I want to discuss some miscellaneous insurance products. You will find that you have some hidden insurance costs that can be eliminated and put more money in your pocket to reduce your debt.
Insurance purchase
Insurance is provided at the time of purchase to cover service contracts provided for the maintenance of mobile phones, electrical appliances, automobiles, etc. First, the goal is to search your purchase and loan documents to find and cancel your unnecessary insurance. One of my life examples is my grandmother, who bought a washing machine from a big store and paid for the guarantor for 20 years! She gave her service call "free", but paid 5 times for the washing machine! Your second goal should be to habitually buy high-priced Shantou insurance, regardless of sales.
Insurance attached to loans
There are many names for this type of insurance: credit life insurance, credit disability, mortgage life and fee protection. These extended warranty periods are attractive because if the manufacturer's warranty expires, this extended warranty will cover your repair needs. There are restrictions, conditions and loopholes in the rules. This is a potential plagiarism. Usually, the service contract is prepaid, so the dealer can get your money long before you need it. You may end up paying 40% more on your car! The list not covered is very long. Check the rules and see for yourself.
Cancel the extended warranty and get a refund. You can do this by writing a request and including important information such as the loan number and date of purchase. Request a refund, or ask for one or more payments at the end of the loan, equal to the amount of the unused portion.
Flight, accidental death, student accident insurance
Don't waste your money on these policies. If you need life insurance, please purchase a lifetime. No matter how you die, it will pay the price, and the dollar to the dollar is a better value.
If you die in a plane crash, flight insurance will pay. Excessive professional insurance is a waste of money. If you need life insurance, the purchase period, no matter how you die, it will pay, and the dollar to the dollar is a better value.
If you die or become ill in an accident, free accidental death and dismemberment insurance usually pays around $1,000. It sounds like you have nothing to lose, but by accepting this report, you are experiencing endless sales promotions, telemarketing and direct mail, trying to sell this worthless report to you.
The student accident insurance policy offered through your child's primary or secondary school is usually $30 per hour for school time insurance, and the all-day insurance fee is approximately $150. Professional insurance like this only pays for certain accidents, usually secondary insurance, and only pays for your regular medical insurance. You can't collect the same disease twice, so basically insurance is part of your deductible, a big financial taboo.
Hospital compensation
Hospital compensation pays you a certain amount each day - if you have to stay in the hospital, it is usually about $100. Premiums run for a few hundred dollars a year. Appropriate health insurance should cover hospital costs, so you don't have to pay extra for it.
I hope that you can take the insurance strategy I have been sharing with you and combine them to create a comprehensive, low-cost insurance plan. A typical family of four can easily pay up to $6,700 with countless obvious logical insurance options. By applying the strategy I share with you, my typical customer reduces insurance costs to $2,030, which saves money. If you like my regular customers, you can save $4,610 and then you can redirect it to your accelerator. Focus fund.
I strongly urge you to apply all of the insurance policies I share with you now. Get at least 10 quotes from 10 different insurance providers. Transfer your insurance coverage to "A rated" to provide you with the lowest premium insurance. While this may be a very time consuming process, the savings will be well worth the time.
Save your savings immediately to your Accelerator Focus Fund and support your debt and financial freedom!
Orignal From: Insurance slimming
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