Your homeowners insurance premium may seem like a relatively static bill in your life, especially if you’ve had your property for many years. But you probably have more control over it than you think. Home insurers want to see their clients are doing everything they can on their end to protect their property. And making just a few tweaks to your home security can leave you with some extra cash in your pockets. Here are 5 ways you can save money on your home insurance:
1. Water Leak Detectors
A tiny puddle in the back of a basement is remarkably easy to miss. A sensor-based leak detector will sense excess moisture in the air and then send an alert on their mobile device. To qualify for related discounts, homeowners may need to put one in every room with pipes or have them professionally installed (e.g., utility rooms, bathrooms, kitchens, etc). Your agent can provide more specifics about Southern Oak’s qualifying devices.
2. Burglar Alarm
Alarms do play a strong role in deterring criminals, which is why you should always share your alarm certificate with your insurance company. Even if the police can’t show up immediately, they alert the authorities that something is wrong. Home insurance companies rest easier when they know their residents have protections against criminal activity.
3. Fire Protection
From a central fire alarm to sprinkler systems, homeowners can set up a number of protections to keep their property from going up in flames. A smart fire alarm will alert the homeowner of any flame detection (via a mobile device), while a sprinkler system will automatically activate in the event of a fire.
4. Senior or Retiree
Property owners who are either 60 or older or 55 and officially retired can enjoy home insurance discounts. Retirees and seniors who live in gated communities with 24-hour security patrol qualify to save even more! From passkeys to patrolmen, these measures can go far to mitigate the severity of both man-made and natural disasters.
5. Electronic Policy
Paper isn’t free, which is why some home insurance companies will give discounts to those who sign up for electronic communications. This is a remarkably simple way to save money on your home insurance (and save yourself the hassle of filing all your documents).
Southern Oak wants you to save money on your home insurance whenever and wherever possible. We offer discounts for all of the above and more! To find out more about how you can have these savings applied to your policy, give us a call today!