7 Life Insurance Myths That Can Cost You

Life insurance is an important part of a well-rounded financial plan. But let's face it — it can also be confusing. In fact, misunderstandings about life insurance cause many people to skip the coverage altogether, putting their families at great risk for financial hardship. Here, we set the record straight on seven common myths about life insurance.

Myth 1: Single and young people don't need life insurance.
Truth: Your key question should be: Will anyone be worse off financially if I die? Even if you have no dependents, you might leave behind credit card debt, student loans, a car payment or funeral expenses.

A small life insurance policy would cover these costs. Moreover, buying while you're young can help you lock in lower rates and guarantee coverage if you develop health problems later in life.

Myth 2: Only people with kids need life insurance.
Truth: Chances are your spouse depends on your income, regardless of whether you have children. Could he or she manage to pay the mortgage and all other household bills and debts alone? A life insurance policy could help your partner keep the house and maintain the same standard of living.

Myth 3: If your employer provides coverage, there's no need for more.
Truth: Many corporations provide their employees with free life insurance worth once or twice their annual salary. Similarly, the military's Servicemembers Group Life Insurance (SGLI) offers great rates on policies up to $400,000. These are nice benefits, but if you leave your company or the military without a separate policy in place, it may be difficult or even too late to purchase one when you need it most.

Myth 4: Life insurance is too expensive.
Truth: It probably costs less than you think. For example, a healthy 30-year-old male can get $250,000 of 20-year term coverage for less than $15 per month.1 And as average life expectancies continue to increase, life insurance prices keep going down.

Myth 5: Insurance policies are all the same.
Truth: Policies that have similar names may differ substantially in what they cover. So before you buy based on price alone, it pays to read the fine print.

Myth 6: There's no reason to insure a stay-at-home spouse.
Truth: Your stay-at-home spouse may not earn an income, but think of the services he or she may provide for free: child care, meal preparation, housekeeping and more. With that spouse gone, life suddenly gets a lot more expensive. Life insurance can defray the cost of hiring help in your partner's absence.

Myth 7: Buying life insurance is a hassle.
Truth: Today, you can use simple online tools to determine your life insurance needs, compare options and apply on the spot. Explore at your own pace with no high-pressure sales tactics. And if you have questions, call us.

Buying Life Insurance Tips

Life insurance serves as a protection if the insured dies. For example, if I was insured by an insurance product and die tomorrow, then the insurance companies will provide insurance money to people who I left behind.

The purpose is to take life insurance to cover the potential loss of income. If I as the backbone of the family died, the family I leave behind will lose sources of income. If I follow the life insurance program, so that my family would leave the insurance money that can be used as a substitute for the lost revenue, at least for a while.

Actually the rule choosing life insurance products are not much different from choosing another product:

* No purchase life insurance if not required; and
* If you need life insurance, buy life insurance that provides adequate protection.

From my brief survey to several friends and family members, virtually none of them are taking life insurance in accordance with the rules above. Most buying life insurance when not needed, and not take life insurance with a sufficient sum assured if needed.

Do not buy life insurance if not required

The main factors are buying life insurance dependents and obligations (e.g. debt). If someone does not have both so concerned not need life insurance.

Small children (or even newborn) do not need life insurance protection because it does not have any dependents. If the child dies, the family will grieve, but it will not adversely affect the financial condition of the family. On the contrary, precisely the family finances would improve because the number of dependents decreases. Buy life insurance child at this stage will only give free money to the insurance company.

People who already have money can become not need life insurance if you are concerned do not have dependents and do not have obligations. People without dependents and no liability to third parties do not need life insurance because if the person dies, no one feels lost revenue.

If the person is on the take-credit, consumer credit, especially now that the question already has an obligation. Thus, it is time he takes the life insurance (if credit is not equipped with credit insurance). If not, then he has the potential to incriminate relatives if something bad happened to her.

Parents of all children are independent and no longer have an obligation to the other party does not need life insurance. If the respective dies, her children will grieve, but no one will ever feel financially disadvantaged. In addition, if the parents are managing the funds properly, then the concerned should already have savings or investment return far greater value than the sum assured of life insurance.

If the parents are already having enough savings, he could cancel his life insurance before the time if the perceived value of insurance coverage is not proportional to the amount of savings. If he dies before the children independently, his children will still be a legacy in the form of these deposits.

If it does not have dependents and no longer in productive age, the elderly person needs life insurance is not, but the liquid funds in large numbers. Furthermore, in these conditions required that the product is exactly the opposite of life insurance, annuities i.e. If the life insurance provides protection if the insured dies too soon, annuities serve to provide protection if the insured is living too long. Pay life insurance premiums at this time could be a "financial disaster" for the required product is exactly the opposite of life insurance.

Get Cheap Car Insurance Rates

Chances are that if you are over 25 years of age you can get a pretty good discount on your car insurance. Auto insurance companies tend to give discounts to drivers over the age of 25 because they see them as more mature because of their experience behind the wheel.

However the best age group that gets excellent rates on auto insurance are senior citizens. Auto insurance companies consider people over 50 years of age as senior citizens. They get the best rates because they are less likely to get into auto accidents or get a speeding ticket.

If you want to get the best rates possible you should consider combining your home and auto insurance together. Auto insurance providers generally would give insurance discounts to individuals that combine their auto and home insurance together. This helps you save money and also helps you easily manage your bills.

Another way to get your car insurance rates cheaper is to go online. By going online you have the opportunity to get the best rates possible because you do not have to deal with agents trying to receive commission like those locally in your area. Generally the more information you give the car insurance companies online the more accurate your quotes will be.

