10
8 Ways To Save Money on California Home Insurance

8 Ways to Save Money on California Home Insurance

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Page 1: 8 Ways to Save Money on California Home Insurance

8Ways To Save Money on California Home Insurance

Page 2: 8 Ways to Save Money on California Home Insurance

RAISE YOUR DEDUCTIBLE

The coverage for the contents of your homeowner’s policy will have a

deductible, which is an amount you will need to pay before the insurance

company is on the hook. Higher deductibles means less claims so

insurers will charge you less. Since homeowner claims are few and far

between and you generally wouldn’t file a small claim, it’s best to keep this

as high as you could afford.

BE CAREFUL: A deductible is meant to be the highest amount out-of-pocket you could reasonably afford. If you set it higher than you can pay, you’ll

have much larger problems!

Page 3: 8 Ways to Save Money on California Home Insurance

SHOP AROUND

Different homeowner’s insurance companies base their rates on very different factors. Since no two risks

are the same, if your friend or neighbor has the cheapest price with Company X, it doesn’t mean you will too. The only way to find the carrier

with the best rating and pricing specific to your situation is to reach

out to as many as possible.

The easiest way to shop multiple carriers is through an independent

agent like ours. An independent agent works for customers to find the best

rates and can get you multiple quotes without any of the hassle!

Page 4: 8 Ways to Save Money on California Home Insurance

MULTI POLICY DISCOUNTS

Most home insurers that also sell auto insurance will give a discount on your policy dependent upon placing

your auto insurance with them.

BE CAREFUL: Don’t assume the multi-policy discount offers you the best

possible deal. If you’re only interested in saving money, you may still pay less by insuring your home and auto with different companies.

Page 5: 8 Ways to Save Money on California Home Insurance

INSTALL DEADBOLT LOCK

Because of the obvious increased difficulty to break into a house

equipped with deadbolt locks on all the entrances, your insurance

company may offer a discount.

BE CAREFUL: Don’t tell your insurer you have deadbolt locks unless you really do, falsifying insurance rating information could result in a claim

being denied.

Page 6: 8 Ways to Save Money on California Home Insurance

INSTALL A CENTRAL SMOKE DETECTOR SYSTEM

You probably already have smoke detectors in your home (by the way, when did you last check them?), but

some insurance companies will provide more discounts if you install a central smoke detector system which

integrates with the wiring of the house and may notify the fire

department in the event of an alarm.

Check with your agent to determine if a central smoke detector will help you save even more money on insurance.

Page 7: 8 Ways to Save Money on California Home Insurance

QUIT SMOKING

Although saving money on insurance isn’t going to convince most smokers to quit, it would be a great benefit to doing something that will add years

to your life!

If you quit smoking since the time your insurance policy went into

effect, you may want to notify your carrier and make sure they are aware

of it.

Page 8: 8 Ways to Save Money on California Home Insurance

REVIEW YOUR POLICY ANNUALLY

Many homeowner insurance policies automatically increase the amount of

coverage each year to account for inflation and increases in rebuilding

costs.

Since many folks keep the same policy year after year without looking

at it, it’s very possible things have changed since then and you may

need more or less coverage.

Better yet, reach out to our agency and request an entire policy review.

We’ll probably find discounts you didn’t even know you deserved!

Page 9: 8 Ways to Save Money on California Home Insurance

GET ACTUAL CASH VALUE COVERAGE

Although we don’t recommend it, you can save money on insurance by

getting Actual Cash Value for your lost or stolen property instead of

Replacement Cost.

The difference is that ACV includes depreciation of your property while

RC pays the cost to replace it.

BE CAREFUL: If your house burns down and you have ACV coverage, you’ll barely get enough to furnish your new home at the thrift store.

Page 10: 8 Ways to Save Money on California Home Insurance

Libertoski Insurance Group - Tustin, CA

LibertoskiGroup.comLibertoski Insurance Group

505 E 1st St, Ste. ATustin, CA 92780(657) 218 4349