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How to get home insurance: 10 tips to make home insurance easy

8 February 2018 By admin Leave a Comment

If you’re trying to get insurance for your home, you may have a few questions. At the top of the list might be how to get home insurance in the first place. It certainly seems like a daunting process with all the fancy words and big numbers. Since your house is so important to you and your family, it’s essential to make sure that it’s protected by the right home insurance. So, to help you out when you get home insurance, we’ve got some tips to keep in mind.

1. Shop around.

It’s not a bad idea to compare some home insurance rates and explore the options that are out there for coverages and policies. If you were buying a new TV, you’d want to check out all the features on different models and do some price comparisons, right? Your home insurance isn’t exactly a new TV, of course, but you can put your shopping skills to good use. Keep in mind that you’re not just looking for the lowest rate – you want to find out what coverage works best for you and go with a quality, secure home insurance option. Making sure your home is fully covered is more important than shaving a few dollars off of your premium.

2. Resist the urge to procrastinate.

If you’re getting a new home, insurance might be the last thing on your mind. Or you might not want to deal with it, so you shoved it into the back of your brain. At any rate, don’t wait until the last minute to get home insurance. Give yourself plenty of time so that you save yourself stress and panic later on – and so you have more time to weigh your options.

3. Make sure you have enough home insurance.

It’s important to make sure you have enough home insurance to fully protect your home. Ideally, you’d have enough insurance to…

Completely rebuild your home if it were destroyed by fire (including construction and clean-up costs)
Replace all of your belongings
Cover your family’s liability (your legal responsibility if you cause someone bodily harm or property damage)

by Katelyn Betts

See Full Story at insurancehub.com

Tips to reduce your cost of car insurance

6 February 2018 By admin Leave a Comment

Buying a car insurance is like checking out from a large superstore; sometimes you don’t get the desired discounts until you ask for it. Discounts or savings on car insurance can be two fold i.e. the one who you specifically ask for and the ones you get as part of the deal. But there are some other ways also to reduce your cost of car insurance and here are some really handy tips:

Haggle, haggle and haggle more

Forget about automated quotes on websites as your best chance to get the discounted price is always to hook on with the real insurance agent or broker.

You can get better rates if you can get online with a real human and also haggle about the prices. Your primitive instinct to negotiate to the last dollar can really help you to save a lot of dollars on car insurance.

Avoid having gaps in your insurance

Before you compare and save on insurance, make sure you do not have gaps in the time between your insurances.

Many times, when people sell their car, they do not renew the insurance until such time they buy the new car. This however, can cause increase in insurance premiums and you pay more.

So if you are selling your car and plan to buy new one after sometimes, it is always better not to skip your insurance and continue with it. You will definitely save more if you buy new car within a certain timeframe.

The price of your car

The replacement cost of your car can be of great importance in case your car is stolen or damaged. The price of your car, however, determines the replacement cost. Apart from this, the cost of repairs can also figure into the calculations of your premiums.

By Adnan Manzoor

See Full Story at born2invest.com

Top Tips for reducing rising premiums and costs of home content insurance

1 February 2018 By admin Leave a Comment

It may seem tempting to go without contents insurance, but its the simplest way to protect what you own

From TheSun.co.uk they teamed up with Moneyadviceservice.org.uk to offer ways to keep your premiums low:

Increase security: Some companies will only insure you if you have BSI-approved locks on all outside doors and windows. You might also receive a reduction for joining your local Neighbourhood Watch scheme and for installing some security lighting.
Install alarms: Smoke and burglar alarms are both important. Make sure they’re approved models — a NACOSS alarm (National Approvals Council for Security Systems) could earn a discount on your premiums.
Take advantage of offers: Some insurers guarantee to beat any quote by up to ten per cent, on a like-for-like basis.
Pay annually: Monthly premiums can cost more. There’s usually an extra six per cent charge to pay. But some insurers will allow payment by instalments for no extra charge so it’s worth shopping around.
Increase the excess on your policy: Excess is a contribution you pay towards the cost of your claim. If you are happy to cover a bit more yourself, your premiums might be lowered.
Build your no-claims discount: If you don’t claim for a few years there may be a discount, but not all firms offer this, so check first.
Buy buildings and contents cover together: You might get a discount if you get both from the same firm. Also, if there’s a fire, or something that affects both the building and your possessions, it’s often simpler to claim.

by Jane Hamilton

See Full Story at www.thesun.co.uk

8 Foolproof Ways to Slash the Cost of Homeowners’ Insurance

30 January 2018 By admin Leave a Comment

Homeowners’ insurance is one of those things most of us rarely think about. It’s easy to put a policy in place and then forget about it — until it’s too late.

