2020 Update: How to Cut the Cost of Your Home Insurance
It’s 2020 and not many of us have had a great start to the year. While the coronavirus forced many of us out of work and closed businesses, it made us realize how and where we can cut back on expenses. If you’re looking to reduce the cost of your homeowners insurance in Banning, CA without sacrificing valuable coverage, take a look at these improved tips.
Reducing the Cost of Home Insurance
Review your policy
Since you last looked at your home insurance policy, things may have changed. You may have sold items that will need to be removed from your home inventory. You may have installed new and improved home security devices. Whatever the case, look over your policy and see if the coverage aligns with your current needs. You may find you’re able to cut back on coverage that you don’t need and save a few dollars every month.
Increase your deductible
The deductible is the money you pay upfront in a claim before and insurance policy kicks in. If you’ve learned from the pandemic and have started to save up money in an emergency fund, you may be able to increase your deductible to lower your monthly premiums. Just make sure this is an affordable out-of-pocket cost for you.
In the insurance world, loyalty rarely counts. If you are unhappy with your insurance premium, let your agent know. Shop around for a better policy and compare coverage so that you know you’re signing up for a better deal.
Affordable home insurance doesn’t have to be hard to find. These tips can help you cut the cost of your home policy. Talk to your home insurance agent today to learn more about saving on premiums. For all of your homeowners insurance needs, talk to the professionals at Little & Sons Insurance Services, serving Banning and neighboring cities in California.