© Copyright Arilington Home Insurance 2013

Homeowners Insurance

Cost Saving Tips

Change your content coverage: Renting a Condo? You can often lower your content coverage. No need to insure your belongings to up to $250,000 if you only have a laptop and some IKEA furniture! Renovations: Renovating your house can result in lower home insurance premiums, as home insurance premiums for older, poorly maintained dwellings are usually higher. Additionally, renovating only parts of your dwelling (e.g. the roof) can lead to insurance savings. Pool: Adding a swimming pool to your house will likely lead to an increase in your insurance rates since your liability ( e.g. the risk of someone drowning) and the value of your house have increased. Pipes: Insurers prefer copper or plastic plumbing - maybe it is a good idea to upgrade your galvanized / lead pipes during your next renovation cycle. Shop around: Search, Compare, and switch insurance companies. There are many insurance providers and their price offerings for the same policies can be very different, therefore use multiple online tools and talk to several brokers since each will cover a limited number of insurance companies. Wiring: Some wiring types are more expensive or cheaper than others to insure. Make sure you have approved wiring types, and by all means avoid aluminum wirings which can be really expensive to insure. Not all insurers will cover houses with aluminum wirings, and those that would, will require a full electrical inspection of the house. Home Insurance deductibles: Like auto insurance, you can also choose higher home insurance deductibles to reduce your insurance premiums. Bundle: Do you need Home and Auto Insurance? Most companies will offer you a discount if you bundle them together. New Home: Check if insurer has a new home discount, some insurers will have them. Claims-free discount: Some companies recognize the fact that you have not submitted any claims and reward it with a claim-free discount. Mortgage-free home: When you complete paying down your house in full, some insurers will reward you with lower premiums. Professional Membership: Are you a member of a professional organization (e.g. Certified Management Accountants of Canada or The Air Canada Pilots Association)? Then some insurance companies offer you a discount. Seniors: Many companies offer special pricing to seniors. Annual vs. monthly payments: In comparison to monthly payments, annual payments save insurers administrative costs (e.g. sending bills) and therefore they reward you lower premiums. Annual review: Review your policies and coverage every year, since new discounts could apply to your new life situation if it has changed. Alumni: Graduates from certain Canadian universities ( e.g University of Toronto, McGill University) might be eligible for a discount at certain Insurance providers. Employee / Union members: Some companies offer discounts to union members ( e.g. IBM Canada or Research in Motion) Mortgage insurance: Getting mortgage insurance when you have enough coverage in Life insurance is not always necessary: mortgage insurance is another name for a Life/Critical Illness / Disability insurance associated with your home only but you pay extra for a convenience of getting insurance directly when lending the money. For example a Term Life policy large enough to pay off your home is usually cheaper.

Insurance News

Travelers to Offer

Homeowners Insurance

Discount for Smart Home

Devices

Smart home devices are expensive. This article shows you how to insure them: The Travelers Companies, Inc. will now provide a discount on homeowners insurance for eligible customers with qualifying smart home devices. Smart smoke detectors and security systems that alert homeowners through their smartphones may qualify for the Protective Device discount from Travelers, which is available countrywide. “Creating a smart home with a variety of innovative connected devices can provide many benefits to consumers, including helping to keep their families and property safe,” said Elaine Montgomery- Baisden, chief underwriting officer of Personal Insurance at Travelers. “Our newly expanded Protective Device discount is one more way our customers who are using these products may benefit.” Click the More Info button below for more information.
More Info More Info Arlington Home Insurance

Phone 850-246-8238 Today

© Copyright Arilington Home Insurance 2013

Homeowners

Insurance Cost

Saving Tips

Change your content coverage: Renting a Condo? You can often lower your content coverage. No need to insure your belongings to up to $250,000 if you only have a laptop and some IKEA furniture! Renovations: Renovating your house can result in lower home insurance premiums, as home insurance premiums for older, poorly maintained dwellings are usually higher. Additionally, renovating only parts of your dwelling (e.g. the roof) can lead to insurance savings. Pool: Adding a swimming pool to your house will likely lead to an increase in your insurance rates since your liability ( e.g. the risk of someone drowning) and the value of your house have increased. Pipes: Insurers prefer copper or plastic plumbing - maybe it is a good idea to upgrade your galvanized / lead pipes during your next renovation cycle. Shop around: Search, Compare, and switch insurance companies. There are many insurance providers and their price offerings for the same policies can be very different, therefore use multiple online tools and talk to several brokers since each will cover a limited number of insurance companies. Wiring: Some wiring types are more expensive or cheaper than others to insure. Make sure you have approved wiring types, and by all means avoid aluminum wirings which can be really expensive to insure. Not all insurers will cover houses with aluminum wirings, and those that would, will require a full electrical inspection of the house. Home Insurance deductibles: Like auto insurance, you can also choose higher home insurance deductibles to reduce your insurance premiums. Bundle: Do you need Home and Auto Insurance? Most companies will offer you a discount if you bundle them together. New Home: Check if insurer has a new home discount, some insurers will have them. Claims-free discount: Some companies recognize the fact that you have not submitted any claims and reward it with a claim-free discount. Mortgage-free home: When you complete paying down your house in full, some insurers will reward you with lower premiums. Professional Membership: Are you a member of a professional organization (e.g. Certified Management Accountants of Canada or The Air Canada Pilots Association)? Then some insurance companies offer you a discount. Seniors: Many companies offer special pricing to seniors. Annual vs. monthly payments: In comparison to monthly payments, annual payments save insurers administrative costs (e.g. sending bills) and therefore they reward you lower premiums. Annual review: Review your policies and coverage every year, since new discounts could apply to your new life situation if it has changed. Alumni: Graduates from certain Canadian universities ( e.g University of Toronto, McGill University) might be eligible for a discount at certain Insurance providers. Employee / Union members: Some companies offer discounts to union members ( e.g. IBM Canada or Research in Motion) Mortgage insurance: Getting mortgage insurance when you have enough coverage in Life insurance is not always necessary: mortgage insurance is another name for a Life/Critical Illness / Disability insurance associated with your home only but you pay extra for a convenience of getting insurance directly when lending the money. For example a Term Life policy large enough to pay off your home is usually cheaper.
Arlington Home Insurance