Oct 09
7:43 am

How families can save money on auto insurance

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So your teenagers have come of age and finally obtained a drivers license.  Before you stress out at the possibility of expensive auto insurance premiums, consider some of these tips for saving money.  Premiums for new, young drivers are extremely high, as insurance companies see young drivers as a liability until they come of age and prove themselves.  As a result, parents end up paying more for insurance than they did for the actual car.
Buying your new driver a separate car insurance policy is the most expensive option, and does not save you any money in the long run.  The best option is to add your children to your personal policy.  Verify that your policy covers them for all situations.  For example, is your child going to work in your vehicle?  Are they covered for accidents on the job?  Are they covered at all times of the day and night?  It is better to answer these questions before you add them to the policy rather than face the charges later.
Your family may be eligible for various discounts depending on your situation.  Insurance companies offer discounts to college and straight A students.  If your child makes the honor roll or enrolls and goes away to college, you may be eligible for a discount. 
Drivers with good records are rewarded as well.  The safer driver you are, the lower your premiums.  Also, a good credit score can help to lower family insurance premiums so be sure to mention these details when speaking with an insurance representative. 
The location of your car will also make a difference on your premiums.  If you live in a largely populated city, you will pay more than someone living in a rural area, or someone who has a garage to house their cars. 
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Oct 09
2:16 pm

The Five Things You Must Know Before Buying Boat Insurance

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If you own a boat, you definitely need watercraft coverage.

Too often, people don’t realize that they need coverage for their boats. Some don’t even realize that boat coverage is available. Many know it is available, and they think about it – they just decide that this type of coverage isn’t something that they need. In most cases, they are wrong! You do need boat insurance, and you need to know what you are looking for when you start shopping for the coverage.

Here are five things you must know before buying boat insurance.

1. Many states now require you to carry watercraft liability coverage.

This coverage will should protect you against any damage that you do to other people or other people’s property with your boat. The insurance should also cover you for losses due to theft, vandalism, storms, fire, capsizing, stranding, sinking, explosion, and collision. Call your insurance agent to find out what your state requires, and what their boat insurance policies cover.

2. There is optional coverage that you should strongly consider.

Wreckage Removal coverage is one type of coverage that you should consider. In most places, removal of sunken or wrecked vessels is mandatory, and it is the responsibility of the owner to pay for this removal – which can be quite expensive. This optional coverage will cover those costs. You should also strongly consider coverage that will pay for repairs and mechanical failure, as well as coverage that will pay towing charges should you need to be towed back to shore.

3. Not all insurance companies will cover all operators of the boat that you are insuring.

It is vitally important that you ask about this. Find out who is covered when operating the boat. Some insurance companies will only cover the boat owner as the operator for the rate that was quoted. The rate may go up to cover operators other than the actual owner. Make sure that the insurance agent clearly defines who is covered to operate the boat!

4. Most insurance companies that cover watercrafts offer discounts to people who have taken boat safety courses.

However, each insurance company will only offer the discount for specific courses. Find out which course your insurance company will honor, and make sure you take and pass the course! This will save you quite a bit on your premiums – and you need the safety course anyway! Find out what other discounts you may be eligible for as well. Most insurance companies won’t tell you about the discounts unless you specifically ask about them.

5. You will typically get the best rate from the insurance company that insures your automobiles and your home – but not in all cases.

When you are shopping for insurance, call your current insurance company first – but then check with other insurance companies to see what kind of rate you can get. While getting quotes online is very convenient, you should avoid actually purchasing your coverage online. Call and talk to an agent personally instead, or have them call you. Remember that insurance companies are in competition with each other, and they will work with you to get your business. Let each one know about the lowest rate that you have been quoted, and ask them if they can do better!

Before shopping for insurance, think about the investment that you have made in your boat.

Boats are not cheap! Repairing and replacing boats is not cheap either. Make sure that you get the coverage that you need to protect you against all losses involving your boat!

CopyRight Ian D. Major 2005.

Article Source: http://www.articledashboard.com

Ian D. Major makes it easy to understand Boat Insurance, quickly and easily. Learn all you need to know by visiting: www.the-boat-insurance-directory.com an entirely FR*EE source of information about Boat Insurance.

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Oct 09
2:15 pm

What Are The Different Types Of Boat Insurance Available?

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When shopping for boat insurance, you may be surprised to find that there are different types of boat insurance policies available. Many insurance companies will only offer one standard watercraft liability coverage policy, while others will offer optional coverage that you can purchase. In fact, if you have financed your boat, your lender may require you to carry specific optional coverage. There are several different types of coverage that you can add to your policy.

The standard insurance is the watercraft liability insurance coverage which is required by many states. This insurance will cover you in the event that damage is caused to another person or another person’s property by actions taken with your boat – whether it is during transport or on the water. Again, many states now require this liability coverage, and each state has its own requirements as to how much liability coverage you need to have. Check with your insurance agent to find out what you are required to have.

Watercraft medical payments coverage may also be required in your state. This coverage pays the medical expenses, up to a specific amount, for you and any occupant of your boat which results from a covered accident. Even if this insurance is not required, you should definitely consider it. Medical expenses are quite high. If you think that you cannot afford this coverage, think about whether or not you could afford the medical bills you will have in the event of an accident without the coverage.

Wreck removal and pollution coverage should also be strongly considered. By law, if your vessel is wrecked or sinks, you will be required to remove it. If oil or gas leaks into the lake, river, or ocean, you will be fined – just like the big oil companies are fined when they have spills in the ocean! These fines, as well as the wreckage removal and spill cleanup can be quite expensive without this coverage. Don’t make the mistake of thinking that something like this won’t happen to you!

