Mortgage paid off? Ask for home insurance discount
Tuesday, August 31st, 2010
Home insurance companies offer discounts for a bunch of reasons. Here’s an article I found that mentions 15 ways to save, but omits one key fact.
If you own your home free and clear, you can save on home insurance. Canadian Capitalist noted this in a recent post.
Take If Shari, a reader who paid off his mortgage in 2004. He wanted his insurer to pay back all the foregone discounts.
We have been insuring our home and two cars with Aviva for many years, paying several thousands dollars each year.
Just yesterday, I have discovered that they allow a discount on home insurance if you are mortgage free. The amount is quite significant at $80 for just this year.
Aviva never notified us of the ..read more

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