Monthly Archives: April 2018

Life Insurance Guide For Beginners

Even though it is important for people to be familiar with their insurance coverage, it helps to be familiar with some general insurance facts. This will help you to choose the most convenient policy for you and your family.

Figuring out what kind of insurance coverage and a reputable company to buy from may sound like a tedious task at first, but just as the old saying goes, don’t judge a book by its cover. After reading this life insurance guide, you will be well on your way to finding the policy that is right for you and your budget.

Two General Life Insurance Policies

  • Whole Life: A type of permanent insurance, it is somewhat of a combination of life coverage and an investment fund. Usually, your premium and death benefits will remain the same while your whole life policy builds cash value over time. The monetary value is tax-deferred until you decide to withdraw it.
  • Term: With term insurance, you are getting a general insurance policy that lasts for a certain period of time as long as you make your payments on time. Most term life policies offer premiums anywhere from 5 to 30 year periods and are also renewable.

Things to Know About General Life Insurance

Before you make a decision as to which type of policy would be right for you, here are some things to keep in mind about general life insurance.

  • Whole life insurance is expensive. Because it has an investment element to it, whole life is much more pricey than term life. Sometimes it can be 5 to 10 times more.
  • Purchase when you are in good physical shape. Those who are overweight and/or smoke usually will pay a higher rate than those who are in shape and don’t smoke.
  • Be truthful. Don’t be tempted to lie on you application to try to get a lower rate. At some point, the insurer will find out about your untruthfulness and will cause you more trouble than you need.
  • Take advantage of the internet. By getting online in the comfort of your own home, you can get a wide array of life insurance quotes in a fraction of the time. This will ensure that you get the most affordable rates possible.

The Smart Traveler And A Travel Insurance

One of the most important things you need to take with you, when planning a trip, is travel insurance. Whether going on a cruise, visiting a foreign country, or going on a business trip, it should be as much a part of necessary things as the toothbrush. You never know what is going to happen, a sudden illness, an accident or a number of other things can occur without notice, this is why it is important to have a travel insurance guide.

There are a number of different types of this kind of coverage. Experienced travelers making reservations, with an agent or company, always purchase cancellation protection. This means that if they cannot make the trip they will only pay a small fee, not lose all their deposit.

Medical coverage is particularly important if you are planning on visiting another country. This will provide emergency treatment, medical assistance and even evacuation if necessary. Having this insurance means that you will be cared for, on the spot, and can be brought home for medical care, if needed.

Package plans are especially popular as they have a wide coverage in one unit, rather than being for one specific thing, such as medical. These packages vary and include basic, standard and premium units. Basic, of course, being the least expensive and premium the most expensive.

Having this coverage will cover you for a number of additional things such as transportation delays, missed connections, lost or stolen luggage and numerous other things that can occur when a trip is planned. It can cover you in another location for up to a year as well as on both international and domestic trips. There are usually two different types of plans.

There are a number of companies that offer a travel insurance guide under a different name, that will outline what their company has to offer. Plans vary from one company to another, not only in what they offer but in the prices as well. Having coverage when traveling is what smart people are doing.

A Car Insurance Guide For Beginners

Even though you may have heard about kinds of problems faced by automobile owners, you may still need a car insurance guide in order to figure out how to find the best policy. For example, if you are a young driver, you may not realize how important it is to focus on things other than price. Since you are more likely to get into an accident, and be blamed for its occurrence, you will need to think about how your insurance company will support you through the claim adjustment period.

No matter how cool you think you look while talking on your cell phone, the laws of physics do not stop and take notice. Therefore, if you are in traffic and cause an accident because of texting or chatting on your cell phone, you are likely to face some enormous increases in your insurance rates. As may be expected, if someone is injured or killed because of your foolishness, the situation can hang over your head for years on end. That said, when you make use of a car insurance guide that helps you focus on claim adjustment issues, you will be able to select a plan that suits your lifestyle.

When you are looking for a car insurance guide, it never hurts to see if you can find cheaper rates and better coverage online. In fact, if you make use of one simple application, you can enjoy receiving quotes from dozens of agents. Once you begin asking them more about your coverage, you are likely to find that you local agent is gouging you. Why go on using the same insurance carrier because it was the one your parents had? Today, you can find cheaper and better coverage with a minimal amount of difficulty.

