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Home & Garden Articles
6 Tips For Cheap Homeowners Insurance
Thu 09 Apr 2009 - 14:33
6 Tips For Cheap Homeowners Insurance
By [http://ezinearticles.com/?expert=John_Mcan]John Mcan
Given the current state of the economy, most people are looking for new ways to save money. Some of the best ways to cut down your monthly outflow are the simple adjustment in spending behavior, and some are in seeking out bargains. Homeowners insurance is not something that comes to mind when thinking about bargain hunting, but finding cheap homeowners insurance can save you a significant amount of money. Here are 10 tips to get cheap homeowners insurance.
1. Consider raising your deductible. This is a quick and easy way to reduce the cost of your insurance. If you have a $500 deductible, consider raising it to $1000, if it saves you enough money.
2. Consider reducing your dwelling coverage. If you owe less than the house is insured for, you have the option to reduce the amount of coverage you carry. As long as your house is insured for at least what you owe on it, your lender will not care. Reducing the dwelling coverage will reduce the premium.
3. Eliminate non-essential coverage. Review your policy and consider getting rid of non-essential coverage such as extra jewelry floaters or other costly extra optional endorsements.
4. Go to ACV. Actual cash value (ACV) means that depreciation is deducted from claims. ACV coverage on a roof is much cheaper than covering the roof at full replacement cost. This will save money.
5. Shop around: In many cases, an insurance company will attempt to gain market share in a state by offering rates that are much lower than competing insurance companies. Take advantage of this and switch to the company offering the cheap homeowners insurance.
6. Take advantage of package discounts: Most insurance companies will offer significant discounts if you will write your home and autos together as a package. Getting a package deal can give you some cheap homeowners insurance. [http://rfgreen.com/]Cheap Homeowners Insurance
Article Source: http://EzineArticles.com/?expert=John_Mcan http://EzineArticles.com/?6-Tips-For-Cheap-Homeowners-Insurance&id=2185281
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