HUB International Offers Tips on How to Save on Homeowners and Auto Insurance

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Cutting costs in today's economy should not include eliminating insurance coverage. There are a number of ways to control personal insurance premiums without assuming undue risk or increasing one's financial exposure.

Obtaining the proper insurance coverage for a good value starts with consulting an insurance broker who has national access to experts in the areas you need coverage

Cutting costs in today's economy should not include eliminating insurance coverage. There are a number of ways to control insurance premiums without assuming undue risk or increasing one's financial exposure.

HUB International offers the following general tips on how to save on homeowners and auto insurance..

1. Ask for periodic updates. Like a financial advisor, an insurance broker should know the details of one's personal and financial circumstances so any changes in status are reflected in insurance coverage. For example, a broker may suggest increasing deductibles in order to decrease premiums.
2. Consolidate policies with one insurance company. Many companies offer discounts for multiple policies. Start by purchasing homeowners and car insurance with the same company. When a new need arises, contact the same broker for those policies first. Avoid duplicating coverage. For example, towing coverage may not be necessary if that service is already available through membership in an automobile club.
3. Look for specific discounts. Premiums can be decreased if individuals have good credit, have a home security system or are a non-smoker. Additional potential discounts are listed on http://www.hubinternational.com/savings.
4. Maintain a good driving record. Driving safely will help maintain a preferred rate. Share all safety features of one's automobile with one's broker for maximum credit and remember that premiums are set by the value of the vehicle. The more expensive the car, the more expensive the insurance premium will be.
5. Consider home improvements. Homes with maintained foundations, water heaters and roofs can qualify the owners for reductions in their premiums.

"Obtaining the proper insurance coverage for a good value starts with consulting an insurance broker who has national access to experts in the areas you need coverage," said James Kane, president, HUB International Personal Insurance. "Insurance brokers -- unlike insurance agents -- work for the client, not the company. Our job is to look for the best comprehensive combination of service, coverage and price."

Working with a broker who has access to products from multiple carriers, a strong pulse on the local market, and knowledge of coverage options is critical to ensuring consumers get the best service and price possible. Start by getting a thorough, professional recommendation from a licensed insurance broker who can identify insurance savings. For more information, visit http://www.hubinternational.com.

Headquartered in Chicago, IL, HUB International Limited is a leading North American insurance brokerage that provides a broad array of property and casualty, reinsurance, life and health, employee benefits, investment and risk management products and services through offices located in the United States and Canada.

This information is provided for general information purposes only. It does not constitute professional advice and does not create a broker-client relationship. Please consult a HUB advisor about your specific needs before taking any action.

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