Saving On Insurance Costs

The best time to read your Homeowner’s Insurance Policy is not during a crisis.  Take some time today to review your policy and make any needed revisions.  Call your agent with your questions and build a relationship of trust.  If you don’t feel comfortable with your agent, ask me for a referral.  Here are some items to consider that may save you money in the short-term and long-term.

Find Out – Can you lower your premium with the use of smoke detectors, alarms, dead-bolt locks, or new roofing material?  Do they offer long-term customer or senior citizen discounts?  What exactly is covered by your insurance?  Ask about the term “acts of God.”

Determine – What’s insured, your house or the land under it?  Make sure the land value is not included in your policy amount or ask questions if it is.  Do you have replacement coverage or an actual cash value policy?  Which would you rather have?

Consider – Do you have/need special coverage for valuable and unique items?  Can you raise your deductible a little to see a big reduction in your premium?  Do you need insurance for flood damage?