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Common Factors That Will Impact Your Home-Insurance Quotes

Posted by on Aug 25, 2016 in Uncategorized | Comments Off on Common Factors That Will Impact Your Home-Insurance Quotes

If you are hoping to buy a new home in the near future, it is important to be aware of how the quotes for your homeowner’s insurance will be determined. While your credit score will usually have an impact on the total cost, information specific to your new home will also be considered. Therefore, the following information will be very helpful to consider as you tour available homes for sale in your area. The Age of Your Home While older homes may have the bigger kitchen that you crave and have unique character that newer models cannot duplicate, they can also present costly issues that are more challenging or time-consuming to repair. In addition, you may also find that the materials associated with the inner workings of older homes will similarly result in higher insurance costs. For example, if your home was built prior to 1978, there is a good chance that lead paint was used somewhere within its construction. Since lead paint has been associated with a myriad of health problems and its removal is recommended if you have young children, you may find that you will be responsible for higher home-insurance costs. In addition, it is fairly common to need to sign a waiver when you buy or insure the home that you are aware of the possible presence of lead paint in your older home. Asbestos poses a similar concern. The Materials Used in the Home’s Construction If you are in love with the wooden house on the corner, and your spouse is equally enamored with the brick house by the city park, it is a good idea to remember that the wooden home is likely to be more expensive to insure. That would be true even if the homes were completely identical in all other ways. The difference in insurance costs relates to the durability of the homes in question. For example, if a fire were to break out, the brick house is less likely to be destroyed as quickly as the wooden home is. In addition, termites are estimated to do approximately $5 billion dollars worth of damage in the United States each year, and roughly 600,000 homes are damaged by these persistent creatures annually. Therefore, wooden homes are more expensive to insure. In conclusion, home-insurance quotes are based on information specific to you and to the home in question. Therefore, the dollar amount associated with maintaining your homeowner’s insurance will vary from one house to the next. As a result, when you are concerned about the cost of that insurance, it is a good idea to consider the information above while looking for your future home. Call companies such as East Tennessee Mutual Insurance to find out more about what insurance quotes you can expect to get for various types of houses....

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Two Things You Can Do To Get More Affordable Automobile Insurance

Posted by on Aug 3, 2016 in Uncategorized | Comments Off on Two Things You Can Do To Get More Affordable Automobile Insurance

Car insurance is one of those things that you really can’t afford not to have.  It protects you if you happen to hit another motorist, pedestrian, or motorcyclist so you can avoid financial ruin in a lawsuit.  However, although automobile insurance is incredibly valuable, you may find that paying for it each month is starting to stretch your budget.  Don’t risk allowing your policy to lapse because money is tight; learn two things you can do to get more affordable vehicle insurance. Now May Be The Time To Move Are you planning on making a move sometime soon?  Moving is a prime time to rework your auto insurance.  Although you may not realize it, where you live does play a role in determining how much you pay for car insurance.  Many insurers use your zip code as a part of the algorithm that helps them formulate what your premium will be. This is done for several reasons.  For example, if you happen to reside in an area where there is a high incidence of stolen vehicles, insurance companies may consider you more risky to insure.  They have to account for the increased chance that your car could be stolen and they’ll have to pay out on the theft claim.  Because of this, your rate goes up. You may be amazed at how much you’re able to save by moving to a different zip code.  You can research different websites, such as this one, to see what the average cost of car insurance is in the communities around you.  If moving isn’t feasible for you right now, consider lowering the usage on your car.  Your employer may offer telecommuting, which will cut down on the amount of time you spend on the road.  If you are able to work from home, be sure to update your insurer with your new, lower usage so you can realize the savings. Defensive Driving Saves Money & Lives Defensive driving is the practice of operating your vehicle in such a way that minimizes the chance that you’ll get into an accident.  The course teaches a range of maneuvers and techniques that can help you avoid a collision.  If you’re willing to take a defensive driving class, your insurer may issue a discount once they have received receipt of a passing certificate from you. There are things you can do to drive down the cost of your insurance.  Start using these tips right away so you can keep more of your hard earned money in your...

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Should You Add A Terrorism Rider To Your Business Casualty Insurance?

Posted by on Jul 22, 2016 in Uncategorized | Comments Off on Should You Add A Terrorism Rider To Your Business Casualty Insurance?

