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MONEY matters

Mark Zaifman's thoughts on money, global economic trends and politics

Save Money on Homeowners Insurance

Mark Zaifman   |    Thu, Feb 10, 2011 @ 06:30 PM

save-money-on-homeowners-insurance

If your house has gone down in value and you are considering dropping insurance coverage to save a few bucks, you may want to reconsider.  I’m all for tightening the belt and saving money in creative ways during challenging economic times – but lowering your insurance coverage on your home is not a place to cut back on.

Kimberly Lankford, Contributing Editor, at Kiplinger's Personal Finance says you should never lower the amount your house is insured for just because housing prices have dropped. Read her recent article How to Save Money on Homeowners Insurance to find out more.  

Saving money is on everyone's mind, or rather, it should be. In these times of making ends meet, I encourage you to think about ways you could save, just don't put yourself or your future at risk.

If you have any money saving ideas you want to run by me - shoot me an e-mail.  I'm here to help.

 

photo by D.C. Atty