Reducing Homeowner's Insurance Premiums

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 29, 2008 -- Keeping the lid on expenses in your life is becoming a major necessity these days. Health care costs are rising, gas is getting almost more expensive than mortgage payments, and homeowner's insurance is poised on the brink of increases.


It's not a mystery why the rates are going to shoot up all over the state and in Wesley's Chapel. Thank Mother Nature and her hurricane contributions for that. It's time to check out the homeowner's policy to see what is covered and what to do to lower the impact of the rate hikes in Lutz.

One of the best ways to lower insurance premiums is to increase deductibles. This can be done with any insurance policy, however there are bigger benefits by doing it with homeowner's insurance. Increase it to around $2,500 and the savings will be substantial on your home in Tampa.


Do NOT shop online for homeowner's insurance if the home needing to be insured is in a hurricane prone area. Shop local and work with an agent that has a lot of carriers. For instance if you live in Wesley's Chapel, Lutz or Tampa, ask a local agent for help.

They'll do the insurance "shop and compare gig," leaving the customer to choose the best deal the agent finds without trying to compare coverage themselves. The bottom line is that many people don't understand the intricacies of insurance to begin with, never mind homeowner's insurance.


Select a carrier who has an A rating, state-approved rates and is covered by the Florida Guarantee Fund. The A rating means they're financially stable and likely to be around in the event that their customers need to invoke their insurance policies.


Here's another idea. Every year when it comes time to renew the policy, find out if the agent re-quotes. This is a good thing for customers, as it ensures they have the best rates for the best coverage.

Hint: any homes built before 2002 should be surveyed for wind mitigation factors. This one survey alone could save hundreds of dollars. In fact, maybe even enough to pay for the survey.


Reducing the costs of homeowner's insurance premiums isn't hard to do with a few hints. Talk to a local agent in Tampa, Wesley's Chapel or Lutz and find out what other tips would reduce insurance expenses.

t hard to do with a few hints.