Avoid The Burden of a High Homeowners Insurance Price

The price of homeowners insurance can vary greatly from policy to policy, company to company. Homeowners insurance is designed to protect you from anything that might happen to the house, including natural disasters, fires, and break-ins. It is highly recommended for all homeowners to purchase insurance, but that does not mean it has to cost you an arm and a leg to protect yourself, your home, and your family.

Step 1 - Compare Prices

You should plan to shop around a bit before choosing a policy.

  • Compare no less than five policies from different insurance companies - while it might be slightly time consuming to fill out five questionnaires, it will save you hundreds or even thousands of dollars in the long run.

Step 2 - Reduce Premiums

It is often possible to reduce premiums on a policy by talking to your homeowners insurance agent.
  • Remember: the higher the deductible, the lower the premiums. Select the highest deductibles that you can without compromising your financial capabilities.
  • Ask if you can do something in your yard such as maintaining fire-friendlier landscaping or fixing potholes in order to reduce your premiums.

Step 3 - Policy Discounts

You may be eligible for policy discounts on your homeowners insurance price by following any of these criteria:
  • Purchase burglar alarms, deadbolts for doors and window locks, or sprinkler systems.
  • Being a senior citizen homeowner.
  • Purchase multiple policies from the same company; this means purchasing homeowners insurance from the same company that provides your car, health or life insurance.

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