Archive for May, 2018

Homeowner Insurance Policy Savings by Paul Ferraresi

*When you have property damage like plumbing or roof leak do something. Don’t let a small leak do more harm to your home. It is your responsibility to mitigate problems. Insures can refuse to pay for a loss you could have prevented.
* Insurance companies offer discounts for improvements that make your homes a better risk. These can include indoor sprinklers, smoke detectors and dead bolts. Contact your agent as you can be missing out on great discounts.
* Inform your agent about upgrades. Examples are new plumbing and electrical systems, or, burglar alarms. One client did upgrades and cut yearly premiums by $400.
* Think twice before filing a claim especially if it is less than $1000 above your deductible. The premium increase after a few years will be greater than the amount of your claim. The purpose of this type of policy is to cover a catastrophe not every nick. If you file 2 claims in a 3 year period you are sure to get a rate hike or they may even drop you completely.

WHEN YOU NEED CASH QUICK Recommended by Paul Ferraresi

People are always looking for quick ways to bring in cash. Here is an article from Jean Chatzky that may help you.

http://www.aarp.org/money/budgeting-saving/info-2017/get-cash-quick.html