What To Say To Your Auto Insurance Agent To Get The Best Deals
Posted by David Schneider

Everyone wants cheap car insurance. But there’s a great divide between wanting something and actually being able to achieve it. Too often, aspiring car insurance policyholders don’t know what questions to ask to get the best possible deal on car insurance. Yes, you can hunt around and get quote comparisons from different car insurance providers, but eventually you’re going to talk to a live agent and you need to be armed with a series of questions.

Asking for Insurance Discounts

It sounds pretty simple but just asking for discounts can be very effective. Remember that the first deal that an insurance agent offers is not necessarily the best one available. An agent is not going to necessarily try to give you the best rate available. If he can sell a more expensive policy, he will. That’s just the way of business. Asking about discounts for certain issues, such as anti-theft protection or driving a limited number of miles, can work in your favor.

After you find out about the different discounts from insurance companies, you can then make an informed comparison between different insurance companies. Really, talking to an agent is the best way to get a deal on car insurance, so talking to agents from several different agencies can lead to the best deal possible. You can even use this to your advantage: Agent A offered this deal, can you?

Providing Good Information for Low Car Insurance Rates

You can’t expect an insurance agent to ask you every question about your current situation. He will ask a series of basic questions: what kind of car do you drive, what year, how’s your driving record, how many miles do you drive, and so on. It’s up to you to ask questions back, like, “How can my rate be improved if I shave 50 miles a week off my driving time?” or, “What is the rate difference between car A and car B?” It’s important to have accurate information about your car and driving record at your disposal. For instance, providing information about your car’s safety rating can help in negotiations.

It’s also helpful to have some knowledge about what types of car insurance policies are out there. A Third Party Only car insurance policy is the cheapest out there. However, this type of policy is best for a low-value car, as the policy only covers another car in an accident, not your own. You will only require this policy if your car is not worth saving.

Additional Questions about Car Insurance Rates

Also ask how your credit rating affects your car insurance policy. A solid credit rating can have a positive effect on car insurance rates. As can getting married, though no one’s saying you should get married for low car insurance rates. Finally, ask your agent if paying premiums on an annual basis, rather than monthly, can save you on car insurance premiums. The advantage of looking for car insurance on the web is that you won’t be charged extra for certain types of processing. The same goes for processing monthly bills.

On the whole, you need to know what to expect from a car insurance agency before you sit down to negotiate. This way you won’t be in the dark when the agent makes an offer.

What To Ask Your Life Insurance Agent At Every Milestone
Posted by David Schneider

All insurance policies change significantly with time. Your car insurance will change if you get an anti-theft device or new car altogether. You may need to alter a homeowners insurance policy to add additional flood protection, theft protection, or something else. Life insurance is no different. As a life insurance policy will cover several decades in your life, if not an entire lifetime, a lot can change throughout the term of a policy.
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聽Life milestones can have a direct effect on your life insurance policy. Such milestones as children graduating from college, retirement, moving to a new location, changing jobs, and the like are all important for your life insurance policy. What you ask your agent about the policy depends in part on the type of milestone, though there is one basic question that you should be asking: do I need the same kind of coverage?聽
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聽Questions to Ask a Life Insurance Agent
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聽If you have kids that have already graduated college, your life insurance policy does not need to provide benefits to cover the cost of college tuition. At this milestone, you could think about lowering the amount of coverage, thereby lowering your yearly premiums. However, if your income can absorb the current premium, it is not necessarily by rote that you should lower the amount of coverage. The result would be a larger death benefit that would not have to cover tuition and other college expenses.
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聽The same goes for other milestones, such as moving. Is the new mortgage, rent, or lease cheaper or more expensive than your former location?聽 If it’s cheaper, you could potentially afford more for yearly premiums. Retirement also lowers the amount of yearly income so you may need to adjust your life insurance policy accordingly. Discuss with your agent if you want to restructure the terms of the policy.
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聽Life Expectancy and Life Insurance
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聽The biggest milestone for life insurance is aging itself. As a person gets older, life insurance premiums can go up, as health declines with age. If a particularly bad health problem arises, you need to adjust life insurance accordingly. Locking in a policy when the insured is still young is a good idea because the premiums will be set at a lower rate for a healthy individual.
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聽If your health decreases, you need to think about raising the death benefit, as you’ll need to be paying premiums in a shorter amount of time. Benefits should be anywhere from 5 to 15 percent of your current income. If you are the sole wage earner in the household, the benefits should be on the larger end of the spectrum. Again, discuss with your insurance agent if increasing your coverage is advisable if your life expectancy has been lowered.
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聽At the same time, expenses generally go down as people hit retiring age. As mentioned, expenses such as college tuition are no longer needed. Basic issues like entertainment expenses may go down as well, though this depends on the insured. At the same time, a family will be much larger as time goes on, including grandchildren, as well as possibly great grandchildren, so providing an increased benefit for descendants should be factored in as well. Any birth in the family is a significant milestone that should also be discussed with your insurance agent.

