Engagement Rings: Insurance Pros & Cons »
Insuring your wedding ring saves you headache and heartache in certain situations, but is it really worth it? Find out the pros an…
Insuring your wedding ring saves you headache and heartache in certain situations, but is it really worth it? Find out the pros an…
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The bond card was $20 which is the lowest I have seen for years! I saved $265 by AIG auto insurance as they have (new price quotes now) for my personal line. Progressive gave quote but was wrong and even was cheaper than Allstate insurance and State Farm mutual. I was with all american 3 years ago but was using Farmers for myself and my son. My son needed financial responsibility insurance by court order called SR22 or SR-22. I went to their site at www.worldsinsurance.com and found this company under http://www.insuremeusa.com The SR22 was 1/3 of all major carriers including AIG so I used American Service but was not good terms so they offered me American Access Casualty, UnitedEquitable group, ltd, Affirmative insurance services, Encompass, Metlife, United Auto, Founders, Westbend mutual and American Heartland insurance company. Am. Access was the lowest for him. My uncle uses them for medicare supplement and part D drug card. They have a very low rate even if he goes for travell abroad outside USA ($$50,000 with $100 deductible only) he also gets emergency medical service and evacuation and terror coverage from them for cheaps... He had bought a Long Term Care from World's Insurance group and he has some income from that every month now. By the way disability income is a good thing to buy too with medicare disability supplements (expensive) There are alternative plans that these guys may have or if you need it buy it. Next is my health plan: I got a very good package with these people. they have a comparative rating system that can give you over 700 quotes from over 15-20 insurance carriers. You can buy these on line as well. My husband has a garage and also uses these people. His commercial vehicles include a delivery van and a tow truck plus mechanics drivers and auto repair body shop painters that they get full comprehensive plan for 1/2 of other big players. Workers compensation is with Liberty Mutual through Rezai. My cleaning service is small but I got private staff that clean offices and spa hair and nail salons, restaurants and bars selling liqour and mine is hard to insure. I got this also very cheap. The staff enjoy our low cost heath insurance and i can keep them from quiting even with so little that i pay for the group health coverages. They can visit your shop or you can go to them by appointment only. who said the cheap is always better? My cheap is actually the BEST in years!
Christopher Helt was there for me and won my deportation case. I was ordered deported and was detained for many months and was going to be deported to my home country. Mr. Helt stopped my deportation, reopened my case, removed my deportation order and obtained my release. From that moment on, Mr. Helt was always with me during my saga to legalize my status and stand up for my rights. HE FOUGHT FOR ME -- for years in the district courts and the immigration courtrooms and in different cities. I was deported in Los Angeles and Mr. Helt was there for me. My bond hearing was in Louisiana, and Mr. Helt was there for me. Mr. Helt was there for me at the Memphis court to help me obtain my lawful permanent residency. My immigration case was never easy. Even on the last day of my immigration trial, it was a very contested hearing. We won and Mr. Helt many times spoke up for me, made numerous objections, protected my rights, made sure that I was treated like a human being and with respect. And Mr. Helt later represented my wife. The day before her interview, there was a big snow storm in Chicago and the flights were cancelled. Mr. Helt left the airport and drove to Memphis overnight (THROUGH A SNOW STORM) so he could be with us at 8:00 a.m. the next morning. My wife got her green card, thanks to Christopher Helt. What Mr. Helt did for me and my family was amazing and is superhuman. I can honestly say I don't think there will ever be another lawyer who fights for the South Asian community like Mr. Helt.
This law firm is amazing, especially Patricia Lannon, who handled my case incredibly well. My workers' compensation case began in 2005. My first attempt at finding a lawyer to represent me did not go well. Within months it became apparent he didn't know what he was doing, and even more so when he withdrew his counsel 3 years later. The opposing lawyers loved this, and began calling my house, taunting me, telling me to just give up. And it WAS a very difficult case, I knew this, and so I began to think maybe it WAS hopeless. But thanks to the anger I felt from their phone calls and my mom's encouragement , I pursued the case. I knew I was right, and so I started to look for a better lawyer. That's when I found Lannon Lannon & Barr. In the beginning they were unsure of the outcome, and they told me it would be a very difficult case. They didn't give up on me though, and before I knew it the case was building and moving forward. Suddenly everything started to look like maybe I actually had a chance. I knew very quickly that I had found a very good lawyer. We won the case. After losing two more appeals the insurance company finally gave up, firing the lawyers who had originally harassed me and admitting defeat. I can't even express in words how excited I am with the outcome. I sincerely recommend this law firm to everyone and anyone who needs a good workers' compensation attorney. They WON'T give up on you; they know EXACTLY what they are doing, and they work HARD for you! Call them!
