Question:

How to get a discount homeowners insurance?

Answer:

You can get a discount homeowners insurance mostly by paying a larger deductible. Deductible is the sum you have to pay in case of insurance event before the insurance company takes further. For example, you may have a $250 deductible which is not enough to get homeowners insurance premium discount. Raising the deductible will get you discount of as much as 30% if you agree on $5000 deductible. A separate deductible sometimes is required of 1 to 2 percent in disaster prone areas - for example, hurricane deductible in Florida.

Also, you can get a discount homeowners insurance if you are able to prove your home is better disaster resistant than an average home. If you replace the roof, improve plumbing and heating, and the electrical systems, and buy and install video surveillance reporting facilities, alarm and smoke detectors, you may negotiate additional discount on the homeowners insurance. However, these systems may be quite expensive and you should consult with the insurer what type of equipment they recommend and how much discount you may get.

And, you may be eligible for other homeowners insurance discounts, such as group discount or discounts for retired people, if you are over 55.

Mortgage rates hit their lowest since 1955. Ask the home loan experts we recommend Quicken Loans how to take advantage of them.
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