Cheap Life Insurance Rates Online

You need to be well informed about this because some insurance companies that make monetary losses from some claims end up shifting that burden to the consumer. You must look for an affordable indemnity cover that will allow you to save some money. Requesting indemnity quotes by filling simple online indemnity questionnaires that are provided by different indemnity companies; you can find and compare indemnity rates online.

Following this simple way, you will be able to compare indemnity coverage and premium quotes from competing indemnity companies. This process can be done in 15 minutes or less and you don't even need to make a single call or being a part of the lengthy and time consuming meetings with indemnity agents. To find cheap indemnity rates online, you can also look into other non indemnity companies' sites that have the technology which will allow you to compare indemnity premium quotes from multiple competing indemnity companies in a few minutes by entering your information.

One of the best ways to find out the best rates over the net is to keep checking the quotes of various indemnity plans. This will help the customers get the quotes of their desired choice. The third party indemnity companies can also be consulted for a comparative analysis. Thus, it is very important to compare the indemnity quotes before buying an insurance scheme.

Given the current recession it is important to make sure to prioritize your money and compare insurance quotes online. A good place to state would be an online website that actually allows you to compare insurance quotes online for free.

Job in Insurance

Everybody needs money to their live in this world. Due to that we have to work in order to get money. Looking for a job seems not as easy as we imagine. Sometimes we get a job but it is not appropriate with the skill that we have. But insurance jobs uk has everything related to this problem, especially on job in insurance and recruitment. 

It can help job seekers to find a job, which is suitable with. There are many job insurance sectors that can be handled by Search Insurance for their solutions, such as Personal Lines, Commercial Insurance, Marine Insurance, Liability, Medical, Personal Accident Cover, Healthcare and Reinsurance.

With their variety of Consultant services, both for permanent and temporary job recruitment, this company becomes UK's largest database employers on full range of positions. Then their clients will be easily finding the best candidates. Because they have established specialist consultants, which are dedicated and experienced work on solid team for high quality and outstanding success.

Four Types of Insurance

Fundamentally you are a moment ago a collection of danger. May You Trust That You Do not should insurance for you or for your family and That You will take your chances on staying healthy and safe Risk But taking this cost you Everything That Could Have Worked for you. The Following are the basic forms of insurance That Should Have Every person Regardless of Their race, age, or Nationality and the Reasons why you do not want to get caught without them.

Health insurance is a big topic and one that is getting much in the U.S. Attention right now. One accident or injury Needs Treatment That Can is enough to wipe you out in Financially Potentially Both the short and the long term. Many people have to declare bankruptcy due at least in part to unpaid medical and others prolong Treatment Expenses until it is too late. A health insurance policy is NECESSARY that is something for everyone from birth Until Death.

Car insurance is of course a form of insurance most people realize That They Need, mostly because the law says they must have it to drive. Even if you are an excellent driver-you-can wind up with Injuries and property damage from someone else's negligence so it is important to make sure insurance Coverage That You Have to Take Care of These issues just in case.


Life insurance Is another Thing That Especially Young people do not think That They Need. Death is Not Guaranteed to hold off Until late in life so it is advisable to carry at least a minimal life insurance policy Even If You Do not Have Any Dependents. Life insurance cover Can you pretty cheaply if you are young and in good health But It Can really help your loved ones pay for funeral and burial Expenses That Could September them back quite a bit. Everyone should have at least a minimum life insurance policy.

Home owners and renters insurance Policies are very important no matter WHERE you live. Believe it or not, even the most dog modest cost of home furnishings to replace a lot. When taking out a policy like this make sure your stuff That They cover not at the present value but at the replacement value. If you lose everything you will not Have Time to shop around for bargains you will need replacements right away and the best way to get through that is a replacement value policy.

Get Cheap Car Insurance Rates

Chances are that if you are over 25 years of age you can get a pretty good discount on your car insurance. Auto insurance companies tend to give discounts to drivers over the age of 25 because they see them as more mature because of their experience behind the wheel.

However the best age group that gets excellent rates on auto insurance are senior citizens. Auto insurance companies consider people over 50 years of age as senior citizens. They get the best rates because they are less likely to get into auto accidents or get a speeding ticket.

If you want to get the best rates possible you should consider combining your home and auto insurance together. Auto insurance providers generally would give insurance discounts to individuals that combine their auto and home insurance together. This helps you save money and also helps you easily manage your bills.

Another way to get your car insurance rates cheaper is to go online. By going online you have the opportunity to get the best rates possible because you do not have to deal with agents trying to receive commission like those locally in your area. Generally the more information you give the car insurance companies online the more accurate your quotes will be.

7 Tips On Getting The Right Flood Insurance So You Can Stay Prepared This Winter

“Purchasing flood insurance is not something you want to rush,” notes David Beavers of the Water Damage Team. “To properly protect your investments you should take the time to properly prepare before purchasing flood insurance, as rates limits and coverage alter drastically between insurance companies. To help you prepare for your search, please enjoy the following list of tips for finding the right flood insurance.”

1. Assess your Home’s Risk
A nation wide insurance company stated that one third of the flood claims they get come from homes not in a flood prone area. It’s important to consider your real risk for a flood of any kind, and how high if a risk it is. Depending on your homes propensity to flood, the policy you choose should adjust to it accordingly. You can go to the governments flood site, FloodSmart.com, to get a better idea of your homes risk for flooding as well as some estimates for price ranges you should be expecting.

