Having enough coverage for all possible risks remains crucial in your homeowners insurance. There are a lot of factors that go into calculating your premium, but there are many ways to help lower it without sacrificing the quality of your coverage. Here are the best ways you can save on your homeowners insurance!

1. Bundle Insurance

When you bundle your insurance, you’re essentially buying two or more insurance products from the same agency. Many insurance agencies provide discounts or rewards for services you bundle together, which ultimately helps you save more money in the long run. This great opportunity for discounts not only applies to your home insurance, but also your auto, health, life, and business insurance plans!

2. Strong Credit

This may seem like common knowledge, but having a strong credit rating can make all the difference with your costs. The better your credit score is, the lower of a risk you are to the insurance company (resulting in lower premiums). All insurance companies perform a “soft check” on your credit when they provide a quote, which is a huge factor in how much you will be paying for insurance. If your credit is not strong, it’s incredibly important that you start improving it. 

3. Home Improvements

Home improvements can help you save due to discounts offered for quality built homes. These improvements consist of projects that help make your home stronger in terms of structure, function and longevity. This does not refer to cosmetic improvements such as new flooring, paint, etc. If you make improvements such as getting a new roof, new plumbing, new AC system, and more, then you may qualify for a handful of discounts.

4. Update Your Information

Your current insurance company can’t provide additional discounts if they don’t know you qualify. Keep your insurance company informed about any changes to your home. Life events are another easy way to snag a few additional home insurance discounts. For example, if you’re getting married you could be eligible for a married couple discount. 

The Next Steps

Now that you know how to save on your homeowners insurance, go ahead and book a free appointment below to see how we can help you save even more!

Americans buy insurance for a lot of things: homes, cars, their health care—even their lives. But what about firearms? Homeowner’s insurance can provide coverage but . . . it’s complicated.

As a firearm owner, there are special considerations that must be made when purchasing homeowner’s insurance. When determining the total coverage amount needed to protect your home and possessions, you should consider the value of your firearms separately. Additionally, attention must be paid as to whether or not your policy provides adequate coverage should someone be injured or killed by a gun.

Many insurers limit the amount of loss you can claim should your weapons be damaged or stolen. For example, a standard limit of $1,500 – $2,500 may be imposed per personal property claim. To determine your limits of coverage, read through the fine print of your policy. If your home is burglarized, would that amount cover the cost to replace your firearms? If you own multiple guns, customized firearms, shooting accessories, rare or antique weapons, the likely answer is “no”. To obtain additional coverage, your insurance company may offer a rider, also known as a scheduled personal property endorsement. A rider offers additional coverage for specific items of value, such as jewelry, antiques or firearms. The company will likely require a list of firearms and their appraised value to secure this coverage.

Owning firearms brings the added responsibility of making sure you are adequately covered in the event of a tragic accident. While I trust you take all necessary precautions to prevent an unintentional shooting, being a responsible gun owner means you must acknowledge accidents do happen. Most insurance policies cover injury or death due to accidental firearms discharge the same as any other accident. However, the standard liability limit for many policies is $100,000. Should the worst happen, the cost of medical bills and potential payouts for pain, suffering and attorney’s fees can easily top that. Many major insurances companies cap the amount of liability coverage available on a standard policy and some also have exclusions to firearm coverage. Check with your insurer to determine the scope of these limits.
Beyond the coverage offered through a traditional homeowner’s policy, you can purchase supplemental insurance especially for guns. Policies for firearms are available for upwards of $1,000,000. These policies cover repair or replacement of firearms and accessories as well as liability coverage for unintentional shootings at home, the range or while hunting. Supplemental coverage can also cover unexpected claims. For instance, if one of your guns is stolen and used to commit a crime, expanded liability protection would come in handy should a negligence lawsuit be filed against you for allegedly failing to properly secure your firearm. A note of importance: homeowner’s policies exclude intentional shootings from coverage, even in cases of home or self-defense. For example, if you shoot an intruder and the criminal or their family then sues you, it is NOT covered. These policies cost more than standard insurance, but most cover bail bonding, legal defense, medical and counseling bills, and attorney referral. The peace of mind a personal liability insurance policy offers often outweighs the monetary cost.

For a risk-free analysis of your homeowners insurance policy, give us a call today 423-485-3078.