That said, many people do over pay for coverage when they are not even that sure what it protects. You might also be overpaying because you are not aware of some hidden homeowners insurance discounts that you could qualify for. It is not that your agent or insurer is trying to keep these things a secret, but simply that he might not have thought to ask. Since it is your home it is your responsibility to be on top of things!
Quick Tips To Save Money On Home Policies
- Auto and home bundling discounts are one of the most common ways to save money on insurance. A lot of so-called discount insurers do not sell both products, so you might not be able to take advantage of the discount.
- Getting your roof repaired, or doing anything that reduces the risks of claims can help you get cheaper coverage too. If you are about to make repairs, call your agent to find out which things you can do that will lower your coverage premiums.
- Are you thinking about moving into another home. You should remember that the cost of your home policy is one of the largest fixed expenses you might need to consider. You can shop for a good mortgage rate, but also for a house that is insurer friendly because it has safe, has had proper maintenance done, and is not in a hazardous area.
- Remember that flood insurance is not included in a typical homeowners policy. It is a good idea to find out exactly what your existing policy covers, and also ask the right questions when you are purchasing another house.
