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Acquiring Insurance Made Simple: The Keys To Success

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Insurance is all about protection. It is what keeps us financially secure through a life that comes ...

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Acquiring Insurance Made Simple: The Keys To Success

  1. 1. Acquiring Insurance Made Simple: The Keys To Success Insurance is all about protection. It is what keeps us financially secure through a life that comes with impending disaster that we can't always avoid. Knowing what to do and what not to do with our insurance needs can save a lot of money and a lot of headaches. Make sure you get insurance to cover work-related property when you have a telecommuting or independent contracting job. If you work from home, your rental or home owner's insurance policy does not cover work-related items such as computer equipment used for work so having a separate policy protects work-related property from theft or damage. 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. When dealing with an insurance claim, be sure to keep accurate logs of the time and money that you spent on preparing the information needed for your claim. You may be entitled to a reimbursement for time spent. It is possible that you may need to hire help, or it may also be possible that you lose work time when preparing the claim. Keep a written log of every conversation you have with the insurance company, including the date, time and length of the conversation. This will ensure that you and the insurance company are both on the same page about what's been said. Recording this information can also help you reach a settlement, in cases of mishandling by the insurance company. In order to get the best rates on insurance, it often pays to combine all of your polices under one company. However, don't automatically assume this would be the cheapest route to go. Sometimes the multi-policy discount is less than it would be to have separate policies with different companies. In order to get the best rates on insurance, you should choose the highest deductible you can afford. This can lower your rates by as much as 25%. It is important however that you would be able to
  2. 2. cover the deductible amount in the event that something would happen to your home or auto. Use the internet to your advantage when doing research on what type of insurance to purchase. The internet has a wealth of resources on the pros and cons of different types of plans and great advice on what you should get at different points and times in your life. Use the information available so that you are as educated on the process as your agent. If you are a member of a union or other important group, make sure to tell your insurance agent. Many insurance companies will offer steep discounts for certain groups, so you should ask your agent if yours does as well. You do not want to miss out on taking advantage of great benefits. Try to get all of your insurance policies through one agency. If you can use the same company for auto and homeowner's insurance, you will discover that insurance companies offer discounts for those with multiple policies. This could save you as much as twenty percent on your premiums that you could use elsewhere. Check with the company that you get your other insurances from, like rental insurance and life, to see if they offer a policy for car insurance. Most companies will offer you a discount for purchasing multiple policies from them. It may not be the cheapest option so you still need to get quotes from elsewhere to be sure. If you're planning on switching insurance providers, make sure you open your new policy BEFORE canceling your old one. If you cancel your policy first you could find yourself uninsured at the worst possible time, leaving you uncovered and paying for the situation yourself. Saving money isn't http://dictionary.reference.com/browse/employment worth the risk! When filing a claim be sure to be completely honest with the insurance agent even if the situation is embarrassing to you. Not being totally honest can lead the agent you speak with to invalidate your insurance policy altogether, or red flag the account and deny your entire insurance claim. Insurance on an individuals boat or other water craft can make all the difference when an accident happens or something unexpected comes up. The insurance will cover any injury related costs, damage to property, and even damage to the water craft. Insurance is a must have item for any water craft one may have. Work toward having good commercial credit. The lower your credit score, the "riskier" you appear to be to insurance companies. You will get a much better rate on commercial insurance if your credit score is good. Pay attention to the total amount of debt you have and always pay your bills as soon as they come in. Work toward having good commercial credit. The lower your credit score, the "riskier" you appear to be to insurance companies. You will get a much better rate on commercial insurance if setting up your own business your credit score is good. Pay attention to the total amount of debt you have and always pay your bills as soon as they come in. Whenever you consider an expensive purchase, factor in the cost of insurance. For example, a boat, motorcycle or RV are nice, but the insurance is a big extra expense. You could possibly just rent certain things when they're needed rather than paying for the insurance for them all year. Eliminate all unnecessary items. If you are unsure about whether you should file an insurance claim, do not call your insurance
  3. 3. company and make that type of inquiry. Try to ask someone else that does not work for your insurance company because many companies add these calls to your file as incidents and they will try to use them to increase your premiums. Now you can see all of the reasons why people need to have insurance. In the beginning, a car accident was talked about, though you can see all the other things for which insurance is needed. Please do yourself a favor, and make sure that you are insured.

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