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Things you need to know before choosing a general insurance provider

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Due to the large choice of insurance companies out there, many people often feel a bit overwhelmed when it comes to choosing the right one. However, if you know exactly what you’re looking for, you will be able to narrow down the list until you have an easy choice to make. Today we’re talking about general insurance providers and what you should know before choosing one. If you happen to be interested in such a topic, feel free to continue reading until the end. Without further ado, let’s begin.

An independent agent vs. insurance company

Source:thevandykegroup.com

When it comes to finding an insurance provider, you can either talk to an independent agent or go at a company and speak with them. Which option is better? We can’t say since they both have their benefits, but when looking at certain statistics, it looks like more people tend to choose a company versus the independent agent option. Please note that the price will vary between these two options, and so will some legal things, so make sure you’re completely informed about every detail before making your decision.

The company’s reputation and history

source:lifecovered.nz

One of the most important things when choosing an insurance provider is to take a glance into their history and current reputation. If you see a lot of satisfied customers and successfully solved cases, it might be the right one. If a lot of people seem to be complaining about how the company operates, however, you might want to reconsider your options.

Some of the most important things that you can look at are the following ones:

• How long they’ve been in business
• In which states they operate
• What’s their mission, values, and vision
• How influential are they
• Their financial power

All of these things will make you gain a better understanding of whether this is the right company for you or not.

Costs

Just like everything else, your insurance provider will require you to pay a certain amount of money. If you’re on a budget, your choices will be limited, and you might have to settle for a “worse” company if you don’t have enough to afford the top-tier ones. However, since insurance companies are pretty common nowadays, we believe that the costs are pretty affordable, and you shouldn’t be having this problem at all, although it’s always better to find a company that charges less. Money is money, after all.

Why is the company’s financial strength important?

One of the most frustrating things that can happen is to hear that your insurance company is not able to pay your claim due to them being in some kind of a “financial crisis”. To avoid this, make sure that you don’t sign with unknown companies that have no long history of legitimate deals, and always try to go for the ones that are a little bit more famous, although they might end up charging you a bit more than the others. The financial strength of an insurance company is really important, so always consider it as a factor when choosing one.

How Does Credit Score Affect Car Insurance Rates?

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Not many people are aware of the fact that majority of the insurance companies make use of the credit score in order to determine the amount of money that you can pay as the EMI for the auto insurance premium. The main reason behind doing all this is that the auto insurance companies claim that the one who does not have a proper credit history has more chances of being in a collision or claim. And only because of this supposed risk for the financial loss a customer has to pay more than the original cost of the insurance installment.

Source:caradisiac.com

You will be surprised to know that even if you have not encountered any sort of accident with your car, but also then you need to pay almost twice for the same insurance that your neighbor pays. And this is only because of the low credit score. It has also been noticed that a car insurance company makes use of a complex algorithm in order to determine the premium of the insurance for the one who has a bad credit score. This entire process is completely different than determining the credit score of a person, but the outcome of both the process is almost the same.

That is if you are supposed to have a bad credit score, then it is obvious that you will high risk. Does credit score affect car insurance rates or not? According to generalinsurance.com, You can understand this by the recent advertisement of the car insurance company, where they offer a discount to the one who has a good track record of their credit score. On the other hand, the person with an average credit score will have to pay a moderate rate for their car insurance policy.

If you still have a doubt regarding the reason why the insurance company makes use of the credit information to determine the insurance rates, then you need to read the below lines carefully. The insurance company feels that there is a direct relationship between the credit history of the customer and the claim that is expected to occur. Hence, they have made an analysis that a person with a good credit history is more profit for them as they have fewer chances to raise a claim. When you walk down to the market in search of car insurance rates, then you will find that there are some insurance companies who still make use of the driving history, age, type of vehicle and your resident in order to determine the insurance cost. Moreover, if you are about to take insurance for your sports car, then it is likely that you need to pay more for its insurance. If you do not have any credit history report, then you may not find car insurance for you from the companies who make use of credit score to determine the premium of the insurance. But you must keep one point in your mind that a company who does not make use of the credit score to determine the insurance rate will definitely use some other factor.

