Choosing Insurance Doesn't Have To Be Stressful

3 Tips To Save Money On Your Homeowner's Insurance

Having insurance from a company like Colling Insurance Services, Inc on your house is a necessity for every homeowner. It's something you no doubt accounted for before you even closed on the property and signed the contract for your mortgage. While your homeowner's policy was likely set as soon as you moved into the house, this doesn't mean that you will be stuck paying the same amount every month into the future. There are a number of factors that could potentially change the ongoing cost of your homeowners' insurance. The key, however, is knowing how to identify these factors and remembering to call the insurance company when one of them occurs. Here are a few tips to keep in mind if you'd like to try and save some cash on your homeowners' insurance policy.

Call Anytime You Replace Anything

If you are doing maintenance around your house and you notice something that needs to be repaired, don't forget to call your insurance company after the repair is complete. While something like a new roof will obviously affect your policy, your company may also offer discounts for smaller updates to the home, like a new water heater or switching to central air conditioning. When in doubt, always call your insurance company and ask if the recent update could save you a few dollars. The worst thing they can say is no.

Call If You Go for Years Without Any Claims

Many insurance companies offer a discount to customers who go for years without making a claim on their policy. But the catch is, not every company might have this process automated. If you know it's been a few years or longer since you've had to call your insurance company for anything, get in touch and point out this fact. You may have been leaving a potential discount on the table without even knowing it. If your insurance company offers further discounts once you make it to another milestone, make sure you ask for this offer in writing.

Call After Improving Your Credit Score

When the insurance company sets the initial rate on your homeowners policy, they take a lot of things into consideration. One of these areas is the personal credit score of the person applying for the policy. If you have put work in to improve your credit score, you are likely now more likely to be approved for new credit offers. But don't forget about the deal you already have. Call your insurance company and let them know that your credit score has dramatically improved and that you'd like them to consider running the numbers on you again. 

Your homeowners' insurance rate is not set in stone. Take the initiative to update your insurance company whenever a change is made at your property or within your financial life that you feel may have a positive impact on your monthly premium.