Buying home insurance is a good investment. The primary reason is that you just never know what can happen, and having that coverage may be the single factor that can prevent financial ruin. Knowing just how much insurance is needed, though, may be a little tricky. Here are some tips on how you can protect your home and possession with the right amounts of home insurance. Start With The Value Of Your Home Knowing how much you home is worth when you buy home insurance is a good place to start. Then you will need to know the two ways to insure your home. The first way is to insure your home for a certain value. This means that you insure it for a specified amount – say $150,000. You cannot receive any more than this value for a claim. The other way is to insure it according to replacement value. This method will enable you to get an amount equal to what it would cost to replace the original. This is the better way to go, but, of course, it will also cost more. Select The Coverage The coverage that you want will come with some options. You have a choice between being covered for a few things, which may be about a dozen possibilities of calamities, the next level which will have a few more added in, and what may be termed as All Risks. This last one will probably exclude some, though, like floods and hurricanes, and maybe earthquakes – those are usually extra. In this choice, you will also need to select between actual cash value or replacement value. The terms actual cash value refers to the value of the item when it was destroyed. It also means the depreciated value. This will actually provide you with far less value than the other form, and probably (in most cases) will not give you enough in return to rebuild what you lost. The other form, replacement value, means that your house is replaced the way it was regardless of what it costs. Add Your Possessions The same is true of your possessions. You choose how you want to insure them. Then, you will need to provide a written description of your possessions, and it is best that you also supply pictures. The easiest way to do this is to walk through the house with a movie camera and talk about the main and most valuable items. This includes going through the closets, too, and the basement – anywhere you have anything that you want to be insured. Home insurance providers will demand that you have at coverage for at least 80% of the value of the house – 90% is preferred. You will need to know at what percentage of the value of your home will things like personal property, outbuildings, boats, etc., be covered for. Also, make sure you have the recommended amount of liability in case someone gets injured or sues. Much more is involved in the process of buying a good homeowner’s policy, but these things will give you a basic understanding. Shop around for the best prices, and talk to your home insurance agent about how to reduce your cost by things such as alarm systems, fire extinguishers, fire-retardant materials, and more.
Buying whole life insurance online is similar to buying any other kind of insurance online. If you’ve decided whole life insurance is for you, read on. Begin your search. People love searching and shopping online because it’s quick and easy. To add to the convenience, you can gain instant access to multiple whole life insurance companies and policies online when you visit websites dedicated to doing the searching for you! Simply visit your favorite search engine, type “buy whole life insurance online,” “get whole life insurance quote,” or some other similar phrase, and voila! Choose a website with a large database to ensure you get the most relevant results possible. You’ll probably have the best luck with websites closest to the top of the results. Research the insurance company. You want a life insurance company that’s financially sound, customer service-oriented, and is legally allowed to do business in your state. Visit the website of any independent research company to find the financial rating of the life insurance company. Then head over to the Better Business Bureau’s website to find complaints filed against the company. Finally, give your state’s department of insurance a call and ask if the company in question is licensed to sell whole life insurance in your state. Speak with a live agent. While shopping for whole life insurance online is quick and easy, you probably want to stay away from making the final purchase sealing the deal online. After all, there will be questions to ask, fine print to read, and paperwork to sign. It’s perfectly fine to shop around for great whole life insurance online you can compare companies, their policies, and their quotes. You can research the companies further with the help of independent research companies, the BBB, and your state’s insurance department. However, when it’s time to make the actual purchase, you should request contact information for a live insurance agent for the company.
