Houston Homeowners Insurance Premium & Discount Questions
What discounts are available to me?
Discounts, yes please! Remember to ask about discounts available from your carrier. Many carriers offer discounts for multiple policies, security systems or fire protective devices, certain smart home technologies, “green” home certification, loss-free history, and more. Discounts vary by state and eligibility.
What can I do to lower the cost of my homeowners insurance premium in Houston?
The cost of your insurance, or premium, partly depends on the coverages, deductibles and policy limits you choose. Here are a few tips that may help lower your premium:
- Talk to your insurance representative about your insurance needs and eligibility for discounts
- Invest in smoke detectors, interior sprinkler systems, home security and smart home technologies
- Bundle or purchase multiple policies with one carrier, such as car, boat and umbrella insurance
What are the benefits of having multiple policies with a single carrier?
Savings! Bundling your car and home with a single carrier can save you up to 15% on your home insurance. You can see additional savings when you purchase other policies like boat, umbrella insurance or a personal articles floater.
Can security systems, fire alarms and sprinklers save me money?
Yes, as can some smart home technologies. Ask about the possibility of a protective device discount.
What are the advantages of having a “green home”?
It’s good for the environment, for one. Insuring a Leadership Energy and Environmental Design (LEED) certified home might also mean you qualify for a green discount.
What is the “cost to rebuild” or “estimated replacement cost” of my home?
The “cost to rebuild,” or “replacement cost,” is the estimated amount of money it would take to rebuild or repair your home in Houston at the time of a covered loss.
Labor, material and equipment costs specific to your area can all impact the estimated replacement cost. Our staff can help you calculate what this would be for your current or prospective home.
What is a deductible, and how does it affect my home insurance premium?
A deductible is the amount of a covered claim that is your responsibility. It can vary, and may be either a dollar amount or a percentage. Some policies even have multiple deductibles. So, if you have a deductible of $500, then you will pay the first $500 of a covered claim.
Your premium is how much you pay for coverage. Typically, if you have a higher deductible, you may pay a lower premium, and vice versa. A lower premium may be nice for your wallet, but remember to choose a deductible you can actually afford in the event of a loss. Our staff can help you with this.
If you are looking for home insurance coverage for your property in Houston, Texas, call us today at 512-331-0787 or fill out a free online quote now. Our team is here to ensure you find the right coverage for the best price.