Today we are talking about insurance deductibles and how we can offset some of the pain with "Docs Dollars" to help you get upgrades without extra costs.
Taking out the best possible home insurance policy is just smart on your part, whether you rent or own your home. No one can predict when something bad will happen. And although you can prepare for the worst, there is often no way to stop it from happening. It's best if you're protected, though, and the tips you just read, can help you find the right protection.
A higher deductible can mean lower premiums. You'll bear more of the expense of a loss yourself, so the insurance company will give you a break on your premium. Thus, you will need to spend your own money to handle small amounts of damage, though the money you save in premium costs is likely to offset such expenditures.
To keep your coverage up to date, be sure to review your homeowner's policy every year. Let your insurer know of changes in your home and property that may help keep your premiums down. For instance, if you have replaced a low grade composite shingle, to a higher grade impact resistant you may get a premium reduction.