Tag Archives: Saving
The Keys To Saving Money On Your Home Owner’s Insurance (2)
The Keys To Saving Money On Your Home Owner’s Insurance
Purchasing homeowner’s insurance can be a frustrating task; there are so many options to consider. What is the value of the property? How high should your deductible be? Is damage caused by natural disasters covered? These are a few of the questions you may have. A few tips from insurance experts are provided below to help you with your task.
Use a home insurance broker. Insurance brokers have huge buying power with insurance providers, and even when taking into account their commission, you can still save a ton of money on your home insurance policy by using one. Check out the online reviews from the broker’s previous customers before using them.
Keep insurance costs in mind when considering remodeling of your home to save you money. If you add a room or extension onto your house this will add to your insurance but the amount of the increase will depend on the materials you use to build with. Wood will cost more than cement or steel structures to insure as it more susceptible to fire and harsh weather damage.
Although it sounds petty, you can be covered by home owner’s insurance for the cost of food spoilage in certain situations. If a power line near by is cut and causes loss of power to your home, you may be covered for the lost food. Some home owner’s insurance also will cover you in the case of storm-related power outages. Call your insurance agent for clarification.
Another thing in terms of construction that a home owner should be aware of in terms of their policy is the insurance costs connected with the building of a pool. Things like trampolines and pools can raise annual costs around 10% or more because they can be considered injurious. Though it may appear a small price, it is still something that you should consider prior to buying or constructing.
Try to purchase floaters. Many home owner’s policies limit the amount you can get on some expensive items like computer equipment, jewelry, and other fine collectibles to just a fraction of there replacement value. If this happens, be sure to pick up a policy called a “floater” or an “endorsement” for each item. You can be reimbursed if the article is lost. If an item is new, save the receipt and fax a copy to your agent. If the item is old, get an appraisal. Be sure to save one copy and send the other to your agent.
Update your insurance policy if you make any structural changes or renovations to your home. If you have done any improvements that will increase the value of your home, you should let the insurance company know so they can update your policy to reflect the current value of your home.
With the helpful tips provided above you should be armed with enough information to define what your requirements are for homeowner’s insurance. Once you define the coverage, you can talk with various providers, compare premiums and rates, to ensure you purchase the optimum plan for you.
Family Health Insurance Plan – Saving Money Is Becoming Easier
Family Health Insurance Plan – Saving Money Is Becoming Easier
Every once in awhile there will be front page news about the health care crisis. The escalating costs for hospital and physician services are making it more difficult for the insurance companies to stay competitive and at the same time take care of the needs of their policyholders. A family health insurance plan in today’s marketplace is evolving into something quite different from years past. The employer group health insurance insures the majority of Americans but there is a trend developing. There are more folks leaving their employer to start their own business. When you add that group of people to the folks that leave their employer because of lay-offs, illness, and terminations then you are creating a great demand for family health insurance.
Insurance companies are working hard to develop new solutions. The federal government has great interest in health care insurance. The hospitals and physicians are deeply affected by the insurance industry.
There has been a major shift in thinking about health insurance. It has become increasingly clear that higher deductible health insurance plans are much more cost efficient in the long run compared to the low deductible plans of years past. The higher deductibles reduce the cost of health insurance dramatically. The lower deductibles are no longer in vogue. The high premiums for the low deductible no longer justify the premiums.
Today’s Trends
1. High Deductible Major Med – The insurance professionals are encouraging people to take the higher deductible major medical policies. You are well protected for a major illness or injury in exchange for self-insuring the smaller claims.
2. Health Savings Accounts – This is the federal government’s contribution to the health insurance dilemma. These savings accounts are established by the individual for medical expenses only. They are tax deductible similar to an IRA and are great vehicles to use for the out of pocket expense from the higher deductible.
Saving Cash When Shopping For Health Insurance (2)
Saving Cash When Shopping For Health Insurance
If you are looking for all of the basics regarding health insurance plus some other tips that you might not have heard of, this article is for you. This can be a confusing subject with all of the different opinions and information that is available – especially when a lot of it is contradictory.
It is very important to not allow your health insurance to lapse. If you have any sort of serious issue come up after your health insurance lapse almost no one is required to insure you. Medical costs are far too high for an average person to cover the expense of a major illness.
When you are looking into health insurance make sure that you take the time to research all of the companies that you can. If you feel that you do not have the time or the patience to look around and read through everything you should think about hiring a insurance broker.
