While your home and its contents are at risk from fire, theft, windstorms and other perils, the land your home sits on is not. Don't include the value of the land in deciding how much homeowner's insurance you need to buy. Improve security and safety. If you're thinking about buying such a system, check with your insurer to see which systems they recommend and which will earn you a discount. Smoking accidents account for more than 23,000 residential fires every year.
Some insurers offer to reduce premiums if no one in the home smokes.
Insurance companies have found that retired people stay at home more and spot fires sooner than working people. Older people also have more time for maintaining their homes. Alumni and business associations often work out insurance deals with an insurance company, which includes a discount for association members. Ask your association's director about any such deals. Stay with an insurer.