Tips to keep your homeowners premiums from rising

4/7/2021 (Permalink)

It’s important to protect yourself and your property in the if a disaster strikes.  To that end, a good homeowner’s insurance policy is crucial.  A typical policy will pay for damage to your property and possessions and will cover shelter costs if you’re temporarily displaced from your home. Keep your insurance expenses to a minimum with these 4 money saving tips:

Save on Premiums With Prevention

You can reduce your premium by taking some smart preventive measures.  First,  have a working smoke detector.  This will reduce your premium.  The same goes for home theft protection. You can reduce your premium 5% by installing something as a simple as a deadbolt, and 15-20% if you have an alarm system installed.

Don’t Wait to File Insurance Claims

If you wait too long to file a claim, you may negate your benefits, particularly if your hesitation makes the problem worse.  Check the fine print in or policy to see how much time you have to file a claim.  

Write Everything Down in the Event of a Mishap

In the event of a disaster or mishap save all your receipts, contracts, appraisals, etc., and document phone calls - write down who you talked to, the date and time of all your conversations. Don’t leave any of this to chance.   

Keep Up on Regular Maintenance & Fix Little Problems Fast

This is true of your AC, your furnace, your chimney and especially your plumbing.  Take care of small leaks fast, before they become a much bigger problem.  You may forfeit your insurance coverage if you let a molehill grow into a mountain.

As a trusted leader in the restoration industry, SERVPRO of Morris/Ottawa provides 24-hour residential and commercial services. As a locally owned and operated business, we’re dedicated to being faster to any size disaster, with the training, equipment, and expertise to handle your restoration and cleaning needs.