How To Reduce Homeowners Insurance?
0 POINTSview profileHarbor Insurance - HeatherPersonal Lines Producer, Harbor Insurance, West Palm Beach, FloridaThe cost of Homeowners Insurance can be controlled and/or reduced in several ways. You can generally obtain a cost reduction by having update inspections such as a 4 point, wind mitigation inspections, protective devices added such as a monitored alarm, storm shutters and in some cases increase your deductibles to offset the overal policy cost. If you live in a home that is over 20 years old, it is beneficial to have any updates documented by means of an inspection and share that with your insurance carrier. If your home is newer most of your policy credits may already be built into the policy but you may not need to carry the increased law & ordinance coverage and you may want to consider a higher dedcutible.Answered on November 12, 2013flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaThe most effective way to reduce the cost of a homeowner’s policy is to increase the deductible. Shifting that risk from the company always results in a reduction. Much is made of deductions for central station alarms, and other home modifications. These adjustments are often disappointingly small. The one thing that you should never do is reduce the amount of liability coverage.Answered on July 31, 2014flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
.JPG){kind=avatar}
