Owning a house comes with many responsibilities. You have to maintain the home, pay taxes, and in most cases, make monthly payments on your mortgage. Then there’s also the cost of home insurance.
When it comes to reducing your monthly billable costs and going for a more frugal approach in life, there’s only so much you can do to reduce your mortgage – and even less you can do to make sure your house is well-maintained affordably (either through time or money invested) – so you turn to the homeowners policy.
Now, we all know the advice people give when it comes to finding the right insurance provider. Shop around, ask questions, clean up your credit and so on and so forth. But what if you already have an insurance policy? What if you’ve shopped around, and gotten the best deal you could find? Is there still a way to further cut down on costs?
In short, the answer is: probably. But to really get into it, you’ve got to ask a few questions. To help you along on your quest for more affordable – and smarter – home insurance, here’s an extremely simple list of five questions you should ask yourself.