Serving Western Massachusetts 
   (413) 532-0305             1 Main Street          Holyoke, Ma 01040
Home Page

 

  • Home
  • Get A Quote
    • Annuities
    • Automobile
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Workers Compensation Quote
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Homeowner Flood Quote Form
    • LifeImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
    • Motorcycle
    • Renters
  • Customer Service
    • AutomobileImage of right arrow
      • Request Declaration and Coverages Page for Auto Policy
      • Send Declaration and Coverages Information to Lien Holder
      • Add Vehicle to Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
      • Add Driver to Existing Auto Policy
      • Remove Driver from Existing Auto Policy
    • Business & CommercialImage of right arrow
      • Request Declaration and Coverages Page for Commercial Auto Policy
      • Add Vehicle to Existing Commercial Auto Policy
      • Remove Vehicle from Existing Commercial Auto Policy
      • Add Driver to Existing Commercial Auto Policy
      • Remove Driver from Existing Commercial Auto Policy
      • Request General Liability Certificate of Insurance
    • Homeowners
    • MotorcycleImage of right arrow
      • Request Declaration and Coverages Page for Motorcycle Policy
      • Add Motorcycle to Existing Policy
      • Remove Motorcycle from Existing Policy
      • Add Driver to Existing Motorcycle Policy
      • Remove Driver from Existing Motorcycle Policy
    • Other
    • Renters
  • Blog
  • Make a Payment
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Calculators
    • Important Files
    • Free Reports
    • Insurance Glossary
  • About Us
    • About Lawler Insurance Agency
    • Location Map
    • Employee Directory
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
 

Home > Blog > Insurance Tips For Homeowners


FRIDAY, FEBRUARY 5, 2016

Insurance Tips For Homeowners

Homeowners' insurance isn't a luxury, it's a necessity. In fact, most mortgage companies won't make a loan or finance a residential real estate transaction unless the buyer provides proof of coverage for the full or fair value of the property (most of the time this is the purchase price). In this article, we'll show you some simple actions you can take to make sure your homeowners' insurance is sufficient for your needs.

Homeowners' insurance can be very expensive. Those that live in high-risk areas such as close to major waterways, known earthquake fault lines or other high claims areas will pay the most for coverage. In fact, those in high-risk areas are often forced to pay annual premiums in the many thousands of dollars. But even homeowners in relatively sedate, suburban neighborhoods (with property values around the national average of $210,000) could pay between $500 and $1,000 a year for a basic policy.

The good news is that although you can't (and shouldn't) avoid purchasing homeowners' insurance, there are ways to minimize the cost.

Here are six ways to make sure you get the right coverage and consequent compensation for your home:

1) Maintain a Security System and Smoke Alarms: A burglar alarm that is monitored by a central station, or that is tied directly to a local police station, will help lower the homeowner's annual premiums, perhaps by 5% or more. In order to obtain the discount, the homeowner must typically provide proof of central monitoring in the form of a bill or a contract to the insurance company.

Smoke alarms are another biggie. While standard in most modern houses, installing them in older homes can save the homeowner 10% or more in annual premiums. Of course, even more importantly, in case of fire, they could save your life!

2) Raise Your Deductible: Like health insurance or car insurance, the higher the deductible the homeowner chooses, the lower the annual premiums. However, the problem with selecting a high deductible is that smaller claims/problems such as broken windows or damaged sheetrock from a leaky pipe, which typically will cost only a few hundred dollars to fix, will most likely be absorbed by the homeowner.

3) Look for Multiple Policy Discounts: Many insurance companies give a discount of 10% or more to their customers that maintain other insurance contracts under the same roof (such as auto or health insurance). Consider obtaining a quote for other types of insurance from the same company that provides your homeowners' insurance. You may end up saving on two annual policy premiums.

Read More: Source

Posted 4:00 PM

Tags: home, homeowner, insurance, policy, tips
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2017
  • 2016
  • 2015

  • insurance(101)
  • tips(41)
  • life(34)
  • home(28)
  • auto(20)
  • car(17)
  • homeowner(16)
  • safety(11)
  • business(9)
  • claims(8)
  • homeowners(8)
  • house(8)
  • holiday(7)
  • health(6)
  • family(5)
  • policy(5)
  • summer(4)
  • rates(4)
  • winter(3)
  • valentine(3)
  • money(3)
  • commercial(3)
  • accident(3)
  • halloween(3)
  • claim(3)
  • renters(3)
  • dog(3)
  • workers compensation(2)
  • college(2)
  • traffic(2)
  • mistakes(2)
  • crash(2)
  • thanksgiving(2)
  • save(2)
  • spouse(2)
  • value(2)
  • children(2)
  • theft(2)
  • funny(2)
  • saving money(1)
  • annuities(1)
  • labor day(1)
  • new year(1)
  • crime(1)
  • loans(1)
  • texting(1)
  • pets(1)
  • disability(1)
  • customers(1)
  • financial(1)

View Mobile Version
       Get Your Free Quote 
                     Today!!





Refer Referrals
We love referrals! And thank you even more for your continued business.
Policies Blog
Read our latest blogs and stay up to date.
Newsletter Join Our Newsletter
Stay in touch with the latest events, news and offers we have.

Read More Read More Read More
Our Office Connect With Us

Physical:
1 Main St
Holyoke, MA 01040

Mailing:
PO Box: 388
Holyoke, MA 01041

Visit Our Location

Contact Us Today!

PH: 413.532.0305
FX: 413.536.5821

Meet Our Employees
  Facebook Twitter Blog
Your Trusted Broker
  
Home     A Quote     Customer Service     Resources     About Us     Contact  Powered by Insurance Website Builder