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Why Reducing Risk is Vital for Your Family

Here’s a 10-point checklist for how you can save money on your insurance premiums by reducing the risk in your life.

Homeowner’s Insurance

  1. Install a security system in your home. Many insurance companies will give you a credit on your premium if you have a security system installed in your home.
  2. Think twice about trampolines, diving boards, water slides, or other hazardous things on your property. You may think that trampolines and slides are fun, but many insurance companies see them as a red flag when it comes to a liability claim.
  3. If you own a dog, there are many breeds that could raise your rates. Before buying a dog, check to make sure the dog you are considering buying isn’t on that list.

Auto Insurance

  1. Increase your deductible for comprehensive and collision coverage. This could help lower your premium.
  2. Buy a car with high safety ratings. A car with a lot of air bags, ABS, and anti-theft systems should warrant lower premiums from insurance companies.
  3. Drive safely! The more accidents and tickets you get could affect the cost you’ll pay for auto insurance.

Life Insurance

  1. Maintain good health. Non-smokers, moderate drinkers, and those that exercise and eat healthy will pay less for health and life insurance. This could help you save thousands of dollars over the long term.
  2. Stick with strong carriers and products that meet your short and long-term objectives  There are many different types of products and many have new features and benefits that were not available just a few years ago.
  3. Periodically review your life insurance program with your agent.  Insurance products change and evolve and your personal situation may change.  Review this important coverage at least annually or whenever you have a major change in your life.

Risk Reduction Education

  1. Educate your family and especially your children on risk reduction.