Saving Money
While we at Ranew look at the cost effectiveness of an insurance program, price alone does not achieve a value proposition. The cost of an insurance policy is the result of our effort to meet all the qualitative factors in structuring a program unique to a customer’s needs.
Some Tips to Assist in Reducing Your Homeowner’s Premium
- Understand that your homeowner premium is directly based upon the value of your home.
- Have your agent explain a few loss prevention methods that can reduce your premium. Having your home prepared for a hurricane utilizing wind mitigating techniques can reduce premiums.
- Having a monitored alarm system can reduce cost.
- Evaluate the amount of deductible you can comfortably afford. The difference between a 1% and a 5% wind deductible can be considerable.
- Paying your premium in a timely manner and avoid making frivolous claims will assist in maintaining reduced premiums over the long term.
- Many insurance companies offer renewal discounts to existing policyholders. Ask us if your company offers such a discount.
- Maintain your property in order to continue with the appropriate discounts.
Tips for Reducing Premiums for Your Business
- Practice a few “risk management” techniques which we can explain.
- Maintain your property and equipment.
- Put some form of “loss control” program in place.
- Always obtain “certificates of insurance” from vendors.
- Have written contracts.
Condominiums & Town Homes
- Current Appraisal
- Wind Mitigation Forms
- Inspections/repairs of A/C, Shutters, Hurricane Straps, Water Lines (Toilet, & Hot Water Heater), Window Caulking
We recognize that in these economic times, everyone is in a different economic situation. We are sensitive to such and we have something for everyone no matter their financial situation. Our responsibility is to assist you by putting an insurance program in place that protects your investment from catastrophe. Allow us the opportunity to assist you.
