Is Your Home Underinsured?

Jul 11, 2013 No Comments by

Homeowners insurance is a necessary but costly expense to protect your property. Still, many homeowners try to cut corners with their insurance policy. While eliminating some parts of your homeowners insurance could save your money, it could also leave you vulnerable in the event of a natural or manmade disaster. Instead of leaving yourself underinsured, there are ways to lower your monthly insurance bill without raising risk.


Raising your homeowners insurance deductible is a great way to lower your premiums. Though this will make your monthly bill more manageable, raising your deductible will result in higher upfront costs should you need to file a claim. Homeowners considering the higher deductible strategy should make sure they can afford it.


Another way to lower your homeowners insurance costs without leaving yourself underinsured is by maximizing insurance credits. Many insurers offer credits for home improvements like security systems, smoke detectors, alternative heating, and energy efficiency. Though these upgrades may have an initial cost, they will also end up lowering your insurance premiums while leaving you fully covered.


In addition to higher deductibles and home upgrades, homeowners should consider bundling their insurance policies under one provider. An insurance bundle can lower your monthly premiums. Homeowners should consult with their individual insurance company for savings information.


Homeowners insurance can be expensive, but being underinsured can leave you and your property unnecessarily at risk. Higher deductibles, home improvements and insurance bundles can save you money and leave you properly insured.

Home Insurance, Natural Disaster

About the author

The author didnt add any Information to his profile yet
No Responses to “Is Your Home Underinsured?”

Leave a Reply