If you've ever been in a car accident that was more than just a little
fender bender, or if your house or residence has ever been burglarized,
you know better than most people how important insurance agents are. If
your place gets burglarized, you almost never recover what was stolen.
The costs to replace the things that were taken can be more than you can
afford all at once, but you may need your things now. If you are in a
bad car accident that totals your car or seriously damages it, you may
not be able to get back on the road if you cannot fix your ride. These
are but a few examples of why insurance is so vital to your life.
Without it, you may never recover from an unfortunate situation that you
had no control over.
But, don't hastily purchase the first policy
you see out of fear. Research the local insurance agents in your area
and meet with them to discuss your specific policy needs. There may be
things you never considered insuring, because you didn't know that you
could. This is why meeting with a professional is the best step you can
take for protecting your future. In addition to meeting with a
professional sales policy person, you should also appraise the valuables
that you think you want covered under your policy.
If you can
give your agent an accurate estimate of what your things are worth, you
can better formulate your policy. This can also save you some stress
later on if something happens and your policy must go into effect. In
this event, having already calculated the cost of your valuables will
give you specific up-front appraisals. Getting accurate value estimates
after something has been stolen or damaged, hardly ever works out in
your favor.
If you are an elite athlete, you should also consider
taking out a policy on your health or future playing capabilities. Let's
say you are a star collegiate running back with a great chance to play
professional ball, but in your final amateur season you sustain an
injury. Even if the injury isn't career-ending, it may hurt your stock
moving forward and you could lose significant amounts of money in
potential contracts. In these cases, having a policy on your body is a
great investment.
Insurance agents will be there to help you
understand everything that you can and cannot insure, but these days you
can pretty much get a policy on anything an insurance company or
private agent is willing to take a risk on. Seriously, go and consult a
professional before you wish you had.
Monday, March 21, 2016
BEST INSURANCE:4 Pillars of Protection - Products To Consider In Your 4 Pillars of Protection Insurance Portfolio
With a wide range of insurance products available today it is
important to understand the differences and benefits to you and your
specific situation. A basic portfolio for any person but more
specifically for a self-employed person should encompass the 4 following
aspects.
Disability
By far one of the most important products for anyone, specifically self-employed people is disability insurance. We all work to handle our weekly and monthly expenses in addition to providing the "little extras" if we have anything left over. Employees of a company for the most part will have benefits provided to them however, being self-employed our livelihood depends on our ability to go to work and earn an income. In the event your ability to work is suddenly removed, disability insurance could be the key to your survival. Your income is the fuel for everything. Remove that and over time all else will fall apart.
Life Insurance
Life insurance has so many uses that it could essentially apply to everyone. However, the general consensus of life insurance is that it is suitable only for people with a family. This couldn't be further from the truth. Life insurance can be used to protect a debt over a period of time, provide for your survivors after final expenses, or give to a charity upon your death. For people who would like the idea of having a benefit as well as a savings or investment vehicle, life insurance could also be an option for you. Life insurance must be carefully evaluated to ensure that it is structured properly based on your specific situation.
Critical Illness
In my experience I have seen this product misunderstood the most. The important thing to understand about CI is that it will pay a lump sum benefit in the event you're diagnosed with a "specific" covered illness. Most CI products will protect against heart attack, cancer, and stroke however, each policy will differ between companies for other covered illnesses beyond these. Do not make the mistake like most do in thinking that this operates like disability insurance. Yes, they are both living benefits but they provide protection in varying ways.
Investments
Within financial circles it is encouraged to have a minimum of 6 months of disposable "liquid" income saved. For most people this is a tremendous feat and some people often throw their hands up in the air and forfeit the idea that they too can have investments. Life insurance can be designed in such a way that not only do you have protection but also an accumulating asset. Outside of life insurance there are many ways to protect and grow your money. The concern for most people is having a large sum of money lying around to be able to invest. If you don't have a large capital to start with always remember that it is better to start somewhere, even small if needed than to not start at all.
Disability
By far one of the most important products for anyone, specifically self-employed people is disability insurance. We all work to handle our weekly and monthly expenses in addition to providing the "little extras" if we have anything left over. Employees of a company for the most part will have benefits provided to them however, being self-employed our livelihood depends on our ability to go to work and earn an income. In the event your ability to work is suddenly removed, disability insurance could be the key to your survival. Your income is the fuel for everything. Remove that and over time all else will fall apart.
Life Insurance
Life insurance has so many uses that it could essentially apply to everyone. However, the general consensus of life insurance is that it is suitable only for people with a family. This couldn't be further from the truth. Life insurance can be used to protect a debt over a period of time, provide for your survivors after final expenses, or give to a charity upon your death. For people who would like the idea of having a benefit as well as a savings or investment vehicle, life insurance could also be an option for you. Life insurance must be carefully evaluated to ensure that it is structured properly based on your specific situation.
Critical Illness
In my experience I have seen this product misunderstood the most. The important thing to understand about CI is that it will pay a lump sum benefit in the event you're diagnosed with a "specific" covered illness. Most CI products will protect against heart attack, cancer, and stroke however, each policy will differ between companies for other covered illnesses beyond these. Do not make the mistake like most do in thinking that this operates like disability insurance. Yes, they are both living benefits but they provide protection in varying ways.
