How Can I Lower My Home Insurance?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    There are ways to reduce your homeowner’s premium.  Especially if the policy has been in force for a few years, ask your agent to get a newer estimate on the cost of reconstructing your residence.  The policy often has an automatic annual increase provision to cover the increased cost of construction.  This occasionally increases coverage faster than necessary.  The one step that I want to discourage you from taking is to reduce the amount of liability coverage.  A lawsuit could ruin you financially.
    Answered on July 9, 2014
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  2. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    Talk to your Insurance Professional about any and all discounts that may be available to you.  One of the best ways is to take advantage of bundling opportunities by insuring your cars, an Umbrella Liability policy, any watercraft or motorcycle as well as life Insurance with the same company.  Keeping ahead of maintenance will also help.  Companies sometimes offer discounts for putting on a new roof or upgrading electrical, plumbing or HVAC systems.  Having a monitored alarm system installed and increasing your deductible will also result in saving.
    Answered on July 9, 2014
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