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How to Save Money on Your California Home Insurance

Home insurance is something that anybody who owns a home should carry.  Even if there isn’t a lienholder making you carry coverage, it is always a good idea to have a California home insurance policy from to make sure you are covered in the unfortunate event of a disaster.  Although you may always want to have home insurance, there is no reason for you to overpay.  Here are some tips that should help you save on your California home insurance premiums.


Do some shopping


Ask around among people that you know, check consumer reviews, or have a nice google session.  See what else is out there, and see what other companies will offer you for a premium compared to what you are paying now.  Comparison shopping can be time-intensive, but it can also yield great savings.


Consider a Higher Deductible


Your deductible is the amount that you have to pay out of pocket before the insurance pays out on a claim.  This is a bit of a gamble, but you can usually save on your premium by opting for higher deductibles.  Raising your deductible from $500 to $1,000 can save as much as 25% on your monthly premiums.


Home price is not the same as Rebuilding Cost


When you bought your home, you likely also bought the land on which it is located.  The perils that you cover your home against (fires, flood, theft, vandalism, etc.) are not likely to destroy your land, so you may want to avoid including the land value when thinking about California home insurance.


Take Advantage of Multi-Line Discounts


Often, the same company that insures your home will offer auto insurance.  When you have multiple lines of insurance with the same insurer, you will often get a discount.  Check with your insurers to see what arrangement will save you more money if you use one company for multiple lines of insurance.


Make your Home More Robust


Talk to your insurance agent or a company representative about things that you can do to lower your California home insurance premiums.  Making your home more resistant to damage by installing storm shutters, replacing roofing materials, or reinforcing your roof may save you money in the long run if you can lower your insurance premiums by making those changes.  Modernizing older homes can also make them more resistant to damages.  Modernized heating, electrical, and plumbing systems are less prone to causing damage to your home, and your insurer may offer lowered rates for having a home updated.

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