Having homeowners insurance is both necessary and expensive for you. By knowing how to save money on your policy, you will be able to invest that money into improving your home for you and your family. The following are a few tips on how to save money on your Homeowners Insurance in Canton, MI.
One of the best ways to drastically lower the cost of your homeowners insurance is installing a security alarm that is monitored. Usually, the alarm will be monitored by a third party company or it can be tied to your local police department, either way the system can save you up to five percent on your Homeowners Insurance in Canton, MI. You will need to provide proof that you have a security system and that it is monitored to receive the savings from you insurance company. You can also tie smoke alarms to your security system, which can save you an additional ten percent on your insurance. These features will cost a considerable amount of money to install, but it will pay for itself in the long run.
Raise Your Deductible
Homeowners Insurance in Canton, MI is just like life insurance in the respect that by raising the deductible on your policy, you can significantly reduce your monthly payment. The only drawback to this strategy is that minor repairs such as broken windows or leaky pipes, will have to be paid by you and not your insurance due to the cost of the repair. You should carefully consider whether rising your deductible is the right thing for you, if you have small children that are prone to accidents; you probably want to keep your coverage the same.
If you find yourself in need of homeowners insurance, you should call the knowledgeable professionals at America One Michigan Insurance Group. They offer insurance for just about anything, from homeowners to Car Insurance, America One can help you. Call them or visit their website for more information on the policies they can offer you. Be sure to remember that they also offer commercial policies, so if you need to get your business insured America One can help you.