Everyone loves a good deal, but when it comes to buying auto insurance, the lowest price may end up costing you more than you bargained for. An increasingly common scam involves the sale of “cheap” auto insurance to unsuspecting consumers. Scam artists are drawing in unsuspecting consumers by advertising auto insurance at rock bottom prices.
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What is the difference between comprehensive, collision, and uninsured motorists coverage? My policy does not allow me to have both collision and uninsured/underinsured coverage at the same time.
Collision – Pays for damage to or the loss of automobiles from upset or collision with another object. A deductible applies.
Comprehensive – Pays for damage to or the loss of automobiles from perils other than collision. i.e, animal loss, hitting a deer, vandalism, nature, etc. A deductible applies
Uninsured Motorist Bodily Injury (UM) – Protects you for injuries you sustain, resulting from an uninsured driver.
Underinsured Motorist Bodily Injury (UIM) – Protects you for injuries if the at fault driver does not carry enough coverage. (Example, your bills total $25K but their policy limit is only $20K, you can then claim the remaining under your auto policy)
Uninsured Motorist Property Damage- Protects you for damages to your vehicle resulting from an uninsured driver.
Some states state that if you carry collision coverage, you cannot carry UMPD.
However, no state can deny you UM or UIM (for your injuries)
I want to buy a harley davidson sportster and want to know if it would be unlawful to not have motorcycle insurance in colorado.
Even if the law does not require it, BUY IT ANYWAY FULL COVERAGE WITH UNDERINSURED/UNINSURED MOTORIST PROTECTION. Why? I had my first wreck ever in 37 years last June and they had only $25,000.00 in insurance which is $5,000.00 more than the minimum but my attorny is still fighting to cover all my bills, just 24 hours in the hospital cost $28,000.00 and they paid $8,000.00 on my Yamaha Silverado whjich I used to buy a Harley Sportster 883.as a replacement bike. My helmet is the only thing that saved my life as i flew over the car and landed face first on the hot Texas pavement. Especially on a Harley buy insurance. It does not cost that much.
I have Safeco insurance. Just wondering how they decicide how much your insurance rates increase after an accident.
It does depend on whether or not you were more than 50% at fault(most states) for the accident and the amount of damage caused to both vehicles. A Minor accident is usually consider to be payment of more than $500 exclusive of the deductible. A Major accident is payment of more than $2000. You might want to check your states point system. You can probably find info at your RMV’s website
I recently started a home internet based business. When I was just starting out I went without insurance for a while. Now that things are going well I would like to buy a life insurance policy.
There are a ton of life insurance sites, but most of them seem biased or focused on an individual provider. Where can I find a good life insurance quote site that is unbiased or gives me quotes from a wide array of services?
Also, are there any good tips for saving money buying life insurance for small business owners?
As a life insurance agent who deals with insurance day in and day out I appreciate your frustrations from looking at thousands of insurance sites. My site
http://www.smartlifeinsurancequotes.net addresses these issues.
The following are five of the most common mistakes consumers make when buying life insurance.
1. Selecting term life insurance solely because it’s cheap.
Shopping for life insurance by just comparing premiums is asking for trouble. You should compare company ratings to determine financial strength and policy features, such as convertibility options. While the policy’s premium is certainly a factor, ensuring that your policy matches your financial goals is more important.
2. Not understanding that term life insurance is temporary.
That’s why it’s called "term" insurance — because you buy it for a set period of time, most commonly 20 years. This is fine for a temporary need, such as insuring yourself until your mortgage is paid off or funding your children’s college expenses in the event of your premature death.
A 20-year level-term life insurance policy you bought when you were 30 would expire when you’re only 50. At that point, you still might need to carry insurance, but your age and health conditions might make it impossible or very expensive to do so. At least, if your policy has a convertibility option you can get coverage, it just might be down right unaffordable.
3. Buying from a less-than-stable insurance company.
Don’t be afraid to ask about an insurance company’s ratings. You can also look for an insurer’s Standard & Poor’s, Moody’s or A.M. Best ratings on the Internet.
There are many insurance carriers with high financial ratings (A+ or better) so you shouldn’t have to buy insurance from a lower rated company. But, keep in mind that ratings can and will change, so ratings alone shouldn’t be your only consideration.
4. Buying life insurance coverage based on a set formula.
You may have heard that a good rule of thumb is to buy life insurance coverage equal to 10 times your annual salary or 10 times your beneficiary’s annual financial need. The idea is that if your surviving beneficiary invests the life insurance proceeds in the stock market (getting an average 10 percent annual return), they’ll have a steady income stream and never need to tap the investment principal.
