Archive for the ‘insurance rates’ Category

How much does filing a claim raise your insurance rates?

Monday, March 15th, 2010

My son was in an accident a few months ago in which the guard rail was damaged. He was driving someone elses truck. The state wants to either file this against my sons insurance, under the liability part, or for my son to fork over $5,000.00 for repair. My question is, will placing a claim raise his rates? He has had a couple of tickets since he was rated for this policy, including an open container, and I am afraid if we file, they will look at all this and either drop him or raise the rates through the roof. Any advice from an insurance point of view, or any other point of view would be appreciated. We are really just wondering whether it would be cheaper to pay the increased premiums or to pay the damages. HELP!

To begin with, insurance follows the vehicle. If he was driving someone else’s truck, they should be charging the insurance in place on that vehicle. However, since you son caused it, it should want to pay his friend back for his losses. Considering the amount, and the very strong possibility of your rates going way up as a result of anything you do, I’d suggest you contact an attorney and discuss it with him before you make any decisions.

Where can I find a list of insurance rates by make/model?

Saturday, March 13th, 2010

I am looking to buy a used car, but I want to make sure that the insurance isn’t sky high. I do not know what kind of car I want right now so I do not have any information to enter in a car insurance search. Where can I find a list of cars that typically have the lowest insurance rates?

Rates can be effected by the type of vehicle. But, no two policies are the same. You can either contact many agents (which an agent is only affiliated with 1 company), or contact a producer/broker (who works with various carriers in one quote). THan you can play with different options and see the difference. Each insurance company will rate better for specific types of vehicles. So no two companies will be the same either.

How long do car accidents affect my insurance rates?

Thursday, March 11th, 2010

I have heard that accidents and tickets will affect car insurance rates for five years. I was in an accident four years ago, that was determined to be my fault. Now, my (old) insurance company just settled this claim. Is this going to affect my rates for five years from the settlement date or from the date of the accident?

totally depends on company & specifics. in your case, from date of accident, i think. i had a minor accident (w/ my own garage!) & it was only 2 years.

I’ve found some helpful info here too:

http://car-insurance.66ghz.com

Have a nice day.

Counting the Cost – Insurance industry jitters – Part 1

Wednesday, March 10th, 2010

There have been some interesting movements in insurance in the last week or so, most notably the impending purchase of AIG’s Asian business by British giant Prudential. Counting the Cost looks at the impact this news has had on Prudential’s share price. Plus, why the slogan “the car in front is a Toyota” really could not be truer in Middle East.

Duration : 0:14:37

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Where can I find out insurance rates for US postal services with letters to the UK?

Tuesday, March 9th, 2010

Each envelope would contain an item worth around the $30 mark, but as they would be going international I want them to be insured. I can find UPS rates, but not USPS rates for insurance.
I looked at the Express mail, but I noticed a bit of small print which says that certain items are excluded from their insurance, jewelry amongst them, which is one of the things I do want insurance for.

Look at USPS’ website…you may be able to get "insurance" for doing registered mail….

www.usps.com

Additional information:
http://pe.usps.gov/text/imm/immc3_005.htm

321 Description

Insurance is provided against loss, damage, or rifling for Priority Mail International parcels. Compensation varies according to the fee paid. For parcels delivered to the addressee in damaged condition or with missing contents, payment is made to the addressee unless the addressee waives payment, in writing, in favor of the sender.

http://pe.usps.gov/text/imm/immc3_006.htm

322 Availability

Insurance is available only for Priority Mail International parcels and only to certain countries. See Individual Country Listings. Insurance is not available for the Priority Mail International flat-rate envelope.

http://pe.usps.gov/text/imm/immc3_007.htm

323 Fees and Insured Value
323.1 Insurance Fees

The insurance fee is in addition to postage and other applicable fees. See Individual Country Listings.
323.2 Insured Value
323.21 Maximum

The insured value (insurance coverage) of a parcel may not be more than the maximum allowed for the country of destination. See Individual Country Listings.
323.22 Insured Value vs. Declared Value

The insured value (insurance coverage) of a parcel may not be more than the declared value of the contents. However insured value may be less than declared value depending on the wish of the sender.
323.23 Computation

The insurance fee is based on the insured value.

http://pe.usps.gov/text/imm/immc3_008.htm

324 Processing Requests
324.1 Mailing Receipt and Insurance Number
324.11 General Use

All Priority Mail International parcels must be numbered. PS Form 2976-A, Customs Declaration and Dispatch Note — CP 72, and the cash register receipt issued at the time of mailing will serve as proof of mailing and proof of insurance. Volume mailers may use PS Form 3877, Firm Mailing Book for Accountable Mail, as the sender’s receipt.
324.12 Accepting Clerk’s Responsibility

The accepting clerk must:

1. Indicate on PS Form 2976-A the amount for which the parcel is insured. Write the amount in U.S. dollars in ink in the “Insured Amount (U.S.) block.”
2. Convert the U.S. dollar amount to the special drawing right (SDR) value and enter it in the SDR value block. For example:

INSURED VALUE
$100.00 (U.S.)
68.60 SDR
3. See Exhibit 324.12 for a table showing the conversion of U.S. dollar values up to $600 to SDR equivalents. To determine SDR equivalents above $600, multiply the insured amount, rounded up to the next full dollar, by the conversion factor of 0.6860.

