Maximize your Homeowners Insurance Discounts
Maximize your Homeowners Insurance Discounts
Art Glasgow, Peck-Glasgow Insurance
During the last several years we have all seen significant increases in homeowners insurance premiums. The number and severity of storms have caused significant damage in most all of the lower 48 states. The south in particular have been hit numerous times by hail, tornados and single event windstorms. With increased claims and soaring repair costs, premiums continue to rise.
As a result, maximizing your Alabama Homeowner Insurance discounts is critical in maintaining lower insurance rates. Following are common Alabama Homeowner Insurance Discounts:
1. Multi-policy discount: This is a significant discount when you combine your auto and/or other policies with the homeowners insurance policy. Not in all cases, in many by combining both the home, auto and umbrella policies with the same insurance carrier helps to lower your over all insurance cost.
2. Smoke Alarm & Fire Extinguishers: These discounts can be significant, but more importantly it is important for the safety of your family that properly working smoke alarms and fire extinguishers are install and available in your home.
3. Paid in full discount: This discount is available with many of the companies for homeowners insurance or auto insurance. 5 to 10 percent discounts are common and combined with the other discounts can add up to significant premium savings.
4. New Home or Renovated Discount: Practically all companies offer new home discounts. This typically ranges from 5 to 15% for new homes and slowly disappears as the home ages. Some insurance companies offer a newly renovated discount if certain items in the home are replaced/updated. A new purchase discount is also often available for owners of a newly purchased home.
5. Mature Discount: This discount is available to only those clients that have reached a certain age, typically 50 and over. Certain Insurance companies target this age group with significant discounts, as their experience has revealed the mature age group has fewer and less costly claims.
6. Life Discount: A small number of companies offer a discount for combining a life insurance policy with your home, auto and personal umbrella coverages. A review of your life insurance should not be ignored and it could save you additional premium dollars on your other insurance lines.
These are common Alabama homeowner insurance discounts that when used properly can add significant savings to your insurance premiums. Utilizing the services of a professional insurance agent that can design the coverages you need while utilizing these discounts is more important today than ever. Peck-Glasgow Insurance offers professional coverage guidance and utilizes all available discounts to help you receive the highest value with your personal insurance policies.