21 Ways To Offset Home Insurance IncreasesBy: SmartFinancial Re-evaluate Your Rebuilding Cost Before slashing your coverage limits, take into consideration how much prices have gone up in materials and labor, along with shortages due to severe weather events. However, do not mistake your homeowners insurance dwelling coverage limits to include the value of the land; It should only cover the cost to rebuild the home and other structures. [8] If you are confusing the market value of a home with the rebuilding cost, you may be paying much more in home insurance than necessary. Create a Defensible Space Around Your Home If you live in an area that is prone to wildfires, build a defensible space around your home. For instance, mulch and bark are flammable, so use gravel or concrete for the driveway. Get rid of dead or dying plants and weeds from the roof and surrounding your home, making sure that everything within 30 feet of the home is green and can't ignite. Plant vegetation and trees at least 10 feet from the home and remove tree branches lower than six feet from the ground.. Flying embers can ignite all these things as well as combustible furniture or fencing. There are many other things you can do to make sure that if a fire starts, your home is safe. Showing photos of the defensive space to your insurer may help you lower premiums. Full article here: https://smartfinancial.com/ End
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