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Insurance

How to Shop Around for the Best Life Insurance Quotes

Finding the best Life Insurance Guideline is something that many people hope to do, but often have a hard time sifting through the hundreds of different companies that offer life insurance policies. Many companies have several different life insurance policies that are available to consumers, each providing different coverage with huge ranges in price. There are a few tried and true techniques that you can use to evaluate the life insurance quotes that you have available to you, and narrow down the list of options to only those companies that deserve consideration.

Make an Initial List

Start by making an initial list of companies that you would like to consider using for your life insurance policy. This list can come from a number of sources, including your local area, online quote providers, and any other source that you have to find life insurance companies. Start by making your initial list, and then you can go about researching the companies to find the policy that is going to suit you and your family best. The initial list should be around 10 different companies or policies, so that you have plenty of material to work with when you begin researching the company.

Read Reviews

Once you have a list of companies that you are considering, the next thing that you need to do is to become familiar with the companies. There is no better way to evaluate a company than by reading the reviews that they have available from previous customers. This can alert you to certain issues that previous customers might have had with the company, and will allow you to avoid companies that have a reputation for not being able to take care of their customers. The more reviews that you read, the bigger of a picture you will have in order to gauge the competency of these companies. Use the reviews that you read to narrow down the list of companies that you are considering using.

Understand the Policies

Now that you have your list narrowed down to just a few companies, you need to understand the policies that they have available. Read all of the fine print of each of the policies that you are considering so you can understand the policies in full, and know what the potential pros and cons of each policy are. Know exactly what can void your policy, and how you can avoid breaching the terms of your policy.

Compare Prices

Also compare the prices of the policies between the different companies that you are considering. Remember, higher quality policies that generally force companies to take on more risk are going to cost more. Also weigh the price of the life insurance policies against the guaranteed and potential payouts that are given by the policy when necessary. Price is a huge consideration when you are choosing a life insurance policy, so take your time and evaluate all of the options that you have in front of you. Also make sure that you have a proper budget in place, so you know where to draw the line in terms of which policies are available to you.

Speak With Them

Once you have your list down to just a few life insurance plans, the last step is to speak to them about your decision. This can give you a good indication of the customer service that they provide, as well as giving them a chance to sell you on their policies. Ask any questions that you might have about the policy, and ask them to explain aspects that you do not understand, in full. By speaking to them, you give them the chance to quell any of your concerns and can give you one last evaluation to work with when making your final decision.

Author Bio: This article was written by Chuck Henry of Wonga.com a company that helps with short term loan needs.

Insurance

Will Regular Servicing Keep Your Insurance Premiums Down?

When it comes to owning and maintaining a car in Asia, things can get very expensive very quickly. In highly populated areas like Hong Kong, congestion levels are staggering. At peak times, there are an estimated three hundred vehicles filling up every kilometre of the road. It’s fair to say that the people of Hong Kong are familiar with wall to wall traffic jams on the way to work – on the way back as well. This level of traffic congestion is what makes owning a car in Asia so expensive.

However, there are ways to lower the cost of owning and driving a car. The first is to ditch the vehicle and start taking public transport – the buses, trams and trains in Asia are some of the most reliable in the world. If you’re not yet willing to do anything quite so radical, you could always focus your attention on making your vehicle as safe as possible. Just like in Britain, the condition of a car can greatly affect the insurance premium that you have to pay.

The key to maintaining an optimum vehicle condition is with semi-regular servicing. This does cost drivers more money, but it can make a big difference to their premiums in the future with companies like Direct Asia. Yet, even this isn’t any use if you’re not driving the right kind of vehicle in the first place. A brand new vehicle will attract very high premiums, as will a sports car or a vehicle that is older than ten years. It’s a delicate balancing act between the right kind of car and the wrong kind, between a positive service history and a negative one.

For example, you do want your service history to show that you care for the maintenance of your vehicle. You do want there to be evidence of regular scheduled checks and routine wear and tear repairs. This is bound to positively affect your insurance premiums, because it shows that you are willing to take responsibility for the safety of your vehicle. What you don’t want to do is take your car to be serviced or repaired too often. According to experts at HowStuffWorks.com, it can make your vehicle look as if it needs a lot of focused attention.

