|
| Thursday, October 28, 2010 |
| Home Insurance |
Why do we need homeowners, condominium, or renter insurance?
Insurance can help you with your peace of mind, knowing that in the event of a covered loss, your damaged home will be rebuilt and your destroyed belongings will be replaced. Types of coverages include:*
Dwellings and other structures
For most of us, our home is the single largest investment we will make. Homeowners insurance provides coverage for damage to your home and other structures on your property such as a shed or detached garage. For townhouse owners, your townhouse and separate structures are covered for almost any type of damages except for a few common exclusions, such as wear and tear, earth movement, flood, nuclear hazard and earthquake.
Dwelling Improvements, Alterations, and Additions
Condominium owners are covered for accidental damage to improvements you make in your unit for which your association's policy does not provide coverage, subject to your condo insurance policy limits.
Loss assessment
Condominium owners will also receive up to $1,500 for assessments arising from covered damage. This can be used to pay for your share of property damage or injury awards for which your association's policy does not provide coverage. Typically, up to $50,000 is available, but this may vary depending on your policy.
Personal Property
Homeowners, condominium, or renters insurance also provides coverage for your household contents and personal belongings. You may think your couch, coffee table, sweaters, shoes, coats, TV, VCR and CD player aren't worth a lot, but those items all add up when you have to replace them.
Personal Liability
Finally, in the event someone is injured on your property or you damage property that belongs to others, you could be held legally liable for the injury or damage. A homeowner, condominium or renter policy provides liability coverage and personal property insurance should this ever occur.
*Only up to the limits of the insurance coverages purchased.
What if I don't have insurance?
Without insurance, you'll be responsible for protecting your property, possessions and liability exposure.
For instance, if your house burns down or is destroyed by a tornado, you'll need to rebuild your home and replace all your damaged possessions with only the funds you have or can obtain. Do you usually have $500,000 readily available in case something like this happens? If so, could you be putting that money to better use instead of having it sit there just in case something happens?
Something else to consider: if someone is injured on your property, they may sue you for injuries and damages they sustain which may be well beyond $1,000,000. Without insurance, you may have to liquidate your assets and even lose a portion of your wages if you need to pay for a judgment.
Available Discounts
All this discounts depending on your state, you may be eligible for a variety of home insurance discounts.* Find out what discounts are available in your state. |
posted by chalsie @ 7:30 PM  |
|
|
|
|
| Auto Insurance |
Auto insurance helps you to protect you and your family against financial loss in the event of an accident or other cause of loss. It covers the injuries and damages caused by an accident and for which you are legally responsible. It may also cover the costs of repairing or replacing your vehicle if it is damaged or stolen.
What if I don't have car insurance?
In most states, you're required to carry a minimum amount of liability insurance (or post a bond) and also provide proof of insurance before you can license your vehicle or renew your driver's license. If you are caught driving without car insurance, you may have to pay a large fine, have your driver's license suspended, and/or have your car impounded. Contact your local Farmers agent to find out what the specific requirements are in your state for car insurance quotes.
How much Auto insurance coverage should I purchase?
The required minimum coverage may not be enough to pay for all the damages that result from an accident, and the legally responsible driver will have to pay the additional expenses out of pocket. You may want to speak with an agent to discuss the best auto insurance coverage for your needs and budget.
How can I keep my auto premiums down?
Generally, the longer you drive without major citations or accidents, the lower your premium will be. You may also qualify for discounts based on safety features on your vehicle |
| posted by chalsie @ 7:10 PM |
|
|
|
| Sunday, October 24, 2010 |
| Life Insurance |
Life Insurance
Simple philosophy: Insure Today. Secure Tomorrow.
Life insurance gives your loved ones financial security after you're gone. You pay a monthly premium, and if the unexpected happens, your loved ones get a death benefit they can use for things such as medical bills, funeral expenses, outstanding mortgage, college tuition and even living expenses.
You can feel confident today knowing your family will be secure with the life insurance policy that you choose if they ever have to make it on their own.
Options of life insurance
Term Life Insurance: This coverage lasts for a "term" you choose, usually 10, 15, 20, or above years. During that time, your life insurance premiums are guaranteed not to increase. If you pass away during that time period, your beneficiaries get a cash death benefit. If you live longer than the term period, you have the option to continue your life insurance coverage for an annual, renewable premium, which is generally much higher. You can usually convert a term life insurance policy to a permanent life insurance policy without getting a new medical exam. Get a term life insurance quote now.
Permanent Life Insurance: There are two big ways that permanent life insurance is different from term life insurance. First, the policy is meant to last the rest of your life the required premium . Second, part of the money you pay into your permanent life insurance policy is set aside in an account where it can grow cash value that you can tap into later on. There are several types of permanent life insurance, each with different advantages.
|
| posted by chalsie @ 9:20 PM |
|
|
|
| Saturday, October 23, 2010 |
| Be Smart |
You could select the best insurance plan according to your need and requirements after reading this insurance articles. Be insured stay secured forever and live the life happily. However, it is not just by getting any service provider. In order to select the right insurance provider for you, you need to ask at least some questions. How do insurance companies cope with credit crunch? Why should you go in for life settlement? What are the main reasons why you should get an insurance policy? So the insurance is related to the protection of the economic values of assets have been created through the efforts so it is valuable to the owner.
A human being is an income generating asset. One's income generating ability depends on one's skill. These can be lost unexpectedly may some reason and for future plans after his retirement also need insurance. Living too long can be much a problem as dying too young. Both are risks, which need to be safeguarded against. So insurance take care not only life also assets like autos- home- animals- accidents and other specified assets. |
| posted by chalsie @ 4:50 AM |
|
|
|
|
|
