2torial #0790:
Learn2 Shop for Home Owner's Insurance (continued)

Get a discount

You may be able to get a lower premium by insuring your home with the same company that handles your automobile policy. To find out about other discounts, ask the insurance agents at the companies you're considering. These may include:

Home security. Most insurance companies will give a small discount if your home has smoke detectors, a burglar alarm, and dead-bolt locks. You may be able to get an even bigger price break by installing alarms that ring directly at the fire or police station.

Identification devices. Mark your television, stereo, microwave, camera, and other valuables with a special tracing device. Insurance companies can provide details about these.

Don't smoke. Your premiums may be reduced if all the residents in your home are nonsmokers.

Group coverage. If you're part of an alumni or business association, you may qualify for a discount.

Loyalty. Some insurance companies give discounts for staying with them for a certain number of years.

Age. If you're over 50, ask about discounts based on age.

Insurance shopping is about hoping for the best while preparing for the worst. By finding a comfortable balance between your needs and your options, you'll be able to relax in your home sweet home.

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