A new property insurance plan offered by a California company might help you save $3,000 per year when you go to the bank.
The Property Insurance Savings Plan from Capital Group Properties has a $3.95 annual deductible, which is much lower than what the average homeowner would pay in the U.S. Capital Group has been selling the plan since it launched in 2017.
The company says that people who don’t qualify for the lowest rate for homeowner policies can still get a higher rate.
The plan is offered in 10 categories, and the top tier is the lowest, which comes out to about $2,000 for a $150,000 house, Capital Group says.
The company has also created a calculator that helps you figure out how much your deductible will be and how much you will pay for the plan if you buy the cheapest option, as well as how much additional deductible you can get.
The cheapest option costs $8,000 a year and can save you up to $200 a year if you go with the cheapest plan option.
For the most part, you will want to avoid the top 10 plans.
Capital Group says the plan is available for new or existing home owners.
The top tier of the plans offers $3 a month for new and $6 a month to current homeowners.
You can see a complete list of the top residential and commercial insurance plans here.
Another benefit of buying the plan from Capital is that you can use it to pay for other insurance as well.
Capital says the lowest tier is $1,000.
If you want to buy the plan with your existing policy, you’ll have to pay $4,500 for a new plan, and $5,000 if you renew.
The plans have a deductible of $3 for a policy with a $1 million deductible, $3 million deductible and a $5 million deductible.
What do you think of Capital Group’s Property Insurance savings plan?
Have you tried it?
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