When I got my kids a dog, I had no idea that it could affect my homeowners insurance. I happened to run into my insurance agent in the store when I was buying dog food and he asked me what kind of dog we had. When I told him, he said I should stop in the office the next day. I had no idea that things like this could affect premiums, so I started asking what else could do it as well. I created this site to help others understand some of the finer points of homeowners insurance and what they should think about to manage their rates.
Unfortunately, many people think that the only way to really save money on their homeowners' insurance policies is to slash the coverage their policies provide. While choosing a policy that offers lower coverage limits is sure to result in lower monthly premiums, taking this drastic step to save a few dollars in the short term can ultimately end up costing you a ton of cash in the future if you find yourself needing to file a claim against your policy. Thankfully, you really don't need to sacrifice quality coverage in order to enjoy lower premiums each month. Read on to learn more about some of the ways you can start saving money on your homeowner's insurance policy without sacrificing the quality of your coverage.
Employ The Services Of An Insurance Broker
Working with an insurance broker when purchasing your homeowner's insurance policy is a great way to save both time and money. These brokers do not work for a specific insurance company, so they are able to help you secure quotes from a variety of different companies. They can also offer you the benefit of their expertise regarding what level of coverage is best suited to your particular needs. This will ensure that you are getting quality coverage without paying for any coverage that you don't actually need. Best of all, since insurance brokers are paid via commission when you purchase your policy, choosing to utilize these services won't actually cost you anything.
Bundle With Auto And Other Policies
Insurance companies typically offer discounts to individuals who choose to purchase multiple insurance products. These discounts are often referred to as multiple policies, bundles, or loyalty discounts depending upon what company you choose to purchase your policies through. The basic idea behind these discounts is really quite simple. All you need to do to qualify for these discounts is to purchase both your homeowner's insurance policy and at least one other policy through the same company. Since chances are you will need to purchase an auto or life insurance policy anyway, these discounts really offer you the ability to save money for doing something you needed to do. The best part is, these discounts will typically apply to all of the policies you carry with that insurance company. So not only will you be saving on your homeowner's insurance, but you will be saving on other insurance products as well.
Share9 August 2021
