8 Rules for Saving Money When You Buy Insurance

Rule 2: Buy the best from an A.M rated A or better insurer

Insurance companies went bankrupt they were bought and sold and they suffered the same financial hardships as all companies. Between 1989 and 1993 143 insurance companies declared bankruptcy. You want to choose a reliable company with a good track record.

Yes. Best is an insurance company monitoring service that rates the reliability of insurance companies. Look for insurance companies with an A.M rating of A or better. It’s a good idea to regularly check that your insurance company maintains its high rating. If your insurance company has dropped a notch consider finding new coverage company. You may get the A.M Best Insurance Directory at your local public library and you can find the A.M Best website at www.ambest.com

Rule 3: Shop Around

There are many types of insurance and insurance companies do not advertise by price. You’ll need to do some errands to match your needs with the cheapest policy. Start by talking to at least two brokers. Look for air freight insurance companies – companies that sell policies Open directly to the public without brokers charging commissions – as they usually offer cheaper rates.

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