Tuesday, February 10, 2009

Shopping for Insurance

by Jenny Sutton

Many people, when insuring new items, stick with their insurance company that insure all their other posessions. This may cause problems since the buyer is not looking at competitive rates. For example, when a person needs to insure a boat, it is easy to have the same company that insures your home and cars to be your continued provider. While this may be the best rate, to be sure, a person should always look around.

First, if there are any precausions to lower insurance, such as a boat safety course, it should be taken to receive a lower price. Next, one should get a quote from their provider, then be proactive to find competitive rates. This may take awhile, but being honest and firm with competitors, a person may find a cheaper rate. With that in mind, it is possible to find lower rates on all possesions covered under insurance.

The most important thing the buyer needs to realize is the limits to which he or she needs to be insured. Without knowing what kind of coverage is acceptable for the time, then providers can easily persuade opinions and convince a person to spend more on needed coverage. While this process may take time, it is crucial for a buyer to shop around for insurance and to resist calling their current provider. Many times this seems as a safe and easy way, but may end up costing more in the end.


1 comment:

  1. Excellent. I agree that one needs to be aware of all the facts about the insurance and the policy that one is opting. Sometimes agents may overcharge them by convincing them those points that are not covered in the policy. So one must be prepared in advance by reading about insurance over the internet or from their friends who already faced such kind of situations.