Comments on: 11 Ways to Save on Cost of Homeowner’s Insurance

By: Belmont Thornton

Belmont Thornton — Mon, 12 Apr 2010 09:30:02 +0000

Nice informative stuff.The amount save din home insurance can be channelized in some other investment avenues.Also it is recommended to take some professional consultations.

By: Neal@Wealth Pilgrim

Neal@Wealth Pilgrim — Wed, 07 Apr 2010 05:41:48 +0000

ONce again….an excellent addition.

By: Neal@Wealth Pilgrim

Neal@Wealth Pilgrim — Wed, 07 Apr 2010 05:38:30 +0000

Hey..I’d love to know what you find as you go thru this yourself. Good luck Jeff

By: Spokane Al

Spokane Al — Wed, 07 Apr 2010 02:33:52 +0000

In addition, one does not need to wait to just before the renewal date to switch policies. A company I recently contacted would handle the application and acceptance of the new policy and would ramrod the cancellation of the old policy.

By: Jeff @DeliverAwayDebt

Jeff @DeliverAwayDebt — Tue, 06 Apr 2010 21:52:26 +0000

Great ideas Neal, I’m actually just starting to look for way to reduce my home insurance. I’ve got a month to do the work until it’s time to renew.
Thanks

By: Jason @ One Money Design

Jason @ One Money Design — Tue, 06 Apr 2010 17:37:28 +0000

Related to shopping around, I would suggest getting no less than three quotes to compare. Also make sure that you’ve provided the same information so quotes can be compared evenly with one another. Nice thorough post with great tips!

By: Mrs. Not Made of Money

Mrs. Not Made of Money — Tue, 06 Apr 2010 14:31:21 +0000

I would say that your tips are right on the money. We live in Florida, the state with the huge homeowner insurance debacle due to the hurricanes. Our insurance company dropped us last year because they were pulling out of the state of Florida. We shopped around quite a bit to compare rates. We found that by actually telling the agents that we were shopping around and comparing rates helped us because they competed for our business. We did have a wind mitigation study done and our house passed with flying colors so we were able to get a better rate. Our car insurance and homeowner’s insurance were both with the same company before and we were able to secure a much better deal with the new company. Funny thing is, we were with that old company for many many years (both car and home). Apparently we were not getting that good of a deal afterall. We’ve learned our lesson and will be comparison shopping each year from now on. One more thing, be sure to check the insurance company’s rating – not a good thing to pay for insurance and not have them be around if you need to file a claim.

By: Neal@WealthPilgrim

Neal@WealthPilgrim — Tue, 06 Apr 2010 14:17:24 +0000

Nice one Evan……good point.

By: Evan

Evan — Tue, 06 Apr 2010 13:57:47 +0000

The only tip I would add – If you have a townhouse (like I do) figure out what you REALLY need to insure. Most Condos/Co-ops/Townhouses have a master insurance policy for common areas. For instance, I know I didn’t have to cover my roof.