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Meet Flo, my new best friend

May 20th, 2015 at 05:28 am

The renewal of the insurance policy on the rental property went up to $1,042. That was roughly $120 increase across the board.

I happened to get a flyer from Progressive. After a quick (HA, not really, rather longish) phone call Flo, I was "outsourced" to another provider who deals with rental properties.

My replacement coverage was raised to $220K for the dwelling and my policy dropped to an overall cost of $795 annually. I paid the $130.34 for the policy to go into effect on 7/19. I will then make ten payments starting 8/19 for $65.67.

I'm pretty pleased about that. Once I have my other paperwork for policies in front of me, I'll call back for a quote on the primary/cars.

4 Responses to “Meet Flo, my new best friend”

  1. creditcardfree Says:

    It's nice to save money isn't it?!

  2. CB in the City Says:

    Wonderful! My DIL dressed up as Flo for Halloween a few years ago, and she was spot on!

  3. snafu Says:

    God on you, it's important to review insurance policies as they come up for renewal. Wonderful to get double benefit by raising coverage and lowering the premium. Usually when you add auto insurance to another policy, it results in a further discount. Do you track cost avoidance? The gurus suggest transferring these savings be made tangible by transferring these sums saved to a savings account. I was able to set sums saved by using coupons and gas on 'discount' days by dropping change in a giant jar for a year. The really big savings by waiting for sales or like your $795. were too important to our budget to pull-out

  4. FrugalTexan75 Says:

    Great job saving money!

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