The best advice on California homeowners insurance is to be assertive and even aggressive about researching and getting discounts. These are important to keeping your premium affordable and there are more discounts than most consumers even realize.
You’re in the right place to compare various carriers and see how widely their pricing and discount structure varies. This will allow you to get the very best policy for your specific situation
Homeowners insurance and your risk assessment
Start by understanding how a carrier assesses you. It is all about risk and actuarial tables that show the types of consumers, locations and other things that present more risk. That is the way pricing of premiums is done. So understand your own risk profile.
Do you live in an area that is prone to bad storms, such as tornadoes, hurricanes and ice storms? Are you in a flood plain or a hurricane state? What have you done to protect your home from damage? Often, such things as hurricane shutters or other protections will help lower a premium in a state that has bad weather.
But as many homeowners have learned, homes can be entirely lost in a bad weather event. That is why it’s so important that you have specified the right replacement value for your home. Look at that figure very carefully and understand how much depreciation weighs into it. You do not want to find yourself with too little money to replace a home if the worst thing happens.
Also take a close look at the exclusion pages of your policy. Jewelry, antiques, art and collectibles are going to require a separate rider if they are more valuable than the limits set in your standard policy.
Homeowners insurance lower with good security
Do not underestimate the positives of a good home security system. Your rates will be lower if you have installed a monitored system with instant connection to police and fire departments. This is especially important if you live in an area plagued by theft.
You can also find discounts by bundling all your coverage under one carrier. Companies want your business and will reward you for giving it to them. Other companies will give you a customer loyalty or longevity discount. By finding the right discounts for your situation, you may find your premium is far lower than you expected.
Keep a healthy credit rating, as this is part of the assessment insurers do of your risk. Resist the urge to file a claim for every small loss, as claim history is also a factor.