How To Save On Your Georgetown Homeowner’s Insurance
Homeowner’s insurance typically covers you against fire, theft and other damage to your home and personal property. Homeowner’s insurance also covers your liability in case someone gets inured on your property. Everyone likes to save money on their Georgetown homeowner’s insurance. But many people assume that saving money equals less coverage. That is not so. Here are some simple things that you can do to save money on your homeowner’s insurance without compromising coverage.
Homeowners insurance Savings
Stop smoking. There are over 8,000 smoking related fires every year in the U.S.
Fix the plumbing, roof, or wiring. If you live in an older home, updating these items can reduce your premiums and improve the value of your home.
Do not put in that pool. Having a pool can be fun, but it increases your personal liability and homeowner’s premiums.
Install a home security system. Home security systems can reduce your premiums and add value to your home.
Increase your deductible. Did you know most people never have a homeowner’s insurance claim? Why not increase your deductible and save money!
Let us shop the market for you. We have access to many markets that can offer competitive homeowner’s insurance premiums.
Many insurers give locality discounts.
Why Consider Life Insurance
According to the latest information, most people do not have enough life insurance. Only 6 out of 10 people have even considered life insurance, and many who do have life insurance don’t think they have enough. 70% of households with children say they are just barley meeting needs. But what would happen to those families if income was lost due to the death of a spouse?
Over 80% of people over-estimate the cost of life insurance. In reality, life insurance is very affordable and provides your family with financial peace of mind upon your passing.
Benefits of Life Insurance
- Payment on Debt – If you have any outstanding debt (like a mortgage) at the time of your death, it does not go away. Your estate will still be responsible to settle all accounts.
- Continuation of Income – Life insurance can provide the funds to replace your income upon your passing. Family income will certainly diminish, and there’s a very good chance that your family will experience a lower standard of living.
- Unpaid Medical Expenses – It is highly likely that you will have medical expenses prior to your death; some of which may not be covered by health insurance. Adequate life insurance proceeds ensure that these final expenses are well taken care of.
- Funeral Expenses – Most people don’t plan, or fund, their funeral expenses; again life insurance is there to help.
If a business owner has family members who depend on the income from a business, which might not continue if he or she were suddenly gone, the proceeds from company-owned life insurance could help replace the lost income and help protect the family’s quality of life while they adjust and move on.
Source: LIMRA’s Life Insurance Barometer Study 2013