2. Don’t Wait
It takes awhile to finalize the process of getting flood insurance, and if a flood occurs during that process it’s not likely that you will receive coverage. If you are considering this type of insurance, then make sure you plan to purchase it well before flood or even rain season. Unfortunately, the majority of homes in Louisiana had no flood insurance during hurricane Katrina, and government handouts only go so far.

3. Educate Yourself on Limits
Before signing anything, make sure you know your home well and they type of flood damage it could incur. Then carefully evaluate your flood insurance proposal and make sure you are fully covered for any and every area of concern. While some insurance companies have limits to the amount they’ll refund you for damages, some will cover your home and it’s possessions to the full extent. Do not be afraid to ask questions, express concerns, or criticize rates and limits. This is your home, life, and family you’re dealing with so it’s okay to be a little pushy to make sure you’re getting what you want when you pay for it.

4. Ask About Rate Increases
No one wants to think about their rates increasing in the future when they’re first taking on a new bill, but it is important to remember that your flood insurance rates could very likely rise and you will be expected to pay the difference. Luckily, now that you know this you can take a look at rate limits for each insurance company you consider, and factor them in.

5. Preparation is Key
The more knowledgeable and prepared you are when choosing flood insurance, the more likely you are to make the perfect choice for you. Before going in to question agents, make a list of things you’d like to ask and know. It’s easy to get flustered and forget important things when you’re talking to a smooth talking insurance agent who knows how to make a sale. Know what exactly you’d like protected from a potential flood (just the home, or all possessions or vehicles as well?) and what your budget is. Look online before going out to et a good idea for insurance rates for your area.

6. Ask Neighbors
Don’t be shy to ask neighbors and friends living nearby if they have flood insurance and which company they purchased it from. Make sure to ask multiple questions from overall satisfaction, to reliability and rates. The best reviews are from the customers themselves as opposed to the company trying to sell their stuff.

7. Do Not Rely on Handouts
Although it’s true people living in high-risk areas have the right to government aid in a natural disaster, they aid is very limited. Very limited. If you live in one of theses areas and thus think you don’t need insurance, know that you’ll receive some help but you may lose your home and possessions in the process, as the government is not likely to replace them.


The Water Damage Team is a nation wide disaster restoration company, with years of experience in water removal and water drying. As well as storm damage clean up, contaminated water removal, structural drying, debris removal and mold remediation.

Trampolines and Homeowners Insurance Coverage - How a Trampoline Affects Your Home Insurance Policy

How will getting a trampoline affect the price of my homeowners insurance policy? In the US alone, the number of trampolines in use is approximately three million, which implies roughly three% of all American houses have a trampoline somewhere on their property. However, quite a few of those three million trampolines will be responsible for numerous injuries. When you take into account that an estimated $280 million dollars a year is spent by insurance corporations to treat injuries induced by trampoline use, the consumer can begin to have an understanding of why insurance coverage organizations are becoming increasingly reluctant to insure houses with a trampoline.

Trampoline associated injuries tripled in the years from 1991-1999, and in 1999 over 100,000 incidents of hospital emergency room visits had been for trampoline related injuries. (Two-thirds of all injuries were in the age group 6-14.) Though 40% of all trampoline injuries are to the leg and foot location, some injuries such as paralysis have occurred and the resulting lifelong condition has triggered the medical expense for treatment of these injuries and the long care assistance to go far above the policy limits set by most property owners insurance businesses. In addition, the number of trampoline associated deaths given that 1999 is 11.

That is the down side of trampoline use. There is also an upside that is usually overlooked. And even though there have been quite a few injuries as a result of trampoline use, there are also a great number of households who have owned a trampoline for lots of years, gotten almost day-to-day use out of it, and in no way had a single injury. These houses have supervised trampoline activity, set up some simple recommendations for its use (the quantity of people permitted to jump at a time, no flips allowed, no pushing, and so on.), and have installed a safety net that prevented jumpers from falling off the trampoline.

Trampoline manufactures also have performed significantly in current years to increase the safety of their item. The smaller, round units with padding covering the springs and the availability of an very affordable net method all are meant to assist the user keep away from injuries. (Of all the persons I've spoken to who personal a trampoline, all insist that they would not own one particular if there was not a safety net enclosing their trampoline.) There are also a number of wellness advantages linked with the trampoline. In the age of video games and tv, a trampoline presents the opportunity to play in the sunshine, get involved in muscle building physical exercise, and encourages the children to do something together. And for some cause its appeal does not seem to wane, even following a large number of years of use.

"TRAMPOLINE EXCLUSION"

A large number of homeowners insurance coverage policies contain what is called a "Trampoline Exclusion" clause. If you personal a homeowners insurance policy with them they will cover liability for injuries that occurred to other individuals although on your home, but they will not cover trampoline related injuries. If you have set up your trampoline following you bought property owners insurance coverage policy, you may not know if you have coverage. Most insurance suppliers in their paperwork ask if you have a trampoline on your property.

With some insurers this is an matter and they could ask you to get rid of the trampoline or have your insurance policy canceled. Also, in the occasion that a guest is injured when jumping on your trampoline, and you are uncertain no matter if you have liability coverage in that region, you could possibly discover out the hard way that you are responsible for some hefty medical bills. It would be ideal to locate out now, and not right after the reality and take the required methods in order to be held financially responsible.

