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Five Costly Homeowner’s Insurance Mistakes

Your home is where your heart is, but it can also cost you unnecessarily if you are making bad moves when it comes to your homeowner's insurance .

While not having enough coverage is a costly mistake, particularly if your house burned to the ground, there are things you may be doing that make your premiums higher than your neighbor down the block.

With that in mind, here’s a look at five mistakes insurance experts say will cost you more each month.

Accepting the status quo:

We shop around when buying an appliance, purchasing a car or even spending for a new dress but when it comes to homeowner’s insurance people often stick with the coverage they have each year. “One of the things people don’t do is true comparison shopping,” says Keith Moore, Chief Executive of CoverHound, the insurance Website. “If you never shop the rate I guarantee you are paying more than you should.” According to Moore homeowners should shop their policy on an annual basis.

Click here for the full Fox Business article.

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