You should insure yourself against uninsured watercrafts as well. This works just like uninsured motorist insurance when you purchase coverage for your automobiles. If someone who does not have insurance – or adequate coverage – collides with your boat on the water, your insurance will pay for the replacement of your boat, or for the needed repairs.

Towing and assistance coverage should also be strongly considered. Getting towed back to shore often costs more than having a car towed to a garage! Especially if you are out in the middle of the ocean! You should also ask about coverage to recover your boat and protect it from further damage after a mechanical failure or an accident. These costs do indeed add up. Again, don’t make the mistake of thinking that nothing bad will happen, and don’t make the mistake of thinking that you cannot afford the coverage. If you can’t afford the coverage, you certainly won’t be able to afford these expenses!

Most insurance policies should cover your boat, the motor, and the trailer used to transport the boat. Liability coverage isn’t the only type of coverage that you need in most cases. You should make sure that you protect your boat, just as you protect your automobiles with coverage that includes theft and vandalism, as well as losses caused by storms, fire, sinking, capsizing, stranding, collision, and even explosions. Talk with your insurance agent to find out what type of insurance is required by your state and what type of coverage they offer. Also talk with your boat dealer and lender to find out what type of coverage you are required to have as well.

CopyRight Ian D. Major 2005.

Article Source: http://www.articledashboard.com

Ian D. Major makes it easy to understand Boat Insurance, quickly and easily. Learn all you need to know by visiting: www.the-boat-insurance-directory.com an entirely FR*EE source of information about Boat Insurance.

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Oct 09
2:13 pm

Important Questions To Ask When Choosing Insurance Coverage

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When was the last time you sat down and actually thought about your insurance coverage? Let’s face it, it’s not exactly on the weekly “to do list” for a wide variety of reasons and soÂ… it’s not surprising that many are caught unprepared when an emergency happens. One thing to remember is that you don’t have to live in an area susceptible to a major disaster (i.e. living in an earthquake or hurricane prone area) to suddenly realize that your current insurance coverage is woefully out of date.

Purchasing insurance is clearly a daunting task for many, but because it’s more or less a necessary evil I’ve listed a number of key factors to consider when you finally do take the time to make sure your coverage is up to par.

Pre Existing Conditions and Full Disclosure
Before being approved for any insurance coverage all applications are looked at by an underwriter. It’s an underwriter job to pretty much look at everything about you related to your medical history, when you apply for any type of individual health insurance policy.

Be honest about everything and be sure to disclose any pre-existing conditions because in most instances the underwriter will find out about them anyway and if they do and you failed to mention them you could get denied coverage. And even if the underwriter doesn’t catch a pre-existing condition that you failed to mention and you do get approved you’re still not in the clear. The reason, if you ever file a claim before payment they’ll look at your history again and if they find out about your pre-existing condition at that time, not only will they deny your claim but you could also be guilty of fraud and have to pay a fine, maybe something even worse.

Although many companies will not insure pre-existing conditions, some will but only with a 30, 60, 90, and 120+ waiting period while others are legally mandated to carry “guaranteed issue” policies. Prior to signing on with a company, get a detailed list of what is considered a pre-existing condition, the exclusionary period and the type of coverage that will be provided once the exclusion ends.

Rate Comparison
Of course, rates are important but remember to get quotes on policies that have the same type of coverage. Get a copy of all quotes so that you can see the type and amount of coverage in each category and then make sure that every quote you get is based on those same coverage amounts so that as the saying goesÂ… you are comparing apples to apples. If you receive a quote that is way below quotes from other companies make sure it’s legitimate by asking how they can offer coverage at such a reduced rate. The answer may be that a particular company specializes in a particular type of coverage and so they offer it at a substantially lower rate but then againÂ… if it’s too good to be true then it usually is. So remember, a good dose of skepticism will carry you a long way.

Dealing with Independent Agents
Many independent insurance agents are truly a treasure chest of valuable information about the insurance industry as a whole but perhaps even more importantly, they can also provide you with feedback from other clients about a given insurance company, their products and customer service.

You’re the Boss So Have It Your Way
Because you and your family are the ones that will have to live with consequences of whatever coverage you decide to choose, it’s truly imperative that you think through your wants and needs before deciding on the type of coverage to choose. One question you may want to ask yourself isÂ… How important is it for you to the have the option of picking your own doctors? If it’s not an issue, then perhaps an HMO would be a good cost-saving option to consider. On the other hand, if you have a favorite doctor and come hell or high water you want to see them then you may want to consider the pricier PPO.

Regardless of what company you ultimately decide upon, it’s imperative that its products and coverage options can grow with you and your changing needs. As a result, a company that specializes in catastrophic coverage may not be the best course of action if you’re planning on having children.

A few other important factors to consider when choosing coverage are: add-ons, deductibles, customer service and rate increases.

Bundling or Add Ons
Combining or bundling multiple coverage’s together. If this is a feature that is important to you then you need to make sure it’s an option your insurance company offers. An example of bundling or “add-ons” would be to combine short and long-term disability, drug coverage or dental and vision coverage into a single package.

Deductibles and Co-Pay
Always look at and ask about the small print. A few good questions are, “What are you co-pay options” or “Is there an annual cap on the co-pays?” or “Do the caps cover any 365-day period or do they follow the traditional calendar year?”

You should always look into a companies standing with the Better Business Bureau and if it’s important for you to have access to a local agent then make sure they have a local office. If not, give the company a call and get a feel for hold times, hours of operation and services offered via telephone and the internet.

Unexpected Rate Increases
Ask friends about their experiences with the company. Have they had any problems service or rate increases in the past two years? This will be a fairly decent measure of the possible rate changes that will await you in the future.

This article may be reproduced only in its entirety.

Article Source: http://www.articledashboard.com

Kevin Erickson is a contributing writer to: Medical Insurance | Long Term Care | Nursing

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