Monday, November 24, 2008
Saving by Cutting Insurance
You may think that a good way to save money is to cut down on insurance costs. In these times of economic unrest it can be tempting to cut spending to a bare minimum and hold on to as much money as you can. However you do need to be careful. Insurance is something that can potentially save you a lot of money and stress in the future or may just be a waste of money. It is a gamble as you may pay your premium each month and never make a claim, however having that peace of mind may be enough to make you think that it is worth it. Think about the insurances that you have and whether you have made a claim and also how you would feel if you did not have that insurance cover. You may feel that some insurance is more important than others such as car insurance is very important as it is a legal requirement and perhaps sickness insurance is less important as you never get ill. It is important to carefully weigh up the pros and cons of each different type of insurance, thinking about how it would effect you if you did not have the insurance, before you make a decision as you never know when you might need it.