We as agents and members of the real estate community often talk about saving money when buying a home. Savings might be commission amounts, reduced asking price, seller paid, closing costs, etc.

Something we don't often talk about and should is; saving money on your homeowner's insurance policy. Every home needs to be insured and sometimes the cost of insurance makes consumers take less coverage. Here are some tips to lower your homeowner's insurance cost.

• Shop around. It takes time but could save a bundle.
• Raise your deductible. The deductible is the amount you have to pay towards a loss. A higher deductible, generally means a lower premium.
• Don't confuse what you paid for your house with ‘rebuilding costs'. The land your home is on isn't at risk from theft, or other perils. Don't include the cost of land in your coverage.
• Take advantage of multiple policy discounts. Often if you insure your home and car with the same company, you'll receive a discount on the premiums for both.
• Maintain a good credit record. Companies will use your credit report to determine the price you pay for insurance.

If you would like more information, please contact us be e-mail and request our free brochure, 12 Steps to lowering your homeowner's insurance costs. Include your postal address.

TeamResults@Century21.com