Comparing insurance or renegotiating it should not only be done when you are not satisfied. An insurance is not something airtight or impossible to change until it is complete. Rather, it is a contract that can be reviewed and re-evaluated to ensure the best terms for your beneficiary.
Analyze your insurance portfolio
The protection against risks provided by insurance is important and fundamental. However, there is no denying that a very comprehensive insurance policy will be in your pocket… is that reasonable? The answer to this question can be found by consulting your insurance.
If you know that you are paying more than you expected, you can choose between two options: renegotiate your current contract or choose the best offer after comparing the insurance available in the market.
- Renegotiating your existing contract may be a more direct and even quicker approach since you are already a customer of yours. insurance company . To do this, talk to your mediator, share your concerns, and see if there is a solution. Depending on what is proposed, you can accept or modify your strategy.
- The second alternative that we suggest is to compare the insurance offered by the different brands. This solution allows you to know the current offer and see if what you pay justifies what you receive in return.
Although the concept of value is subjective and depends on the customer experience, it is also governed by external factors such as competition. Questions like “What do other insurance companies offer?” Or “at what price?” you have to position and investigate.
After reading the previous paragraphs, you may still be wondering about the meaning of the two proposed alternatives. But keep reading our article to discover 3 reasons why you should always consider renegotiating or buying insurance.
3 reasons to renegotiate or compare insurance
1. Cut unnecessary costs
If you want to save with your insurance, it is important that you carry out an analysis of the current offer. The solutions presented by insurers are constantly updated, so it is possible that, since you took out the insurance, more interesting alternatives have emerged.
- Noticing if you have a coverage that you don’t like or, therefore, duplicate coverage is one of the points to consider. This happens when we have multiple insurance policies that cover the same risk.
- Renegotiating the terms of your contract could be another way to lower the value of your policy . Changing how often or how you pay can work in your favor. It is more annual payment as it is cheaper than the monthly fee, there are insurance companies that offer more advantageous conditions to those who adopt direct debit .
- Find out what mandatory and optional condiment insurance can also help. As the Superintendence of Insurance and Pension Funds (ASF) explains, compulsory insurance in Portugal varies depending on the circumstances and can include, for example, personal accident insurance or civil liability insurance.
- Another tip to know if you have the best insurance is to see if the amount you pay is above the market average. Asking for the support of an intermediary like DS SEGUROS will help you understand if the insurance you have taken out is the most advantageous for you.
2. Adapt the insurance to your current needs
As mentioned above, analysis is the starting point. It only makes sense to pay for services that meet your current needs. Paying for a solution that doesn’t help when you need it or for coverage you don’t like may not be the right choice.
It’s one thing to wonder how your policy covers the risks you actually live with. For example, if you visit the dentist once a year, dental insurance may not make sense. However, it’s a different story if you need frequent dental treatment.
3. add insurance
Did you know that you can put all your insurance (life, auto, etc.) under the same insurance company? In fact, many companies end up offering special offers and discounts for “insurance packages”. This is a great reason to renegotiate or compare your insurance.
Insurance costs are an important part of many families’ balance. Comparing insurance policies and reviewing their conditions is essential to pay for services tailored to your real needs.
To make this task easier for you, talk to DS SEGUROS. Analyze your insurance for free and start Saving time is money!
