Our homeowner’s insurance is up for renewal next month. I hadn’t received any notices or anything yet so I decided to call to see what our renewal rate was going to be. I had to leave a message and an hour or so later an agent called me back. She told me that she had been working on our policy this week and that she was working with the insurance company in trying to get some adjustments made. Apparantly our insurance company (Travelers) has changed its windstorm coverage, by raising the deductible to 2% instead of the customary 1%. For us that’s like a $4,000 deductible, which seems pretty high.
Anyway, our insurance agent told me that she was working on it and would have our premium details soon. Then she told me that she looked at our auto insurance and noticed that we were in a grandfathered plan. She told me that Travelers has a new program and that based on our records and credit rating she could get us more coverage at LESS COST per year. A LOT less! We are currently paying around $2,000 per year and the new rate would be somewhere in the neighborhood of $1,200 per year! A savings of $800 per year ($67 per month). That’s some significant savings!
I would have never known about any of this had it not been for our agent. Needless to say, I’m quite pleased.
Full Disclosure: The insurance agency of which I speak is partly owned by my father-in-law.