Agent

Six ways to save on homeowners insurance

Tips on deductibles, claims, cash value vs. replacement cost

Editor's note: Robert Bruss passed away on Sept. 26, 2007. Inman News is republishing his work, which still holds value in today's market, in an ongoing "Best of Bob Bruss" series. A few days ago I was chatting with my longtime insurance agent. Among other things he mentioned some good news and some bad news about my homeowners insurance policy. Purchase Bob Bruss reports online. He said when my policy comes up for renewal in a few months, because of rising construction costs, he will recommend increasing my replacement cost coverage. That was the bad news. But the good news, he said, is his company's insurance rates per thousand dollars insured have come down due to lower losses in my area so the policy cost won't increase so much after all. I'll wait until I get his bill to compare insurance costs with competitive insurers. Over the years, I've re-shopped for property insurance every few years to be certain I wasn't paying too much and that I had adequate in...