Figley-Salz & Company Trusted Choice
Auto Insurance Real Estate



Let's face it:  With the destructive storm seasons the past several years--along with the outbreak of  tornadoes in central Oklahoma last May--homeowners insurance in this state is not getting cheaper.  In fact, many carriers have pulled out of Oklahoma, or if they've stayed, they've significantly increased their premiums and deductibles.  Want to avoid the worst of "sticker shock" when your homeowners policy renews?  Here are a few useful tips!

*Deductible.  Many insurers have already significantly raised deductibles--at least the deductible for windstorm/hail--but if you have a policy with a $500 deductible, think about raising it to $1,000.  Or even $2,500.  This will shave several dollars off of your premium!  Here's a rule of thumb:  self-insure the smaller losses; insurance should come in to protect you in the event of a major loss. 

*Bundle.  Insurance companies want your auto insurance!  If you have your homeowners policy with one carrier, and your auto policy with another carrier, think about putting your auto and your homeowners with one carrier.  Most insurers offer discounts, around 5%, to insure both your autos and your home.  So it saves to bundle!

*Security.  Underwriters love home security.  If you install a home security system, they'll reward you with a lower premium.  Even more fundamental security measures, such as putting deadbolt locks on all outside doors, should result in premium savings.  Underwriters also look favorably on fire prevention measures, such as smoke detectors and fire extinguishers.  Always share with your agent what measures have been taken to better secure your home.  Your underwriter will thank you with a lower premium!

*Employment status.  Has a member of your household recently retired?  Tell your agent!  Underwriters like the fact someone is home full-time, and will discount the homeowners premium accordingly.

*Loyalty.  Been with the same insurance company for five years?  Eight?  Twelve?  Ask your agent for a loyalty discount.  Sometimes the underwriter will agree to issue one; sometimes the underwriter will not agree to issue one.  But you'll never know if you don't ask!

It's true that homeowners insurance in this area is not cheap.  So help yourself!  There's an old saying worth sharing once more:  Watch the pennies, and the dollars will take care of themselves.  Words to live by!

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version

Our Carriers



Figley-Salz & Company
Auto Insurance Homeowners Insurance Commercial Auto Workers Compensation Business Owners General Liability More Types of Insurance Like Us on Facebook Follow Us on Twitter Connect on LinkedIn Mobile Site Review Google Places IIAOK
Figley-Salz & Company | 1020 10th St | Woodward, OK 73801 | Phone: (580) 256-3391 Click to Search Powered by Insurance Website Builder