But for most of us, a home is the most valuable thing we will ever own — and it is typically filled with costly possessions. Insurance coverage must address the value of the building — including upgrades — and the worth of our belongings, especially high-value items like jewelry, antiques and other collectibles.

It’s vital to review what your homeowners’ insurance covers, and how much you’re paying for it. Sure, it sounds mundane compared with planning a barbecue, but it can save you a substantial amount of money.

Check out these tips for getting the best deal:

1. Shop around

The internet makes it easy to shop around for insurance. As with anything else, though, you should not necessarily jump at the lowest rate. Do your homework on an insurance company before buying a policy.

2. Raise your deductible

The larger the loss you are willing to absorb before insurance kicks in, the less your insurance will cost month to month. For example, raising your deductible from $500 to $1,000 could slash your premium by 25 percent., according to the Insurance Information Institute. That’s a lot of savings, without taking on a lot of extra risk.

3. Look into discounts on multiple policies

If you insure anything besides your home — such as a car — look into a multi-line discount. That’s a break that some insurance companies will give you if you buy multiple policies, such as homeowners’ and auto insurance, from the same company.

By Nancy Dunham

See Full Story at www.moneytalksnews.com

Tips to Save Money on Car Insurance

25 January 2018 By admin Leave a Comment

Are car insurance costs over-stretching your family budget? Below, find a few money saving tips that can reduce your cost of driving.

Defensive Driving
Do you actively drive defensively? For any age driver, doing things that improve your driving skills and safe driving behaviors might get you reduced car insurance premiums. Why? Because safer driving means fewer claims.

This could mean completing an approved driver training (or driver’s education) course, or, for older drivers, a defensive driving course.

Research shows that young drivers who are well-trained are statistically less likely to engage in risky driving behaviors. The more responsibly a person drives, the less car accidents he or she causes. Responsible driving can even save lives.

Defensive driving includes staying off your cell phone while you drive.

To get discounts on your insurance plan, ask your insurance company agent for specific details. You may be eligible every few years to get another discount after taking training again.

Don’t Drink and Drive
Getting a DUI (Driving Under the Influence of mind/body altering substances) can ruin your life. If you get one or more DUI, you can become uninsurable by most insurance companies. Plus, your driver’s license will be suspended or revoked, you could lose your job, and worst of all, if you seriously injure yourself or others you would go to jail or prison, get a criminal record, be required to take rehabilitation classes, etc.

Stick With the Truth
What can raise your car insurance premiums other than offensive driving? Hiding the truth. For example, have you sustained a sports, automobile or other type of injury causing you to have a concussion? If so, it is only safe to drive after a doctor tells you it’s safe to drive again. When you answer questions about your life experiences, tell the truth.

By Susan Fox

See full story at www.northeastohioparent.com

Tips to help save money on your car insurance policy

16 January 2018 By admin Leave a Comment

As per the Motor Vehicles Act, 1988, a valid motor insurance providing third-party liability cover is mandatory for all vehicles on public space in India. The number of deaths as a result of vehicular accidents is high in the country. Accidents can’t be predicted but we can be prepared for such an eventuality. No matter how good a driver you are or how well you maintain your car, accidents can happen as a result of bad road conditions or a natural calamity.

A car insurance policy can protect you against any financial crisis arising out of unfortunate events like motor theft, third-party liability damage, accidents, natural calamities, etc. There are 2 main types of car insurance plans available in India:

Third-party liability coverage: This type of insurance policy offers coverage against any damage caused by you to a third-party which includes damages to the person and the vehicle. Third-party liability cover doesn’t include damage to you or your car. Comprehensive coverage: In addition to third-party liability, this type of policy offers coverage against damages to you and your vehicle, theft, fire, in-transit damage, or damage caused by a natural calamity.

