We buy many different types of insurance to protect ourselves and our families. We insure our health, our automobiles, our homes, and even our lives. And we hope that we never suffer any type of loss that requires us to make a claim against one of those insurance policies.
But accidents do happen, and it’s unlikely that you’ll go through life never having to make an insurance claim. When the circumstances do arise, it’s important to know what to expect from the insurance claims process so that you’ll be comfortable while going through it.
Here are some tips for filing... Articles Tagged ‘insurance advice’
Tips for Filing an Incident Claim With Your Insurance Agent
We buy many different types of insurance to protect ourselves and our families. We insure our health, our automobiles, our homes, and even our lives. And we hope that we never suffer any type of loss that requires us to make a claim against one of those insurance policies.
But accidents do happen, and it’s unlikely that you’ll go through life never having to make an insurance claim. When the circumstances do arise, it’s important to know what to expect from the insurance claims process so that you’ll be comfortable while going through it.
Here are some tips for filing...
Thursday, April 11th, 2013
We buy many different types of insurance to protect ourselves and our families. We insure our health, our automobiles, our homes, and even our lives. And we hope that we never suffer any type of loss that requires us to make a claim against one of those insurance policies.
But accidents do happen, and it’s unlikely that you’ll go through life never having to make an insurance claim. When the circumstances do arise, it’s important to know what to expect from the insurance claims process so that you’ll be comfortable while going through it.
Here are some tips for filing... What is a Deductible?
Having adequate insurance coverage is generally viewed as a necessary part of any solid personal financial plan. For example, without sufficient health insurance, a single accident or injury could wipe out years or even decades worth of your savings. Similarly, if you have inadequate homeowners insurance then you could find that you’re unable to completely rebuild after a fire or natural disaster destroys your home. One key element of nearly every insurance policy you consider for yourself is the deductible.
Deductibles Overview. The deductible of any insurance policy is the amount that you’re responsible for paying yourself, out of pocket,...
Friday, February 15th, 2013
Having adequate insurance coverage is generally viewed as a necessary part of any solid personal financial plan. For example, without sufficient health insurance, a single accident or injury could wipe out years or even decades worth of your savings. Similarly, if you have inadequate homeowners insurance then you could find that you’re unable to completely rebuild after a fire or natural disaster destroys your home. One key element of nearly every insurance policy you consider for yourself is the deductible.
Deductibles Overview. The deductible of any insurance policy is the amount that you’re responsible for paying yourself, out of pocket,... Give Yourself an Insurance Audit in 2013
For many individuals, shopping for insurance can be one of the least enjoyable aspects of personal financial planning. Not only is it unpleasant to consider the “what if” scenarios that would trigger an insurance claim, it can also be difficult to spend money buying a service that you hope you’ll never have to use. Unfortunately, this sentiment often leads individuals to ignore the scopes of their different insurance policies.
One way to make sure you’re always on top of your insurance coverage is to conduct a yearly review of all your insurance policies.
Here is some advice and tips on...
Monday, January 7th, 2013
For many individuals, shopping for insurance can be one of the least enjoyable aspects of personal financial planning. Not only is it unpleasant to consider the “what if” scenarios that would trigger an insurance claim, it can also be difficult to spend money buying a service that you hope you’ll never have to use. Unfortunately, this sentiment often leads individuals to ignore the scopes of their different insurance policies.
One way to make sure you’re always on top of your insurance coverage is to conduct a yearly review of all your insurance policies.
Here is some advice and tips on... Will I Save Money if I Raise My Deductible?
Insurance forms the “safety net” of each of our personal financial plans. We buy life insurance in order to financially provide for our families when we die, we buy health insurance so that we don’t have to pay the full cost of health care if we’re sick or injured, we insure our homes against, and we buy car insurance coverage above the legally required minimum in order to protect the value of our automobiles in case of an accident.
All of this insurance coverage can be quite expensive. While it’s almost always a bad idea to simply forego coverage in...
Thursday, December 6th, 2012
Insurance forms the “safety net” of each of our personal financial plans. We buy life insurance in order to financially provide for our families when we die, we buy health insurance so that we don’t have to pay the full cost of health care if we’re sick or injured, we insure our homes against, and we buy car insurance coverage above the legally required minimum in order to protect the value of our automobiles in case of an accident.
All of this insurance coverage can be quite expensive. While it’s almost always a bad idea to simply forego coverage in... Understanding Medicare Supplement Plans
Tuesday, November 27th, 2012
The U.S. Medicare program provides guaranteed health insurance to Americans over the age of 65, as well as younger individuals who have certain types of disabilities. Medicare is a defined benefit program that focuses on providing hospital-based care (under “Part A”) as well as outpatient care (under “Part B”). There are also other elements to the program, including having to choose between traditional Medicare and a network plan.
