What better time than now to discuss how you can save money on your homeowner's insurance?  Here are a few different ways you may be able to pay less.

Take stock of your possessions - and your policy - at least annually.  As the value of your belongings changes, so should your coverage.  So if you've recently sold that valuable antique or have downsized your home and its contents, look into reducing your coverage.    

Be loyal.  Many insurers offer discounts to customers who have been with them for a certain number of years.  That's not to say you shouldn't shop around on occasion to see if it would pay to take your business elsewhere, but if you're satisfied with your current provider, remember that staying put can have its benefits.

Bundle up.  Just as insurers offer discounts to long-term customers, many also reward customers for purchasing more than one product from them.  So think about buying your car and/or life insurance from the same provider you buy your homewowner's insurance from.

Boost your home's safety and security.  Smoke and burglar alarms, deadbolts, home security systems: installing any or all of these makes you home less of an insurance risk and can earn you discounts.  Not all security systems qualify you for a reduction, so ask your insurer before installing one.

Explore further discounts.  Ar you a non-smoker?  Retired?  Is your home less than 10 years old?  Is your mortgage paid off?  Do you live in a gated community or belong to a professional association?  If you can answer 'yes' to any of these questions, you may qualify for further reductions.

Lindsay Recommends

Vic O'Hearn with State Farm Insurance (905) 683-2251

Bill Kavluk with Kvaluk Insurance (416) 298-7555

PC Financial Home Insurance 1-866-660-9053