Insurance: A Necessity For Peace Of Mind
|
There are many choices for insurance. Insurance is apolicy where you pay in a certain figure, that you do notusually get back, and pays out in the event of a certainsituation. The details vary according to the type ofcoverage.
Health insurance was invented to help with your medicalcare. You will typically pay in a certain amount every monthcalled premiums and you may have invest a certain percentageon your presciptions and doctor's visits but the insuranceis created to help you with the costs. It will also helpyou in emergencies such as a broken bone, accident or asudden illness. Insurance is there to benefit you if you arehaving a baby or any other time you require regular care.
Car insurance is intended for accidents; either your faultor someone else's. You pay on your car insurance premiumevery month (or quarterly or yearly) and if you are in anaccident, the insurance can cover damages. There are twobasic kinds of car insurance; liability and full-coverage.Liability will only cover what you are liable for.Full-coverage will cover anything that happens to your car,your body or to the other party in an accident.
The main purpose of life insurance is to cover the survivorsof the person who dies. Life insurance can be used to payoff debt, cover burial expenses or take care of survivingchildren. Life insurance can be very important, especiallyif you are leaving a spouse that doesn't work, youngchildren, or debts. In the event of your death, the lifeinsurance company would award the amount of the policy toyour beneficiaries.
As the name implies, home insurance is meant to protect yourhome and property. There is home owner's insurance and alsorenter's insurance. Renter's insurance will take care ofpersonal items that are in the home and most often coverdamages to the house itself if there were a robbery orsimilar damage to the property. This will keep the renterfrom having to pay the owner personally if damage to theproperty occurred as a result of a burglary.
The home owner's insurance will protect the same things;damage to personal property and also to the premises.Many insurance plans cover natural events such asfloods or earthquakes. Some plans cover fire and others donot. Most cover fire only if it was not set by the owner.
There are many other kinds of coverage that are necessaryfor business owners, including disability and businessinterruption insurance. The only way to assure propercoverage is to consult with an agent and one that has yourparticular situation in mind.
Martin Shiverman is founder of FGA Insurance an excellent resource site dedicated to information on Insurance.
|
|
|
Do You Pay Too Much For Your Car Insurance?
Do the premiums just seem to get higher and higher every year?It is amazing how many people just receive their insurance renewal when it is sent out each year and pay it off without a second thought!But, at the back of their mind, is this niggling feeling of discontent about the amount they are paying. Unfortunately many feel there is ...(related: Insurance)
How To Match The Right Insurance Policy To The 4 Stages Of Life
As we go through life our needs change. A Young man or women with a family has very different insurance needs then the Empty Nester. Here is a guide to help you determine what type of insurance best matches your need based on the 4 Stages of lifeStage 1 While traveling the great state of Missouri one of the biggest objections I hear is why do I need life insurance. I'm young, single and healthy. That is the best time to buy life insurance. The younger you are and the healthier you are the cheaper life insurance is.When you are still young and single you may not really need life insurance but that is the best time to buy it. A small whole life policy of 50,000 or maybe 100,000 is really is good investment for a young person. As long as y...(related: Insurance)
Life Insurance Settlement
A new financial tool is now available for senior citizens. Life Insurance Settlements are quickly becoming a way for seniors to receive money from an under performing or costly life insurance policy.A life insurance settlement is the sale of a life insurance policy (whole life, term, universal life, etc.) covering the life of one or more individuals with an "ascertainable and limited" life expectancy. A life insurance settlement is usually most beneficial seniors over the age of 65.Some basic qualifications for a life insurance settlement are the above-mentioned age and health requirement, policy is assignable and beyond the contestability period, and the policy must be ...(related: Insurance)
Group Term Life Insurance And The Options Available
Group term life insurance is more affordable than individual life insurance policies because the costs to the insurer are lower. They have less paperwork to handle, and are guaranteed multiple accounts from one sale - which is their incentive for offering this type of policy.A group term life insurance policy offers life insurance coverage to all the ...(related: Insurance)
Health Savings Accounts
Most people with health insurance, especially employer paid health insurance, really don't know what their health care costs are. Furthermore, in many cases, they are limited in which health providers (doctors, hospitals, pharmacies etc) they can use.Most people are locked into a network of doctors. They know what the co-pay is, but have...(related: Insurance)
Finding Life Insurance Quotes For Adult Children
Shopping for life insurance quotes for adult children isn't any different than it is for adults or seniors. Underwriting issues can vary a little but essentially life insurance quotes for adult children follows the same routine.Where we do see a difference is in qualifying. Some companies don't allow you to buy more than (2) times what the adult parent has, other companies may use other multiples. Underwriting also considers the premium paying capabilities of the person being insured and etc.A certain amount of caution exists when companies receive applications for children. A simple explanation on the back of the application will normally set everyone at ease. Being a advocate of carrying insurance myself I bought a liufe policy on my 12 year old son simple to get him started at an early age and lock in his rates forever. It als...(related: Insurance)
Health Savings Accounts (hsa): Do I Still Submit My Bills To Insurance When Using Hsa Money?
The Health Savings Account (HSA) is becoming well-known as an incredible tool to reduce health insurance premuims and still provide good security for healthcare emergencies.This article is about submitting your medical bills while you are still under your insurance deductible, and what to consider before doing that.Generally, submitting your documentation to your insurance company even when you are paying with HSA money is still a good idea.I say this for two reasons.First, if you using servic...(related: Insurance)
Cheap Insurance - Ten Ways
Cheap insurance? Auto insurance, life insurance, health insurance, liability insurance - whatever type of insurance you need, you can buy it for less. Try the following:1. Raise you deductible. Why have a $100 deductible if a $1000 deductible won't break you? It may hurt to pay the first thousand someday, but what if meanwhile you saved several thousand? High deductibles mean lower rates. Of course, get quotes with various deductibles, to be sure you're saving enough for the higher risk.2. Lower your coverage. Insurance agents secretly admit that people usually get sued according to policy limits. You'll be sued for more if your limit is a million than if it's a hundred thousand. A judgement beyond the polic...(related: Insurance)
Consumer Driven Health Plans [ Cdhp ]
Do you know that skyrocketing health care costs have been draining the federal government and employer's exchequers over the last couple of years? The health care costs account for 15.5 percent of U.S GDP and is the most expensive benefit paid by employers, seriously affecting their competitiveness in the global market. Health care spending is projected to top $1.9 trillion in 2005, about twice the amount being spent on education. According to the Employment Policy Foundation, employers have spent $331 billion last year for health insurance, a 50 percent increase since 1998. All of these never-improving alarming statistics did result in de...(related: Insurance)
Dont Just Accept Your Car Insurance Renewal Quote
UK car insurance companies make substantial profits every year because a large number of existing customers just accept the renewal quote from their car insurance provider.Many people assume that because their first years premium was competitive they will continue to get good value for money from the same insurer. In fact, as an existing customer renewing your car insurance, you could be paying for discounts your in...(related: Insurance)
Why Should I Go To A Life Insurance Broker?
A life insurance broker is a dedicated person that encourages and listens to the needs and wants of a person looking for life insurance. It doesn't matter what type of life insurance you are looking for, whole or term life. A broker will be able to find suitable rates for you to choose from. When you contact a life insurance broker, you can get the life insurance you need from a company in another city or state that you probably never even heard of.There are many benefits to dealing with a life insurance broker when you want to purchase a life insurance policy. The broker is familiar with the requirements of many different companies and knows which ones he/she can contact to get you the best rates on life insurance. It does not cost anything extra to use a broke...(related: Insurance)
site-map - Copyright © 2006 Insurance | All Rights Reserved. | Insurance