Worst Insurance Moves In 2006
Posted by David Schneider

It’s pretty hard to pinpoint the worst insurance mistakes in 2006 because there are so many of them. People just don’t like dealing with insurance, whether it’s life insurance, car insurance or something else. What happens is that they’ll rush into a policy and never look at it again. These are two very bad insurance moves.

Review Your Policy Regularly
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聽Let’s take the latter issue. One of the major mistakes that policyholders make is not reviewing the policy periodically, at least once a year. With a long-term policy such as whole life insurance, this is imperative, as so much can change in relation to the policyholder’s health; the possibility for lower premiums may exist, but be missed without review. Even if you spent an obsessive amount of time setting up the policy this doesn’t mean you’re off the hook. Reviewing an insurance policy is vital.
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聽On a similar front, this entails making sure that you have the right amount of coverage. For instance, imagine if the weather forecast for 2006 said that there was going to be an elevated amount of hurricane activity in your area. Not preparing for this ahead of time is a woeful mistake. Anyone in this situation needs to enhance their flood protection, wind protection and general homeowners insurance policy to make sure they’re adequately covered. This is why reviewing the policy is imperative, as a policyholder’s needs can change from year to year.
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聽Homeowners also frequently make the mistake of not buying insurance in lower risk areas. Your home doesn’t have to be in the direct path of a hurricane to require flood insurance. The same goes for fire or earthquake insurance. Just because something didn’t happen yesterday doesn’t mean you shouldn’t provide protection for the future.
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聽Car Insurance Problems
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聽In 2006, people made as many mistakes with their car insurance policies as they did with their homeowners insurance policies. Again, getting adequate protection is a big one. In addition, not getting theft protection or trying to insure an unsafe older car are big problems. Obviously, the old car needs insurance but you’d be much better off trying to insure a car with a good safety rating. What you save on insurance premiums could go into buying a better car. At the very least, you should not buy extensive collision insurance on a car that probably won’t be fixed up to look new in the event of an accident.
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聽Shopping for Insurance
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聽Finally, people generally just don’t take the time to investigate if there are better insurance policies out there. In 2006 a record number of people were overcharged for their insurance policies. Doing a little research and finding the best possible quote for a certain kind of policy can save you hundreds, if not thousands, on yearly premiums. As the Internet has made it exponentially easier to compare and contrast insurance rates, there is no reason to not research each type of policy you require.
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聽Remember, insurance is an ongoing process. It’s not like a traditional product that you purchase and never revise. All insurance is a work in process. If you didn’t get optimal rates the first time around, you can potentially get a better rate at a later time. Even if you did do ample research, it’s still possible to receive lower rates or to require additional coverage.

