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Thursday, 25 September 2014

Saving Money on Your Lethbridge Home Insurance Policy -- Is It Doable?



As you probably know by now, Lethbridge home insurance coverage can be expensive. While there is no doubting its efficacy (or the need of it), sometimes monthly premiums become a burden. What do you do when you begin to struggle paying those premiums? Find a way to lower them, of course!

Now you might think that lowering your premiums is not possible -- but it very much is so. What most people fail to understand is that premiums rely heavily on the number of risks associated with your house.

As an example, a person who smokes is most likely to pay higher premiums on their home insurance policy than a person who does not smoke. Do you know why? Because a person who smoke could well end up burning their house down -- costing their insurance company a lot of money in the process.

Now we're not asking you to stop smoking (although it would be nice if you did). We're just asking you to think outside of the box. Does your house have a security system? You'd be surprised at how much money you could save on your premiums by buying and installing one.

What most people also fail to understand is that the lower your deductible is, the higher your premiums is. While we don't recommend raising your deductible unless you are 100% certain that you can afford it, doing just this might prove to be a nice short-term solution to your problems -- assuming that nothing happens to your house in the meantime, of course.

Still unsure of how you could save money on your home insurance premiums? Talk with your insurance broker -- he or she is bound to have a few ideas to share with you!

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