How Can I…?

Save on insurance on my property…?

The drawing below, from MONEY magazine, shows what I already had learned in a citizens police academy course in my city, some four years ago.

Because, whether this sounds like madness or not, the fact is that our properties have decreased in value in the last two years, and insurance has only gone up. That has happened only in the last five years.

Now take a look at the picture below and see what you can do at home to lower the costs of insurer by at least 20%.

And also, according to the editors of Money, if you follow the plan of action below you could save hundreds of dollars.

And this is the plan of action:

* Check your report regularly, called – CLUE (Comprehensive Loss Underwriting Exchange). It details your last “claims” and that you do on: www.choicetrust.com. Errors in this report may result in more expense to your pocket.

* Increase your deductible. Going from $250 to $2,500, can reduce the insurance of a house worth $300,000 by $400 per year.

* At least once every two years, do price comparisons between insurance companies.

1 – Join your house and car insurance with the same Company (and save on average $400 annually)

2 – Install deadbolts locks. ($100 savings)

3 – Renew the electrical conduit and heating. ($450 per year)

4 – Install hurricane proof windows and reinforce your roof against hurricanes. (You will save on average $500)

5 – Install alarm against assault and against fire. ($400 more per year in your pocket)

(Source: the editors of Money Magazine)

Don’t count on your insurance agent to volunteer information that he give you a discount. Those who save most… are those who ask.

The greatest proof is here by my side: and he is very wise with what he makes, Mr. Man Slipper Socks! Who paid off our house completely, not in 30 or 15 years, but in 7. And this is exactly what he does.

Filed under: Information

Like this post? Subscribe to my RSS feed and get loads more!