I just got a policy renewal packet in the mail for my Homeowner's Policy.
First off, I do have a mortgage so I'm sure there are things the bank will not let me get rid of. Also, I don't want to be stupid and drop something I may need. I am thinking that I'm covering loss to objects in my house that I could easily self insure.
The insurance was $721 last year and is $819 this year. I have not filed any claims and I do see discounts/credits given for that kind of stuff so it likely isn't a missing discount.
I don't know how specific I should get but I'll start here:
Personal Property Replacement Cost Loss Settlement $92
Mariner Plus Endorsement $125
Specified Additional Amount of Insurance for Coverage A - Dwelling - Massachusetts: Additional Amount of Insurance 50% $37
Catastrophe Premium $356
Sum of my discounts/credits ($367)
Total of $819
Some of the Mariner Plus stuff is liability(Coverage E) and medical payments to others(Coverage F) that I would not want to skimp on. Some of it(Looks like Coverage C) refers to stolen property, watercraft (don't own any), trailers (don't own any)
The packet doesn't really explain what each Coverage letter is. It seems to mention updates to the wording of the policy but at 15 pages, I think it's more of a summary.
Also, I don't have car insurance with this company. It may be because they don't offer it, I'm not totally sure. It's Narragansett Bay Insurance Company (Auto is through Commerce) We use the same agent for both policies but I don't see any discount for combining home and auto.
Any tips?