Knowing what insurance coverage you already have and what you need is important. This will help to keep you protected if you are in an accident or something happens. Given all the insurance coverage you need, any health insurance, homeowner’s insurance, life insurance, or auto insurance, can take a large bite out of your bank account. Fortunately, you can reduce the amount you pay for insurance without jeopardizing protection. To some people, a lower deductible means you get something from an insurance plan. The deductible is the amount you have to pay before insurance starts paying the bills. Others point out that plans with higher deductibles are cheaper. In general, high-deductible plans are much less expensive than low-deductible plans. If you can raise and set aside the money you would need to make your deductible, you can save on your insurance premiums. Insurance is intended to cover risks you cannot afford to bear on your own. The higher the deductible, the lower the premium. By raising your deductibles to one thousand dollars from two hundred and fifty dollars, you may be able to reduce your premium by as much as twenty five to thirty percent. Just make sure you do not raise your deductible so high that you cannot pay that amount in case of an emergency.
How Insurance Policies Work
You can make your insurance policies really work for you by taking advantage of the insurance coverage those policies offer that you may not even know about. Also, in the process, avoid paying for unnecessary coverage. If you have any questions regarding your insurance policies, make sure to contact us so we can answer any and all questions that you might have.
If you have a Trailer, you can have Insurance
If you own an expensive camping trailer, you can insure it best and most economically by adding the trailer to your car insurance policy. Since car insurance covers only the trailer, add Special Perils contents coverage to your homeowner’s policy to get better coverage for the belongings in your trailer in case of damage from a collision or overturn.
Renting a Musical Instrument
Parents commonly rent instruments instead of buying them, especially for the child’s first instrument. The rental agency requires you to insure the rental. You can insure that rented guitar under your homeowner’s policy for four dollars to eight dollars a year. This is opposed to the rental agency’s insurance, which can run almost one hundred dollars a year.
Insuring any Valuables that You Have
If you have any kind of property that is quite valuable and could be stolen, such as jewelry or fine paintings, install a central burglar-and-fire alarm. Installation costs are often two hundred dollars or less. The monthly cost to monitor the alarm is about twenty dollars. You reduce the risk of losing an irreplaceable treasure, and you receive ten percent to twenty percent off your homeowner’s rates. By contacting us, we can help recommend what type of insurance would be right for you and your home.