"Appealing NUISANCE"

An additional problem with trampolines is that they are deemed an "attractive nuisance". Just as with a swimming pool they "beg" to be tried out. Men and women, regardless if permission has been given, are tempted to try them out. You might possibly even have signs warning against trespassing, but if an individual ignores those warnings, jumps on your trampoline and injurers himself, you might possibly be subject to a lawsuit. ( I know, go figure.) You can not be identified liable in court, but the cost of going to court and the attorney charges still means that the insurance coverage firm has had to spend out some big bucks and this is yet another strike against the use of backyard trampolines.

Important Home owners Insurance Providers AND THEIR POLICIES Regarding TRAMPOLINES

Despite the fact that there can be specific variations from state to state, Allstate, Farmers Insurance, and SF Insurance have the three basic approaches to trampoline coverage.

Farmers Insurance - Home owners WITH TRAMPOLINES May perhaps BE DENIED COVERAGE

In Pennsylvania, owners of trampolines can't get coverage by way of Farmers Insurance. Other states, have various parameters and a call to Farmers will inform you if they will give you coverage and what qualifications might be attached to the policy.

Allstate - COVERAGE WITH Specific SAFETY PRECAUTIONS IN Location

Allstate delivers coverage as long as certain safety precautions are adhered to. Their policy calls for that the trampoline be enclose by a safety net and that it also be situated within a fenced enclosure that is at least 4 feet high. The gate to the fence must also have a lock on it and the lock ought to be in use.

SF Insurance - NO EXCLUSIONS

Beneath a regular homeowners policy, there are no exclusions for trampoline owners.

The above are just 3 important insurers, but there are a large number of a lot more along with smaller independent insurance companies that should be considered for . The necessary point is to make positive that YOUR home owners policy covers liability cost for trampoline associated injuries. If not, then it is time to start out shopping once again.

Whether or not your property owners insurance coverage policy already covers trampolines or not - it is often a good concept to store around just about every 6 months and compare rates from top rated firms side by side. Be sure that you are not paying additional for home owners insurance coverage than you must.

Why Shop Car Insurance Rates Online?

Before the internet became popular, the only way  to shop and compare insurance companies was to look through the yellow pages and call them one by one. Now since the internet is popular, getting a car insurance quote is simple. No more having to go directly into the office of a company or even having to mail your documents in. Now, getting an  insurance policy can be done within 5 minutes. In which, give us more time to do other things.

Shopping and comparing insurance rates on the internet is much easier and faster than going directly into an agent office. For example, if you're going into an agent office and asking about getting cheap auto insurance quotes for new driver,  it will take you about 45 minutes to an hour to get a quote. If you don't like the quotes given, you just wasted 45 minutes of your time. The process is totally different when looking for the cheapest quotes. You can find numerous of websites online that  can help you shop and compare rates within a click of a button.

 Once you find the auto insurance rate that is affordable, the company you chose will send you an email for you to review your policy and do an e-signature. An e-signature is just like as signing your contract in person with an agent, but you will do it online instead. This is a simple process for both you and the insurance company. Some people still prefer to go into an agent office for the face to fac

Another reason shopping for insurance rates online is better is you have access to multiple companies. There are car insurance companies that can insure you even if they don't have any locations in your state. Most insurance companies are license in at least 10 states. You should take advantage of that. You can find more related auto insurance articles here.

Save Money On Car Insurance By Following This Great Advice

You want information about auto insurance and you would like to have it in a easy to understand format. If this is the case, this article will be perfect for you. We will lay out some of the most important tips and guidelines in a way that you can quickly digest.

If you must travel by car for business, try not to use your personal vehicle. Most auto insurers will charge an additional fee on top of your premium for business use. However, do make sure you tell your insurance company if your car is used for business, so that you are covered in case of an accident.

Find out if you can get a discount on your car insurance rates if you have not made any claims during the last 3 years. Some insurance companies will give you a special discount because you are believed to be less of a risk, due to no recent insurance claims.

Look for multi-car discounts where ever you can get them. If your teen just started driving, you will save money by putting their car on your policy. Newly married? Get quotes from each insurer for a new combined policy and go with the best company that gives you the best features for your money.

With auto insurance, the lower your deductible rate is, the more you have to pay out of pocket when you get into an accident. A great way to save money on your auto insurance is to opt to pay a higher deductible rate. This means the insurance company has to pay out less when you're involved in an accident, and thus your monthly premiums will go down.

An important auto insurance tip is to always review your driving record prior to seeking price quotes on a new policy. By knowing how many tickets and points are on your state record at any given time, you will be able estimate the impact they are likely to have on the cost of your coverage.

Did you know that it isn't only your car that affects the price of your insurance? Insurance companies analyze the history of your car, yes, but they also run some checks on you, the driver! Price can be affected by many factors including gender, age, and even past driving incidents.

Trying to save money on car insurance? If you are, then a good way to lower your premiums is to increase your car insurance deductible. However, don't raise the deductible so high that you wouldn't be able to pay the claim should one arise. To prepare for the unexpected, be sure to set money aside in a savings account and try not to use it for anything else.

In conclusion, we have provided you some of the most crucial aspects regarding auto insurance. We hope that you not only were able to learn something, but also will be able to apply it. Follow our advice and you will be one step closer to being an expert in this subject.

Know What Car Insurance Information That You Should Know

Insuring your automobile can be a complicated and frustrating matter. There are so many confusing options and scenarios to consider that you really need some guidance in finding the right coverage for your vehicle and your needs. Read on for some great ideas on how to go about navigating your way through the red tape and paperwork and finding the best auto insurance for you!

Be sure to understand the terminology used in your car insurance policy. Even when you talk to your agent, he will be talking about things like comprehensive, collision, and liability. Make sure that you understand what is meant by all of this, this way you will be able to ask all the questions you may have and understand the answers that you will be getting.

