Many insurance companies see that homeowner’s insurance rates have been underpriced in many areas of the country for decades and need to increase by 15 to 20 percent. While insurance regulators in many states aren’t likely to agree with such a large rate change, many homeowners’ may see five, six, seven-percent increases in California homeowner’s insurance premiums with their next renewal.  Depending on the losses across the country by any given company, there may be larger or smaller price hikes on your policy.

But there are things you can do.  Here are some ideas:

  • Make sure you have the right coverage.  Discuss your coverage with your agent. Although home prices have gone down, the cost to rebuild has remained steady due to the cost of materials.
  • Check your deductible.  A common deductible today is $1000.  A rule of thumb is fix any problem under $1000 yourself.
  • Bundle your homeowner policy with other policies you have.  Sometimes the savings can be 10%-20%.
  • Discuss your coverage with your agent!

    Making the phone call to your independent insurance agent is the first step to making sure you have the right California Homeowner Insurance coverage.  An Independent insurance agent has choices, shouldn’t you?

    Posted 12:00 AM  View Comments

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