Source:pinterest

There are some other methods too that are used by the insurance company in order to look directly to the actual credit report. Some also make use of the insurance credit score; it is nothing but a statistical analysis of the report, which predicts the likelihood of the person to raise a claim. The insurance company makes use of all this process so that they do not run in a loss at the later stage.

5 Steps to Faster Home Insurance Claim Payments

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One of the worst things that could happen to anyone is to have their home wrecked by a natural disaster. Each year, natural disasters destroy thousands of lives and homes. In 2017 alone, they cost the government $320 billion dollars.

Very few areas in the country are less prone to natural calamities. That is why it is important for every homeowner to stay prepared. Whether your home has been recently hit by a natural disaster or you simply want to know how insurance claim payments work, this guide is for you.

Here are the steps to apply for an insurance claim.

1. Understand Your Policy

Source:iii.org

Different policies have different scopes. Reading the fine print might be exhausting but that’s the best way to be informed. On your home insurance contract, check the types of natural disasters covered. Determine what happens during the different stages of an insurance claim, what you need to do, what you need to provide, and how much (at the most) you can get. If there are processes or terms that appear vague to you, it’s a great idea to call your insurance provider.

2. Document the BEFORE and AFTER.

Even before the natural disaster, take photos of your property, along with an inventory of your home and possessions to serve as your reference. Keep a backup of your documentation by uploading these items on your Google Drive or any cloud storage system. After the natural disaster, do the same thing. In most cases, you will need to have major parts of your home fixed (such as the roof) right away and not wait for your insurance claim. If you don’t have an emergency fund for immediate repairs, know that you can get financing. Homeowners who are not qualified for regular loans can check out “opencashadvance.com“ for bad credit payday loans. Keep track of all your expenses, including receipts for reimbursement.

3. Prevent Further Damage

Hours or days after a natural calamity, things can get very chaotic and depressing. Aside from calling your insurance provider, you want to prevent further loss or damage to your property by salvaging any items that you can. Do not throw those that you can no longer use as your insurance company has the right to see the items that have to be compensated.

Source:datanami.com

4. Call Your Insurance Company ASAP

After a natural disaster, call your insurance service provider the moment you are able to. It’s not just to inform them. It is also important to understand your options and find out how you will get compensated. Even though at times an insurance claim might seem pretty straightforward for you, there is likely some concerns that you need to be addressed. You need an insurance expert to give you peace of mind.

5. Check Your State Policies for Insurance Claims

Some states have detailed guidelines on how fast insurance claims should be handled. For example, in California, claims have to be acknowledged within 15 days and insurance companies have 40 days to either accept or deny the claim application. In Texas, acknowledgment of insurance claims is also done within 15 days but insurance companies can extend the time for up to 45 days as long as they provide an explanation.

Summary

Natural disasters are inevitable. The only way to deal with them is to be prepared. Obtaining an insurance claim should be one of your top priorities after a natural disaster. The good news is that it doesn’t have to be a stressful endeavor. By following these steps, you can ensure speedy processing of your claim.

 

The Real Reason Our Politicians Are Not Taking Mental Health Seriously

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Despite the fact that mental health problems are steadily increasing in the United States, the national stance on mental health doesn’t seem to be changing. Even though more and more people are being diagnosed with conditions like anxiety and depression, very few improvements are being made to mental health infrastructure.

If there’s such a rapid increase in these issues, why aren’t our politicians making a point of improving the situation? In this article, we aim to answer this question for you.

Img Source: hbr.org

Mental Health Money – Insurance

One of the main reasons that politicians aren’t taking the mental health situation seriously is because of the potential profit involved. Or, one could say, they are taking it seriously – but instead of focusing on finding a solution, they are reaping off of the profit.

There are a number of ways that mental health insurance companies are doing this.

First and foremost, they make it notoriously hard for patients to get authorized to have help with their treatments. In fact, they are known for paying mental health practitioners so badly and being so difficult to deal with that many psychiatrists refuse to even accept insurance from patients.

Img Source: lifehacker.com

This means that patients are paying into their insurance but not being able to receive the benefits that they deserve. Meanwhile, anxiety levels are creeping up, more and more people are paying into insurance funds, and these funds are not being used to improve the state of mental health.

