The best way to reduce your homeowner's insurance premiums is to

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By increasing your deductibles, you can lower your homeowner's insurance premiums. This means you'll pay more out of pocket in the event of a claim, but in exchange, your premiums will be lower. It is not advisable to eliminate any necessary coverage, such as liability coverage, as that can leave you unprotected in case of an accident or event. Insuring your home for only 60 percent of its value may not be sufficient, especially if you need to rebuild after a catastrophic event. Dropping coverage for medical payments could also leave you vulnerable if someone is injured on your property.

The Best Way to Reduce Your Homeowner's Insurance Premiums Is