Cut Your Insurance Costs Without Sacrificing Coverage


or collision insurance since claim payments are likely to be less than what you’re spending on premiums and the deductible. Also, the National Association of Insurance Commissioners advises homeowners to make sure the amount they insure their homes for does not include the cost of land.

Think long-term when it comes to life insurance. If you’re thinking about surrendering a whole life policy for its cash value, consider borrowing against it instead, the III advises. Before you cancel any life insurance policy, talk to your insurance agent, Hampton says. They may be able to suggest options that can help you get through tough economic times without sacrificing your future.


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