Financial Professionals: Are Your Clients Increasing Their Insurance Deductibles?

When premiums rise, we recommend looking at raising your deductible to combat it. A higher deductible usually means a lower premium, prompting our advice for clients to maintain at least a $2,500 deductible on their home policies. For many families, though, this can pose a significant financial challenge in times of loss. That’s where you, the financial professionals, come in.

We encourage our clients to plan for these higher deductibles, and we extend this call to action to all financial planners and advisors. It’s crucial to discuss the potential of increasing deductibles and the importance of having a reserve for these situations with your clients.

We’re simply asking financial experts to spare a moment to broach this topic. Insurance might not be the most thrilling subject, nor is planning for potential loss, but it’s essential.

Partnering with Holt Insurance Agency means we’re here to offer a no-pressure review of any personal insurance policies your clients might have. We’ll explore their options and see how a higher deductible could impact their premiums. If you have a client who could benefit from this review, we’re more than ready to assist!