With gas and food prices rising every day, are you looking for ways to make your money last longer? Instead of giving up your daily cappuccino, see if you can save some real money by lowering your Iowa homeowners insurance bill.
You Need Insurance
You actually aren't required to carry homeowners insurance - at least, not by the state of Iowa. Your lender, on the other hand, may require you to carry insurance.
But even if your home is paid off and you could drop your homeowners insurance, it's a good idea to keep it. After all, in addition to protecting you from Iowa weather hazards such as tornadoes, lightning, wind, hail, and blizzards, homeowners insurance can also protect you from fire, vandalism, theft, and other catastrophes.
But You Don't Want to Pay Too Much
You might be able to save money - possibly hundreds of dollars a year - without sacrificing any coverage or service. To make sure you're getting the lowest possible rate ...
* Ask about discounts. You may qualify for discounts if you insure your vehicle with the same company as your home or if you have anti-theft devices or smoke alarms. Ask your insurer what discounts you qualify for.
* Buy the right amount of insurance. To find out the replacement cost value of your home, have a builder run an estimate. And to find out the value of your possessions, conduct an inventory.
* Review your policy every year. You may have items to add to the policy or to take off.
* Shop around. Insurance rates can be hundreds of dollars lower from one company than from another, even if the coverages are the same. The best way to save the most money on your homeowners insurance is to shop rates from different companies.
You Need Insurance
You actually aren't required to carry homeowners insurance - at least, not by the state of Iowa. Your lender, on the other hand, may require you to carry insurance.
But even if your home is paid off and you could drop your homeowners insurance, it's a good idea to keep it. After all, in addition to protecting you from Iowa weather hazards such as tornadoes, lightning, wind, hail, and blizzards, homeowners insurance can also protect you from fire, vandalism, theft, and other catastrophes.
But You Don't Want to Pay Too Much
You might be able to save money - possibly hundreds of dollars a year - without sacrificing any coverage or service. To make sure you're getting the lowest possible rate ...
* Ask about discounts. You may qualify for discounts if you insure your vehicle with the same company as your home or if you have anti-theft devices or smoke alarms. Ask your insurer what discounts you qualify for.
* Buy the right amount of insurance. To find out the replacement cost value of your home, have a builder run an estimate. And to find out the value of your possessions, conduct an inventory.
* Review your policy every year. You may have items to add to the policy or to take off.
* Shop around. Insurance rates can be hundreds of dollars lower from one company than from another, even if the coverages are the same. The best way to save the most money on your homeowners insurance is to shop rates from different companies.
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