How can I reduce my insurance costs without sacrificing important benefits?
June 24, 2023 | 40,00 EUR | answered by Ingo Gallenberg
Dear lawyer,
My name is Tina Fischer and I have a question regarding my insurance costs. In recent months, I have noticed that my monthly expenses for insurance are continuously increasing. I have already taken out various insurances, including household insurance, liability insurance, and health insurance. I would like to reduce my insurance costs in order to decrease my financial burden. However, I also want to ensure that I remain adequately covered and do not have to sacrifice important benefits.
Currently, I am unsure about which insurances I really need and if there are ways to optimize my existing contracts. I am concerned that in the event of a claim, I may not be adequately covered or have to pay high deductibles. That's why I am looking for solutions on how to reduce my insurance costs without losing important benefits.
Can you provide me with tips on how to reduce my insurance costs without compromising my coverage? Are there specific insurances that I should cancel or adjust? What options are there to optimize my existing contracts and save costs? I would be very grateful for your support and advice on this matter.
Thank you in advance.
Sincerely,
Tina Fischer
Dear Mrs. Fischer,
I can understand that you are concerned about the increasing costs of your insurances and want to ensure that you are adequately covered. It is important to keep an eye on your insurance costs and take measures to reduce them, without sacrificing important benefits.
First of all, it is advisable to create a detailed overview of your existing insurances. Check which insurances you actually need and which may be unnecessary. Consumers often take out insurances that they do not need, leading to unnecessary costs. It may be worth canceling individual insurances that are either duplicated or for which you have no real risk.
Furthermore, you should review your existing contracts and consider possible optimization options. It may be sensible, for example, to adjust the benefits of your insurances to save costs. When taking out insurance, you often have the choice between different coverage packages and rates. Check if you really need all the benefits or if you can possibly forego certain benefits to reduce costs.
Another way to reduce your insurance costs is to compare different insurance providers. Often, there are cheaper alternatives to your existing contracts that offer you the same coverage. Use comparison portals on the internet or seek advice from an independent insurance broker to find the right solution for you.
Finally, I would like to point out that it is important not only to focus on the price, but also on the quality of the insurances. Make sure that you are adequately covered and not faced with high deductibles or insufficient benefits in the event of a claim.
I hope these tips help you reduce your insurance costs without compromising your coverage. If you have any further questions or require individual advice, I am at your disposal.
Best regards,
Ingo Gallenberg
