Insurance Analysis
Highly qualified and experienced insurance industry consultants
Know your facts while shopping for auto insurance
Though most people treat buying auto insurance as a tedious chore, there’s no idea buying auto insurance if you cannot get the full benefit of it when you need it most. Here’s a list of often missed facts that you ought to know before you start shopping for auto insurance.
Bluebook Value of your car: when you file a claim of your car, the blue book value is taken into account. Bluebook value is simply an appraisal of how much a similar car (make and model) with cost in your area. Insurance companies use this as a reference point to settle your claims fairly when your car is totaled. Oft
Car Insurance myths
Since insurance rates vary from person to person, there are a lot of misconceptions doing the rounds. These issues baffle most people, especially those new to car insurance. It is better to dispel those myths now, before you have a claim, than to end up disappointed later.
Here is a list of the most popular car insurance myths and accompanying facts.
Myth If I total my car before it is completely paid off, my car insurance company will pay the balance amount to my creditor
- Fact- This is probably one of the most popular car insurance myths doing the rounds. Whenever a car is totaled, the car insurance company only pays you the blue book value of that car, which factors in depreciation and the market value of the car at that point.
The expert’s guide to choosing auto insurance
Even if you already have car insurance, it doesn’t hurt to shop around to make sure you’re getting the best deal. Just because you’ve been with an insurance company for a long time doesn’t always mean you’re paying the lowest car insurance rates possible. You could be stuck with an overpriced policy and not even know it. If you’re currently in the market for auto insurance, here are some things to consider as you choose your new policy:
Understand your current policy The first thing to do when choosing auto insurance is to understand the policy you presently have. Look at how
Is Cheap Auto Insurance Good To Have?
Auto insurance has been made mandatory in many of our states. Because of the benefits of auto insurance there should not have to be a mandatory law for the driver to have auto insurance. If you car is damaged in an accident, auto insurance wil help to defray the high costs of auto repairs.
If you have a job that requires you to travel from state to state it would be wise to know the auto insurance laws of those states you will be traveling through. If your state does not require that you have auto insurance and you have an accident in a state that does you will have a legal problem. It is best to always carry some sort of auto insurance.
Auto insurance is costly but you can find cheap auto insurance online and this is the best way to shop for cheap auto insurance.
Protecting Your Belongings with Homeowners Insurance
Most homeowners have some sort of insurance policy to protect their belongings in the event that something should occur, such as a fire, robbery, flood or other natural disaster. There are a lot of people who are under the erroneous impression that it is extremely expensive to have homeowners insurance. However, there are actually plenty of cheap house insurance policies available. Depending on the area you live in and how high the possibility of weather disasters or other such occurrences on, you may be able to obtain a very good home insurance policy. Read more…
Is auto insurance online the best way to insure your car
If you look back, perhaps a decade ago, there were a lot of insurance agents. They used to be on the move. You might have come across many auto insurance sales representatives who had tried to convince you to go for an insurance policy. Those were the times, when the world was full of insurance agents. Some of these agents used to be independent agent, who used to sell insurance policies of many firms, while there were few captive insurance agents that only used to sell insurance policies of a particular firm.
However, the trend has changed now, and you will find auto insurance online quite popular. Read more…
Understanding how to buy health insurance
Understanding how to buy health insurance
There’s no one-size-fits-all health insurance plan. Your needs should dictate your coverage. Here are a few questions you should ask yourself when shopping for health insurance:
- Do you want it to cover the cost of an office visit every time someone in the family needs care?
- Do you just want a safety net to protect you in case of something catastrophic?
- How much money do you typically spend on health care in a year?
If you usually don’t spend much on health care, you might be best served by a high-deductible plan with a health savings account, or HSA, for out-of-pocket costs.
A plan that offers special features, such as a flexible spending account, or FSA, or health savings account may be enticing.
Getting Renters Earthquake Insurance
Many basic renters insurance policies do not cover earthquakes. Generally, earthquakes can only be covered if you have a floater policy or an additional rider which covers such events. Here are some tips if you are planning to get earthquake coverage with your renters insurance policy.
1. The first thing you need to do would be to make an itemized list of all of your belongings. You would then need to document all of the major items which you have on it. If possible, photograph or videotape each of the items and make copies of their sales receipts.
2. This itemized list should be stored in a safe place which fireproof and earthquake-safe. A god place to store this would be on an electronic document uploaded to a website.
3. Read more…