Lowering The Cost of Home Insurance

Do you own a house or rental property? If you do, here are some ideas that can save you a big number of money, starting today.  Perhaps your insurance payment is included in your mortgage payment and as the years went by you commenced to ignore how much you were paying. You may not even know what is covered or how much you can have to pay out of pocket for your deductible if you have damage. Maybe when you bought your house your real estate person or builder referred you to an coverage provider that shoehorned your policy onto your mortgage payment without going over the policy.

 Do you remember? If you do not, it is time to pick up the phone to make sure you have exactly what you want in coverage, not what your insurance provider wants to sell you. You could save hundreds of dollars a year just by getting different information.  Here are some points to consider in fine tuning your policy: Raising your deductible by a few thousand dollars will lower your coverage payment considerably. Dropping flood insurance if you are not in a flood prone area also reduces your payment. Are your furnishings and belongings really worth what you are paying to have them covered?

  Call your policy company or visit them so you would go over your policy line by line. Get answers and decide for yourself where you will trim the insurance bill. Once modified, call your mortgage carrier and have them adjust your mortgage payment accordingly and immediately.   Always be open to shopping around for home coverage for the best price.