If you’re a homeowner, you know you need to have the right coverage to protect your home. It’s a big investment, after all, but that doesn’t mean you want to clean out your piggy bank paying for your home insurance. What if there were a few occasions that could really help your insurance situation? Everyone loves saving money, especially on insurance, right? We’re going to go over a few different things that could affect your home insurance situation – maybe things that you haven’t thought of before.
5 things that could improve your insurance situation.
Here are a few things that could help you out insurance-wise. If you find yourself in one of these boats, you might want to reach out to your agent.
1. If you’re a newlywed.
If you’re planning on getting married soon, congratulations! First of all, congratulations on the getting married thing, and second of all congratulations on the possibility that you could be in a better insurance situation. People who are married can get lower rates on their insurance. (Another thing that could work in your favor is that if you and your partner are buying a new house, you could get a “new homeowner” or “new customer” discount. So, that’s something that could be really helpful.)
So, all in all, there are a lot of reasons to celebrate!
2. Getting a new roof.
It’s important to have a sturdy, strong roof over your head and your family’s heads, right? Well, insurance companies tend to agree. If you get a new roof, you could qualify for a discount that could help your insurance rates. The reasoning is that the roof is more than just a fancy umbrella for your house. It’s protecting it and keeping the structure safe from harm, acting as a first line of defense against bad weather like snow, sleet, hail, wind, and so on. A new roof or one made of a sturdy material that will hold up to impact will do a better job of protecting your house, so the insurance company views that as a plus. And thus, having a new roof may just help you out with your home insurance situation.
Protect your home from fires. Get a quick homeowners insurance quote today.
3. Having a boost in your credit score.
Your credit score can play a part in how much you’re paying for your insurance. If you have a strong credit score, you could see lower insurance rates. And the reverse holds true as well – if you have a poor credit history, you could unfortunately see some pretty high insurance rates.
Therefore, if you’ve worked on improving your credit, you could find yourself getting some better insurance rates. Having a better credit score means that you could have more insurance carriers who are willing to insure you. So, boosting your credit score is something to be proud of, even when it comes to your home insurance.
If you choose to bundle your home and auto insurance (getting them from the same carrier) you could get better rates. Insurance carriers quite like when people bundle their insurance, so they’ll often have some sort of multi-line discount available. They tend to see people who bundle their home and car insurance as being “better” risks, hence the discount. So, if you choose to bundle your home and auto insurance, you might put yourself in a better home insurance situation. Of course, you have to see if bundling is best for you personally, which is something our team can help you with. You can get in touch with our team to talk bundling by filling out our online form, giving us a call, or messaging us.
5. Being claims-free.
If you’ve gone a while without having to file a home insurance claim, that could help you out when it comes to your home insurance situation. The thing is that insurance companies like it when you don’t have to file claims, so they could respond by giving you lower premiums. So, if you’re claims-free, that could really work in your favor. It’s something to keep in mind.
So, those are a few things that could affect or improve your home insurance situation! It’s important to consider the above when thinking about your homeowners insurance situation. If you want to talk about your coverage and see if you could save money, give us a shout. We’d be happy to be of assistance with your insurance. To get in touch with our team, give us a call, message us, or fill out our online form.