Save Big with Insider Real Estate Insurance Secrets
Key Strategies for Saving on Real Estate Insurance
One of the most effective ways to cut costs on real estate insurance is by bundling your policies. Many insurers offer discounts when you purchase multiple types of insurance, such as combining home and auto insurance1. Additionally, increasing your deductible can lower your premium; however, it's essential to ensure that the deductible is still within your financial comfort zone.
Another insider tip is to regularly review and update your insurance coverage. As property values and personal assets change, so should your insurance policy. Regular reviews can prevent over-insurance or under-insurance, both of which can be costly. Moreover, installing security systems, smoke detectors, and other safety features can qualify you for additional discounts2.