With the financial crisis looming due to
the global economic crunch there are a lot of people that were affected in one
way or another that makes them not enjoy necessities that they used to like
insurance. There are those that lost their jobs or those that their businesses
were greatly affected hence have to sacrifice insurance so as to spare extra
cash to make ends meet. With the availability of low income insurance due to the introduction of high risk pool by
insurance carriers a lot of individuals can now insure their homes, cars,
businesses and even their lives without digging deep into their pockets. One of
the major factors that has a direct relationship and also affects your
insurance premium is your credit score, the lower it is the higher the premium
and vice versa. Get a copy of your credit report so as to know the factors that
lead to your credit score even though it doesn’t contain the score itself.
Search
Using your favorite web browser search
for insurance companies offering low
income insurance, the internet is the most reliable and effective search
tool as it saves you a lot of time, energy and resources as compared to
searching and locating the insurance carriers physically. With most of the
insurance companies going online so as to meet the millions of daily internet
users insurance companies are readily as you will be able to access them at
ease from anywhere in the world and at any time. You will save a lot of time as
you will take few minutes to access them, you will not waste any energy as you will
be at the comfort of your sit plus due to the stiff competition online you will
be able to get cheap insurance quotes.
Credit score
Your credit score is your performance in
paying your bills and debts, paying them and in full amounts leads to high credit
score while delaying payments and not paying full amounts lowers it. Improve
your credit score so as to enable you get low
income insurance as you will be paying less premiums monthly.
Co-signer
It is difficult for a low income individual without a steady supply of income to get any kind of insurance coverage as they are considered high risk individuals. However, if you have a co-signer with good credit scores, he can sign on your behalf and make it easier for you to get insurance coverage bit you must ensure you pay your monthly premiums as the co-signer will be forced to make the payments.
Lower your personal risk
Do all the necessary modifications in
your life, car, house or whatever you are insuring so as to make it easier for
you to get low income insurance.
Stop smoking or taking alcohol, fit your car with security gadgets, improve the
security of your house or your business premises so as to be able to get low
interest rate and by this you will be paying low monthly premiums.
Discounts
Consider looking for discounts before settling on an individual insurance company as there may be a company that is offering low rates so as to attract new customers.
Proof of income
Even if you do not have a job or a steady
source of income for you to secure low
income insurance you must provide proof of insurance by presenting either a
bank statement of tax returns to show that you deposit some money into your
bank every month.
0 comments:
Post a Comment