Five Ways to Maximize Your Home Insurance Plan

Five Ways to Maximize Your Home Insurance Plan

December 12, 2020

Witnessing the formation of your new house is truly an exciting moment for you and your family. And oftentimes, moving into a new home also presents new responsibilities financially, and it can be challenging. Luckily, if you have a home insurance plan, you’re assured that you can make the most out of your decisions in protecting your home. Here, learn five ways to maximize your home insurance policy.

Raise Your Deductible

Deductibles are the amount of cash that you’re required to pay through a loss before your insurer begins to grant your claim request, and its payment aligns with the terms of your coverage. It’s highly recommended to pay your deductibles high, as the higher it is, the more money you can save from your premium. Usually, an insurance company would recommend you at least $500 deductible pay.

Get it From The Same Auto Insurer

Some insurers that offer home insurance would also sell auto and liability policies. What’s great about it is that when you get auto insurance from the same insurer as your home policy, you can take 5 to 15 percent off your premium. It’s also proven that you’ll save much more combined than get the two policies in different insurance companies.

Preventive Maintenance

As the adage goes, prevention is better than cure. You can apply the same thing when you enroll in a home insurance plan. It implies that you will save a considerable amount on your premiums if you decide to improve your home security and its resistance to calamities before it even struck your location. You can save up to 10% from your premium if you take the initiative to move forward.

Maintain Your Good Credit Score

Getting a good record in your credit history will surely help you save from insurance costs. Most insurance companies would try to get to know how good a payer you are by looking through your credit information. If you can establish a solid credit score beforehand, you can enroll immediately in the policy and expect discount offers from various coverage deals.

Be Calculative in Filing Claims

Filing your claim is one of the most crucial stages for your road to recovery after damage or loss to your home property or assets. You can do a handful of ways to ensure that you have an effective and efficient claims process.

Keeping good records and organizing your necessary documents such as receipts and contracts, would fill an important role. Another thing is to keep an inventory of your home so that you won’t lose track of your essential assets in filing a claim.


A home insurance policy could cost you a significant amount of cash and even hike up if not appropriately maximized. Luckily, you can avert the loss by knowing critical aspects of your premium and knowing how to make the most out of it.

At Old Bay Insurance Agency, Inc., we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we’re here to help you out. Learn more about our products and services by calling our agency at (410) 777-5390. You can also request a free quote by CLICKING HERE.