10 Ways To Save On Your Gulfport Home Insurance
If you haven’t bought a new homeowner’s insurance policy in a while, you may find that you are paying too much to insure your Gulfport home. Most people are able to save a substantial amount of money every year by making a few simple adjustments to their homeowner’s policy.
1. Comparison shop. Don’t assume that because you have used the same insurance company for years that you are getting the best possible price.
2. Increasing your deductible by $500 can save you hundreds of dollars in premiums. Be careful not to take on a deductible that you cannot afford if you need to make a claim.
3. By a bundle. Most insurance companies offer discounts to customers who purchase auto, home and life insurance from their agents.
4. If you reduce the insurance company’s risk by making your Gulfport home more hurricane resistant, you will be rewarded with a lower premium.
5. Know the numbers. A significant portion of the cost of homeowner’s insurance is based on the cost to rebuild the home. Be sure your insurance company’s numbers are accurate by getting quotes from local builders.
6. Increase your security. A home security system, smoke and carbon monoxide detectors and deadbolt locks can all prompt small discounts on homeowner’s insurance.
7. Ask for discounts. Many insurance companies offer discounts to retirees and stay-at-home parents because a total loss is less likely when someone is home. Loyalty discounts are also common in the industry, but you may need to ask to get them.
8. Check with your employer, your credit union and any professional associations you affiliate with to find out if they offer a group homeowner’s insurance policy.
9. Insurance companies often lose customers to other companies with lower rates. To encourage long-term customers to stay with their company, most offer discounts to customers who have carried insurance with them for more than five years.
10. Review your riders. It is important to add riders to your insurance policy to cover valuables such as jewelry and art. If you sell or give away those possessions, be sure to inform your insurance company so you don’t continue to pay the additional premiums.