Best Insurance Moves In 2007
Posted by David Schneider

The best insurance moves in 2007 are similar to the best insurance moves in 2006. In fact, getting insurance is easier with each passing year. The number of people looking for good insurance deals online is skyrocketing. But you probably knew that, or you wouldn’t be reading this article.
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聽There is no reason for a prospective policyholder to be ill informed. In the past, a person would be contacted by an insurance agent. The agent would rattle of a list of information about the policy and say things like, “This is the best deal you can get for your dollar.”聽 The person listening had to take a lot of this information on faith. Before the Internet there was no quick way to research prospective insurance deals. Now all that has changed. There isn’t just a lot more information available at people’s fingertips, but there are a lot more potential deals.
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聽Ways to Use the Web for Insurance
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聽So how can you best maximize how you navigate this new wave of the insurance industry?聽 With a majority of insurance companies elevating their online profile, there are literally thousands of sites advertising good insurance rates. Because you’re in the driver’s seat, you can take your time surveying different deals, rather than waiting for the hard sell from an agent.
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聽However, just taking a site’s word for it is not sufficient. The site may promise a great rate for homeowners insurance, car insurance, health insurance or whatever the case may be. But there may be fine print that applies to your case directly. For instance, a homeowner in a fire-danger area with a home that is over 30 years old will be offered a far different rate for fire protection insurance for someone in a new home.
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聽One of the best moves you can make when looking for insurance is to narrow down exactly what you need. This way you can make informed comparisons between different agencies’ offers. Either you can go to each site individually and plug your information into the site’s calculator, or you can use a quote matching service to find the best rate available.
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聽Comparing and Contrasting Insurance Deals
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聽Quote matching services have grown exponentially in 2007 and there’s a reason for it. Potential policyholders trust the quote from a third-party site, rather than getting the quote directly from a company’s main website. In addition, it’s just easier to get insurance quotes all at one site without having to plug in your information over and over again. Quote comparisons are one of the fastest growing wings of the e-based insurance industry.
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聽Insurance company directories are also popular, in which insurance agencies sign up with the directory in order to gain exposure. Here you can also compare quotes between different agencies.
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聽In both cases, it is important to eventually speak to an agent directly. While you can learn a lot from an insurance quote search engine, there is no replacement for the personal touch. If you have some specialized requirements, you should work through these issues directly with an agent. Once you narrow down your choices through a quote search engine, you can then talk to several agents from competing companies to see who offers the best overall policy. Until you do some research on your own, you will not be in a place to get the most comprehensive and economically viable coverage.
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聽All in all, the Internet has revolutionized the insurance industry. Quote requests and actual secured policies have gone up significantly in 2007 and things don’t seem to be changing any time soon.

Summer Tips On How To Save On Insurance
Posted by David Schneider

Insurance is one of those things that most people want to avoid thinking about. Rule number one for getting a good rate on insurance: don’t avoid thinking about the issue. It’s when people try to cut corners on investigating insurance or getting coverage that they get into trouble. So long as you put in a little work, you can save a significant amount on your yearly premiums. If spring is the time for cleaning, summer is the time for finding good deals.
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聽The key to save on most types of insurance is to do a number of little things before applying for a policy. While comparing rates between different providers is a great and tested avenue for getting low rates on insurance, there’s a lot you can do before that point. Getting your house (or your car) in order can put you in the driver’s seat (or the La-Z-Boy) before you even start negotiating for an optimal rate.
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聽Ways to Reduce Homeowners Insurance Premiums
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聽The No. 1 way for saving on insurance is by raising your deductible. People mistake raising the deductible for exorbitant insurance rates, but actually raising your deductible to $1,000 or more can help you save in the long run. On that front, look to paying your premiums on an annual, rather than a monthly, basis. This could reduce billing fees, reducing the overall cost.
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聽Seek out discounts. Most homeowners insurance companies will offer discounts for burglar alarms or a sprinkler system. Look into installing these things and then see how different insurance companies’ discounts compare to each other.
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聽Generally, try to reduce your number of claims. While you may want to cry foul for a tree that knocks some shingles off your roof, this is not a reason to file an insurance claim. Only file claims for the most egregious problems and your premiums will stay at even keel.
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聽Ways to Reduce Car Insurance Premiums
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聽The ways to reduce car insurance premiums are similar to reducing homeowners insurance. For instance, raising your deductible and adding anti-theft protection for your car can reduce your costs. Inquire about discounts with different insurance companies to see which offers the best discounts.
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聽However, you’re never going to take your house out for a spin. Reducing the amount of miles you drive can also reduce what you owe on car insurance. This is easier said than done in the summertime, when people may drive more than other times of the year. Additionally, the type of car you drive can significantly reduce your premiums. A car with a better safety rating will be easier to insure than a rusty old jalopy.
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聽For other types of insurance, like life insurance, or even travel insurance, many of these techniques still apply. Look for discounts and poke around between different insurance agencies. Do not take the first deal offered. The Internet has made this much easier than in the past, as you can make comparisons between insurance deals for all types of insurance. If you’re not willing to do a little research, don’t complain if your rates are too high.

