First Time Drivers: How Deductibles Work

As a first-time driver obtaining car insurance for the first time, all of the options and language surrounding getting car insurance can easily become overwhelming. Here is a quick guide to help you understand exactly what a deductible is, how it works, and how it affects your premium.  What Is A Deductible? Depending on the type of insurance that you purchase, your insurance provider will cover the damage that your vehicle sustains in an auto accident via your collision coverage or due to a natural disaster or other unforeseen circumstance via your comprehensive coverage.

Medicare MSA Plans: FAQs

Medicare offers a variety of insurance plans to help ensure that people who are 65 years of age or older have the medical coverage that they need. These Medicare plans are administered by private insurance companies that have been contracted by the government. Traditional Medicare includes Part A and Part B coverage. Part A covers inpatient bills that are considered medically necessary, such as hospital care and services received in a skilled nursing facility.

When Is Liability Insurance Enough?

For many people, just meeting monthly expenses can be challenging. After you pay the mortgage, utilities, and grocery bills, paying for full coverage car insurance can seem like too much. However, reducing your coverage can be risky. When is carrying only liability insurance enough? Liability Insurance All except one state requires that its drivers carry some sort of liability insurance. A liability policy protects you by paying for the other driver's property damage and medical expenses when you are at fault in a collision.

3 Things Your Life Insurance Policy Will Help To Pay For

Life insurance is an important part of every person's emergency preparedness. Although you hope that you will never have to access a policy, it is vital that you have good coverage so that if your family does need your life insurance they are well taken care of. Here are a couple things that your life insurance policy will cover in the case of an emergency. 1. Living Expenses If you are the primary breadwinner, you should be sure that your life insurance policy has enough to keep your family afloat for a while after you pass away.

5 Little-Known Ways To Save Money On Your Homeowner's Insurance

Buying a first home can be one of the most exciting rites of passage for any adult, and that thrill is not likely to be reduced when the second home is bought. Whether you are a first-time homeowner or an experienced real estate investor, you want to put money into your home whenever possible. Therefore, saving on things like homeowner's insurance is a must. Here are some little-known ways that you can save big on homeowner's insurance.

3 Things To Keep In Mind When Shopping For A Better Car Insurance Rate

Car insurance is something that all drivers should have. Not only is it required by law, but it can protect you financially in the event of an accident or if your car is stolen. At some point, most people wonder if they can get a better car insurance rate than they already have. This leads them to look at ways to reduce the cost of their premiums with their current insurer, as well as to look at other car insurance companies to see their rates.

Steps That May Lower Homeowners Insurance Premiums

When you buy a new home, you need to purchase homeowners insurance (from a provider such as Ronald H. Krupa Insurance Agency) as well. This is usually a condition of any mortgage lender in order to get a mortgage on the home. There are a number of ways to get a lower premium on your insurance policy.   Reconsider Policy Amount  Many people get their insurance in the amount that they paid for the home, and this can sometimes be more insurance than they need.

Q&A For Medicare Supplement Plans

If you are considering supplemental insurance to help pay for things that your Medicare policy does not cover, you may feel that you don't know enough to make a final decision on whether or not to add the coverage. Medicare Supplement insurance plans, which are also called "Medigap" policies, helps pay for uncovered medical costs, such as deductibles and co-payments. Although Medicare Supplement plans and Medicare Advantage plans may be offered by the same insurance company, they offer different coverage.

Finding the Best Insurance Rate When Your Teen Starts Driving

If you have a teenager who is just about ready to take their driver's license exam, you will most likely be a bit wary about what to expect with increased insurance rates when they hit the open road. There are a few ways you can save on insurance when adding a teen to your policy. Here are a few options you may have available when insuring a teenager. Shop Around

Do You Need A Medicare Supplement?

If you're planning to retire soon, you may be anxious about leaving the world of employer-sponsored healthcare for Medicare. While the varieties of coverages and supplements can seem overwhelming at first, you'll soon become an expert at primary and secondary coverages and calculating your health costs. One important part of the health care puzzle involves supplementary coverage for certain procedures and services that aren't always covered by your ordinary Medicare plan.

Ways To Cut Cost On Your Auto Insurance

Are you paying too much for your monthly car insurance premium? If so, this could definitely be hurting your finances, especially if you are already on a budget. Well, rather than skip a payment or consider removing some important coverages from your policy, there are a few ways that you can reduce the cost of your car insurance, without having to eliminate important coverage. So, when adjusting your car insurance policy, you may want to consider

2 Important Tips About Cheap SR22 Insurance When You Do Not Own A Car

If you have been convicted of driving under the influence of drugs or alcohol, driving without insurance or owe back child support, you may be considered by the state in which you live to be a high-risk driver. If that happens, your driver's license could be suspended and most states will only allow you to continue driving when you obtain SR-22 insurance, which provides more coverage than a standard policy. If you drive without the required insurance and permission to drive by the state, you could be fined or arrested, as driving with a suspended license is illegal.

