Do you think you may be paying too much for your homeowners insurance? In truth, you probably are, but not for the reasons you’d first think.

A lot of the time when an individual tries to lessen the amount they owe for homeowners insurance, the first action taken is to alter their plan, lowering coverage and upping deductibles.

Don’t do this!!!

Really, changing your coverage can cause a whole lot of pain should an actual disaster strike. It’s actually much more important to spend a good deal of care and consideration in picking a quality insurance plan and finding an insurance broker and agency that you feel like you can trust. Then, take time to peruse and compare. Frontloading the effort with regards to homeowners insurance can save you money in the long run without putting you at unnecessary risk.

Good communication with an insurance agent you can trust is key!
Good communication with an insurance agent you can trust is key!

Below we discuss some more tips that can help you keep homeowners insurance costs down, without dropping important bits of coverage.

• Make sure that your plan does not cover your land. Sometimes land may be covered by your policy inherently, but when you think about it, the disasters you want covered just have to do with the physical house itself. If you take the land part out of your policy, you can save. Make sure you double-check the finer points of your policy with your insurance agent.

• Be proactive when it comes to seeking out discounts. They certainly aren’t going to come to you unsought! The first step here is just to ask. The second is to do your research and then ask again. Many people are actually unaware that their insurance provider will provide discounts should certain steps be taken to protect the home, like the installation of an alarm system.

• Combine your homeowners and car insurance policies—there may be some discounts to be found here too! It’s in this case that it’s more important to make sure you select an insurance provider that you both like and trust.

• Know your policy through and through. Your insurance agent should be more than happy to sit down with you to discuss all finer points and specifics of your policy (if they don’t, maybe it’s time to look for someone new…). Make sure to ask about loopholes, particularly one regarding “natural acts of God.”

Make sure you consider all possibilities.
Make sure you consider all possibilities.

Homeowners insurance, while it may seem a bit banal, can also take up a good part of your monthly budget. But it certainly is nice to know that there are some steps you can take to lessen the burden! Going about the policy issuance and choice-making meticulously, or at least with a lot of clear communication with your insurance broker, can make all the difference.

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