Investments
Within financial circles it is encouraged to have a minimum of 6 months of disposable "liquid" income saved. For most people this is a tremendous feat and some people often throw their hands up in the air and forfeit the idea that they too can have investments. Life insurance can be designed in such a way that not only do you have protection but also an accumulating asset. Outside of life insurance there are many ways to protect and grow your money. The concern for most people is having a large sum of money lying around to be able to invest. If you don't have a large capital to start with always remember that it is better to start somewhere, even small if needed than to not start at all.
BEST INSURANCE:Insurance for the Gum Industry? There's Coverage Every Chomp of the Way!
"I chew gum because it distracts me from eating and helps curb my appetite."
Those that think chewing gum can be used as an aid to dieting or to maintain proper food consumption, may have another thing coming to them. According to studies, the gains, made by the associated reduction of hunger, is mitigated by the resulting ingestion of less nutritious foods than non gum-chewers. Results of research in fact show that gum chewers are more prone to eat junk food, such as potato chips and candy. The junk food preference may well be the after-effects of the common gum mint flavor that causes fruit and vegetable to taste bitter.
Desperately need that stick of gum? Check out these suggestions to curb food cravings and relieve life's stress; they may just be the perfect substitute!
To reduce food cravings:
• Drink more water
• Exercise
• Don't skip breakfast
• Eat wholesome, protein-rich small meals, frequently, instead of three large daily meals
• Satisfy yourself with tea
To relieve life's stress:
• Eat wholesome foods and don't skip breakfast
• Enjoy a hot glass of chamomile or green tea
• Take a brisk walk
• Exercise
• Refresh yourself with a drink of water
• Catch a brief catnap
• Use relaxing breathing techniques
Who created gum in the first place?
Incredible as it seems, the concept of gum dates back at least to the time of the Greek Empire when people would chew on resin from the mastic tree, named specifically because of the chomping that it provided for humans. Back then, the activity served dually as a tooth-cleaning exercise and a breath freshener. Later, The New England colonists learned the art of spruce resin gum chewing from the Native Americans that they encountered.
Like many innovations, contemporary chewing gum is a product of a business manufacturing gaffe.
In 1869, the exiled previous Mexican president, Antonio Lopez de Santa Anna, lived in Staten Island. Hearing the rumors about latex derived from a tree in Yucatan that might be rubber's counterpart, he decided to try his luck in the venture despite any potential risks or liability losses that the undertaking might have. After purchasing a massive amount, he hired the inventor, Thomas Adams, to process it. Unfortunately, there was no insurance coverage policy that protected either de Santa Anna or Adams. Not only did the assignment fail, it left poor Adams with a surplus of 'useless' material.
Then, Adams detected some notable qualities in the substance. In its dried form, the latex was insoluble in water; in addition, it was fairly plastic. Placing it in his mouth, Adams discovered a chewable pleasure, likened to the paraffin matter sold in drug stores of the times.
In 1871, the 'failed' inventor patented his gum, ultimately adding flavors that forwarded his brand. Adam's gum became a genuine sensation when the Wrigley Company expanded the popularity with advertising.
Despite the success that developed until today, you can bet your bottom dollar that Wrigley's currently has the necessary general liability, business insurance and commercial auto insurance that protect their booming enterprise from lawsuits, claims, and so on
Those that think chewing gum can be used as an aid to dieting or to maintain proper food consumption, may have another thing coming to them. According to studies, the gains, made by the associated reduction of hunger, is mitigated by the resulting ingestion of less nutritious foods than non gum-chewers. Results of research in fact show that gum chewers are more prone to eat junk food, such as potato chips and candy. The junk food preference may well be the after-effects of the common gum mint flavor that causes fruit and vegetable to taste bitter.
Desperately need that stick of gum? Check out these suggestions to curb food cravings and relieve life's stress; they may just be the perfect substitute!
To reduce food cravings:
• Drink more water
• Exercise
• Don't skip breakfast
• Eat wholesome, protein-rich small meals, frequently, instead of three large daily meals
• Satisfy yourself with tea
To relieve life's stress:
• Eat wholesome foods and don't skip breakfast
• Enjoy a hot glass of chamomile or green tea
• Take a brisk walk
• Exercise
• Refresh yourself with a drink of water
• Catch a brief catnap
• Use relaxing breathing techniques
Who created gum in the first place?
Incredible as it seems, the concept of gum dates back at least to the time of the Greek Empire when people would chew on resin from the mastic tree, named specifically because of the chomping that it provided for humans. Back then, the activity served dually as a tooth-cleaning exercise and a breath freshener. Later, The New England colonists learned the art of spruce resin gum chewing from the Native Americans that they encountered.
Like many innovations, contemporary chewing gum is a product of a business manufacturing gaffe.