If you drive a newer model vehicle, be sure to review the policy details closely to see how the company handles repairs in the case of a claim. Some companies include verbiage indicating that after-market parts may be used for repairs. If you have a newer vehicle and want to ensure factory parts are used in repairs, you may want to consider a different carrier.

If you are aiming to lower your auto insurance premiums, then a basic tip is to avoid any accidents from occurring! Yes, this is pretty obvious, but it does wonders for lowering your premiums. Some ways you can be a safer driver include: driving at or below the speed limit; stopping at stop signs; and using turn signals.

Stay far away from vehicles with the word "sport" included on them. Anything that goes fast is viewed negatively by insurance companies, as these can influence drivers to take more risks, which in turn costs them more money. Steer clear of sporty vehicles unless you want your premiums to get higher.

If you have a shiny new car, you won't want to drive around with the evidence of a fender bender. So your auto insurance on a new car should include collision insurance as well. That way, your car will stay looking good longer. However, do you really care about that fender bender if you're driving an old beater? Since states only require liability insurance, and since collision is expensive, once your car gets to the "I don't care that much how it looks, just how it drives" stage, drop the collision and your auto insurance payment will go down dramatically.

Saving money on auto insurance doesn't always happen as soon as you sign your policy. One of the best ways to save is to stick with the company for a few years while proving you are a safe driver. As your driving record remains unblemished, your monthly premiums will start to go down. You could save hundreds each year that you avoid an accident.

Hopefully this article has provided you with some useful tips you can take into the process of obtaining auto insurance and come out on top. With so many variables and types of coverage, it's a wonder any of us ever find ourselves the right insurance, but with a little investigating and the helpful advice you have read here, you can get the best cover at the right price.

Son Needs More Coverage

Hello There!  I am intrigued by your illustration here and I thought all this time that Car Liability Insurance is only for damaged property. My son is the one driving our car and he is only 20. I am glad I saw this information so I can add a higher limit to his insurance. I have to call his insurance company and get a higher coverage. I understand now that there are 3 limits and it includes bodily injury. Wow! That is such a relief! My son usually goes to parties and sometimes has a couple of beers when he is out with friends and that worries me so much. I think I have learned more about his insurance now. I have talked to an agent earlier and I discovered he has very low coverage. I don’t think it is enough or him. He is too young and really isn’t that responsible yet. I would not want to end up paying or all his damages when the time comes.

He is also rather accident prone so I hope he will be a little bit more careful with his driving. He has 25/50/25 coverage now and I think I will increase it to 100 /50/100. I don’t mind spending a little bit more so I will be at peace when I sleep at night and he still isn’t home from partying.

I know I still treat him like a baby but he will be 21 years old next year and I hope he will learn more responsibility on the road. I know that if ever he will meet an accident, he will really be at fault. More often than not, he texts or calls while driving. His girlfriend doesn’t help also. She also is a party girl. I hope she will be a good influence and ask him not to text while driving or drive when a couple of beers have. It is better safe than sorry. Thanks for the very useful information guys!


Infographic by LiabilityInsurance.Org

Helpful Tips And Advice About Buying Car Insurance

There is so much information about auto insurance that people do not know. If you have a car, you need to have insurance for it. If you have insurance, there are helpful tips that you are going to need to help you get the most from your auto insurance policy.

Know the value of your car and get coverage accordingly. If your car is old, then it probably doesn't make sense to have full coverage on it, but you may want full coverage if you have a new car. Also, look into purchasing Gap insurance for the first couple years that you have a new, financed car that was purchased using less than twenty percent down.

As an automobile insurance customer, you should always be on the lookout for scams out there. With new insurance companies popping up every day, some of them make bold statements and promise to offer lower monthly premiums, but the coverage is cut-rate at best and is likely to drastically increase after you file a claim.

If you are driving into Canada or Mexico, many people don't realize that your American car insurance won't cover you in a foreign country. You will need to purchase auto insurance ahead of time online, or in the border town or city where you will be crossing over into either Canada or Mexico.

As you age, check with your auto insurance company about discounts. If you have a long history of safe driving habits, your age might qualify you for further rate reductions. Most insurance companies have a sweet spot around fifty five to seventy years of age for age-related discounts on their policies.

When talking with your agent about auto insurance coverage be sure to ask about discounts. Many insurance companies offer discounts for various things that could bring down the cost of your coverage. Some of the things that insurance companies offer discounts for are student discounts, anti-theft devices installed on the vehicle, low mileage, and good driving records.

Students are usually offered a lot of discounts when it comes to auto insurance. If you're a student looking to save money on a policy, check out resident student discounts. These discounts are for students who only use their vehicles during the weekends, holidays and summer months. You can save some big money with this discount.

If you're planning on buying a new car, choosing one that is less desirable to thieves will lower your insurance rate. Online, you can find lists of the cars reported stolen most often and it's likely that they are the same lists that your insurance company uses to calculate your premium. Use this information as part of your research into which car you should buy.

Use the tips and the information that you learned from this article to get the assurance that you are covered for anything that can happen on the road. They are going to be quite helpful when the time comes around to renew your auto insurance policy every six months or yearly.

Auto Insurance Quote Review

Have you thought about asking for a free auto insurance quote on the internet? Are you concerned because you may not know anything about the company providing the quote? Are you wondering how you can find out about the reputation of the company giving you a quote, especially when it comes to paying out claims?

This article will tell you how to find out about insurance companies: their financial stability and how many consumer complaints they receive, how to ask for a quote so you can compare apples to apples, and results of online quotes from eight known auto insurance companies.

