Lowering Your Insurance
It is widely known that insurance is necessary to safe guard families and individuals against unexpected events such as natural disasters and death
. The payment of insurance by a family makes sure that it will be provided for it something should happen to its primary provider, home, or other daily necessity.
In the end, insurance safeguards the family against severe financial loss. However, insurance can be very costly.
The price of insurance can make it very difficult for some families to obtain proper insurance protection. The key to slashing the price of an insurance premium is to lower the likelihood that a disaster will occur and force the insurance company to cover it. There are several easy ways to lower the level of risk your family faces and your premium insurance payment.
Start by calling your home insurance provider or a neighborhood watch program leader and ask them what you can do to further protect your home from intruders. They should have a list of easy changes you can make to secure your home.
This list is likely to include good locks on all of the windows, including and especially the upstairs windows. Many people do not believe that robbers will go to the trouble of climbing to the roof to enter a home.
They make the mistake of leaving an upstairs window open one day and a robber enters their home, whereupon they lose many of their personal items at a severe financial loss. Thieves have learned that people do not expect robbers to enter by an upstairs window, and look for opportunities.
In addition to secure all of the windows in a home, it is also a very good idea to use a level five mortise deadbolt lock on all doors leading outside of your home. These locks have been proven to be one of the more tamper proof locks available.
If these things are in place, most insurance companies will deduct up to ten percent off of your content insurance. If you already have installed these locks, check with your insurance company to make sure that they know that these locks are installed and that they have given you reduction.
Your insurance company will also be able to suggest a security alarm company to work with. A properly installed and effectively working alarm can result in an additional reduction in your premium of up to ten percent.
You will have to decide if installing an alarm is worth the expensive price of the alarm system, the installation, and the routine check-ups. It is also a good idea to check with your insurance company to make sure that the deduction in your premium that they are willing to give you is worth the expense of the alarm.
The insurance company is also likely to give you a lower premium if you are willing to pay more whenever you file a claim. For most plans, people are required to pay the first fifty dollars of a claim, but this amount can be changed.
You may also want to check with your insurance company to find out whether or not your insurance company will give you a discount for living in a neighborhood watch area. Do not be surprised if they will not offer you a deduction because these deductions are being offered less and less.
The number past claims you have had also impacts the size of your premium payments. The more you have had, the higher it will be.
Likewise, the fewer you have had, the lower your premium will be. In some cases it may be better to pay for a loss yourself instead of risking a higher premium.
Age is also an influential factor in the determination of your premium. Studies have shown that the younger a person is, the more likely it is that you will make a claim.
Some insurance companies offer discounts for their clients who are over a certain age. However, your age is not something that you can change at will.
You can take an active role in lowering your premium and helping your family save money, while still protecting them from disaster by taking action on a few of these tips. You can control the amount you will pay on insurance.
by: Ronald Pedactor
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