In 1869, the exiled previous Mexican president, Antonio Lopez de Santa Anna, lived in Staten Island. Hearing the rumors about latex derived from a tree in Yucatan that might be rubber's counterpart, he decided to try his luck in the venture despite any potential risks or liability losses that the undertaking might have. After purchasing a massive amount, he hired the inventor, Thomas Adams, to process it. Unfortunately, there was no insurance coverage policy that protected either de Santa Anna or Adams. Not only did the assignment fail, it left poor Adams with a surplus of 'useless' material.
Then, Adams detected some notable qualities in the substance. In its dried form, the latex was insoluble in water; in addition, it was fairly plastic. Placing it in his mouth, Adams discovered a chewable pleasure, likened to the paraffin matter sold in drug stores of the times.
In 1871, the 'failed' inventor patented his gum, ultimately adding flavors that forwarded his brand. Adam's gum became a genuine sensation when the Wrigley Company expanded the popularity with advertising.
Despite the success that developed until today, you can bet your bottom dollar that Wrigley's currently has the necessary general liability, business insurance and commercial auto insurance that protect their booming enterprise from lawsuits, claims, and so on
BEST INSURANCE:Buying Financial Insurance in Canada
If you're a Canadian and have been in the
workforce for a decade or more, then you know that your income purchases
less today than the first year of your working career. Inflation is a
part of our society and while our government continues to devalue our
money by printing more and more of it, inflation will undoubtedly
continue. This is not only a Canadian concern though. All around the
world people are feeling the effects of inflation due to excessive money
printing; but more on that another time. The long-and-short-of-it all
is this: YOUR MONEY WILL continue to BUY LESS as the years go by.
A quick 100-year calculation using the Bank of Canada (BoC) inflation calculator showed the cost of a fixed "basket" of consumer purchases in 1915 was $100.00. At the end of 2015 that cost was $2,083.61. More recently, over the last 10 years prices have gone up 18.01%. Has your income gone up by the same or greater?
The answer is probably, No.
Whether you're a six-figure earner or you make 30k a year, your "money" is losing buying power. There are a lot of ways that you can protect your money from devaluation but we'll discuss two common options people take.
One option is the stock market; put a lump of your savings into a portfolio and see what happens. Sounds like gambling to me. But if you're prepared to leave your finances up to other factors (and people) other than your own due diligence, then putting your money into stocks may be a good fit for you under the following two conditions:
Really?
In today's economy, bank savings accounts are not a viable savings vehicle. Most of the interest rates offered are earning below inflation rates. The sad reality is many savers make a future withdrawal only to realize that thy have lost money on an after-inflation basis.
So, what do you do if you're not a savvy investor?
Buy financial insurance.
We have insurance for almost every aspect of our lives yet insurance is something many of us hopes we never need to use.
Buying financial insurance in Canada, or anywhere else for that matter, is putting your money into a vehicle that is protected long-term from the ups and downs of the volatile economy.
Buying financial insurance preserves your buying power and provides a hedge against inflation.
The global economy is changing but the only economy that should matter to you is yours.
Take the time to get further educated on buying financial insurance in Canada.
A quick 100-year calculation using the Bank of Canada (BoC) inflation calculator showed the cost of a fixed "basket" of consumer purchases in 1915 was $100.00. At the end of 2015 that cost was $2,083.61. More recently, over the last 10 years prices have gone up 18.01%. Has your income gone up by the same or greater?
The answer is probably, No.
Whether you're a six-figure earner or you make 30k a year, your "money" is losing buying power. There are a lot of ways that you can protect your money from devaluation but we'll discuss two common options people take.
One option is the stock market; put a lump of your savings into a portfolio and see what happens. Sounds like gambling to me. But if you're prepared to leave your finances up to other factors (and people) other than your own due diligence, then putting your money into stocks may be a good fit for you under the following two conditions:
- You have the stomach for volatility and,
- Your primary objective is to see a substantial return in a short period of time... hopefully.
Really?
In today's economy, bank savings accounts are not a viable savings vehicle. Most of the interest rates offered are earning below inflation rates. The sad reality is many savers make a future withdrawal only to realize that thy have lost money on an after-inflation basis.
So, what do you do if you're not a savvy investor?
Buy financial insurance.
We have insurance for almost every aspect of our lives yet insurance is something many of us hopes we never need to use.
Buying financial insurance in Canada, or anywhere else for that matter, is putting your money into a vehicle that is protected long-term from the ups and downs of the volatile economy.
Buying financial insurance preserves your buying power and provides a hedge against inflation.
The global economy is changing but the only economy that should matter to you is yours.
Take the time to get further educated on buying financial insurance in Canada.
As an independent insurance advisor and income protection
specialist for almost a decade, Ryan has been providing clients with
customized personal insurance and financial solutions through
disability, life, critical illness, long-term care, and other personal
insurance products while providing strategies for hedging income and
preserving wealth.
BEST INSURANCE:How to Find the Best Insurance Agency?
When you need coverage, you should look to your insurance agency
to find the right policy. You might not be aware of some of the policies
available to you. While you might think your traditional insurance will
cover everything, you might be surprised to find out where traditional
homeowner's, rental, medical, and car coverage fall short.
Different Types of Coverage
If you should determine that you need any of these supplemental options, you should check with your insurance agency to find out whether they offer the coverage in question. Not all underwriters offer these policies. You may have to get these supplemental offerings from other agents.