How to find out the stability of an insurance company

The financial stability of a company is rated by A.M. Best and Standard & Poor's. These companies provide an independent opinion of an insurance companies ability to meet its ongoing policy and contract obligations. The A.M. Best rating is expressed as a letter grade from A++ (the highest) to D. It is recommended that you do not work with companies rating B or lower. The Standard & Poor's Ratings range from triple A (the highest) to CC. It is recommended that you do not work with companies rating lower than BBB.

How to find out individual policy holder satisfaction with an insurance company

Annually J.D. Power and Associates gathers data from policy holders nationwide regarding policy options, pricing, automated phone service and overall satisfaction, with the insurance company providing their insurance. The best rating is 5.

How to Find Out the Number of Consumer Complaints

The Department of Insurance for each state provides the general public with consumer complaint ratios. This ratio helps the consumer to identify the number of complaints per number of claims filed. A maximum of forty companies are compared. If more than forty insurance companies have complaints, only the forty companies with the most complaints will be compared. It is recommended that the complaint ratio be checked in three or more states to identify specific insurance company trends. A ratio of less than one hundred is better than average.

How to ask for a quote so you can compare apples to apples

A response to the following information must be decided before asking for an auto insurance quote:

    *Car make, model, year, current mileage
    *Deductible amount for collision, comprehension and liability
    *Coverage for medical
    *Purpose for using the car
    *Miles driven per year
    *Number of designated drivers
    *Drivers ages


What is the result of performing the above steps?

The Auto Insurance companies used for this Auto Insurance Quote Review are 21st Century, Allstate, Esurance, Geico, Nationwide, Safeco, The Hartford. These companies were selected based on longevity in the business and their familiarity to consumers throughout the United States. The stability, consumer overall satisfaction (Sat.), policy options (Opt.), price (of premium) and automated phone service rated as follows.

J.D. Power and Associates

Insurance Co. AMBest S&P Sat. Opt. Price Phone

21st Century A A 3 3 4 2
Allstate A+ AA- 3 3 3 3
Esurance A- n/a n/a n/a n/a n/a
Geico A++ 3As 3 4 4 3
Nationwide A+ A+ 3 3 2 3
Safeco A A- 3 2 2 3
The Hartford A AA- 3 3 4 3

The number of consumer complaints for these auto insurance companies rated as follows in the states of Illinois, Minnesota, Missouri, Texas and Kentucky.

The Complaint Ratio for Five States

Insurance Co. IL MN MO TX KY

21st Century n/a n/a n/a 199 n/a
Allstate 55 130 130 165 19
Esurance n/a 212 212 455 0
Geico 33 149 128 132 116
Nationwide n/a 76 76 131 0
Safeco 29 117 117 71 25
The Hartford 29 n/a 454 200 54

The Auto Insurance Quote Sample

The following information was used for all quotes:

    *2006 Toyota Camry 4dr v6 engine LE
    *50,000 miles
    *Driven under 9000 miles per year
    *Used for pleasure
    *$100 Deductible for comprehensive and collision
    *$250,000/$500,000 Liability & collision
    *$10,000 medical
    *One car and two drivers


Auto Insurance Quotes

The following six month policy quotes were received from each of the companies listed below:

Company Quote

21st Century $237.68
AllState $392.00
Esurance $343.00
Geico $260.10
Nationwide $415.40
Safeco $281.00
The Hartford $375.00

Ways To Lower The Premium

Most insurance companies will offer discounts for the following events:

   * Save driving record for 3 - 5 years
   * No minor infractions for 3 years
    *Anti lock devices installed in your vehicle
   * No DUI for the last 3 - 5 years
   * License not suspended for the past 3 years
    *Good credit rating
    *Car owned rather than leased or financed
    *A second vehicle is also insured
    *Other types of insurance is also purchased from them

High risk drivers can expect to have a higher premium. Not all insurance companies will insure them. In addition when a high risk driver has an accident, the insured can expect difficulty when attempting to get the vehicle repaired using car manufactured parts. Generally auto insurance companies will pay only for the cheapest parts available.

Some insurance companies offer a lower premium for the first year as an enticement to encourage you to get your auto insurance coverage through them. So always ask about the second year premium price.

How to Ensure the Exellent Deal on some Car Insurance?

Car Insurance

Insurance plan regarding car will be required simply by American indian rules however often this will become a great mind-boggling job regarding proprietors to get the best strategies with the best premiums accessible. Experiencing happy using the active strategy and restarting this repeatedly or maybe buying insurance inIndia with out carefully considering and analyzing the choices can lead to unneeded repayments. The simplest way is to shop around regarding insurance throughout Asia as a way to make certain you are obtaining the perfect package from the perfect price tag. Maintaining the thoroughly clean driving record may help the owner acquire good-looking discounts on insurance.
Moving in regarding contrast looking from almost any point of their time, no matter if in the course of revival or maybe buying brand-new strategies can't be underestimated. You should take a look at several selections previous to choosing a great insurance company to be sure that a person is acquiring the perfect package from cost-effective charges. There are several elements in which ought to be regarded as while buying insurance strategies including the place of dwelling, driving record with the man or women, his age plus the kind of car they hard disks. Trying to keep these kinds of elements in your mind search for insurance services and you're certain to uncover one who may offer a good strategy from noticeably cheap in comparison with additional services already in the market.


