Simply put, one of the best and easiest ways to lower your monthly Connecticut homeowners insurance is this: by lowering your deductible. This quick and simple act wind up saving you and your family a significant amount of money which can be used on other family needs like gas, groceries, or maybe even a nice dinner out on the town.
There are a few key reasons why raising your deductible is a smart and financially beneficial for you and your family. raising your deductible to $1000 or more can and will stop you from filing small claims on your homeowners insurance that will in turn increase your coverage costs. One of the main causes of insurance premium increases is due to the amount of claims filed, so the less claims you file, to better off your premiums will be. It’s all connected.
Just remember one thing, if you increase you deductible, make sure that you can afford it if a claim does have to be filed. It’s easy to raise your deductible, but just make sure that if the time comes when you have to file, that you can afford it.
When you inspect your homeowners insurance policy and see that your deductible is only a couple hundred dollars, it can’t hurt to increase that amount so you’ll end up saving money.
If you have any other questions about Connecticut home insurance or any other type of insurance, please feel free to call anyone at Paradiso Insurance. They can answer any of your inquires and will help you with any insurance needs you may have