Top Hidden Home Insurance Credits

If you are on the market for a home insurance policy, make sure you take the time to review your policy with your insurance agent to ensure you are not missing out on hidden savings. Here are the top hidden credits for home insurance.

Gated Community

In the Las Vegas, NV area there are an abundance of gated communities and if you live in one, you may be able to reduce your premium. Insurers view gated communities as an extra level of security reducing the chances of a burglary. You can see a 5%-20% savings.

Recent Renovations

If you have recently renovated your home, you may be eligible for a credit. If your renovation included new wiring or a new electrical panel, the insurance company will view your home as safer. Renovations can save you up to 25%. Ask your agent at Stevens Insurance for tips if you are planning on renovating.

Retirement

Cutting costs during retirement is important, and the mature insurance credit might help. Insurance companies understand that when one is retired you are spending more time at home and if there is a burst pipe the loss will be mitigated immediately instead of when you get home from work. The retirement credit can save you between 10% to 25%.

Upgrade your Sensors

Of course, you should always have the standard fire alarm and security system. However, there are new products on the market that an insurer will give you additional credit for. You can purchase water sensors that attach to appliances that will shut off the water source if there is a leak. These sensors will get you an additional 5%-10% in savings.

If you are in the Las Vegas, NV area and would like to learn more about credits, reach out to Stevens Insurance.