It’s January, and likely the best time to make new year’s resolutions for your home insurance and create a solid plan. Rather than setting unlikely goals you’ll struggle to meet, you can focus on taking care of your home and getting the right home insurance. Homeowners insurance is the best way to protect your home from liabilities such as theft, vandalism, and property damage. Even if you have great coverage, you should revisit your policy periodically to ensure your needs haven’t changed.
Creating The Best New Year’s Resolutions for Your Home Insurance
Consider four more home insurance goals for the new year.
Get a Better Rate on Your Home Insurance
According to statistics, financial goals account for 13% of all New Year’s resolutions. You can form some financial goals by finding ways to save money. Finding lower insurance rates is one of the most effective ways to save, but many people don’t understand how much they’re paying. If you are still determining your premium and last looked at your coverage a while ago, there’s a good chance you’re overpaying. Look at your policy and get quotes from other insurers to see if you can get a lower rate.
Set Aside Savings for an Emergency Fund
Establishing an emergency fund is another wise New Year’s resolution that can also help you save on your home insurance. Having an emergency fund readily available can help you decide whether or not you want to file a claim with your insurance when damage or losses occur. If a storm causes minor damage to your roof, for example, you may be able to cover this cost with your insurance — but a claim could cause your premiums to rise. It may be advantageous to use savings from your emergency fund instead.
Save Money By Consuming Less Energy
Energy bills are one of the most significant expenses that homeowners have to deal with. There are many ways to minimize this expense, and simply reducing energy consumption is a great start. In the new year, you should cultivate smart energy habits such as unplugging unused electronics and turning off lights behind you. You can also install energy-efficient appliances or a smart thermostat that makes it easy to save energy automatically.
Complement Your Home Insurance With a Home Warranty
Although your home insurance likely covers a wide range of liabilities, there are certain risks that it won’t include. For example, if your appliances break down, you’ll have to pay for a repair or replacement out of pocket. A home system protection coverage plan can help you cover the costs associated with a breakdown. Likewise, it ensures that you can have a plan in place if your heating or cooling systems malfunction, and you must replace them without roadblocks.
You can make a New Year’s resolution to mitigate this risk by investing in a home warranty. A home warranty offers repair and maintenance services in exchange for a reasonable monthly premium, so you don’t have to worry about the unexpected expense of repairs.
About E.J. O’Neil Insurance Agency
Since 1898, E.J. O’Neil Insurance Agency has provided homeowners with reliable coverage and high-quality customer service. Today, we offer a variety of policies, including commercial, boat, automobile, homeowners, motorcycle and renters insurance. Quotes are free by phone or online request, and we can provide notary and other services at our location. We pride ourselves on caring for customers when they need it most, proving it with over $3.2 million in claims paid over 12 months. To find the right coverage for your needs, call 413-594-4757 or visit us online.