If you’re shopping around for insurance in metro Vancouver– whether it’s home, life, automotive or other – you should be looking to take advantage of whatever discounts are available.
At Stokholm Insurance, staff members are highly experienced at finding savings that can have a significant impact on the cost of your insurance coverage.
“There are a lot of ways to lower your insurance costs,” says Solvi Stokholm, owner of Stokholm Insurance, a Co-operators Advisor since 2009. “As advisors, our role, first and foremost, is to provide you with exactly the coverage you need. But it’s also to find you the best prices. And that means taking advantage of the best discounts.”
Stokholm says people should start by reviewing their insurance policies annually and meet with an insurance agent to do a proper assessment. Part of the assessment includes a review of all the ways the customer can take advantage of any available discounts.
Here are a few of the ways Stokholm says people can reduce the cost of their coverage:
- Home security: Install an alarm system in your home.
- Deductible: Increasing your deductible will lower your monthly payments and qualify you for a ‘disappearing deductible’ feature, where the deductible is reduced by $100 each year that you don’t have a claim.
- Mortgage:Keep your insurance company up to date with the state of your mortgage. They should be offering a discount in your premiums if you pay it off.
- Age: There is a mature age discount for those over 55.
- Stay and Save:If you join Co-operators for two years and you are in your own home for two years, you can get a 5% discount.
- Repairs: If you own an older home where you’ve upgraded the electrical or heating within the last 20 years, you may be eligible for a discount.
- EnvirowiseDiscount: Homes that are LEED-certified qualify for a 10% reduction.
- Clean record: Being claims-free keeps your premiums low.
- Co-operative housing:Because Stokholm Insurance is part of a The Co-operators, it offers discounts on home insurance for those living in co-operative housing.
Stokholm knows that many people want to know “How much do I need? What’s normal?” but each case is different.
“A proper evaluation with an experienced agent is the first step,” she says. “Then you can properly review your options and pick the coverage that best suits your needs.”