When considering your health insurance options, look at the reputation and security of each company. If a company lacks in reputation, or is not secure, they might not be able to pay for claims submitted. A company that cannot pay your claims isn’t worth a dime. So even if they are the cheapest option, they might not be the best.
Instead of paying high rates for certain health insurance, go with an HMO. Not only will this save you a lot of money, but they are easier to use. Also, most HMOs do not have as many restrictions on pre-existing conditions as regular health insurance companies do, meaning it is easier to get approved for an HMO.
When you are thinking about getting a health insurance plan, try writing down what priorities are important to you. An example would be do you want to stay with your current doctor? If so, then you should research those health plans that your doctor accepts and find one that fills your needs yet is still affordable.
Having health insurance is a great way to save a lot of money. Without health insurance, something like a trip to the hospital can leave you in a lot of debt and make things a lot more difficult to pay off in the future. Make sure to get some sort of health insurance before it’s too late!
It’s a good idea to supplement your regular health coverage with catastrophic health insurance. In this way, if you experience a dire emergency, severe injury or illness, you will have ample coverage. Catastrophic health insurance will fill in the gap that usually exists in comprehensive insurance when it comes to long-term hospitalization.
Make sure you know how much you’re paying into your employer-supplied health insurance. If you end up losing your job and enrolling in COBRA you’ll probably end up paying the full premium you pay now, so knowing how much you’re already paying will prepare you for the worst when the time comes.
As stated at the beginning, there is quite a bit of information in regards to health insurance. Hopefully you will find these tips beneficial. You should now find yourself ahead of the game if you are working to become an expert, or just trying to get a bit of background information.
Saving Money Through Key Knowledge In The Home Owner’s Insurance World
Saving Money Through Key Knowledge In The Home Owner’s Insurance World
If you are feeling a bit anxious about getting a home owner’s insurance policy, you aren’t alone. There are millions of other home owners out there that feel just like you as this is very important coverage that is needed to protect your home and property from loss. Make sure you are starting with tips like these before you start shopping.
Consider raising the deductible on your home insurance policy. A higher deductible on your insurance policy can significantly lower your annual home insurance premiums. Unfortunately, by raising the deductible, your home insurance company will no longer pay for small claims, such as broken window repair, leaky pipe repair and minor wind and flood damage repairs.
Insulate your water pipes. One of the most common home insurance claims is damage caused by burst water pipes. Any claim with your home insurance provider will dramatically increases you annual insurance premiums, so insulate your pipes to prevent the pipes freezing during cold whether. Also, if you are going away for a while during the winter months, it is a good idea to ask a friend to check on your house occasionally.
List all of your valuable belongings on a schedule. You may need to purchase an extra rider, or add-on coverage, for certain items. Furs, Persian carpets, collectibles, art and antiques all usually have some type of coverage limit on a home owner’s policy. Cover each item with your agent and make sure they are fully covered.
Some insurance companies offer a discount for being claim free for a certain amount of time. Usually this time ranges anywhere from 3-5 years and can offer a discount up to 15% for being claim free. Consider this before filing a claim too. If it’s not that much of a claim, then don’t file it.
When dealing with damage to your home, after the insurance claim has been made and the damage has been assessed it is time for the repair stages. Normally you will have to decide who will repair your home and the insurance company will give you a check. Make sure that you stay within the means of the insurance company or you will be paying out of pocket.
Don’t be shy about asking for discounts. Homeowners insurance companies have several discounts that aren’t widely published. Check to see if they have discounts for non-profit organizations or motor clubs, or for professional organizations and even the companies you work for. Sometimes you are able to get discounts by belonging to these organizations.
Never over-claim on your home owner’s insurance! Pretending you owned a 150 inch television just to get more money will bite you in the end. The more you claim, the higher your insurance premiums will end up being after your claim, and that raise in premium will last for years!
If you want to make sure that you are getting the best direction in shopping for home owner’s insurance, you have to start with key steps and good tips, which you can receive right from this article. You don’t have to lose out on a great policy if you are using the advice in this article to get the right policy when you need it.
Saving Money On Car Insurance Has Never Been So Easy!
Saving Money On Car Insurance Has Never Been So Easy!
When you need to get car insurance, the last thing that you want to do is spend a lot of time and effort to find a great insurance provider. If you are looking for every possible way to save money, here are some tips to help you in your penny pinching quest.
