Both automobile and homeowner insurance have risen substantially in my area over the last year. My agent tells me this is due to more people (percentage-wise) filing claims combined with an increase in cost for repairs, replacements, and materials. (We know first hand the increase in cost for materials from last year when we put a new roof on our house.) When I opened our latest homeowner insurance paperwork a month ago I was flabbergasted.
I went through the details thoroughly and found two errors. I phoned the agent and asked to have these corrected, plus I asked her if there was anything further we could do to lower the premium, We went through our coverage and the details of our home that affect the cost of insurance. She, then, corrected the errors I found and submitted our current information to the underwriting department. While I was recovering from my surgery, she took some time to refigure various changes to our policy. This week she presented me with the options.
With the errors corrected and altering our coverage slightly, we were able to shave about $2000 off of the annual premium! That's a substantial savings. All because I thoroughly looked through the details of the policy and then asked what else we could do to reduce the premium.
We've been loyal customers for many years. Our agent has been good about helping us in the past. I wasn't sure if there would be much more we could do to reduce the premium. But I asked, and she did her part.
What I'm saying is it never hurts to ask. The answer may be there's nothing they can do for you. But then again, there may be a whole lot they can do.
have a great weekend, friends!
No comments:
Post a Comment
Thank you for joining the discussion today. Here at creative savv, we strive to maintain a respectful community centered around frugal living. Creative savv would like to continue to be a welcoming and safe place for discussion, and as such reserves the right to remove comments that are inappropriate for the conversation.