The Rural Voice, 2000-01, Page 37affordable e.g. liability or loss of life.
One of the most under -used ways
of managing your insurance premium
is to reduce the chance that the
insuring company will have to make
a payment. This can be accomplished
by reducing your risk or increasing
your deductible.
When insuring property
assets, install items like
smoke and heat detectors,
install a security system, properly
maintain your property by removing
potential hazards like overhanging
ice, slippery sidewalks and steps, etc.
No -claim clients are charged lower
premiums.
Insure only items that are at risk.
When evaluating your property for
insurance needs the value should be
for items that may need to be
replaced, not the total value of your
assets.
The next time you contact your
agent, have a frank discussion of the
ways to reduce costs and maintain a
level of coverage that you can accept.
Considerable premium savings can
be achieved, while maintaining a
desirable level of coverage.
A good agent will present several
products that could potentially, meet
your needs. Within these products,
there will be several options that
affect the potential payout and
premium. A good service-oriented
agent will ask several probing
questions that will help uncover
factors that will influence the risks,
as well as look at the asset being
insured, to evaluate appropriate
coverage and offer the "best deal".
Service:
An "over the phone" agent may
not realize that you have specific
assets that must be mentioned in
order to purchase adequate insurance,
such as a fixed piece of shop
equipment in a building. Other items,
such as the proximity to a hydrant or
fire station, may be overlooked when
setting the premium during a phone
conversation.
The service-oriented agent will
spend some time discussing how the
level of the deductible will affect
your coverage and premiums.
Increasing deductibles from $250 to
$5,000 can result in savings of up to
37 per cent for business insurance
and increasing vehicle deductibles
from $l00 to $1,000 can result in up
We do more
than provide insurance.
e're your nei bows.
We see each other at the supermarket, on the street or in the park. Our
children play on the same teams as yours. We work for the same good
causes. Our people are part of the community—and we're here to stay.
We think that's important to you when you need insurance.
People you know. People who care.
264 Huron Road, Sebringville
393-6402 or 1-800-263-1961
%(utualI, urancc Company
www.downiemutual.com
A.
A Member 01 The �'1
Ontario Mutual Insurance Association
STABLING MANUFACTURER
We Build On Our Reputation
• Constructed from 1p9 wall tubing
• 6 or 6.5 ft. stalls available
• Special lengths available on order
Vandepas Welding
R.R. 2 Kenilworth, ON 519-848-6537
Call for the dealer nearest you.
JANUARY 2000 33