TIPS FOR BUYING GENERAL INSURANCE

 It may seem confusing when it comes to dealing with insurance. Some of the tips that can help you are discussed below.

 1. Look into multiple insurance policy discounts. When you bundle your insurance contracts with one company, you will often get a discount of 10% or more. If you currently have home insurance with a company that you are satisfied with, contact them and get a quote for auto or life insurance. You may find that you will get a discount on every policy.
 2. It may go without saying, but someone needs to put it out there. When it comes to insurance, just tell the truth! I heard a story about a guy who had his windshield shattered who did not report it to his insurance company for two weeks. In that two weeks he changed his policy to include zero deductible comprehensive so it wouldn’t cost him anything to fix it. Lo and behold the insurance found out! Can you guess where he is now?
 3. If you are an empty-nester moving to your new home, don’t take the risk of your hard-earned household items and valuables being damaged or lost in transit. Spend the money to insure your goods while they’re being moved to your new empty nest. Many moving companies offer such policies (Goods-in-Transit), and they are well worth the incremental extra expense.
 4. If you want insurance companies to deal fairly with you, then you must do the same for them. You might be tempted to pump up your claim or say you lost more than you did, but if you do this, you will add fuel to their concerns about claimant fraud and they are less likely to deal with you in an honest way. It’s the Golden Rule, once again: report your loss fairly and honestly, with all the details needed, and accept what appears to be fair value (if in fact that is what you’re offered).
 5. The wise consumer will take their own loyalty into account when comparing insurance companies. An insurer that has provided years of effective, reliable and trouble-free service should not be abandoned the instant a slightly cheaper alternative becomes available. It is quite likely that an insurance company that offers rock-bottom prices is cutting corners somewhere in the service they provide their clients.
 6. If you are a small business owner, you must make sure that you have all of your insurance needs covered, to protect you and your business. An All Risk insurance will be ideal and incase of professionals Professional Indemnity protects your business from customer lawsuits.

You want to do all that you can to learn about insurance. There is a lot of information available, but we have provided some of the most important tips. Hopefully we have provided you with enough information to not only give you a solid background, but also further spark your interest to become an expert in it.

 In summary, it is advisable to have an Insurance advisor in the form of an agent or a broker.An agent or broker will help you buy the insurance and will stand as an intermediary between the insured and the insurer especially in claims processing.

 For further advise on insurance send email to info@hillcrestprofessionals.com or call 08039286522