Your dwelling is often your most precious asset that you need to protect. We created a list of all savings opportunities associated with Home insurance. This list is the most complete perspective on home insurance savings tips. Numerous insurance brokers contributed to this list. So, let’s start!1. Change your content coverage: Renting a Condo? You can often lower your content coverage. No need to insure your belongings to up to $250,000 if you only have a laptop and some IKEA furniture!2. Renovations: Renovating your house can result in lower home insurance premiums, as home insurance premiums for older, poorly maintained dwellings are usually higher. Additionally, renovating only parts of your dwelling (e.g. the roof) can lead to insurance savings.3. Pool: Adding a swimming pool to your house will likely lead to an increase in your insurance rates since your liability ( e.g. the risk of someone drowning) and the value of your house have increased.4. Pipes: Insurers prefer copper or plastic plumbing – maybe it is a good idea to upgrade your galvanized / lead pipes during your next renovation cycle.5. Shop around: Search, Compare, and switch insurance companies. There are many insurance providers and their price offerings for the same policies can be very different, therefore use multiple online tools and talk to several brokers since each will cover a limited number of insurance companies.6. Wiring: Some wiring types are more expensive or cheaper than others to insure. Make sure you have approved wiring types, and by all means avoid aluminum wirings which can be really expensive to insure. Not all insurers will cover houses with aluminum wirings, and those that would, will require a full electrical inspection of the house.7. Home Insurance deductibles: Like auto insurance, you can also choose higher home insurance deductibles to reduce your insurance premiums.8. Bundle: Do you need Home and Auto Insurance? Most companies will offer you a discount if you bundle them together.9. New Home: Check if insurer has a new home discount, some insurers will have them.10. Claims-free discount: Some companies recognize the fact that you have not submitted any claims and reward it with a claim-free discount.11. Mortgage-free home: When you complete paying down your house in full, some insurers will reward you with lower premiums.12. Professional Membership: Are you a member of a professional organization (e.g. Certified Management Accountants of Canada or The Air Canada Pilots Association)? Then some insurance companies offer you a discount.13. Seniors: Many companies offer special pricing to seniors.14. Annual vs. monthly payments: In comparison to monthly payments, annual payments save insurers administrative costs (e.g. sending bills) and therefore they reward you lower premiums.15. Annual review: Review your policies and coverage every year, since new discounts could apply to your new life situation if it has changed.16. Alumni: Graduates from certain Canadian universities ( e.g University of Toronto, McGill University) might be eligible for a discount at certain Insurance providers.17. Employee / Union members: Some companies offer discounts to union members ( e.g. IBM Canada or Research in Motion)18. Mortgage insurance: Getting mortgage insurance when you have enough coverage in Life insurance is not always necessary: mortgage insurance is another name for a Life/Critical Illness / Disability insurance associated with your home only but you pay extra for a convenience of getting insurance directly when lending the money. For example a Term Life policy large enough to pay off your home is usually cheaper.19. Drop earthquake protection: In many regions, earthquakes are not likely – you could decide not to take earthquake coverage which could lower your premiums. For example, in BC earthquake coverage can account for as much as one-third of a policy’s premium.20. Wood stove: Choosing to use a wood stove means higher premiums – Insurance companies often decide to inspect the houses with such installations before insuring them. A decision to get rid of it means a lower risk and thus lower insurance premiums.21. Heating: Insurers like forced-air gas furnaces or electric heat installations. If you have an oil-heated home, you might be paying more than your peers who have alternative heating sources.22. Bicycle: You are buying a new bicycle and thinking about getting extra protection in case it is stolen when you leave it on the street e.g. when doing your groceries? Your Home insurance might be covering it already.23. Stop smoking: Some insurers increase their premiums for the homes with smokers as there is an increased risk of fire.24. Clean claim history: Keep a clean claim record without placing small claims, sometimes it makes sense to simply repair a small damage rather than claim it: you should consider both aspects: your deductibles and potential raise in premiums.25. Rebuilding vs. market costs: Consider your rebuilding costs when choosing an insurance coverage, not the market price of your house (market price can be significantly higher than real rebuilding costs).26. Welcome discount: Some insurers offer a so called welcome discount.27. Avoid living in dangerous locations: Nature effects some locations more than others: avoid flood-, or earthquake-endangered areas when choosing a house.28. Neighbourhood: Moving to a more secure neighbourhood with lower criminal rate will often considered in your insurance premiums.29. Centrally-connected