25 Ways To Save On Home Insurance

mind that many insurance companies may refuse to insure your property or will charge higher rates, due to the increased liability.

6)      Raise your deductible.  By raising the deductible from say 0 to ,000 you can save a respectable amount on your insurance.  Remember, you are insuring against catastrophic loss, not to cover any foreseeable loss.

7)      Verify if your employer offers a group discount arrangement (also called affinity group discounts) with a particular insurance company.

8)      If searching for a home, try to avoid homes in a designated flood area as this will require you to also purchase flood insurance in addition to homeowners insurance.

9)      If you do not desire to be a landlord, buy a one family home as these are less expensive to insure than a 2 or 3 family home.

10)   Maintain a good credit rating as many insurers now rate based on your credit history.

11)   Always insure on replacement cost (RC) instead of actual cash value (ACV), as the former provides more coverage in the event of a loss.

12)    Don’t switch around.  Some folks shop around regularly for lower insurance rates and this will only hurt them in the long run because many insurance companies reward those who stay with them over the long run, with possible discounts or loyalty credits down the road.  Some insurers offer discounts once you have been with them for 5 or 6 years.

13)   Make