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Home and auto insurance are two pillars of insurance protection that are almost universally understood to be necessary. However, when it comes to choosing and paying for coverage, you have nearly infinite options.  The range of coverage details, exemptions, coverage amounts, and limitations add complexity.  This can make shopping for insurance seem like a maze without an exit.Without the knowledge of what to look for, your home and auto insurance can become a costly money leak.  But overwhelm is no reason to pay more than you need to or settle for coverage that’s less than best.

Your goal is to pay the least for the best possible coverage.  To help you do that, we want to show you the tricks of the trade.  These insights will help you become more efficient with these coverages, keeping more of your dollars in your pocket.

With these strategies, you’ll get the best deals on your home and auto insurance and win at insurance shopping.

In the last article, we gave you the seven tips to save on insurance in general.  Today, we’ll apply that specifically to your home and auto insurance to answer:

How do I make the best decisions on my home and auto insurance?How do I shrink my home and auto insurance cost while maximizing my protection?What do I include in my home and auto insurance coverage to get the best for the lowest price?

We’ll first walk you through understanding your coverages.  Then we’ll give you the exact tips to get the best value home and auto insurance for the least premium.  You'll feel protected and secure, without mourning the cost.

Once we’ve done that, we’ll walk you through the added layer of business insurances.  We'll show you how to maximize your coverage and minimize your costs as you protect one of your most valuable assets.

You’ll gain confidence and peace of mind without giving up any more of your dollars in monthly expenses than necessary.

Table of contentsWhere Insurance Fits into Your Whole Personal EconomyUnderstanding Your Auto InsuranceThe Primary Purpose of Auto Insurance: Liability ProtectionCoverage Limits for Liability ProtectionWhen They’re at Fault, but Their Insurance Isn’t Enough to CoverCoverage Limits for Uninsured/Under-Insured Motorist ProtectionWhat Coverage Protects Me in Other Scenarios?Comprehensive and Collision Auto InsurancePersonal Injury ProtectionHomeowner’s InsuranceProtecting Your StuffStructuresContentsUnderstand Up Front What’s Not CoveredProtecting YouUnderstanding Your Umbrella InsuranceHome and Auto Insurance: Keys to Getting the Most for the Least#1) Start with the Maximum Coverage#2) Raise Your Deductible#3) Get At Least the Minimum Liability Coverage to Get an Umbrella Policy, and Get the Umbrella#4) Rack up Your DiscountsUnderstanding Business InsuranceCommercial Property InsuranceBusiness Liability InsuranceGeneral Liability InsuranceProfessional Liability InsuranceWorker’s CompensationEmployment Practices Liability InsuranceCommercial Umbrella InsuranceOther Coverages to ConsiderBusiness Overhead Expense InsuranceKey Person Life InsuranceBusiness Insurance: Maximizing Your ValueThe Bottom LineUp NextThe Whole Series on Insurance ProtectionTake Action

Where Insurance Fits into Your Whole Personal Economy

Let’s zoom out for a moment to remember where and why insurance fits into your Cash Flow System.

Your foundation starts with keeping more of the money you make.  Second, you protect what you’ve built.  Finally, you increase your income to create time and money freedom and expand your legacy.

Insurance fits in the protection stage.  With it, your livelihood is no longer at risk, but secure, regardless of the life circumstances you face.

Your protection is like a roof on your financial house.  When the shingles are sufficient and cover the whole house, it keeps storms outside your house, preventing them from getting inside and destroying your belongings.  Similarly,