Tips for paying less - Cost of insurance - Insuring - Tenant - Home insurance |


Cost of insurance

Shop around for insurance

The home insurance industry is highly competitive.

A number of insurers cover the same market and rates can vary from insurer to insurer. So it’s to your advantage to contact a few when you’re looking to purchase insurance. You can also get quotes by phone or on line.

However, the lowest premium suggested may also mean less coverage. Make sure you compare the coverage offered by each insurer so that you’re not going without the coverage you want.

Do you find the premium quoted by your insurer high? There are some things you can do to reduce your insurance premium.

Shop around and get quotes from three or more agents or brokers.

Premiums can vary a great deal from insurer to insurer.

Buy your auto insurance and your home insurance from the same insurer.

Most insurers offer a discount if you group all your insurance with them.

Ask for a higher deductible.

Raising your deductible from $300 to $500 will reduce your premium.

Install an alarm system that is linked to a central monitoring system.

If you install such a protection system, your insurer may offer you a lower premium.

Let your insurer know if major renovations have been made.

Especially electrical, plumbing and heating.

Does your
policy cover an
Act of God?

Does your policy cover an Act of God?

All are sometimes referred to as Acts of God. Some are automatically included in home insurance policies. Others can be insured by adding a coverage known as an endorsement. Learn More

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