3 ways to save on your home insurance
Home insurance can save you tens or even hundreds of thousands of dollars if your house becomes damaged by harsh weather, floods, fire or is targeted by thieves or vandals.
Home insurance can save you tens or even hundreds of thousands of dollars if your house becomes damaged by harsh weather, floods, fire or is targeted by thieves or vandals. Having this financial protection is reassuring, but it’s also nice to be able to cut down on the cost of your premiums. Here are three ways to save money on your home insurance.
1. Make home improvements
Insurance companies will often adjust their rates based on your home’s construction. Making your house safer by upgrading wiring, plumbing and building materials could earn you a lower premium.
Improvements that make your house more resistant to damage can also save you money. For example, since installing a sump pump or a backwater valve reduces your chances of making a water damage claim, this will generally lower your premium.
2. Improve your home security
Having a robust security system in your home helps keep you and your family safe and may also earn you a discount on your insurance. Good ways to beef up your home security include:
· Installing a fire and burglar alarm that contacts a monitoring station or emergency responders
· Hard-wiring smoke and carbon monoxide detectors
· Installing fire sprinklers
Keep in mind that not every security system qualifies for a discount. Speak to your broker before investing in one.
3. Purchase a newly or recently built home
If you’re shopping for a home and you have the choice between an older and newer one, know that the latter is likely to qualify for lower insurance premiums. Newer houses and apartments are less likely to have issues resulting in insurance claims. In addition, recent construction typically comes with a warranty. Most insurance companies will take these factors into account when calculating a premium.
Home insurance in Nova Scotia
Count on the team at Eisenhauer Insurance to save you money on your home insurance. Our friendly, knowledgeable brokers compare all the providers for home insurance in Nova Scotia to find the policy that suits your personal needs at the lowest price. We can also help you choose the right business insurance, car insurance and travellers insurance.
For a free quote, contact us today, or visit us at our office in Halifax, NS.