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How to Buy Cheaper Louisiana Homeowners Insurance

The first step in finding cheaper homeowners insurance in Louisiana is to understand exactly what kind of coverage you’re looking for. There are three things you have to have firmly fixed in your mind before you even begin shopping around for cheaper Louisiana homeowners insurance. 1) How much coverage are you really looking for? Most people reach for their mortgage paperwork when someone asks them how much their home is worth, but that’s only part of the equation. Your mortgage was intended not only to buy both your home and the grass, trees, rocks and dirt around it. Since your land probably isn’t going to need to be replaced if you get caught up in an act of God you can separate its value from the value of your home to lower both your coverage and your premiums. 2) How high can you go? Your deductibles are going to have a big impact on your homeowners insurance premiums, so it stands to logic that if you’re looking for cheaper Louisiana homeowners insurance you have to start by being willing to pay out higher deductibles. Take the money you save each month on your homeowners insurance premiums by raising your deductibles and put that money in a savings account so you have enough to cover your deductible if your home comes crashing down around your ears. Hopefully you’ll never need it, but if you do you’ll be able to relax and know it’s ready and available while still enjoying huge savings on your monthly payments. 3) Unless you’re extremely lucky you probably won’t be able to find flood insurance as a part of your private homeowners insurance policy (even if you are willing to pay a ridiculously high deductible). That differs a bit as you travel inland, but flood insurance is always going to be a major obstacle to finding cheaper Louisiana homeowners insurance. You’re probably going to find yourself working with FEMA and the National Flood Insurance Program, which is going to add more money onto the amount of money you pay out each month but well worth it the next time Mother Nature decides to rain on your parade. 4) Don’t be afraid to shop around! Competition is going to work in your favor when you’re talking dollars and cents. Each insurer has their own policies when it comes to premiums and discounts, and you might be surprised what can save you money-and how quickly an agent will ask their manager about dropping your premiums if you start name dropping with a competitor’s prices! Cheaper Louisiana homeowners insurance isn’t just a fairy tale that real estate agents tell to home buyers to close the deal. Even when Mother Nature goes on a rampage you can still afford to give your home the protection it deserves if you’re willing to give it the effort it takes to turn a child’s story into reality.

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