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Saving money on home insurance
I think about insurance all the time; you probably don’t (unless you too work in the biz). Truth be told, there are probably 10,0000 other things you’d rather think about. But another truth is that thinking about insurance at least a few times a year is really worthwhile. And, there’s an easy, free way to keep coverage top of mind.
Let’s say you bought something that cost an average $1,900 each year and never took the time to figure out how it works. If you knew that in just 20 minutes you’d have it figured out, would you invest the time?
Investing time – and gaining confidence – in your insurance protection is exactly the point of the Insurance Information Institute’s new consumer email program. CHECK20 is an important new step in our mission to explain what insurance is and how it works. It’s easy, it’s free and its intent is to empower policyholders to be fully engaged in the insurance decisions affecting their family and finances.
Have you had a wind mitigation inspection? This is when a credentialed inspector comes to your home and looks at how it is constructed to assess its ability to stand up to hurricane-force winds. I had my home inspected just a few weeks ago. I was actually looking forward to the inspection, since my insurer paid for it and knowing if the roof over my head would actually stay there is the sort of information I’d like to have.
Your kitchen is the most dangerous room in the house. And, it’s about to be the center of activity with the holidays ahead. Cooking fires are the leading cause of home fires, so you need to watch what you heat.
Most house fires are avoidable. A big problem is something I’ll call “distracted cooking,” which is really unattended cooking. I’ve been guilty of this. Once, I was baking Christmas cookies and suddenly remembered I needed something at Walmart. So, I dashed out the door.
People want to know how they can save money on home insurance. We at the Insurance Information Institute often provide tips, and just as often we take our own advice – which is what I did this week. My homeowners insurance policy is coming up for renewal. And, like most Floridians, the insured value for my home makes me long for the “good old days.” You know, like way back in 2006 when home prices peaked.