Ramblings Of An Insurance Novice

It's that time again: time to shop around for new health insurance. If you're worried about being stuck with sky-high premiums, it's time to take matters into your own hands. While the cost of health insurance does continue to rise, there are still steps you can take to reduce your premiums. Before you start shopping for health insurance, here are some methods you can use that will help you save money.

Several auto insurance companies now offer safe driving rewards. You have to remain either accident-free or claim-free for "x" number of months or a complete year to get the rewards. Yet, it begs the question; are the rewards worth it? Let's take a look. Staying Accident-Free for Three or Four Months  Honestly, this is totally doable. Unless you are a high-risk driver who goes out drinking and clubbing every weekend, it should be quite easy for you to remain accident-free for three or four months.

Owning a vehicle comes with a large amount of responsibilities to keep it durable. You must also ensure that your driving is safe enough to avoid causing accidents, as getting into a collision that causes injuries to someone can land you in a lawsuit. However, sometimes getting into accidents happen no matter how much you try to avoid them, as other drivers often drive in a reckless manner. One thing that you need to keep your vehicle durable and have financial security in accidents is auto insurance coverage.

If a flood ever hits your city and causes damage to your home, did you realize that your standard homeowner's insurance policy will not cover the damages? This is because homeowner's policies exclude damage caused by floods. Therefore, if you want to have flood damage covered, you will have to add flood insurance to your policy. Here are several things to know about flood insurance. Is It Required? Having flood insurance is usually not a requirement; however, there are times when homeowners are required to have it.

If you're a business owner and don't currently hold business property insurance coverage, now is the time to start shopping around for quotes. Specifically, business property insurance can protect you from liability and unexpected costs related to disasters that occur on your property and beyond. Before you make a decision about purchasing a policy, however, it's important for business owners to know the realities behind some of the most common business property insurance myths out there.

Summer is a great time of year to get out your auto insurance policy and see what type of coverage you are actually paying for. Here are two extras that you may want to add to your insurance plan that will help give you the level of coverage that you need. #1 Roadside Assistance If you don't have roadside assistance already, you should seriously consider adding it to your plan. Generally, over the course of a six-month premium, roadside assistance will only cost you a few dollars a months or pennies a day.

There are so many ways to reduce the premiums you pay for homeowner's insurance, but a common method is by increasing the deductible on your policy. The deductible is the amount you must pay if you file a claim, and here are several important things to know and understand about this. Higher Deductibles Equal Lower Premiums Have you ever wondered why raising your deductible would result in lower premiums on your home insurance?

Home insurance is essential if you have a home, and could be required by your mortgage lender. It gives you much-needed protection if something were to happen to your home, since it is most likely the biggest purchase you'll ever make. That said, there are some common questions people have about home insurance when they are unfamiliar with it. Will You Be Relocated While Repairs Are Being Made? In extreme loss situations, such as a house fire, chances are that your home will be unsuitable to live in until the necessary repairs will be made.