Terrorism attacks are concerning everyone these days—activity by Islamic extremists, rogue gunmen, homegrown extremists and more has a lot of business owners on edge. The shooting at the nightclub in Florida this past June was another unfortunate reminder of how vulnerable businesses are to acts of violence. Is it time to add a terrorism rider to your commercial property insurance? This is what you should consider. Does your business stand a significant risk of attack? When deciding if you need terrorism insurance, it’s important to assess the likelihood that your business could be targeted. While any business could theoretically be the subject of an attack, the reality is that some businesses are also more likely to be targeted than others. For example, like the Florida nightclub, you may be at increased risk if your primary clientele is a minority group that has been the target of prior threats. If you work in energy, telecommunications, or transportation, your business could be attacked simply because it would have a significant disruptive effect on a mass number of people.  What does terrorism insurance cover? Terrorism insurance can keep your business alive by providing business interruption service. Business interruption service will compensate you for the lost revenue if the premises has to be abandoned or closed for a period of time. It also includes covers your operating expenses, like utility costs, which may continue even though the business is closed for a while. It will also cover physical damage to your property and equipment. The insurance covers acts of terrorism by both domestic and foreign groups or individuals. Can you get terrorism insurance? If you’re concerned that you won’t be able to get a terrorism rider (or afford it), don’t be. Thanks to the extension of the Terrorism Risk Insurance Act (TRIA) through 2021, terrorism insurance is still relatively easy to obtain. The underwriting process is still fairly simple since the government will help insurers bear the losses in the event of an act of terrorism that costs aggregate losses in excess of $5 million. As the private insurance market becomes increasingly competitive, rates in cities that are considered high-risk (Tier 1), like New York, are seeing insurance rates fall by as much as 10% over previous years.  In 2014, the cost of terrorism totaled $52.9 billion worldwide—the most expensive year on record since 2011. Given those statistics, and the likelihood that domestic and foreign terror groups are going to continue to be active in the coming years, this is one type of insurance that you might not want to skip. Consider talking to your insurance agent today, like those at Donaghy Kempton Insurors, about adding this rider to your current casualty...

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2 Home Security Measures That Can Help Lower Your Home Insurance Rates

Posted by on Jun 27, 2016 in Uncategorized | Comments Off on 2 Home Security Measures That Can Help Lower Your Home Insurance Rates

Home insurance is one of the most vital forms of insurance that you can have, mostly because it will help you protect one of the most expensive purchases that you will ever make: your house. However, having a recurring home insurance expense every month is not something that anyone enjoys dealing with, so it is important to find ways to reduce that expense. One of the easiest ways to reduce your home insurance rates is to make your home more security with the two home security measures listed below. Impact-Resistant Windows The single weakest point of your home that many intruders will target is your windows. A typical window can be exceedingly easy for a burglar to break open and access your home in a matter of seconds. In order to reduce the risk posed by your windows, you should consider impact-resistant windows that can slow a potential intruder down due to their unique construction. Impact-resistant windows will be made from two panes of glass that have a thin layer of adhesive film between them that holds broken glass in place when the window is broken. This film will require any burglar to break the two panes of glass and pry out the film that is holding the broken glass in place before entering the home, which is very time-consuming and can help deter the intruder due to the increased risk of someone noticing him or her trying to get into the home.This will lead to lower insurance rates as the risk of your home being successfully broken into will be reduced. Stronger Doors The front and back doors of your home are often going to be an attractive target for many burglars or intruders because they are typically not designed to be very durable, so reinforcing them and making it harder for an intruder to enter your house will decrease the odds of your having to make an insurance claim for stolen or damaged property. This can lead to your insurance company offering you a discount on your rates to reflect the decreased risk to your home. In order to make your doors stronger against intruders, consider replacing your exterior doors with ones that swing out instead of in as an outward swinging door can help absorb the impact from an intruder attempting to push or kick the door open. You will also want to consider replacing the strike plates on your front and back doors. The strike plate is the piece of metal that rings the hole in your door frame that the deadbolt goes into. However, most of these strike plates are made out of flimsy metal with short screws that only screw into the door jamb. This can allow easier access for an intruder because he or she can strike the door hard enough to rip the strike plate out of the frame very easily. Replacing your strike plate with one made out of more durable metal and that uses screws long enough to reach the stud can greatly reinforce your front door. Contact your home insurance provider today in order to discuss what steps you can take to both secure your home and qualify for a discount on your insurance policy. Impact-resistant windows and stronger exterior doors are both great security measures that can help protect your...

