This is a sponsored post from Bank of Sun Prairie. It was not written by the Madison Minutes news team.
Homeowner's insurance protects you from financial loss due to damage or destruction to your home and its contents. This guide aims to demystify homeowner's insurance, explain why it's often rolled into your mortgage, and offer money-saving tips.
Whether you pay your home insurance through your mortgage company or receive an escrow waiver, there are a few ways to save money when selecting a home insurance company and policy. These include:
Shopping Around
Compare offers from multiple insurers to find the best coverage at the most competitive price. Consider working with an independent insurance agent who can provide various options from different insurers.
Bundling Policies
Some insurance companies offer discounts if you bundle homeowner's insurance with other policies like auto insurance.
Higher Deductibles
Opting for a higher deductible can lower your premium. However, ensure you can comfortably afford the deductible in case of a claim.
Home Security and Safety Measures
Installing security systems, smoke detectors, and other safety features can lead to discounts on your premium. Homeowners in flood-prone areas who invest in flood mitigation measures, such as elevating their homes or installing flood barriers, to reduce risk can potentially lower insurance costs.
The team at Bank of Sun Prairie is pleased to offer this information through our partnership with Madison Minutes. Our Financial Fitness Center offers 50+ digital short courses in English and Spanish. Visit us in Sun Prairie and Cottage Grove today or bankofsunprairie.com. Serving Greater Dane County and beyond. Message and data rates may apply.
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