He Saved $32 a Month. Then the Basement Flooded.
The cheapest policy and the right policy are rarely the same document.
A homeowner came to me last year after a claim went badly.
He had switched to a cheaper policy two renewals earlier.
Same house. Same company promises. Lower price.
Nobody had walked him through what came off the policy to get there.
What had changed
His premium dropped about $32 a month.
To get there, the policy had:
• A higher deductible
• No sewer backup endorsement
• No overland water coverage
• Contents at a lower limit
He had saved roughly $770 over two years.
Then the water came
Water backed up through the basement drain after a heavy storm.
Flooring, drywall, furnace, stored belongings.
Without the sewer backup endorsement, that type of loss is generally not covered.
What I want you to take from this
Cheaper is not a coverage strategy.
Ask these before you switch or renew:
✅ What is my deductible, exactly?
✅ Do I have sewer backup and overland water?
✅ Is my home insured to rebuild, or to market value?
✅ What did we remove to reach this price?
A lower premium you do not understand is a bill you have not received yet.