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Considerations for Saving on Car Insurance


welcome By: Elena Grace Flores
Timing matters when you buy car insurance. December is more likely to be the cheapest month to buy it because this is when people are perceived to have a lot of things to pay for. Insurers would be lowering prices just to reach their target revenues for the month – at least to pay overhead and end-year bonuses. They have no choice but to design a promotional offer that most people can’t refuse.

It is also observed that local regulations can affect car insurance rates because prices vary from one place to another – despite being issued by a sole insurance company. This is why shopping around for the best insurance coverage with the corresponding good rate is essential. Of course, you may not get the best service when you buy the insurance away from home – but you can avoid the months when your locality is selling expensive car insurances.

Insurance brokers are good sources of information when shopping for attractive car insurance deals. They’re the ones who know if there are promotions offered for outstanding university students, or can refer a company that is selling both home and car insurance to get a loyalty discount and suggest the one providing the highest discount when paying a lump sum upfront. Mind you, you might want to ask them also if being married or getting through a dignified driving school can help in lowering down your car insurance cost.

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Facing the Consequences of Having No Health Insurance


welcome By: Elena Grace Flores
If you are a U.S. citizen of legal age, you will be fined a penalty for not having a health insurance. Consider this fact. If you end up accumulating substantial medical bills to the government simply because you are not covered by any insurance, the funds from other tax payers will be used to pay off your damages.

In third world countries when most people do not have health insurance or no access to social security memberships due to unemployment, they can die from simple medical cases like giving birth or diarrhea – because public hospitals will not admit those who can’t afford even just for the medications required due to overcrowding!

Whereas in first world countries, people pay almost 50% of their income for healthcare but when they are sick from whatever diseases, they can be admitted to dignified hospitals and get proper care without worrying for medical bills. So, it is fair what the Americans are doing – to let those who can afford pay for their own insurance and penalize those who do not follow unless you are under government subsidy.

Despite paying the penalty for not having a health insurance, you are still uninsured so when availing hospital care, you still have to pay your own bills and for those who are dependent on your income. So, no matter where you live – it is wise to pay for your own health insurance according to what you can afford or suffer the consequences of not having one!

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Factors that Reduce Life Insurance Premiums

welcome By: Elena Grace Flores
The rate of life insurance premiums will not depend on your age only but also your medical record and lifestyle. In fact, there are cases that after completing a whole year of risk-free healthy living, insured individuals got their premiums readjusted to their benefit – saving some hard-earned money after being confirmed by thorough investigation by the contracted medical practitioners! See these identified factors that you can avoid for better health and lower life insurance premium:

1. If you are a smoker, consider stop smoking for a year and reapply life insurance coverage for non-smokers.
2. If you drink more than 3 glasses of alcohol daily, try eliminating that habit and qualify for a 50% less expensive life insurance coverage.

3. Make sure that your BMI or Body Mass Index is less than 30 when you apply for life insurance. You are considered overweight if it’s over 30. Make your weight proportion with your height always.
4. Ensure to have a clean driving record. Traffic violation tickets and accidents can increase your premiums to up to 50%.

5. Best life insurance rates can be obtained before you turn 35 but if you are way older than that, backdating your insurance coverage might require you to pay a lump sum. However, the premiums after that will become more affordable.

Being obese can put you at risk with high blood pressure, diabetes and other diseases. So, aside from your age that you can’t do something about – focus on having a healthy lifestyle to avail of favorable insurance premium rates!

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Don’t Buy a Home without Proper Insurance

welcome By: Elena Grace Flores
In most cases when buying a house, one can spend almost all his or her lifetime savings – and you don’t want this to be jeopardized just because you do not have a home insurance – or there are issues that hinder you from getting a proper insurance which can be one of the following:

Homes that cannot be insured…
Do not buy a house that has record of large disaster claims like any kind of water damage. Insurers will only insure this at substantial rates if they still accept your application. It is best to abandon the idea of purchasing such properties because this would only prove that this is a prone to disaster.

Umbrella Policies for lawsuits and hazards…
Liability insurance can take care of the damages or bodily harm incurred to others within your property – but sometimes, victims want more to the verge of suing you. This is when you need umbrella policies to have maximum financial protection. In the U.S. you can be covered up to one million dollars. Another instance is when there are disaster threats or hazards in your area – you will need an umbrella policy where flood protection or anything of that sort can be overwritten. Better yet, getting coverage for home transfer to a safer ground if possible will be brilliant.

Life Insurance for the insured…
The head of the family who is buying the house on mortgage must also have life insurance. A short-term one or long-term plan depending on the capability of the bread winner will be helpful – to prevent the rest of the family from being homeless should unexpected demise of the home buyer occurs. The short-term plan must allow the rest of the family to find alternative dwelling and the longer one should allow them to remain in the house until it is paid off by the insurance grants.

Disability and accident insurance are also very helpful because we just don’t know what the future awaits for us. Don’t just buy a house and insurance based on what you can afford now. Considerations for such situations must also be undertaken so as not to lose any savings or properties you already have because you cannot fully pay the mortgage!

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