How to save up to 10% on your home insurance


In our ongoing coverage of Florida’s property insurance crisis, we’re taking action for you, finding ways to lower your home insurance premium.

Many experts have said that homeowners will need to get new roofs in order to reduce their home insurance and maintain coverage, but if you own a newer home or already have a new roof, there are other ways to to save money.

I just had a client who said the wife’s credit rating was much higher than the husband’s and insurance was $300 less a year,” said Susan Zacharias, vice president of Meadowbrook Insurance. Agency.

Zacharias suggested landlords sign up for paperless billing first.

Second, if you share a home with another adult, make sure the person with the highest credit score is listed as the primary policyholder.

Your insurance score is very closely tied to your credit history and your claims history and everything related to insurance, so if your significant other has a better credit score than you, it’s worth it to see if it would be listed for first on your policy,” Zacharias explained.

Security inside and outside your home can also save you money, which includes burglar and fire alarm systems as well as living in a gated community.

You can also get a discount for a water leak detection system that is in your home,” she added. “So if there was high water pressure in your plumbing and you installed a system that completely stopped the water from flowing or alerted you to your cellphone, that’s a discount.”

Zacharias said that with cumulative discounts owners could save 5-10% on their premiums and advised using an independent agent who knows which companies offer what.

As hurricane season continues, she also said business owners should make sure hurricane coverage is on your business insurance.

Additionally, much of the Tampa Bay area is in high-risk flood zones. If you are renting out your building, make sure you have your own flood insurance, as the landlord’s flood insurance does not cover the belongings you have inside.


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