BUSINESS

How a Combined Deductible Can Help You Save Money.

Julie would have saved $500 if she had insured both her home and car with an insurance company that only charges a single deductible.

When both her home policy and her car policy are required to pay for a claim. They instead paid their two deductibles, which ended up costing a lot more.

There are a couple of cash saving tips with protection. The first occurs prior to filing a claim, when you examine the amount you pay for policy premiums;

The second occurs after filing a claim, when you examine the actual amount you will receive. Preferably, you figure out how to do both.

One covert way to maximize the amount of money you will receive from an insurance payout and put yourself in a better financial position is to know

When your deductible will be waived and include this information in your decision to purchase insurance.

You can also save money by insuring yourself with a single company and eliminating multiple deductibles in a claim that affects both your home and your car.

Also Read  D of the Federal Reserve Act: By AMY FONTINELLE, Updated September 30, 2022.

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