Cashing Your Hurricane Insurance Settlement Check

by Carl Loop
Now, you are wondering if that sum you received was enough to pay for repairs to your damaged real (Structure) property or lost personal items (Contents).

First, you need to understand whether or not the check(s) you received from your Insurance Company, was that their "final" offer, or was it just an "advance" on your total property insurance settlement. Very often, that is the case. Often, they hold back some amount of money which won't be released until repairs are complete. This hold back amount is usually referred to as depreciation.

However, if your insurance company says your payment was the "final" property insurance payment, then you should definitely have the immediate concern that it might not be enough.

And, you ask yourself "since I accepted and cashed the settlement check, is it all over?" Be sure you look at the check for any contractual language, on the front and the back. It would be rare to see anything like that but, before you cash it, check with your attorney if you see any language like that.

Well, if you are offered a "final" insurance settlement check(s), and you have cashed it, that is usually just fine. It is still no problem to reopen you claim, and to file for legitimate additional insurance money for your property losses. Most policies require your original claim to be filed within one year from the date of disaster. Check with your State's department of insurance.

Read more ...

Read More

Get Cheap Car Insurance Rates

How to get cheap car insurance rates? Chances are that if you are over 25 years of age you can get a pretty good discount on your car insurance. Automobile insurance companies tend to give discounts to drivers over the age of 25 because they see them as more mature because of their experience behind the wheel.

However the best age group that gets excellent rates on automobile insurance are senior citizens. Automobile insurance companies consider people over 50 years of age as senior citizens. They get the best rates because they are less likely to get into auto accidents or get a speeding ticket.

If you want to get the best rates possible you should consider combining your home and auto insurance together. Automobile insurance providers generally would give insurance discounts to individuals that combine their auto and home insurance together. This helps you save money and also helps you easily manage your bills.

Another way to get your car insurance rates cheaper is to go online. By going online you have the opportunity to get the best rates possible because you do not have to deal with agents trying to receive commission like those locally in your area. Generally the more information you give the car insurance companies online the more accurate your quotes will be. See also Best Performance Car Insurance Costs.

By Craig Realton

Read more ...

Read More

Three Ways to Reduce the Cost of Young Driver Insurance

By: Brian Bannon

Young Driver Insurance - When you are looking for cheaper car insurance of young driver insurance, you will notice that the price for the same policy can be much more expensive if the person being covered is a teenager or a young driver under 25. Insurance companies find that younger drivers lack of inexperience behind the wheel, based on data collected over the years, causes accidents.

Because of these factors, teenage drivers are considered "high risk". That is why their car insurance premiums are higher then a older driver.

Because of this, many people are tempted to say they are older than what they are to an insurance company in the hopes of a lower rate. But if the insurance company finds out, they can revoke your coverage at any time. There are much better ways you can lower car insurance for young driver.

#1 You can also get a discount if you pay your insurance premiums in advance or if the payments have been made on time in the past. This is because some drivers just pay for a month or two and then stop paying and if they get stopped just show the policy, even if it is no longer valid.

#2 Insurance companies will keep a watchful eye on your driving record. If you prove to them that you are a safe driver over a period of time they will lower your rates. Because if you have gone without a accident for a length of time this shows them you are less of a risk and if you have just got your first car it pays to be extra careful.

#3 Lastly, the make, model and even the color of your car can make a price difference. While this goes for anyone, it's a bigger increase for young drivers.

All of these things will be taken into account when they look at the vehicle and look at the chances that it will be damaged if you should be involved in an accident.

Use the internet to search for your car insurance. Not only young driver insurance. 
will you not be subject to the same sales pressure you face over the phone but you can compare insurance quotes from different companies to find the best cover that fits you. So... well that's three ways to reduce the cost of

Read more ...

Read More

Buying Life Insurance Tips

Life insurance serves as a protection if the insured dies. For example, if I was insured by an insurance product and die tomorrow, then the insurance companies will provide insurance money to people who I left behind.

The purpose is to take life insurance to cover the potential loss of income. If I as the backbone of the family died, the family I leave behind will lose sources of income. If I follow the life insurance program, so that my family would leave the insurance money that can be used as a substitute for the lost revenue, at least for a while.

Actually the rule choosing life insurance products are not much different from choosing another product:

* No purchase life insurance if not required; and
* If you need life insurance, buy life insurance that provides adequate protection.

From my brief survey to several friends and family members, virtually none of them are taking life insurance in accordance with the rules above. Most buying life insurance when not needed, and not take life insurance with a sufficient sum assured if needed.

Do not buy life insurance if not required

The main factors are buying life insurance dependents and obligations (e.g. debt). If someone does not have both so concerned not need life insurance.

Small children (or even newborn) do not need life insurance protection because it does not have any dependents. If the child dies, the family will grieve, but it will not adversely affect the financial condition of the family. On the contrary, precisely the family finances would improve because the number of dependents decreases. Buy life insurance child at this stage will only give free money to the insurance company.

