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15 Jan Saving Money While Being Fully Insured Short-Term– That Is Our Goal

Posted at 11:26h in Short Term Insurance by

How do you save money while still maintaining comprehensive short-term insurance? What about avoiding being overinsured or underinsured? Do you need insurance at all, or is it just another unnecessary monthly expense?

Let’s say you live in a high flood-risk area. Your neighbour doesn’t trust insurance companies and says they do the bare minimum and are just an unwanted expense. Instead, he invests in his own sort of premium, stored in a savings account.

You do trust insurance companies. Every month, you pay a premium that insures your house, life, and health.

Then, it’s winter, and both of your houses flood.

Houses not saving with insurance flooding.

Your neighbour is devastated to find that his savings don’t cover nearly enough of what he needs for the flood damage. You submit a claim, and after some time, your house’s integrity is restored, without incurring any debt, unlike your neighbour.

Moral of the story: it’s better to invest in insurance, even if you don’t know if or when you’ll use it. It’s better to have and not use it than to not have it and need it. It allows you peace of mind.

So, we know we need insurance. But how do we save money while paying insurance premiums? Is it possible?

Yes! Here’s how.

How To Save Money While Being Fully Insured

We’ve made it our mission to find insurance that pays out while offering low premiums. Even better, we eliminate the need to shop around for trusted insurance companies–we only work with reputable and qualified insurers that fit your budget.

Make Smart Choices About Insurance

Compare Quotes

It’s a good idea to shop around for competitive rates by comparing quotes, and even consider niche insurance providers. You might also consider adjusting deductibles, opting for bundled plans, & negotiating discounts.

Sound too much like hard work? Trust the Credit Boost team of insurance experts to compare, negotiate and find the best quotes and premiums for you according to your budget.

Create Financial Discipline And Good Habits

  • Identify essential insurance. For most people, this includes health insurance, car insurance, or house/renter’s insurance. Don’t overinsure.
  • Analyse other risks. Do you own valuable electronics or jewellery? Do you often travel?
  • Review existing insurance. Are you paying for any coverage you don’t need?
  • Factor insurance costs into your budget. It’s also a good idea to set up a monthly debit order to avoid late fees. Don’t skip payments– and if you absolutely must, always let your insurance company know.

Seek professional advice

Consult a professional advisor or insurance broker, like our team at CreditBoost, to create an insurance plan that pays out and offers low premiums while offering comprehensive coverage.

All in all, it’s 100% possible to save money while being comprehensively covered.

Be sure to compare quotes, negotiate rates, and not skimp on essential insurance. Get in touch with an expert now for insurance help.