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4 steps to Lower your Car Insurance

26 September 2019 By admin Leave a Comment

Negotiating lower car insurance can help you save hundreds of dollars each year. Here’s how to lower car insurance in 4 steps today

Step 1: Find how much coverage you need

Most U.S. states — besides New Hampshire and Virginia — require you to get car insurance as well as a certain amount of liability coverage you need.

When it comes to the amount of liability that’s required, you’ll typically need to find coverage in three areas

Step 2: Find your current plan

If you don’t have your current plan in front of you, how can you know how to lower your car insurance?

That’s why you need to find out what your current policy looks like. Go digging through the glove compartment for it, check your files, or call your insurance company. This is important information you can leverage when negotiating with your current insurance provider.

Step 3: Shop around

To start, you can use a rate comparer tool such as this one to compare quotes from different insurers.

I prefer talking to a rep on the phone, though, because they always tell me about other deals that the websites don’t offer.

When consulting with a rep or looking up quotes online, be sure to find out how much exactly you’ll be paying in these two areas.

See Full Story at www.iwillteachyoutoberich.com

Does car insurance cover theft?

1 August 2019 By admin Leave a Comment

Car theft is a serious matter, and it can happen to anyone. In 2017, there were 773,139 incidents of vehicle theft. That figure has dropped significantly since its almost 2 million high in 1991. But authorities say thieves are constantly coming up with sophisticated ways to steal vehicles.

Auto insurance can cover stolen cars. While DiPaolo only had her state’s minimum coverage, there are additional coverages that include vehicle theft. You can add them onto any policy.

In order to cover theft, policyholders should have comprehensive coverage, according to Tony Arevalo, auto insurance expert with Carsurance.net.

“With comprehensive insurance, you should be covered all the way up to the ACV – Actual Cash Value, which is why this type of insurance is recommended to anyone with a car worth over $3,000,” Arevalo says.

Insurance companies calculate the ACV as the replacement cost of an item, minus depreciation.

Comprehensive insurance will cover anything that happens to the vehicle that is outside of the driver’s control. These events are usually defined as an “acts of God or nature” in the fine print. The most common things covered by comprehensive insurance are: flooding, hail, fire, and vandalism.

See Full Story at cover.com

Tips for Choosing the Right Public Liability Insurance

25 July 2019 By admin Leave a Comment

Considering the importance of public liability insurance, you have to make sure that you choose the right insurance company. Not every insurance policy gives the same offers. So, here are the tips on choosing the public liability insurance for your company:

Analyze Your Business Risk

Insurance company will determine how high the risk that they’re going to bear after learning your application. They will see whether they can give you full or partial coverage. Therefore, make sure you completely comprehend your business risk.

Make Sure That the Policy Covers All Your Business Activity

After acknowledging your business risk, you need to ensure that your insurance company provide a policy that supports all of your business activity. Read the policy carefully. Pay attention to things that are covered and not.

You may ask questions like this:

Does this policy protect all of the activities related to my business? Does this policy only cover the public liability or also include the product liability? What is included and not included in the public liability policy? And lastly, who is covered by the policy?

By Syifa Fadiyah

See Full Story at www.hashmicro.com

How to save on your public liability insurance

23 July 2019 By admin Leave a Comment

To make finding and comparing your next public liability and business insurance policy a little easier, we’ve put together some useful tips below or you can hit the “get a quote now” button to begin the quotes process.

Choose the right cover level

It’s important that you choose the right level of public liability insurance. The lowest level of cover is £1 million; however, you can also take out cover protecting you for £5 million or £10 million if necessary.

Choosing the right level depends on the nature of your business, and you should ask the companies that you work with whether they stipulate a certain level. For example, if you are working on a government contract, you are likely to require a high level of cover in this area (usually between £5 and £10million)

What to look out for?

You need to ensure that the insurance policy covers you for the right business activities. For example, certain policies may not cover you if you work above certain heights (e.g. 10 m) or with heat. To check, make sure you read the policy exclusions and endorsements in full. This information can be found on our results page for each quote that you receive.

Tips on saving money

Most importantly you need to ensure that an insurer provides a policy that adequately supports your business activities. Unlike car or home insurance, there are many variations between insurers, so do check policy wordings, endorsements and exclusions in detail. Also check that your cover levels are adequate for your business needs.

By Kevin Pratt

See Full Story at www.moneysupermarket.com

Top Things you need to Know About Workers’ Compensation Insurance

18 July 2019 By admin Leave a Comment

Workers’ compensation insurance is a vital (and, unless you’re in Texas, legally mandated) part of your business.

Workers’ compensation, or workers’ comp, is an insurance program that provides benefits to workers who were injured or became ill on the job to make up for medical costs and lost wages while they were out of work.

