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40 - Insuring Your Home

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Manage episode 364899371 series 3000580
Content provided by Consumers' Checkbook. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Consumers' Checkbook or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Most homeowners pay too much to insure their houses. They waste money on worthless optional coverage—or worse—stick with the same insurers year after year without checking if lower premiums are available from other companies.

The potential savings from making a switch are dramatic, and you don’t have to sign up with a poorly rated company or get a bare-bones policy to get a better deal. Checkbook finds that some homeowners will save more than $1,500 a year by switching companies.

Yes, shopping for insurance is a bit of a pain, but the potential savings make it well worth your time to request pricing information and evaluate potentially wasteful coverage.

In this episode: How much coverage do you need, and how do insurance companies set their rates? Also, why Checkbook believes insurance companies should be prohibited from using credit scores to set premium prices.

Read Checkbook’s full report on homeowners insurance.

--- Support this podcast: https://podcasters.spotify.com/pod/show/consumerpedia/support
  continue reading

67 episodes

Artwork

40 - Insuring Your Home

Consumerpedia

11 subscribers

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Manage episode 364899371 series 3000580
Content provided by Consumers' Checkbook. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Consumers' Checkbook or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Most homeowners pay too much to insure their houses. They waste money on worthless optional coverage—or worse—stick with the same insurers year after year without checking if lower premiums are available from other companies.

The potential savings from making a switch are dramatic, and you don’t have to sign up with a poorly rated company or get a bare-bones policy to get a better deal. Checkbook finds that some homeowners will save more than $1,500 a year by switching companies.

Yes, shopping for insurance is a bit of a pain, but the potential savings make it well worth your time to request pricing information and evaluate potentially wasteful coverage.

In this episode: How much coverage do you need, and how do insurance companies set their rates? Also, why Checkbook believes insurance companies should be prohibited from using credit scores to set premium prices.

Read Checkbook’s full report on homeowners insurance.

--- Support this podcast: https://podcasters.spotify.com/pod/show/consumerpedia/support
  continue reading

67 episodes

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