Even though you can save by downgrading your coverage, it is not recommended if it puts you at risk (Downgrading won’t put you at risk if you had too much coverage). However, you can get cheaper rates for better coverage if you have the right tips and apply them rightly. Let’s look deeper into this…

1. You might be amazed to hear that you might not know half the discounts that are available to you. If you don’t know something exists you cannot prepare yourself to benefit from it. Can you? Make it a task to ask your home insurance agent to give you a list of all discounts given by the insurer of your choice and how you can qualify for them. More often than not, you will be pleasantly surprised at the amount you’ll save with unpublicized discounts.

2. Set up your account to pay your rates automatically and you will get lower rates for that. Simply let your bank know that you want an EFT (Electronic Fund Transfer) in favor of your insurer. Apart from being more convenient, you will be given a discount for this.

3. Fitting window locks on each of your windows will help lower your home’s risk of burglary. You can take this to another level by fixing burglary-proof bars on them all. If you’re not one of those folks who have a deep hatred for these kinds of fittings, they’ll help you get considerable discounts. If you’re not one of those folks who insist that having such makes them feel imprisoned in their own house, have them fixed if you intend to lower your home insurance rates considerably.

4. Do your best to place fire extinguishers at strategic points in your home. For example, your kitchen must have a standard and working fire extinguisher. It’s crucial that the fire extinguisher be good enough for the place it is meant to protect.

A fire extinguisher is only beneficial if it can be reached and also works properly. Therefore, make sure it’s in perfect condition and accessible. This will help reduce your home insurance rates.

5. Do you have fire escapes in your home? If you do then tell your agent and see what discounts this will get you. And don’t fail to tell your agent even if yours are as simple as rope ladders for rooms in the upper stories of your home. Ensure that you have a fire escape unless you don’t intend to take advantage of this savings opportunity. And don’t forget to ask your agent what your insurance company takes as a standard fire escape because complying with that guarantees savings.

6. You can save much by visiting at least five home insurance quotes sites. That way, you’ll make it most likely that you’ll get all the lowest quotes available because five sites will give up to 25 quotes altogether.

By: Chimezirim Chinecherem Odimba

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