Cancelling Insurance

Do not assume that your insurance policy will be cancelled without any adverse actions if you simply do not pay your insurance premium.

 

By not paying insurance premium, the insurance company will cancel your policy after their stated grace time period, making your responsible for earned premium. Additionally, the carrier will most likely report your non-payment to a credit bureau therefore adversely impacting your credit score.  And it is possible that a lower credit score will negatively affect your ability to obtain “good insurance rates” in the immediate future.

 

At renewal time, if you choose to not renew your insurance policy, be certain to advise your insurance agent or insurance company that you do not intend to renew the policy. Your insurance agent will ask you to sign a cancellation form, and then your policy will be cancelled. 

 

Ask Mike, Andrea, or Mandee at Triplett Companies to ensure your policy remains in force or is properly terminated. 

     

Discounts on Insurance

It’s Christmas time and maybe you haven’t received your holiday bonus, or perhaps you spent a little too much on gifts, and now you dread your insurance bill arriving in the mail.

 

Never fear, discounts are here!

 

Multi policy:

Most insurance companies offer discounts for multiple insurance policies with their company. Consider combining your vehicle, home, and umbrella policy with one carrier and see how much you can save!

 

Good Student:

If you or your child is under 25, in school, and has a GPA of 3.0 or below, you qualify for the Good Student Discount! Simply send us a copy of your most recent transcript showing your GPA.

 

Limited Driving:

Do you only drive your vehicle to church on Sundays? Does your vehicle sit in the garage most of the time? Some carriers provide limited driving discounts.

Loyalty:

Did you know that insurance companies actually give you with a discount for being loyal to them? Even if you do decide to switch insurance companies, you can receive a discount for the number of years you were with your old insurance company.

 

Be sure to contact Mike, Andrea, or Mandee at the Triplett Companies and ask them to compare the cost savings you could enjoy by utilizing some or all of these discounts!