10 Tips for Saving on Home Insurance

With TD Insurance, there are a number of ways you can reduce the cost of your premiums. Here are just a few:

1

Bundle your home and car insurance

When you insure both your vehicle and home with us, we’ll repay the

favour with savings.

2

Take advantage ofpreferred rates for select

alumni associations

Membership in many employer groups, alumni associations, and

professional associations can qualify you for preferred rates.

3

Install burglar and fire alarms in your home

Adding extra security to your home reduces the risk to your home, and the likelihood that you’ll need to file

a claim, so we can pass savings on to you.

4

Update your electrical

A home with outdated wiring is at a greater risk of fire.

By upgrading your electrical, such as replacing fuses with circuit breakers, you can enjoy extra

savings on your insurance.

5

Increase your deductible A higher deductible means that you

carry more of the cost of repairs and replacement in the case of an accident claim, which means lower

premiums – and savings every month.

6

Pay off your mortgage Once you've paid off your

mortgage, your lender can’t require you to have homeowners insurance.

So, as an incentive to keep your policy, we offer you savings.

7

Avoid wood stoves and oil heating

Choosing safer options, like forced-air gas furnaces or electric heat, can bring you added savings

on your insurance.

8

Upgrade your roofAs roofs get older, they’re likely to fail causing major damage.

Replacing your older roof can go a long way to reducing your home

insurance premiums.

9

Consider safe and well maintained neighbourhoods

Living in an area with lower rates of crime and vandalism means you’re less likely to file a claim. We reward

you for posing less of a risk by offering you extra savings.

10

Make structural improvements

Many renovations and improvements can make your home more resilient - and less of an insurance risk. Which

can mean big savings. Ask your advisor which ones qualify.

Have questions? Let’s talk.Call 1-866-361-2311