24 Feb How to Save On Your Property Insurance
How to Save On Your Property Insurance
Every property owner has to carry Property Insurance. Property Insurance is after all, a very useful coverage. We work with a lot of property owners and we often see policies that are not utilizing all the discounts they should. We have prepared some tips for you to save money on your Property Insurance policies.
How to Save On Your Property Insurance – Check Your Updates!
The most common mistake we see when working with property owners is a lack of understanding for how building updates affect pricing. We understand it may be difficult to find out if your building has had major updates, however, it is worth your time as you may receive discounts or become eligible for a carrier that would have otherwise declined to quote your property. In many cases, buildings have updates without the owner even realizing it. Sometimes it just takes a little digging to find out when the building has had its most recent updates.
How to Save On Your Property Insurance – Shop Your Policy!
Property Insurance companies change annually, therefore it is a good idea to find a Broker that will shop your policy every year. Find a Broker that you trust and make sure they understand the intricacies of Property Insurance. Once you find a solid Broker, that truly represents you rather than an Insurance Company, you will likely save money and you will have less to worry about. Also, in most cases, there is no additional cost to working with a Broker.
How to Save On Your Property Insurance – Important Discounts!
There are many discounts that may apply to your property that you should take advantage of. One of these discounts, building updates, we touched on already. You can also receive discounts for the number of units on your property, if you have an on-site property manager, the amount of your deductible, and more. Many people are eligible for these discounts and don’t even realize it.
We would like to help you maximize your discounts. We have Brokers eager to answer all of your questions and provide you with the discounts you need.
If you would like to discuss your Property Insurance, please call us at 925-297-4829.