But Medicare doesn’t provide full coverage, so many retirees purchase Medicare Supplement Plans (also known as “Medigap” plans) to cover the various types of costs that are not covered by Medicare.
Here is...
How to Organize and Store Your Insurance Documents
One important cornerstone of managing your personal financial life is good organization. If you don’t have a good understanding of your current financial situation then it will be difficult to know how to go about improving it, or to make sure that you’re doing everything you can to achieve your financial goals.
But having an organizational plan and structure in place doesn’t only apply to your savings, investment and financial accounts. It’s also essential that you have your insurance information organized as well.
Here is some insurance advice and tips on ways you can organize and store your key insurance...
Monday, November 19th, 2012
One important cornerstone of managing your personal financial life is good organization. If you don’t have a good understanding of your current financial situation then it will be difficult to know how to go about improving it, or to make sure that you’re doing everything you can to achieve your financial goals.
But having an organizational plan and structure in place doesn’t only apply to your savings, investment and financial accounts. It’s also essential that you have your insurance information organized as well.
Here is some insurance advice and tips on ways you can organize and store your key insurance... Having a Baby? Here’s an Insurance Checklist
The birth of a child is certain to be one of the most significant events in your life. If it’s your first child, you’ll also face significant changes to your lifestyle. And as you might imagine for something so important, it involves a lot of planning. Many of the things to plan for, such as prenatal medical care, your child’s nursery, and childcare responsibilities, are certain to be on your planning checklist.
But what about insurance? As with any other significant change in your life, having a baby can significantly alter your insurance needs.
Here is a checklist of points...
Friday, October 26th, 2012
The birth of a child is certain to be one of the most significant events in your life. If it’s your first child, you’ll also face significant changes to your lifestyle. And as you might imagine for something so important, it involves a lot of planning. Many of the things to plan for, such as prenatal medical care, your child’s nursery, and childcare responsibilities, are certain to be on your planning checklist.
But what about insurance? As with any other significant change in your life, having a baby can significantly alter your insurance needs.
Here is a checklist of points... Common Reasons to Change Your Homeowner’s Insurance Policy
Thursday, September 20th, 2012
Your home is likely to be the most valuable thing you’ll ever own in your life. As such, it’s important to make sure that particular aspect of your finances is protected. You can take steps such as adding a home security system and taking other preventative measures, but at the end of the day you’ll still need to buy insurance.
Homeowner’s insurance is so important that when you obtain a mortgage from your bank or credit union, a condition of the mortgage will be that you obtain adequate insurance coverage. The amount of required coverage will initially be based upon...
Get in Control of Your Health Care Insurance Costs – Arm Yourself With Knowledge
Rising health care costs should be a concern of every individual. Even if you’re currently in good health and have an affordable health insurance premium, you know that things can change. As health care becomes more of a politically charged issue, there’s an even greater degree of uncertainty as to how things will be in the future. An insurance policy that was once affordable may quickly become too expensive as laws and regulations change.
What follows are some ways to take control of your health care costs – all of them involve doing some research and educating yourself. Use this...
Wednesday, August 1st, 2012
Rising health care costs should be a concern of every individual. Even if you’re currently in good health and have an affordable health insurance premium, you know that things can change. As health care becomes more of a politically charged issue, there’s an even greater degree of uncertainty as to how things will be in the future. An insurance policy that was once affordable may quickly become too expensive as laws and regulations change.
What follows are some ways to take control of your health care costs – all of them involve doing some research and educating yourself. Use this... Insurance Advice on When it Makes Sense to Buy Disability Insurance
As the insurance industry continues to evolve there are an increasing number of options for insurance coverage. We can insure ourselves against practically any type of risk we may encounter, so we need to decide which policies we need and are willing to spend our money on.
One type of insurance you might consider is disability insurance. Disability insurance provides you with ongoing financial benefits if you should ever be unable to work because of an injury, illness or other disability.
Here is some insurance advice for you to consider when trying to decide whether it makes sense for you...
Monday, July 16th, 2012
As the insurance industry continues to evolve there are an increasing number of options for insurance coverage. We can insure ourselves against practically any type of risk we may encounter, so we need to decide which policies we need and are willing to spend our money on.
One type of insurance you might consider is disability insurance. Disability insurance provides you with ongoing financial benefits if you should ever be unable to work because of an injury, illness or other disability.
Here is some insurance advice for you to consider when trying to decide whether it makes sense for you... 
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