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Increase your deductible!

Increasing your deductible can make a huge difference to your homeowner s insurance premium. We have seen premiums halved by taking the maximum deductibles for both wind and other events.

It means that the policy is only good in catastrophic circumstances, but people are using the following reasoning: if a hurricane hits, the damage will be catastrophic anyway.

Some are confiding that in the event of evacuating for a storm, that they will leave all their windows and doors open, so that they can actually cash in on the homeowner s insurance policy!

Change the policy on your goods from Replacement value to Actual Cash Value (ACV)

Citizens calculates the replacement value of your goods by halving the value of your home. So if you have a $600,000 home, they assume you have $300,000 worth of goods inside it. What I did to reduce my premium was to specify I wanted actual cash value rather than replacement value in the event of a loss and subsequent cl (more...)

Social Security pays disability benefits to an eligible son or daughter from a parent s record if the child was disabled before the age of 19. If you are not eligible for disability benefits on your own record and at least one of your parents receives Social Security benefits, you could qualify for disability benefits and Medicare as a Disabled Adult Child (DAC). Here is all you need to know about this category of Social Security disability benefits.

Disabled Adult Child (DAC) is a special category of Social Security designed to help individuals that were disabled prior to entering the workforce. This classification does not mean that you are considered an adult child, simply that you were disabled as a child.

To qualify for DAC benefits you must be able to show that you were disabled prior to the age of 19. Your State will evaluate your disability to determine if you meet the disability requirements for payment. It should be noted that one of your parents must be currently receiving So (more...)