Why Waste Your Heard Earned Money On Insurance?

 

Do you feel that spending a lot of your hard earned dollars on insurance policies each month is unnecessary? Would you not rather be spending it on something you can actually see, feel or take pleasure in? Or would it not make a lot more sense to spend that money on your monthly bond repayment, your grocery shopping or your kid's institution fees?

Sure, getting insurance coverage is essentially like placing a bet - occasionally you win, from time to time you lose, there are no guarantees. Insurance is probably the only product ever acquired where both the customer and the vendor hopes that the product will never be used! Think about it logically - you don't want to have to claim from your insurance, because that would mean that you have been involved in an accident or an incident, and the insurance provider doesn't want to settle a claim because. well, because that would mean spending money!

With the amount of things which require insurance, shop around until you get a cheap insurance policy which will nevertheless be comprehensive enough to take care of you if the need arises. Not all insurance providers and products are created equal, make sure that you compare as many quotes as possible (3 is a good minimum, but nothing is stopping you from getting 10 or more quotes!)

One of the simplest ways to locate a cheap insurance policy is to log onto the web and look for one of the many insurance provider portals. These portals typically cater for the products and services of a number of insurance providers and by completing your details once, you'll be getting up to 5 quotations from 5 different companies. This takes a lot of trouble out of acquiring insurance - you can forget phoning one company after the other or staying on the line for extended periods.

Remember that the competition between different insurance providers is fierce! Simply turn on the television - which adverts are screened during the prime time slots? Insurance adverts! Tune into your favourite radio station - who usually sponsors the news or other important radio slots? Insurance providers! And who advertises on the inside cover of your regular magazine? You've guessed it, insurance firms! These companies will do almost anything to secure your business. Thus, if you really want to work with a specific insurance company, don't hesitate to inform them that you've received a cheaper quote with a different company. Chances are that they will match or even beat that quote!

Having an insurance broker is also an easy way to get your hands on a cheap insurance policy. Because brokers don't work for a specific insurance provider, they will have access to a wide range of options to select from. And since brokers are usually experts in this field they will know where to get the most cost effective policies with the greatest cover. You will possibly not have this much success when attempting to obtain a good insurance offer on your own - why not trust an expert to assist?

In summary - even though it's not fun to pay your insurance premiums, it is incredibly important! Do not take a chance, who knows when you might land in hot water and require help!