Step 1 - Compare policies
You should plan to shop around a bit before choosing a policy.
- Compare no less than five policies from different insurance companies - while it might be slightly time consuming, it will save you hundreds or even thousands of dollars in the long run.
- Decide what percentage of your home you want to insure; keep in mind that if you insure less than 80% of your home you will end up paying much more replacing lost goods if something happens to your home.
It is important to really know what is written in your policy.
- Some policies do not cover things that may seem basic and essential in homeowners insurance.
- Read the policy carefully and do not hesitate to ask your agent any questions you have.
There are often simple things you can do to lower premiums on your homeowners insurance policy.
- Ask your agent how you can lower your premiums.
- You may be asked to maintain proper landscaping or fix potholes on your property; even if you cannot do these things before purchasing the policy, you can do them later and have your policy premiums adjusted accordingly.