1. Take time to look around – Don’t go with the first automobile insurance company you find. The rates for insurance can be very competitive, and when you take the time to shop around you will be rewarded with a lower rate.
2. Increase your deductible – If you have a higher deductible, your monthly rates will be lower. You don’t always have to go through your insurance company especially for minor problems with an older vehicle or a fender bender with damage under ,000.
3. Take caution– If your car is old and not worth a lot of money, there’s no reason that you have to carry the cost of collision insurance for your car. If you are in an accident, you won’t get anything for your car, but when you consider the fact that you are spending less money on your car insurance, that can put things into perspective. After all, the money that you saved can be used to buy your new car later on.
4. Examine your car – Let your car insurance company know if your car has extra security features such as a car alarm or if you use winter tires, because it may mean that you will get a better rate. Safety features reduce the likelihood of your vehicle being stolen or vandalized, offering increased protection and assurance to both you and your insurance provider, which can lower your rates.
5. Combine your policies – If you go with an insurance company that offers several types of insurance, you may be able to get a lower rate. There are plenty of insurance companies that will give you a break on your costs if you get all your insurance through them. Insuring your home or apartment along with your car can save you money every year.
6. Think before you buy – No matter how much you may want that expensive car, think about all of the costs associated with it. Hefty insurance payments are often not the only extra costs you will incur. Consider vehicle maintenance, gas and insurance as part of one package. So reconsider that expensive car when you are out shopping.
7. Go to back to school – If you have taken a driver’s education course, or plan on enrolling in one make sure that your car insurance company is aware of that. Make enquiries about which driving schools they recognize, in order to secure a decreased rate. It can help to save you a lot of money over time.
8. Past record – Protecting your good driving record is paramount to ensuring a good insurance rate. If you have had points taken from your driver’s license in the past, receiving a lower rate is more challenging. Points on your license will regenerate over a 3-5 year period, so don’t distress, but drive safely.
Automobile insurance can be something that is costly, but it doesn’t have to be. If you do your homework and make sure that you know all your facts, you will find that you can get a good rate for your insurance. It just takes a little time to see what insurance company will be right for you.
Saving Money On Your Life Insurance Policy Has Never Been Easier (2)
Saving Money On Your Life Insurance Policy Has Never Been Easier
Saving money on life insurance can be simple. It can be as easy as checking quotes from different agents in order to find the best one. You can save huge amounts of money, making your life insurance more affordable by researching rates and prices. Read our tips to get the most for your money.
Before purchasing life insurance you should determine the amount of coverage that you need. The easiest way to do this is to take your average yearly salary and multiply it by eight. There are also a number of simple to use online calculators that will help you figure out how much life insurance you need.
It is important to have a sufficient life insurance policy. You should have enough insurance to cover at least five years of your current salary, if you are married. If you have children or many debts, you should have upwards of ten years salary’s worth of life insurance. Insurance will help your loved ones cover expenses when you are gone.
The first thing you need to do when buying life insurance is understand why you need it. Life insurance is very important when planning for future finances and how your family will be taken care of once you pass away. Take a look at the reasons for you to hold a life insurance policy, and then start looking around.
When buying life insurance, realize that there is going to be a waiting period. In most cases, the actual insurance policy doesn’t get delivered for a few months, usually three, after purchase. Although on the bright side, many companies will provide a conditional coverage plan until the actual policy arrives.
Know how your life insurance policy will cover your home in the event of your passing. Your benefits will first go to cover your outstanding debts and a mortgage could easily engulf the potential benefit for your family. Check with your insurance company to make sure your policy is sufficient.
If you are getting a free life insurance from your employer, make sure the coverage is enough. For instance, it might not cover your spouse. You should consider applying for an additional life insurance if you think you are going to need more coverage or want your spouse to be covered to.
Before you commit to a life insurance policy, be sure to look around and compare rates. You do not want to be stuck with a policy that will not provide your loved ones with sufficient funds. If you are unsure of which companies are reliable, you can look at online reviews.
Buy the coverage of insurance that you currently need. Don’t be pushed into buying more insurance by the insurance rep with intimidating statements of doom and gloom. Typically, most insurance policies allow for changes and upgrades should you decide to increase your coverage. Instead, stay within your budget and be sure to advise the insurance representative of your cost limitations.
As you can see, finding affordable life insurance can be a pretty simple task. With our tips, you will be a well-informed insurance consumer and pay less of your hard earned money for your life insurance policy. Doing your homework can pay off, by way of spending less on insurance.