Tips Archives - Insurance Agency Singapore | Commercial Insurance and Personal Insurance

Things you should consider when buying travel insurance

5 September 2019 By admin Leave a Comment

Do I actually need travel insurance for this trip?

If your current medical insurance firm already provides coverage for the area or country you are traveling to you may not need an additional policy. So, first, sit down read through it and see what is covered and what is not. Pay particular attention to what happens if you need to be transported home in an ambulance. Often, this is not fully covered by a regular medical insurance policy.

In addition, some home insurance policies provide coverage for possessions like phones that are lost or damaged outside of the home. Checking with your provider could potentially save you money.

Find out what is covered

Before buying, check what is covered and what is not. For example, not all firms automatically include medical repatriation in their policies. They will pay for your hospital stay, but, not for a medical professional to bring you home in an air ambulance. You should never assume everything will be covered, always double-check.

Be particularly careful about pre-existing conditions. Each insurance company has its own definition and list of conditions that are not covered.

See Full Story at www.wanderwithjo.com

Tips on getting a better car insurance rates

29 August 2019 By admin Leave a Comment

To obtain better car insurance rates, drivers should follow the next tips:

Maintain a clean driving record. Insurance companies will reward drivers who do not commit car accidents or receive traffic fines. Drivers who are fined for a traffic violation will have their insurance rates increased upon the next renewal. In some cases, the insurance premiums will be doubled or even tripled.
Drive fewer miles. Policyholders that from various reasons are driving fewer miles, should contact their insurers and check if they are eligible for a low-mileage discount. Insurance companies offer this type of discounts to those drivers that drive fewer miles than a certain limit. Usually, this discount can be as large as 20%.
Adjust the deductibles. To lower the price of car insurance premiums, policyholders can agree to pay more money out of their pockets if they are involved in a car accident and are required to file a claim. However, drivers should ensure they have saved enough money to pay for the deductibles.
Keep a good credit score. Insurance companies claim they found a correlation between a driver’s credit score and the possibility for that driver to file a claim. Drivers with poor credit score have higher chances to file a claim compared to drivers that have a good or excellent credit score. For this reason, drivers with a poor credit score will pay more on their insurance premiums.
Compare online insurance quotes. Drives are recommended to compare multiple online insurance quotes from different insurance companies. Before choosing an insurance deal, drivers should compare at least three insurance quotes.

See full story at www.buffalonynews.net

Tips For Paying Less on your Auto Insurance Premiums

27 August 2019 By admin Leave a Comment

However, this coverage can be costly, so finding effective ways to lower your premiums may be helpful.

Buy a used car

The costs of your insurance will be based on the retail value of the automobile you drive. This makes it a great idea to buy a vehicle that’s used but in good condition. Doing this can save you money in many ways. You’ll have a lower monthly payment, and your insurance costs will be much less.

Pay annually

It’s a great idea to avoid paying your car insurance annually if possible. If you opt for a monthly payment, you will be charged extra. There are administrative fees that will accompany this mode of payment, and you’ll end up paying much more.

Keep your bills paid

Ensuring that you have a good credit rating is one of the top ways to minimize your car insurance. This can be done by taking the time to pay your bills when these are due. You don’t want to be late on any of your expenses if you wish to have the highest credit rating possible.

Ask questions

There may be several discounts you can receive that you aren’t even aware you can get. Taking time to make the right inquiries can alert you to this fact. Working closely with your insurance agent may be one of the top ways to pay less for your car coverage in the long run.

See Full Story at chemicaldetectives.com

How to Lower Your Car Insurance Rates

22 August 2019 By admin Leave a Comment

Here you’ll find the simplest, most practical ways to lower your auto insurance premiums:

1. Shop Around for the Best Rates

Comparing rates sounds like a given, but here’s the thing: Too many people stick with the same auto insurance company and same insurance agent because that’s easy. There’s something to be said for brand loyalty, but it’s also important to shop.

Why? Car insurance companies use different algorithms to determine costs. Additionally, many offer first-year deals to new customers.

The easiest way to compare rates is to use an online car insurance search engine, like The Zebra. It breaks down your insurance “in black and white” and compares your policy options from 204 providers in less than 60 seconds.

Just enter information about your car and your coverage needs, and The Zebra shows dozens of side-by-side quotes from top insurance companies for free. We talked to Artie Januario, who found new insurance through The Zebra and managed to knock off $30 a month — or $360 a year — from his premium.

2. Continue to Shop for a Lower Rate Every 6 Months

Comparing rates once won’t cut it. They can change month to month — even day to day.

There are a number of fluctuating personal factors that can affect your insurance rates, including your age, location, marital status and credit score. But consider external factors, too, like natural disasters, crime rates and the economy.

by Carson Kohler

See Full Story at www.thepennyhoarder.com

Bring these expert tips for buying travel insurace anywhere you go

20 August 2019 By admin Leave a Comment

How to buy the best travel insurance. Here’s what expert says:

Make sure you’re not already insured

“One potential mistake people can make when purchasing a travel insurance policy is that you could potentially end up buying a policy that has some duplication of benefits with what you already have,” says Joel Ohman, founder of InsuranceProviders.com, an insurance site. He advises you to review the benefits you already have with any of your other current insurance policies, credit cards, and membership programs. Actually, any legitimate agent will tell you to check your other policies before buying another one. Otherwise, you could buy too much insurance.

Look for a guarantee

That’s Jeewanjee’s advice. For example, G1G offers a service guarantee that promises its policies will meet a high standard. Its quality assurance process includes an analysis of a company’s BBB report, customer reviews, claims payout ratio, reinsurers credit history, and other benchmarks. “We help our customers throughout the whole process of purchasing a travel insurance plan from start to finish, and what we do makes the process easy,” he says.

