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Optimal Finance Daily - Financial Independence and Money Advice

3014: Cash Tips: Review Your Car, Home or Renters Insurance by Harry N. Stout of FinancialVerse on Saving Money

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.41.3K Ratings

🗓️ 22 January 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3014: Reviewing your insurance policies annually can save you money and ensure you have the right coverage. Harry Stout emphasizes the importance of shopping around for auto, home, and renters insurance, maximizing discounts, and considering a personal umbrella liability policy for added protection. Small adjustments like bundling policies, improving your credit score, or raising deductibles can lead to significant savings while keeping you financially secure. Read along with the original article(s) here: https://www.financialverse.com/post/review-your-car-home-or-renters-insurance Quotes to ponder: "You can save money on your home, renters, and car insurance coverage by taking some time once per year to see if you are getting a competitive price for the coverage you need." "Raising your deductible can save you as much as 25% on your premium." "Shopping around with different insurance carriers will make sure you have the best rates possible." Episode references: Insurance Information Institute: https://www.iii.org Top Tips for The Best Car Insurance Plan: https://cheapquotesautoinsurance.com/top-tips-for-the-best-car-insurance-plan Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:00.7

This is Optimal Finance Daily.

1:03.5

Cash tips.

1:04.5

Review your car, home, or renters insurance by Harry Stout of Financialverse.com.

1:17.0

One of the regular actions you should take each year is to review your insurance coverage and costs you pay.

1:22.8

A key part of managing your money means having the right insurance coverage in place to protect yourself.

1:23.7

For example, if you don't have a personal umbrella liability policy as part of your insurance

1:29.3

coverage, you should look into getting one. You need to make sure you have the right coverage

1:33.9

in place to avoid having to pay out cash for some very expensive bills in the coming year should

1:39.5

you experience an unexpected event. Car insurance. Re-shopping your auto insurance every year can help

1:47.0

you save money as rates constantly change. Shopping around with different insurance carriers will

1:52.5

make sure you have the best rates possible. There are a number of internet services that help you do this.

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