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…
2131 E Victory DrSavannah, GA 31404
From Business: As one of the nation's largest pawnshop chains with over 25 years experience, we offer customers financial services to meet their short-term cash needs while prov…
Insuring your wedding ring saves you headache and heartache in certain situations, but is it really worth it? Find out the pros an…
If you want to avoid entering the hosting hell dimension, here are 10 potential entertaining glitches, and how to avoid them.
Home security comprises a number of different technologies, tools and techniques. Choose one that fits your needs and your budget.
Very seldom do I take the time to write a letter thanking someone for exceptional service. However, given the extraordinary service that you provided, I felt a thank you letter was appropriate. I was skeptical when you said that you could close my loan within 15 days. It was quite a remarkable experience to have started a loan application on August 6, 2012 at 5pm and close the loan on August 17, 2012. The loan experience was phenomenal. The loan process was the quickest and easiest that I have experienced in the seven times that I have purchase or refinances a home. The past seven times that I have purchased or refinanced a home, the process was riddled with last minute request for documents that became quite frustrating. I simply provided you with information you requested and the rest is history. I would have never believed that I could refinance my home and obtain a mortgage that would save me almost $500 a month, all in 11 days and with no hoops to jump through. I also appreciate you explaining how bi-weekly mortgage payments would be a benefit to me. The refinancing of my home at 3.25% in 11 days has been the topic of my conversations with family, friends and co-workers. I have no reservations in making a referral to you and your company. As a matter of fact, I have already given your contact information to two of my co-workers. I'm sure you will provide them with the same outstanding, exceptional, remarkable and phenomenal service you provided me throughout the loan process.
For more than seven years we looked for a way out of out of our 6.85% 30 year mortgage....In the seven years before I found you, or you found us, I was hung up on, lied to, insulted, even told point blank "because you make too much and your good credit rating no bank will sit down with you". I am a disabled Vet. I can't get a VA loan. I have listened to 100's of reason. Mike, I told my wife, I'm going to try this one last time, (look for a lender). I would get 5 or 6 calls. and would scare them off in seconds. Mike, you called, at each point I stopped, to see if you ran. You held on. You not only held on, you took the lead. I was impressed. I told you each detail that I thought I needed to help us, and you didn't just say this is what you get. You gave us four or five options to choose from. You gave us control of our future, where other lenders would not even talk to us. The credit cards you helped us with would have taken 27 years to clear away. The mortgage 30 years. Now both will be gone in 15. You walked us through each step, with emails and even phone texts. You worked nights and weekends until all the paperwork was complete, Even after everything was done you called to check on us and just to say Hi. Your an Impressive man.
When we were looking to get out of our current home loan situation, we could have gone many different ways with many different companies. We chose Foundation Financial Group because our initial contact from Rob our little helper along the entire journey was straight forward and honest. We're really glad we chose them. They were always in constant contact with us and answered any and all questions we had. After getting yanked around and lied to multiple times from the Big Bank Lender we had, it was very refreshing to have someone be open and honest with us. Foundation Financial Group fought very hard for us with our old lender. They were always willing to work around our busy schedules. The whole process with them went very smooth and stress free. We are very pleased with the way things went and turned out for us. We would definitely recommend them to anyone looking to refinance their home loan. Thanks to Rob, Amanda and the rest of the Foundation Financial Group team for all of their help and kindness.
Hi Megan, We had a terrific experience working with you on refinancing our home. Your clarity and guidance through the process made it so much easier than we expected. Your level of professionalism and knowledge we imagine is unmatched by your competitors. Everything you conveyed about the relevant numbers and timeline were truthful and accurate which is extremely important to homeowners working on refinancing and accessing the benefits of their decision. I appreciate your advice as it related to a big competitor as well. It required innumerable phone calls and approximately 6 different people to resolve a refund on the Good Faith funds. I will definitely choose FFG in the future for any mortgage related business. Thanks again!
I was in a thirty year fixed FHA at 4.25. I was looking to lower my rate and to get rid of FHA mortgage. I was searching for a while for the best rate and Foundation Financial Group helped me get a Conventional thirty year fixed at 3.25%. Foundation Financial Group was fast to start. Amber was very helpful in coordinating the information needed and helping in contacting companies for the information when I was not able to get the information. I really liked that the loan was able to be closed with fifteen days. I have already referred two people to Amber at FFG. I highly recommend FFG for mortgages and for insurance which they helped me with lowering my insurance rates for both homes.
We want to thank you for helping us to finally get this loan done! We liked that the process was made very pleasurable through your friendliness and professionalism. You are very upbeat and enthusiastic and it clear that you enjoy what you do, which made you so easy to work with and trust. We appreciated you explaining things along the way and that you were easy to reach. We could tell that you worked very hard every day to make sure we were getting a great loan and to communicate everything to us thoroughly. Everything was handled as quickly and efficiently as possible and we appreciate all of the hard work that you and Foundation Financial Group put into it to get it done!
The staff at Edward's Insurance is professional, helpful, and concerned about saving me and my family money and providing maximum coverage for my homes and automobiles. I have two homes and each are covered by Edwards Insurance and all my automobiles. I have contacted my agent and owner Carla Edwards on nights and weekends and she is courteous and helpful with any information I may need in support of my policies. I strongly recommend this business for all your insurance needs.
The Mortgage Consultants really work with you to help make the mortgage process smooth and with ontime closings. Beth spends the time with you upfront and explains everything thoroughly and answers all of your questions. She makes you feel very comfortable and is easy to talk to. She encourages you to call her anytime and is easy to reach. She is able to help buyers with their mortgages anywhere in the state of Georgia
Richard, I just want to say Thank You for all the help you and JP gave us! We had given up on trying to consolidate our 2 mortgages into one but you certainly came through. My husband and I really appreciate all the help you gave us. We would recommend you to anyone who needed the help! It was timely and professional. You came through with everything you promised and the figures were right on target.
I want to take this time to thank you for your assistance in getting me through the re-financing of my home. It was a pleasure working with you and appreciate the time you made to make this process easy and simple for me to get through. Most importantly, your professionalism and knowledge of this process made it comfortable for me to work with you! Again, thank you for all your help!
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.