Home insurance, like car insurance, is one of those things no one really wants or likes to pay. It’s necessary, sure, and many homeowners have benefited from home insurance, but it’s still a necessary evil – especially when you’re paying pricey premiums on one or more homes like many Southwest Florida owners do.
Fortunately, you can lower your home insurance premiums by taking action. Here are a few ideas, courtesy of your go-to home watch service in Fort Myers.
Raise Your Deductible
Much like other forms of insurance, home insurance has deductibles and premiums that have an inverse relationship with each other.
The higher your premium, the lower your deductible, and vice-versa – that’s usually how it goes. So, if you want lower monthly premiums, increase your deductible. It’ll cost you more per incident, but typically, a homeowner doesn’t have to file very many claims throughout the year (most homeowners get by without having to file a claim each year, on average).
Raising your deductible can help you save money each month without taking on a lot of risk.
Increase Your Home’s Disaster Resistance
How vulnerable your home is to natural disasters and other disasters, such as fire and water damage, directly affects how much you’ll pay each month in premiums.
The more work you do on your home to mitigate risk of disaster, the more you’ll save. This can include anything from installing storm shutters to reinforcing the roof and waterproofing your walls. Hurricane protection is especially recommended, as any homeowner in Florida knows!
Boost Your Home Security
Finally, you can lower premiums by upping your home’s security system.
Installing a system in general will net you discounts. You can get substantial discounts, up to 15-20 percent off, from your insurance company if you take extra steps of installing a home security system complete with alarms. Before you install one, though, talk to your insurer to see what models they accept.
You can also hire a home watch service in Fort Myers to watch your home when you’re away. Even if you don’t get a discount for it, it’s still a smart move, one that many homeowners in this area are making.