Homeowners insurance is an item on a budget that’s here to stay when you buy a home specially if it is being financed. Gretchen called me for an insurance review since she was buying a home. This particular home was in the market for $700K, but the cost to rebuild was well
over $1M. The house had a brand-new roof, so I suggested going with a company that offer two deductible options. I set up one $2500 deductible for all claims not related to wind and hail. Then I set up a 1% wind and hail deductible for roof damage. That brought the premium substantially down and she knew she can afford a large deductible in the event of a roof damage claim. I was able to get her new home’s mortgage payments low and get her to closing in no time.