Home insurance deductible options
You have some flexibility when it comes to deductibles for your home insurance, such as paying a lower premium but with a higher deductible. Think about how much you are willing to spend on claim payments. Knowing how you want to structure your payment will help the agent determine deductibles and premiums that fit your budget.
Higher deductibles can reduce your premiums. However, you should avoid selecting deductibles that are excessively high. High deductibles may lead to financial difficulties. Be cautious when choosing your deductible amount.
Notify your insurance agent of changes
It's also important to update your agent about any changes throughout the year when your policy renews. This will help to ensure that your insurance policy remains current and accurate, avoiding any gaps in insurance coverage.
Items to update with your agent:
- Sold/purchased autos or homes
- Renovations to your home that could increase the value
- Newly licensed drivers
- Drivers who are no longer members of your household or a college student who no longer has access to a family auto
- Newly purchased items of high value such as fine arts, jewelry, musical instruments or collectibles
When your policies renew, look them over to make sure they are accurate and that you didn’t miss notifying your agent of changes. To find an agent representing The Cincinnati Insurance Company, please visit our Find An Agent locator.