We find that selling and advising on renters insurance or any other kind of insurance is perceived by some clients to be something of an adversarial relationship.
We understand this point of view – insurance policies are perhaps unnecessarily over long and complex, and there are plenty of chances for “gotchas” if you don’t work with an expert. But just because we’ve studied the business and committed our collective lives to protecting people, does not a conspiracy make.
There is not a single piece of knowledge that we wouldn’t gladly share with anyone who wanted to know it. There are no hidden secrets, and even the “esteemed” Mr. Kevin Trudeau would be unable to find evidence of the same, or more open alternatives. With that, we present Insurance Tips “They” Don’t Want You To Know About…
You Can Buy Insurance Anywhere, Not Just From Your Landlord Or Mortgage Broker!
Many people feel pressured to work with the recommended provider suggested by their landlord or mortgage broker. There is no obligation of any kind to do that. Generally, a recommendation is just that: a suggestion that you may work with that insurer, and that they have advance knowledge of the requirements of your landlord or lender. That’s advantageous, but by no means creates a mandate for you. You’re required to buy insurance, you’re not required to buy it from any particular company, so long as it conforms to the requirements.
Paying In Full Is Cheaper Than Paying Monthly – Often Substantially
That’s fairly common knowledge. What’s not common knowledge, however, is the fact that you can still save some money by simply paying ahead. Billing fees normally go on each bill that’s mailed to you. Let’s say you pay three months up front. Then you pay another month sometime in the next four weeks. You always stay ahead of the bill. Since premiums are billed as they are earned, if you never owe money for the current period, you’ll never get a fee for the bill being sent from most insurance companies!
Liability Is Cheap – Buy Lots!
It’s easy to get sued for something minor and ridiculous. That doesn’t change the fact that the suit will be for an insane amount of money, often six figures as a minimum. When the difference between $100,000 and $500,000 of liability is just a dollar a month, there’s no reason not to carry as much liability as your insurance provider will offer. It costs practically nothing, and studies show that juries view people more favorably when they have higher limits – they’re perceived to be more responsible and less likely to be negligent.
These are just a few of the insurance tips “they” don’t want you to know about. If you’d like more, spend some time on our website or give us a call. We don’t hide money saving secrets, we want you to save money. We want insurance to be a blessing, not a burden to be borne. As the insurance experts for renters, we’re always happy to answer your questions in a transparent fashion.