March 16th, 2013

When dealing with insurance, how should you approach it? High deductibles or low deductibles? Why?

3 thoughts on “March 16th, 2013”

  1. Aaron says:

    A higher deductible lower your insurance cost substantially for the same level of coverage. This means you need to create an emergency fund that can be used to pay a large deductible. Many insurance sales people might try to create fear that you won’t have the deductible when you need it. If you have an emergency fund this isn’t an issue. Also many contractors will ask you what your deductible is so they can give you a quote that minimized your out of pocket expense.

  2. Mike Finley says:

    Well put, Aaron. The key point is to see insurance as a way of mitigating risk. You simply want to protect yourself from some major life catastrophe, not small incidences that pop up now and again. This means ratcheting up those deductibles which will lower the premiums dramatically. This can save you thousands of dollars over time.

    Just as Aaron stated, the emergency savings account should be used to deal with the small things in life and that includes the deductibles when the big things do come around. Be smart and efficient when it comes to insurance. Buy only what you need. Select a high deductible, and self-insure the rest. You can do it.

  3. Pingback: bonuses
  4. Pingback: vedonlyönti
  5. Pingback: eat stop eat
  6. Pingback: oren alexander
  7. Pingback: 網頁設計
  8. Pingback: Sports
  9. Pingback: adipex dosage
  10. Pingback: devenir rentier
  11. Pingback: payday loans 95823
  12. Pingback: empower network
  13. Pingback: venture capital
  14. Pingback: e-cigarette
  15. hookup says:

    Thank you writing this. I have been previously in search of this data. Fantastic details I am going to visit have a look at

  16. Pingback: click here
  17. Pingback: my sources
  18. Pingback: Ingrid
  19. Pingback: read what he said
  20. Pingback: buy ambien online
  21. Pingback: seo services
  22. Pingback: 5linx Reviews

Leave a Reply to Aaron Cancel reply

Your email address will not be published. Required fields are marked *

The Crazy Man in the Pink Wig