The goal of the Drexel Fire is to provide fire and life safety education programs to the community. Our Safety Education Team is comprised of more than thirty firefighters and now community volunteers and are responsible for all the public education programs. Here’s a list of our most active programs:
Through professional training programs and career enhancement opportunities, Drexel Fire strives to ensure that well-trained, highly qualified firefighters are available to provide emergency services to the community. Numerous classes, drills and other training opportunities are offered throughout the year.
Providing innovative training programs and educational opportunities to ensure safety, preparedness, effectiveness and career development to personnel in support of the overall mission of the Drexel Fire.
Your home insurance deductible is the amount of the loss, which the person that is insured has to pay before the insurance company pays off the claim. In understanding your deductible you have to pay if something were to happen to a home such as fire, theft, vandalism.
For home insurance deductibles they will enable you to lower the cost of the insurance by being responsible for some risk. If you have a $250 deductible on the policy of your home you have to pay $250 on the policy in order to cover any losses. This is before the insurance carrier that you have pays the rest of the amount on your claim. If you increase the deductible to $1000 you may be able to save 20-30% on the premiums you pay. One thing you should understand about your home insurance policy deductible is what premium is right for your situation.
Having insurance is asking yourself how much risk are you going to assume if something happens to your home. In understanding your deductible you have to ask yourself this question. Many companies offer deductibles that equal 1% of the value of your home insured, so for example $2,000 on a home worth $200,000.
You have to know the amount you will have to pay in the event of a loss or damage to the home. You can increase or decrease your deductible but then you will have to pay more or pay less on the loss. In understanding your deductible you have to assess the risks to where your home is. If it is in a neighborhood that has high crime you may want to increase your deductible so you do not have to pay as much in the event of a loss. The same goes for living in an area that has much adverse weather. Basically it is how much you are comfortable paying if something were to happen to your home.
Many people take out higher deductibles when they have many valuable things in the home. People make the mistake of doing this instead of individually insuring each item. What you should understand is how much the item will be insured and how much you will have to pay in the event or damage or theft. Many times it is more prudent on valuable items to insure them separately.
David Naughton, the author of bestseller e-book, Life Insurance Singapore 101, thanks to his article, we know the important of fire insurance. If you are interest in life insurance and other stuff that related to insurance in Singapore, feel free to download his other free eBook on his business website.
You can also send him a message via contact form, it is a good option to talk to a professional, especially your carrier, and ask them to explain all the aspects of your deductible to you to make sure you are comfortable with the deductible you have. By better understanding your deductible for your homeowner’s insurance policy you will ensure that you have the one that is right for you.