Make sure it’s real insurance

It isn’t always, says Shylar Bredewold, CEO of Odyssean Travel, an online travel agency. “I’ve seen some very decent cruise protection plans,” he says. “But these should not be confused with insurance and often come with disclaimers stating that they are indeed distinct from a coverage policy.” Bredewold says the difference between “protection” and “insurance” has been a hot topic in the insurance industry lately. (Technically, “protection” isn’t an insurance product.) “Travel professionals continue to be vigilant in what they recommend to clients, even when we trust the supplier,” he adds.

by Christopher Elliott

See Full Story at www.travelersunited.org

How teen drivers can save money on car insurance

15 August 2019 By admin Leave a Comment

Teen drivers can save money on car insurance if they follow the next tips:

Check the car before hitting the road. Teen drivers should prepare their vehicles before driving. To do that, teens are recommended to check the gauge levels, adjust the mirrors and see if the headlights are working. Additionally, teen drivers should check the gas tank and see if they have enough fuel.
Stay focused on the road. Teen drivers should avoid distractions like phone texting, eating, drinking or other distractions. Also, teens should signal when making a lane change and look in all directions twice before switching the lanes.
Always obey the speed limits. Speeding is one of the leading causes of car accidents where teens lost their lives. Teen drivers should avoid speeding, even if they need to immediately reach somewhere. Obeying the speed limits will lower the chances for a teen driver to be involved in car accidents.
Teen drivers should avoid driving with other teenagers. Teen passengers can easily distract the driver’s attention. For this reason, the chance for causing an accident is very high. Teen drivers are safer if they are driving alone than driving with other teen passengers.
Avoid nighttime driving. If driving at night can’t be avoided, drivers should be extra careful. The dangers lurking on the roads during the time can be dangerous for inexperienced drivers.

See Full Story at finance.yahoo.com

Here’s how you can find your Car Insurance policy number

13 August 2019 By admin Leave a Comment

The best place to find your car insurance policy number would be to check with your insurance company. If you think you have misplaced your policy documents and have not saved your policy number on your phone, computer or elsewhere, your insurance company can be one of the best options to get it back. You will need to provide your name, address, phone number and any other identification details.

How to find my car insurance policy Number?

There are other situations where you want to find your policy number. Even when you have your policy documents and need to mention the policy number for some sort of legal documentation. But you are wondering how to find my car insurance policy Number? Maybe you are not able locate it. Let us help you get it easily.

There are a few options that you can help you find your car insurance policy number. Let us examine them one by one –

The Declaration Page
The most essential element of the policy document is the Declaration Page. The page has all the personal information and the details of your policy. That should include your policy number. If you have the declaration page with you, check it out and find the policy number.

The Insurance Card
The insurance card is yet another document that should help you find your car insurance policy number. Carrying the insurance declaration page at all times may not be possible. In such situations, you would find the policy number on your Insurance card. This is a piece of document that you should carry with you in your vehicle.

By Timmappa Kamat

See Full Story at www.newdaylive.com

Tips for Millenial Drivers looking for an Auto Insurance

8 August 2019 By admin Leave a Comment

For millennials, navigating the world of car insurance for the first time can be daunting. This is especially true with student loan payments piling up and a difficult housing market to deal with. So whether you’re getting kicked off of your parents’ insurance, are buying a new car, or are looking for some lower rates, here are a few tips to help you find the best car insurance possible.

Don’t Pay for Coverage You Don’t Need

Car insurance is required — so even though one in six Colorado drivers drove without having insurance in 2012, you do need some level of insurance. However, you don’t necessarily need the most expensive package. Most states have minimum requirements for insurance and that’s really all you need to have.

But insurance packages can have a wide variety of coverage options — medical coverage (3 million people are injured in car accidents on U.S. roads every year), roadside assistance, and other features may be available, most likely at higher prices.

If there are features you feel like you need, make sure they’re included in your plan. But if your insurance agent suggests a plan with features you don’t really need, stand your ground and say you want something more simple. This way, you can have affordable insurance and not pay for things you don’t actually use.

See Full Story at moneyminiblog.com

Car insurance tips for young drivers

6 August 2019 By admin Leave a Comment

Most young drivers looking to buy car insurance are often left paying more than experienced drivers. We get it. You want insurance that suits your needs without paying through the roof.

Explore these tips and tricks to help you understand your car insurance options and save a few dollars along the way too.

Comprehensive Car Insurance

Comprehensive is your ‘bells and whistles’ cover and is a popular option for many motorists. It provides a higher level of cover for accidental damage or loss, letting you enjoy the full protection of your vehicle even if you’re deemed at-fault in the accident.

It’s important to remember that there is an amount you’ll need to pay, regardless of what car insurance you have, when making a claim on your policy.

Third Party Car Insurance

This covers you in the event of an accident for damage to another vehicle or property, if you’re found to be at fault. It can be a handy insurance to have when you know that you can’t afford to repair damage out-of-pocket.

Third Party Fire & Theft Insurance

An optional extra for damages sustained to your vehicle on top of third party. You guessed it – this provides cover against fire, theft or attempted theft.

Compulsory Third Party (CTP)

CTP Insurance covers the driver of a car for personal injury caused to someone else. However, it doesn’t cover damage to your own vehicle or someone else’s vehicle or property, so you could still be out-of-pocket if you don’t have additional car insurance and you’re in an accident.

By AAMI

See Full Story at www.aami.com.au

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

Insurance Agency Singapore | Commercial Insurance and Personal Insurance