You Do Have Control Over Your Home Insurance Costs

A Chicago Personal Insurance Update

Many people believe that they have little or no control over their homeowner’s insurance. Often people think that premiums are determined by some “secret formula”.  It is true that every company has rates for their homeowner’s premiums, but there are many factors that help make up your homeowner’s premiums.

Factors that help determine your homeowner’s premiums

• Location
• Age of home
• Age of roof
• The replacement cost
• Distance to fire station

Get the best possible homeowner’s premiums

• Install deadbolt locks.
• Increase your deductible.
• Some insurers offer occupational discounts for teachers, police/firefighters, government employees, etc.
• Install a central station security system.
• Your agent can help you evaluate the different policies and companies so you can make the choice this is right for you.
• Ask for other discounts offered by your insurer.
• Make sure your replacement cost is up to date.
• Do you have Replacement Cost or ACV coverage? We recommend replacement cost.
• Do you need loss of use coverage? Most homeowners and renters do.

Slevin Insurance Group is one of the leading insurance agencies in the Chicago area. We’re always looking for ways to improve even though we think we’re already the best. Don’t just take our word for it – it’s what our customers are telling us.

This entry was posted on Friday, May 18th, 2018 at 1:11 pm and is filed under Flood Insurance, Home Insurance, Personal Insurance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.