This shadiness further profits the health authorities because desperate patients will still fork over the money to get treatments even if their insurance doesn’t cover it.

What Can We Do?

If you don’t want to buy into the shady health insurance business of America, there are still some options available for you.

One of the best ways to find an improvement is to look into your own potential for self-help. This means perusing self-help resources such as websites like E-counseling.com and Help Guide, books, articles, and magazines. These can help set you on a path towards self-recovery.

Img Source: wikihow.com

Many people don’t need a psychologist or a therapist – they simply need the knowledge that these professionals can offer. If you don’t have a serious condition and you have good self-motivation, you may be able to find this information in one of these resources.

Top 6 Student Car Insurance Money Saving Tips

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Are you looking for some amazing ways to save money on student car insurance? Well, student car insurance is offered by a plethora of companies and there are numerous ways to save good money on this car insurance. Being a college student gives you an edge and opens doors to many easy money saving options.

Just as you can learn the best assignment writing tips from PaperDoers , we are here to help you by providing some excellent money saving tips on your student car insurance. So, without wasting time, let’s get started with these easy-peasy money saving tips!

Source:paperdoers.com
  1. A short discount for good grades: This car insurance discount is good news for all the students who are getting an exceptional grade in their subjects. A large number of insurance companies provide a discount to those full-time high school students who meet certain requirements related to their grades. Any student who has his grade more than B and his rank is within the top 20% of their class is eligible to take this benefit. It is the best way to approach those car insurance companies that provide a good discount to good grade students.

 

Now if you are an average student, all you need to work is on your assignments and tests. You can easily get expert help for completing your assignments in the best way by using these top platforms such thanksforthehelp  that connects some professional writers for making your assignments perfect. Not only this, using other good services  for easy assignment completion will maximize your chance for getting good grades and then, an assured car insurance discount in no time.

 

  1. Comparison of multiple companies to save on student car insurance: Auto insurance is a highly competitive industry. It is advisable for every student to collect information regarding the auto insurance company that provides a maximum discount to students. For that, you can compare their rates beforehand. This step is mandatory to follow as if we will not compare the rates with other insurance companies, there is a high possibility of paying a high premium.
source:everquote.com
  1. Keep students on the parent’s policy: Having college students on their parent’s policy also helps in getting a low auto insurance cost. Therefore, it is advisable for students to take auto insurance policy with their parents. A student will have to pay a high premium if he takes a separate policy for car insurance. Almost every car insurance company follows this policy so, if there are other members of your family owning a car, you can easily get a discount on your insurance as part of this plan.

 

  1. Discount on Driver’s education and training programs: Students who take up driver’s education lessons are likely to get a reduction on their premium amount. Just as there are expert assignment lessons provided by bestonlineassignmenthelp, you can ask your high school authorities or other organizations for further details regarding the driver lessons. Most of the excellent insurance providers such as Geico or State Farm provide with such special driver training programs for students. State Farm has started this program for everyone under the age of 25 and named it “Steer Clear”.

 

  1. Discount For Distant College students: For all the students who have a very little chance of driving the car. They either drive it when they are to drive the car home after your college days get a break or you have holidays. Such students are eligible for the distant college student discount. It is applicable to the students who are to drive at least 100 miles away from their home. There are companies who offer this discount for students at an age of 22 or less and some have a relaxed age criterion.
source:wilshirelawfirm.com
  1. University and alumni discounts: Are you aware that some universities also offer you an additional discount on your car insurance premium? There are many companies who take part in these discount programs that if you are alumni of one specific university, you may be eligible for getting a discount on your car insurance money. You can ask your insurance company for such discount and avail it.

Some Final Words

All-in-all, these were some amazing car insurance tips especially for students especially the first one that offers you with a good grade benefit. If you follow these car insurance money saving tips, you will get all the necessary details required for getting a good discount on your insurance premium.

 

How To Deal With The High Costs Of Personal Injuries?

