Quote:
Originally Posted by Michael G.
I read somewhere that once a year when your insurance policy's come due, you should always review your policies with other companies to seek cheaper rates.
Now I been with XYZ company going on 8 years, and there isn't 12 months goes by without them raising my 3-group policy's total premiums by $10- $20 and more in any given year, (auto, home, and umbrella).
Ok, yes, I realize there's inflation, fires, floods for insurance co. to pay for, but is this normal procedure for insurance Co's to treat long time policy holders.
If I switch to other Companies with cheaper rates for now, what's not to say in 12 months, the same thing will happen, rates go up.
Am I better to bite the bullet and stay put?
I need some guidance here people.
Cheers!
|
In addition to your property & casualty insurance policy review, I suggest you also look at your health insurance policy for benefits and premiums (if any) changes.
The Annual Enrollment Period for Medicare (65 and older) is October 15th through December 7th with changes going into effect on the 1st of the year.
The Open Enrollment Period for ACA Marketplace (Under 65) is November 1st through January 15th.