Most people know that they must maintain high credit scores, install fire detectors and bundle their policies to receive discounts off of their home insurance coverage. However, there are many other reasons that homeowners may obtain even more discounts off of their home insurance premiums, and they can be found below.
Live in a Gated Community
Things that lower the chances of break-ins are going to encourage insurance agents to lower their clients’ premiums. Those who live in a gated community are living in a location where they are less likely to experience a break-in. By bringing this to their agents’ attention, they may receive up to a 20 percent discount.
Re-Wire the House
A huge reason that fires start in a home is faulty wiring. Those who are moving to an older house may want to consider re-wiring it. Their agents are aware that 67,800 homes catch fire every year because of old wiring, so they will be glad to know that the house received new wiring. They will be so happy that they will mark the premiums down 10 percent.
Add Impact-Resistant Roofing
The roof is vulnerable to several outside factors, including the weight of snow, the wind and falling debris, but the roof can be protected if the homeowners add impact-resistant roofing. Aside from a five to 10 percent discount, homeowners also receive a tax deduction.
Homeowners who are not in the habit of filing claims with their insurance companies are rewarded with a discount. Those who need to file claims cost the insurance company a lot of money, so they are happy to have homeowners who have not filed any claims in the past on their client list. Those who have never filed a claim in 10 years qualify for a 20 percent discount.
Live Where a Homeowner’s Association Is Present
Insurance agents like to hear that their clients have a Homeowner’s Association. The HOA means that there is a more active community that makes it safer to live there. Homeowners are also required to keep up their houses so that they fit in with the community and comply with the association’s rules. For this, people receive up to a 10 percent discount.
The above several discounts can reduce homeowners’ premiums a great deal, but they can further lower their home insurance rates by following the link and receiving several rate quotes from insurance companies, such as Progressive, Traveler’s and Liberty Mutual.