Your Home insurance policy is the significant part of caring your most valuable asset: Your home! Home insurance protects many things: your personal property, liability, as well as loss of use. Even with home insurance being a must have you can still shop around being smart with your money and not only find the best fit for coverage’s, but also the lowest price available for you. We want to give you 5 tips to save on Home Insurance.
High deductibles equal lesser premiums. Consider your home insurance isn't a protection program. You are only going to be using it for the big claims anyway. You can fix a Rs. 1000 broken window yourself and save by not filing claims all the time. Just consider to keep the deductible within an affordable limit.
Give the agent the correct information so they can properly insure your home. You don't want to pay for reporting you don't need. You also want to be correctly insured in the event of a loss. It doesn't pay in the long run if your home burns down and you don't have the coverage to replace it.
Mr. C S Sudheer is the founder and CEO of IndianMoney.com – India’s largest Financial Education Company. He started his career with ICICI Prudential Life Insurance and later on worked with Howden India. After his brief stint in Howden India, he moved on and incorporated Suvision Holdings Pvt Ltd which is the sole promoter of IndianMoney.com. He aims to build a nation that is financially literate with investment savvy citizens.
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