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Once you are aware of this, it will certainly ease your premium payments to know when you are paying too much and areas where you can easily get big discounts. Here are some tips to get discounts on your home insurance.

1. Old to New: Insurers are always wary of the ‘old’. Older buildings, old wiring or non-weather proof roofing means that they may not be as effective at holding strong through extreme weather, storms, theft or other accidents. Hence, if you have your house renovated, or get new wiring done for the entire home, you should get a discount of up to ten percent. Stats from the Fire department show a high number of accidents due to old wiring, weak roofing, old fire-places etc.

2. Neighborhood safety: Insurance companies feel comfortable when they know you’re doing everything you can to keep your home safe. A safe home, keeps money in the insurer’s pocket. Thus, they like to encourage their policy holders by providing discounts whenever they take steps to reduce possible claims. Initiating or becoming a part of a home owner’s association can mean that as neighbor’s watch out for each other, the risk of loss through theft is greatly reduced. Additionally, having a home in a gated community also reduces risk. Hence great discounts can be obtained simply by informing your insurer about these facts.

3. Automatic Payments: As simple as it sounds, setting up recurring payment for your premium will also provide you a small discount, with the added benefit of not having to manually pay your insurer every time your premium is due.

4. Multi-policy discount: Many insurers provide discounts up to thirty percent, if you buy all your insurance (Automotive, home, business etc.,) from them. The discounts offered are a sort of reward for being loyal clients. The policies need not be of the same type, however, the insurance company does need to be the same. This discount may not always be possible if you’re buying your insurance from an insurance agent.

5. Discount on being claims-free: As mentioned earlier, insurance companies are delighted by anyone who reduces their risks and by those who have not claimed insurance anywhere from five years or more. Each insurer will have a different time period stated to avail this discount, so ask around, and you’re sure to get a discount of up to twenty percent, when you’re claims-free.
These are just five great ways to save on your premium payments, talk to your Insurer and you’re sure to get more discounts you never knew was possible.

Insurance is your back up safety plan for unthinkable, unexpected, untoward incidents in professional and personal life. Your insurance plan is your line of defense in different types of situation. Generally, it is seen that when you file for an insurance claim, you feel that you didn’t get a fair and reasonable compensation which you should have. You feel undone and rue about all those premiums that you paid over the years. Often, we are responsible for our own mistakes which we made while purchasing an insurance cover.

This article is composed with intention to underscore some common mistakes which you can avoid while choosing different types of insurance covers for yourself. This article can help you to take the right decision and avoid any confusion during the claim. Here are some common mistakes that you should refrain from doing in order to get the right value for money on your insurance.

Life Insurance: You purchase life insurance policy so that your dependents can receive the financial support when you are not around anymore. At the same time, you would also need to consider how much amount you want your dependants to have. A rule of thumb says that you should calculate your annual salary and consider ten times your annual salary for your dependents. Do not underinsure and do not delay your decision of buying life insurance policy because tragedy can strike anytime and your dependants might struggle to maintain a decent standard of living in your absence. Do not let your insurance agent what’s suitable for you and what’s not; use your own discretion and choose only that policy which caters to your needs and requirements. It makes sense to buy a complete life insurance policy which will prove cheaper and more effective in the long run.

Home Insurance: Many people buy home Insurance which is a sensible decision as your home can get damaged due to natural catastrophes and human error. Renovation and rebuilding costs are too high to be afforded by a layman. However, your task doesn’t end with buying a home insurance coverage. Do not make the mistake of including land in your estimate as you only get paid to rebuild or renovate the structure. Be extra careful if you are residing in sensitive areas prone to natural disasters and before you decide to buy house in such areas, make sure you have checked insurance requirements for that particular area. Also, inform your insurance agency of any structural changes made in your home so that your claim does not get rejected.

Church Insurance: Church needs insurance covers to defend itself against possible lawsuits and receive a fair and reasonable amount of monetary compensation in case its property and assets are damaged/stolen or destroyed due to unforeseen circumstances. Churches have their own building, vehicles, employees, assets and equipments, which are prone to damage through one way or the other. Since a large number of churches rely on donations, they might find it very difficult to compensate for any type of loss by themselves. Helland agency church insurance has the exceptional knowledge in the church industry and an ability to offer diverse coverages from multiple insurance companies.