Six Ways to Save on New York Homeowners Insurance Costs
New Yorkers are always interested in ways to save money or, at least, to avoid wasting money. It’s possible to make your home insurance dollar stretch further by purchasing appropriate coverage under New York homeowners insurance and taking advantage of any opportunity to claim premium discounts that may be available to you. We’ve listed six things that might help to lower your insurance rates.
- Some security systems attract discounts. Although sophisticated systems to enhance home security can be quite costly, insurance discounts may make them more affordable.
- Insurers sometimes offer discounts when no member of a household is a smoker and the risk of house fire is reduced.
- Retired householders are often eligible for insurance discounts because they tend to spend more time at home and are consequently at lower risk of theft and fire.
- Loyalty discounts are offered by many insurance companies to encourage people to stay with the same company for three years or more.
- Reviewing your insurance coverage for personal possessions can save on insurance costs. If the market value of some of your possessions has decreased, bringing down coverage so that it reflects the current value of your possessions can reduce insurance premiums.
- Increasing deductibles may reduce insurance premiums – but remember that this cost-saving strategy is also likely to also reduce the amount that would be paid out if you had to file an insurance claim.
Installing security and safety systems, taking advantage of discounts for loyalty and adjusting the level of insurance coverage are all ways to reduce the cost of New York home insurance. Your agent or insurer will be pleased to discuss ways of ensuring that you get the best value for your insurance dollar. With C.H. Edwards, Inc., you can get the coverage you need for your home, so contact us today for more information!
