How to Manage Your Insurance Costs | Guiding You Forward
Managing your insurance coverage correctly could mean saving more—and who doesn’t want that, right?
Insurance—no one wants to think about it, yet it could make a huge difference if or when you suffer a loss or injury. That’s why we love when Dennis Freire, CEO of Mountain America Insurance Services, visits our podcast studio. In this episode, we discuss how to better manage your insurance policies, which can help you maintain your financial well-being.
In today’s episode, you will learn:
Why insurance costs are going up.
How to better control your insurance costs.
How to become a savvy and informed insurance consumer.
The insurance industry is connected to broader economic trends—which means insurance companies are feeling the pinch of inflation just like everyone else. As costs for repairs and replacements continue to increase, Dennis explains how, in many cases, insurance carriers are “paying today’s prices at yesterday’s rates.” He discusses how this leads to increasing premiums and delays in fulfilling claims.
National, well-known insurance companies frequently use social media, television, and radio ads to promote how they can find you lower rates on insurance coverage than you currently have. But the lowest price advertised isn’t always what it seems. Dennis shares tips to be a savvy and informed insurance consumer, including the importance of getting an annual insurance review.
Managing your insurance coverage includes deciding what you do and don’t want to protect. Dennis shares a personal experience when he had to decide if an add-on insurance policy was necessary. He also advises on how to control your insurance costs, for example, by taking advantage of all discounts you may qualify for. Watch the full video for additional ideas on how to control your insurance costs.
Contact Mountain America Insurance Services for answers to all your insurance questions.
Insurance products are not deposits, not an obligation of and not guaranteed by Mountain America Credit Union. Insurance products are not protected by the NCUA, may be subject to risk and, in the case of life insurance, may go down in value. Any insurance required as a condition of an extension of credit need not be purchased from the credit union and may be purchased from an agent or insurance company of the member's choice. Insurance products are not exclusive to Mountain America Credit Union members. Business conducted with Mountain America Insurance Services, LLC is separate and distinct from any business conducted with the credit union. Mountain America Insurance Services, LLC is a subsidiary of Mountain America Credit Union.
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