If you have a dog, then you might want to purchase a dog bite or "pet liability" plan. While you might think that your four-legged friend would never harm anyone, there is always a chance that it could happen. According to the Insurance Information Institute, half of all incidents happen on the owner's property. While homeowner's liability may cover the medical costs, there can be complications, such as when incidents happen away from home. Having a specific dog bite policy will handle any unforeseen problems.
Those who live in coastal areas will want to get flood insurance. This protects your belongings from damage due to floods. What most homeowners don't realize is that traditional homeowner's plans do not cover this damage. That is why it is important to purchase these policies separately.
Burial coverage gives your surviving family members money to pay the cost of your funeral and burial. The cost is nominal, totaling only a few dollars a week or month. This policy is not often sold through a traditional insurance agency. You will either have to go to a broker or purchase from a funeral home.
Personal electronic equipment policies give you more protection than the standard homeowner's plan. A traditional plan does not cover damage caused by installation errors. These programs offer repair or replacement of electronics such as computers, stereos, and televisions.
If you have valuable items like jewelry or high-end electronics, then you want to have supplemental coverage. While your homeowners plan does cover some items in the event of fire or theft, it does not cover everything.
Some businesses offer their full-time employees short-term disability. However, if your company is not one of those groups, you should look into having short-term disability added. Medical plans will help to cover bills from doctors and hospitals, but it will not help to cover normal monthly bills that can pile up if you have to miss work. While not all short-term disability programs are the same, it is something you should check into to ensure that you don't fall behind on your bills.
You need to research and understand the different types of coverage available to you. If you are unsure, an insurance agency can assist you in finding the information you require.
Different Types of Coverage
If you should determine that you need any of these supplemental options, you should check with your insurance agency to find out whether they offer the coverage in question. Not all underwriters offer these policies. You may have to get these supplemental offerings from other agents.
If you have a dog, then you might want to purchase a dog bite or "pet liability" plan. While you might think that your four-legged friend would never harm anyone, there is always a chance that it could happen. According to the Insurance Information Institute, half of all incidents happen on the owner's property. While homeowner's liability may cover the medical costs, there can be complications, such as when incidents happen away from home. Having a specific dog bite policy will handle any unforeseen problems.
Those who live in coastal areas will want to get flood insurance. This protects your belongings from damage due to floods. What most homeowners don't realize is that traditional homeowner's plans do not cover this damage. That is why it is important to purchase these policies separately.
Burial coverage gives your surviving family members money to pay the cost of your funeral and burial. The cost is nominal, totaling only a few dollars a week or month. This policy is not often sold through a traditional insurance agency. You will either have to go to a broker or purchase from a funeral home.
Personal electronic equipment policies give you more protection than the standard homeowner's plan. A traditional plan does not cover damage caused by installation errors. These programs offer repair or replacement of electronics such as computers, stereos, and televisions.
If you have valuable items like jewelry or high-end electronics, then you want to have supplemental coverage. While your homeowners plan does cover some items in the event of fire or theft, it does not cover everything.
Some businesses offer their full-time employees short-term disability. However, if your company is not one of those groups, you should look into having short-term disability added. Medical plans will help to cover bills from doctors and hospitals, but it will not help to cover normal monthly bills that can pile up if you have to miss work. While not all short-term disability programs are the same, it is something you should check into to ensure that you don't fall behind on your bills.
You need to research and understand the different types of coverage available to you. If you are unsure, an insurance agency can assist you in finding the information you require.
BEST INSURANCE:How To Get The Best Insurance Quotes
What things should you keep in mind when looking for a way to
make payments to your current insurer without any hassle? What does the
insurance cover? Can you go for the online insurance option? Read on for
the answers to these commonly asked questions.
Most people tend to pay their insurance company whatever amount they demand in order to avoid the hassle. But is it compulsory for you to get car insurance quotes from a local company? No, you are not bound to do so, especially if you have access to the Internet. Almost, everything costs you loss if you buy it online, isn't it? So, why can't you get insurance quotes online? Of course, you can.
How to get quotes?
There is no doubt that the web has brought a revolution in the world of car insurance. Nowadays, getting insurance quotes from the comfort of your home is a piece of cake. There are so many insurance providers online that their quotes have become quite competitive.
So, how can you get quotes online? Well, it is simple. All you need to do is go to an insurance site offering quotes online upon request. Once you have chosen a site, you can enter your details and the hit Enter. You will get a quote instantly or after a few hours in your email. As an alternative, you can try out an insurance aggregator website, which will submit your entered information to a number of online insurers. You will get a lot of quotes in seconds in your desired order.
Once you have got the cheapest quote, you can complete your transaction by phone or through the website of the company that offered the quote.
Choose a responsive provider
Most people have to deal with dishonest insurers since they don't have the information they need. With the advent of online insurance companies, it has become a lot easier to get cheap insurance. If you have no idea where to go and what to do, you may want to try out an insurance quote aggregator site. What do you need to keep in mind during your research? The first and foremost thing is that you should not go with a company offering the lowest quotes and low quality service. The insurer should be ready to answer your questions when you call them. Moreover, they should respond to your emails and calls promptly.
