Reduce insurance costs without losing benefits

louisiana insurance agents

Homeowners insurance

Obvious homeowners insurance savings: You can probably figure out that buying smoke detectors, fire extinguishers and a home security system will reduce your homeowners insurance rates. After that, the brainstorming gets cloudier. Is there a trampoline in your backyard? A swimming pool? Getting rid of those would help, but if you have homeowners insurance, your agent has probably told you that.

Not-so-obvious savings: Are you overinsured? Some agents won't think about that. For instance, if you bought your house at $300,000, you may have told your agent that your house is worth $300,000. But that's what your house and the land are worth. If a tornado levels your house, your insurance is going to replace your house. Your land, we hope, is still there.

"What we're supposed to be insuring are the reconstruction costs," says Mike Cochran, an insurance ... http://insurance-a.ucoz.com/news/louisiana_insurance_agents/2013-05-26-2287