There is one big problem with homeowners insurance and you'll never guess what it is.
Homeowners insurance is one of those necessary evils that come with owning a home.
No one likes paying for it, but it's a necessary expense to protect your biggest investment.
But have you ever wondered why your homeowner's insurance bill is so high?
Watch the video below to learn more...
Need Homeowners Insurance?
The Obvious Reason You Pay Too Much for Homeowners Insurance
Now when it comes to homeowners insurance, most people take their policy for granted.
They assume that whatever they purchase when they first buy their home is the right coverage, and they sit on that coverage and carrier for as long as possible.
Now often, this has to do with the fact that they also pay for their homeowner's insurance through the escrow account on their mortgage.
This, my friends, is the biggest problem with homeowner's insurance. It's an escrow bill.
Now no homeowner's insurance agent will tell you that because escrow bill is a cash cow for insurance agencies.
We set you up, you go escrow bill, and you never see the premiums. The premiums are paid out of your mortgage payment, so you forget what you're paying.
Insurance agents can sit back and collect our commissions, and everything is good.
While this is a profitable way to run an insurance agency, it is not in your best interest.
It is a huge problem because what happens is, over time your premium goes up.
Maybe you get stuck in an old pricing program with a carrier and you are paying way more for coverage that doesn't actually serve all your needs.
As an individual and as a homeowner, your needs for what you need to protect are constantly changing.
Additionally, companies are always coming out with new coverage packages that can provide you with more value for the premiums you're actually paying.
service line coverage
One great example of this is service line coverage.
Now, service lines are anything coming from the road or the main lines at the road to your house. On traditional homeowners policies, none of those lines are covered.
So if anything happens to your water or any service lines in your home, you might not be covered. Some companies offer this for as low as $20/year - maybe you want it? Maybe you don't.
How Rogue Risk Can Help
If you're not working with an insurance agent who is continually looking at your policy, making updates when needed, and notifying you regularly, you need a change.
That's what we do at Rogue Risk. That's why we're homeowner's insurance specialists.
That's how you win. That's how you fix this problem.
Most people know that their homeowner's insurance is important, but few think about how to get the best rate.
If you understand the Escrow Bill and work with an Insurance agent, you can ensure you are not overpaying for your Homeowners Insurance.
This is where we come in at Rogue Risk.
If your current insurance professional has never addressed issues like this with you before, I’d encourage you to reach out to us today.
- You can call or text us at 518.960.6600
- Click here to contact us via email.
I look forward to introducing you to a new viewing of your insurance program.