Smart Insurance Tip

Making Home Improvements? Talk to Your Insurance Agent

Remodeling impacts the value of your home, so whenever you're getting ready to make home improvements, remember to contact your insurance agent about updating your policy.

Also, keep in mind - certain types of home improvements can result in reduced rates. In fact, a chat with your agent ahead of time may affect how you decide to spend your home improvement dollars.

While you're at it, talk to him or her about other ways to reduce your premiums. Actively searching for discounts can pay off.

For example, increasing your deductible to $1,000.can reduce your premiums as much as 25%.

If you're retired, don't be shy about it! Some companies offer great discounts to retirees.

Do some comparison shopping. Then, see if your company will give you an additional discount to stay with them, rather than lose your business to a competitor.