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Give us a call to review some ways to possibly cut your insurance spending. Here are some suggestions:
1. Raise your deductible. Increasing your deductible on low-cost items can reduce premiums drastically. You also can use the savings for umbrella coverage (see below).
2. Combine policies. Save money by buying several policies from the same insurer.
3. Secure your home. Installing home safety devices such as smoke detectors, burglar alarms, fire extinguishers, and deadbolt locks can help get you discounts from your insurer.
4. Request discounts. Insurers often provide retirees and long-time customers with discounts.
5. Review your policy annually. You’ll need to cover any additional purchases and additions to your home — and tell us when you don’t own a covered item any more.
6. List your valuables. Keeping a safe record of your valuables can save you money if a flood or burglary strikes. Remember, the more details the better. And hang onto those receipts for big purchases, keeping them in a safety deposit box outside your home together with your home inventory.
7. Consider an umbrella policy for broader protection for catastrophes (we can show you how cost-effective this can be).
8. Don’t file so many claims. When homeowners file numerous claims, insurers react by raising rates and dropping policies. Translation: Pay smaller repair bills yourself. For more tips, or an easy review of your coverage, give us a call. |
