This is critical information if you really want to get lower rates.
Unknown to many, they are only a few minutes away from paying maybe half their present rate.
However, they remain ever so close for so long but never take advantage of the savings opportunities around them.
Their reason: Ignorance.
It is painful but true that many American homes are under-insured.
However, it is also true that some are over-insured.
The bad thing about being over-insured is that it does not really mean extra benefits.
This is because at best you'll get the replacement cost if you make a claim.
To make sure you are not making this mistake, go through your Phoenix home insurance policy again.
Did you subtract the cost of the land from your home's worth or did you include everything.
You don't insure the land on which your home is standing.
Therefore, make sure you deduct the land's cost from your home's worth.
Go over your home contents again and make sure they are not over-valued.
Have you ever had a chat with your agent about all the discounts possible for your profile? If you haven't, you may be leaving some money on the table as a little adjustment here and there could result in massive savings.
Finally, did you shop extensively before paying for your current Phoenix home insurance policy? By this I mean you got and compared quotes from five or more sites that represent insurance carriers in the state.
If you didn't get quotes from this many sites then you might have missed better rates.
Even if you did get quotes from this number of sites, you have another opportunity of exploring other quotes sites to see if you'll get better offers.
Getting home insurance quotes from a site will only take you about five minutes.