BudgetWouldn’t it be great if you could remove budgetary concerns from the insurance buying equation? Unfortunately, most families face a constant battle between their monthly income and their bills; on the other hand, speaking with your agent up front about budgetary concerns can help you and your agent better design the policies you do purchase. We’ve compiled a few tips to help you overcome your budget and find the right coverage to protect your family.

Obtain Several Quotes - By gathering multiple rate quotes you can review different coverage options, limits, and deductibles and how they will ultimately affect your premiums.

Adjust Coverage To Fit Your Budget – Start with every option you’d want, and work your way backward. You can change limits, deductibles and other coverage options until you find that magic number that keeps you covered and within your budget.  

Insurance premiums generally don’t change throughout the year, unless you change your coverage, so they are relatively easy to plan for. If you look at your insurance policy as a savings account in case disaster strikes you can see past only finding the right premium payment and focus on the coverage its self. Without the proper coverage, or savings, you could be left to cover repairs or damage out of your own pocket.  Your agent is there to help guide you to the right coverage options that fit comfortably into your expenses. They will be an invaluable resource while quoting and adjusting coverage options.

Check Those Limits – There is such a thing as being over-insured. Insurance is meant to make you whole after an insurable event and not to help you gain a profit. If it only costs $125,000 to replace your home and your limits are set at $175,000, you will not get an extra $50,000. Your premiums are partially determined by the limits you choose. When you choose a limit that exceeds the value of the asset you’re insuring, then you’re paying for a benefit that you’ll never receive. If you are concerned about how inflation will affect the power of your insurance benefits, you can talk to your agent about special riders and annual reviews that can help you compensate for this.

When you are ready to explore new Virginia Home, Business, or Car insurance options make sure you give us a call at Salzberg Insurance Agency. No matter how large or small your budget, we will find you an affordable policy that provides the protection you and your family need.

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