February 2022

24
Feb

The 411 on Buying Home Insurance

Purchasing home insurance is an important decision. Whether you have just bought your home or are looking for a policy that better suits your needs, there are many pertinent things to consider. Check your policy at least once a year, and you will have a better idea of when you might need to change it.

It’s Common Sense

Having a good homeowners insurance policy is simply common sense. Without insurance, you would be responsible for paying for any damages caused by storms, fire, or other perils out of pocket. With the right coverage, most types of loss or damage will be covered aside from your deductible.

Know What You Need

Before you buy a policy, you will need to know how much insurance your home requires. Make a list of your possessions and know the value of your home. Then, consider what it will take to replace your items or rebuild your home, and purchase sufficient coverage to take care of everything if an unfortunate event occurs.

Take a Good Look at Deductibles

A lower deductible will result in higher monthly premiums. If you want lower monthly premiums, you will want to increase your deductible. Your agent will be able to break things down so you can make a better decision.

Replacement Cost or Cash Value

When it comes to your home, it will normally cost more to replace your home than when you first built it. You can opt to buy coverage that will cover the cash value of your home right now, or you can cover it for what it would cost to replace it. Replacement costs will be more expensive, but it ensures you will have enough to rebuild your home.

Look for Discounts

You may be eligible for discounts. Bundling your home and auto policies will qualify you for a discount, as will installing a home security system or outdoor lighting.

Know Your Coverage

Know what perils your policy covers. If you live in an area prone to flooding, hurricanes, and earthquakes, you may not be sufficiently covered if you don’t have additional coverage for each of those perils.

Before you buy your next homeowners insurance policy, call the agents at Abatelli Insurance Group, Inc. We can help you get the right coverage for your needs.

10
Feb

What to Consider When Looking to Lower Your Car Insurance Premium

Car insurance costs are always on the rise. If you want to keep your monthly premiums low, it’s important to speak with your insurance carrier first. Switching policies too often can lead to carriers penalizing you. However, bundling your insurance policies is an easy and effective way to save on costs. Utilizing the expertise of an insurance agent when shopping for auto insurance, is the best way to keep up to date on your policy terms and conditions.

Circumstances Change

Circumstances change for all of us. Teenagers need to be added or removed from your policy. You may have purchased a new car or sold the one you no longer needed. Even small events can have an impact on the price of your car insurance premiums.

Look For The Right Deal

While many of us are constantly looking for ways to save money, its important to make sure that when you find a good deal, it isn’t because you have to take a cut in your coverage. That’s not a deal, that’s a trade-off, and it can cost you in the long run. Look for types of coverage you may no longer need. If you no longer have a loan on your car, you may be able to drop your coverage down to collision or PL/PD.

Know What Discounts You Are Eligible For

Every insurance company offers discounts. A few good examples are a safe driving discount for those with no tickets or citations and a good student discount for teens who maintain a good GPA. Talk to your insurance agent, and you may be surprised to find out what discounts you are eligible for.

Check Your Credit Score

Check your credit score. You may qualify for lower premiums as you pay off old debts and improve your credit score. Check your credit score frequently and look for ways to improve it. A good credit score indicates less risk and can result in lower premiums.

If you think you may be paying too much for your auto insurance, call the agents at Abatelli Insurance Group, Inc. We have several discounts that you can apply for and will be able to find the perfect policy for your needs. Contact us today to learn more!

COVID-19 Update

We are no longer working remotely. You can reach us at (718) 352-6000 Letter to Policyholders