes as well. Green homes are typically more energy-efficient and therefore cost less to insure. At Moran, we work directly with providers of all sizes to ensure that you get the best deal on your homeowner's insurance. We are independent insurance agents who are highly experienced and knowledgeable in the market. We will shop around for you and make sure you are getting the coverage you need at a price that fits your budget. Give us a call today at 888-308-3921 and let us help you find the perfect homeowners insurance policy for your needs.