Although you may already carry an insurance policy it is important to examine periodically as to what premiums are now being which is available from additional services already in the market. Insurance strategies as well as your situations go on changing and thus it is important to get a service who comes with a far better package and this too from the perfect cost. Numerous insurance providers provide many different discounts for their consumers that are entitled to the same. These types of discounts are tightly in connection with the particular driving record with the man or women, basic safety capabilities installed inside the car plus the age with the new driver.

avoid rental car insurance fees

How to avoid rental car insurance fees :  It makes me crazy whenever I rent a car, and the agent highly recommends I get the "collision damage waiver," or CDW. They tell me it's $15 to $25 per day.

With rates like that every day, they must think I'm a drunk who always drives on the wrong side of the road. Have they even checked my driving record? So, I never get it. Why? Because my insurance agent told me I'm already covered, and many of us are. Besides, I rent the car using a credit card, which also provides rental car insurance.

Is that extra fee sometimes recommended by rental car agents really necessary?

Typical Coverage*
Item	Rental Insurance	Personal Insurance	Credit Card
Damage to rental car	Yes	Yes	Yes
Damage to other cars	No	Yes	Possibly
Damage to property	No	Yes	Yes
Damage to people	No	Yes	Possibly
Deductible	No	Yes	Yes
Theft	No	Yes	Yes

A little pre-planning with your insurance agent can get you to say what I say: "No, thank you. Your daily rate is outrageous.", "I think a lot of people don't know" about coverage, says Don Bennett, owner of Sage Insurance in St. George. "That's the biggest problem. Every time someone rents a car, they're just not aware of what the coverage is."

Bennett says most people don't pay for the extra insurance and take the chance that they won't get into a wreck.

"It's much better to ask a few questions in advance and know where you stand should an accident occur," Bennett says.

The car rental agencies offer what's called a collision damage waiver. It covers damage to your rental car at rates from $15 to $25 every day. But it doesn't cover the damage to other cars, property — or, worse, people. And neither will your credit card.

That's why you should ask your insurance agent about whether the liability from your personal auto insurance will extend to your rental car. In most cases, it will.

"If you don't have comprehensive and collision coverage, the only coverage is property damage and bodily injury, through your negligence," Bennett said. "If you do have comprehensive and collision, that will extend as well."

But your deductible also extends to the rental car. If you have a $1,000 deductible on your personal car, that will also be the case with your rental. That's where your credit card comes in handy.

"Your credit card insurance would pick up that first thousand dollars in damage for you," Bennett said.

Here's another fee car rental agencies tack on after an accident: the "loss of use" fee. They'll zing you for every day the car was in the shop and they couldn't rent it out.

Now, the rental agency's own collision damage waiver covers that. But it's another question you should ask your insurance agent first.

"If your personal auto insurance doesn't pay loss of use or administrative fees, your credit card rental insurance may pay those," he said.

Discover Card does not, but Visa, Mastercard and American Express do. But here's the thing: The rental agencies have to show they didn't have other cars available to replace the damaged one. I know from experience they won't always tell you that, while tacking on the fee. They once told me it was standard practice in the industry. Here's another thing to consider: theft.

The collision damage waiver won't cover you if your rental car gets stolen, so see if your own auto insurance or credit card will cover that. If you are covered for theft, your policy might also say if you are careless with your own car or a rental, you're not covered.

"Like any personal vehicle, you want to lock the doors, take the keys out, that sort of thing, otherwise you run the risk of not having that coverage," Bennett said.

Here's another thing: If you wind up buying that car rental-offered overpriced insurance, you may actually be hurting yourself when it comes to credit card insurance. Bennett says credit card companies find out if you bought that rental insurance, and then the credit card won't have to pay.

If you do use your credit card and expect insurance coverage, the credit card must be the one issued to the primary renter of the car. If you rent a pick-up, SUV or luxury car, credit card insurance won't work — but still your personal insurance might.

Pros and Cons of Single Limit Liability Car Insurance

Photo Credit: CubaGallery

Single Limit Liability is a type of Insurance under Car Liability that has one fixed amount for coverage. This is contrary to Split Limit Insurance wherein there is a pre- set amount for 3 areas: Bodily Injury per Person/Bodily Injury per Accident/ Property Damage. In this article, we will discuss more about the Pros and Cons of Single Limit Liability or Combined Single Liability Insurance for your car.


Single Limit Liability is really a plus for car owners. It combines all amounts for your totaled expenses incurred in an accident. Imagine if the damage you have done will cost so much, your single limit liability insurance will take care of the bulk of amount. Unlike split liability, you will have a limit for each injury, so you will have to pay for the excess bills.


To cite an example, if you have accidentally bumped your car into someone crossing the road, you will be obliged to pay for injuries and possibly legal suits. Will your split limit liability insurance pay for all these? Since there is a limit, you will probably be insured for a couple of hundred thousand dollars. Say for instance $300,000 for bodily injury. That’s all it will pay for. The rest of the amount, you will be forced to shoulder. If you have single limit liability, you will be able to be covered for a higher amount for all damages combined, thus, reducing the risk of selling your properties and being bankrupt in the process. Single limit liability will save your assets and your reputation as well!
A piece of advice, it is also very wise to get a Car Umbrella Insurance. This will cost a little more, say 400-500 dollars in a year. But its policy limit will range from a million to 5 million dollars! It will also extend coverage to your own home, and other valuable assets and not only for your car. So you will be at peace thinking that your house and car are insured. This, on top of your Single limit liability will extend your limit to a million or so. Going back to the case of the injured pedestrian, what if he will incur close to a million dollars in damages and legal fees? This is a reality that we often dismiss easily. In the process, we lose our homes and our dignity, which could have easily been avoided for an umbrella insurance of just 500 dollars a year!


