What to Know About: Insurance »
In the event of a disaster that affects your home and property, what are your options?
9000 SW 152nd St Ste 103Palmetto Bay, FL 33157
From Business: As a Personal Financial Representative in Palmetto Bay, I know many local families. My knowledge and understanding of the people in this community help me provide…
13155 SW 5th Street CirMiami, FL 33174
From Business: Our mission is to be a high-performance agency that exceeds all customer expectations, provide a fulfilling and rewarding environment for employees and maintain a…
In the event of a disaster that affects your home and property, what are your options?
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.
Just insured my new truck with Ana. Exceptional service and great prices as always!Great reliable service in Miami/South Florida is becoming harder and harder to find. Everybody claims to offer great service, but in reality is generally not the case. People are very eager to take your money but are not willing to work for it, or you are forgotten soon after handing over your money. Ana's agency is truly the EXCEPTION to this. Her agency/staff are very knowledgeable, courteous, professional, and most of all honest. All of these things are getting more and more difficult to find these days.
Since 1998 my family has done business with Anna's agency and Allstate. Unfortunately we find ourselves at a point where we realize we may never have truly been receiving customer service from Anna. After severely overpaying for a single vehicle and after consistent false promises of discounts and lower premiums, we are forced to end the relationship and look elsewhere we we might be treated with respect. After attempting to remedy the issue with Anna as we were led to believe our loyalty held any sort of value, we was informed an update of address would result in a lower premium, instead to our surprise the premium went up nearly $90 per month. To add to our dissatisfaction to the already grossly overpriced insurance payments, when confronted about it she actually lied and stated she never said it would go down. Furthermore she added that she informed us it would go up. After speaking to both my father and myself on separate occasions and telling us it was great news as the update in address would alleviate our frustrations.It is apparent to us that our loyalty meant nothing to Anna and our service and helping us was never in her best interest. After nearly 20 years of being loyal customers, her lack of help, lack of accountability for providing misinformation, and overall lack of customer service has led us to the decision that we will no longer be able to give Anna our business or recommend any of our friend and family to join her.It's a shame she could not own up to neither helping us or bold faced lying about informing us the premium would spike.
I have this insurance and on August 30 of this year, I got involved in a car crash. The other party involved gave the information, there was a recorded interview and was given an adjuster immediately. I was given the recorded interview and they told me that an adjuster was going to call me, that I had to wait. I called 8 days later and they did not have my information on the system, despite the fact that I pay them every month! Since then, I have been calling to give an information that a supposed adjuster called Jennifer Sobalvarra was waiting for. They gave me the extension 5054 and every time I called the number 1-866-721-6795, they would hang up on me. They are stopping me from processing my claim. They are very good at taking my money, and they charge me $10.00 penalty for failing to pay on time, but when I need them to help me, they are completely useless! Do not buy this insurance! They steal your money and do not help you at all!
I needed to file a claim against their policy holder who hit me and damaged my car. They would not start a claim. Said it would be weeks before they would get back to me. Hung up on me several times. Would not acknowledge if they received my fax. Rude Rude Rude.
PLEASE READ before considering Infinity Insurance. My policy expires in December and I'm not renewing! Find out why below... I got into an accident July 30 on I-95. A 4-vehicle pile up. It wasn't my fault, I couldn't avoid the accident, I was too close. Anyways, I received passenger side front and side rear damage to my vehicle. Infinity Field Appraiser Joaquin Collazo reviewed damages to my vehicle and submitted report. I took my vehicle to repair shop where they did a very good job. However, the damage to the passenger side rear door was not repaired. Repair shop said it was not included in the report. The repair shop asked me to call my insurance company to get an adjuster out to re-inspect the vehicle. On Oct 13th and weeks thereafter, I made several attempts to contact Glevis Fuentes Claims Manager at Infinity Auto via email and VM. No return on my calls. I needed to know why this damage was not repaired. On Oct. 29th, I called the office again and finally got a hold of Glevis Fuentes. He told me they concluded by looking at pictures I sent to them from the accident scene, the damages made to the vehicle on the passenger rear side door was not from the accident. I explained to Glevis Fuentes there was debris scattered all over I-95 and it could have been from the debris. He refused to see it that way and concluded they would not pay for the damages in the passenger rear side and that this claim has been closed. Now I have to repair the damages out of pocket. Because of the unprofessionalism of Infinty Auto Insurance. I hold responsible Glevis Fuentes for not returning any of my calls and for not make an effort to re-inspect my vehicle to review damage in person. Stay away from Infinty Auto Insurance.
do not buy this insurance from this company
Don't bother getting a quote from Infinity insurance company. there periums are higher then others. I had a bad experience with them and it won't be happinig again. My policy was canceled without notifying me of the cancellation. I made a payment on line on 08/01/2012 in the amount of $331.00 the schedule amount that I was posted for me to pay. The policy was cancelled as of 07/13/2012 but, yet my $331.00 payment was accepted by Infinity. If my policy was cancelled as of 07/13/2012 why was my payment accepted on 08/01/2012. At this time I am I requesting for the $331.00 to be refunded back to me along with all the payments made on the policy which it was over a period of one year of premium paid. I called Infinity Insurance once I learned of the cancellation I have asked for my money to be refunded but they have refused to refund me any money. I was not notifying by Infinity insurance company or my agency Global Risk regarding the cancellation. I learned of the cancellation by my auto lease company BMW which I received a notification from BMW on 09/01/2012. So for more than one month I was driving without auto insurance. What if I would have been involved in an auto accident who would have taken responsibility for the damages? Infinity or my insurance agent would have not. This is a big negligence and unprofessional on both of these companies.
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.