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7 Tips for Choosing the Right Homeowner’s Insurance Company for You

27 March 2018 By admin Leave a Comment

Have you bought your first house or are you looking for a new homeowner’s insurance company? There are a lot of things that you want to consider. Below are seven tips that you can use to help you find the right insurance company for your home.

1. LOOK AT WHAT’S AVAILABLE

Before you choose an insurer, get a quote from a minimum of four carriers. You can find databases online that are free like InsWeb, which will offer you a quote from as many as eight carriers.

2. BUY DIRECT

The companies that are dealing directly with the consumers and don’t use any independent agents are known as direct writers. Theoretically they’re able to pass their savings on because they eliminate middlemen.

3. READ JUNK MAIL

It’s a great idea to read the Internet, your email or answer your phone. Overhead is saved by direct marketers by using these things to market, and they can give you the savings.

4. CHECK YOUR HOME STATE

Most of the insurance departments in the state offer shopping guides online for those looking to buy homeowner’s insurance. The guide from the state may be able to give you companies that aren’t as well know that have competitive rates. You can get linked to the guide for your state on insure.com.

The bad thing is if you’re living in one of the hurricane zones, it’s possible you will be stuck with a single expensive option. That is your state-sponsored pool of high risk people. But it’s possible to try again in a year. The private insurers always look for different ways to cut the market up and a black mark for company will be a business opportunity for another.

Some of the states provide those who in a vulnerable coastal or urban area.

5. LOOK AT THE SERVICE HISTORY

Even though a company may offer a big discount, that is not going to help you if they are slow at processing claims, so you want to discover everything you can about the service about a company before signing on. It’s a good idea to ask the representative about the turn-around time for their claim. If they have a shorter time for claims it indicates that they have good service.

6. FOCUS ON THE FINANCIALS

You want to examine the insurer’s financial ratings. Ask the rep about the information or you can use one of the services online to find out their financial ratings.

Standard & Poor’s great rating is A or higher, and Moody’s Investor Service’s AA rating will say that the company is strong. You can also check out Weiss Ratings, which has very stringent guidelines and it’s also the one that’s most independent, to see the homeowner’s insurance companies that are the weakest.

See Full Story at whitcoinsurancepg.com

Top 10 Tips For Buying Teen Car Insurance

22 March 2018 By admin Leave a Comment

Buying car insurance can feel like a chore for anyone, but it can seem like an especially intimidating task when it comes to acquiring insurance for a teenager.

According to Forbes, adding a 16-year-old son to a family car insurance plan will raise the monthly bill by an average of 92% while adding a 16-year-old daughter will raise the cost by a lessened, yet still staggering, average of 62%. And while these numbers are a bit alarming, there are tips and tricks for parents to take use when buying insurance for their newly-licensed teen.

The key to saving money? It turns out—it’s all about safety and your car insurance company being able to trust your family to drive safely.

#1. Take advantage of good grades

A high grade point average, strong attendance record, and all-around good track record at school can help score a lower insurance rate for a teen driver in high school or college. On average, these discounts range from five to 10 percent, depending on the insurance provider. For instance, Liberty Mutual offers this perk to drivers aged 25 and under that maintain a B average (equating to a 3.0 grade point average) or better.

#2. Pick the right vehicle

Picking the right vehicle for a teen can also attribute to a lower insurance rate. Although many believe it to be true, the color of a car doesn’t impact the insurance cost, but other factors such as the make, model, and year of the car does carry some weight in this matter. This is because new cars are more expensive to insure, and the same goes for cars with a high level of horsepower.

Instead of picking something brand new and flashy for a teen driver, opt for perhaps a lightly used car that has all the right safety features. This includes anti-lock brakes, updated airbags, and stability control. Cars that are no more than three or four years old and that receive a clean bill of health will be the cheapest to insure for a new driver.

#3. Consider a raised deductible

A raised insurance deductible can assist in scoring a lesser monthly bill for car insurance when a teen is added onto a family plan. A deductible dictates the amount that is paid out-of-pocket in the event of a claim. After that deductible is paid, the chosen insurance company will pay for the balance of any damages incurred.

While it may seem counterintuitive to actually sign up for a higher deductible, making this choice does decrease monthly premiums significantly. In fact, MetLife cites this as a way to reduce insurance costs across the board. This is a bit of a risk, but cranking up a deductible as much as possible will allow for some serious savings. Keep in mind, that deductible only needs to be paid should a claim for an accident or damage be submitted.

See Full Story at www.teensafe.com

It’s Time to Travel! Insurance Tips for a Safe Vacation

20 March 2018 By admin Leave a Comment

Travel is a special gift to give to yourself and your family, and can do wonders for mental and physical health. But lack of proper preparation can totally derail a perfectly planned vacation. Once you’ve made it away, definitely spend time decompressing, but do remember to be aware of the usual ways to become ill or injured on vacation so you can do your best to avoid them.