Note: Use the following rates when converting between U.S. dollars and special drawing right (SDR) values:

$1 U.S. = 0.6860 SDR

1 SDR = $1.46 ($1.4577 U.S.)
4. Write a bold capital “V” in the space provided for the insured number as an indicator that additional insurance was purchased.
5. Indicate special contents for fragile liquid and perishable items.
6. Round stamp PS Form 2976-A in the appropriate place on each copy.

324.13 Sender’s Responsibility

The sender should enter name and address of addressee on mailing receipt and retain it. The receipt must be submitted if the sender wishes to make an inquiry about or file a claim for an insured parcel (see chapter 9).
324.2 Marking

The sender has the responsibility to do the following:

1. Mark parcels containing fragile or perishable articles with the appropriate endorsement — e.g. “FRAGILE,” “PERISHABLE,” “GLASS,” etc.
2. Enter the insured amount in U.S. currency (figures only) in the appropriate space on the customs declaration.

324.3 Postmarking

1. Postmark item at the time of acceptance showing the full name of the Post Office facility two–letter state abbreviation and ZIP Code if authorized and the date of mailing.
2. Postmark at all breaks (cuts or torn edges) of any gummed–paper strips used in sealing parcels.

324.4 Sealing

All insured parcels must be sealed.

Basically, do a search on USPS for "insurance" and "international"

Hope this helps…

And you can’t insure an envelope – it has to be some type of parcel…

State Mandates Driving up the Cost of Health Care and Redistributing Wealth!

Sunday, March 7th, 2010

http://bytestyle.tv/node/103

Aside from being UNCONSTITUTIONAL, HR3200 will have serious implications for small businesses, the backbone of the U.S. economy. In this video Shelly gives a common sense, layman’s explanation of the hidden costs in our insurance premiums mandated at a state level. I AM PAYING FOR WHAT?!!

Remember, government regulations, and lack of enforcement of the COnstitution currently constricts competition across state lines, driving up the cost of insurance. Tort reform should be a consideration…and of course the immoral, unconstitutional Federal Reserve devaluing our currency since 1913!!!!

PLEASE SHARE THIS VIDEO!!

Need a domain or website for business? Family? Personal? http://www.DomainSolutions.ws

Duration : 0:2:21

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Where can I find the best business insurance rates?

Sunday, March 7th, 2010

My friend and I have a photography business. We are trying to find the best business insurance rates, especially for equipment and health?
Additionally, what questions should we ask when looking for business insurance.

Try using yellowpages.com to search for group health insurance brokers in your area.

Don’t call your auto and home agent they specialize in property and causality insurance. You need someone that specializes in health insurance.

A Broker represents multiple carriers and can help you sort through all the different insurance companies and plan options in your state

What are the requirements that a small business needs to meet to get group health insurance rates?

Friday, March 5th, 2010

I own a small business and would like to give my employees more benefit options. I’ve tried to research insurance plans online, but every insurance site just wants me to call in to find out. Do any of you know? Are group health insurance rates a lot cheaper than regular rates?

The larger the group the cheaper the rates because they can spread the risk. If you have a professional Association they might offer group plans. You need at least 10 employees to participate in most places otherwise. The rate will be a little high but it benefits employees that might not be able to get insurance otherwise. IE preexisting conditions (cancer,kidney disease,etc). Good luck.

Healthcare Debate’s Hidden Costs

Thursday, March 4th, 2010

Every day that Washington drags out the healthcare debate, the American economy pays. Health insurance premiums for employers skyrocketed 114 percent from 1999 to 2007. Anthony Mason reports.

Duration : 0:1:50

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Will my auto insurance rates go up in a single car accident?

Wednesday, March 3rd, 2010

Have had a perfect driving record for 20 years, last week on my way to work, hit black ice, and car overturned in the ditch – car was a total loss. Do you think my rates will rise? No injuries or property damage, just a totalled car from the crash. Have been with the same insurance company with no previous claims the past 10+ years.

It really depends on the insurance company. In most cases no, but some of them can be pretty strict.

And check out this site, if you want to find your best or cheapest auto insurance rates just in few minutes,

http://Cheap-Auto-Insurances.info/

Here you can get free quotes from different auto insurance companies in your area, its the best way to find an affordable auto insurance with a reliable company.

Hope this help,