Energy-Saving Tips for Renters

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Whether you rent an apartment, townhouse or a home, chances are you’d be happy learning some ways to save money! You may think there isn’t much you can do about this as a renter, but there are a number of steps you can take to reduce monthly costs and put more in your savings.

Turn down the thermostat. Although this is pretty obvious, it does make a huge difference in pricing each month. If possible, consider installing a programmable thermostat that automatically adjusts your home’s temperature settings when you’re away or sleeping.  This can end up saving you a significant amount of money each month.

Wash full loads of laundry and dishes. This is one I feel many people don’t think of, but it can help a lot! Rather than washing smaller loads, wait until you have full loads. Consider scraping dishes before washing (rather than rinsing), and using cold water for laundry.

Use an energy efficient room air conditioner. Be sure the window unit fits tightly in the window so that air isn’t getting in. During winter, consider removing the window unit in order to reduce energy losses.

Take advantage of the sun’s warmth. During the summer, close window shades and drapes – during the winter, keep drapes open while it’s light outside so rooms absorb some of the natural warmth.

Change your light bulbs. Replace any older bulbs with LED’s or compact fluorescent bulbs. Additionally, check with your power company because some offer deals for switching your light bulbs.

Invest in power strips. These help because you can turn off electronic appliances when they are not in use, and smart power strips can help by automatically putting devices in standby mode.

These are just some of the ways you can save money each month while renting.  Don’t forget to contact an agent at Cochrane & Porter at 781-943-1555 or info@cochraneandporter.com for any of your insurance needs!

Helpful links
10 ways to cut $500 off your monthly bills
Tips for renters and property owners
The benefits of having renters insurance

Does Homeowners Insurance Cover Trampolines?

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It’s very likely you’ll have a trampoline at some point, especially if you have children!  It’s also possible you’ve heard of someone’s policy being cancelled for owning a trampoline. Before making the decision to buy one or not, it’s important you understand how owning a trampoline can affect your homeowners insurance policy.

So, the question is: how does owning a trampoline impact my insurance policy?

Similar to many insurance-related question, it depends. It is important to speak with your insurance agent to know for sure if your insurance carrier is fine with you owning a trampoline, or if they have specific requirements for those who have one, such as padding or netting.

Frequently Asked Questions

 

Will owning a trampoline increase my homeowners insurance rate? It’s possible your homeowners insurance premium will increase if you have a trampoline, but usually it will not. One of the main reasons why an insurance company will not usually charge more for a trampoline on your policy is because it is challenging for an insurance company to determine the potential liability loss. Based on the cost potential payout and legal fees, the additional amount charged to the policy would not make it worthwhile.

Can my insurance company cancel my policy for owning a trampoline? Yes, they can. Depending on the carrier guidelines, they may or may not accept any form of a trampoline. If they don’t, the company has legal rights to issue a cancellation notice for your policy. Of course, you would be notified beforehand. 

How come insurance companies don’t like trampolines?
There are a significantly high percentage of injury from trampolines. According to the Consumer Product Safety Review, in 2006 trampolines caused about 109,522 injuries. Many of these resulted in injuries including broken necks, spinal cord injuries, and disabling head traumas.

If you own a trampoline, be safe!

Remember if you have any questions do not hesitate to contact Cochrane & Porter so we can discuss the best options for your specific needs! 781-943-1555 or info@cochraneandporter.com

Car Insurance Discounts You May Be Missing

Nobody wants to miss out on a discount!

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Consumers don’t typically think of their car insurance as an area where they can save money. Especially if you haven’t reviewed your car insurance in a while, you may be missing out on a wide range of valuable discounts!

Here is a list of factors companies may give a discount for.

  • Multiple policies – maintaining more than one policy with the same company
  • Multi-vehicles – insuring more than one vehicle on a policy
  • Safe driver – for those who have a clean driving record
  • Anti-theft – if your vehicle has anti-theft devices, such as an alarm system
  • Customer loyalty – staying with the same insurer over a certain length of time
  • Passive restraint – safety features including air bags or motorized seat belts
  • Newer vehicles – vehicles that are under a specific amount of years old
  • ‘Green’ vehicle – alternative-fuel vehicles, like a hybrid
  • Low mileage – for those who drive under a certain amount of miles each year
  • Military – members of armed forces
  • Good student – younger drivers who have earned good grades
  • Automatic payments – for payments automatically withdrawn each month

DMV – 3 Types of Car Insurance Discounts
Hanover Insurance Group – Discounts & Credits
Mapfre Insurance – Auto Discounts in Massachusetts

At Cochrane & Porter, we advise our clients on discounts they may be eligible for. Then, we find an appropriate carrier which will best fit their specific situation.

Please contact us with any questions you may have at 781-943-1555 or info@cochraneandporter.com; we are happy to help!

Receive Discounts Every Time You Use a Pharmacy – For Free!

Free Health Discount Card

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For FREE – this program gives you access to programs that will save you money when using services including:

– Pharmacies
Vision Care Providers
– Hearing Care Specialists
– Prepaid Lab Tests
– Prepaid Imaging Tests
– Patient Advocacy Services
& more!

Additionally, this card will provide you savings with over 410,000 physicians and over 45,000 ancillaries. Some of the participating providers include services such as weight loss, infertility, pediatricians, allergists, family doctors, dermatology and internal medicine. There is also no limit to the amount of times you can use your card!

Other important information:

  • No annual limits
  • No deductibles
  • No waiting periods
  • Discounts apply to pre-existing conditions

Take a look at all our specialty products here!

Contact an agent at Cochrane & Porter for more information or any questions regarding your insurance at 781-943-1555.