When it comes to homeowners insurance, very few truly understand what’s covered, and even less compare their policy with others on a yearly basis in hopes of getting a better deal. In fact, when it comes to insurance, homeowners typically know that they have it and that it was most likely purchased when they originally bought the home.
 
In a day and age when saving money is in vogue, homeowners shouldn’t be afraid to check with their insurance carrier every year to see what can be done to lower their costs without affecting their policy. 
 
While homeowners insurance typically differs from state to state, avoid making costly assumptions by understanding exactly what’s included in your policy.
 
Typically, a homeowners insurance policy will cover the actual dwelling and some of the other structures on the property, like a fence, garage and driveway. Personal property is usually covered, regularly covering the contents inside the home, although there will be a higher cost for high-value items like jewelry or antique paintings.
 
When looking to lower your premiums, one of the best things to do is bundle your insurance commitments so that one company handles any type of insurance you may have.
 
Also, in much the same way that better drivers get better rates, people who are better at protecting their home will get lower homeowners insurance rates. Adding smoke detectors, carbon monoxide detectors and alarm systems can do wonders when it comes to making your bill decrease.
 
Agreeing to take on more of the financial burden with a larger deductible is another way to save money each month.
 
Finally, understanding a home’s true worth can save you money on insurance. Most people take out insurance for the price they paid for the home, but even if your home was to burn down to nothing, you would still have the land, and that’s part of the value. A good insurance agent can help you decide exactly how much you would need in the most extreme circumstances.
 
For more tips and tricks to help lower your homeowners insurance, contact our office today.

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