5 Little-Known Ways To Save Money On Your Homeowner's Insurance

Buying a first home can be one of the most exciting rites of passage for any adult, and that thrill is not likely to be reduced when the second home is bought. Whether you are a first-time homeowner or an experienced real estate investor, you want to put money into your home whenever possible. Therefore, saving on things like homeowner's insurance is a must. Here are some little-known ways that you can save big on homeowner's insurance.

Increase Your Home Security

Most homeowners are concerned about safety and home security, but they don't realize that they can get discounts on their homeowner's insurance by simply investing in things like a security alarm, a smoke detector, and strong locks like dead-bolts. These safety precautions will give you peace of mind and save you money at the same time. That's a win-win situation.

Give Up Smoking

Did you know that many insurance companies offer discounts for non-smokers? The reasoning behind this is that smokers accidentally cause over 20,000 house fires each year in the United States. If there is a non-smokers clause available, you may be able to save money by giving up smoking, and you'll be healthier for the decision, too.

Raise Your Deductible

Raising the deductible will mean that you will have to pay more up front in the event of an accident, but it will save money on your monthly insurance bill. Although this isn't a good idea for everybody, it may work for you and your needs. After all, you can always lower it later on when you have more to spend each month.

Work on Building Your Credit

Sometimes having good credit can result in discounts on homeowner's insurance. Oftentimes, insurance companies will look at your credit history when they are trying to decide on the optimal pricing structure for your policy. While there are dozens of other reasons for building your credit, the savings on insurance is an especially tempting one.

Keep Risky Toys Away

Having a large trampoline or pool slide can be seen as a liability when you're trying to insure your home. After all, if you have kids over to play, they are far more likely to be hurt if you have potentially dangerous equipment around. If you do want to have things like a pool in an open yard, be sure to put a fence around it for your protection, the protection of those who may try to access it, and a potential deduction in your insurance rate.

Finally, keep in mind that homeowner's insurance is a necessity for any property owners who carry a mortgage on their home. It's also a smart choice to protect any homeowners. Instead of taking the high risk of doing without it, use these tips to keep the insurance affordable for any budget. Contact a local provider, such as Southern Family Insurance, for further assistance.

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