Lastly, it is very important to keep in mind that you should go with only an insurance provider who is popular and trust worthy. What does this mean? How can you find out if an insurance provider is trusty worthy? You can easily weed good providers out of bad ones. You just need to go to insurance provider review sites and then read reviews on several providers. At the end, you should choose one that has lots of positive reviews.
So, if you are looking for cheap insurance quotes, you can use the two methods explained above. Since there are so many insurance providers online, it looks like the days of conventional, local brokers have been numbered. With the passage of time, online insurance quote providers will run circles around local providers.
Most people tend to pay their insurance company whatever amount they demand in order to avoid the hassle. But is it compulsory for you to get car insurance quotes from a local company? No, you are not bound to do so, especially if you have access to the Internet. Almost, everything costs you loss if you buy it online, isn't it? So, why can't you get insurance quotes online? Of course, you can.
How to get quotes?
There is no doubt that the web has brought a revolution in the world of car insurance. Nowadays, getting insurance quotes from the comfort of your home is a piece of cake. There are so many insurance providers online that their quotes have become quite competitive.
So, how can you get quotes online? Well, it is simple. All you need to do is go to an insurance site offering quotes online upon request. Once you have chosen a site, you can enter your details and the hit Enter. You will get a quote instantly or after a few hours in your email. As an alternative, you can try out an insurance aggregator website, which will submit your entered information to a number of online insurers. You will get a lot of quotes in seconds in your desired order.
Once you have got the cheapest quote, you can complete your transaction by phone or through the website of the company that offered the quote.
Choose a responsive provider
Most people have to deal with dishonest insurers since they don't have the information they need. With the advent of online insurance companies, it has become a lot easier to get cheap insurance. If you have no idea where to go and what to do, you may want to try out an insurance quote aggregator site. What do you need to keep in mind during your research? The first and foremost thing is that you should not go with a company offering the lowest quotes and low quality service. The insurer should be ready to answer your questions when you call them. Moreover, they should respond to your emails and calls promptly.
Lastly, it is very important to keep in mind that you should go with only an insurance provider who is popular and trust worthy. What does this mean? How can you find out if an insurance provider is trusty worthy? You can easily weed good providers out of bad ones. You just need to go to insurance provider review sites and then read reviews on several providers. At the end, you should choose one that has lots of positive reviews.
So, if you are looking for cheap insurance quotes, you can use the two methods explained above. Since there are so many insurance providers online, it looks like the days of conventional, local brokers have been numbered. With the passage of time, online insurance quote providers will run circles around local providers.
BEST INSURANCE:Tips for Saving Money on Insurance Premiums
For those who are looking to save some money in the new year, it
may be beneficial to research some ways to reduce the costs of car
insurance premiums. There are a variety of ways to pay less money each
month. The following are some ideas to consider implementing in order to
reduce monthly spending:
Liability Coverage on Older Vehicles
For anyone who has older vehicles, carrying only liability insurance is one way to reduce premiums. This is especially helpful for those who have older vehicles in addition to their vehicles used for primary transportation. Removing the collision and comprehensive pay can be a good way to reduce spending, particularly if the value of the vehicle is low. It could be that the cost of insuring the vehicle is higher than the replacement value.
One main consideration with this idea is whether or not there are payments due on the car. For anyone who is still financing, the agency may not allow a drop in coverage until it is paid in full. Also, if there is no way to replace the vehicle in the event of a crash, full coverage may be needed until funds are in place to do so.
Inquire About Safe Driver Discounts
Many agencies will offer discounts to those who have a clean driving record. These discounts are typically provided to those who have no tickets or accidents on their driving record in a specified timeframe. In addition, drivers should not have made any claims for comprehensive repairs, such as broken windshields.
Ask About Discounts for Good Grades
For those with children of driving age, a good report card can prove to be beneficial with regard to insurance costs. Discounts are often provided to kids who maintain a certain grade point average. The amount of the discount will vary from agency to agency. Also, the insurance agent will likely ask for proof of grade point average from time to time, so be prepared to provide that information on a regular basis.
Do Not Drive As Often
For those who are at a point in which they are not driving as often as they used to, agencies may provide a discount for doing so. If driving less is not an option, there still may be options to attain this discount. This can be done through carpooling or traveling using public transportation. This not only accomplishes the goal of spending less, but it will also save money in fuel costs, maintenance, and repairs on a vehicle. For those interested in this type of discount, the agency may require a device to be placed in the car to track mileage. Alternatively, the insurer may request a manual report of mileage on a regular basis.
Saving money is often a priority for many families, and saving on insurance premiums is an ideal place to start. Check with different insurers to see if additional discounts are offered that are different from the current agencies. It may be worthwhile to change providers to take advantage of these cost-saving measures.
Liability Coverage on Older Vehicles
For anyone who has older vehicles, carrying only liability insurance is one way to reduce premiums. This is especially helpful for those who have older vehicles in addition to their vehicles used for primary transportation. Removing the collision and comprehensive pay can be a good way to reduce spending, particularly if the value of the vehicle is low. It could be that the cost of insuring the vehicle is higher than the replacement value.
