What are some sensible things I can do to lower the cost of my homeowners insurance?
The easiest, and most important, thing to do is have an agent do a comprehensive personal review of your policy and property. One of the most common mistakes in homeowner policies is improper coverage. It is not uncommon to find quotes for homeowner’s insurance that vary by hundreds of dollars for what appears to be the same coverage. When you shop, be careful to ensure that each insurer is offering exactly the same coverage. Another method to lower homeowner’s insurance costs is to ask about discounts you might qualify for. As an example, many insurers will offer a discount when you place both your automobile and homeowner’s policies with them. Other items of note are deadbolt locks on exterior doors, or home security systems. Be sure to ask about all available discounts when making your application. Another effective method of lowering your homeowner’s insurance costs is to raise your deductible. Increasing your deductible from $500 to $750 or $1000 can lower your premium as much as