alarm: Installing an alarm connected to a central monitoring system will be recognized by some insurers in premiums.30. Monitoring: Having your residence / apartment / condo monitored 24 hour can mean an insurance discount. e.g. via a security guard.31. Hydrants and fire-station: Proximity to a water hydrant and/or fire-station can decrease your premiums as well.32. Loyalty: Staying with one insurer longer can sometimes result in a long-term policy holder discount.33. Water damages: Avoid buying a house which may have water damage or has a history of water damage; a check with the insurance company can help to find it out before you buy the house.34. Decrease liability risk: Use meaningful ways to reduce your liability risk (e.g. fencing off a pool) and it can result in your liability insurance premiums going down.35. Direct insurers: Have you always dealt with insurance brokers / agents? Getting a policy from a direct insurer (i.e. insurers working via call-center or online) often can be cheaper (but not always) since they do not pay an agent/broker commission for each policy sold.36. Plumbing insulation: Insulating your pipes will prevent them from freezing in winter and reduce or even avoid insurance claims.37. Dependent students: Dependent students living in their own apartment can be covered by their parents’ home insurance policy at no additional charge.38. Retirees: Those who are retired can often get an additional discount – since they spend more time at home than somebody who works during the day and thus can prevent accidents like a fire much easier.39. Leverage inflation: Many insurers increase your dwelling limit every year by considering the inflation of the house rebuilding costs. Make sure this adjustment is in line with reality and that you are not overpaying.40. Credit score: Most companies use your credit score when calculating home insurance premiums. Having a good credit score can help you to get lower insurance rates.41. Stability of residence: Some insurers may offer a stability of residence discount if you have lived at the same dwelling for a certain number of years.
How M-Commerce Will Evolve Your Business?
Customers prefer simple and friendly ways in buying or banking or any other work they do. Hence, your business outputs should be designed in a customer-friendly manner, which eventually makes a path to your organizational success. Considering this strategy, many business executives are adopting to M-Commerce technology, which delivers the electronic commerce / e-commerce capabilities directly into the customer’s hand, anytime and anywhere, via wireless technologies.Let’s have a look at how m-commerce will help evolve your business by increasing the sales and services.Increased Usage of Smartphone and Mobile InternetMobile internet allows people to quickly buy products and access various services from wherever they may be. According to an eMarketer report, mobile phone penetration will rise from 61.1% to 69.4% of the global population, between 2013 and 2017. And more than half of the mobile audience will use the internet. This proves that the increased usage of smartphone and other mobile devices will overtake desktop based internet access.M-commerce Sales are increasingRetail sales via mobile devices have increased 101% in the first quarter of 2014, as compared to that of 2013. Also the average order value on purchases through smartphones increased by 12%, page views on smartphones are about 56% and the conversion rates for these devices are about 29%. The increased sales and services through m-commerce will hence help grow your business.Flexibility to AccessAs every user is flexible in using mobile devices, it is pretty comfortable and easy to access online payments, etc. A customer can access and login to various mobile messengers like Gmail, Facebook, and other networking platforms. This will enhance the customer usability of m-commerce and so your sales.Mobile-friendly websites drive more CustomersAccording to a Google study, mobile friendliness is a key factor while purchasing a product. The study reveals that 61% of visitors quickly moved to another website due to mobile-unfriendliness and 67% of visitors were more likely to buy from a mobile-friendly site. They believe that you can turn your visitors into customers with a mobile-friendly site.M-commerce has taken the concept of e-commerce to the next level, where transacting and buying through mobile is being driven via gamification elements. M-commerce is not restricted only to content purchase and delivery, it also involves in mobile banking, ticketing, mobile ATM, money transfer, marketing, advertisements, browsing, etc. With our diverse platforms and services, we develop, implement & deliver user-friendly apps & solutions to meet client needs.
S&P 500 Rallies As U.S. Dollar Pulls Back Towards Weekly Lows
Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.
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Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.
The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.
Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.
Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.
Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.
From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.
S&P 500 Tests Resistance At 3730
S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.
If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.
On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.