No one likes paying for home insurance, but it’s a necessary evil for most of us. This doesn’t mean you have to pay through the nose for it though – try these easy tips for cheaper home insurance and see how much you could reduce your premiums by.
Let us shop for you
By comparing prices from several insurance companies, you’ll probably be able to reduce your premiums by a substantial amount. This may seem obvious, but research has shown that a surprisingly large proportion of people either just renew their current policy, or get only one or two quotes.
Combine your buildings and contents policies
Many insurers will give you a discount if you take out both types of home insurance with them, and this usually works out cheaper than getting the two kinds of policies from different companies.
Although most insurers let you pay your premium in monthly instalments, many will charge interest for this. If you can afford to pay a full year’s premium in advance, then this will work out cheaper in the long run.
Don’t claim for small amounts
Making many small claims can increase your insurance costs, as your insurer may see you as a greater risk and increase your premiums. You will also lose any no claims discount your policy has. Of course, you’re entitled to claim for anything your policy covers, but ask yourself if making a small claim is really worth the hassle and possible future costs.
Increase your home security
Beefing up your home security with better door locks, window locks, outdoor lighting, and alarm systems can all result in lower premiums. Ask your insurer what you could do to get extra discounts.
Reduce your coverage
Many policies feature benefits that you might not need, such as cover for personal possessions while traveling, or ‘free’ legal advice. Look through your policy and see what parts of it you really need – by cutting your cover down to size you may be able to reduce your premium.
Included in most homeowners, condo-owners, and renters insurance policies is coverage for the contents of your home. However, do you know how much coverage you would need if you had to replace everything in your house? Would you know what you had in each room of your home in the event of a claim? Would you be able to remember every item you have accumulated over the years if they were all gone? Recent survey results show 65 percent of homeowners have not made a list or inventory of their possessions.
Creating and updating an inventory of your personal possessions is one of the best ways to make the most of your homeowners or renters insurance, and it makes filing a claim easier and more efficient. If your home is damaged or totally lost due to a fire or other event, having a home inventory will help you recover all your personal property with the least amount of time and stress.
Creating a personal home inventory helps in calculating how much your personal property is worth. Knowing this ensures that you have an accurate value to insure. If you have too little coverage, you would not have enough funds to replace lost property, and if you have too much coverage, you are paying higher premiums than you need to pay.
How to Create a Home Inventory
Creating a home inventory is actually simple these days thanks to technology. Here are a few tips.
Create a digital record of every room. While you are videoing, describe each item and identify a replacement cost.
It may be useful to categorize clothing. For example, 10 pairs of men’s pants, 12 tee-shirts, 6 pairs of Nike shoes, etc.
Make sure you focus on high end items like jewelry, guns, computers and art work.
If you have expensive art or other items, it would be good to have it appraised.
Update the inventory from time to time.
Keep the inventory in a safe or at a secondary location. It can even be stored in the cloud.
We hope you are safe and healthy. We are living in different times and having the right kind of insurance is more important than ever
As our country continues to manage through the COVID-19 crises, we thought it might be useful to take some time to remind you of the importance of your personal insurance during this time. The coronavirus pandemic won’t affect your auto or homeowner’s insurance too much, but there are a few coverages that could be impacted because of the temporary lifestyle change.
Do not cancel your auto insurance just because you are temporarily not driving. Auto insurance is required by law. If you are looking for ways to save money on your auto insurance, give us a call.
If you are working remotely via computer, there should be no issues with your homeowners or renter’s insurance. However, this is true as long as there are no customers coming to your home. If you are running a business from your home, you will need business insurance. We are happy to help you with this.
If you have a claim, we are open, as are the insurers. Give us a call, and we will be ready to help you. Your policy has toll-free claim numbers to help you get the process going.
Many insurance companies are offering relaxed payment terms. We suggest you contact them directly if you feel you may miss a payment. Of course, you can always contact our office to assist you.