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Personal injuries are a nightmare for individuals, regardless of the nature of their work. Disability as a result of accidents is likely to severely impact the quality of life, in addition to income deprivation. An individual who suffers from certain injuries will not be considered for certain jobs that were handled earlier and this will affect future of individuals. It is therefore necessary to ensure that victims of accidents and grievous personal injuries seek adequate compensation to manage the medical expenses and for leading a dignified life. Here is all that you need to know about this.

Awareness Of Possible Lifelong Medical Expenses

source: kiplinger.com

Individuals who unfortunately fall victims to accidents, need to be aware of the possible impact of certain injuries. The individual may have to life with the prospect of possible lifelong medical expenses. The expenses may be required to manage the condition and make suitable changes in lifestyle to accommodate the life changing effects of injuries. Most individuals fail to understand this impact and are mostly concerned about completing the hospitalization phase and heading home. A good Baton Rouge lawyer who specializes in handling personal injuries and accident claims will be in a position to help individuals understand the impact of injuries and possible compensation claims.

Seek Fair Compensation from the Insurance Companies

Insurance companies routinely deal with thousands of claims, and follow a procedure that would try to limit the expenses as much as possible. Victims of accidents, who seek compensation, often end up accepting and settling for lesser than adequate compensation. This may appear enough to begin with, but in the long run, victims find that the compensation is inadequate to meet expenses. It is therefore necessary to seek compensation that is fair. The use of a good and experienced personal injury lawyer will help in dealing with the insurance companies.

source: premiumfinance-group.com

Present A Watertight Case In Court If Necessary

Certain cases may require to be contested in court and this is an area that certainly needs the assistance of expert accident injury lawyers. A very small percentage of lawyers specialize in accident injury and it is absolutely essential for victims to use the services of layers who have expertise in handling accident cases. It is necessary to present the case in court in a manner that will prove beyond reasonable doubt that the victim is justified in seeking a certain amount as compensation. This involves knowledge of various laws of evidence and skills in adducing the same to the satisfaction of the court.

source: waltontelken.com

Accident injury cases also mandate the need for presenting medical evidence and examining experts about the possible impact of injuries in future. For instance, certain debilitating injuries may require alterations in residences and lifestyle. This may also impact the possibility of continuing in a profession. It is therefore necessary that all facts be presented in court in a manner that will get a favorable order of compensation. This can only be achieved with the help of legal experts who practice specially in accident injury.

Why Do You Need to Hire a Personal Injury Lawyer?

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If you or your loved ones have suffered grievous injuries, the pain, and the recovery is really tough. On top of that, many times the insurance company fails to understand the situation and tries to exploit your condition to mint money.

You must have heard about multiple cases where insurance companies simply refuse to pay to the victim or offer to make a settlement. They are hardly concerned about how serious the injuries are but they are armed with many lawyers, and their main goal is to find a loop-hole in your situation so that they can save the company’s money. After all, they are paid for that.

Source:thestartupmag.com

If you are unable to get a fair settlement out of your insurance company, it is high time for you to appoint a personal injury lawyer right away. There are multiple reasons why hiring a lawyer works in your favor rather than fighting off the insurance company on your own.

Previous Experience with Similar Claims:

Such similar cases handled by the personal injury lawyer and the case histories would be helpful to handle your case. They are much more aware of all the tactics an insurance company can pull against you. Their knowledge of the law with a solid experience can really help your case a lot.

Handle All Communication:

When someone undergoes an accident or an injury, the trauma part of it can make the victims mental state weak. Insurance companies may want to talk to the victim as soon as possible, and they very carefully listen to the victim to find out reasons to make excuses to make a low settlement or in a worst-case scenario, no settlement.

An experienced lawyer can be a much better representative of yours and handle all the communication with the insurance company to avoid any further complications and confusions.

Source;5law.com

No Fees if You Don’t Win: 

Most of these personal injury lawyers do not collect their fees unless you get a settlement from the company. As per a Miami Injury Attorney, any personal injury lawyer needs to understand that you need to protect your financial resources for living expenses, mortgages, and debt payments. That is why such lawyers are paid a percentage from the compensation collected from the insurance company.

