A recent survey by ACE Private Risk
Services found that wealthy families often over-pay for insurance coverage, a
trend that has worsened since 2010.
Families can manage, or even reduce, their
premiums by being proactive. Take control of your coverage by taking the
following steps:
·
Increase
you homeowners’ deductibles
·
Install
preventative measures such as burglar alarms and water leak detection systems
to earn safety credits
·
Bundle
policies with one carrier
·
Move
artwork and other collectibles from home contents to valuables coverage
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