Auto: Be sure to set up new coverage FIRST! Then, contact your existing insurance company to cancel your policy. Be prepared to present the effective date of change and new policy number. We can help with that if you like. You’re done!
Home: Be sure to set up new coverage FIRST! Then, contact your existing insurance company to cancel your policy. We can help with that if you like. Be prepared to present the effective date of change and new policy number. They will issue a refund, if applicable, from your account which was paid by your mortgage lender at the beginning of the year or at the beginning of your insurance policy term. Note that if you do escrow your home insurance, this refund may need to be placed back into your escrow account. Most mortgage companies have an option for online payments as “additional escrow payment”.
Next notify your mortgage lender(s). You will need to provide a copy of your new insurance Declarations page or policy number to your lender to avoid force-placed insurance. Also provide them with the effective date of change.
Tips to Reduce Your Homeowners Insurance Premium:
Improve your Home Security Many of our partner companies offer discounts from 5-10% for a smoke detector, burglar alarm and dead-bolt locks. Some companies offer discounts up to as much as 15-20% if you install a sophisticated fire sprinkler system. Have a “central” station burglar alarm, meaning your alarm is being monitored by a security company. Unmonitored alarm systems, or “local” station alarm systems provide a lower discount than “central”.
Multi-Policy Discounts Most of our partner companies offer reduced premiums to customers with multiple policies. Purchase your homeowners insurance from the same company with your auto insurance or life insurance. You may just save a few bucks on your annual premium.
Improve Your Credit Score All homeowners insurance companies use your credit score to determine your annual premium. Although an “insurance score” is different than a “credit score”, credit does play a role in your insurance premiums. Note that insurance inquiries into your credit score do not negatively impact your overall score.
Ruzicka Insurance Services, Inc. 12808 W Airport Blvd, Suite 327 Sugar Land, Texas 77478