If you want to attract low premiums, you are advised to drive a car that is between two and ten years old, say the experts at Confused.com. It won’t be new enough to be considered high risk for superficial damage, but neither will it be old enough to be considered a break down risk. Do take your car for a service twice a year, but avoid running up unnecessary expenses on a vehicle that isn’t really worth the effort or the trouble. If you have a car that keeps breaking down, it could be cheaper in the long run to invest in a much better model.

The influence of your service history will depend on what kind of maintenance your vehicle regularly needs. If it only requires a scheduled tune up or a few superficial repairs, it’s unlikely that your service history will negatively impact your insurance premiums. However, if your car has regular engine, brake or suspension problems – you might find that your premium shoots up very quickly. The simplest way to earn yourself a lower premium is still the best one. As long as you drive safely and considerately, you shouldn’t fall prey to unaffordable running costs.

Insurance

10 Ways To Save On Insurance For You Car

Are you a frequent traveler?  Do you travel for work, for pleasure, or are you one of the lucky ones that actually manages to be able to do both?  More and more people, despite the price of gas, are trying to travel by car – if for no other reason than to avoid the lengthy, invasive security checks, lost luggage, delays and more.  Traveling by train is an amazing experience, that should be tried by everyone at least once, but it is, without a doubt, a pricey little endeavour.  Whether it’s business, pleasure, or both you should have the appropriate insurance on your travel-mobile… your car, SUV… what have you.  When is the last time you researched auto insurance quotes?  Because I know you insure your automobile for all that travel.

#10 Payments

Woman calculating and writing

How often do you make payments on your premiums?  Making payments once a year is less expensive than making them every month.

#9 Membership Discount

Surely you’ve heard that ‘membership has its privileges’.  Actually, that’s true!  At least in some cases, being a member of a certain organization may entitle you to specific discounts.

#8  Retired?

IMAGE 2 WAYS TO SAVE ON CAR INSURANCE

Are you a retired traveler?  As early as 55 or later at 65 people may be able to enjoy discounts for retirement.  If you’re not sure about your insurance company’s policy… ask!

#7 Car Alarms

How secure is your car?  We’re not talking about safety here – that’s another story – but how difficult have you made it to break in and steal your car?  Got alarms?

#6 Here Is Safety!

More and more safety features are being added to new cars by certain car manufacturers.  So obviously, the more safety devices you have, the safer you should be.  The safer you are, the better your auto insurance company feels about giving you discounted insurance premiums.

#5 Credit Score

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Have you checked your credit score lately?  How does it compare to when you first started up with your current insurance company?  If your score has improved your rates could go down.

#4 Old Car?

What is the age of your car?  Older cars, that don’t have a lean or are leased, should cost less to insure than brand new just off the lot.

#3 I’ve Had Insurance For…

Loyalty also sometimes has its privileges.  The longer you are with an insurance company the less you should pay.  Or at the very least, get vanishing deductible.

#2 Multiple Vehicles

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How many vehicles does your family insure?  Do you have renters or homeowners insurance?  A boat, RV, motorcycle, ATV… that need insurance?

#1 With Age Comes Discounts

How old are you?  Whereas young, inexperienced drivers pay a higher premium… older, more mature, experienced drivers should be allowed to pay less.  Makes sense, right?

Any traveler will tell you that insurance is a must be it travel insurance, car insurance, trip cancellation insurance… you name it.  Driving in strange areas can be an experience all its own.  Not being insured, when driving around in traffic that you are not familiar with is nothing less than an invitation for disaster. This was the reason to look for consultation from the car accident attorney near me. Paying for the right insurance coverage can be far less financially devastating than the final result of an accident, in a faraway place.

Insurance

Efficient Gadget Insurance Aids You in Saving Your Money

According to a survey an average individual carries gadgets of worth Rs. 30,000 with them, daily. Having a dedicated and efficient insurance for your gadgets will help you in saving a lot of money, as it provides protection against break down, theft, accidental and loss damages. Today, insurance covers are available for almost all types of electrical gadgets including laptops, cell phones, iPods, iPads, GPS devices and desktops, etc. Hence, it is a must for all gadget owners to look for an efficient and affordable gadget insurance scheme which can protect your precious and day to day electronics and gadgets, in the best way possible.