One main consideration with this idea is whether or not there are payments due on the car. For anyone who is still financing, the agency may not allow a drop in coverage until it is paid in full. Also, if there is no way to replace the vehicle in the event of a crash, full coverage may be needed until funds are in place to do so.
Inquire About Safe Driver Discounts
Many agencies will offer discounts to those who have a clean driving record. These discounts are typically provided to those who have no tickets or accidents on their driving record in a specified timeframe. In addition, drivers should not have made any claims for comprehensive repairs, such as broken windshields.
Ask About Discounts for Good Grades
For those with children of driving age, a good report card can prove to be beneficial with regard to insurance costs. Discounts are often provided to kids who maintain a certain grade point average. The amount of the discount will vary from agency to agency. Also, the insurance agent will likely ask for proof of grade point average from time to time, so be prepared to provide that information on a regular basis.
Do Not Drive As Often
For those who are at a point in which they are not driving as often as they used to, agencies may provide a discount for doing so. If driving less is not an option, there still may be options to attain this discount. This can be done through carpooling or traveling using public transportation. This not only accomplishes the goal of spending less, but it will also save money in fuel costs, maintenance, and repairs on a vehicle. For those interested in this type of discount, the agency may require a device to be placed in the car to track mileage. Alternatively, the insurer may request a manual report of mileage on a regular basis.
Saving money is often a priority for many families, and saving on insurance premiums is an ideal place to start. Check with different insurers to see if additional discounts are offered that are different from the current agencies. It may be worthwhile to change providers to take advantage of these cost-saving measures.
BEST INSURANCE:Six Uncommon Policies Your Insurance Agency May Offer
You want your home and family to be protected in case of an
accident. It is the best thing you can do. However, that protection can
be a little fickle. Your insurance agency may reimburse you in the event
of certain problems, but it might not provide funds for other issues.
In fact, if you do not have some of these policies, you may be footing
the bill yourself in the event of an accident.
Renter's Policy
Everyone knows it's a necessity to get an insurance agency to write a policy for a home, but many do not think about getting a policy when they are renting. Yes, your property owner has coverage for their property in the event of a fire or another incident. However, that policy does not cover your valuables. A typical policy only costs a few dollars a month and includes some liability coverage as well.
Pet Policies
Like your children, your four-legged family members need annual checkups and vaccinations in order to be in top health. In the event that they need an operation at some point, it can get expensive. You can check with your insurance agency to see if they offer coverage for your pet that will help offset some of their general care costs.
Antique Coverage
Having a homeowner or even a renter policy does not mean that your valuable antiques are protected. Some policies do not cover these items, as they can be costly to replace or restore. However, if you own valuable family heirlooms, you may check into additional coverage. In the event that something should happen to the property, you want to make sure you have full replacement value or restoration coverage.
Long-Term Care
Most employers offer some form of disability insurance. However, they do not always provide long-term care coverage. In the event you should need to go to a nursing home or require long-term home care, this type of policy can save you money in the end. If you purchase this policy when you are younger, you will not spend as much. However, they can be pricey if you are not careful. You may also only purchase one that pays for three to five years of service, as most holders need them for more than three years.
Longevity
Most people understand the need to put money back for their retirement. However, in some cases, even the best-laid plans can find you running out of money before you pass. By purchasing longevity plans from an insurance agency, you can help ensure you are not in a bind. This program allows you to receive a specified monthly amount beginning at age 85. For example, you purchase $50,000 indemnity at age 55. At age 85, you would begin receiving the same approximate amount yearly.
Wedding
Wedding plans are nominal in cost, but they can save you a lot of frustration. The average cost of the big day can be upwards of $24,000. If you have to postpone it due to inclement weather or the death of a family member, you could spend as much to get it back on track. Having something in place to help you in the event your big day doesn't go as planned is a good idea.
Renter's Policy
Everyone knows it's a necessity to get an insurance agency to write a policy for a home, but many do not think about getting a policy when they are renting. Yes, your property owner has coverage for their property in the event of a fire or another incident. However, that policy does not cover your valuables. A typical policy only costs a few dollars a month and includes some liability coverage as well.
Pet Policies
Like your children, your four-legged family members need annual checkups and vaccinations in order to be in top health. In the event that they need an operation at some point, it can get expensive. You can check with your insurance agency to see if they offer coverage for your pet that will help offset some of their general care costs.
Antique Coverage
Having a homeowner or even a renter policy does not mean that your valuable antiques are protected. Some policies do not cover these items, as they can be costly to replace or restore. However, if you own valuable family heirlooms, you may check into additional coverage. In the event that something should happen to the property, you want to make sure you have full replacement value or restoration coverage.
Long-Term Care
Most employers offer some form of disability insurance. However, they do not always provide long-term care coverage. In the event you should need to go to a nursing home or require long-term home care, this type of policy can save you money in the end. If you purchase this policy when you are younger, you will not spend as much. However, they can be pricey if you are not careful. You may also only purchase one that pays for three to five years of service, as most holders need them for more than three years.
