Wednesday, May 21, 2014

Insurance Spring Cleaning - Tip #2 Make sure you aren’t overpaying to be underinsured


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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