Tips for cutting home insurance bill

September 24, 2006|By McClatchy-Tribune

Home insurance rates are rising around the country, as evidenced by rate increases at several major firms in Florida.

But there are ways to economize. The Insurance Information Institute offers several simple steps to lower your bill:

Consider increasing your deductible, the amount of money you must pay toward a loss if you ever have a claim. Higher deductibles usually mean lower premiums.

Consolidate your insurers by purchasing your homeowners insurance from the same company you buy your auto policy. You might be able to snag a discount.

Make your home safer. Security and safety systems such as deadbolts on doors, burglar alarms, fire extinguishers, smoke detectors and automatic sprinklers make your home more attractive to insurers.

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