Learn Ways to Cover Your Insurance Needs

  • Published on
    14-Aug-2015

  • View
    7

  • Download
    0

Embed Size (px)

Transcript

  1. 1. Learn Ways to Cover Your Insurance Needs Making sure that you have enough of the right kind of insurance for your particular situation is very important, but it can be hard to be sure that you really have what you need. Read this article to help you figure out how to evaluate whether an insurance policy meets your needs. When involved in an insurance claim, do not wait for the insurance company to make all the moves. This will ensure that you get what you are owed, and in a timely manner. Be sure to provide any evidence that will be required and be persistent in asking for information directly related to your claim. When involved in an insurance claim, be sure to get as many quotes as possible on your own. This will ensure that you can stand your ground versus an insurance adjuster as well as ensure you are getting a fair quote. If there is a debate, be sure to calmly confront your adjuster and assume that they are not trying to cheat you. You want to have as much insurance protection in life as possible. The list is as follows: homeowner's or renters insurance, health and life insurance and finally, car insurance. It's possible to extend coverage to your family members too. New insurance companies may come calling all the time. But before you make the leap, be sure to scruitinize the fine print carefully. What looks like a good deal on the surface may be the real thing. However, there may be many small but important differences between your current policy and the one you are considering (premiums, deductibles, coverage limits, etc.) So be sure you know what that next boat looks like before you jump ship. If you own a home and have a car, you can save on insurance by covering both, with the same company. Most insurers offer multi-policy discounts and with online tools that make it easy to compare costs, you can easily find the company that offers you the biggest savings and most appropriate coverage for your situation. Renters insurance is a great way to protect your belongings from theft or fire in your building. Your landlord's insurance only replaces his property. All your property is not covered which can leave you with nothing when not insured. Getting insurance is easy managed service company and inexpensive for even higher amounts of coverage.
  2. 2. Trust your insurance agent or find a new one. Many insurance companies offer multiple agents in a single area, so if you find yourself disliking the agent you initially chose, there is no harm in looking up a different http://careers.wa.gov/ one. Agents are professionals and should not take it personally if you move on to someone you find more agreeable. Check up on your coverage every year. Insurance companies may be offering better deals than they were when you initially bought a policy or you may be paying for coverage you no longer need. You might be spending a lot of money on clauses you do not need anymore. Make sure your pet's insurance policy is clear and easy to read. You do not want to get lost in the lingo and find out you are paying extra for services you do not need. Ask for clarification if necessary, and don't allow yourself to be taken in by scam policies. If you are newly married, examine your insurance policies closely. You may be able to save hundreds of dollars a year by combining auto insurance policies and other insurances. Pick the insurance agent who is offering the best deal and go with them. Don't waste too much time before you do this, it is best to combine right away and start saving money! To have a better understanding of your insurance costs, learn about the various things that effect your premiums. Everything from your age to your gender to your zip code can play a role in your premium rates. Learning more about your premiums may give you the knowledge you need to lower your insurance rates. Private insurance plans can run you thousands of dollars per year, so make sure that you tweak your policy to your particular needs. You might have a nest egg saved up and are not worried about ample coverage, but you also need to make sure your kids are fully covered. Split the difference here, and save the money. In order to maximize your savings, check into the possibly of getting all of your insurance needs bundled into one multi-policy. For example, if you need homeowner's insurance and auto insurance coverage, you can typically find insurance companies which offer both. By combining all of your insurance policies through one company, you have the potential to obtain considerable savings. Be sure to familiarize yourself with car insurance lingo. Understand the meaning of various phrases you will encounter such as collision coverage, uninsured motorist protection, bodily injury liability, property damage liability and so forth. If you don't understand, ask questions. In this way, you will know exactly what you are paying for. If you tell your insurance agency that you never use alcohol or smoke, you are able to qualify for discounts. A car alarm cuts risk of theft, and is also a money saver for insurance. Do some checking
  3. 3. to make sure that you aren't paying too much for insurance and are getting the discounts you qualify for! Always check different quotes and companies before subscribing to a policy. In addition to checking prices and policies from several companies, also look to see if they offer discounts for purchasing from their websites. Make sure all information provided during the insurance application process is correct. Providing incorrect information or deliberately withholding information could lead to your policy being declared void if you ever submit a substantial claim. No matter your prior claim history, it is better to provide full information and ensure you are covered than risk not having coverage when you need it. A thorough understanding of your insurance needs and the options available to you is practically a necessity if you expect to make good insurance decisions. Your insurance choices will likely become more effective as you make use of the preceding tips and collect more sage advice on the subject.