Insurance Tips

We are all looking for ways to save money. Saving on insurance is one way to make a difference. Becoming familiar with a few basic insurance facts and discounts can help to keep some more money in your pocket and ensure you are properly covered.

Account Bundling

Automobile insurance in Massachusetts is now based on managed competition. This competition is advantageous for the consumer as the companies fight for your business. Insurance companies now offer up to a 15% discount on home and auto policies for having both policies with the same company. Bundling accounts together with one provider is a smart and easy way to save on your annual premium and also offers the ease of dealing with one insurance company as opposed to several.

Raising Your Deductible

Home insurance is there to protect us when the worst happens. Filing several small claims can eventually result in non-renewal and higher premiums. For those who can afford to absorb small losses, raising your deductible is one way to create an immediate effect on your savings.

Proper Replacement Cost Figures

Homeowner’s insurance rates are based on the replacement cost of your home- what it would cost to rebuild your home. Making sure that you have accurate coverage on your home can eliminate your chances of being over or underinsured. Be sure to alert your agent to any changes on your home or exposures.