When it comes to auto insurance, many drivers purchase a policy when they buy their car and then never think about it again—short of paying the premiums and changing out their insurance cards when the policy renews. Unfortunately, failing to review this insurance on a regular basis can lead to you spending more than you need to on your premiums. Here are a few of the key reasons why you should review your auto insurance policy carefully at every renewal.
Landlord insurance is a necessary expense once you have invested in rental properties. However, you don't have to pay an arm and a leg for the coverage. Here are a few tips to help you secure inexpensive landlord insurance for your property.
Maintain the Property
Maintain your property to reduce the risk of damage. For example, a storm is more likely to damage a poorly-maintained roof than a well-maintained one. Proper maintenance reduces your insurance carrier's risk exposure, and the insurer may reward you with low premiums.
Having the right coverages and amounts of homeowner's insurance is vital if you want to fully protect your home and everything you own. To make sure you have enough coverage, you should contact a homeowner's insurance agency to speak to someone about your needs, and the agent you speak to might discuss the following three important types of coverage you might need.
1. Coverage for all the structures on your property or storage units
Running a business from home is a feat that so many aspire to do. When you are trying to really grow that home business, there also needs to be some semblance of separation. If you work from home every day, it's easy to either get casual about your work or find it difficult to relax in your own home when you aren't on the clock.
The remedy to this problem is carving out a space for your home office that feels like a real office and is only for business purposes.
Auto insurance companies do not just look at your vehicle when determining your premium; they also look closely at you as an individual and a driver.
#1 Your Age
Your age has a big impact on your insurance rates. Teenagers and young adults face higher insurance rates, with the magic age to start getting an age-related discount at being 25. That discount for age will not last your entire life. As you start to advance in your years, you may start to see an increase in your premium again, as older drivers are considered a little bit more of a risk to insure than middle-aged drivers.