It's a great feeling to save money on your homeowners insurance, every little bit counts. When it comes to saving on your policy, there's a few things you can do to make sure you're getting the largest discount. You might not be able to follow each tip, but keep them in mind when you want to save money on your homeowners insurance.

1. Don't smoke in or around your home. Naturally, smokers increase the chance of having a fire start in the house. Insurance companies will take note of this and adjust the cost of your policy accordingly. Savings of around 5% can be had, depending on your company.

Homeowners insurance is definitely great to have when you need it the most.

If you are unfortunate enough to suffer a loss, your response will depend on the type of loss and the surrounding circumstances.

If someone is hurt while playing with your children on your property, you should call either a doctor, hospital, or parents in order depending on the severity of the injury.

If you come home after work to a burglarized home the first thing you do is call your local police station.

If you suffer from a fire most states have policies that state what to do in these sorts of losses. First, the insured should give written notice of all losses to their insurance company.

The basic homeowners policy includes reassuring coverage of medical bills. This covers any injuries any person might receive while on your property if it was caused by "an accident." This also includes away from your property if the injured person is at fault.

If you employ people out of your residence, for example if you hired a cleaning company, it is a smart precaution to have basic coverage in case someone were to injure themselves and sue you.

It's especially smart to have it if you are doing any home repair or rehabilitation. Unfortunately, injuries are common in construction work, so make sure you're protected.