The years go by, but they are not all the same. Every year, you notice that your home insurance premium is increasing. Is this normal? Assurances Multi-Risques understands your situation, because we all have a budget to stick to.
It is normal to see your home insurance premium increase slightly, as the cost of rebuilding your home increases annually and, as a consumer, you pay the premium based on the amount of insurance you have. Despite the increase in your insurance amount, your premium increase may not be proportional to the increase in your insurance amount.
Here are a few tips to help lower your home insurance premium.
- Contact an insurance broker who will be able to shop around for you among several insurers.
- Maintain a good claims record, as the best way to avoid an increase in insurance premiums is to avoid making a claim. Prevention is better than cure!
- Ensure you have the right insurance coverage that suits your needs.
- Check in regularly with your insurance agent or broker.
Here is some information that may affect your home insurance premium:
- Changing jobs may entitle you to a professional discount.
- Some insurers offer discounts for non-smokers.
- A connected alarm system for fire, theft, and even water damage.
- You can get a significant discount when you don’t have a mortgage lender.
- The increase in your deductibles.
- Combining your auto and home insurance policies with the same insurer.
- If you are over 50 and a member of FADOQ, you can benefit from certain discounts and protections on your home insurance with Intact Insurance.
- Your financial stability and a good credit history.
- Une bonne mise à jour de votre dossier d’assurance habitation vous permettrait d’obtenir plusieurs rabais supplémentaires :
- Recent renovations (roofing, electrical, heating, plumbing, etc.);
- Changing your water heater reduces the risk of water damage.
- A check valve;
- The percentage of your basement that is finished.
It is tempting to reduce your insurance coverage or remove certain important insurance protections in order to lower your premium. Assurances Multi-Risques strongly advises against doing so in order to avoid problems with future claims with your insurer. Contact an insurance broker to get all the advice you need for your home and take advantage of all the discounts you are entitled to.