Thursday, October 28, 2010

Another way to save a few hundred dollars :)

I just got my Home Owner's Insurance yearly policy renewal in the mail yesterday.  And of course, our policy went up a few hundred dollars.  Did you know they do that?  Every year insurance companies jack up the prices just a little hoping you won't notice or are too lazy to change policies.  Unfortunately for them, I am not to lazy and I am way to frugal not to notice.
So....if your new to all this.  Here is what you want to do.  Get out your current policy, hopefully you can find it.  Go to a website like NetQuote and fill out the form.  You will need information like, when was your house built, how old is your roof, do you have hurricane shutters, have you had a mitigation inspection and what is your deductible(usually it's about 2% of your home's value).

After researching for this year it turns out that my current policy even though it went up is still one of the lowest policies around.  If you live in South Florida I recommend checking out People's Trust out of Boca Raton. This doesn't have to be a tedious process the key is to have all of your information ready!

1 comment:

  1. We did it ! Got 3% !
    We pay same but reduced 24 yrs. to 15 yrs.
    Make retirement doable.
    Anyhow thanks for putting a bee in my bonnet.