When choosing a Connecticut homeowners insurance policy you should stop to consider your own comfort level. After all, you’re able to choose your deductible level, which is the amount you’ll pay out of your pocket when you have a claim, or you may opt for a higher deductible that can lower your monthly premiums significantly. However, you might be more comfortable paying a higher premium each month for greater peace of mind should an unfortunate incident take place and your home ends up in need of repairs.
Obviously the choice is yours to make. Your Connecticut homeowners insurance company can provide a variety of premium/deductible scenarios, any of which may best suit your current needs.
Safety translates into savings
You can likely save money through added safety measures. For example, you may be able to save on insurance premiums by looking into safety and prevention features that agencies often feel merit a discount. Consider purchasing monitored security alarms, and take added precautions, such as installing deadbolt locks, which can make your home less accessible to thieves. Having accessible fire extinguishers on hand is another good addition to the home, reducing the risk of severe flame and/or smoke damage.
Preventive maintenance is its own reward
Even though a home insurance policy is designed to repair or replace your property in the event of an unexpected major loss, individuals who repeatedly file claims for minor problems may face the possibility of paying higher premiums. Conducting preventive maintenance on your home by repairing small problems instead of relying on insurance coverage can help avert more substantial losses down the road.
A number of providers offer home warranty coverages more suitable for maintenance needs involving appliances, or plumbing and other regularly needed repairs and replacements. Also, keep your records current so that if you do end up having to file a major insurance claim, having up-to-date records of your home’s contents and structural condition can be invaluable during the claims process.
Remember to inform your insurance company (since it may affect the replacement cost of the home), if you’ve made any significant renovations to the home at any time after moving in, and also take an inventory of your belongings including how much you paid for each item and its current value. Make a recording of your possessions with pictures or a video camera and store the records outside of your home where they’re less likely to be destroyed in a disaster. When trouble strikes it’s always good to know your Connecticut homeowners insurance agent will be by your side.