© Copyright Arilington Home Insurance 2013

Homeowners Insurance

Savings Ideas

Drop earthquake protection: In many regions, earthquakes are not likely - you could decide not to take earthquake coverage which could lower your premiums. For example, in Kansas earthquake coverage can account for as much as one-third of a policy's premium. Wood stove: Choosing to use a wood stove means higher premiums - Insurance companies often decide to inspect the houses with such installations before insuring them. A decision to get rid of it means a lower risk and thus lower insurance premiums. Heating: Insurers like forced-air gas furnaces or electric heat installations. If you have an oil-heated home, you might be paying more than your peers who have alternative heating sources. Stop smoking: Some insurers increase their premiums for the homes with smokers as there is an increased risk of fire. Clean claim history: Keep a clean claim record without placing small claims, sometimes it makes sense to simply repair a small damage rather than claim it: you should consider both aspects: your deductibles and potential raise in premiums. Rebuilding vs. market costs: Consider your rebuilding costs when choosing an insurance coverage, not the market price of your house (market price can be significantly higher than real rebuilding costs). Avoid living in dangerous locations: Nature effects some locations more than others: avoid flood-, or earthquake-endangered areas when choosing a house. Neighbourhood: Moving to a more secure neighbourhood with lower criminal rate will often considered in your insurance premiums. Centrally-connected alarm: Installing an alarm connected to a central monitoring system will be recognized by some insurers in premiums. Monitoring: Having your residence / apartment / condo monitored 24 hour can mean an insurance discount. e.g. via a security guard. Hydrants and fire-station: Proximity to a water hydrant and/or fire- station can decrease your premiums as well. Loyalty: Staying with one insurer longer can sometimes result in a long-term policy holder discount. Decrease liability risk: Use meaningful ways to reduce your liability risk (e.g. fencing off a pool) and it can result in your liability insurance premiums going down. Direct insurers: Have you always dealt with insurance brokers / agents? Getting a policy from a direct insurer (i.e. insurers working via call-center or online) often can be cheaper (but not always) since they do not pay an agent/broker commission for each policy sold. Plumbing insulation: Insulating your pipes will prevent them from freezing in winter and reduce or even avoid insurance claims. Retirees: Those who are retired can often get an additional discount - since they spend more time at home than somebody who works during the day and thus can prevent accidents like a fire much easier. Leverage inflation: Many insurers increase your dwelling limit every year by considering the inflation of the house rebuilding costs. Make sure this adjustment is in line with reality and that you are not overpaying. Credit score: Most companies use your credit score when calculating home insurance premiums. Having a good credit score can help you to get lower insurance rates.

Insurance News

Florida stews under

costliest U.S. insurance

despite 10-yr. storm lull

Thanks to hurricanes and flooding, Floridians pay the highest homeowners insurance, Here’s the scoop. Hurricanes may have swerved away since 2005, but Florida’s homeowners still are taking direct hits on the wallet. Floridians pay the nation’s most expensive home insurance premiums, averaging $2,115, up from $2,084 a year earlier, statistics released Wednesday show. “The annual premium increases are not justified,” said Nicole Vinson, a Tampa attorney who sues insurers and heads a group called Policyholders of Florida. “In addition to paying more, policyholders are receiving less coverage than our neighboring states, even those on coastlines.” Insurers and their allies say abuses by attorneys, contractors and others to inflate claims such as plumbing leaks — a hot topic in legislative debate Wednesday — are one way rates can go up even when hurricanes go away. That’s the case officials at state-run Citizens Property Insurance Corp. make about rates it raised this year in South Florida, including Palm Beach County. Click below for more info.
More Info More Info Arlington Home Insurance

Phone 850-246-8238 Today

© Copyright Arilington Home Insurance 2013

Homeowners

Insurance Savings

Ideas

Drop earthquake protection: In many regions, earthquakes are not likely - you could decide not to take earthquake coverage which could lower your premiums. For example, in Kansas earthquake coverage can account for as much as one-third of a policy's premium. Wood stove: Choosing to use a wood stove means higher premiums - Insurance companies often decide to inspect the houses with such installations before insuring them. A decision to get rid of it means a lower risk and thus lower insurance premiums. Heating: Insurers like forced-air gas furnaces or electric heat installations. If you have an oil-heated home, you might be paying more than your peers who have alternative heating sources. Stop smoking: Some insurers increase their premiums for the homes with smokers as there is an increased risk of fire. Clean claim history: Keep a clean claim record without placing small claims, sometimes it makes sense to simply repair a small damage rather than claim it: you should consider both aspects: your deductibles and potential raise in premiums. Rebuilding vs. market costs: Consider your rebuilding costs when choosing an insurance coverage, not the market price of your house (market price can be significantly higher than real rebuilding costs). Avoid living in dangerous locations: Nature effects some locations more than others: avoid flood-, or earthquake-endangered areas when choosing a house. Neighbourhood: Moving to a more secure neighbourhood with lower criminal rate will often considered in your insurance premiums. Centrally-connected alarm: Installing an alarm connected to a central monitoring system will be recognized by some insurers in premiums. Monitoring: Having your residence / apartment / condo monitored 24 hour can mean an insurance discount. e.g. via a security guard. Hydrants and fire-station: Proximity to a water hydrant and/or fire-station can decrease your premiums as well. Loyalty: Staying with one insurer longer can sometimes result in a long-term policy holder discount. Decrease liability risk: Use meaningful ways to reduce your liability risk (e.g. fencing off a pool) and it can result in your liability insurance premiums going down. Direct insurers: Have you always dealt with insurance brokers / agents? Getting a policy from a direct insurer (i.e. insurers working via call-center or online) often can be cheaper (but not always) since they do not pay an agent/broker commission for each policy sold. Plumbing insulation: Insulating your pipes will prevent them from freezing in winter and reduce or even avoid insurance claims. Retirees: Those who are retired can often get an additional discount - since they spend more time at home than somebody who works during the day and thus can prevent accidents like a fire much easier. Leverage inflation: Many insurers increase your dwelling limit every year by considering the inflation of the house rebuilding costs. Make sure this adjustment is in line with reality and that you are not overpaying. Credit score: Most companies use your credit score when calculating home insurance premiums. Having a good credit score can help you to get lower insurance rates.
Arlington Home Insurance