The whole concept of personal insurance revolves around protecting the assets of an individual from financial loss due to an unpredictable event. The reason that we purchase personal insurance is to protect ourselves from financial disasters. We rely upon the insurance company to take on the risk in exchange for the premiums that we pay. The average consumer spends very little time thinking about insurance purchases.
There is a simple principle that can be applied to almost all your property and casualty insurance purchases that will save you premium dollars. Self-insuring is that principle. The smart insurance shopper eventually grasps the concept of self-insurance. The whole idea around self-insurance is using deductible options and eliminating unnecessary coverage. The days of the $100 collision deductible for an auto insurance claim is fading fast--and it should. A higher deductible saves you premium dollars. That is what we call “self-insuring.” When you change your deductible from $100 to $500 you are taking on the risk for the first $500 of physical damage. You can do the same thing with your homeowner’s policy, and you will lower your premium and still be covered for any major loss.
You will save a lot of money in the long run by not paying the insurance company money for services they may never perform. You will save thousands of dollars by keeping your deductibles $500 or higher.
There are many optional coverage’s in auto and homeowner’s insurance policies that you may want to eliminate to save money. We can perform a personal insurance review to determine if you are over-insured or underinsured .
Our goal is to protect you and your family from those unexpected events by finding the right coverage at an affordable rate. If you need Auto, Home, Umbrella or any other personal insurance coverage, we can tailor a package to fit your individual personal insurance needs.
Heaton Bennett Insurance is an Independent Insurance Agency, which means we represent many different carriers so we can find the one that is right for you and/or your business. Leave the work to us.