Are You Eligible For Flood Insurance?
Posted by David Schneider

Eligible for flood insurance?聽 The answer most probably is yes
. There are a number of misconceptions about the need for flood insurance. In most low risk locations, as few as two percent of homes have flood insurance. There are several reasons for this. The most common one is that people don’t think it is necessary so they don’t even bother to check eligibility.
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聽Be aware that even if you live in a low risk area you may be eligible for flood insurance. Without flood insurance, you will not be covered by a standard homeowners insurance policy. You will be liable for repairs on any damages related to flooding. As flooding can lead to severe degradation of the very foundation of the house, this can be a major expense. Other problems, such as toxic mold, will also not be covered by standard homeowners insurance.
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聽Another misconception about flood insurance is that you are not eligible if your home has already been flooded. While this will obviously affect premiums, this will not affect eligibility. It is possible to get flood insurance at any time.
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聽Flood insurance is different than other types of insurance that you purchase directly from an insurance agency. Eligibility for flood insurance is determined by a government agency, FEMA. It’s important to keep in mind that the FEMA program does not cover every problem associated with flooding, but it is a starting point for getting coverage.
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聽Understanding the National Flood Insurance Program
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聽The National Insurance Flood Program (NFIP) sets eligibility for flood-prone homes. People often do not understand that this program is aimed at the majority of homeowners, not just people in high-impact regions. It’s stated that a full third of the flood insurance claims handled by the NFIP are for low impact areas and not necessarily the result of severe hurricane or rainstorm.
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聽Flooding can happen via heavy rainfall, melting snow, a dam breach, or over-development in an adjacent community. These issues can affect homes throughout the U.S. and not just those that are prone to hurricanes and other extreme weather patterns. The NFIP’s Preferred Risk Policy is specifically aimed at those homes that are in lower-impact areas. The insurance policy is available for as low as $80 a year. It will cover most types of flood causes, such as rain, mudslide and other issues already mentioned.
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聽However, keep in mind that NFIP coverage does not cover everything. By and large, NFIP insurance coverage can only be used for clean-up after a flood, as well as covering the cost of items that were damaged. Repairs will not necessarily be covered so if you are interested in more extensive coverage, you should contact an insurance agent.
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聽Should You Get Flood Insurance?
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聽If you live in the open space of the Southwestern U.S., flood insurance is not nearly the priority, as it is a drier climate. But the area that falls under the jurisdiction of the NFIP comprises millions of homes, most situated in the Midwest, Eastern and Southeastern U.S. Parts of the Western U.S. are also eligible. So unless you live in a very dry climate, your eligibility for NFIP insurance is virtually assured and recommended.

Top 5 Insurance Myths Of The Summer
Posted by David Schneider

The main myths that surround any type of insurance have to do with coverage amounts. Too often, policyholders don’t read the fine print. They buy car insurance, homeowners insurance, health insurance or something else and think that’s all there is to it - they’re covered. When it comes time to actually using the policy, they find that their coverage is fairly limited.
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聽This summer is no different. Summertime brings a lot of things: travel, fire season, hurricane season and other potential dangers. While there’s a lot of fun in the sun, homes are at a greater risk than other times during the year. Here are five myths about how the summertime can affect your coverage.
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聽Myth No. 1: You Don’t Need Flood Insurance
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聽Certainly people are more aware of the risks of flooding than they used to be. However, a large number of homeowners don’t look to get flood insurance if they don’t live in a high-risk area. You don’t have to live on the edge of a levy to purchase flood insurance. Every homeowner who lives in a National Flood Insurance Program area is eligible for flood insurance. If your home is flooded and you aren’t protected, you will be liable for damages.
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聽Myth No. 2: Life Insurance is for the Sole Wage Earner
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聽Yes, this is a summertime problem. In summer, the kids are out of school, so a spouse who takes care of the kids is going to be working double time. While this is not paying work, it is a job that would have to be replaced if the homemaker were to die. The sole wage earner would have to pay for additional childcare, food preparation and more. So avoiding life insurance for a non-working spouse can be very risky.
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聽Myth No. 3: You Don’t Need Additional Car Insurance
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聽Summer is also the time of the summer job. If you have kids of driving age, they will likely be using the car more often: to see their friends, to go to a job, or both. It’s possible that you are not covered for an additional driver, you will be liable for damages. This is especially important if the car is used in a business capacity, rather than personal, such as a delivery job. Check with your agent to see if you’re adequately covered for additional use of a car.
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聽Myth No. 4: Travel Insurance is Not Necessary
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聽Vacations can be so expensive that travelers don’t want to add the extra expense of travel insurance. If your trip is canceled for some reason, such as illness or injury, then you won’t get any of your money back with adequate travel insurance. Don’t rest on the coverage from a credit card, as this coverage is fairly limited. Additional travel insurance is the safest bet.
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聽Myth No. 5: You Don’t Need Low Risk Insurance
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聽Being that summertime is the time of intense weather, all homeowners should be looking to get protection for weather-related problems. However, don’t just separate this by region. Just because the southwest is most susceptible to fires doesn’t mean you don’t need fire protection anywhere else in the U.S. You shouldn’t buy insurance merely based on the likelihood that something will happen. While obviously you don’t need extensive hurricane protection on the pacific coast, you still need protection from wind, rain and other issues that can hit anywhere.

