1. You can save several hundred dollars a year on homeowner's insurance and up to $50 a year on renter's insurance by purchasing a policy from a low-price, licensed insurer. Ask your state insurance department for a publication showing typical prices charged by different licensed companies. Then call at least four of the lowest-priced insurers to learn what they would charge you. If such a publication is not available, it is even more important to call at least four insurers for price quotes.
2. Inquire about available discounts. For example, some insurance companies charge a lower premium if you install smoke detectors or an alarm system or if you purchase both auto and homeowner's/renter's insurance from the same company.
3. Make certain that you purchase enough coverage to replace your house and/or its contents. "Replacement" on the house means rebuilding to its current condition.
4. Make certain your new policy is in effect before dropping your old one.
Web Resource: http://www.pueblo.gsa.gov/cic_text/housing/12ways/12ways.htm and http://www.fema.gov
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