Tips For Lowering Your Homeowner’s Insurance In Camp Hill PA

real estate agent AmesLately, many homeowners have noticed that their insurance rates have increased even though they haven’t made any changes to their current policy. Most insurance companies say that this increase is due to the number of insurance claims that have been filed by customers. Many homeowners are on a tight budget and an increase in their insurance premiums can be devastating. Luckily, there are a few ways that homeowners can decrease the amount that they are currently paying for Homeowners insurance in Camp Hill, PA.

One potential way to decrease your mortgage insurance premiums is to increase the amount of your deductible. Most policies have a $500 deductible that homeowners are required to pay when they file an insurance claim. However, if you increase your deductible to $1,000 or $1,500 you will likely see your insurance rates decrease by up to twenty-five percent. It’s important to remember that you should choose a deductible that you feel you will be able to pay if you have to file an insurance claim.

Another way to decrease the amount that you pay for Homeowner’s insurance in Camp Hill PA is to increase the amount of security that your home has. Many older homes don’t have dead bolt-locks or smoke detectors and by installing items, your insurance premiums are likely to decrease by about five percent. If you decide to get a security system or a sprinkler system installed, you could see an additional savings of about ten percent. If you no longer have a mortgage loan, you may be able to lower your premiums by decreasing the amount of coverage that you have, as well.

Many people have also been able to decrease their homeowners insurance by grouping their auto and homeowners insurance into one policy. Some people feel that you can save money by staying with the same insurance carrier for an extended period of time. However, it’s also a good idea to shop around for lower rates. If you would like to decrease the amount that you’re currently paying for homeowners insurance, you should contact Farnham Insurance today to get a free and quick quote. Keep in mind that receiving a quote doesn’t obligate you to purchase an insurance policy.

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