Things to Do Ahead of Time to Stay Healthy

Check in with your doctor to find out if your vacation destination requires you to be vaccinated ahead of time. Common vaccinations include those against typhoid, hepatitis A, hepatitis B, cholera, yellow fever, rabies, and influenza. Your doctor can also help with advice on avoiding infections such as Japanese encephalitis, cholera and traveller’s diarrhea.
Pack a travel health kit. Hopefully all it does is take up space in your suitcase, but if you end up needing it, you’ll be grateful you have it. This Government of Canada page has a comprehensive list of items to bring, which includes first aid supplies, medications and additional items such as water purification tablets or a filter, sunscreen and ear plugs. It is also recommended you carry a card with the contact information of a friend or family member at home, the name of your health care provider, your travel insurance information and where you are staying.

Things To Do While at Your Vacation Destination to Avoid Illness

Keep your hands clean. This is by far the best way to avoid illness. Wash thoroughly with soap and water as much as possible for at least 20 seconds, and don’t forget between your fingers and under your nails. Keep a healthy supply of hand sanitizer and hand wipes with you at all times, too, for when there isn’t a sink available.
Stay away from tap water and stick with bottled water when traveling in areas such as Mexico, South America, Asia (although Brunei, Israel, Hong Kong, Japan, South Korea and Singapore all have safe water) and Africa. Illnesses that can be found in bad water include typhoid, hepatitis A, cholera, and traveler’s diarrhea. To be very safe, even use bottled water when brushing your teeth and ask for drinks with no ice in them. If bottled water is unavailable, boil tap water for at least 60 seconds before drinking.
Watch what you eat. Be wary of uncooked foods such as salads, and although it’s very tempting, it’s best to avoid food from street vendors as well.
Be very careful in the sun. A sunburn can really derail a vacation, plus make you sick with headaches, the chills, fatigue, and, yes, pain. Use a waterproof sunscreen with an SPF of at least 30, and apply often.
Also take care to regulate your body heat. Those of us from Canada can forget just how hot others countries can become. It’s imperative to protect your head from the sun with a hat at all times, wear loose, light-colored clothing and stay hydrated by drinking lots of (bottled) water.
Insect repellant is also a must. Mosquitoes pass along illnesses such as dengue fever, malaria, and the Zika virus, and ticks, fleas or flies can also pass along diseases.

See Full Story at www.lanesinsurance.com

Top car insurance tips for new drivers

15 March 2018 By admin Leave a Comment

To help you figure out your best options and ways to reduce the cost, we’ve assembled these top tips for car insurance if you’re a new driver or under 25:

1. What type of insurance should I get?

Mandatory – to start with, you’re required by law to get Compulsory Third Party (CTP) Insurance. This insurance helps you, and anyone you injure on the road, to get better sooner, through quick access to treatment and care and if needed, payments for income loss.

You cannot register your vehicle without it. Check your state’s or territories’ regulations for more information.

Voluntary – Comprehensive car insurance is usually the most expensive but it’s also the most popular because it covers you for damage to your car and to the other driver’s car or property. It often has additional benefits like use of a hire car while repairs are being made to your vehicle if you were the not at fault driver. Always remember to read the detail of the policy, so you know what you are covered for.

2. Is there a cheaper option?

There are other forms of voluntary car insurance that are cheaper as long as you are willing to shoulder more of the cost if something goes wrong. Third Party Property Damage will cover you for damages to the other driver’s car or property – but not yours. Third Party Fire and Theft also covers damages you cause to another driver’s car or property, plus you’re covered if your car is damaged by fire (but not in an accident) or stolen.

3. Should I stay on my parents’ car insurance plan?

If your parents own the car you’re driving, this could be an option, but make sure you talk to their insurer so you know exactly what you’re covered for. There may be an additional cost for adding you to the policy. NRMA Insurance covers anyone who drives your car, but it can also be worth calling them and adding a named driver.

4. How do I reduce my premium?

The rewards that come from having a safe and demerit free driving record, like lower premiums (the price of insurance) and no claim bonuses, take time to accumulate, but they are your best ways to reduce your car insurance costs.

In the meantime, there are other things you can do to reduce your premium. For instance, choosing an inexpensive car, installing a car alarm, immobilizer or tracking device, avoiding performance enhancing modifications, or taking a safe driver course. Follow this link for more info on the NRMA’s premiums, excesses, and discounts.

