4 Tips To Cut Costs On Your Homeowners Insurance

If you have a home, you may be paying more for homeowners insurance than you would like. It's not just the cost of the insurance policy that can be a concern. You also need to factor in the amount of coverage you need, which can vary greatly based on your new home's structure. 

We have compiled a list of tips to help you cut costs on your homeowners' insurance. Our coverage is comprehensive and provides peace of mind for all homeowners.

Tip #1: Maintain a Security System
Many homeowners insurance companies require installing a home security system if you want your homeowner's insurance policy to be valid and cost less. It is because your policy would be invalid without the minimum required coverage.

Tip #2: Raise your Deductible
It might be tempting to stay below the $1000 deductible, but this might not be the best way to save on your homeowners’ insurance. 

After all, only the homeowners would be left paying for the damages in the case of a fire. For that reason, many experts recommend setting the limit at least $1000, or as high as $2500, if you have extra to spare. But be wary. Not all companies will cover the damages for this amount. 

Tip #3: Plan ahead for Renovation
Since homeowners insurance costs are based on your current home's structure, a home that is about to be completely renovated will likely see its homeowner’s insurance premium jump. If the remodeling is part of insurance, you will see that as a direct deduction from your premium.

Additionally, if you plan to use the home for temporary living purposes, you will still see your premiums rise, as your premiums will not be considered an investment property.

Tip #4: Look for Multiple Policy Discounts
Most insurance companies, like Arnold Insurance Agency, offer savings for increasing the coverage of your home. You can easily do this by splitting your coverage into two policies. Most insurance providers offer discounts based on age, personal characteristics, or the size of your home. 

Examine your policy statement for discounts and utilize them to cut down your monthly premiums. We have compiled a list of discounts to help you save on your homeowners' insurance premiums. 

At Arnold Insurance Agency, LLC, we do our best to ensure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (318) 965-5953 or Click Here to request a free quote.