To mitigate the risk of loss, people purchase insurance policies from a company. When buying a policy, the person agrees to pay a premium, which is small, regular payment based on the losses that may occur. If the insurance provider determines there is a greater chance of risk as compared to the average policy, the premium is usually higher. Premiums are often paid monthly, and can add up over time up to be greater than the expense of replacing the insured item.
Many types of insurance only cover a certain amount of risk on an item. The amount the policyholder must pay before an insurance policy begins covering an expense is called the deductible. In the event of damage or loss to whatever the policy covers, the policyholder is responsible for the deductible no matter what. If the cost of damage or loss is less than the deductible amount, the insurance company does not pay anything. If the cost is greater than the deductible, the policyholder only pays the deductible, while the insurance pays the rest. Generally, the deductible amount is related to your premium, with a higher deductible usually requiring a lower premium, and vice-versa.
Selecting the right insurance involves careful research and evaluating many different options for coverage. This is why many people use an insurance agent to assist with making the right choice depending on their needs and financial situation. Agents often interview potential or current clients to get an idea of which insurance policies would benefit them the most. Based on their needs and individual risk, agents can often give potential customers a quote, which serves as a cost estimate for a specific policy. This is only a rough idea of what the policy will cost, because evaluating the risk associated with a given customer can take time. Insurance companies often compile an insurance score to quantify the risk an individual poses and calculate premiums accordingly. Credit scores play a major role in insurance scores, but past insurance-claim history is also taken into account.
While agents often specialize in a particular category of insurance, some sell several different types of insurance. Agents can work for a larger insurance company or operate independently, selling policies from several different insurers.
Almost anything of value can be insured to protect against loss due to a variety of circumstances. Insurance policies are very specific in the items they protect and in what event the policy holders will be reimbursed. Some of the most common insurance policies cover things we all use.
Millions of Americans drive a car to get from place to place each day, so it makes sense that auto insurance is one of the most commonly used types. In most states, the law requires drivers to maintain an active insurance policy on any car, up to a certain amount. Most car owners are required at minimum to purchase liability insurance, which protects against damage for which the policyholder is at fault. Liability insurance covers damage to property as well as any injuries sustained in an accident. It's important to note liability insurance only covers damage or injuries of others, not the policyholder themselves. In addition to liability insurance, car owners can also purchase coverage for their own vehicle and medical expenses in the event of an accident. For this purpose, liability, vehicle and medical coverage are often packaged together in a single policy.
Insurance can also be purchased for other vehicles, like motorcycles, ATVs, boats or RVs, and generally functions similarly to car insurance. Policies for alternative vehicles may have higher premiums if they are considered more dangerous, or might include other coverage options specific to the vehicle. Many companies that provide auto insurance will also offer coverage for motorcycles, ATVs, boats and RVs.
Your home, condo or apartment is probably the most valuable thing you own or otherwise pay for, so it makes sense to get it insured. Homeowners insurance is important not just for the security of the house itself, but for its ability to cover possessions inside the home as well. Many mortgage lenders also require an active home insurance policy.
Like auto insurance, homeowners insurance is typically bundled together with policies covering many different items or categories of items. The primary coverage type is for the dwelling, insuring the house itself and all structures attached to it. Policies may also cover property within the home, with premiums varying depending on the value of all assets. Personal liability may also be included for damage or injuries sustained on your property that you are responsible for, much like auto insurance.
Property insurance also may cover certain major events outside of your control. These are known as perils, and may include fire, flooding, natural disasters and other catastrophic events. You may want to purchase insurance against one or more of these perils if you live in a high-risk area. Flood insurance is an exception, however, and can be purchased through the government-sponsored National Flood Insurance Program. Your lender may require this if you live in a flood-prone area.
To help pay for medical expenses, many people rely on their health insurance. With the passing of the Affordable Care Act, almost every American is required to enroll in a health care plan, or they face a penalty. Health insurance works similarly to other forms of insurance, although it is probably used to cover expenses more often, since car accidents and home damage are relatively rare compared to doctor visits and the need for medicine. Health insurance also operates on a premium-deductible model, and policyholders can choose what level of coverage works best for their lifestyle. For example, if you visit doctors very infrequently, you may consider a plan with a low premium and a higher deductible. On the other hand, people who require regular medical care may wish to pay a higher premium in exchange for more coverage from their deductible. Dental and vision care are sold as separate plans and are not required by law.
When someone dies unexpectedly or is injured severely enough to be unable to work, it can be a financial disaster for their family or loved ones. Many people choose to purchase a life insurance policy to support their family in the event their regular income is suddenly lost. Life insurance comes in two basic types: term and universal. With a term life insurance plan, you pay a premium for a predetermined amount of time, usually 10 years or more. If you die at any point in that timeframe, your family receives a death benefit. If you're still around when the term is over, the coverage is canceled and you receive nothing. Universal life covers your entire life, and usually delivers a minimum benefit at death.
