Experience Matters: Your Age and Auto Insurance It isn’t so much about age as it is experience. A single, male driver, even with a single vehicle and a perfect driving record, pays the most for his auto insurance between the ages of 16 and 23. Due to his lack of experience as well as his youthful attitude, studies show that he is most likely, of all age groups, to get into an accident. Because he falls into the category of customer who most often files a claim with the insurance company, it makes sense that he pays a higher premium. Though the male driver is,Read More →

How Your Homeowner’s Insurance Covers Your Personal Belongings in Case of a Fire You should periodically review your homeowner’s insurance policy declarations page so that you are aware of your coverage limits. Homeowner policy coverage is divided into the following areas: Coverage A refers to the primary amount of coverage for your home. Coverage B has to do with other buildings or objects on your property, such as fences, sheds and other such items. This limit is normally 10% of your primary coverage. Coverage C regards your personal belongings. This generally means anything which is not nailed down, including furniture, clothes, jewelry, TVs and soRead More →

Most car insurance policies obtained in the U.S. limit you to coverage while driving across the country. These policies typically don’t cover you when driving in foreign countries such as Mexico or Canada. If you have a vacation home in either one of those countries, and keep a car handy for getting around, you’ll need a policy from an agent inside the country for the right coverage. For small jaunts, you can get a policy that covers the period when you plan to visit. Your Insurance Company Contact your insurance provider or shop carriers to find someone who offers you short-term International insurance coverage asRead More →

Under the Affordable Health Care Act, referred to by many in the news as Obamacare, state health care exchanges will be set up by the year 2014. These health exchanges are set up so that small businesses and individuals can compare all of the rates available for health care plans. Because these exchanges are a legal requirement, many insurance companies are trying to get in on the ground floor, so to speak, so that the law doesn’t leave them behind. Why The Move Toward State Exchanges? The purpose of state exchanges is to help those who might have difficulty getting insurance at reasonable rates toRead More →

When people buy new homes, they pay for their home insurance and sit back comfortably thinking that they are covered for any eventuality that may occur. It is important that you read the fine print of your homeowner’s insurance policy and see if you are covered for natural disasters such as hurricanes, fires, flash floods, etc. You may be surprised to see the scope of your insurance cover does not cover some of these events. For example, you may find that your home is covered against all damage caused by rain, and in some cases this may not cover other forms of flooding. This meansRead More →

Which Are The Most Expensive Cars To Insure? The difference between the costliest and cheapest car to insure may be brought about by a number of aspects. If you think your car coverage is high, then you may need to know how expensive cars cost in terms of insurance. It is certain that the difference between the cheapest and most expensive vehicles to insure could total up to thousands of dollars every year. Based on mainstream cars and not exotic cars, insurance coverage can be increased by various aspects such as the vulnerability of the car to get involved in accidents and the cost ofRead More →

High Mileage Cars -What Insurance Coverage Is Needed? Besides the set regulations, one other aspect that compels you to insure your car is the value of the vehicle. Since you have invested heavily in your car, it means that if it is damaged, you will be dealt a blow especially if you have no insurance coverage to protect you from incurring repair or replacement costs. However, the value of a vehicle starts depreciating when you take it out of the car dealer yard. So how do you determine the correct amount of coverage so as to maximize your potential savings, yet help to mitiage theRead More →

Every person who is over the age of 18 has a credit history which in turn gives them a credit score. In a world that is fueled by technology, retrieving a person’s credit score takes less than 30 seconds. This can impact the car insurance premium rates that drivers are assessed. Each insurance company uses a formula to determine risk and premium rates. Car insurance companies want to minimize the amount of risk that they expose themselves to. This is why a person who has a clean driving record has lower car insurance premiums than the person who knows their claims adjuster’s name and numberRead More →

These days, so many insurance companies are trying to get your attention so that you’d enlist with them. It’s understandable if a driver like you would want to just get the cheapest policy you can find so that you can finally get to drive your car. But although this kind of selection policy is certainly easy and simplistic, it isn’t exactly smart. You may find out to your misfortune later on that you’ve wasted your money by getting the cheapest insurance policy you can find. First, Determine the Amount of Coverage You Need Each particular location or state has laws mandating the level of coverageRead More →

When in doubt, go for RCV Insurance to get a better payout that ACV insurance, we will explain how the two policies are different, and which one you are most likely to receive a larger settlement from when you have a loss. Having insurance always gives an individual the peace of mind of knowing that in the event of a disaster or accident, they dotn’t have to worry about paying out of pocket to replace or repair items that are damaged. This is what makes RCV (Replacemen Cash Value) insurance so beneficial. Find out why having RCV insurance is worth its weight in gold, andRead More →