Save Chunks Of Change 1
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To save your dollars, think of choosing a homeowners insurance plan with a deductible (could also be considered as some sort of participation fee) of $ 300, $600 or even $1,000. Shocking ? Not really. Look at it this way: in case of a loss or damage to your property, like water damage from a leaky pipe or roof, it is compulsory for you to pay your deductible first before your insurance company will start covering your claim and take care of the rest of the expenses. But meanwhile, you save on premiums because plans with higher deductibles usually have lower premiums and vice versa.