Most people are interested in saving a few bucks, if you’re one of them, there may be a few things you can do with homeowner’s insurance. Homeowner’s insurance can be a great way to make ends meet. Here are a few things you can do to trim some dollars off your homeowner’s policy.
One of the quickest ways to save money is simply to shop around. Sometimes people can become complacent when it comes to homeowner’s insurance. Paying for homeowner’s insurance can be easy to overlook when the insurance premium is paid along with the mortgage payment. But In many cases, people find that they can find better prices if they just take the time to look around. Start is by checking rate comparisons, which many states publish online. There are tons of places online for comparing insurance rates.
You may also be underinsured which is a sure way to lose money if you file a claim. It’s a good idea to make sure you’re not underinsured. Your insurer can provide you with a customized estimate of your home’s replacement cost. This will protect you against a possible surge in the price of materials that can follow a natural disaster.
Consolidating your car insurance with your homeowner’s can also save you money. An umbrella policy is a good way to save some money. You may be able to save as much as 30% when you combine auto and homeowner’s insurance with the same company. Check with each of your carriers to see what savings they can offer by consolidating your insurance needs.
If you have a low deductible, raising it will certainly lower your monthly premium. Most people have a $500 deductible on their standard homeowner’s policy. In most cases you can enjoy significant savings by increasing your deductible to $1000. Just should remember that you will have to come up with $1000, instead of $500 when you file a claim.
Your insurance agent can tell you about these and other possible ways you can save on your insurance.