Hayek Insurance Blog
The Covid-19 pandemic took away many people’s sources of income. Maintaining homeowner insurance, which protects homes and personal belongings from damage or burglary, seems complicated because other expenses pile up. Here are some tips to reduce homeowner insurance costs to maintain it despite the crisis caused by the pandemic.
1. Knowing the Type of Coverage
There are different types of coverages a policy can obtain. Knowing these will help policyholders in deciding what they need.
2. Shop Around for Policies
Be sure to get quotes from at least three insurers to have enough choices. Some mortgage lenders may require homeowners’ insurance. Shop around, look for trusted insurers, and obtain the needed policy.
3. Annually Talk to Insurance Agents
Communicate with insurance agents, and understand the policies. Be mindful of inclusions and exclusions in the current insurance that policyholders obtain. During this pandemic, talking to insurance agents about the support they can give will reduce costs.
4. Ask for Discounts and Hike Deductibles
Negotiate regarding premium discounts and deductibles. A higher deductible typically lowers insurance premiums. With lower premiums, policyholders can reduce insurance costs.
The pandemic may have taken away everyone’s source of income, but policyholders don’t have to give up their homeowner's insurance. Instead, they should look for ways to reduce insurance costs to keep their homes secured.
At Hayek Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (805) 496-8835. You can also request a free quote by CLICKING HERE.