Statistics show that most of us have been involved in an accident, whether or not we were behind the wheel. But of those who have been in an auto accident, how many of us knew offhand the correct steps to follow in this situation? And many auto insurance consumers may not know the quickest and easiest route to filing a claim with your insurance company.
Unfortunately, making a life insurance claim requires some paperwork - not something people want to face when a loved one passes away. But for legal and tax purposes, beneficiaries must file claims in order to receive settlement funds. These basic steps explain the process and serve as a checklist for you to make sure you're doing everything necessary during a difficult time.
Since the typical customer maintains their homeowners policy for more than ten years with the same insurance company, it is important to periodically refresh your understanding of what the policy covers. Since the majority of customers buy through a local agent, one of the best ways to stay educated about your homeowners insurance policy is by asking the right questions to get the most out of discussions with your insurance agent.
Your home is likely your most valuable asset-make sure you protect it. While insurance agents will help determine the kind of coverage you can buy, it is ultimately your responsibility to know what the policy covers.
1. Be informed about your policy
Know what your insurance deductible is so you're prepared for any out-of-pocket expenses you may incur. Find out if your insurance policy covers common expenses, such as fees to rent a car while your vehicle is being repaired and towing charges.
Winter is upon us, which means bad weather and dangerous driving conditions are common. It is more important than ever to practice safe driving techniques in typical winter weather conditions such as rain, wind, snow, ice, sleet and fog. It is even more important to practice safety in extreme weather conditions such as hurricanes, tornados, torrential rain/snow and electrical storms.
While the use of child restraints is up in the U.S. (restraint use has increased from just over 50% to nearly 72% since the mid-1990s for children under 60 pounds), a recent government study (conducted by the U.S. Department of Transportation's National Highway Traffic Safety Administration or NHTSA) shows that nearly 73% of child restraints are misused.
While accidents that involve vehicle rollovers are relatively rare, you should be aware of the risk-especially if you drive a sport utility vehicle (SUV). Statistics indicate that SUVs are three times more likely to be involved in a rollover accident than passenger cars. And, if a rollover does occur, occupants riding in SUVs are most at risk.
Some SUVs pose a greater risk than others.
We all know that our credit histories will affect whether or not we get the loan we need to buy a house (or car, boat, etc.) or refinance an existing loan, but what most people don't realize is that credit histories can also affect how much we pay for auto insurance.
Driver reaction is a critical factor in preventing any accident, but in an SUV, driver input can play an even greater role. That's because SUVs are larger, heavier, and sit higher off the ground. In short, SUVs are not as agile as passenger cars. Because of these factors, SUVs are more than three times as likely to roll as passenger cars (To learn more, read Vehicle Rollover Risk: What You Should Know).
Homeowners insurance rates vary by hundreds of dollars from company to company. Fortunately the Internet has made comparing multiple homeowners quotes as easy and non-committing as finding car insurance. As you review your homeowners insurance and compare quotes, use the five following tips fully take advantage of your potential savings.
1. Raise Your Homeowners Deductible: Save up to 25%
The lowest hanging fruit for homeowners insurance savings may be to increase your deductible...
As you plan your next vacation, take five minutes to review these simple, yet often overlooked home safety practices that deter burglars from breaking into your house. Your home will appear to be lived in whether you are away for only a weekend or for weeks at a time.
Make Your Home Appear Lived-in
Install automatic timers to turn lights and radios on and off at appropriate times....
Over the next few months, we will be identifying various factors (called underwriting factors) that may have an impact on your life insurance costs. This month's article will focus on how asthma and other breathing disorders can impact your rates. Check back in future months to see how other underwriting factors can affect your life insurance costs.
Did you know that ownership of life insurance has been declining severely over the past couple decades? And those who have purchased life insurance usually do not own enough? Studies show that 40 percent of adult Americans have no life insurance whatsoever, and over 50 million people in this country lack adequate life insurance.
This article concludes our four part series on how various underwriting factors can contribute to your life insurance costs. In the past three articles, we've covered how weight, cholesterol, blood sugar, asthma (including other breathing disorders), and alcohol abuse can affect life insurance costs. This month will focus on how extreme sports and activities can impact the amount you pay for life insurance.