For many home-owners reducing the cost of their Home-owner’s Insurance may seem impossible. Unfortunately, over the course of owning a home, many residents have watched as their house increase to rates that aren’t affordable. Many home-owners feel this spike is due to the increasing cost of building materials. Some also feel the increase is because more and more people are filing insurance claims. If you’ve found that your house insurance rates have increased, luckily there are several things you can do to reduce your rates.
One thing home-owners can do to lower their insurance rates is to increase their house insurance deductible. Normally house insurance policies have a deductible of around five hundred dollars. However, if you raise your deductible to one thousand dollars or more, your rates may decrease by about twenty five percent. If you feel you can afford a larger deductible in the event your home is damaged, you should consider increasing your deductible even more. Some people are also able to reduce their rates by increasing the amount of security they have by doing things like installing a security system and adding dead-bolt locks.
Another thing some home-owners have been able to do to reduce their insurance rates is to get rid of any insurance they don’t need. For example, if you have fifty thousand dollars worth of insurance on the inside contents of your home, but you only feel like the contents are worth twenty thousand, reducing that coverage will lower your rates, as well. There are also times when home-owners greatly benefit from switching to another insurance provider. Sometimes making the switch to another provider can reduce your rates by up to thirty percent.
Lowering Home-owner’s Insurance can take a little time to do, but most home-owners feel it’s worth it. If you would like to see how you could lower your house insurance, you should contact St rock Insurance today. The office has been helping customers find the right insurance products for more than thirty years. Plus, they would be happy to give you a free quote so you can see if you can save money by switching insurance providers. Keep in mind, if you get a quote and determine you aren’t able to save money, you won’t be required to accept their services.