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Look for Multi-Policy
Insurance
Most insurance companies that sell insurance products other than homeowners insurance will offer consumers discounts for buying more than one product from them. For example, if your auto insurance company also sells homeowners insurance, you might get a discount of up to 15 percent by buying both.
Only Buy Coverage You Need
Homeowners insurance policy limits should be revisited every year to reevaluate any major purchases and additions. On the other hand, many of the possessions that homeowners insure depreciate significantly over a year. Update your home inventory and reevaluate policy limits for possible savings.
Raise Your Deductible
Increasing your deductible by just a few hundred dollars can make a significant difference to your premium. Most deductibles start at $250; therefore, if you raise yours to $1,000, you may save nearly 25 percent on your premium.
Look for Discounts That Apply to You
There are a myriad of homeowners discounts that go unrecognized by many consumers. For example, you may be able to get a lower premium if your home has safety features such as dead-bolt locks, smoke detectors, an alarm system, storm shutters or fire-retardant roofing material.
Visit www.InsWebHome.com to compare homeowners insurance quotes for your
home. A few adjustments in your homeowners insurance may help you save the money
you need to meet your mortgage.
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