Why Shopping Around for Insurance Can Save You Money

March 14, 2016
increasing insurance premiums

Can you relate to this?

Insurance experts recommend that apartment community and property owners shop around every 4-5 years for new insurance quotes.

But, why you might ask?

How else would you be able to make sure your current insurance rate is competitive with the market?

If it isn’t broke, then don’t fix it, right? Wrong!

That’s exactly what insurance companies want you to do! Most of the time, if you look, you’ll be able to find a better rate and save hundreds, if not thousands, a year in insurance premiums. You have to be willing to look, consider other insurance providers, and ask for insurance quotes.

When you’re insurance shopping, be sure to do these two things:

  • Use an insurance agent that specializes in apartment community insurance. This is a key point! Specialized agents, like Top Floor Insurance, will be well versed in what type, and the amount of coverage you need to properly protect your apartment community. Plus, insurance specialists will likely have an incredible amount of insider knowledge on how to score a great deal and other tips and tricks of the apartment insurance industry.
  • Increase your deductible. When you’re insurance shopping and getting quotes, consider increasing your deductible on your new policy. As a refresher, deductibles are the amount of money you have to pay when you file an insurance claim, before your insurance company will start to pay a claim on your policy. Increasing your deductible could translate into more cost savings on your insurance premiums. Generally, most Insurance companies recommend a $500 deductible, but if you can up it to $1,000, you may reap up to a 25% discount on your annual insurance premiums.

If you haven’t tested the insurance waters in a while, then the time has likely come! Shopping around for insurance rates, every few years, may seem like a daunting task.

You know…compiling mountains of paperwork, scheduling building inspections, and tracking down claim information.

But, looking for competitive insurance rates doesn’t have to be a chore!

With leading apartment community insurance companies like Top Floor Insurance the quoting process is amazingly EASY! Plus, there is no obligation to buy, and best of all we don’t need ANY paperwork to generate a fast quote within 24 hours.

If you’re ready for your hassle-free quote, click here and answer a few simple questions and we’ll get started on your quote. Or contact us directly at 404-266-3218 to set-up a free insurance policy review!