In these uncertain economic times,
we are all looking for ways to save money.
In these times, it is crucial to ensure that your belongings are safe, and that there is adequate protection
when you need it most.
Here are useful tips to save more on your insurance.
Re-examine your insurance plans
Firstly, make sure that your insurance is in order, by going over what you have listed in your house, and the value of your belongings. It could be possible you may have taken out cover for something you may not own any more. All these nitty-gritties add up to make insurance premiums higher and eliminating them may save you money in the long run as a result of a reduced premium.
Understand and assess your excess payment
Excess is always the first amount you pay on a claim. In some instances, the higher the excess, the lower the monthly premium. It is always important to make sure that you understand your excess amount, as you would need to pay the full amount in the event of a claim. In addition, you could qualify for an excess waiver where you do not have to pay an excess amount when you claim. So, you should always search for cover that offers you the best options. This way, you can adjust your premium amount according to your budget.
Make sure your car is in a well-maintained condition
You can waste a lot of fuel and expedite wear and tear on your car by not doing proper diagnostics and maintenance on your vehicle. You may want to check your tyre alignment and pressure, coolant levels, loose parts, and oil levels, among other things to ensure everything is in good working condition. Many workshops will offer a multi-step check to see if your car is in a safe and well-maintained condition. This will save fuel eventually, as well as reduce the chances of potential mechanical failures and even accidents. This is something to bear in mind as we face petrol hikes.
Check your security systems at home
You sometimes get complacent about the things around the house we might not have paid much attention to. Things like double-checking that your security devices are linked to your service provider and that all keypads, silent alarms, emergency buttons, and sensors are in full working order. Ensure that your passcodes are active on all keypads, that everyone remembers the codes, and that your trusted family member knows how it all works. Keeping your home safe is paramount as this is your little piece of heaven in this big world.
Momentum Insure recognises that increased security lowers the risk of burglary or theft which in turn makes for competitive terms for theft cover. Another way for you to enjoy lower premiums that is a win-win is by increasing your safety at home. While safety measures such as CCTV cameras, electric fencing, burglar bars, and other measures can be a huge investment, you can recoup some of your money through lower premiums on your home cover.
Be safe in all situations
And finally, it is not too late to switch to healthy money-saving habits. There is much to be said for making sure you are as safe as possible in every situation. You can make sure your belongings are stored safely. For example, you can ensure that your handbags, and other mobile items are covered. Remember if you lose your valuables, it will cost money to replace if they are not insured. Keeping valuables in a safe place, will give you peace of mind and could save you money.
The fear of the unknown, as well as fear of financial instability is a real concern for most of us. By adopting these tips, you can live your best life while keeping confident on your journey to success.
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