During these tough economic times, many consumers are looking for ways to save money on their expenses. One area where many people are trying to save money is on their insurance. It is a good idea to review your policies to make certain that you are not paying too much for your coverage or paying for a policy that you do not need. However, it is also important that you maintain appropriate coverage. Here are some tips to help you as you review your policies.
The Maryland Insurance Administration has a number of guides that will give you tips on how to comparison shop for insurance. Rate comparison guides are available for automobile and homeowners insurance. The most important thing to remember when you are shopping is to make certain that the policies you are comparing are the same (for example, are the deductibles and co-pays different, do the policies cover the same items or illnesses, are the policy limits the same.) In addition, when you are reviewing your existing policy, make certain that you are receiving all discounts the company offers. Also, make certain that you are dealing with companies and agents that are licensed to do business in Maryland. If you have a question, please contact us at (410) 468-2000.
200 St. Paul Place, Suite 2700, Baltimore, MD 21202
410-468-2000 | 1-800-492-6116 (toll free) | 1-800-735-2258 (TTY)