Be aware of credit card and cyber scams. Unfortunately, criminals have ramped up their efforts during this crisis. The fraud ranges from false claims of cures and treatments for the coronavirus to fake charities attempting to soliciting money to help those suffering.
As we all have so much time at home, now is a good time to complete a home inventory of your personal property. Creating and updating an inventory of your personal possessions is one of the best ways to make the most of your homeowners or renters insurance, and it makes filing a claim easier and more efficient. If your home is damaged or totally lost due to a fire or other event, having a home inventory will help you recover all your personal property with the least amount of time and stress.
The Neate Dupey Insurance Group had its beginnings in 2010 with the establishment of AMD Insurance Services in Scottsdale, Arizona.
Since then, we have grown to become a boutique independent insurance broking and risk management firm, supported by a large panel of national carriers, with clientele throughout the United States.
We occupy the niche between the big national insurance agencies and the typical suburban or captive agency. This makes us the ideal insurance partner for those clients seeking a combination of personal service and technical expertise. We focus on tailoring innovative insurance solutions for clients who require more than "off the shelf" financial services.
As a full- service insurance agency, our clients range from large multi-state enterprises, to small and medium business, along with residential home, scheduled personal property, auto, liability umbrellas and all other ancillary personal insurance products. When you form a relationship with Neate Dupey, you can rest assured knowing you will always be treated as an important client, and that your business or family's future will be fully protected.
If you are in search of Commercial Insurance for your restaurant, you may find it difficult to find competitive rates and coverage. Not so, if you are a client of Partners Insurance Services. We shop your insurance regularly, which enables us to provide the best possible combination of coverage, price and service. We offer competitive premiums, and quality coverage.
The best strategy in lowering your premium is to find the carriers that specialize in the restaurant industry. These companies usually offer broad coverage and are competitive in pricing. As an independent agent we search the market for you, finding the best possible combination of price, coverage and service. Remember, not all insurance companies are created equal. The more experienced and specialized the agent is, the better the chance you have of finding the best premium and coverage.
Other ways to reduce your restaurant premiums:
Combine all your insurance under a “package”.
Don’t nickel-and-dime your insurance company. If you file claims for every little thing, your rates may increase. Insurance is meant to cover unexpected large losses.
Consider your deductibles. By increasing your deductible you may save money.
One of the best forms of insurance is routine maintenance. Well-maintained property is less likely to have mechanical failures or losses.
Offer safety training to employees.
Start a safety committee to help reduce work comp losses.
Place all your insurance with one insurance company.
Seek advice from a qualified independent agent like Partners Insurance Services.
Investigate premium-reduction strategies such as inspections and security systems.
At least once a year, review your coverage for duplications or unnecessary coverage.
We are experts in the hospitality industry, and specifically restaurants. We have access to many qualified highly rated insurance companies. Call us today.
Everyone in society has a duty to take reasonable care that his or her actions do not injure others. The same rule applies to business entities. Not repairing a pothole in a parking lot, not lighting a dark stairway, failing to train workers how to do their jobs safely and legally or failing to provide directions for the safe use of a product can constitute negligence if a client, customer or member of the general public is injured as a result. The legal meaning of negligence is failure to exercise reasonable care.
If the parties do not agree to settle a liability lawsuit, there may be a trial. Or, the parties may agree to use some alternative means of dispute resolution, such as arbitration, and be bound by the arbitrator’s ruling.
The law of the state where the lawsuit is filed sets the rules for the determination of liability and damages. The amount of damages imposed in any particular case is, of course, in part a function of the economic losses the plaintiff can prove he or she has endured due to the defendant’s negligence. In some states plaintiffs may also be awarded damages for
Let Scottsdale & Phoenix Restaurant Insurance help you choose a policy that will fit your individual needs. Protecting your assets, whether personal, business, or both, is our goal. A well-chosen policy can lessen the impact of some of life’s most common, yet unforeseen perils. We’re here to help when you are considering Bar & Tavern coverage.