Renters Insurance Guide

Confused about renters insurance? Here’s a renters insurance guide that will help you understand it.

Renters Insurance Guide

Many people think their landlords insurance will cover them if their possessions are stolen or damaged. Not so. Your landlord’s insurance only covers the building you live in, not your possessions. If you want to protect your possessions you need to get renters insurance.

Renters insurance is one of the least expensive types of insurance, yet it provides invaluable protection for you and your possessions. Renters insurance covers three basic categories:

Personal Property

Personal property coverage pays to replace your possessions if they’re stolen, or damaged by vandalism, fire, smoke, lightning, explosions, windstorms, burst water pipes, or electrical malfunctions.

There are two types of personal property coverages available:

Actual cash value coverage – which pays to replace your personal property minus a deduction for deprecation.

Replacement cost coverage – which pays to replace your personal property with no depreciation deduction.

Standard policies only provide limited coverage for expensive items like jewelry, furs, silver, and collections, so you may need to purchase additional coverage for these items. Standard policies also do not cover damage caused by floods or earthquakes, so if you want coverage for these disasters you’ll need to purchase additional insurance.

Additional Living Expenses

This coverage pays for your living expenses – hotel, motel, and restaurant bills – if your home becomes uninhabitable due to the causes mentioned above. Most insurers will reimburse you for the difference between your additional living expenses and your usual living expenses.

Personal Liability

Personal liability coverage pays for another person’s medical expenses if you, a family member, or your pet injures that person. It also covers damages to that person’s property. Some policies do not cover pets such as as pit bulls or rottweilers.

Standard policies usually come with $100,000 to $300,000 worth of liability coverage, but you can purchase more if you have a lot of assets you want to protect from a lawsuit.

Cheap Renters Insurance

Because renters insurance can vary by hundreds of dollars from one company to the next, the best way to get cheap renters insurance is to visit an insurance comparison website to get quotes from multiple companies.

Auto Insurance Guide

Use this auto insurance guide to help you obtain the best coverage possible with respect to your insurance needs. Anyone who is looking for coverage must understand the industry’s terminology and the way in which it works as a whole. It is rare to find two policies that are identical. That is because there are many factors that determine the way in which policies and premiums are developed.

Due to statistics, your city or state is one determining factor. This is directly related to the fact that there may be more automobile theft in your area than in another city or state. With that said, the actual automobile that you are driving may be high on the list of those that are stolen, making it more expensive to insure.

One major determining factor is the driver’s record. That includes his or her driving experience, or lack thereof. The more the driver has driven, the better it is, thereby reducing the costs. However, should the driver have indications of a negative driving record, such as speeding tickets and other traffic violations, many claims and accidents, and the like, those premiums will rise.

In addition to that, the age of the driver in question will also play a big role in the premium. Moreover, the gender, the occupation, and the usual use of a vehicle are also considered.

In order to obtain the best coverage for the value, it is imperative for the driver to shop around. Being a loyal customer of one particular insurance company or broker, does not necessarily guarantee that your best interests are looked out for. This is where you can step in on your own, either by phone or by online insurance websites. Either of the two will do however the latter is much quicker to give you results.

Get the Facts From a Group Medical Insurance

Group health insurance can be incredibly complex, and it can seem overwhelming when you are trying to choose the right coverage option. That’s why a group medical insurance guide is such an important part of any health insurance package. Employers who offer group insurance should request a guide from their insurance company so that they can distribute it to all of their eligible employees.

The sheer number of options available through most health insurance plans requires some time and study for most individuals. You have to assess your personal medical history and potential needs, as well as those of any dependents you may want to add to your insurance plan. Once you have a good idea what you will need, the group medical insurance guide can steer you through the options toward the plan that fits your budget as well as your coverage requirements.

In general, the choices are between an HMO and a PPO plan. HMO insurance is the least expensive for the
patient, with lower premiums and relatively low deductibles. HMO patients do have to sacrifice freedom of choice to gain those discounts, though. An HMO plan will have a group of participating doctors, and the patient is required to use one of those doctors in order to receive insurance coverage.

A PPO health plan gives the patient a little more flexibility, but at a price. If you don’t mind paying a little extra, you have the option of using doctors within a larger network. A PPO will also allow you to use doctors who don’t belong to the network, though you will have to pay for the treatment up front and expect reimbursement from the insurance company later.