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Unless you know the extra spend is a wise compromise, you'll spend less if you buy a house in a region that won't demand flood insurance. If you accept a quote and purchase a home owner insurance policy from a company that doesn’t know what it’s insuring, you may find yourself high and dry if you ever need your home owner insurance policy, i.e., your home catches fire or is burglarized. You'll get a lower premium if you choose a higher deductible. Louisiana home insurance quotes Do you know them? They're things that the policy does not give you coverage for.