Need Of Insurance Coverage For Toxic Mold In Homes
Posted by David Schneider

Toxic mold is one of the more controversial issues to hit the homeowners insurance industry. Mold in the home can lead to sickness and potentially make the home inhabitable. Time and again, homeowners have looked to their insurance company for restitution only to find that mold, toxic or not, is not covered.
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聽Slow Growing Toxic Mold in Homes
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聽The reason is fairly simple: mold grows slowly. Homeowners insurance normally pays out for sudden calamities: fire, theft, hurricane and so on. Because mold can take months to grow, it is declared to fall under the heading of maintenance. If the homeowner did not take precautions to fix this slow-moving problem then the insurance company should not be liable.
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聽That makes some amount of sense, but the problem with mold is that by the time a homeowner recognizes that it’s a problem, the mold has usually spread pretty severely. A homeowner could potentially get sick before he or she even realizes that the mold has built up. This is not necessarily due to negligence on part of the homeowner.
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聽However there are things that homeowners should do to prevent mold from becoming a problem. Before you ever buy the home, it should be thoroughly inspected for mold. This is especially important for flood-ravaged areas or in places with high humidity. Keeping the home clean is essential, as is repairing the roof, as this can lead to leaking. Finally, an air purifier specifically designed for mold can help keep an area mold free if mold has been detected.
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聽Toxic Mold and Homeowners Insurance
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聽The question though is will any of this be covered by insurance. The answer is yes and no. Some homeowners insurance polices explicitly state that mold is not covered. If this is the case, you will need extra coverage. At the very least, you need to take the above steps to help eliminate mold. If you have a thorough inspection of the home by a toxic mold specialist this will help lower the premiums on homeowners insurance, if the policy does indeed include protection against mold.
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聽Don’t just assume that mold is covered, as a number of homeowners insurance policies will not contain toxic mold coverage. This is true if you purchase flood insurance or other type of coverage. Normally, you won’t be able to purchase mold-only coverage, but mold coverage will be part of a more general policy. It’s always important to ask your agent about your current coverage and if any additional coverage is necessary, especially if you live in a region that is susceptible to mold. The majority of homes are in the Southeastern U.S., but mold protection may be needed in Northeastern, Midwestern, and Western homes as well.
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聽Be aware that this is no small issue. If left untreated, mold can be as damaging to a home as fire, so it is very important to seek out coverage. When you factor in that it can also be a potential health risk, you should not only find insurance protection, but also take ample precautions to ensure that the mold never takes hold in your home.

