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“Self-Insuring to Avoid High Insurance Costs” by Mila Araujo

Mila Araujo was last updated on October 28, 2021.

Emily Ernsberger and Eric Estevez checked the article for accuracy. Check out all Self-Insurance: What is this?
When should a person buy their own insurance?

Self-Insurance: How does one pay for their own insurance?
Examples of Self-Insurance Uses Before deciding whether or not to use self-insurance, understanding what insurance is all about is helpful.

Utilizing a variety of strategies that will assist you in assessing your circumstances and determining whether self-insurance is suitable for you will help you save money on insurance premiums.

When you do not have a risk-covering insurance policy, you are self-insured.
Self-insurance is a good idea when people have enough money to cover a possible loss.

If you are unable to completely self-insure, you may want to set aside enough money to pay less for your auto or home insurance by increasing the deductible.

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