03 Mar Would You Do This Simple Step To Possibly Reduce Your Premium?
One thing YOU Can Do That May Help Reduce Insurance Premiums
An insurance premium is usually collected in monthly, semi-yearly, or yearly payments, depending on the type of policy and the payment plan you choose. If you fail to make a scheduled payment, the company can choose to cancel the plan entirely or continue it at a higher premium. If the policy cancels and you have a claim after the cancellation date, the claim would not be paid. The number of late payments a customer has had can also be used as a factor in determining your premium if you change insurance carriers. By paying your scheduled payments on time every time, you may be able to lower your premiums in the long run. Setting up automatic payments whenever possible is a great way to make sure you don’t forget.
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