In response to the economic crisis this year, we know that the Federal Reserve dropped interest rates to historic lows. This inspired many homeowners to refinance and benefit from lower mortgage rates in the long term. But some homeowners may be overlooking another source of potential savings! Could you benefit from lower rates on your homeowners insurance?
Many homeowners obtain a policy, then mentally walk away; they never revisit options and rates. Obtaining homeowners insurance is important, but so are savings. Since rates fluctuate, you may be paying more than you should if you don’t periodically check your options. When homeowners have insurance costs deducted from an escrow account, they’re even less likely to review their needs and costs periodically. Are these potential savings out of your sight; out of your mind?
Like car dealerships and grocery stores, insurance companies often charge differently for the same products. Insurance companies also reevaluate their rates on a regular basis. Some may be increasing their rates to offset large payouts due to recent disasters, others may be lowering their rates or adding discounts because they want to win over new customers. Until you compare rates, you won’t know if you are getting the best price.
Want to Know if You Can Save? It’s Easy
In a time when most TMA members are looking at ways to cut unnecessary spending and set aside more for savings and investments, we believe you should have a simple way to find out how much you can save.
Now, through TMA Insurance Trust and MyLifeProtected, members can go online and enjoy straightforward answers and quality support. Get the transparency of an online quote engine, as well as the support of dedicated agents. Your coverage will be customized so your needs are met, and you’ll know that every possible discount is made available to you. And when you bundle auto insurance and homeowners insurance together, you could receive a member discount on your auto insurance and another discount for bundling your auto and homeowners coverage together.
Since the introduction of MyLifeProtected, members like you have been comparing policies and saving money on their homeowners, auto, pet and umbrella insurance. Click here to read the story of how one member saved thousands of dollars on his homeowners and auto insurance policies.
For over 60 years, TMA Insurance Trust advisors have been serving Texas physicians, their families and staff. TMA Insurance Trust prides itself on offering unbiased information and strategies to members, along with exclusive group rates on a range of the highest-rated plans in the industry.