Choosing The Right Health Insurance PlanChoosing The Right Health Insurance Plan


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Choosing The Right Health Insurance Plan

Hello, my name is Eric Coleman and I've written this blog to inform others about health insurance. Purchasing this type of insurance can be confusing, but it is very important that people know exactly what their insurance policy covers. When I was ready to purchase my health insurance, I didn't have any idea about what type of coverage I needed. Before I visited an insurance agent, I did hours and hours of online research to learn insurance terms and to find out about the kinds of policies that are available. The insurance agent also answered my questions so that I would fully understand what I was buying. Since getting the right health insurance is so important, I decided to write this blog to help others understand what type of policy they need and what is covered.

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3 Things You Can Do To Save Money On Your Homeowners Insurance Without Cutting Coverage

If there is ever any serious damage to your home, having a comprehensive homeowners insurance policy will be extremely important in helping you to cover the cost of making the necessary repairs. Consequently, you will never want to cut your coverage just to save a few dollars each month on your insurance premiums. Thankfully, it is possible to still save money without needing to cut your coverage in the process. The three tips below can help you get started on the path to lower insurance premiums. 

#1: Choose A Higher Deductible For Your Policy

While you do not want to eliminate coverage for specific perils, you can choose to raise the amount of the deductible you pay in order to save money on your premiums. If you are worried that a higher deductible is going to cost you more in the long run, you should know that most homeowners actually save money by choosing a policy with a higher deductible. The reason for this is that you do not file claims against your insurance policy on a regular basis. In fact, you may find that you go several years before needing to file a claim. While you will need to pay slightly more out of pocket when filing a claim, you will be able to save on your premiums every month leading up to this claim. The combined savings will typically outweigh the extra money you spend on a deductible.

#2: Install A Professionally Monitored Alarm System

A break in or vandalism at your house can easily result in an insurance claim. Installing a professionally monitored alarm system can help to greatly reduce the chances that your home will be targeted by these criminals. Consequently, the risk of your filing this type of damage claim will also be reduced. In order to reward you for your efforts to keep your home safe and minimize your risk of damage, most insurance companies will offer a discount on your homeowners insurance policy for as long as your alarm system continues to be actively monitored. 

#3: Buy All Of Your Policies At Once

Most people will require both homeowners and auto insurance. You may also wish to purchase other insurance products such as life, motorcycle, or boat insurance. Choosing to purchase all of these policies at the same time through the same insurance provider will typically qualify you for a bundle or multi-policy discount. The amount of this discount varies from company to company, however, this truly is a great way to save money without needing to pay for anything more than the insurance coverage that you already have anyway. Look into homeowner's insurance for more information.