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Money can be tight for many homeowners, especially in today’s economy. For this reason, cutbacks sometimes need to be made in your personal budget. However, it is important not to scrimp on the important bills, and your homeowners policy is one of them. You also don’t want to reduce your coverage in a way that won’t cover potential issues.

Having the right insurance after a disaster is key to moving on quickly and easily. That’s why Aftermath Adjusters is offering these tips on how to save money on your homeowners policy without skimping on your coverage.

Construction Projects

One way to save money on your homeowners policy is to analyze the cost of a construction project before you build. For example, a structure made out of wooden frames cost more to insure because of their risk of burning. On the other hand, steel frame structures cost less because they are more durable and can withstand severe weather conditions.

Mortgage Payoff

Another way you can save on your homeowners policy is to completely pay off your mortgage. Insurance providers often presume that because someone owns their home, they will put more effort into taking care of it. Therefore, your insurer is more likely to provide lower rates, and your premiums will be reduced once your mortgage is paid off.

Setting Up an Alarm System

Installing a home security or alarm system can lower your homeowners policy premiums, and they are often inexpensive to set up. An added benefit of setting up a security system is the peace of mind it can give knowing your home is protected while you are away.

Insurance companies want to know that the investment they have made in you is a safe one. Therefore, the more effort you put into protecting your home, the more confident they are that your property will not suffer a huge loss. This will allow them to reduce your premium payments. Contact your insurance provider and let them know when you have security measures in place so that you can benefit from these discounts.

Changes in Your Neighborhood Affect Your Homeowners Policy

If the neighborhood you live in has made any recent changes, you may qualify for a lower premium payment. For example, a fire hydrant, or other certain structures, being installed close by could decrease insurance costs.

Homeowners Policy Deductibles

Raising your deductible can also lessen the cost of your homeowners policy premium. This is an option to review with your agent when choosing the overall best policy for you and your needs.


After reading these tips, you are now more prepared to meet with an insurance agent to discuss your options. You will be able to work out a policy that is low in price, yet high in quality. This will give your property the protection that it needs at an affordable cost. Get started right away since damage or loss can occur without warning.

At Aftermath Adjusters & Consulting LLC, we handle residence loss claims daily and can help you understand your homeowners policy. It is important to know the details of your insurance plan. In case your property experiences loss or damage, you will need to know what it will and will not do.  Give us a call for a free consultation. We’d be happy to look over your homeowners policy to help you understand what it does and does not cover.