Longevity
Most people understand the need to put money back for their retirement. However, in some cases, even the best-laid plans can find you running out of money before you pass. By purchasing longevity plans from an insurance agency, you can help ensure you are not in a bind. This program allows you to receive a specified monthly amount beginning at age 85. For example, you purchase $50,000 indemnity at age 55. At age 85, you would begin receiving the same approximate amount yearly.
Wedding
Wedding plans are nominal in cost, but they can save you a lot of frustration. The average cost of the big day can be upwards of $24,000. If you have to postpone it due to inclement weather or the death of a family member, you could spend as much to get it back on track. Having something in place to help you in the event your big day doesn't go as planned is a good idea.
BEST INSURANCES:How Much Influence Do Insurance Companies Have in Our Lives?
Responsible people when purchasing a home, car, business, or want
to prepare financially for the future obtaining some kind of insurance
policies. On the other hand trying registering a car or purchasing a
home having a mortgage without insurance, would not be permitted by law.
I can't think of any other for profit industry that has the power in
getting our governments to make life changing legislature. Here is why I
think they're able to accomplish controlling many facets on what we can
and cannot do?
It all begins with people they hire called actuaries, they assess risk factors in people's lives. Then those statistics determine our insurance costs. As an example an eighteen year old male, living in a major city, driving a Honda Civic will pay a small fortune with their car insurance. They have determined males of that age have more accidents, the chances for theft is higher in a big city, and there are many Honda Civics out there meaning more claims. Still using driving, I agree that wearing a seatbelt can save a person's life in an accident, but up until the last few decades it wasn't a law, but an option. I presume back then the insurance companies figured-out that if they go to the government showing statistics, they could get a law passed where everyone was required to wear a seatbelt which they did.
As I mentioned above they are all about profit, not as much about our safety as they would like us to believe. Just think by having had the government put in place a seatbelt law how much money did they save in claims. The government is not innocent here either, again they pitched safety, but made some serious revenues from ticketing those not wearing seatbelts. There were many stubborn people in those days who opposed the law and paid a hefty price. The thing is when it comes to making a premium price they can do what they want, but when the risk factor is high, out of their control, then enlisting the government to make laws for them are perfect. Let's face it the easiest way to get people to buy into a trip is through fear!
I know this might be a taboo subject for most, but smoking is another avenue where the risk factor for insurance companies paying-out was higher than those who didn't. However being a legal substance for those of the age of majority, how would they reduce their risk factors in medical policies? Again recruit the governments, use the medical communities, and scare the hell out of the general population that smoking will kill them. Obviously smoking is terrible for one's health, but again I veer back to it being a legal product. However once the campaign against smoking got steam where people bought-in, they made and enforced laws preventing smoking in certain areas, eventually all public and work places. Remember this is all about our safety and health. With that said how much money are insurance companies saving on claims from smokers? Let's not forget our government highly taxing cigarettes to discourage us from using them. It great knowing that our government and insurance companies are simply nice folks watching-out for our well-being! Right! No motive just kindness and consideration for all! What a great world we live in!
I have no doubt the actuaries determined that work places weren't safe enough, so that made insurance companies more vulnerable for payouts from workers and customers getting injured. How much more not sure, but they as usual enlisted the government to change the work place safety laws, all under the owners expense. The truth is again insurance companies are businesses, if someone makes a claim with all the laws in place, companies following certain set procedures, they have a better chance of not paying-out. The government is also as usual gets a piece of action too, if businesses don't comply they receive hefty fines. So again is it about our safety or their money?
In conclusion I have not doubt that the insurance companies have a nice effect in regulating our country, and huge influence in how we live our lives!
It all begins with people they hire called actuaries, they assess risk factors in people's lives. Then those statistics determine our insurance costs. As an example an eighteen year old male, living in a major city, driving a Honda Civic will pay a small fortune with their car insurance. They have determined males of that age have more accidents, the chances for theft is higher in a big city, and there are many Honda Civics out there meaning more claims. Still using driving, I agree that wearing a seatbelt can save a person's life in an accident, but up until the last few decades it wasn't a law, but an option. I presume back then the insurance companies figured-out that if they go to the government showing statistics, they could get a law passed where everyone was required to wear a seatbelt which they did.
As I mentioned above they are all about profit, not as much about our safety as they would like us to believe. Just think by having had the government put in place a seatbelt law how much money did they save in claims. The government is not innocent here either, again they pitched safety, but made some serious revenues from ticketing those not wearing seatbelts. There were many stubborn people in those days who opposed the law and paid a hefty price. The thing is when it comes to making a premium price they can do what they want, but when the risk factor is high, out of their control, then enlisting the government to make laws for them are perfect. Let's face it the easiest way to get people to buy into a trip is through fear!
I know this might be a taboo subject for most, but smoking is another avenue where the risk factor for insurance companies paying-out was higher than those who didn't. However being a legal substance for those of the age of majority, how would they reduce their risk factors in medical policies? Again recruit the governments, use the medical communities, and scare the hell out of the general population that smoking will kill them. Obviously smoking is terrible for one's health, but again I veer back to it being a legal product. However once the campaign against smoking got steam where people bought-in, they made and enforced laws preventing smoking in certain areas, eventually all public and work places. Remember this is all about our safety and health. With that said how much money are insurance companies saving on claims from smokers? Let's not forget our government highly taxing cigarettes to discourage us from using them. It great knowing that our government and insurance companies are simply nice folks watching-out for our well-being! Right! No motive just kindness and consideration for all! What a great world we live in!