Disadvantages of Single limit are few. The first one is obviously the cost. It costs higher than Split Liability simply because it has a higher coverage. If you are in a very tight budget, this is not the policy for you. But then again, if for instance, you are on a tight budget and you meet an accident wherein multiple vehicles are involved and you are at fault, your split liability will definitely not suffice. In hindsight, wouldn’t single liability have been the best choice?


Another disadvantage is that processing of claims may be delayed because all the damages will be charged to one amount of coverage, and in the event that many vehicles are involved and many people are injured, they have to submit all claims to the insurance agency and this will take time. Overall, it is still the best choice to have Single Limit Liability Insurance for your car. 

How to : Save money on Car Insurance

Auto insurance is essential by all licensed people but many don't learn how to find the very best rates obtainable. Being complacent and purchasing insurance without thoroughly investigating your options or maintaining a similar car insurance for the remainder of your life could mean that you will be paying too much for your car or truck insurance. Comparability shopping, ensuring that you will be receiving each of the discounts you qualify for and keeping a clean record are just some of the dollars saving ideas that could save you a bundle on insurance.

Comparison buying car insurance, even when you finally are previously insured, cannot be underestimated. It is crucial that people investigate all your options ahead of choosing an insurance provider to ensure you are receiving the best possible rate on your car insurance. There are so many factors regarded in insurance policies including where you live, your record, your get older and the kind of car people drive only to name a number of. With these types of factors to contemplate, it is incredibly possible that might be that there is a car insurance provider who offer a considerably lower price than other providers.

Even once you've secured insurance for the car, it is wise to periodically check the actual rates of which other providers offer. Car insurance plus your circumstances usually are perpetually changing and you may find that this provider that is willing to present you the very best car insurance rate differs periodically. Many insurance providers present you with a host associated with discounts on their clients who qualify for these discount rates. These discount rates can connect with your record, safety highlights of your car, your get older or other factors.

These discounts may result in a tremendous benefits on your car insurance policy but while insurance companies offer these types of discounts, they don't always advertise them. This means that you will find to carry out research to determine what type of discounts you might qualify for. Carefully, review your car insurance policy to ascertain which discounts you are already receiving after which contact your car or truck insurance provider must other discounts that could be available. One example is if your record is without requiring accidents or perhaps tickets, you might qualify for the good motorist discount.

Likewise, if your car or truck has particular safety features including daytime working lights, you can even qualify for insurance discounts. Your real age can likewise qualify you without a doubt car insurance discounts. Some insurers also offer you discounts to those who insure their house with a similar company while they insure their car. Enjoying this form of discount could save you money in both your car or truck and household insurance. Knowing the discounts that you can get and ensuring that you will be receiving these types of discounts, can save a lot of money on your car insurance.

Finally, maintaining some sort of clean record is critical to receiving the very best available insurance rate. As it is true that every car insurance provider is unique inside factors that bring about lower prices, the 1 factor which is consistent amongst all companies of insurance is a clean record is critical in your rate. Although accidents are often unavoidable, it is actually imperative you adhere to all or any traffic regulations knowning that you get safely continually. This will certainly reduce how many traffic violations you incur as well as the number associated with accidents you cause. Following the following pointers will assist you to maintain some sort of clean record that could keep the money necessary for your insurance low.

Many people lament having to pay their monthly insurance bill because they feel that the insurance isn't necessary. Although insurance is some sort of financial impediment that appears superfluous, it does settle if you are ever in a serious car accident that possesses significant personal ramifications. For this reason, you must not consider allowing your car or truck insurance in order to lapse and it's recommended you search diligently to get the best obtainable rate on your car insurance.

General insurance (UK)

This page sets out the value that actuaries can bring to general insurance.

General insurance actuaries help provide expertise in three main areas:

• Reserving (in reserving they apply statistical techniques to assess the likely outcome of general insurance liabilities, typically, and the provisions that are needed for reporting purposes)
• Rating (the pricing actuary assesses the frequency and average amount of claims to estimate premiums)
• Capital modelling (for capital modelling the actuary projects both the liability and assets of insurers to assess solvency and future capital needs).

General insurance or non-life insurance policies, including motor and household policies, provide payments depending on the loss from a particular financial event.  General insurance typically comprises any insurance that is not determined to be life insurance.  It is called property and casualty insurance in the U.S. and non-life insurance in Continental Europe.

In the UK, General insurance is broadly divided into two areas, personal lines and commercial lines.

Commercial lines products are usually designed for relatively large legal entities. These would include workers' comp (employers liability), public liability, product liability, commercial fleet and other general insurance products sold in a relatively standard fashion to many organisations. There are many companies that supply comprehensive commercial insurance packages for a wide range of different industries, including shops, restaurants and hotels.

Personal lines products are designed to be sold in large quantities. This would include motor insurance, household insurance, pet insurance, creditor insurance and others.

The London Market provides a focus for many insurance companies and syndicates operating under a Lloyd’s of Londonbanner to write large commercial risks such as supermarkets, football players and other very specific risks. It consists of a number of insurers, reinsurers, [P&I Clubs], brokers and other companies that are typically physically located in the City of London. Business is typically written through specialist brokers. The London Market also participates in personal lines and commercial lines, domestic and foreign, and provides reinsurance.

The statistics on the changing profile of our membership tell us that around 30% of our general insurance members live and work outside the UK.   As a result, the General Insurance Practice Executive Committee (PEC) is continually looking at what it can do to support our non UK members.