Providing bankruptcy and legal services for these areas:

• Lansing
• Okemos
• Haslett
• Williamston
• East Lansing
• Holt
• Waverly
• Jackson
• Owosso
• Corunna
• St. Johns
• Stockbridge
• Fowlerville
• Flint
• Saginaw
• and the Mid Michigan area.

Make Money on Insurance

How do you make money on insurance? The old-fashion way, by paying less for your insurance of course. The average financial statement I see show that many people have too expensive or overlapping insurance and are simply over-insured altogether. What are some ways of saving money on insurance?

• The first step is to compare quotes from different insurance companies. Whether it is car, home, health, or life insurance, comparisons can be done easily on the internet, especially with car insurance, and a little bit of your time can save you money.
• The next step is to raise your deductible. If it is home or auto insurance, it is really necessary to have a $100 deductible. Raising it to $500 or $1,000 will result in lower insurance premiums and offset the increased risk. Also, lowering the limit of liability coverage, which is the maximum amount an insurance company has to pay, will reduce premiums for both home and auto insurance.
• The third step is to compare prices when combining several types of insurance together, like home and auto insurance with the same insurance provider.
• Next, consider if there are alternatives to the type of insurance provider or even if the insurance is necessary. Having mortgage insurance as an example, which pays off your mortgage if you pass away may work as a good substitute for life insurance, or ask yourself if full coverage is really necessary on an older car.
• Finally, do not forget payment financing. Some insurance companies offer deductions if paid at once or quarterly-rather than a monthly payment. As always, find out which method is the least expensive and best for you.

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The Law Office of Gene F. Turnwald
2160 Hamilton Rd., Okemos, MI  48864
(517) 347-6700 | fax: (517) 347-6716