|
|
|
Critical Illness Insurance - Critical Or Ridicule?
Critical illness cover (CIC) is a type of insurance which provides a significant one-off payment if you are diagnosed with a specified life-threatening condition - specified being the important term, because if your illness isn't in the terms and...
How Is Your Auto Insurance Policy Price Determined?
The average auto insurance policy price is derived from a variety of factors. Many of these variables are common knowledge and make sense for the most part but it’s always a good idea to refresh yourself with what insurance companies are looking for...
How to Lower Your Auto Insurance Premiums
People invest a good share of their hard earned money on
material assets such as house, automobile etc. So it is quite
essential to secure these things and therefore get them insured.
Auto insurance is akin to health insurance. Just as the...
Lack Of A Health Insurance Policy Invites Financial Disaster.
In 2003 health care spending rose four times the rate the
inflation. The annual premium for an employer health plan
covering a family of four averaged nearly $10,000. The cost of
medical care continues to rise at the fastest rate in history.
...
The Smartest Way to Buy Auto Insurance (Part 1 of 4)
The Smartest Way to Buy Auto Insurance (Part 1 of 4) Look at a Lot More Than Just COST, Because Comparison Between Companies is Meaningless Without Research on These Three Topics for Each Company You Are Considering: 1.complaints filed with your...
|
|
| |
|
|
|
|
|
|
| 
How to Reduce Home Insurance Premiums
Here are some useful tips on how to reduce Home Insurance premiums.
Home insurance, also known as Household Insurance is a policy designed to cover your home and if applicable its contents against the possible risks.
With most aspects of household insurance, the premium is based upon factors over which you have no control. The location of the property, its age, the value of its contents are all fixed and there is little that you can do about it.
There are three factors, however, that can make a large difference to the insurance premium and that you can affect directly. The three factors are: the amount of the voluntary excess, the security features of your home and your claims history. Listed below is a breakdown of the three factors:
Voluntary Excess
If you make a claim the insurer will expect you to pay the first part of the claimed amount, this is known as the Excess. Because the insurer insists that this is paid for each and every claim it is known as the compulsory Excess.
Most insurers are happy to provide a discount on the insurance premium if you are prepared to pay a larger part of any claim in other words, accept a larger Excess. Because this decision is up to you it is known as the voluntary Excess. The amount of any discount will vary between insurers but is generally in the region of 5% to 15% depending upon how much you are prepared to accept.
Security
All insurers want to reduce the number of theft claims and one of the most effective ways of achieving this is for you to ensure that your home is properly
secure. Because security is so effective at reducing theft most insurers are prepared to reward you with a reduction in premium.
The insurer will define the type of security that they require in order to qualify for a discount but for most companies there are three particular security measures which count; good quality locks on windows and doors, a professionally fitted and maintained burglar alarm and membership of an approved Neighbourhood watch scheme.
Unfortunately, some householders are already in a high risk area, for example many city centres, and the insurers may insist that certain securities are in place before offering cover. In these cases, of course, no security discount will be applicable.
Claims discount
Just as with Motor Insurance it is now common practice for insurers to reward those who have not made a claim in preceding years. The level of discount varies from one insurer to another however 5% to 20% is now common and the amount is increasing.
To ensure you are getting the best possible Home Insurance deal, shop around, evaluate and compare all the appropriate policies that provide the cover you require. Think about policies in terms of price, coverage, excess, flexibility and the reputation of the insurer.
You may freely reprint this article provided the author's biography remains intact:
About the Author
John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.
|
|
|
|
|
pet insurance
farmers insurance
homeowners insurance
term life insurance
cheap auto insurance
travel insurance
cheap car insurance
medical insurance
car insurance quotes
cheap insurance
motorcycle insurance
insurance sample cancellation letter
house insurance for llc's in oklahoma
affordable health insurance
american family insurance
fort bend county ''home insurance rates''
cheap health insurance
auto insurance quotes
title insurance
travelers insurance
business insurance
health insurance quotes
renters insurance
automobile insurance
17 year old car insurance
whole life insurance
individual health insurance
insurance company ratings
discount auto insurance
affordable auto insurance
unemployment insurance ontario
mail handlers insurance
texas insurance
low cost health insurance
top rated auto insurance companies in united states
employment insurance canada
cheap california auto insurance
usa insurance
an insurance policy with bodily injury coverage covers
average monthly cost for health insurance
disability insurance
car insurance for teenagers
why is car insurance so high for teenagers?
car insurance rates for teenagers
demo auto insurance
cheap car insurance for young driver
long term care insurance
how much is car insurance for a 16 year old?
farm insurance
florida insurance
Average cost of car insurance for a teenager
car insurance for woman
car insurance quote
insurance cost for 17 year old
individual dental insurance
mortgage insurance
glossary of insurance terms
mortgage protection insurance
budget car insurance
classic car insurance
california insurance
contractors insurance
Signup for free news, tips and special offers:
|