Workers’ comp insurance generally covers injury or loss of limb, illness caused by the job environment (like emphysema), repetitive motion injuries, permanent impairment, medical treatment, rehabilitation, lost wages, death, and liability insurance. Workers’ comp will provide coverage regardless of who is at fault – the employee, the employer, co-workers or even customers.

While it might seem like just another business expense, workers’ compensation insurance can actually protect you from litigation should an employee become injured or sick as a result of the job.

“Workers’ compensation insurance exists primarily to protect the employer,” said Chane Steiner, CEO of Crediful. “It is much better to pay for insurance to protect your business in case you are hit with a major claim and don’t have the funds to pay it directly.”

By Kiely Kuligowski

Read full story at business.com

Ways to save money on your home and car insurance

11 July 2019 By admin Leave a Comment

Depending on where you live, what kind of property you own and what type of vehicle you drive, insurance premiums can be a costly expense.

But there are ways to reduce those costs, and sometimes all it takes is a phone call to your insurance agent. Here are 10 tips on how to save money on insurance:

YOUR VEHICLE

Your car’s safety features

If your vehicle has modern safety features, such as a lane departure warning system and blind spot detection, some insurance providers may give you a discount.

The type of car you drive also matters. Each vehicle make and model is rated differently by insurance companies, based on safety features and theft rates.

Your driving habits

A number of insurers offer their clients the option to use telematics technology, which tracks driving habits such as speed, braking patterns and distance travelled.

Those who demonstrate good driving habits can be rewarded with lower insurance premiums. At Allstate Insurance that discount can be up to 30 per cent, said Greg Bergeron, Allstate’s Ottawa-area agency manager.

Some insurance providers also offer low-mileage discounts to clients who don’t drive their cars very far or often.

Drop collision coverage on older vehicles

If your vehicle is more than 10 years old and of low value, consider dropping collision coverage.

“That can save you a few hundred bucks easy,” Bergeron told CTVNews.ca in a phone interview from Ottawa.

“This may seem like a common thing, but a lot of people don’t think about it.”

The general advice from most insurance experts is to drop collision and comprehensive coverage when repairs to older vehicles no longer make financial sense.

Parking spot

Regularly parking your car in a driveway or a garage instead of on the street or in a lot will also save you some money, since there’s less chance that someone will hit it.

Winter tires

“We definitely reward individuals who have winter tires and it’s proven that people with winter tires have less frequency of accidents,” Bergeron said.

Many other insurance providers also offer winter tire discounts. At CAA, for example, that discount is five per cent.

See Full Story at www.theloop.ca

How to choose the best Car Insurance

20 December 2018 By admin Leave a Comment

Here are a few other tips to keep in mind when shopping around for car insurance, based on a report published by Black Enterprise in 2015.

Before you begin comparison shopping, find out your state’s minimum insurance requirements and make sure you’re covered for an amount equal to the total value of your assets.
Keep premiums low by choosing collision coverage with a high deductible and plan to pay routine repair costs out-of-pocket.
Be sure to comparison shop. Visit insurancepanda and Insurance.com to complete an application form for comparison quotes from several insurance companies.
There are three kinds of insurers: Direct sellers such as GEICO and Progressive that sell coverage directly to you, large national brands such as Allstate and State Farm, and independent insurance agents that offer various insurance options from many different companies. Direct sellers favor drivers with impeccable driving records so you may have trouble qualifying for coverage if you have a history of accidents or moving violations. National brands are helpful for drivers with spotty records and their rates are usually competitive. Independent agents have great inroads to help get you better coverage at better rates than what you’d find on your own.
Ask about all available discounts. There is almost always a way to save money. You may get a discount if your car has antilock brakes, if you don’t drive your car often, or if you take a defensive driving class. Request a list of all possible discounts to see if you qualify.
Skip towing insurance. It’s better to take that extra money and join an auto club such as AAA instead. In addition to towing, you’ll have roadside assistance when you need it.
Bundle if you can. More insurance companies are offering substantial savings—up to 20%—when you protect all your property with one insurer. Multiple-policy discounts can apply to combinations of home, auto, life, and even motorcycle insurance.

by Jeffrey McKinney

See Full Story at www.blackenterprise.com

Does home insurance for an older property cost you more?

14 August 2018 By admin Leave a Comment

How much does it cost to insure an older home?

The age of your property can determine the size of your annual insurance bill. Homes built towards the end of the 19th century have the highest home-insurance premiums, coming in at around £160 a year, Consumer Intelligence found.

By contrast, properties build post-2000, including new-build homes, are cheaper to insure, with an average annual home insurance premium of £117, £43 cheaper. Overall, the average UK buildings and contents policy costs £133 annually.

