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Cut The Cost Of Homeowner's Insurance

Jan 30, 2015

3 Money Saving Tips If you own a home, chances are you are forking out large sums of cash for homeowner’s insurance every year. Homeowner’s insurance is well worth the money it costs, but that does not mean that you have to break the bank in order to protect your home. Here are some tips to help save you some money on your homeowner’s coverage.
  • Increase your deductible: By increasing your deductible, you are assuming more liability if something happens. This means that you will pay a lower rate. The more liability you assume, the lower amount you will end up paying. If you are worried about not being able to pay this higher amount in the event of an emergency, make it a point to work on increasing your emergency fund so you have the money when and if you need it later.
  • Check for discounts: Many insurance providers offer a discount if you bundle multiple insurance policies with them. By simply having two policies with the same insurance provider, you can lower the price of your policy between 5% and 15%. Your provider may also have other discounts that you may be eligible for, such as if you have a home security system or other extra safety precautions, so make sure to ask about what discounts are available.
  • Shop around: It may take more time to browse policies instead of just choosing the first policy that you find, but shopping around can be well worth the time and effort. Taking the time to find the right policy for you can help make sure that you do not underinsure or over insure, which can save you money in the long run.
Keep these tips in mind to save you money on your homeowner’s insurance so that protecting your home does not have to hurt your wallet. Contact Gateway Professional Insurance Services in Vacaville for all of your homeowner’s insurance needs in California.
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