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9 Cost Cutting Insurance Tips for Home Owners – Part 1

9 Cost Cutting Insurance Tips for Home Owners – Part 1

Moving into your new home is exciting and the last thing anyone wants to think about is the prospect of something bad happening to their home and possessions, and while the topic may seem uncomfortable its one all home owners need to consider.

Getting your home and its contents insured doesn’t have to be a costly exercise, there are a few things that you can do to help keep the cost of your insurance premiums down. In this three-part blog we will share 9 cost cutting insurance tips for home owners.

Install a security system

Whether you live in a free standing property or a gated community having a security system that is monitored by a central operator, who can dispatch assistance for any suspicious activity, can greatly reduce your premiums. You will need to provide proof of your security system to your insurer if you want to benefit from the reduced costs.

Look for multiple discounts

Many insurance companies now offer discounts to those seeking insurance if they take out multiple insurance policies with the company. For example, you may just be able to save big time if you insure your cars, home and all your personal belongings with the same insurer. When you’re out looking for insurance be sure to find out what else your potential insurer offers and what the savings could be like.

Review your policies regularly

It’s important to review your insurance policy annually and compare your costs to those of the policy. This is so that you can note any changes that may lower your premium and update your policy accordingly. Even changes to the neighbourhood like the installation of a fire hydrant nearby or gating off the area could greatly affect your premiums.

Lookout for part 2 of our post where we look at three more cost cutting insurance tips for homeowners.

Living in a secure apartment complex or lifestyle estate can greatly help to reduce your insurance premiums. Contact Mobus Property today for the range secure properties in our portfolio.

Contact Mobus Property for more information.

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