Insuring the home against catastrophic financial losses, such as fire and storm damage, is a common practice for Americans. In fact, mortgage lenders typically require the homes they hold as collateral to be adequately insured as a way for them to protect their financial interests until the loan is paid off. According to recent information provided by the insurance industry, nearly seventy million American homes are covered by some type of home insurance.
Unless your home is paid for in full, homeowner's insurance is a requirement from your mortgage company. Even if your mortgage is paid off, it's still a good idea to protect your investment and keep from having to pay out large sums for repairs after catastrophic events or to replace valuables. If you want to keep costs down, there are ways to lower those payments. Here are seven tricks to reducing your homeowner's insurance premium.
You wouldn't drive a car without it being covered by an auto insurance policy or own your own home without a homeowner's insurance policy to protect it. As a freelance writer, however, there's a good chance you're working without a business insurance policy to protect you when times turn tough. Many freelance writers go without business insurance because they either have no clue it exists or they think they don't need it.
Nearly everyone must carry auto insurance. In some states, it is required by law to have to have some sort of insurance. However, too many people just get a quote from an insurance provider, like the price and sign up with the company without asking some important questions first. Here are some things you should be asking before you commit to your auto insurance:
1. What Is My Deductible?
Having really inexpensive auto insurance is great, but in some cases, it does come with a price.
If you are paying too much for auto insurance, you're not alone. Whether it is due to your credit rating or driving record, shelling out hundreds of dollars a month for car insurance can definitely be frustrating. However, if you are willing to make some changes, you may be able to cut your costs.
Here are five ways to lower your auto insurance rates.
Take a Defensive Driving Course
If you have a lot of points on your driving record, your insurance company may consider you high risk and charge you more money for auto insurance.