How Can Coastal Residents Save on Insurance Policies?
While nearly every insurance policy comes with policy-specific discounts, there are three general ways that coastal residents can usually save on the insurance coverages they need.
First, shopping for policies with an independent insurance agent is the easiest way to find low rates on coverages that are needed. Independent agents aren’t obligated to work with only one insurer, but they can request quotes from multiple insurance companies so that residents can identify what companies offer the lowest rates.
Second, many insurance companies offer multi-policy discounts if more than one property and casualty insurance policy is purchased through them. Because of this discount, it usually makes sense to purchase homeowners, boat and umbrella insurance from the same company.
Third, flood insurance is normally most affordable when purchased through the NFIP. If a property qualifies for this program, this is usually the best way to get flood coverage.