Many people contact us asking how to bring down their
homeowners’ insurance premiums. One of the quickest answers is to take steps to make your home safer. A safe home means a lower risk of the insurance company having to pay for home damage or other expenses, and leads to lower insurance rates in return. Each precaution you take can reduce your bill.
As of 2014, it is illegal in the state of Connecticut to buy or sell any home without these detectors. Even if you don’t plan on moving, you still want your family to be warned in the event of a fire or carbon monoxide leak.
Install a pool barrier
By law, pools must be behind a fence, gate, or other enclosure so that they cannot be accessed from the outside. If you have small children or pets, keep them safe by also ensuring that there is a fence or other barrier between your exterior doors and the pool.
Insulate pipes near exterior walls
This prevents them from freezing even if the heat is turned off and protects you from costly water damage from a burst pipe. However, if you leave your home for vacation or other extended periods of time, don’t rely on the insulation to protect your pipes alone. Rather than turning your furnace completely off, lower it to around 60 degrees.
Install a burglar alarm
Alarms provide an effective deterrent to burglars and also notifies the police of a break-in immediately, even if you’re away on vacation. Insurance discounts vary as you go from a simple, unmonitored alarm that just sounds when a window is open to a fully-monitored system with motion detectors and cameras.
Add storm shutters
Storm shutters protect your windows from debris caused from both winter storms and the rare tropical system that makes its way up the Atlantic coast. Because they protect you from window damage, wind damage and rain damage, the insurance rate discount can be substantial.
There are many steps to be taken in order to maintain a safe home. Of course Waitte’s Insurance is more than happy to assist you in lowering your premiums; but first and foremost, we wish for your home to be safe for you and your loved ones. For further information, contact Waitte’s Insurance Agency, Inc. today by clicking here.
Start preparing for big changes to your insurance policies in 2015 by carefully reviewing your existing policies and initiating a renewal process, if necessary. Health insurance policies (with the exception of Medicaid, Medicare and private insurance obtained through employers) are highly vulnerable to rate changes in 2015 due to the implementation of the Affordable Care Act. In addition, be aware that states allowing noncompliant insurance plans may effect bigger increases in policy rates.
The U.S. National Flood Insurance Program will be implementing mandated reforms designated by the Homeowner Flood Insurance Affordability Act of 2014. These reforms will slow some rate increases while offering relief to selected policy holders who suffered high premium increases in 2013/early 2014. Starting April 1, 2015, flood insurance rates and fees are scheduled to be revised for new and existing policies.
As more states make it illegal to drive and text, auto insurance companies operating in these states are expected to include sections in policies regarding rate increases if drivers are given citations for texting while driving. In addition, drivers who are found at-fault in accidents due to their use of a cell phone may discover significant increases modifying policy rates. If you live in a state where it is against the law to drive and text, reviewing your existing policy (or reviewing a renewal policy) may provide a surprise or two.
Residents of Norwich, Connecticut paying premiums for all types of insurance are advised to remain vigilant of insurance changes this coming new year by reviewing all policies and making appropriate revisions (when applicable) to avoid unexpected hikes in premiums.
For additional information on how changes in 2015 will effect your current policies, please contact us by Clicking Here, and Happy New Year from Waitte’s Insurance Agency, Inc.!