I have some more time on my hands and am trying to lower my home/auto insurance. My question is what parts of my coverage is bullshit and can be lowered/removed etc.
From reading some definitions, I dont care for loss of use. Id like to drop that. I dont need my limit of personal property to be $216,000. More like the shit in our home is worth like 20 grand at most. For separate structures all we have is our fence but isnt an entire new fence like 8 grand? Id like to lower that amount covered as well. The only one I get a little nervous about is Dwelling. I owe 238k on our home. I have read about people lowering the limit to what you owe on the house. Someone please explain all of this to me. I have never really looked at my home insurance policy before and it is just the one they gave me when I got the house 7 years ago. We live in Flower Mound Tx if that makes a difference. I have also heard you can lower your premium by increasing the deductibles. Here are mine.
I mean seriously, with these deductibles, what the fuck am I actually paying for? A black swan event like a total loss? How many times in your life are you going to file a claim if the deductible is 6k a year?
Im paying $2100 a year for this with Farmers. Have never filed a claim, and want it lowered in the smartest possible way considering what I have just told everyone. Thanks