How Millennials Buy Homeowners Insurance

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How Millennials Buy Homeowners Insurance

Over the past years, millennials have been blamed for many shifts in trends. Before 2017, some claimed millennials were not buying homes. Well in 2020, they are back with a vengeance, accounting for ~50% of all new mortgages. Millennials know that in addition to buying a new home, they also need to acquire homeowners insurance

How To Find Affordable Homeowners Insurance? 

Millennials also know online research usually leads to better financial decisions. With homeowners insurance, research is needed more than ever. Homeowners insurance costs are at an all-time high, due to the recent rise in $1B+ natural disasters. Lucky for you, there are still numerous discounts available for the prudent shopper. If you take advantage of these potential savings then your insurance can be more cost-efficient. 

Use An Insurance Expert (aka An Independent Agent)

An independent insurance agent is a valuable resource when purchasing home insurance for the first time. Insurance agents will be able to supply knowledge of the various coverage options and are also able to help homeowners customize plans to suit their needs. By using an independent insurance expert, millennials are able to get the best coverage for their dollar. The beauty of living in the year 2020, is that insurance agents are now digital!

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When it comes down to it, you want to ensure that your insurance plan:

  1. Provides coverage that matches your unique needs 
  2. Is affordable with a premium you pay on a monthly basis 
  3. Has deductibles that won't cause financial strain if you need to file a major claim

So there you have it, some quick tips to help you find affordable homeowners insurance. Good luck!

At your service,
Young Alfred