Financially savvy consumers are always looking for ways to reduce their bottom line, making the prospect of cheap contents insurance an enticing one. If the thought has crossed your mind lately, here is a quick primer on homeowner's insurance, home content insurance, and how you may be able to (or may not need to) cut your bill on house contents insurance.
Are You Paying too Much for House Contents Insurance?
To be honest, if the possibility of finding cheap contents insurance has you salivating over potential savings, the answer to the question posed above is probably yes. The vast majority of American homeowners (around 82%, according to the National Association of Insurance Commissioners) carry what's known as an HO-3 policy. If you fit into this category, your home contents are already covered as part of your larger homeowners insurance coverage at no extra cost, usually to the tune of 45% of your home's actual value. Feel better? Good. If not, read on.
Are You Paying too Much for House Contents Insurance?
To be honest, if the possibility of finding cheap contents insurance has you salivating over potential savings, the answer to the question posed above is probably yes. The vast majority of American homeowners (around 82%, according to the National Association of Insurance Commissioners) carry what's known as an HO-3 policy. If you fit into this category, your home contents are already covered as part of your larger homeowners insurance coverage at no extra cost, usually to the tune of 45% of your home's actual value. Feel better? Good. If not, read on.
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