15:59 04 March 2013
Seniors and retirees are not really looking forward to taking out home insurance every year, as it can be pretty expensive, especially for these people who do not usually have huge monthly incomes.
If you’re one of them, let me tell you that you don’t have to worry. There are simple things that you can do to lower down your premium. These are the following:
•Talk to your broker. You’ll be happy to know that most insurance companies are more sympathetic to seniors and retirees who are taking out home insurance policies. So, when making a purchase, let your broker know that you’re a senior or a retiree. If you’re on a fixed monthly income, make sure to tell him or her that as well.
•Show proofs that you’re more unlikely to make a claim.If you’ve had home insurance for several years before and haven’t made a claim because you take good care of your house, tell your broker. If an insurer sees you as someone who is very responsible and who is more unlikely to make a claim, they will not hesitate to give you a lower premium.
•Get only the coverage that you need. Determine your specific needs and only buy the coverage that can address those needs. Do not spend money on coverage that you may not be able to use later on.
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