Homeowners insurance claims have been on the rise and so are the rates. Here are three suggestions to save $$$.
Raise your policy deductible especially if you are a customer who never makes a claim. If you have a $500 or $1,000 deductible consider going to a $2,000 or higher deductible.
Consider lowering your personal property coverage if your insurance company will allow you to. Most property insurance policies automatically provide personal property coverage (furniture, clothing, appliances, etc..) equal to 70% to 75% of the dwelling coverage. For example, if your home has dwelling coverage of $500,000, your home insurance carrier could have personal property coverage as high as $350,000 ($500,000 X 75%). If the replacement cost of everything you own is $250,000, see how much you can save by lowering it to a level that will cover the replacement cost of everything you own.
Always shop your insurance. Don't be fooled by the "bundle" sales pitch. There's nothing wrong with having your auto insurance with one company and a home with another. That's where an Independent Insurance Agent can help. We are one call or email away. We search for your best coverage and lowest rates year after year.