Now that you are aware of the importance of having a valid motor insurance policy, here are some tips to help save money on your car insurance. How can you lower your car insurance costs? Insuring an old car is cheaper than insuring a brand new car. Since having a motor insurance coverage is mandatory, it helps to find out ways to save on your car insurance costs. When it comes to car loan and car insurance, it is always beneficial to shop around, do your research in order to get a good deal.

See Full Story at www.sify.com

6 Home Insurance Tips for First Time Home Buyers

11 January 2018 By admin Leave a Comment

For first time home buyers finding the right house can be both an exciting and daunting prospect. From the initial flurry of finding a property that is right for you to going ‘sale agreed,’ it really is just the start of the process. Looking for a reliable home insurer that will help guard and nurture your new castle when life comes into play is another task worth thinking about.

1. Cheap Cover May Not Be Best Value

At the outset it will appear that the bills are piling up, from solicitors fees to surveyor reports and lots more. Despite this, it’s important that you don’t try and sell yourself short when taking out home insurance and find value for your money. In some cases the cheapest cover can often be the least desirable. Be sure to get a number of quotes from different providers and compare the benefits on offer. Most insurers such as The AA will provide cover against losses relating to a fire, storm, flood or theft. The AA will also cover you for accidental damage, i.e. if you spill bleach on your carpet or accidentally kick a ball through your window.

2. Know Your Rebuild Cost

When working out the cost of home insurance, you should think about how much it would cost to rebuild your house and its contents. Your bank and mortgage broker should have conducted a valuation shortly after you go ‘sale agreed’ and prior to your loan approval. This valuation will advise the rebuilding cost of the house, and the minimum amount that you must insure it for.

3. Understand the Benefits of Cover

Be sure to have your contents insured at an adequate amount and don’t forget to specify the most important items, some of which will be covered outside the home. You can extend cover for valuables such as your laptop, tablet or jewellery.

BY BARRY ALDWORTH

See full story at www.theaa.ie

Why You Should Combine Your Trip with Travel Insurance: Tips for First-time Flyers

9 January 2018 By admin Leave a Comment

Are you flying for the first time? Well, whether it is a domestic or international destination, the feeling for the first-time flyer is a heady mix of excitement and nerves. Worrying about all the preparation, starting from packing to getting to the airport, everything appears a little edgy yet exciting. Dozens of questions may arise along the lines of ‘How to pack for a flight?’, ‘What should I pack and what to avoid?’, ‘How to approach the airport authorities?’, or ‘What documents should I keep on my person?’, and so on. And in the midst of it all, you will be making a blunder if you’re thinking of travelling without an insurance cover.

In this article, you’ll find a useful guide and some tips to prepare for your first-time trip and ensure your mind is at ease. Let’s have a look:

Traveling without a Cover? Strict ‘NO’

While travelling, you should try to avoid unforeseen possibilities that could burn a hole in your wallet. By adding an overseas travel insurance plan into your financial kitty, you could easily beat the unplanned expenses that may arise during your trip. The best part is, that you can buy an overseas travel insurance policy online as well, which saves your time and money at the same time. Also, if your health is a concern, you don’t need to purchase a separate plan, as your travel insurance covers medical emergencies.

What all is Covered by Overseas Travel Insurance?

An international travel insurance plan benefits you in a various way. You can access this plan instantly if you choose an online travel insurance option. This is cheap, also. Whether you’re travelling alone or in a group, for a family reunion or to attend a wedding, travel insurance goes hand-in-hand with travel. This plan covers you against –

• Medical emergencies
• Loss of baggage
• Loss of important documents like Passport
• Personal Accident Cover
• Liability cover
• Emergency medical evacuation
• Dental treatment
• Trip cancellation
• Terrorist attack
• Expenses incurred during repatriation of remains

This is what an international travel insurance plan covers you for. I hope we’ve justified the importance of including travel insurance in your check-list.