So you’ve made the decision to get some life insurance, and you’re looking to buy term life insurance online. Luckily the Internet is one of the best places to buy any form of insurance, and term life insurance is no different. You can often get discounts on insurance online, because this is the preferred purchase method for both customers and insurance companies. Before you do purchase online however, do take some time to go over the small print of the policy, and make sure you are aware of everything involved. Getting plenty of quotes is an excellent way to ensure that you get the best term life insurance deal, and there are plenty of websites that allow you to compare the rates of various policies. You should be careful to note any costs that might be hidden. The Internet is a great place to simplify things, but don’t get carried away by what initially appears to be the cheapest deal. Insurance policies always have plenty of fine print, and conditions which you need to be aware of. It is also a good idea to search for feedback about the company you are considering dealing with. Independent testimonials and word of mouth are excellent ways for gaging the reliability of a company, and how easy they are to deal with. You might be purchasing your insurance online, but at some point you may have to contact them more directly, so before you decide on a company, it is a good idea to call their assistance number and test out their customer service skills. Buying life insurance is a big step, and purchasing it online is an excellent and convenient way to save money and time. There are many satisfied customers out there who have made similar purchases, so you are in good company. Making sure that you are comfortable with the policy and with the insurance company are important steps to making sure that you have a good experience buying term life insurance online.
Life is uncertain. Death, illnesses and accidents can strike anybody at any time without warning. To handle these unforeseen situations, it has become mandatory for one and all to purchase a life insurance policy. Whole life insurance is very expensive and very few can afford it. But for people who would like to insure themselves at a nominal cost, opting for a term insurance policy is the solution. If you are interested in buying a term life insurance policy, here are some guidelines to help you choose the right one. What is term insurance? Term insurance policy is a policy which covers you for a certain period. Once the term is over, you need to renew the policy. When the policy is in force, it pays a predetermined sum to your dependents on your death. There are no deductions for any government taxes. In return, you pay a certain sum as a premium to the insurance company till the policy term expires. There is no investment involved in this type of insurance. Who can get lower premium quotes? If you are young, in good health, a non-smoker and are in the correct weight range appropriate for your height and gender, you are entitled to lower premiums. Taking additional coverage will slightly increase the quote, but it is advisable to do so. But do not go for the riders like accidental death or waiver of premium as they can increase the quote steeply. Opt for paying your premium annually because many insurers ask for higher monthly payments. Ask many insurers for their quotes on various time periods. If you think that the quote charged is very high, negotiate with the insurer to lower the premium. When can I avoid purchasing insurance? If you have no dependents, then life insurance is unnecessary. But if you choose to buy one, select the term favorable to you. The term should be the time when there are no people depending on you. This may be because you are single, your children have started earning or you are enjoying the post-retirement benefits available after 65 years.
After buying a brand new home, the next big thing you should consider is how to protect it. This calls for home owner insurance shopping. But if you are only familiar with “how to buy your dream house”, then it is only the right time that you keep on reading this article for it will teach “how to buy a home insurance policy”. Not only that, you will learn how to save on your insurance. First things first, before you contact any home owner insurance company and close a deal with them, you should allow yourself some time to do research and learn the basics of home owner insurance shopping. Along with it, you need to know more about your home since its details will become the basis of your insurance policy. Know the dimension, the size, the structure, the age, location and everything in between. Also make an inventory of your appliance and furniture. Then ask yourself this question: what type of coverage do I need. Usually, a home owner insurance policy covers perils such as fire, vandalism, burglary, and earthquake. Other higher home owner insurance policy will cover anything you can think of. If there is a need to purchase basic coverage or the upgraded one, it all depends on how you know and study the details about your home. Here is an example: You live in a state where storm is frequent. Thus, it is important to you to get coverage that would enable you to have a claim on damages cause by storm. Same thing applies if you live in a neighborhood where burglary is rampant or if you have a home that is somewhat a fire hazard, etc. It is helpful also if you do some research online. Research not only on things about home owner insurance but also on the types of insurance that you might need. Doing this will support your initial idea of what type of home owner insurance policy you need. Shop around. There are several home owner insurance companies out there. Each offers different rate. To get the best rate, all you need to do is to visit at least 3 sites and compare one after another. If you want to get better rates, one tip is to stick on your current insurance company. If you already have car insurance with one company, ask about the special rate they give if you decide to purchase a home owner insurance policy with them. Normally, one company would give 10-15% discount on the second policy. If you don’t have current insurance policy at hand or if you are not satisfied with your present insurance policy, you still have the freedom to select from other companies offering home owner insurance. Ask discounts. There are several insurance companies that are willing to lower down the rates for you. There is nothing to lose. Just feel free to ask. After you have done this all, more or less you already have found one for you. But before making a deal, it is advisable to read carefully the terms and conditions. In this way, you can clarify the things you cannot understand or ask question about the provisions on the policy you are purchasing. If you are totally sure about your chosen policy, you can sign it, go home, and spend the rest of the day enjoying your new home.
