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So its even more important than ever for retirees to budget wisely.
Invest., and Jacqueline Keer, owner ofKeer & Heyer Insurancein Point Pleasant Beach, New Jersey.
Most people are overinsured and have no idea why or how to fix it, said Roman.
The husband was adamant about staying with the company they had been with for 40 years.
But he questioned why his insurance had kept increasing over the years and said he didnt understand his policy.
Why dont you hire someone that works for you?
She referred them to an insurance broker that saved them $1,300 a year on their two cars.
Seniors on a fixed income should pay attention to their insurance policy, Roman said.
In those states, the way to getbundled car insuranceis to add an umbrella liability policy.
Thats why its important to have an umbrella policy, if theres a lawsuit and theyre awarded money.
[Its simply a discount based on the mileage you drive every year.
Keer and Roman both recommend notifying your broker when you stop commuting to work.