Today, theft and burglary of costly electronic devices is very common. At present, every year millions of gadgets are stolen, lost, damaged or they break down. Even in one single year, around one million electronic devices gets damages or lost. Some of us lose our expensive cell phones just by dropping them in laundry wash or in the toilets. An average electronic insurance cover premium is around Rs. 600 a month. At present, some of the renowned companies even offer group electronic insurance schemes, in these policies; you can insure or safeguard different gadgets under one gadget insurance cover.

Hence, with these insurance cover, you need not to make enough expenses and you can easily achieve peace of mind and satisfaction, too after realizing that your gadgets are safe. It is important to check that under what circumstances your insurance policy will protect your gadgets.  It is advisable to choose an insurance that is versatile which means, it must protect your gadgets and electronics against all types of threats such as theft, lost, damage, etc. A good insurance policy safeguards your gadgets against burglary as well as against accidental damages where electronics are kept unattended in safe premises and vehicles.

The policy must cover all types of electronic items and gadgets such as phones, electronics, laptops, desktops, etc. and provides extensive guarantees on all damages. Some key points that the insurance policy must include are accidental coverage, global coverage, 48 hours mobile phone replacement warranty and free of charge cell phone contact back-up. For instance, if your devices gets broken or damages, then a good insurance policy is liable to replace or repair your gadget. It is the insurance company who will decide whether the gadget will get repaired, or it has to be replaced.

For theft insurance coverage, you need to report to the police and the cell phone service provide. This will instantly stop the mobile phone services to the phone and will blacklist the device. After this, you can ask for a replacement within 72 hours. Hence, good gadget insurance certainly brings enormous peace and satisfaction for one’s mind that even if you have lost or broken your gadgets, accidentally, you can relax. So, don’t wait any more and start looking for a suitable, versatile and affordable insurance policy that can safe guard your electronic devices and gadgets against all types of threats. 

Insurance

Seeking a life insurance cover in your mid-fifties?

Quite contrary to what happened earlier, people today are much more serious about holding on to their life insurance policies even when they are over 50. Earlier many of the people actually gave up their life insurance policy once they reached their mid-50s. The whole idea was to secure the insurance when your kids were still young, so if anything had to happen to you, the survivors would be able to, at least, send your kids to college. That actually led a lot of people to give up on their life insurance policy post 50s. However, in the wake of recession, was felt the need for “providing for the adult children”. Some experts term it as the next level “of helicopter parenting”.

Can you really qualify for a life insurance cover when you are over 50?

Yes you definitely will be able to secure a life insurance cover when you are over 50. However, there are certain points that should be kept in view. You might as well have to undergo a medical check-up. The underwriting procedure should not pose much of a problem for you, provided you are in good health. However, if you have moderate health problems and are a smoker then you would be required to pay up more than a 50-year old who is a non-smoker and does not have health issues.

What exactly should you consider while you are looking for life insurance?

The first question that should strike you when you are looking for life insurance over 50 is who exactly is/are dependent on you financially. After determining who you would like to leave behind the money for, it would be your responsibility to estimate the amount of money required for fulfilling each of their needs. You can either buy a policy and name multiple beneficiaries of the same, or else purchase multiple insurance policies with different nominees for each.

Should you take a life insurance over 50 even if you have no one dependent on you?

There are some policy holders who do not have any one depending on his or her money but they still like to provide for someone. For instance, you may want your adult child to have something beside his own job and property inheritance to fall back on.

Life insurance over 50- A few important factors

It is important to determine the exact amount of money that will suffice for your beneficiaries. A life insurance agent might as well be trying to convince you that you need additional plans, because they will be receiving commissions on sales. You can, in fact, look forward to the help of a no commission financial advisor in that case.

Experts opine that it is very important for married women over 50 to have life insurance policies, so that they can see through the days post their husbands’ deaths. There are many of them who think that there is no point in shelling out a substantial amount of money for the insurance just because they want to leave behind a legacy for their children. Instead, they should invest in long term care insurance so that their children don’t have to shell out money for your care, when you yourself can’t do it.