Learn Why Your Current Auto And Medical Plans Are Not Enough Mexico consistently ranks amongst the top ten destinations for travelers. Its tropical resorts and mountain retreats offer a range of activities from shopping to adventure sports. It also creates the right circumstances for accidents and injuries. According to the Department of State, the lead U.S. foreign affairs agency, many American visitors assume the standards of security and safety are the same as they are in the U.S. These presumptions have lead not only to serous injuries, but even deaths. Compounded by differences in Mexican law, accidents and medical emergencies can become a costly and bureaucratic nightmare. As a result, the Department of State urges citizens to take responsibility for their safety, and to also ensure that they have the auto and medical insurance needed. Driving and Mexican Law Mexico’s law is based on Napoleonic Code where guilt is assumed over innocence. As a result, all drivers must have a Mexican insurance policy from a company authorized to do business in Mexico to cover damages or injuries. “U.S liability insurance is simply not valid in Mexico,” says Linden Gray, Director of the http://MexicanInsuranceStore.com. “That even includes most of the major U.S. collision and comprehensive coverage plans.” In addition to the required Mexican auto insurance, you should also consider a plan that covers legal aid and bond fees. “In Mexico, it is considered a felony to have a traffic accident, says Gray. “While the police are investigating who is at fault, your vehicle may be impounded and you will be detained by Mexican authorities.” The Department of State further warns U.S. travelers that they can be prevented from leaving the country even if “life-saving medical care” is required. Emergency Medical Services Mexico has a free national health care system; however, visitors are not entitled to this service. Tourists can only receive medical treatment and medications from private clinics and hospitals. Gray’s company strongly urges customers to check their medical insurance company to confirm whether their policy applies in Mexico and whether it will cover emergency expenses such as a medical evacuation. Surprisingly, most Mexican auto insurance plans will only help you find a facility, and may only cover up to four passengers. Many medical assistance plans only cover portions of the cost depending on location, activity or cause of injury. For those with the Social Security Medicare Program, costs for hospital or medical care outside the United States are not covered at all. “It’s important to fill the gaps and exclusions that your auto and medical insurances have,” says Gray. “In addition to Mexican auto insurance, travelers should add an emergency medical assistance option because most health plans exclude medical evacuation in foreign countries.” Gray recommends a plan like Assist America which is used by the American Medical Association and the American Red Cross. This type of plan provides services such as emergency medical evacuations, critical care monitoring, and guaranteed hospital admission. Selecting A Plan The easiest and quickest way to find Mexican auto insurance is online. When selecting a plan, look for one that offers the following: Third Party (Civil) Liability Medical Expenses for Driver and Occupants Assist America Medical and Travel Assistance Physical Damage and Total Theft of Vehicle Legal Assistance and Bail Bond Roadside Assistance Partial Theft and Vandalism Guaranteed Hospital Admission Make sure the plan covers you during your entire stay. Most plans have daily, six month, and annual policies. In addition, take into consideration the type of activities you plan to enjoy and their locations. Look for medical emergency assistance plans with very few limitations or exclusions such as: Maximum Of Number of Passengers (Other Plans Only Cover Up To 4 Passengers) Limits less than$100,000 per passenger for Any Medical Assistance Service Including Expensive Air Or Land Evacuation. Rural Mexico Territory Exclusion. (Almost all emergency assistance wording says “We will do the best we can in rural Mexico”) Exclusions For Pre-Conditions (Except Late Pregnancy) Sport Or Adventure Activity Exclusions (Surfing, Cycling, Mountain Biking, Mountain Climbing, Snorkeling, Kayaking Or Diving In Mexico Are All OK with Assist America ) Civil War Or Terrorism Exclusions
