The cost to insure a home in Lewes can be a significant expense. Luckily, there are plenty of ways to spend less on the cost of home Insurance in Lewes DE. If you’re trying to cut the cost of your homeowner’s insurance, here are some great ways to save money.
Raise Your Deductible
One of the quickest and easiest ways to save money on home insurance payments is to raise your deductible. Agreeing to a higher out-of-pocket cost in the event of an accident can save you up to 25% on your yearly premiums, according to the FCIC. One important caveat: Make sure you have enough set aside in a savings account to cover your increased costs in the event of an emergency.
Improve Fire Safety
Fire safety is a huge concern to insurers, and there are many things you can do to improve the fire safety of your home. Some low-cost solutions include adding extra smoke detectors and fire extinguishers to your home. Long-term investments include installing fire-resistant roofing and siding. Talk to your insurance company to see which home improvements will get you the best discounts depending on what you can afford to spend.
Increase Home Security
Much like fires, burglary is a big concern to insurance companies. You may be able to get considerable discounts on your home Insurance in Lewes DE by increasing the security in your home. Although high-tech security systems that automatically alert the police in the event of a break-in will get you the biggest discounts, simply adding dead-bolt locks on all your doors can lead to reduced rates. Again, talk to your insurance company to see which home security investments will pay off best for you.
Bundle Insurance Policies
Want an easy way to save around 10% on your overall insurance costs? Ask your insurer about bundling your vehicle and home insurance policies. Most insurers offer discounted rates to customers who purchase both their car and homeowner’s insurance from them. If you want an even larger discount, consider buying your life insurance policy from the same company as well.
The cost of your home insurance doesn’t have to break the bank. Keep the tips above in mind, and ask your insurance agent if there are any other discounts you may be eligible for. For more information visit Ascd.net.
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