10 Quick Tips for Homeowner’s Insurance

December 2017
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At Atchley & Associates, we’re in the business of taking making insurance easier and more approachable for our clients. So we’ve compiled 10 easy tips to keep in mind when you’re in the process of buying a home or re-shopping your homeowner’s insurance. Even better, give us a call and let us do the work of shopping for you!

Research Before You Buy

Before you buy your home, you should take into consideration what homeowner’s insurance will cost. Understand what insurance you will need and its cost for the size of home you’re considering.

Shop Around

But like any other major purchase, you don’t just go out and buy the first thing you see. Take the time to explore your options, both online and in-person with your local agency. This can help you find the best premium for what you need.

Bundle, bundle, bundle

The clearest and fastest way to save on your homeowner’s insurance is to bundle it with your auto and other policies from the same company. Companies love this and offer significant discounts when you do so.

Be Smart About Deductibles

The cost of an insurance deductible is directly related to our monthly or annual premiums. So, to save ourselves some money now, we might choose a policy with a higher deductible. If you’re going to go this route, plan to keep the amount of your deductible in a savings account to ensure that you have the amount you need in if something happens.

Ask about Discounts

Like the saying goes: “It never hurts to ask.” Most companies won’t quote you with potential discounts, so always take the initiative to ask for what you might be eligible.

Understand Replacement Value

Many people look at their insurance policies and misunderstand the difference between replacement value and building value. Aka: The value of your land is not included in the replacement value of your policy since the land won’t need to be replaced!

Make Your Home Super Safe

Maintaining the safety and general care of your home is surefire way to keep your rates down. Any addition of extra safety features such as security systems, weather improvements, or technological updates can significantly affect what you pay for your policy.

Keep Your Insurance Company

Some insurance companies will offer lower premiums or discount rates the longer that you maintain your policy with a given company. So in these instances, loyalty can definitely pay off.

Continue to Shop Around

Even if your company gave you the best price initially, and they’ve implemented a longevity discount, it’s still worth the time to explore other options occasionally. Shop around and analyze prices every couple of years to guarantee continued savings year after year.

Keep Your Agent Updated

Make sure you agent knows when major changes happen in your life—if you get married, have children, or get divorced. These changes can directly affect your premiums.

Call today for a quote: 951-275-0340! Life is too busy and time too precious. Let us do the work of ensuring that you are fully covered. We are proud to be the agency that works for you. 

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