I have no doubt the actuaries determined that work places weren't safe enough, so that made insurance companies more vulnerable for payouts from workers and customers getting injured. How much more not sure, but they as usual enlisted the government to change the work place safety laws, all under the owners expense. The truth is again insurance companies are businesses, if someone makes a claim with all the laws in place, companies following certain set procedures, they have a better chance of not paying-out. The government is also as usual gets a piece of action too, if businesses don't comply they receive hefty fines. So again is it about our safety or their money?
In conclusion I have not doubt that the insurance companies have a nice effect in regulating our country, and huge influence in how we live our lives!
What Does Ocean Marine Insurance Cover?think again..
What Is Ocean Marine Insurance?
It is a type of transit insurance which protects goods and merchandise that are being transported by vessels over foreign or domestic water. It also involves coverages for damages sustained by the vessels during shipments.
Depending upon the insured entity or companies requirements, ocean marine insurance can undergo the form of a number of distinct contracts. The insurance policy promises protection against all sorts of risks.
Coverages by Ocean Marine Insurance
This type of insurance policy provides protection against a wide array of damages that may occur during the course of shipment. These may encompass perils of the nautical journey such as:
1. Collision with icebergs or another vessel
2. High waves
3. Shipwrecking
4. Ship hull failure
It also encompasses damages or harm caused by jettison, pirates, and barratry which is a fraudulent breach by the ship's owner that includes embezzling the cargo, deserting or stealing the ship.
Some of the most popular coverages included in ocean marine insurance policies are:
Cargo Insurance Coverages
This type of insurance compensates the shipper of the merchandise/goods if damages have been sustained. The cargo can be insured in any one of the two following ways that depends on the particular insurance requirements of the shippers:
1. A single shipment only
2. Automatic coverage for each and every shipment
Freight Insurance Coverages
This type of coverage backs up the owner of the ship financially that is carrying the goods in case of any misfortunate event when the cargo and merchandise is either harmed or lost.
Protection & Indemnity Insurance Coverages
This type of insurance is for the protection of the owner of the ship. It protects the vessel's owner against any legal binding or liability which may arise because of physical body injuries or damages to the properties belonging to others.
Hull Insurance Coverages
This type of coverage is somewhat similar to the coverage policies of auto insurance in case of a collision. Anything that has the potential to cause damage to the vessel or the ship is protected through this insurance policy. If you are deciding to purchase this policy, then it is important to note that you may have to pay for certain deductibles in case of the event of covered losses.
The hull insurance coverage also has a unique feature called the collision liability coverage which provides liability coverage to the owner of the ship or the vessel in any event when it causes harm to any other vessel or the cargo being transported by that ship. The only drawback is that this provision does not account for any liability that causes bodily harm to others.
It is a type of transit insurance which protects goods and merchandise that are being transported by vessels over foreign or domestic water. It also involves coverages for damages sustained by the vessels during shipments.
Depending upon the insured entity or companies requirements, ocean marine insurance can undergo the form of a number of distinct contracts. The insurance policy promises protection against all sorts of risks.
Coverages by Ocean Marine Insurance
This type of insurance policy provides protection against a wide array of damages that may occur during the course of shipment. These may encompass perils of the nautical journey such as:
1. Collision with icebergs or another vessel
2. High waves
3. Shipwrecking
4. Ship hull failure
It also encompasses damages or harm caused by jettison, pirates, and barratry which is a fraudulent breach by the ship's owner that includes embezzling the cargo, deserting or stealing the ship.
Some of the most popular coverages included in ocean marine insurance policies are:
Cargo Insurance Coverages
This type of insurance compensates the shipper of the merchandise/goods if damages have been sustained. The cargo can be insured in any one of the two following ways that depends on the particular insurance requirements of the shippers:
1. A single shipment only
2. Automatic coverage for each and every shipment
Freight Insurance Coverages
This type of coverage backs up the owner of the ship financially that is carrying the goods in case of any misfortunate event when the cargo and merchandise is either harmed or lost.
Protection & Indemnity Insurance Coverages
This type of insurance is for the protection of the owner of the ship. It protects the vessel's owner against any legal binding or liability which may arise because of physical body injuries or damages to the properties belonging to others.
Hull Insurance Coverages
This type of coverage is somewhat similar to the coverage policies of auto insurance in case of a collision. Anything that has the potential to cause damage to the vessel or the ship is protected through this insurance policy. If you are deciding to purchase this policy, then it is important to note that you may have to pay for certain deductibles in case of the event of covered losses.
The hull insurance coverage also has a unique feature called the collision liability coverage which provides liability coverage to the owner of the ship or the vessel in any event when it causes harm to any other vessel or the cargo being transported by that ship. The only drawback is that this provision does not account for any liability that causes bodily harm to others.
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