Tips For Preparing For Hurricane Season
Posted by David Schneider

No doubt hurricanes are more in the public eye. Hurricane Katrina really changed people’s view of weather and how a climate disaster can strike at any time. Immediately following Katrina, there was a clamoring for new homeowner’s insurance, as homeowners looked to get protection in areas where hurricanes are a threat.
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聽Lowering Premiums for Hurricanes
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聽With an increased risk of hurricanes, there are also increased premiums. If you live on the coast of Louisiana, Florida, North Carolina or other hurricane-heavy area, you’re going to be looking at some fairly high premiums for hurricane damage. As time goes on and hurricanes potentially increase in magnitude and frequency, this will also factor into how premiums are set.
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聽Short of moving inland, there are steps you can take to be prepared for hurricane season. It’s not just a case of lowering homeowners insurance premiums, but preparing you and your family for the worst. If there’s also a potential financial reward through lower premiums, then all the better.
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聽The two main threats in a hurricane are wind and water. Secure windows and sliding glass doors with plywood. Put the car in the garage and secure any boats and trailers. Keep all valuables away from windows and door, perhaps in a central room. Making a detailed inventory of all your belongings will help with an insurance assessment after the hurricane is over.
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聽Once these things are done, you need to assess if it’s wise to stay in the home or relocate. If you decide to stay, be aware that you may be without access to food, water, electricity, and phone service for a while after the hurricane is over, so stock up. If at all possible, look into staying with relatives inland or at a community shelter. When you leave the home, lock it up tight.
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聽These tips are more designed for personal safety than lowering premiums. If you install a burglar alarm on your home, it can lower your premiums for theft insurance. Effectively boarding up windows will not necessarily lower premiums in the same manner, but if there is less overall damage this can effect how much you pay in the future. Heightened claims can lead to heightened rates.
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聽Purchasing the right Hurricane Insurance
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聽One of the major mistakes homeowners make is not purchasing adequate insurance for hurricane-related damage. For instance, if you merely have flood insurance, this may not be sufficient. Most homeowners flood insurance policies do not cover damage from rising water, so you will have to purchase separate insurance via the National Flood Insurance Program. This type of insurance takes 30 days to be activated, so buying insurance right before a hurricane is about to hit is not advisable.
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聽You should look into purchasing separate windstorm insurance as well. The powerful winds of a hurricane can rip a roof apart. As mentioned, securing doors and shed outdoors can reduce the amount of damage from wind. You couldn’t possibly protect from everything in a direct hit from a strong hurricane, but you can lessen the amount of damage, and your liability, considerably. An additional type of coverage, called Law and Ordinance coverage, is for bringing buildings up to code after a hurricane hits. In hurricane-heavy areas, you should look into one or all of these policies.

Burglary And Your Home Owners Insurance
Posted by David Schneider

Nobody wants to be burglarized, and nobody wants to pay the ceiling for homeowners insurance. Getting a home burglarized can add insult to injury for a homeowners insurance policy, as not only do you have to absorb the cost of the theft, but you have to potentially pay higher premiums as well.
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聽But before you ever get to this point, it is important to correctly value your home and its belongings in order to set an adequate home owners insurance policy. The unfortunate fact is that crime is on the rise and burglaries are up. In some locations, burglaries are much more common than others. Wherever you live, it is important to assess the value of your assets before a home is ever burglarized.
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聽The opposite approach is an attempt to assign a value to items after the fact. This can be very inaccurate. In some cases, a certain item will be undervalued. In other cases an item will be overvalued to such an extent that it borders on insurance fraud. Setting up the basics of a policy beforehand avoids either of these issues. This means a strict itemization of everything in your home. Can you possibly guess how many pieces of jewelry are in a home and how much each is worth?聽 The answer is most probably no, so it’s a good idea to have your assets appraised.
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聽Securing Home Owners Insurance with Your Assets
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聽Appraisal should be undertaken before you even apply for homeowners insurance, as it will affect how you compare homeowners insurance policies between different lenders. A mere guess about net worth can severely affect the terms of a policy. Supporting an appraisal with itemized receipts, as well as photographic evidence of those items, can both help with securing a reasonable home owners insurance rate. It can also help determine payment after a burglary takes place.
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聽Normally, home owners insurance is 80 percent of the value of the home, structurally. This does not factor in assets as well, so this will add a separate valuation.
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聽Adding Anti-Theft Devices for Home Owners Insurance
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聽Just like adding anti-theft devices can lower the premiums for car insurance, adding a burglar alarm to a home can lower the premiums on homeowners insurance as well. Certainly this is an extra expense, which could offset what you gain from lower premiums. But it is no doubt better to be safe than sorry. This is especially true if you live in a high-crime area with a number of valuable assets. It’s recommended that you install a burglar alarm before setting up the initial home owners insurance policy, rather than waiting till after a burglary.
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聽You’ll need to factor in the degree of the crime in your area when securing a policy. Just as people need extra insurance in areas where there is an increased threat from fire, flooding, hurricane or something else, so too do people in high crime areas. However, every home is at some risk of theft, no matter where it is located, so theft protection is recommended, especially for a home with highly valuable assets. If crime is of a major concern, shop around between life insurance policies for those companies that offer the best rates on theft protection.