Ways To Lower Your Car Insurance Rates Without Changing Your Company

If you are not happy with your current car insurance rates, one quick way to improve your rates is to find a new car insurance company. However, if you do not want to switch your car insurance provider, there are ways to can have your rates lowered. Some of these changes are very simple and can be made online. Pay Online If you are mailing your payments, you might be charged an extra fee for processing payments by mail.

3 Questions To Ask About Insurance For A Rental Property

Do you have a property that you wish to rent out? Is it your first time being a landlord? As a landlord, one of your biggest responsibilities will be to maintain the property. As is the case in any home, sometimes those maintenance and repair costs can be extremely high. That can be especially true if the damage was caused by a fire or severe weather. Having the right insurance policy can protect you from serious financial loss.

Could Tracking Your Driving Lower Your Insurance Costs?

When it comes to auto insurance rates, for a long time, companies mainly used demographic information to judge how much of a risk you were as a driver. If you were a member of a group that got into a lot of accidents – say, someone in their early 20s with a sporty car – you would be considered a high risk and have to pay higher rates. If you're a safe driver and looking to lower your insurance rates, it's worth looking into a new alternative: usage-based insurance, or UBI.

Teaching Road Safety To Your New Teenage Driver

Commercial driver's education courses do a great job of teaching your child the basics of driving, such as where controls are located, how to recognize road signage, when to use turn signals, and so on. However, knowing how to drive safely and defensively is equally important. Teaching your new teen driver such important aspects of driving shouldn't be left up to someone else. Here are some things to cover before you hand over your car keys to your new teen driver.

How To Avoid Being Sued For Dental Malpractice

While dental malpractice insurance from a company like HMBD Insurance Services is there to help you protect your livelihood, you want to do everything you can to avoid needing to use it. You'll find the tips below helpful when it comes to avoiding being on the receiving end of a dental malpractice suit. Keep your staff well-educated You want to make sure your staff is knowledgeable in all the areas they are going to be responsible for.

Auto Insurance Claims Of An Unusual Sort: What To Do When The Other Driver Isn't Driving A Car Or Truck

Auto accidents can happen with or without another car or truck involved. In fact, it is possible to obtain damage to your car when you are not even in it, as is the case with a hit and run accident. If you find yourself in one of these unusual accidents, it is best to be prepared in advance. Check with your insurance agent to make sure you are covered for any and all of the following accidents:

Buying Home Insurance: 3 Important Tips to Consider First

As a homeowner, one of the most important decisions you will ever have to make is purchasing home insurance. There are several tips you should be aware of that can make the buying process less stressful. Understand the Different Types of Home Insurance One of the most important things to consider is what types of home insurance you have access to. There are a lot of great types today, which include HO1, HO2, HO3 and HO5, HO6, cash value and replacement value insurance.

Top Dog Breeds That Can Make Your Homeowners Insurance Jump

You may not think much of it, but the hairiest, friendliest member of your family could cause your homeowners insurance to skyrocket. Many major insurance carriers continue to limit coverage over specific dogs despite the recent backlash by the American Kennel Club. Some states are considering barring breed discrimination by insurers. Until then insurers insist on targeting large dogs that can inflict a lot of damage. Before you pick a dog, consider the following insurance information.

Are You Committing Rate Evasion?

Unlike what most people think, fraud is a real problem in the field of car insurance. While it's not as prevalent as in both the life and health insurance sectors, it costs a lot of money to insurance firms and honest policyholders each year. Often referred to as rate evasion, car insurance fraud is a fast growing practice allowing a driver to pay less for their insurance premiums than they normally should.

How Your Business Location Affects Your Insurance Rate

Business insurance is essential any time you own a business, as it helps you to protect your assets from unexpected events. However, the rate of your insurance can vary based on a number of factors. One of those factors is the location of your business. Everything from the local crime rate to the risk of natural disasters can change your insurance coverage and how much it costs. Here are some things to know about your location and insurance rate.

Low Discount Auto Insurance Rates For Qualifying College Students

Many college students must use student loans to pay for their education. Then there are boarding fees or apartments to be leased, which is another expense. There is hardly money left over to pay high rates for car insurance, which a number of students need --especially if they live in rural areas where there is no mass transportation. However, students can find affordable auto insurance rates that give them a break.