Understand Your Needs

• In order to purchase an insurance policy that truly fits you, you must first understand your needs. Review your assets and capture a clear understanding of what type of coverage or coverages your need. If you have the need for more than one policy, you might consider purchasing all the coverage through the same carrier and/or agent. This will provide you with multi-line policy discounts that can provide very attractive premium amounts.
  
  

Understand Your Coverages

• Before you purchase your policy, make sure that you understand the coverages in which you are agreeing. If you are purchasing a liability policy, make sure that you are aware of the amount of liability coverage you have and what it will protect. Often times, liability coverage can insure you against more than just someone's personal injury. Personal property protection, inland marine coverage, life insurance, all types of insurance comes with their own types of coverage and requirements. Speak with an agent or representative if you have questions or concerns about the coverage. Make sure that you have an ample amount of coverage to protect you against any excessive claim.
  
  

Seek Competitive Prices

• Insurance rates change regularly. It is important that you know that you have the best coverage with the best price. Surely, you want to make sure that you are insured by a financially sound carrier, however, this should not stop you from seeking the best prices. Before renewing your policy, check around to ensure that you have the most competitive price. There are many sites available that will allow you to obtain competitive insurance quotes, one of which allows you to do so by completing just one application. It may be possible that you can get the same coverages or better coverages for less than your current premium. Also, know that you can cancel your policy for a replacement policy at any time during the policy term. You are not required to maintain the policy if your find something better. Should you cancel midterm, your policy will be pro-rated and you will be refunded any unearned premium in which you have paid.