09 Mar How can you save on your North Carolina Homeowners Insurance?
Combine Your North Carolina Homeowners Insurance and Auto Insurance Policies to save money.
Consider buying your homeowner’s and auto insurance policies from a company that offers both. Some companies offer discounts of 5 to 15% if you buy both types of coverage from them. Check around and make sure the price is lower than buying the two policies from two different companies before making this move.
Ask About Other Homeowner’s Insurance Discounts
Make sure you’re receiving all the discounts for which you’re eligible. For example, discounts exist for smoke detectors, deadbolt locks, security or fire alarm systems, fire extinguishers in the home, etc. If you’re over 55 and retired, you may qualify for an additional 10% discount.
Make Your Home a Better Insurance Risk
Ask your insurance agent what you can do to make your home less expensive to insure. Making changes that reduce the risk of damage in windstorms and other natural disasters is one example. Another is updating old wiring or heating systems, which may reduce your risk of fires and therefore reduce your premiums.
Improve Your Credit Score
Insurance companies are increasingly using credit information to price insurance policies. Don’t have too many open credit accounts, don’t charge close to the limits on your credit cards, and pay all your bills on time to keep your credit score healthy.
Risks That Insurers Shun
Insurers are shying away from some risks. For instance, owning certain types of dogs (Rottweilers, Doberman Pinschers, Pit Bulls), can limit or void your policy. Owning a swimming pool or a trampoline can increase your cost of coverage. Read all the fine print in your policy under the “Conditions and Coverages” sections so you know all the things that are excluded from coverage. You may opt to buy additional coverage to protect yourself from certain exposures.