While this formula isn’t a bad place to start, everyone has different needs, so don’t assume that 10 times your salary is what you need to carry in life insurance. The best advice here is to sit down with a knowledgeable agent that will take the time to learn about your needs.
5. Failing to regularly review your policy.
Is your former spouse still the beneficiary of your life insurance policy? Did you buy term insurance to cover you while you pay off your mortgage? If you refinanced during the latest rate drop and restarted the clock on your loan, you might also need to update your insurance term. Life definitely has a way of throwing changes your way. Just make sure your life insurance changes along with you.
Also when shopping on the internet for insurance be careful of sites that are there purely as lead generators because these sites just sell your informations. But, there are plenty of legitamte and trustful site on the internet than one can purchase insurance.
You can tell the good from the bad by taking these steps.
1- do not put information in a from unless you actually get a real quote.
2- look for site that have a phone number with real agents that answer the phone.
3-If the sites says get quotes from multiple agents then the site is selling your information as a lead service.
Sites like http://www.smartlifeinsurancequotes.net can serve as an excellant resource to start your online life insurance shopping. They have agents that you can speak to or email. You can get quotes from over 140 companies with a robust data base.
They are many sites like these but you have to do you research. Like anything else there is the good and bad and the internet is the best place to start your search.
Good luck
Insguy
where can i get a restaurant fire insurance quote?
From different insurance companies.
Call some of them, and they will send someone out to give you a free estimate.
Everyone likes their health insurance so much there must be plenty of good companies out there. I’m looking for an option besides the government option. I’ll even try your insurance company if you are really happy with them. Please provide me with the name of the company and what you like about their service.
I would like to compare several policies (I assume they are all different) before I decide.
Also, if anyone could point out the differences in policies between different insurers that would be very helpful. Thanks.
Get an insurance broker. They’ll do all of the leg work for you and provide you w/ the best options based upon your needs and budget.
It’s worth it…too many people think they’re covered and find out they’re not w/ the policy they picked.
I have Blue Shield Active Start 35 — it’s a catastrophic plan but works well. It mitigates my risk to a maximum of $7500/yr — something I can probably handle if I hit that threshold.
Many people are also adopting HSA’s (Health Savings Accounts) in conjunction w/ their PPO’s/HMO’s. Doing so allows you tax-free access to money that is pulled from your pay-check on a monthly basis to pay for any deductibles/bills you may encounter w/in the year. At the end of the year, you can spend that money on health related items tax-free. Go to a Rite Aid or CVS pharmacy and load up. The Broker will help you maximize the benefit of that as well — in conjunction w/ the insurance policy. Be smart.
I received a few services from the hospital many months back and had no problem w/ billing/claims. They even picked up the phone when I called to ask about a separate bill that showed up a week after I paid the rest.
In addition, I was charged in-full for an MRI b/c I didn’t get authorization beforehand. After a brief 2 minute conversation w/ customer service, they apologized for the inconvenience, reissued the bill as if they had pre-approved it, reminded me to get approval next time and sent me my bill for the deductible.
i need car insurance. my price will have to be under 100 a month. Is there any good insurance places that i can get hooked up with. i’ve only had a license for almost 2 years. i need a good down payment price like 150 and under.
Try this site
http://www.usainsurancequotes.net/
here you can compare quotes from different companies.
I am in Galveston, TX and I am looking to host a large outdoor fundraiser for a non-profit organization. What type of insurance will I need to cover the event? Where can I look to find more details and how much does this insurance usually cost? Thanks!
The non-profit organization should have a general liability policy, if they don’t they need to get one. This policy can include events either within the policy or as a rider to the policy. The cost will be highly dependent upon the size of the organization, what they do, where they hold meetings and events, how often they hold meetings and events, and the size of those meetings and events. You can get a policy for as little as $200-$300 per year for small organizations up to over $10,000 for large organizations. You’ll want to visit a local independent agent that deals with commercial policies.
There is a commercial with a chunky dude air-drumming in his car and I can not remember for the life of me what the song is that’s playing – it’s an old prog rock song from the 70s/80s and it sounds like they are saying "how long…how long" or "power, power" The end of the commercial says something like "its your private time in the car insurance"
Thank you!
"Point Of Know Return" by Kansas.
http://www.youtube.com/watch?v=o-R8gHj_7v8