1. NEWS RELEASE
Contact: Merwin & Paolazzi
Merwin & Paolazzi Offers Tips to Help You Save
on Homeowners Insurance
[Lyndhurst, NJ] – Purchasing the homeowners insurance that is right for you and your
home can be confusing, especially for first-time buyers. By learning the basics on how
to get the most for your money, you can save on your homeowners insurance and feel
confident you have adequate coverage. Merwin & Paolazzi would like to offer these
tips to lead you in the right direction when you purchase your homeowners insurance.
• Shop around. In addition to considering friends, family, the phone book or the
Internet as possible sources to find homeowners insurance, consult with an
independent insurance agent. Look for a wide range of prices from several
companies. Remember, you get what you pay for, so look for not only a fair price but
excellent service as well. Check a company’s financial rating with A.M. Best or
Standard & Poor’s.
• Raise your deductible. Companies generally have deductibles (what you pay
before your insurance policy kicks in) starting at $250. By choosing a higher
deductible ($500, $750, $1,000 or higher), you’ll have lower annual premium
payments.
• Consider how much insuring a new home will be. The age of your home may
qualify you for savings because plumbing, heating and electrical systems of newer
homes have lower risks than outdated systems. Construction of the home (brick
versus wooden frame) can affect your cost as well, depending on your home’s
location. Also, if you live near your local fire department, your homeowners rates
might be lower than if you are many miles away.
• Insure your home, not your land. Since homeowners policies don’t provide
protection for your land, it would be a waste of money to include its value as part of
your dwelling coverage, which should only reflect the price it would cost to repair or
replace your home’s structure.
• Insure your car and home with the same company. You can save money if you
have more than one type of policy with the same insurance company. The more
good business you give the company, the more valuable you are as a customer.
• Improve home security and safety. If your home has certain types of fire alarms,
burglar alarms, locks, or smoke detectors, you’ve reduced your risk and may qualify
for a credit.

2. • Look for senior discounts. If you are at least 55 years old and retired, your
insurance company may offer you a discount. Retirees often spend more time at
home and are more likely to spot trouble and prevent a loss.
• Look for group coverage. Many insurance companies offer discounts to groups
such as alumni or business associations. Check with your association director or
employer to see if they offer a plan.
• Stay with one insurer. If you keep your coverage under one insurer for several
years, you may be offered a discount from the company. The longer you are a
customer, the more money you will likely end up saving.
• Compare the limits in your policy to the value of your possessions at least once a
year. If you make any major purchases or additions, you want to ensure they will be
covered, but you do not want to spend more than is necessary.
Established in 2005 Merwin & Paolazzi is an independent insurance agency
offering a full range of insurance products including :
AUTO, HOME, UMBRELLA, LIFE and COMMERCIAL INSURANCE.
Merwin & Paolazzi is a member of PIA and Meadowlands Chamber of Commerce .
For information and quotes on insurance coverage, please visit
Merwin Paolazzi at 518 Stuyvesant Avenue, Lyndhurst NJ 07071 or call
201-460-8400 or visit our website @ http://www.merwinpaolazzi.com/ .