Secret Hacks to Slash Room Rental Insurance Costs

Increase Your Deductible

Opting for a higher deductible is another effective way to reduce your premium. While this means you'll pay more out of pocket in the event of a claim, it can substantially lower your monthly or annual insurance costs. Evaluate your financial situation to determine the highest deductible you can comfortably afford.

Improve Home Security

Installing security devices such as smoke detectors, burglar alarms, and deadbolt locks can make your living space safer and potentially lower your insurance premium. Insurers often provide discounts for homes equipped with these safety features, as they reduce the likelihood of theft or damage.