You Save Time:

Filing a claim is not as simple as it sounds. You need to request medical records, read policies, review charts, get paperwork from the hospital done and communicate with the insurance people. In your family health crisis, handling insurance activities can become a burden. It is for the best if you directly hire a lawyer who can take care of all the paperwork for you.

You Can Get Higher Settlements:

Statistics have revealed that people who hire a personal injury attorney receive higher settlements than the ones who do not. In the time of crisis, insurance companies may try to offer a quick and low settlement to take advantage of your situation.

Hiring a personal injury lawyer in such a situation is a wise decision as a lawyer can explain you the worth of your case and not let you accept anything lower than that.

Source:glycoshare.com

If You Go to Trial

In the worst-case scenario if you have to go into a trial then doing it on your own against experienced attorneys is not advised. You should definitely hire a personal injury lawyer as he/she is aware of all your personal injury rights and is experienced to fight a case by producing an effective argument in the court.

Such unfortunate situations can get really difficult, it makes no sense to add on to your worries. Hire a personal injury lawyer instead to protect your interest and attain maximum compensation from the insurance company for you.

All You Need to Know About Life Insurance for Seniors

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Picking the right life insurance can be a challenging task. There is a myriad of options and conditions which make the process of choosing the right policy demanding. However, the situation is even worse if you’re a senior citizen. Getting a life assurance when being a senior means that you are likely to pay more due to the greater risk and sooner payout. Fortunately, there is a blog on the web which offers help if you can’t decide which policy to get. Seniors Life Insurance Finder lists top rated companies which are offering affordable solutions for seniors.

So, whether you are enjoying your golden years, or waiting for retirement, it’s advisable to consider getting a senior policy. Even though many people believe that obtaining coverage if you’re over 50 is extremely expensive or almost next to impossible, it isn’t completely true. Your age means little if you pick the right option. Besides visiting Seniors Life Insurance Finder for policies, you might want to know more about life coverage for seniors. Thus, we decided to compose a list of the most important things you should know about it.

Types of Life Insurance

There are several types of insurance policies available. Here are some of the main which will be your perfect pick if you are over the age of 55.

Term Life Insurance

Source:financialfreedominspiration.com

This policy provides the most coverage at the lowest price, especially if you’re in good health. The coverage is usually for a certain number of years with the same premiums every year. So, if you’re 60-65, you will get a 20-year plan, but if you’re over 70, you can only get a 10-year plan. The term life insurance has three plans, level, convertible, and renewable term.

Whole Life Insurance

Source:financialsumo.com

Whole life insurance lasts for your whole life with the same premiums each year. Moreover, your beneficiaries get a death benefit after you pass away. What’s great about the whole policy is the fact that you get a cash value from which you can borrow in case of a severe illness. That loan is later reduced from the death benefit. This policy might be more expensive than the other types, but it undoubtedly offers more comprehensive coverage.

Guaranteed Universal Life Insurance

The guaranteed universal policy is quite similar to whole insurance but with more affordable premiums. This option gives you an opportunity to decide the age you want the coverage to end, or it can last your entire lifetime. The policy is an excellent choice for seniors on a budget.

Final Expense Insurance

Source:thefamilyhouse.org

Final expense insurance is, in fact, a death benefit which can cover the necessary costs, such as medical or funeral costs. Available in numerous terms, it will definitely give your family peace of mind. The final expense insurance policy can be bought by anyone regardless of age or health.

The Policy Rates by Age

Life assurance gets expensive as you age. However, there are other additional factors which determine the rating and premiums. Thus, the rate and the premiums of your policy will depend on your lifestyle, profession, the current state of health, and family history.

How Can I Get Affordable Senior Citizen Policy?

Source:coverfox.com

There are several steps you can undertake for getting an affordable senior citizen policy, such as

  • being as healthy as possible which reduces the premiums;
  • compare the different insurance policies for finding the right option;
  • get the policy as early in your life as possible;
  • research the quotes on blogs which have access to multiple insurance companies;

In a nutshell, getting a senior citizen life insurance policy as soon as possible will not only cost you less but also provide the necessary security both for you and your family. As every insurance company offers different rates and premiums, it’s best to check and compare the top-rated insurers. By doing so, you will get the most suitable and affordable policy for seniors.

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