How to Save Money on Your Homeowners Insurance

Everyone throughout the country needs homeowners insurance. Not having insurance may seem like a money-saver, until the worst happens. Not having insurance coverage could cost you thousands of dollars. But having insurance doesn’t mean you have to blow your budget; here are some ways you can save on your monthly premiums and maybe even lower your deductible.

Alarm System
Even if you live in a relatively safe neighborhood, you should have some type of alarm system. Not only will they alert authorities to a break-in, but they can be summoned in the event of a medical emergency as well.

Updated HVAC system
A modern system will save you money on your energy bills as well. Insurance companies want to know that your heating and AC system are functional and safe. Having an updated HVAC system is a win-win for everyone.

Updated electrical system
While it’s true that older homes have character and charm, electrical systems shouldn’t be part of that ‘old character’. If your home is still using old-school fuses or knob-and-tube wiring, you may have a problem with your insurance company. For your safety and for your wallet, make sure your electrical wiring system is updated throughout your entire home.

Close to a fire hydrant or fire station
The closer you are to a fire hydrant, fire station, or police station, the less you will pay for premiums. The insurance companies breathe a sigh of relief knowing that in the event of an emergency, crews will arrive quickly and can get things under control, thus minimizing the damage.

When you’re shopping around for homeowner’s insurance in Palatka area or other area, make sure you read the fine print carefully and get the coverage you’re looking for. Ask your insurance rep to clarify anything you don’t understand.

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