GLASGOW, KY – In part 3/3 of this series on how to cut costs amid rising prices on just about everything, WCLU spoke with Jared Pursley of ISU Pedigo-Lessenberry Insurance Agency to talk about some ways to combat the inevitable rise in insurance costs. To begin, first an explanation of why the insurance rates have increased, from Pursley:
You hear it on national advertising campaigns just about everywhere, but according to Pursley, a veteran of the insurance business, bundling your home and auto and other policies will save a substantial amount of money, in most cases. If you’re worried about inflation costs in other areas of your personal, family, or business budget, Pursley said that bundling policies is the #1 way to find savings, as it relates to insurance.
There are also discounts available for upgrades such as a new roof, a new HVAC system, or even upgrading to modern plumbing. One efficient option to reduce your monthly insurance bill would be to increase your deductible. Pursley explains why this option is something to look into:
Pursley also commented on filing claims, saying that if a policy holder could absorb the cost of a small repair, rather than file a claim, it would usually help the rates on the policy in the future, barring no other factors.
As WCLU concludes this series on how to cut costs, we hope you found this information beneficial if you didn’t know it, already.
