Many people agree that a way to save money on homeowners is to raise the homeowner’s insurance deductible or lower the premium. Although this is a great idea that can save money, it is important to carefully think through the idea before actually doing so.<\/p>\n
When it comes to saving money, many people are fond of any money saving tips that are available. But before increasing the deductible of a homeowner’s insurance policy, it is important to carefully consider the pros and cons of doing so. While it is true that increasing the homeowner’s insurance deductible may seem like a smart strategy, it is necessary to recognize that a policyholder is now further responsible for a deductible before the insurance policy begins to pay for any damage to the property. For example, if a hurricane coverage policy covers $500,000 and the homeowner’s policy has a two percent deductible prior to issuing any (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Many people agree that a way to save money on homeowners is to raise the homeowner’s insurance deductible or lower the premium. Although this is a great idea that can save money, it is important to carefully think through the…<\/span><\/p>\n