When faced with a new budget, we always think about where we can adjust and save. Thus, an important area in which you can avoid spending extra bucks is in insurance. What can we do to use fewer budgets than we allocate?
Currently, there are different types of policies adapted to the different needs of users. So certain tips can be followed that will prevent you from overspending.
First of all, you could find cheaper policies, but they have “less coverage than those you currently have contracted, which would no longer be interesting.” That is why it is advisable to know all the needs and establish a concrete comparison as the first recommendation.
Torre agrees on using “online comparators “when you are clear about what you need and make “a pre-selection.” By making use of this list of insurers, you can check it with your insurance broker, if you have one so that it “guides you in the final choice.” A task that, if we perform meticulously and carefully, “we can even do ourselves.”
On the other hand, insurance is usually a one-time payment. In other words, the premium is paid once a year. If we divide the payment so that a specific month does not crush us, we will pay “more for the same insurance.” Therefore, it is advisable to save every month “little by little” and pay what the insurance costs us at once. We will be able to save more capital in the long term, according to the expert.
If you want to reduce the price of insurance, Herrera says that it is very important to “put interest on your part.” If you install security measures to prevent damage to the object to be insured and you notify the company, it will “reduce the price,” for example. If you install an alarm or bars in your home, “you reduce the risk and, therefore, the price of the policy,” he specifies.…