A recent study by the Independent Insurance Agents & Brokers of America revealed some pretty startling news: that many Americans – as many as 53 million households – are not taking full advantage of the homeowner’s insurance discounts that are available to them.
Right now you are probably thinking: what type of discounts have I missed out on, too?
Well, for everyone looking to save a buck or two (and who isn’t?), there are many homeowner’s insurance discounts that are seemingly right under your nose, just waiting to be taken advantage of.
So, after you’ve examined your policy to make sure that your coverage, limit and deductibles are meeting your needs, consider getting in on some of the many discounts that may be available to you. Although all of the following discounts are not available to all homeowners, one thing’s for certain: it doesn’t hurt to ask.
Questions to consider about your homeowner’s insurance policy:
- How old is your home? If it’s less than 10 years old, you may be eligible for a nice discount. Many insurers recognize that new homes are usually built to strict standards, thereby making the home safer and homeowner’s insurance rates lower.
- Do you have a security system installed in your home? A home security system, with monitoring services, can provide you with a nice discount on your homeowner’s insurance. Other security discounts to be aware of include: deadbolts, sprinkler system (interior), smoke detectors and carbon monoxide detectors.
- Are you retired? If so, many insurance companies can offer you a deep discount on your homeowner’s insurance policy. Most policies discount individuals older than age 55.
- Are you a non-smoker? Smoking in the house increases the chances that a fire will result; therefore, many insurance companies offer discounts to households in which no one smokes.
Take the time to learn about all of the discounts that are available to you, and consider making changes to your home that will lower your premiums. Over time, even a few dollars a month adds up to big bucks, so don’t dismiss even small discounts.
