Have you ever asked an ignorant friend for advice of insurance? You want informed, helpful advice to assist you in making important decisions on insurance. There are many self-touted experts on the world wide web, and you need to be able to weed out inaccurate information. The tips in the following article will provide you with helpful information.
Much like car insurance or health insurance, having a higher deductible can save you money on your premium. The downside to all of this, is that if you have a small claim to make, you will most likely have to pay for the entire repair out of your own pocket.
When filing a claim with your insurance company, be proactive about getting updates and information about your claim status. If you simply wait for the insurance company to tell you how much they owe you, you could be in for a very long wait. As they say, the squeaky wheel gets the grease.
Don’t try to inflate the value of your car or truck. All this accomplishes is raising your premium. In the event that your car is written off or stolen, the insurance company is only going to pay the market value of your car at the time of the incident.
Make sure you get insurance to cover work-related property when you have a telecommuting or independent contracting job. If you work from home, your rental or home owner’s insurance policy does not cover work-related items such as computer equipment used for work so having a separate policy protects work-related property from theft or damage.
If you are moving, be sure to check with your moving company to see what kind of insurance they carry. Most moving companies just have a “per-pound” policy on all contents. This might be alright if you just have fairly ordinary, large furnishings; however, if you have very expensive furniture, artwork, lots of electronics or other items that may not weigh much but are valuable, you should ask your insurance agent about supplemental moving insurance.
Many insurers offer bundled packages across multiple lines. Motorcycle and car insurance can usually be bought at a fixed rate. Insurance companies usually offer discounts if you have your car insurance and your residential insurance such as homeowner’s or renter’s insurance policy with them. However, you need to ensure you’re buying the insurances you actually need.
You need to explain exactly what happened during the accident if you want the insurance company to respond in a timely manner. Send pictures of the damaged objects. Don’t lie or try to scam insurance companies, because you can get in trouble for this.
If you have a home and a car, insure them through the same company to get major savings. Most insurance companies offer multi-policy discounts, meaning the more different policies you have registered with their company, the less you will pay for them overall. It is also more efficient to pay your bill.
In conclusion, you need to be careful of who you are taking advice from about your insurance. Clearly-presented, factual, information is invaluable when you are looking to buy insurance. Hopefully, the tips laid out here are more than helpful for you.