In today’s economy, many homeowners are looking for ways to reduce spending. One way to do so is by reviewing their homeowner’s insurance policy and looking for ways to cut costs without adversely affecting coverage. Raising the deductible from $500 to $1,000, reducing coverage on the “household contents” portion of the policy, and installing home security devices could save as much as 25 percent every month on premiums, according to the Insurance Information Institute.

Related articles

• Getting a Grip on Homeowners Liability (homeownersinsurance.org)
• How To Stop Paying Too Much for Homeowners Insurance (homeownersinsurance.org)
• The Right (and Wrong) Way to Cut Insurance Costs (bucks.blogs.nytimes.com)
• Leaving Your Family Homeless (termlifeinsurance.org)

Filed under: Economy, Money-Saving, VRN