See Full Story at www.mynrma.com.au

Insurance Tips for Millennials

13 March 2018 By admin Leave a Comment

If you’re a millennial, you’re likely working at your first real job, dealing with student loans, and facing the realities of adult life. One adult reality is the need for different types of insurance. Two that you should particularly focus on a car and life insurance. Here are a few insurance tips for millennials to keep in mind to save money and obtain proper protection.

Be Sure to Price Shop

Massachusetts is a competitive insurance state. This means that insurance companies set their own prices and discounts. To get the best prices and options, you’ll want to shop around. Be sure to ask about different discounts available through each insurance company as it may save you a lot of money.

Use Independent Insurance Agents

To save you time when shopping for prices, consider using an independent insurance agent. They work with many different insurance providers and can do the price comparisons for you. They may also offer some great ways for you to save additional money, such as combining your policy with renter’s or homeowner’s insurance.

Buy Life Insurance

We all tend to think about life insurance as something that only old people need. In reality, everyone needs it. Plus, if you purchase a policy at a young age, it will cost very little compared to purchasing it later in life. Life insurance can help cover debts such as your student loans and credit cards. Millennials tend to have quite a bit of each of those! Should something happen to you, life insurance can lessen the burden on your family when it comes to an end of life expenses and debts.

See Full Story at eagletrustinsurance.com

Tips on how to get cheaper car insurance as drivers face increased bills

8 March 2018 By admin Leave a Comment

So if it’s nearly time to renew your insurance, we’ve come up with some easy – and perfectly legal – ways to try and cut the amount of money you’ll be shelling out.

It’s also a good idea to ring your existing insurance company when your renewal quote comes through, to see if they can give you a better deal. A quick phone call could save you some cash, with numerous places offering ‘loyalty discounts’.

Choose your occupation carefully

Of course you should always be as honest as possible when describing your job title – but be aware that some will carry higher premiums.

For example ‘chef’ will return a premium that is £98 higher than ‘kitchen staff’, according to Gocompare.

Classing yourself as a music teacher means you will pay £86 more than teachers, while copywriters will offer a different quote than writer.

However, any job title must accurately describe your role. Putting down teacher when you are actually a doctor is fraud and could lead to prosecution.

Adding a driver

If you add a secondary driver to your policy – such as a parent or partner – it could save money.

The secondary driver has to give permission and as long as they have a clean license and a good no-claims history it could push down the price of a premium.

However, be warned that fronting – the practise of younger drivers putting parents as the main driver of their car – is illegal in the UK

Pay in one lump sum

Not everybody can pay for their insurance premium in one go, but those that can could save up to £62, according to MoneySupermarket.

The savings are because the up front payment removes the need to pay interest on the premium.

Boost your excess

The level of your insurance premium excess can impact on the final quote. A higher insurance excess – the amount you’re willing to pay towards the damage – means less risk for the insurer and lower premiums.

By David Pittam

See Full Story at www.nottinghampost.com

Save money on your insurance with these 6 tips

27 February 2018 By admin Leave a Comment

If you want to make sure you’re getting value from your insurance, why not take a closer look? Here are some suggestions for managing the cost of your cover.

Increase your excess

Increasing your excess is a way to bring the cost of your policy down. Just be aware that, when claim time comes, you will have to cover the total amount of the excess.

Review your payment method

If you’re currently paying your insurance monthly, moving to an annual payment could save you money. It might also be possible to save money by changing the way that you pay. Some insurers, for example, offer convenient direct-debit discounts.

Group discounts

Do you have multiple insurance policies? You may benefit from bringing them all to one provider. But before moving to a different insurance provider, make sure you review your options carefully. It’s important to understand how any changes could affect your ability to file a claim. Once again, this is something we can help you with.

Loyalty discounts

Have you been with the same insurance provider for a number of years? It’s worth finding out if you’re being rewarded for your loyalty. Please note that in some cases this will be automatic, but in others a little prompting might help you to make a saving. Feel free to enquire and get in touch with us.

Policy-specific discounts

For every type of insurance, there are behaviours that Insurance Providers like to reward with discounts. Good examples of this are the saving you can enjoy on your Contents Insurance if you install a burglar alarm, or the Healthy Lifestyle Reward that some providers offer on health insurance premiums.

Age-related discounts

As you may know, the cost of insurance depends on a variety of factors, including the amount of risk involved, and the likelihood of an undesirable event occurring. That’s why some policies can get more expensive as you get older. Others, however, can reduce in cost, and this is often the case with car insurance.

Did the six points above prompt you to think about how you can make the most of your insurance? Give your policy a periodic check-up – with our help. Which leads us to the next point…

By Jason Hennessey

See Full Story at insurancebase.co.nz

Tips for specialist travel insurance for over 70s

22 February 2018 By admin Leave a Comment

Travelling the world can be one of the most fulfilling aspects of later life. When you have the time, freedom and means to experience new places, there should be nothing to stop you taking the trips you may have always imagined.

