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 Insurance 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 – Home 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.