Lisa Gill, an investigative journalist at Consumer Reports, shares her expertise on navigating the convoluted insurance landscape. She discusses the rising costs of insurance, highlighting factors that contribute to premium increases. Lisa offers insight into handling high medical bills and the impact of living in disaster-prone areas on homeowners insurance. Plus, she tackles the complexities of prescription drug pricing, urging consumers to be proactive in dealing with their coverage. Tune in for invaluable tips that can save you money and reduce stress!
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volunteer_activism ADVICE
Insuring Valuables Separately
Insure extremely valuable items (jewelry, art, etc.) separately to lower your overall premium.
This reduces personal property coverage amounts, which can lead to savings.
volunteer_activism ADVICE
Maintain Homeowner's Insurance
Don't drop homeowner's insurance, even if your home is paid off, especially if it's your primary asset.
At least maintain catastrophic coverage to protect against unforeseen disasters.
volunteer_activism ADVICE
Insurance Cancellation
If your homeowner's insurance is canceled, contact the company immediately and ask for an extension.
Appeal the decision, investigate the reasons, and simultaneously shop for new coverage.
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The price of gas, the price of eggs and milk- these are the kinds of expenses that we’re very sensitive to as consumers because of how frequently we make these purchases. And don’t forget visibility of course with the price per gallon essentially plastered on electronic billboards we consistently drive past! But the cost of insurance feels like the exact opposite. We rarely shop for coverage, it’s not often discussed, and automatic payments insulate us from rising premiums. In the case of homeowners insurance there’s an additional layer of insensitivity in the form of escrow. But insurance is becoming more of a burden and here to tackle this problem is Lisa Gill from Consumer Reports. Lisa is an investigative journalist and we’re going to discuss everything from wildfires to prescription drugs, what to do if you receive an insurance cancellation notice, the steps to take when you receive a medical bill that’s way too high, and much more during our episode!
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