Which of the following actions is a suggestion to reduce your homeowner's insurance?

Question

Quizplus · Accepted Answer

Installing better locks or a security system can reduce the risk of theft or burglary, which can lower your homeowner's insurance premium. This is because insurance companies consider the likelihood of a claim when determining rates. By improving the security of your home, you are decreasing the likelihood of filing a claim, thus potentially lowering your insurance costs.

Option B is not a suggestion to reduce your homeowner's insurance as making small claims can increase your insurance rates in the long run. Option C is not recommended because eliminating your deductible means you'll have to pay less out-of-pocket when a claim occurs, but your premiums will typically be higher. Option D is also not recommended as decreasing your liability coverage may save you money in the short term but can leave you with insufficient coverage in the event of a lawsuit.

Which of the Following Actions Is a Suggestion to Reduce