V.F. McNeil has always made it standard procedure to help our clients take advantage of all applicable coverage discounts when choosing to insure with our agency. We spend the necessary time to review all pertinent information with our clients to determine where they can save, all with out compromising important coverage. Is it safe to assume this is a standard procedure no matter where you choose to insure? The following information revealed a rather surprising answer to that question.

A recent national survey performed by The Big “I” and Trusted Choice uncovered a much different scenario. Apparently, the survey asked home and auto owners if they believed they are taking full advantage of all the discounts they qualified for on their homeowners and auto insurance policies. More than 34% of respondents, representing 53 million households, admitted they are probably not taking advantage of all homeowners insurance discount or said that they simply didn’t know. Regarding auto coverage, more than 20% of car owners either didn’t know or said they were not maximizing all the car insurance discounts available to them. In addition, those who stood to benefit most from the discounts were mainly those who were not taking advantage of them. Nearly 38% of respondents with a household income of less than $25, 000 said they weren’t taking advantage of all possible discounts or said they were not made aware.

The survey also found that the largest percentage of respondents, about 26%, estimated they save 6-10% on their insurance premiums and discounts. In reality, many consumers could be saving significantly more.

For your reference, we wanted to share this “savings tip sheet” constructed by Trusted Choice and The Big “I.” Feel free to print it out and refer to it when considering your personal insurance needs. If you have any further question, always feel free to contact us at (203) 481-2684 or on our contact us page.

 

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