1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    By “cheap” I assume that you are referring to the premium.  The “cheap” I like to think of is the cost when you have the claim and your company stands behind you and pays everything that you expected.  Regardless of the premium, you will then know what “cheap” really means.  A major property loss could take 100 years of premiums to pay for.  Having correct coverage is the way to have the truly “cheap” homeowner’s policy, find an agent, one you can trust.
    Answered on August 6, 2014
  2. 1866 POINTS
    Paul Roth
    Senior Commercial and Annuity Specialist, Freedom Brokers, Marion, Carbondale, Harrisburg IL
    Let's help you get cheap insurance. First have a near perfect credit rating. The better you take care of your credit, the better you likely take care of your house, and maintenance on that house. Second, live in an area that has few floods, hurricanes, tornadoes, and wildfires. Third, live in a neighborhood with low crime, theft and vandalism. Fourth live in a neighborhood near a fire station. Fifth, maintain your house. Insurance companies will inspect your roof, exterior pictures, steps, and porches. Think Google Earth. Sixth, forget the heavily advertised company stores. The policy holders have to pay for that advertising. Go to an independent insurance agent in your area. They are all around you. They can shop on your behalf, and can check the pricing of tens, if not hundreds of companies right from their desk that may be the best for you. That's how to get the best price on homeowners insurance.
    Next check coverage. Do NOT try this alone. Go to an independent agent to make sure you get the coverage you need. He or she can make sure that the policy limits are enough to tear down your ruined home, and rebuild a home in your area with new materials. No one cares what the premium is when there is a loss.
    Answered on June 10, 2017
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