It’s Like Playing the Lottery
June 30th, 2009 by Penny Hagerman
During tough economic times, paying your insurance bill may seem difficult.
But not paying it could be devastating.
Try cancelling that car insurance policy and you may soon find yourself facing huge fines, jail—or even losing your license.
Forego a homeowner’s policy and you’ll soon be hearing from your lender, who’s as invested in your home as you are and requires you to insure it to protect you both from disaster.
And what about that life insurance policy you’ve had hidden away the past few years? What would happen to your family if you decided to cash it in now and use the money to pay other bills—or take a vacation instead?
Because we never know if we’ll really need it or not, buying insurance is a bit like playing the lottery: As one man said, “It’s a gamble, but you have to have it.”
Are things tough at your house? If so, we understand. But during these difficult times, resist the urge to skimp on insurance. Instead, find other ways to save money so you have the provision you need when you need it.
It may seem like you’re playing the lottery; but if you ever need to file an insurance claim, you’ll feel like you’ve hit the jackpot!
[Footnote:]
To lower your insurance rates, let us help at InsureMe.com.
July 2nd, 2009 at 6:40 am
Raising deductibles is one of the ways many people are cutting their insurance costs these days. This too can be a gamble if you don’t have the money for the deductible in the event of a claim. If you’re disciplined enough to put the extra savings on premiums into a savings account, then you’ll have the money for the deductible, plus hopefully more.