Hidden Home Insurance Discounts

Hidden Homeowners Insurance Discounts

Since our hidden auto insurance discounts article has been very popular, we thought it was time to send our secret agents in to explore another related topic!  I am sure that nobody is actively trying to keep these price breaks from you. Not all insurers offer every discount, and some people may just not know the right questions to ask. You can also use our homeowners insurance qu

Are there some top secret homeowners insurance discounts that you are not aware of? Could these little known discounts or credits be saving you some money without reducing your coverage? Some of these discounts may be open to you right now if you know to ask for them. Others may only help you if you are considering a move or an update.

Neighborhood Discounts

Secure Communities: Do you live in a gated community or complex? Since a gate with a code, or a security guard, controls community access, it may reduce the risk of theft or vandalism. Less risk can mean lower premiums. You culd get a 5 to 20 percent discount from some insurers.

The Power Of The HOA: Yeah, we all dislike the nosy neighbor who reports every infraction to the neighborhood association. However, insurers tend to like homeowners associations because they do tend to enforce standards and provide security.

Home Building Improvements Or New Products

Safer Power Lines; It should not be a big secret that saver power lines and wiring reduce the risk of electrical fires and outages.  An older home may be penalized for having wriring and power lines that are not up to today’s safety standards. A newer home, or a home re-wiring job, can reduce your risks and your premiums.

Better Roofing: One of the most common home insurance claims is for roof repairs and replacement. Newer, imact resistant roofing may save you money on your insurance bill, and it may even earn you a tax deduction!

Other Home Improvements Or New Products : Your brand new pipes are much less likely to leak than your old ones. Many different types of home renovations, that improve safety and lower risk, are likely to earn you price breaks on your homeowners insurance!

Security And Safety

There are lots of things you can do to actively make your home more secure. A theft and fire alarm can help protect your family, and get you an insurance discounts. Some insurers will simply credit you for going years without making a claim, because you have either been lucky or responsible. A home owner without claims, in their calculations, is a home owner who is less likely to make future claims!