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How to Get Discounts on Homeowner’s Insurance

If you own your home and have homeowner’s insurance on it, you can qualify for discounts on your homeowner’s insurance policy. Reduce risk, the chances of having a claim at all, and the severity of any homeowner’s insurance claim you do have. You can also save on your insurance premiums by putting some of these tips into effect.

  • Install a UL-approved smoke detector on each floor. Replace the batteries yearly. Also install a carbon monoxide detector.

  • Install a UL-approved dry-chemical fire extinguisher in the kitchen for grease fires. Check it periodically to make sure it’s fully charged.

  • Have your fireplace, flues, and chimney cleaned regularly to prevent chimney fires (and all the horrible interior smoke damage that results).

  • Install a central burglar-and-fire alarm (the premium savings are huge for this one — 10 to 20 percent).

  • Install deadbolt locks on all access doors.

  • Install a motion detector alarm.

  • Install a sump pump system to prevent damage from groundwater, which is excluded by virtually every homeowner’s policy. (Be sure to buy optional sump pump failure coverage.)

  • If you have a swimming pool, have an approved fence. Take out the diving board (where most injuries occur). Add a locking pool cover to prevent unauthorized use.

If you’ve already taken some of the steps that translate to a discount, make sure they’re reflected on your policy. And ask your insurance agent whether any other discounts are available to which you may be entitled.

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