Few homeowners in Texas will say that their homeowners insurance premium is affordable, but it could be more affordable than it currently is. The average homeowners insurance 10-15 premium is $1,660 in Texas, which ranks Texas as having the third highest rates in the country, for details https://www.texasquotes.com/homeowners-insurance/. This type of coverage is required by most mortgage lenders, so most homeowners in the state will need to maintain a homeowners insurance policy. However, even for those homeowners who do not have a mortgage on their home, maintaining coverage makes sense. It can cover repairs or a replacement due to a lengthy list of potential perils, replace personal property and even minimize your risk to liability. Discounts are available to make your coverage more affordable, but some are not taking advantage of all of the discounts available to them. These are among some of the more common discounts that are not currently being fully utilized.
Home Security Discounts
Some homeowners in Texas believe that the only way to qualify for a home security discount is to have a monitored security system installed on the house. While this is one way to qualify for the discount, some insurance providers have other qualifications as well. For example, if you live in a gated community, you may qualify for this discount. Some homeowners insurance providers also have a discount for homes with a deadbolt lock on the doors. If you do not currently have deadbolt locks, you may consider making a lock replacement project a priority this weekend so that you can take advantage of this money-saving option on your policy.
Fire Safety Discounts
Another idea is to ask about fire safety discounts. While many homes only have a few fire alarms in place, there may be additional discounts if you have carbon monoxide detectors, fire extinguishers, heat sensors or other equipment in the home. You can inquire with your insurance company if additional discounts are available. If so, you may be able to make a few affordable upgrades to your home to improve fire safety for the benefit of your family and to take advantage of these homeowners insurance deductions.
Miscellaneous Home Discounts
Each homeowners insurance provider is different, and some offer discounts if your home has certain features or is made with different types of materials. For example, if you have new electrical wiring in place or if your roofing material is hail resistant, you may qualify for a discount on your homeowners insurance. If you have a swimming pool with a gated fence around it, this may also qualify you for a discount. New piping, weather-resistant exterior features and other items can also result in a discount with some homeowners insurance providers. Because these discounts can vary significantly from provider to provider, it may be wise to have a thorough discussion with your insurance agent to learn more about the discounts that your home may qualify for. You can also learn more about affordable modifications or improvements that can be completed as a do-it-yourself project that may save you money on your premium.
Homeowners insurance can be expensive, but discounts are available to make it more affordable. Some homeowners are missing out on great money-saving discounts that they may qualify for simply because they are unaware of the discounts. Take time to review your coverage and discount possibilities with your agent today, and you may be able to save on your premium.