Posts made in July, 2016

Under What Circumstances Should You File a Homeowners Insurance Claim?

Posted by on Jul 28, 2016 in Home Insurance | 0 comments

Under What Circumstances Should You File a Homeowners Insurance Claim?

Under What Circumstances Should You File a Homeowners Insurance Claim? Whether it’s damage due to a natural disaster or an unexpected accident or break-in, knowing when you should file a home insurance claim and what the consequences will be either way, is important.  So when should you file a home insurance claim and what will that mean for your future rates?  Here are some things to consider before contacting your insurance company. Assess Your Options The first thing to consider when making a home insurance claim is whether your current policy will cover the claim or not.  You should know exactly what your insurance covers before you ever need to make a claim; however, checking on the specific claim you are going to make-before contacting your insurance company-will give you the upper hand. Once you have determined whether you are eligible or not, the next thing to consider is whether a claim is necessary.  There may be instances when the deductible for your particular claim is higher than the costs, and in that case a claim would be a waste of time.  You may also want to consider if the overall cost is worth any potential rate increases that may result from a claim. Contacting Your Insurance Company If you do decide to make a claim, arming yourself with all the necessary information will make the process go quickly and smoothly.  Be sure you have all your insurance policy documents readily available, as well as any documents that relate to the claim-repair estimates, police reports, and photographs.  It is also a good idea to keep track of all contacts with your insurance provider, in case a dispute occurs. In most cases, making a claim on your home insurance is a good idea.  Keeping calm, organized, and informed can make the process stress free as well. For more information, give us a call at:...

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The Top Three Factors Affecting Life Insurance Premiums & Qualification

Posted by on Jul 15, 2016 in Life Insurance | 0 comments

The Top Three Factors Affecting Life Insurance Premiums & Qualification

You might never have really thought about what it takes to qualify for a life insurance policy or what affects the premiums you pay. By the time you get around to figuring it out it could be too late. Here are the top three factors that go into determining what you will pay for your life insurance coverage as well as whether or not you will qualify for coverage. Occupation & Hobbies If you have a dangerous occupation such as a firefighter, or engage in potentially dangerous activities like certain sports, this can affect your eligibility for life insurance as well as your premiums. When you put your life in danger either at work or at play, the insurance company sees a higher risk of paying out on the policy. In some cases they may deny you altogether simply based on the activities you engage in regularly. These are some of the major factors leading to insurance company decisions regarding life insurance premiums and whether or not you qualify. Some of them can’t be changed, while others can-and you should take them all into consideration if you want to get the best rate on your policy. Age The older you are, the more you will pay for life insurance. When you take out a policy at a younger age, the company expects that you will be paying the premiums for a much longer time period, and therefore your monthly payments will be smaller. The older you get, the shorter the time period during which they can expect to receive payments from you.  This means they will increase the premiums accordingly.  Your age also has an impact on your health.  The older you are the more likely it becomes that you will develop a serious health condition that could make it even more likely the company will pay out on the policy. Health Everything about your health will be taken into consideration when you apply for a policy. Most companies will require at least a questionnaire filled out, if not a visit from a doctor or nurse to check up on your overall health. This includes things like your weight to height ratio to determine if you are overweight, blood tests to check cholesterol and look for serious illness, and sometimes more. They will ask about your lifestyle as well as smoking, drug, and alcohol use. Even what seems like a minor health issue can result in a higher premium amount, because it could develop into something more serious later on. These are the top three factors leading to insurance company decisions regarding life insurance premiums and whether or not you qualify. For more information on the variety of life insurance products we offer, please contact us:...

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