How to lower your home insurance premium

The video tutorial discusses the rising costs of homeowners insurance, especially in disaster-prone areas like Florida, Louisiana, and Oklahoma. It provides strategies to lower insurance premiums, such as increasing deductibles and qualifying for discounts through safety measures and claim-free histories. The tutorial also explains the coverage and exclusions of homeowners insurance, emphasizing the importance of understanding policy details and considering additional coverage for specific natural disasters.

Which states are mentioned as having the highest insurance premiums due to being disaster-prone?

• California, Texas, and New York

• Florida, Louisiana, and Oklahoma

• Nevada, Arizona, and Utah

• Georgia, Alabama, and Mississippi

What is one way to potentially reduce your insurance premium?

• Lowering your deductible

• Filing frequent claims

• Increasing your deductible

• Avoiding safety measures

What discount might you qualify for if you haven't filed a claim in several years?

• A paperless billing discount

• A claim-free discount

• A new homeowner discount

• A multi-policy discount

Which of the following is typically not covered by standard homeowners insurance?

• Theft

• Flooding

• Wind storm damage

• Fire damage

If you live in an area prone to earthquakes, what might you need to do to ensure full coverage?

• Increase your deductible

• Purchase a separate policy

• File a claim every year

• Install a sprinkler system