How a change in risk circumstances can help you reduce premiums
Home Renovations - Making certain changes to your home can improve its risk profile and therefore help lower your premiums. The addition of a drain pump, a non-return valve, a security system, a tankless water heating system, or the conversion of a gas wood fireplace can all get you discounts for your home insurance coverage. Certain renovations, such as retrofitting the heating, wiring or roofing, can have a positive effect on the risk profile of your home and can also lower premiums.
Home Use Changes - Remember to report if your home is occupied by fewer people. This may change your risk assessment and make you eligible for a lower price.
Modifying Your Vehicle - If you have added a security system or are using winter tires on your vehicle, these modifications should be reported to your insurance broker.
Changes in your vehicle use - Remember to report if your vehicle use has changed and your commute to work is shorter or you no longer use your vehicle to commute to work.
Business Activities - If you stop using your home or automobile for business purposes, this constitutes a change in the circumstances of the risk and should be reported to your insurance broker to make the necessary changes to your policy.
Valuable Items - If you have sold or disposed of high value items such as jewelry, artwork, collectibles, all-terrain vehicles, etc., be sure to notify your insurance broker so they can be removed from your insurance policy, if necessary.
Marsh Personal Services specializes in the design and placement of group auto and home insurance programs, as well as other optional benefits, and related services for more than 250 groups and associations. employers across the country. Marsh's Wealthy Personal Services Expertise Group is a leader in meeting the personal insurance needs of affluent individuals and families.
Offering personalized and knowledgeable service, Personal Services has been the leading personal insurance brokerage in Canada for over 50 years. Through more than 100 Canadian colleagues, we have helped thousands of clients choose insurance coverage that protects their personal property and protects them against liability risks.
This article is not intended to serve as advice for any particular situation and should not be used as a basis for doing so. The information contained herein is based on sources we believe to be reliable, but we make no representations or warranties as to its accuracy. Marsh is under no obligation to update this document, and assumes no liability to you or any third party arising out of this posting and any matter referred to herein.
إرسال تعليق