Travel insurance is available for individuals who want to protect against unexpected setbacks in the course of travel, whether it's losing luggage or medical treatment abroad. Travel insurance may prove particularly useful for people who travel a lot for work or often visit remote locations. Travel insurance can take the form of either specific or blanket coverage. Specific coverage is useful for covering only certain risks, like medical emergencies or unexpected trip cancelation. Blanket coverage may cover some or all of your expenses for your entire trip.
Pet insurance is a relatively new product that may help cover the costs of medical care for a dog, cat or other domestic animal. Medical care for animals can be very costly, particularly because insurance for them is rare. By paying into a premium, you can help offset the cost of unexpected emergencies as well as routine checkups and medication. While virtually unheard of a few years ago, pet insurance has become more popular as the cost of veterinarian care has continued to rise.
Umbrella insurance is extra coverage from liability for other insurance policies, usually home or auto insurance. Consumers may choose to purchase an umbrella policy if their home or car is more expensive than a typical policy would be able to cover. For example, most car insurance liability policies cover at least $25,000 per person or $50,000 per accident. But if the accident involves a very valuable car, or the victim is willing to pursue legal action, insurance may not even begin to cover the full cost. You may want to hedge your risk by purchasing umbrella insurance to add extra protection to your existing policy.
To receive a payout for an insurance policy, the policyholder must file a claim with the insurance company. The basics of the process are straightforward, but can vary depending on the type of insurance.
Claims Adjusters and Examiners
A claims adjuster or claims examiner is an employee of an insurance company, and the person responsible for evaluating claims and determining if the company will reimburse the policyholder at the amount provided. An adjuster inspects claims related to property damage, as in the case of auto or home insurance policies. Claims examiners are typically involved in health and life insurance, and review medical records to determine the proper payout for major medical procedures.
How To Make a Claim
Filing an insurance claim can be stressful and confusing, but you need to begin the process as soon as possible to make certain you can recover your losses. It's important to note that in the case of emergencies, you should always call 911 first. The safety and health of yourself and others takes precedent over insurance.
Auto Insurance Claim: If you're involved in an accident, you need to call the police right away and have them document the situation. You can file a claim upon obtaining the police report. It's also a good idea, if possible, to take your own notes at the scene. The most important things to record are what happened before the accident, the date and time, traffic signs in the area and road conditions. Also be sure to get the other driver's name, address, license plate number and insurance information. Even photos taken with a cell phone camera can help the claims process. Once you have this documentation, call your insurance company right away.
Homeowners Insurance Claim: In the case of damage, take pictures of the affected area as soon as any safety or health emergencies are resolved. Take note of what happened and all the relevant circumstances and report to your insurer as soon as possible. If any of your possessions were damaged, use an inventory of your important assets and make note of this in the claim. Once an adjuster has made their own report, review it for accuracy.
Life Insurance Claim: Send your insurer a claim form for each beneficiary in the plan, as well as a certified copy of the policyholder's death certificate. With the proper information, life insurance claims are generally straightforward. Problems may arise if the policyholder has died within two years of opening the policy. In this case, an attorney may be needed to settle the claim.
Insurance is a wise investment, but it can make a dent in your monthly budget. Thankfully, there are a variety of ways to trim the fat off your premiums and make certain you are paying only as much as you need.
Shop and Compare
Perhaps the best way to save on any insurance policy is to take the time to compare prices between as many companies and plans as possible. Even after you've chosen a plan and started paying into it, consider looking around again when it comes time to renew the policy. Consider using an independent agent when searching for a new insurance policy. While traditional agents can still find a good deal, independent agents can choose from a variety of providers and tailor your coverage to your specific needs. The Internet has also made comparison shopping easier than ever before. Potential customers can often get free quotes online very quickly.
Buy Only What You Need
Insurance agents will often try to "upsell" on various extra products that may be useful for certain people, but are generally excessive for the average consumer. Stick with basic plans that cover as much as you need without any additional costs. For example, if the annual cost of your auto insurance is 10 percent or more of the total value of your car, drop all but the most essential coverage. This is especially applicable if the car you drive is older and could be replaced with savings. Otherwise, you are paying for insurance that will never actually benefit you in the event of a serious crash. It can help to create a budget and know exactly how much income you have to work with before making a decision on a new policy.
Take Advantage of Discounts
Insurance providers offer a wide variety of discounts for all kinds of special customers or circumstances. In one of the most basic discounts, many companies will offer lower rates for customers who purchase home, auto and life insurance policies from the same provider. Car owners may get a rebate from taking a safe driving course. For those with teenagers on their plan, good grades can earn a small discount as well. Insuring multiple cars with the same provider may also lower premiums. Some providers will offer lower rates for military personnel, federal employees, teachers, first responders and their families.