Reduce home insurance cost without weakening protection

Start with the policy

• Compare the same deductible, limits and endorsements.
• Ask for pricing with and without sewer backup, overland water, earthquake and valuables coverage.
• Verify whether rebuilding cost is guaranteed, capped or indexed.
• Compare total annual cost, not only the monthly payment.

Discounts to ask for

• Auto-home bundling, annual payment, claims-free, newer or renovated home.
• Leak detectors with automatic shutoff, monitored alarm, backwater valve and sump backup.
• Recently replaced roof, plumbing, heating and electrical panel with records.
• Raise the deductible only if the emergency fund can absorb it.

Reduce water losses

• Replace aging hoses, inspect under appliances and test fixture shutoffs.
• Place detectors at the water heater, washer, dishwasher, refrigerator, sump and mechanical rooms.
• Extend downspouts and correct grading.
• Document roof, foundation-drain and sump maintenance.

What can raise the premium

Wood stoves, oil tanks, older wiring, polybutylene plumbing, an end-of-life roof, rental use, home business, pools, hot tubs, trampolines or vacancy must be disclosed. An omission can jeopardize a claim.

Annual file

Keep photos, invoices, serial numbers, inspection reports, permits, chimney certificates and a home inventory. Re-shop periodically without cancelling until the new policy is confirmed in writing.