Building a home is not easy and it involves a lot of hard work and money; there are a lot of things to think about; the colour of the walls, the furniture that should be there in the house, the fixtures and then home insurance is also an important thing to think about. So building a house from scratch involves a lot of things, which becomes quite financially draining. But you can save money on home insurance with the home insurance discounts.   

Types of home insurance discounts

Every insurance company offers different discounts, so you need to check with your insurance company to see which discounts they offer and how can you qualify for them. Every company offers different discounts; here are a few common home insurance discounts that are usually offered by companies:

  • Multi-policy discount- Insurance companies favour those who two or three products from them; on doing so they reward their customers with discounts which is known as the multi-policy discount. This is also a great and convenient way because then you just need to deal with only one insurance company.
  • Claim-free discount- In certain cases where the customer doesn’t claim the insurance money, the company might lower the rates. Insurance companies like customers who are easy to handle and do not claim money.
  • Loyalty discount- Loyalty is of great importance, so if you stay with the same insurance company for a long time then it may give you some kind of discount.
  • Discounts on new homes- Homes that are new and are built according to the new standard, might get discount from the insurance company.
  • The fire alarm discount- Having a monitored fire alarm system means that your home would not receive any damage as such, so the companies offer a reduced price to such homeowners.
  • Impact resistant roof- Getting the roof repaired can be expensive, which is why one should have an impact resistant roof. This lessens the chances of the roof getting damaged and the insurance company might even give you a discount.
  • Stronger and safer home- In case your home is stronger and safer, structure wise then you can qualify for getting a discount as the chances of making a claim are less.

Every insurance company has its own policies and terms of qualification, so in order to qualify for a certain discount it is important to go through the terms and conditions of a particular insurance company. For a more complete list of home insurance discounts and for more information on saving money on your premium go to: