1. Obtain a quote from an independent insurance agent. Independent agents represent multiple insurance companies so finding a great fit for you and/or your family, as it grows will be an advantage.
2. Consider increasing home & auto insurance deductibles to keep rates lower and deters you from reporting small claims.
3. Ask your agent if the she/he provides a coverage "check list". Often times, the check list will reveal needed coverage.
4. Lowest rate isn't always the best option. You get what you pay for.
5. If you own a home, inquire about roof coverage. Some carriers are stingy when it comes to paying roof damage claims.
6. Double-check water back-up coverage limits. It's costly to clean-up/repair a basement due to water damage from sump pump failure.
7. Auto liability limits of $250,000/$500,000/$100,000 (and matching uninsured motorists coverage limits) is the recommended minimum.
8. Did you finance your cars? If so, inquire about GAP coverage. Some lenders include GAP in your loan/lease but it's expensive compared to the GAP coverage offered by an insurance company.
About The Author: With over twenty-five years experience, Pat Thompson, CPCU, is a respected veteran of the property and casualty insurance industry. His commercial lines underwriting experience and independent agency ownership make him qualified to properly mitigate risk of any business.