Keep an Eye on Your Insurance Policies

Tinka By Tinka, 2nd Jan 2015 | Follow this author | RSS Feed
Posted in Wikinut>Guides>Money Saving Tips

Insurance policies are there to safeguard people from problematic situations that may occur unexpectedly. But who you may think is the best quite often turns out have taken advantage of you.

Insurance policy

After the house, the most expensive item a person will probably buy would have to be the car, Naturally the first thing that one is inclined to do, is insuring this important item against all possible accidents and other unwanted occurrences. This leads us to the next step which is to find reputable insurance, pay the premiums and relax by paying regularly in the knowledge that everything is being taken care off.

Do not be too trusting of Insurance Companies

Unfortunately, people who tend to have this trusting attitude or have a very busy lifestyle, tend to fall into the trap of being ripped off by the insurance company with continues increase in premiums. I am a prime example of this as I fit in both of the above categories.
Having been with the same Insurance Company for quite a few years I did not bother to investigate when the renewals arrived due to the fact that I had been quite happy with their services. Payments were automatically deducted quarterly from my account and I had accurate details of all my transaction. The only two times the car had to go in for repairs, these were done with the minimum of fuss, even though I had to pay for the hire car.

Be vigilant at all times

Eventually the time came to change my car for a new model, but this time I don’t know what made me look at other Insurance options. To my surprise I found that what I was paying, was far above what other reputable Insurances were charging. Not only were they cheaper, they were also offering better services; such as the loan of a car and my choice of car repair centre for less than what I was paying with my present Insurance Company: it goes without saying that the change was instantaneous. Having learned from this incident, as soon as the renewal for my house insurance came, I immediately began looking around: you guessed correctly I was paying more and getting less.

Shop around for better deals.

From this costly exercise I have now learned that when each renewal comes I shop around to see what other insurances are offering. Since I have a perfect record, I can negotiate the best possible deal. This does not mean that one must have a completely clean slate on claims but as long as no restrictions have been placed by the previous insurance, one is free to choose the best possible deal.


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Meet the author

author avatar Tinka
I am a secondary teacher of Italian and English and enjoy being in the classroom. As writing is one of my favourite hobbies, I like to write on different genres in a creative style.

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