Home Insurance: 5 Ways To Lower Your Premium

If you want to lower your home insurance premium, you can shop around and compare different policies. You can also consider raising the amount of liability insurance you have if you want to decrease the overall cost of your policy. 

For example, if you have a policy that offers coverage for a certain amount of jewelry, you should be sure to declare any expensive pieces you own. Doing so will help decrease your potential liability if they are lost or stolen and will likely reduce your policy’s overall cost. For expert advice, give us a call at Capital Insurance in Spokane, WA.  

Research and Become Innovative 

Even if your house is currently covered, staying on top of the latest home insurance trends doesn’t hurt. If you have insurance, it’s important to stay on top of any changes. Many providers offer a grace period where you can switch plans without incurring a lapse in coverage. 

Home insurance doesn’t have to be expensive. By shopping around and selecting the right policy, you can save money. Stay with the same insurer if you have a multi-policy discount. To reduce your premium, make your home more energy-efficient. Reduce your home insurance premium with these five methods: 

  • Boost the deductible
  • Look for discounts
  • Eliminate unnecessary coverage
  • Remove old structures
  • Bundle your policies

You can reduce the premium by adding a safety system. Some systems, like a fire alarm, come with a discount. Others may be eligible for a discount if you install them. To lower your premium over time, consider upgrading your policy from HO-1 to HO-3, increasing your deductible from HO-1 to HO-2, and installing a security system are just a few ways to lower your premium over time. Upgrading your policy to HO-3 will give you a higher limit on your policy’s liability coverage. You will lower your premium when you increase your policy’s deductible from HO-1 to HO-2. Installing a security system will also lower your premium over time. 

Give Us A Call

When shopping, get the best policy for your needs. You can reduce the likelihood of claim denial by keeping your policy up to date. Use documentation of any improvements to your home, such as renovations or a newly installed security system. Call Capital Insurance in Spokane, WA and we’ll be happy to serve you.