Now that you’re convinced, let’s jump into more travel trips that you may find useful.

by Asako Maruoka

See full story at www.wanderingeducators.com

Tips for Choosing a Travel Insurance

4 January 2018 By admin Leave a Comment

WHY IS TRAVEL INSURANCE SO IMPORTANT?

This may seem quite obvious, but still, there are a lot of people who choose to travel without insurance. Most of these explain their choice with “oh, nothing will happen” or “I’m never sick”. And although it may be true for the most part, you never know when an accident occurs. For example, I am rarely ill and when I travel to “insecure” areas, I always read and look into safety tips for that specific location, but still, you never know.

During my 7 years of traveling, I’ve only encountered cleaners who stole money in the hotel room and a lost ATM card, but despite that, I would never travel without insurance. The reason for it is very simple; it’s simply not worth traveling without. I have been food poisoned, for example, many times, and if those had gotten more serious I would’ve been in need of some proper medical treatment. Without travel insurance that will often be VERY pricey, to say the least.

If you get seriously ill and need surgery, the costs can hit the roof and you might not afford it. With travel insurance, you only have to pay the deductible (usually about 150 Euro). instead of perhaps thousands of Euros. Similarly, valuables such as camera, computer and mobile phone are subject to theft or breakage.

Theft happens everywhere in the world and it is not only in poor countries that you may encounter jerks or robbery. A good travel insurance can be found for around 1-3 Euros a day. It’s stupid to be cheap when it comes to your own safety and health!

There are far too many examples of travelers who have encountered accidents abroad without travel insurance, who either had to pay ridiculously high fees or been denied treatment. Such a thing will be avoided if you have a good travel insurance covering the unforeseen.

WHAT SHOULD BE INCLUDED IN A GOOD TRAVEL INSURANCE?

The travel insurance should give you coverage in the majority of countries
Coverage for stolen items or things that break should be included
Medical emergencies or regular illness
24/7 hour customer service (you don’t want to talk to a robot while you’re bleeding out, at least not until robots are better than humans)
A good trip cancellation protection
Coverage for interruptions due to illness or other circumstances
Legal fees and costs
Coverage if the company that you booked with goes bankrupt
Personal accidents
Damage compensation for traumatic experiences such as robbery or assault
That you should not have to pay huge expenses upfront (very important)

See full story at www.swedishnomad.com

4 tips on how to sell insurance to underinsured millennials

2 January 2018 By admin Leave a Comment

Given the unprecedented nature of the technological and cultural forces sweeping across the marketplace, the next generation of insurance-buying will inevitably look different from the models used by baby boomers in the past.

Millennials are looking for insurers who can understand and support the nontraditional ways they are living, buying and working. And since these habits and preferences are still evolving quickly over time, the only way that insurance agents and companies can keep up and speak in a language that millennials understand is to first reach out, listen and begin the conversation.

Fuel Cycle, a customer insights and market research platform that helps brands like AIG gather real-time customer insights, suggests a few steps that insurance agents and companies can take to motivate millennials:

1. Engage millennials sooner rather than later.

Insurance agents shouldn’t underestimate the importance of engaging millennials as early as possible, even if those efforts won’t provide significant returns in the near-term.

Renter’s insurance may be a relatively small revenue opportunity, for example, but it can also be a highly cost-effective way to recruit potential customers for higher-margin products down the line.

Although teenagers and twenty-somethings may be notoriously averse to parental advice, when it finally comes time to purchase a coverage plan, millennials are disproportionately buying from the same insurer as their parents, according to Fuel Cycle. This creates an opportunity for companies who have pre-existing relationships with family members, as long as they act sooner rather than later, tapping into those valuable connections before a competitor can enter the picture.

2. Prioritize direct channels.

In order to win over millennials, insurance companies will inevitably have to invest in several nontraditional areas like customer intelligence, as the process of buying insurance shifts onto new screens, channels and platforms over the next decade.

This doesn’t necessarily mean that agents will be irrelevant; in fact, insurers should think about strategic ways to strengthen and repurpose their human capital, turning agents or field reps into higher-level consultants who can provide new kinds of value to the end-customer.

BY JAYLEEN R. HEFT

See full story at www.propertycasualty360.com

Insurance Agency Singapore | Commercial Insurance and Personal Insurance