Why Punish Your Household For That Policy?
Some families end up suffering for certain insurance policies because their parents had not consulted widely enough or taken certain factors into considerations before they allowed themselves to be swooned into an unprofitable deal. And you can easily guess who suffers for such ineptitudes.
But if you don’t want yourself or your immediate family to suffer for the above, here are some things to put at the back of the mind:
1. Your family will attract great insurance rates if you allow them to often treat themselves through self drug medication. Or where the family uses drugs that have not been certified by appropriate authorities as safe, you will attract very high rates. This is because you are actually endangering your family health and it will certainly boomerang on the insurers.
2. You should note that while it is easier to offset your premiums monthly, it does not really pay you in the long run. You certainly end up paying more in some other way. This is because whenever you issue monthly checks to cover your premiums, you also incur administrative charges that will be taken out on you as they accumulate. But you could give your bank a standing order to offset the premiums as they fall due or even use electronic mode of payments to settle them.
3. While it is very ok and even commendable that you are paying very affordable rates on your policies, it should be noted that quality and real value should not be sacrificed at its expense. It is sometimes better to add up a little to rates where quality and value are the main menu than to pay cheap for a bunch of policy craps.
4. Certain lifestyles like smoking, racing and doing drugs will only help you on the trail of being billed for your excesses. All these are indulgences that make you a high risk to be insured and insurers view you this way, hence the high rate they slam on you to protect their backs.
5. Why allow your beloved family to suffer untold hardships because you are gullible enough to swallow the rates of an agent hook and sinker? You need to cross check on the rates given you by any agent and you could even obtain direct quote rates from quote sites. You only need to compare the best rates vis-?-vis the quality value they promise to render under the policy cover.
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