Today the cost of auto insurance in the state of Colorado is among the highest in the nation and many Colorado drivers are finding it harder and harder to make those monthly car insurance premiums. If you’re like most car insurance buyers in Colorado you can’t afford to pay even a penny more for your insurance needs than is absolutely necessary and driving without insurance is not an option not unless you want to risk losing your vehicle and your driver’s license for a long, long time. It’s possible that one of the auto insurance reforms currently in the Colorado legislature will eventually have a positive impact on auto insurance premiums in the state, but in the meantime here are a few practical suggestions for ways to reduce your cost of auto insurance or to a least keep it at its current level. First, do your own homework. Start by checking with your other insurance providers. Often your homeowner’s insurance may offer a nice discount if you purchase your car insurance through them as well. Secondly, when it comes time to renew your auto insurance policy carefully review it rather than just blindly paying it. Talk to your agent. Ask questions. Start by discussing your deductible. The larger your deductible the lower your monthly premium. Obviously this represents a trade-off, but finding the right balance can save you substantially on your premiums. If you own more than one car your insurance company should offer what they call a multi-policy discount. If you’re entitled to such a discount, make sure you’re getting it. Your age or the ages of others on your policy can affect your monthly premiums. Generally speaking, very young and very old drivers pay higher premiums than other drivers. While you can’t do much about the age of the drivers on your policy, there are things that both young and older drivers can do to help keep costs reasonable. Young people who have had driver’s education and who get good grades often get lower premiums as do older drivers who take refresher courses in driver’s training. Having auto insurance is a responsibility for every Colorado driver but finding ways to keep insurance costs down is every Colorado driver’s right.
One of the most known and downright unflattering perceptions on insurance agents is that once they’re done with their warm markets, i.e., have sold policies to all their relatives, friends, and acquaintances, it will only be a matter of time before they quit. That perception is not entirely baseless. Insurance companies and brokerage firms alike are wrought with insurance agents who seemed like go-getters at the beginning, but eventually lost steam after saturating their warm markets. Part of the problem lies in the ongoing sales process of insurance companies and insurance brokerage firms alike. Anyone And Anything Prospecting Prospecting is probably the least favorite of an insurance agent’s list of things to-do, and for good reason. Nine times out of ten your prospects will reject you, and that’s on the whole. An agent might get lucky closing ten sales in a row, then end up getting rejected 20 times in a row. Now it takes an agent with a superhuman positive attitude to withstand this kind of cycle. Anyone and anything prospecting requires little effort. You can look up the white pages in the directory, or walk up to people in a bar. Remember, anyone and anything breathing is your prospect. Pre-qualified Prospecting Insurance companies and insurance brokerage firms these days are smarting from the high attrition rate of insurance agents and are, in fact, finding ways to make the sales process a little less bloody. One of these is building insurance-related websites that are already optimized for insurance-related keywords. If you know how websites and search engines work, you will know that with websites, companies are getting quality prospects, or prospects who are looking for their products and thus are already pre-disposed to buying. All this makes the insurance process less bloody, so to speak, and actually increases sales. This had even made some insurance companies confident enough to recruit insurance agents from all fifty states through their websites, with some even offering free sales leads and a free website you can use to lure prospects to you. In all, now is the best time to be an insurance agent and benefit from the monetary rewards of actively selling insurance policies. (Insurance agents in 2006 earned $58,450 on average while the average family in the United States just earned $48,201.) It’s not anymore necessary to go through the whole frustrating routine of cold calling. You simply have to find those people looking for insurance and make them find you through your website.
