How to Manage Your Insurance Deductible.

Managing Deductibles

The purpose of insurance is to shift the risk of loss to a company in exchange for a premium. Most policies have a deductible which is an amount the insured pays out of pocket before the insurance starts covering the cost of the loss.

In the process of managing insurance premiums, policy holders often consider adjusting their deductibles. Lower deductibles mean less money out of pocket if a loss occurs but obviously, results in higher premiums. Higher deductibles result in lower premiums but require that the insured bear a larger amount of the first part of the loss.
A small fire in a $300,000 home that resulted in $2,500 of damage might not be covered because it is less than the 1% deductible. If the homeowner can afford to handle the cost of repairs in exchange for cheaper premiums, it might be worth it. On the other hand, if that loss would be difficult for the homeowner, a change in the deductible could be considered.
It is a good idea to review your deductible with your property insurance agent so that you're familiar with the amount and make any changes that would be appropriate.

Researching on the Internet

Well, I've spent so much time researching on the internet all my mom's problems, that my fingers are in pain.  I think I've now got arthritis in them. 

First I use to research dimentia and the 7 stages to check where she is at.  Pretty solidly in stage 5 at this point, with 2 stages to go from what I read.  It's really sad when she asks how my dad died and who all was there.  Also sad when she can't remember where she lived when her nephew was born and when that was or what his initials stand for.  Dimentia is not a disease you would wish on anyone.

Next I researched kidney failure.  I was at Furrs Cafeteria eating lunch when I got a call from the head nurse at her nursing home telling me that Mom is in stage 4 of 5 stages of kidney failure.  Seems the doctors have known that for 8 months and just completely lied to mother when she insisted her problems stemmed from her kidneys.  They told her that her troubles were from the next up, not the neck down, and all the time they had the results showing stage 4.  At stage five you go on dialysis or get a kidney transplant.  At 89 she's a little old for a transplant and dialysis will be really rought on her body.  She says she would rather put her trust in the Lord to heal her kidneys or him decide when to take her.  I'm leaning that way too, because according to my research and the head nurse and a friend of my sister-in-law, whose mother is on dialysis and whose father refused it after seeing what it did to his wife, it would be so bad for her.  She's be nauseous, vomiting, headaches...etc. 

Researched online some geneology, looking for Mom's half sister's death and burial place.  Found out she remarried her first husband, J. R. Martin, and lived and died in Walters, OK, where they had lived 70 years earlier.  She died 5-5-93 and he died 2 years later.  Haven't found her son, V. W. Martin yet, so if you know him, have him get in touch with me at Prudential Ada Realtors in Amarillo, TX. 

Researched Mom's half sister's second husband's burial and found he and Grandpa Whitten are next to each other in the Roscoe Cemetery and they don't know anything about them; so maybe I should write them and give them some facts on these two men. 

You certainly can find alot of things on the internet.  Even found out how to find a house yesterday.  I'd been to the country 2 times and drove and drove, and never found it.  Then I did Mapquest and found it immediately. 

I know buyers usually find their homes online before they call a realtor and then even once they get a realtor, they call and tell them what other houses they want to see that they found online. 

I guess encyclopedias will go out of business since everything is online now.  But boy do my fingers hurt!!  Just getting old, I guess.