People who already have money can become not need life insurance if you are concerned do not have dependents and do not have obligations. People without dependents and no liability to third parties do not need life insurance because if the person dies, no one feels lost revenue.

If the person is on the take-credit, consumer credit, especially now that the question already has an obligation. Thus, it is time he takes the life insurance (if credit is not equipped with credit insurance). If not, then he has the potential to incriminate relatives if something bad happened to her.

Parents of all children are independent and no longer have an obligation to the other party does not need life insurance. If the respective dies, her children will grieve, but no one will ever feel financially disadvantaged. In addition, if the parents are managing the funds properly, then the concerned should already have savings or investment return far greater value than the sum assured of life insurance.

If the parents are already having enough savings, he could cancel his life insurance before the time if the perceived value of insurance coverage is not proportional to the amount of savings. If he dies before the children independently, his children will still be a legacy in the form of these deposits.

If it does not have dependents and no longer in productive age, the elderly person needs life insurance is not, but the liquid funds in large numbers. Furthermore, in these conditions required that the product is exactly the opposite of life insurance, annuities i.e. If the life insurance provides protection if the insured dies too soon, annuities serve to provide protection if the insured is living too long. Pay life insurance premiums at this time could be a "financial disaster" for the required product is exactly the opposite of life insurance.

Read more ...

Read More

Dangers of Cancelling a Insurance Policy

Dangers of Cancelling a Insurance Policy. In many states when it comes to renew your tags on your vehicle you will not be able to do so without providing proof of insurance. So if your policy has been cancelled you're now going to be attempting to drive around without insurance and a plate that has expired.

Not a good combination and depending on the state you may even face more serious problems. That's why when you seek out insurance; you need to make sure that the payments are something you will be able to pay. If they aren't and you know that you can't make them, your policy will be cancelled.

Then you will need to go through the process of finding another carrier to supply insurance, and place another down payment. The down payment will be more expensive in many cases if you've let a policy be cancelled. Using the comparison system you should have been able to find an amount that you could keep up with.

Getting in an accident when your policy has been cancelled can even bring charges against you. Leaving you to pay tremendous bills in some cases even.

Find ways to make sure that you can keep your policy up to date and paid. Even if you have to borrow money from a retirement fund or a friend. Paying them back will be a lot easier than many other things that you could be faced with. Keep track of your funds that are in the bank, and make sure that each month you have enough for your insurance payments.

Read more ...

Read More

Insurance Finance

You can do research online and that will give you an array of options from what they cover and at what rate. After you have gone through the options, you can easily narrow down the alternatives that you feel are close to what you are looking for since you will have an estimate of how much you will need. While you are making arrangements to make payments for your insurance finance aspect of it is very important.

You have to allocate funds on a monthly, quarterly or yearly basis to the insurance company. For you to achieve this without fail, it is important that you include it in your budget. Your budget acts as a financial guideline and ensures that you allocate your funds in an organized way. It also helps you
plan your insurance finance in advance, that way you can pre-plan for expenses that are paid yearly for example.

This works well with the insurance industry since you have to make payments on a particular date. You should be able to manage your money so that you can have protection for yourself and your family.

Read more ...

Read More

How You Can Save Money on Insurance-and Still Get the Coverage You Need

Before You Buy Another Insurance Policy Read this Book! Without proper insurance health, auto, homeowners, life, disability, or long-term care—an unexpected event can quickly derail your financial plans and put your life savings at risk. Insurance is an essential part of financial planning, but many people are paying hundreds – sometimes thousands -- of dollars more than they need to, and often, they buy the wrong kinds of coverage.

With your family's financial future at stake, you can't afford to make the wrong decisions when shopping for insurance.In The Insurance Maze: How You Can Save Money on Insurance and Still Get the Coverage You Need, industry expert and writer Kimberly Lankford breaks through the clutter and jargon of the industry and helps you make the most of your coverage and avoid expensive mistakes that can jeopardize your financial future.

Related:
* Applied Insurance Analytics
* Fundamentals of Risk and Insurance


Some of the topics addressed include:

• Mistakes people make when choosing employer-provided health plans –and how to find a better deal on your own
• Strategies for making the most of health savings accounts
• Why it’s dangerous to make small homeowners insurance claims
• How to benefit from plummeting life insurance prices
• Major pricing changes in auto insurance that could save you hundreds of dollars
• Steps you can take to avoid problems at claim time
• Why long-term care insurance is essential to protect your retirement savings, and how to minimize rising premiumsAs a journalist writing about insurance for more than a decade, Kim Lankford has been investigating the business from the inside and out – writing about sales strategies for insurance company executives and agents at the beginning of her career, then revealing those strategies to consumers as the chief insurance writer for Kiplinger’s Personal Finance Magazine and author of the "Ask Kim" column.

Lankford’s inside knowledge of the business has made her one of the best-known insurance writers in the country. Books detail...!

Read more ...

Read More