If you are like most people, when your medical insurance declines your claim, you are left feeling helpless and frustrated. After all, if you need health care and your insurance is saying you don’t, you have two choices appealing your claim or paying for the treatment out of pocket. Most claims are declined for specific reasons and causes. The most likely cause for your health plan to deny your claim is a direct consequence of missing data. Before appealing your denied claim, you can verify that by assuring any and all pre-authorization requests were filled out with accurate patient information. For example, is your social security number correctly listed? Does the doctor have the most current copy of your health plan’s identification card? Does your doctor have the most up to date copy of diagnosis and procedure codes in order to fill out the forms correctly? By verifying that you have submitted the good documentation to the physician and they in turn submitted good documentation the health plan, you are ready to move to the next level. When it comes to dealing with your health insurance company, think paranoid. Document every phone call, every contact person and every piece of information you are given. It only takes one break down in communication to cause a problem; by documenting all of your communication with the insurance company, you are pre-preparing for any appeals case. If you are facing an appeals claim for treatment coverage, be sure you’ve reviewed the appeals process in your company’s health insurance handbook. Most patients overlook reading through the handbooks their insurance company will provide. Plan requirements and appeal processes are detailed in these handbooks and you should make sure that your plan covers any treatment you are going to receive before the treatment is received, if possible. When An Appeal Is Necessary Since every plan should have a clear appeals process, you should follow it explicitly. You should talk to your doctor about appealing the claim so they can provide supporting documentation and expertise as needed. Remember, most insurance claims must be appealed within a limited amount of time, so if you wait six weeks after a denial and you only have 60 days to appeal; you may already be out of time. You should always appeal internally to your insurance provider before going to an external source such as a government or state appeals process. Most appeals have a process that goes as follows: Phone Complaint Written Complaint Written Appeal This is another area where you should be very specific citing the coverage rules of your plan as well as documenting each contact you have with the insurance company. While the insurance carrier will approve the majority of valid appeals; there has been documented cases of insurance fraud and health plans that do not play by the rules. By documenting response times and any required response times; a patient can exhaust their option against the insurance carrier for a valid appeal and then take it to the next level. Laws in many states govern an appeal to a state or federal insurance oversight process; these requirements often allow for an external, expert review of the appeal. By providing accurate documentation and detailed medical support from your physical, a board of qualified experts can then judge your case on an individual basis. If an external appeal validates the claim and overturns the denial, then your insurance company will not be able to deny the claim. Knowledge of your health plan, your doctor’s knowledge of procedures and a detailed review of the appeals process are your best tools to getting the approval of the treatment you need. Do not overlook the details, keep accurate documentation and review your coverage plans if you have any questions. Remember, there are always options.
To do a home owner insurance quote comparison, you have to ask yourself several questions. Is this insurance company licensed to sell home owner’s insurance in my state? You should never purchase home owner’s insurance from a company not licensed to sell home owner’s insurance in your state. Aside from the fact that you wouldn’t be able to solicit the help of your state’s department of insurance should you have any problems with the insurance company, it could be a scam. Does this home owner insurance company have a good financial reputation? Since the insurance industry is heavily regulated, it’s unlikely an insurance company will go bankrupt while you have a policy; however, some insurance companies may be under a watchful eye. A home owner insurance company’s rating will let you know how financially solid the company is, as well as whether or not it’s being monitored. You can find the ratings of insurance companies by searching the Internet for independent research companies. From which of these insurance companies do my neighbors purchase home owner’s insurance? If your neighbors purchase home owner’s insurance policies from the companies you’re comparing, ask them about their experiences with those companies. Are they satisfied? Do the insurance companies keep their coverage promises? Do rates change unexpectedly? Have I included everything that needs to be covered? A home owner insurance policy isn’t accurate if you haven’t included everything you want covered; this includes your valuables, too. Sure, you’ll get the coverage you purchased at the price you were quoted, but should something happen to anything that’s not included on the policy, money to repair or replace that item will come out of your pocket. Do I have plenty of additional coverage options from which to choose? Finally, you want a home owner insurance company to give you freedom to choose additional coverage. Make sure the quotes you’re comparing are from companies that offer such freedom.