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How to Save on Your Homeowners Insurance


Did you know that living next to a fire station could lower your homeowners insurance? It’s just one factor that plays a role in determining what you’ll be paying for the coverage intended to protect your home should a natural disaster, theft, fire, or accident occur.  Taking the time to thoroughly look over your policy and reducing your risk of loss may result in thousands of dollars in savings over the life of the policy.

Perhaps the easiest way to save money on your insurance policy is by bundling. Per an analysis by an online insurance marketplace, consumers could save about $314 a year by choosing the same insurer for their home, auto, and/or renters insurance policy. These savings could be even larger depending on where you live. In many cases, the more policies you’re willing to include under one insurer, the better the odds of receiving discounts.

Your premium could also be reduced by doing a little home improvement. For example, installing a modern home security system that automatically notifies police or the fire department could result in a five to ten percent discount. Here in the state of Florida, home renovations or features that focus on reducing the effects of wind damage can also lead to premium discounts.

There are plenty of additional, more obscure discounts that your home may be eligible for, such as those aimed at homes that are considered environmentally friendly and have Energy Star appliances. Ultimately, your rates will vary based on factors like the type of home, its location and your insurer. Doing a little research could result in big savings.

This information is provided by Miami insurance attorney Alonso, Perez & Santos, LLP.  Our areas of practice include bankruptcy, insurance litigation, debt harassment, credit card defense, foreclosure defense, immigration law, condominium law, business start-ups, and more.  Call 305-676-7545 to speak with one of our attorneys and receive a free consultation We look forward to working with you.

This information is provided for educational or informational purposes only and should not be construed as legal advice. The information is not provided in the course of an attorney-client relationship and is not intended to substitute for legal advice.