Are you a homeowner? If so, chances are you have homeowner's insurance. It's likely that before your loan closed, your mortgage lender needed you to present proof of coverage. And if you're one of the fortunate Americans who owns your home entirely, you might still have insurance to safeguard your investment in the event of fire and wind damage, theft of your property, or liability litigation. You might even be aware that getting smoke detectors and security systems installed and maintained, as well as getting your car insurance from the same company, can lower your premiums. But are you aware of the several other credits that can be used to lower the cost of homeowners insurance?
The following are a few examples of home insurance credits.
· New home construction
· Age of home (five years or fewer)
· Loyalty
· Home and auto bundle
· Series of upgrades (electrical, heating, plumbing)
· Age of home (10 years or less)
· Construction type (fire resistant, superior)
· Roof upgrade
· Nonsmoker
· Military
· Advance purchase
Contact your agent today to review your policy and learn if you qualify for any of these cost-reducing credits.