Echard Insurance Agency, Inc.   

Home > More Info > Insurance 101 > Insurance Check-Up

Insurance Check-Up

It's time for your insurance check-up.  You see commercials several times a day for the big insurance companies, promising that you can save money by switching to their policy.  Before you make that call, there are a few things to check on.

  1. Check your Deductible
    If you have a $100 or $250 deductible on your homeowners insurance, you might want to consider increasing it.  By switching to a $500 or $1000 deductible, you will send a signal to the insurer that you are will and able to spend more of your own money on the small things that happen.  Policyholders at Rockingham can save 10-35% by increasing their deductible.  On an average homeowners policy, that can be between $50 and $150!
  2. Check your Discounts
    If you have multiple policies with the same company, you should be getting a credit.  At Rockingham, we will give you a 15% discount on your home and a 15% credit on your auto for having both with us.  This is 30% off your total insurance cost! (About $70 on the average home policy and $225 on the average multi-vehicle auto policy)
  3. Check your Details
    Is the information on your policy correct?  Have you done any renovations in the last few years that are not reflected in your policy coverage amount?  While changes may actually increase your rate, it will make sure that you have the right amount of insurance for the home you live in now - not the one that you spent all of that time and money fixing.