Want to Save Money on Home Insurance? Be Aware of These 3 Tips

To the average American family, a home can be a great asset to have. It can be purchased at a price lower than the market price and resold at a higher markup after some modifications. Or it can be put up for rent, earning passive income over an indefinite term. It can even be sold after being lived in for a family’s lifetime at a decent price, since the market values of homes are almost always appreciating.

But homes can also easily become a financial liability. Purchasing a home does not exactly come at the same price as a cup of instant noodles. Therefore, if something were to happen to it, the financial loss could be crippling. This is where home insurance comes in.

Home insurance is a way to protect the financial investment of a homeowner should their home be damaged or destroyed. While this can be an added financial burden, there are ways to protect a home without breaking the bank.

Consider more than one provider

While there is an average asking price, insurance companies often provide different price points for home insurance. Any homeowner looking to save some dollars on their home insurance policy might want to consider getting a quote from more than one insurance company.

Talk to friends, family, even colleagues on who their providers are. Do research online; the National Association of Insurance Commissioners has resources that can help make the selection process easier. Shopping around can take some time, but it’s well worth the effort.

Bundle your policies

Protecting a home can be financially wearisome, especially if there are other assets that need to be protected. Insurance companies usually offer discounts for homeowners who not only take up a home insurance policy with them, but also get their auto or life insurance policy with the same company. Allstate home insurance quotes, for example, offer a multi-policy discount of up to 25% for homeowners who choose to take up both home and auto insurance with the company. This rate can vary from company to company as well, so again, feel free to shop around.

Raise your deductibles

It may seem counterintuitive to most policy owners, but raising the deductible can actually help lower the cost of having home insurance. For reference, a deductible is the money a policy owner pays out of their pocket when a claim is filed with the insurance provider.

Insurance companies can provide as much as a 25% reduction on the monthly premium depending on how high the deductible is raised. It’s also important to note that raising the deductible can be risky, especially if money equivalent to the new deductible isn’t readily available in your bank account; make sure money gets squared away through automatic savings accounts.

Getting home insurance, and maybe even insurance in general, might not seem like the most important thing to have given all the daily expenses that need to be taken care of. It is however, important to understand the consequence of not having home insurance, as it can lead to serious financial consequences in the long run. Getting home insurance at the most affordable price can be taxing, but getting the same quality of protection for your home at a lower cost is certainly worth it.

Surviving Unemployment: How To Live Without An Income (Temporarily)

Losing a job is one of the most painful experiences that professionals go through. It’s not easy to be told that you’re not needed anymore by your employer. It’s even worse when you’re told that you’re no longer good enough for your company. But that’s just the emotional impact that losing a job has on a person. Time and therapy heal emotional pain, but the financial impact of losing a job can pose danger to you and your loved ones if you aren’t prepared.

It can be difficult to come to terms with your new scenario, but you need to know that it’s a fact of living. Moving on is difficult, whether it’s from a significant other or from employment because you lose the sense of security you once had. But take heart in the fact that it happens more often than you think, and that most people are able to overcome it.

So, where do you begin?

Budget For A Six-Month Unemployment Phase

It’s always wise to plan for the worst. It’s difficult to determine how long you might remain unemployed. You could find a new job in a few weeks or in several months. Whichever the case might be, you’re going to be glad that you have resources that you can use when you need them.

Inform Significant People

Yes, your significant other and your friends and family are among these people you need to inform, but you need to expand that list to accommodate people you have financial dealings with, like your creditors. It’s difficult news to deliver, and you’re bound to get a negative reaction, but it’s not the end of the line for you, especially when you’re able to make effective use of these customer service problem solving techniques.

Informing these people is essential because this allows them to make necessary adjustments to suit your new situation.

Make Lifestyle Adjustments

Minimize expenses by foregoing unnecessary pleasures. You need to accept that you’re not going to be able to enjoy your old lifestyle if you no longer have the means to sustain it.

Make An Active Effort To Find a New job

Send resumés to probable employers, market yourself on the internet, use newspaper ads if you must. Securing a new job should be your top priority. Send 10 applications a day and keep searching until you get hired.

Apply For Unemployment Insurance

If things aren’t looking well, then you might need to apply for unemployment insurance. While I personally wouldn’t do this, it’s good to know that this is a valid option, especially when you’re desperate enough. However you need to be aware that there are conditions that need to be met before you can apply for unemployment insurance.

The primary condition is that the worker must have lost their job faultlessly, meaning that they did nothing that would cause them to lose their job. Therefore, employees who were terminated and those who voluntarily resigned do not qualify for unemployment benefits.

I’ll keep this last paragraph short in the same way that you need to keep your unemployment period short.

Treat unemployment like a transition rather than a problem. There are many people who go through it and end up fine. You shouldn’t be an exception to this, dear reader.

Boost Your Savings by Increasing Your Income

While we would all love to put some money aside in our savings for a rainy day, many people find this difficult. This is not because they don’t have the willpower to save, but rather because they simply don’t have enough money leftover each month to put aside in. This can create a problem if unexpected costs arise, or if you need to save up for something.

Fortunately, with today’s suburban lifestyle where most people have ready access to the internet, you can do something about the situation. If you are serious about saving, you can try earning more money online. In this article, we will look at some of the ways you can boost your income and save money with the help of modern technology.

Ideas for Boosting Your Income

So, what can you do to boost your income? Well, these days people go online for all sorts of financial reasons, like getting a loan, arranging commercial vehicle financing, and getting debt advice and budgeting. Another reason why people go online is to make money, and there are plenty of ways in which you can do this.

One of the things you can do to make some extra cash in your spare time is to use the skills you already possess. For instance, if you are a good researcher and enjoy writing, you could offer your services online to individuals and businesses looking for content writers. In today’s digital age, there are plenty who are looking for this type of service so you could make some serious cash. In fact, you could even turn it into a regular part-time or full-time career if it takes off.

If you have technical skills and you enjoy being creative, you may want to offer your services as a web designer in your spare time. Again, because of the age we live in, businesses are always on the lookout for good, affordable, and reliable web designers. If you can offer these qualities and you have the skills (or can learn), this is a great way to make some extra money. As with content writing, you could turn this into a part-time or full-time career, and you could work from a home office.

Finally, if you want to make money as a one-off to help boost your savings, you could sell items you no longer want or use online. Most of us have items that we do not use any longer, from DVDs and books to clothing, kids’ toys, furniture, and more. One man’s junk is another man’s treasure, as they say, so you could sell this online and make some money. At the same time, you can clear your home of clutter.

Get Your Savings Underway

No matter what sort of online job you choose, you can look forward to it as a practical means of generating more savings. You can then benefit from greater peace of mind, as you will some money put aside in case you need it.