1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    The cheapest homeowner’s policy is one with appropriate limits that pays the maximum amount possible when you have a claim.  At that point, premium means nothing!  The cheapest homeowner’s policy is sold by an insurance agent.  That agent will listen to you, provide sound financial advice and communicate clearly with you and the insurance company.
    Answered on May 27, 2014
  2. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! Unfortunately though, one that is difficult to answer, as "cheapest" is a relative term when talking about insurance. What you need to think about when purchasing insurance is the balance of what you will pay, vs. what they will pay to replace. So you can buy a very cheaply priced policy, and save money that way, but if your home is destroyed, and the policy only pays for a small part of what you will need to pay for to replace, was it worth it? please consider finding a local agent that can help you find an affordable policy that will provide you with adequate protection. Thank you for asking!
    Answered on May 28, 2014
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