Insurance is hard for most people to understand. With health insurance, you want to balance your monthly premium with your deductibles, prescription drug coverage and co-payments. Read this article to learn more about how you can deal with insurance companies efficiently.
Before renewing or purchasing insurance, you may be able to save money by getting new quotes. Insurance companies don’t all use exactly the same criteria when calculating a premium. There’s a large variation in the insurance costs in between the companies. Do your research on a number of insurance companies; obtain at least three insurance quotes before you select a company.
Save money by buying all your insurance from one company. You can take advantage of multi-policy discounts, by purchasing your auto and homeowners policies from the same insurance company. Get quotes on individual services, and then compare them to bundled quotes to see which company offers the best overall deal.
Always document your claims and keep accurate records. This will make your claim experience smoother. Keep track of every conversation you have with the insurance company so that you have a timeline for the progress of your claim. Any conversations made over phone lines or in person should be followed up with written correspondence to get confirmations of anything you were told.
Filing a small claim, even if it would be covered despite your deductible. This can cause your premium to rise, which will cost you more than taking care of the small stuff yourself. Being claim-free for a long period of time can earn you discounts on your premiums at many insurance companies. Save your insurance coverage for true emergencies.
You have now the proper tools to select the right insurance for you. If you are already covered, you can ditch your ripoff of a plan and head to greener pastures.