Even if you have a pre-existing medical condition or disability, here at Free Spirit we believe age should be no barrier to travel, which is why we specialise in providing medical travel insurance for people over the age of 70, in fact, people of any age.

With specialist travel insurance tailored to your age and any existing conditions or disabilities you may have, you can jet off abroad with peace of mind and enjoy your holiday to the fullest.

Here are our top tips on finding medical travel insurance when you’re over 70 years of age.

Planning more than one trip? Multi-trip travel insurance could be better value

It’s wonderful having extended periods of time to dedicate to travel, which is why retirement is such a perfect opportunity to plan those overseas adventures. You could find yourself planning more than one holiday at once, or you may be looking to visit friends and family who live abroad, as well as taking a separate trip elsewhere.

If so, don’t forget that it may be cheaper to opt for Annual Multi-trip specialist travel insurance. As long as your trips all fall within the period of 12 months and you are planning to return home between each one, you can take as many holidays/trips as you like. Our Multi-trip travel insurance also covers most pre-existing medical conditions or disabilities.

The only other main caveat* is the number of days we can insure you to travel for. But don’t worry, you can still plan that month-long trip. Duration of each holiday/trip depends on the level of cover you go for – with our ‘Super’ cover each trip can last up to 31 days and with our ‘Super Duper’ cover, each one can last up to 45 days.

Please note, when you purchase an Annual Multi-trip policy, your cover will start on a date of your choice, provided it no more than 31 days in advance. If you have already booked your trip, we recommend starting the policy immediately to ensure you are covered for cancellation.

See Full Story at www.freespirittravelinsurance.com

Tips to Lower Your Homeowners Insurance

20 February 2018 By admin Leave a Comment

This is among the scenario may save existence. You are driving and see someone lying face documented on a quiet road in front of you. (You are legally obliged to at least call the Police) You stop, exit and render assistance. Wind up saving money nice of you but it can also put you at danger.

Make selected compare prices from multiple insurance companies before making a choice of who to sign by way of. Premiums can vary up to 40% between different companies for identical shoes you wear levels of insurance claims support. With insurance the very best solution is mandatory if you need to get the most bang about your buck.

There just three associated with adjusters – company staff adjusters, independent adjusters, and public adjusters. Who will settle your claim? Provides your welfare in your memory?

What on the web already had diabetes.or congestive heart the inability.or cancer? Can you imagine whatever would fund insurance?. If they were capable of getting insurance, at all!

With head-on collisions, main end usually sustains the most damage. This requires fixing the hood, front fender, radiator and/or car headlights. This may be expensive for repair, generally costs when compared with replacing the overall vehicle. insurance claim can also reduce zox pro training system. Driving without repairing the damage is structurally unsafe which enable it to cause auto to overheat or the headlights and signals by no means to work good. The hood can become unlatched and open while travelling or leak the particular frequent rainstorms in Hampton Roads.

See Full Story at bodycontour.com.sg

Tips For Finding The Best Family Travel Insurance Policy

15 February 2018 By admin Leave a Comment

1. Zero Excess Is Best

What is an excess?

The excess is the amount of money you contribute towards your loss before the insurer pays the remaining amount. Excesses can vary from $0 – $500 and occasionally higher.

A large excess reduces the total cost or premium of the travel insurance policy. Although it’s tempting to save a few dollars by increasing the excess, by paying more premium for a policy with a zero or nil excess means that when making a legitimate claim no matter how small, you are never out of pocket for the claim.

2. Don’t get drunk or act recklessly

A friend of mine slipped over on a wet tile floor at a bachelor party in Bali and had major facial injuries requiring urgent and expensive medical attention. The insurer rejected the hefty medical claim because he was under the influence of alcohol at the time.

Any reckless behaviour such as taking drugs, consuming alcohol or irresponsible behaviour, like riding a motorbike without a helmet or speeding, can void or drastically reduce an insurance claim.

3. Get Rental Vehicle Excess if you can

Hire car companies do offer insurance cover for theft and damage of a rental vehicle. However, there’s often a huge excess ranging from $3K – $5K+ that needs to be paid.

Travel insurance provides an option to cover rental vehicle excess that covers the thousands of dollars out of pocket in the event of an accident. It’s absolutely worth paying the little extra to avoid any hire car surprises.

Be mindful that some travel insurance policies only cover international travel and not domestic car hire. The coverage can differ when travelling overseas compared to driving on home soil. Be aware that insurers set a maximum benefit for coverage, and most peak at $6K. There are options to cover a higher amount.

See Full Story at www.togetherweroam.com.au