Should You File an Auto Claim After Any Accident?

Auto accidents unfortunately can occur anytime and anywhere. Obviously, this is reason why it is important to have the right kind of protective car insurance. But sometimes, filing an auto claim is not the best thing to do.

Here’s an example.

A woman drove through an intersection at prime time. Suddenly, she saw a car approaching. It barely made a scratch to her automobile. Nonetheless, it made the otherwise perfect exterior less than perfect.

Naturally, she wanted compensation. The other driver wanted to discuss how he could pay out of the pocket and avoid an auto insurance claim. Being that it involved minor damage, she agreed to this mode of compensation, assuring the at-fault driver she would not notify her insurance company.

The other driver knew that the deductible alone was about the same as the total repair costs to the car he had scratched. He also was aware that by filing an auto claim, his rates would likely go up. Negotiating with the ot

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Common Questions About a Home Insurance Claim

For the unfamiliar, the insurance claim process is quite confusing. Here, we bring a scenario involving a homeowner’s wish to have a claim processed along with the most common questions posed to the professionals. It is our hope that through the dissipation of these along with the answers, the topic will become clearer and the process will not be seen as daunting.

How would a leading insurance carrier handle a home claim in regard to payment?

A: We’re providing an example of some of the top companies here. In the event a claim is brought about home damage, the company would seek a repair estimate. Immediately upon receiving the estimate, the company would issue a payment check. In certain instances, where extra living expenses or temporary repair work is necessary for safety purposes, the insurance might even make advance payment of the emergency situation.

It is common to see the claimant’s mortgage company written on the payment check. Why is

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Understanding HMO, PPO and FFS Health Insurance Plans

Health insurance is offered in various forms today. Traditionally, health insurance plans were indemnity plans; the insured paid a premium, the physician provided health care services, the health insurance plan was billed, and the health insurance plan paid for covered services. As health care costs became astronomical, health insurance companies developed different plans that were aimed at providing quality health care at affordable prices. Managed health care became the buzzword for the health insurance industry, and health insurance plans became more complicated.

Health maintenance organizations, or HMOs, and preferred provider networks, or PPOs, have largely replaced the traditional indemnity health plan. HMOs and PPOs utilize strategies to contain health care costs. These health plans are similar in certain ways. Both HMO and PPO plans contract with health care providers to provide health care services at reduced rates for the health insurance plan members. Typically bot

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How To Take The Guesswork Out Of Buying Term Life Insurance

Protecting your family is the single most important thing any individual can plan for during his or her life. Buying life insurance can be confusing, and a frustrating process. As an insurance agent, I am well aware of the details a customer must know to make the decision easier. In this article, I will offer practical advice on how to simply purchase life insurance.

Look for a company that has at least an AA-rating or above. Independent agencies such as Moody’s and Standard & Poors rate insurance companies on financial strength., there’s little or no difference in two companies with the same exact financial rating. You should feel comfortable with any company that has an AA or higher rating.

When it comes to pricing, don’t be fooled into thinking that insurance agents determine prices and that you can negotiate. Insurance companies set prices and they depend on age, gender, health, smoking status, family history, activities such as scuba diving,

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Does My Auto or Homeowners Insurance Police Cover Mailbox Damage?

Since 2013, the United States Postal Service has furthered a move that will save the agency billions of dollars. By requiring owners of newly constructed homes to use curbside mailboxes like those used by millions of other homeowners and renters, associated costs will be cut significantly.

Though the change favors cost-cutting efforts, it does involve a degree of inconvenience for those used to the traditional delivery at the door front. That downside, however, does not compare to the real risk the newly introduced location – near the road – presents: exposure to damage from a colliding auto or other type of vehicle.

Due to the fact that mailboxes located at the side of the road are in close proximity of constant car and truck movement, there is an extremely heightened risk of them getting hit and damaged.

Can I File a Related Insurance Claim?

