Sometimes the premium required to cover a risk is almost as much as the payout when a claim is made. This can be true when you are purchasing additional coverage. Investigate ways of decreasing your premium. When you are satisfied that the proposed insurance policy will adequately cover your needs, find out if there are ways to reduce the premium. Use deductible insurance.
Some policies have a low deductible for any claim.
You may be able to increase your deductible to a level that us still financially safe for you and receive a premium discount. Installing safety and security devices where premium deductions may be offered. Fire extinguishers and smoke alarms are examples. Buy only the coverage that you need. Keep in mind the value to you of the risks that you are insuring.