Cut insurance premium costs: CWSotW
Save money on insurance premiums with some nifty resources from the Maryland Insurance Administration.
With everyone trying to reduce their cash flow, it might be a good time to review and renegotiate fixed costs, such as insurance premiums.
At Maryland Insurance Administration Web site, which we feature today as our Consumer Web Site of the Week, you'll find ...
... consumer guides for auto, life, homeowners and health insurance. They also provide a comparison of auto and home insurance rates and information on how insurance companies react if you are late with payments.
For example, auto and homeowners insurance companies can cancel your policy if you are even one day late, whereas health and life insurance policies have a grace period under Maryland law.
There's also a review of ways to shave $$$ off your premiums, including ensuring you've check out possible discounts for being a good driver or having low mileage or being a multipolicy account.
Plus, the MIA points out that homeowners insurance only covers your home --- not the land value. But, you should have enough coverage so that if your house is destroyed, you can rebuild it ... which can be a different number than the average selling price in your community.