Why do older homes have a higher premium?

Higher home insurance premium for older properties reflect the higher cost of claims made by their owners. You’re more likely to need to make a claim for an older homes, as the roofing, plumbing and wiring are prone to wear out or develop faults.

And when repairs are needed, replacement materials for 19th century houses are more expensive to source. Insurers factor in the higher cost they’re likely to incur from these properties, and charge owners more accordingly.

Risks of buying an older home

In addition to higher insurance premiums, there are several risks to consider if you’re thinking about buying an older property. These include:

Dangerous substances

Older properties are at risk of containing dangerous substances like lead and asbestos which were commonly used in the construction of properties until relatively recently.

Subsidence

Victorian and Edwardian homes have a higher risk of subsidence than newer properties. Subsidence happens when the foundation of a house collapses or sinks and often causes sudden cracks to appear in plaster or brickwork.

Damp and mould

Older buildings are more likely to develop damp and mould than newer homes as they were not built with damp proof materials and roof felting.

By Brean Horne

See Full Story at www.which.co.uk

How to cut the cost of your car insurance

9 August 2018 By admin Leave a Comment

The list explains how making tweaks to your policy such as adding a more experienced driver and staying clear of added extras could reduce the cost quite considerably, particularly for younger drivers who are usually stung for much higher premiums.

Matt Oliver from GoCompare Car Insurance said: “While the amount people could save from each of these car insurance hacks will vary based on their circumstances, people should know that it can really pay to get engaged when it comes to their insurance.”

Use the right job title

Some occupations are considered more risky than others, according to GoCompare. But there are also situations where there is more than one job title on the pre-defined list which describes your occupation. Where this is the case, you could make some savings.

If you are a chef, for example, the average quote for this job title is £88 higher than for ‘kitchen staff’. There are other similar options for people who do office work, building and construction, teaching and journalism.

What’s more, if you are a student or full-time parent it’s important you don’t describe yourself as ‘unemployed’. You could save yourself up to £300 by not making this mistake, said GoCompare.

Add a more experienced driver

Young and inexperienced drivers could save money by adding someone with a few years more driving behind them, said GoCompare.

Putting someone like a parent on the policy could save as much as £520 according to GoCompare’s figures. But older drivers who are deemed low risk can also benefit from having an experienced named driver on their policy.

Beware of ‘fronting’, where a younger driver claims to be the additional driver when they are actually the main driver – this is illegal.

Plan ahead

GoCompare said car insurance is, on average, cheaper if bought a week before the start date. Getting it sorted in advance could save as much as 12%, it revealed.

Pay annually

Paying monthly is, according to GoCompare, almost always more expensive and putting down one lump sum in advance could knock up to £120 off the price.

If you cannot afford this much money in one payment, GoCompare recommends using a 0% interest credit card. Just ensure you pay off the balance on the card before the interest-free period ends.

By Kate Saines

See Full Story at www.themoneypages.com

9 nightmares your travel insurance won’t cover

31 July 2018 By admin Leave a Comment

Travel insurance is designed to perform best in simple situations where you prepaid for vacation components. For example, trip cancellation: when you or a loved one gets sick or has an accident that prevents your travel; or trip interruption: when something happens to prevent you from reaching your destination or staying there.

Those kinds of travel insurance are good at getting back whatever money you can’t get back directly from the suppliers, and that’s enough for many travelers. But many problems that often arise fall around the edges of travel insurance policies, and may not be covered.

Squaremouth, a travel insurance comparison site, recently shared some “surprisingly common” nightmares that standard travel insurance often doesn’t cover. Squaremouth names three situations for each of the following categories: air travel, hotel stays, and on-the-ground bookings once you’ve arrived.

Here are potential travel insurance nightmares to be on the lookout for, and how you might be able to avoid or remedy it.

• Security delays: Travel insurance typically doesn’t cover you if you miss a plane due to excessively long lines at TSA. While those aren’t your fault, they also aren’t the fault of the airline. If you frequent busy airports, consider TSA Precheck where it’s available.

• Bumping: Insurance typically doesn’t cover downstream cancellation penalties if you’re bumped from a flight and miss a subsequent departure.

• Mileage flights: If your flight on a frequent-flier award ticket is canceled or otherwise impacted, insurance can’t replace or pay you for points. It may, however, cover the cost or re-deposit unused miles thereafter.

• Lost lodging reservations: A lost lodging reservation isn’t covered by travel insurance, and instead will have to be taken up with the company or travel agent that lost it.

By Ed Perkins

See Full Story at www.wkyc.com

Insurance Agency Singapore | Commercial Insurance and Personal Insurance