Should another driver hit your mailbox, be sure to ask for his phone number and address as well as hi

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5 Tips for Home Insurance Discounts

You can get yourself an on-line policy that will cover you perfectly at a very low rate. By investing a little time and effort on researching online a good premium rate can be often be achieved.

Let’s begin by listing the 5 best ways to save money on home insurance online.

1. Raise your Deductibles

A deductible is the amount of money you state you will agree, in advance, to fund as part of the settlement when you file a claim. Subject to your claim being successful, your insurer will make the remainder of the payment to balance your claim; or a sum as mutually agreed. Claims can only be made based on the terms of your homeowner policy. You may be asking a question like ‘What is the effect of increasing my deductible?’ Increasing your deductible gives you the opportunity to save a lot of money on premiums. For instance, you can save up $20 or more when you have a deductible that’s a sum of say $2,000 or more.

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How Canadians Can Benefit From Having Health and Dental Insurance Coverage

Canadians benefit from a publicly funded national health insurance program which provides for the basic coverage in hospital care. While as Canadians we receive coverage to some extent, each province and territory may offer additional benefits according to their own respective plans.

If you’re a Canadian, and you have lived in a few of the provinces over time you would best understand how coverage varies considerably from province to province.

Health & Dental Insurance

The average costs for a dental cleaning varies, but generally on average you’re looking to pay between $150 to $200. Besides cleanings; Fillings, extractions, and root canals can set you back hundreds of dollars.

Prescription medications

Provincial governments offer partial or complete coverage for seniors and those receiving social assistance. What about the rest of the Canadian working class, how can they fill in the gaps where coverage is not an opt

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Benefits and Risks of Life Insurance Premium Finance

Life Insurance Premium finance is the safer way of purchasing life insurance, especially for high net worth individuals. It allows a company to borrow the cost of life insurance premiums. It usually occurs when the company has a very high premium that makes it necessary to borrow the amount in part or in whole to prevent reducing the company’s liquidity.

More often than not, traditional lenders don’t provide premium financing, and business owners need to look for specific premium financing providers to secure the loan.

Benefits of Premium Finance

When a company releases a large amount of payment, its owner must first consider whether the funds are needed for the daily operation of the company or for the expansion of the business. And in order to prevent liquidating some of the company’s assets or using key funds, financing is required.

More often than not, businesses depend on some type of loan to be sustainable. Premium financing is of

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Things You Need to Set Up an Auto Insurance Policy

Money is an obvious one. And, of course, having a vehicle to insure and a garaging address is another. A completed application with signatures applies to all polices. Also, each company will have their own unique set of guidelines for what you will need. Lastly, legal requirements can change in different jurisdictions.

Payments to start a policy are mostly made by check or credit card. Many policyholders now a days use an electronic form of payment. For credit and debit cards the account number, expiration date, and security code are needed. For an electronic funds bank transfer the account and bank routing numbers. In either case the account holder, which is not always the policyholder, must provide authorization.

Before a policy can begin the exact Vehicle Identification Number or VIN (17 digit alpha numeric) is needed. Providing the year make and model is insufficient. Each car has a unique VIN which identifies the characteristics for that particular car. Air bag, a

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House Insurance Offers: Tips on Getting Better Quotes and Discounts

It might take some time for you to do some research, but you really do want to be careful when evaluating house insurance offers. How do you know which company is right for you? What about the policy? Does it include everything you need? Is it right for your home and property? What about the contents of your home? All of these questions must be answered before you sign any contracts.

Always check the financial stability of any company you are considering and consult consumer sites to read reviews and ratings. Also, keep in mind that you might not necessarily need the traditional insurance type. There are newer, modern solutions such as “peer to peer models”. This is an ideal system for those who have trouble getting affordable insurance the traditional way.

Regardless of which type of system you go for, it is essential that you know the value of your property and contents. If the current market value of your home really isn’t very much, how much would

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