But that doesn't mean you can't save a a lot of money on it.
For example, how high is your deductable?
The more loss you're willing to pay, the less your home insurance is going to cost.
Raising your deductable from 250 to a thousand dollars could slash your premium by 10 to 30 percent. That's a lot of saving for not a lot of extra risk.
Let's look at other ways to save:
- Check for multi-line discounts, that's insuring your house and car with the same insurance company.
- If you paid $200K for your house you don't insure it for $200K because the lot your house sits on is not likely to burn down. Insure the house, not the land.
- 23,000 fires are caused every year by smoking. Some companies offer non smoking discounts.
And there are a lot of other discounts out there.
- senior discounts
- discounts for adding a burglar alarm
The thruth is that most of us will shop for a gallon of milk harder than we shop our insurance
because we don't understand it, it's out of sight and therefore out of mind.
But just because you need home insurance doens't mean you need to pay too much.
