Buying a new home? Taking some time to meet with your insurance provider before closing can help make sure you and your family have the right coverage for one of the most important purchases you'll ever make! Here are two important ways to save money on this important coverage:
Raise your deductible. The higher your deductible, the less you'll pay in premiums. This applies to most types of insurance! You may be surprised to learn just how much you could save on your homeowner's insurance premiums by raising your deductible from $250 to $500 or from $500 to $1,000. The key, of course, is to have enough money set aside so you can pay your deductible in the event you have to make a claim.
Ask about discounts. Does your home have a security system? Do you have auto insurance with the same insurance company? Insurance companies offer a variety of discounts, so it always pays to ask.
For more tips to keeping homeowner's insurance costs under control, go here.
About the Author:
Utah Dave - Daybreak Neighboorhood Expert and Local Resident
My friends nicknamed me Utah Dave in high school because they said it didn't matter where we went in Utah, I would know how to get there and who we needed to talk to. The name sticks today as UtahDave has formed into a professional real estate network of Neighborhood Experts all across the state. I live in Daybreak with my wife and 4 amazing children. I enjoy dancing (which is how I met my wife Dawn) as well as traveling, coaching, and learning.
