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Bundling Insurance: Working with an Agent

Keeping up with several monthly insurance payments can be a pain. A couple of years back, I found a way to simplify the process. By purchasing my home, life, and auto insurance with one provider, I went from three to one monthly obligation to track. It did take a little while to find the right provider. Even then, I had to compare different plans, and work with an agent to create the bundle. Now that it is in place, there is no doubt that managing the household budget is easier. If you are wondering about insurance bundling, let me share how I did it. Before long, you will also enjoy the peace of mind that comes with knowing you are covered and what it feels like to deal with only one monthly insurance payment.

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Bundling Insurance: Working with an Agent

4 Tips For Saving Money On Your Homeowners Insurance

by Dwayne Terry

Getting good homeowners insurance is essential. You should never be without insurance on your home, but that doesn't mean that you have to overpay for it. In fact, there are a couple things that you can do to ensure that you are getting the best rate for your homeowners insurance. Here are some suggestions.

1. Improve Your Home Security

Did you know that many insurance companies give discounts on your insurance if you install a good home security system? This is because they understand that you will encounter less problems and be safer if you have a home security system.

In addition, the better the system, the more money you will save. This means that if you choose a system that not only regulates intruders but also helps to monitor temperatures in the house, turning the lights on and off, etc., you could save a lot more money.

2. Realistically Calculate Rebuilding Costs

When you buy homeowners insurance your policy will include rebuilding cost. This means if the house burns down, they will help you to rebuild the house you once had. However, many people mistakenly estimate how much they will need to rebuild. For example, when you paid for the house the first time you also paid for the lot. When you rebuild, you already have the lot underneath you, so you shouldn't include that amount in your rebuilding costs. You will end up paying more in your premium because you are insuring more than you need to.

3.  Raise Your Deductible

If you are worried about your monthly premium you can always raise your deductible. Remember this is just insurance, meaning you hopefully won't have to use it often. You can save money each month by raising the amount you pay if something does happen with your deductible. This is an easy and sure way to save money.

4. Bundle Your Insurance

Many insurance companies give discounts if you bundle services with them. For instance, you could buy your homeowners, auto, life, health, etc., all with one provider. When you do this they will take a percentage off each policy premium. Insurance companies want your business, so they will give you incentives to choose their company over others. If you are not getting a discount with your current company, ask how much you would save if you did all of your insurance with them.

These are just 4 ways that you can save money on your insurance. 

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