Homeowner Insurance Quotes - Change in Deductible Policy - How to Get the Best Deal?
If you are living in a coastal state, you may be forced to pay deductible as a percentage of the damage incurred.
This has obvious implications for your finances.
Further, it also will affect the cost of your insurance policy.
Earlier, you used to get great discounts when you increased the amount of deductible involved.
A person paying a thousand dollar deductible will always get a cheaper insurance policy as compared to a person paying a hundred dollar deductible.
In such a scenario, how will the change in the policy of homeowner insurance company affect your finances? Will the absolute figure be replaced by percentage figures? Will a person offering to pay a ten percent deductible get an affordable insurance policy as compared to a person offering to pay a one percent deductible? If yes, then how much should you get as a discount? Paying nine hundred dollars extra helps you quantify the financial loss and compare the same with the discount that the company was ready to offer.
However, an increase in the percentage increases the uncertainty as well.
Offering to pay a ten percent deductible means that you will have to pay ten thousand dollars if your house suffers a hundred thousand dollar damage.
Needless to say, the financial outlay involved will be a lot higher.
Consequently, you should get a higher discount when you negotiate with homeowner insurance companies.
You cannot rely on the agents to do this task for you? Further, you will have to find the cheapest policy available because you need to save money for the uncertain deductible.
In such a scenario, having a bird is eye view of the entire industry and knowing how much each and every insurance company is charging will be very beneficial.
You can easily extract maximum benefits for the high deductible percentage that you are prepared to pay.
Most homeowners accept the arguments of insurance companies that changes are made because of the increased risk amongst those living in coastal areas.
Do not allow insurance companies to dominate you like that.
You should insist on getting a good deal because you are offering a high deductible percentage.
If you are not entertained, just get in touch with some other insurance company and repeat the process.
You can even inform your insurance agent and your insurance company that you are going to work in such a manner.
This will definitely make them wary of taking you for granted.
This has obvious implications for your finances.
Further, it also will affect the cost of your insurance policy.
Earlier, you used to get great discounts when you increased the amount of deductible involved.
A person paying a thousand dollar deductible will always get a cheaper insurance policy as compared to a person paying a hundred dollar deductible.
In such a scenario, how will the change in the policy of homeowner insurance company affect your finances? Will the absolute figure be replaced by percentage figures? Will a person offering to pay a ten percent deductible get an affordable insurance policy as compared to a person offering to pay a one percent deductible? If yes, then how much should you get as a discount? Paying nine hundred dollars extra helps you quantify the financial loss and compare the same with the discount that the company was ready to offer.
However, an increase in the percentage increases the uncertainty as well.
Offering to pay a ten percent deductible means that you will have to pay ten thousand dollars if your house suffers a hundred thousand dollar damage.
Needless to say, the financial outlay involved will be a lot higher.
Consequently, you should get a higher discount when you negotiate with homeowner insurance companies.
You cannot rely on the agents to do this task for you? Further, you will have to find the cheapest policy available because you need to save money for the uncertain deductible.
In such a scenario, having a bird is eye view of the entire industry and knowing how much each and every insurance company is charging will be very beneficial.
You can easily extract maximum benefits for the high deductible percentage that you are prepared to pay.
Most homeowners accept the arguments of insurance companies that changes are made because of the increased risk amongst those living in coastal areas.
Do not allow insurance companies to dominate you like that.
You should insist on getting a good deal because you are offering a high deductible percentage.
If you are not entertained, just get in touch with some other insurance company and repeat the process.
You can even inform your insurance agent and your insurance company that you are going to work in such a manner.
This will definitely make them wary of taking you for granted.