Home Insurance: Bang for Your Buck

When it comes to home insurance there are many ways that you can get the most bang for your buck. Today we’re going to discuss the five most effective ways to save money on home insurance.

1. Keep your inventory list safe
This might sound like a no brainer but far too often we’ll hear about people losing their inventory list due to a fire or theft, or in other words, when they need it most. Fortunately, this is a completely preventable situation. To ensure that you are never in this same situation follow these tips. First, if your inventory list is a physical copy, make sure it is kept somewhere protected, your bank box or in a fire proof safe are usually good places to start. We like to recommend having both a physical copy and an online copy of your inventory list and any related photos, videos saved somewhere such as Dropbox or One Drive, in other words a secure cloud account. Although it is not the end of the world if your inventory list is lost or damaged taking the time and effort to make sure that is remains secure now will safe you stress, money, and even more time in the long run.

2. Make sure you’re receiving the appropriate amount of coverage (not too much, definitely not too little)
Once again this tip is pretty self-explanatory. You don’t want to be paying more than you have to but you also want to make sure you are covered for the things that matter. Finding the balance is key and our experienced insurance agents at Gebhardt Insurance Group can help you do so.

3. Be aware of ways to save on your premium.
When it comes to saving on your premium there is a multiplicity of options available. The first basic way is to make sure that you “disaster-proof” your house as much as possible (i.e. alarm systems, dead bolts, fire alarms, updated electrical systems, etc.). All of these not only increase your chances of remaining safe but help to lower your premium. Other ways to save on your premium are to pay attention to the actual house you are insuring, for instance if it’s 100 years old chances are your premium is going to be a bit higher. On the same hand, if you live closer to a police department your premium might actually be lowered! These are all factors that you can take into account if you’re buying a home. The final tip for saving money on your premium is to make sure you have good credit. Many insurance companies will view your score and adjust accordingly. In addition, having good credit never hurt!

4. Ask what discounts are available
The straightforward options always seem to be the least obvious. Sometimes all it takes is asking if there are any discounts available to get you a discount! For instance many insurance companies will lower your premium if you buy home and auto insurance together, all you have to do is ask.

5. Finally, shop around!
Shopping around guarantees that you know what options are available to you. It may be time consuming but it’s worth it. At Gebhardt Insurance Group we understand that people need options, which is why we partner with over 40 insurance providers to ensure you get the best coverage possible for the best price possible. Call us today and we’ll help find the perfect insurance plan for you!

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Steve Gebhardt

Gebhardt Insurance Group was honored by AAA Insurance for being the top New Policy Agency in Arizona for 2013 and achieving the "Emerald Achievement Award."

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