Homeowners Insurance Secrets That Your Agent Won't Reveal
Secret 4: The Value of a Higher Deductible
Opting for a higher deductible can significantly lower your insurance premiums. While this means you'll pay more out-of-pocket in the event of a claim, it can be a smart financial move if you have a solid emergency fund. By increasing your deductible from $500 to $1,000, you could save as much as 25% on your premium4.