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Why You Need To Keep Your Title And Registration Up To Date

Posted by on May 19, 2016 in Uncategorized | Comments Off on Why You Need To Keep Your Title And Registration Up To Date

Title and registration fees are already expensive. To make things even worse, you don’t get a refund if you move before they expire, but you still have to pay the full fee to your new local DMV within just a few weeks of moving into your new home. Many people try to put off updating their title and registration until their current documents actually expire. This is a very bad idea. It’s both illegal and could end up costing you a lot of money. You Could Get a Ticket If you get pulled over, the police officer will usually ask if the address on your title and registration is still valid. Most states have laws requiring you to update your address within a certain number of days of moving. If you missed the deadline and tell the officer the address is wrong, you’ll probably be cited for having an invalid title and registration. If you lie and tell the officer the address is correct, you could be facing a ticket plus a charge of lying to a police officer if the officer finds out you lied. Your Auto Insurance Policy Might Not Be Valid Your auto insurance policy will probably have some sort of provision requiring you to notify the company of any address changes. This is because different areas have different risks and different rates. If you’re involved in an accident, the insurance company will almost surely find out your new address during the insurance claims process. If they find out you moved without telling them, they can legally cancel your policy and refuse to pay out for any claims. They also won’t help you to recover from the other driver if that driver was at fault. You Could Go to Jail If your insurance company finds out you’re using the wrong address, they might immediately cancel your policy and notify the DMV. Any police officer who checks your license plate will be notified you don’t have valid insurance. In most states, driving without insurance is a crime that could land you in jail. You Could Save Money On Your Car Insurance Moving doesn’t mean your insurance rates will go up. You may be moving to an area where rates are lower. In that case, your insurance company will adjust you to the lower rate as soon as you tell them you moved. To learn more about what to do with your title and registration when you move, contact a local auto insurance agent, like R L Jones Insurance Services Inc,...

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Why You Should Hire A Public Adjuster After Your House Floods

Posted by on May 6, 2016 in Uncategorized | Comments Off on Why You Should Hire A Public Adjuster After Your House Floods

Are you preparing to file a claim with your home insurance company for flood damage? You might want to hire a public adjuster before filing your claim, as he or she might be able to get you through the entire process in a smoother manner. Take a look at the information in this article to gain more insight about how a public adjuster can assist with your insurance claim. 1. Make Sure a Thorough Inspection is Done A public adjuster will be able to make sure all of the areas of your house that were affected by the flood are thoroughly inspected. The public adjuster will make sure that your claim to get compensated for making repairs is justified by experts who can prove that the damages were caused by the flood. For instance, a landscaper, electrician and foundation contractor might be hired to inspect the interior and exterior of your house when there is flood damage. By making sure that your house is thoroughly inspected, the public adjuster can make sure that you are compensated in a fair manner. 2. Contact the Insurance Company on Your Behalf It can be frustrating having to deal with a flooded house and the insurance company at the same time. You can end up settling for an amount of money that is less than deserved. A public adjuster will be able to start the claim process on your behalf and find out what kind of documentation the insurance needs to get started. The public adjuster will then gather the documented results from the inspections and make sure that it is sufficient enough to prove flood damage to your house. By allowing the public adjuster to deal with the insurance company, it can help you avoid being asked for further documentation that might slow down the approval process. 3. Provide Assistance After the Settlement is Received One of the things that a public adjuster can assist with after your settlement is received is making arrangements for temporary housing. It can be hard finding a place to live until your house is restored, but a public adjuster will make the task less stressful. He or she might also be able to arrange for your belongings that are still in good shape to be placed inside of a storage unit. The specific services provided will depend on who is hired for the job. Contact a public adjuster about your flooded house as soon as possible. Contact a company like Skipton Claims Management for more...

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What To Do When Your Auto Insurance Rates Are Higher Because Of Moving Violations

Posted by on Apr 21, 2016 in Uncategorized | Comments Off on What To Do When Your Auto Insurance Rates Are Higher Because Of Moving Violations

Auto insurance rates can go up and down for a variety of reasons. However, you might be worried if your premium has risen because of moving violations like speeding tickets; you might not think there is anything you can do. Fortunately, the following actions may be just what you need to lower your auto insurance costs. Drive Less One of the first things to do when your insurance costs climb is to start driving less. Insurance companies arrive at your insurance rates by considering a number of things about you, including the frequency of your driving. If you drive a lot each day, there may be an increased chance that you’ll get tickets for moving violations or get into an automobile accident. If you aren’t driving very much, you don’t have as high an opportunity to have any insurance-related issues. That’s why it’s a good idea to look for other ways to get around. You might, for instance, come to an agreement with co-workers to share driving responsibilities each day. You might just leave your car at home and take the train to your job. Then, notify your auto insurance company about the changes you’ve made. You might very well have your premium reduced. Head to Driving School If you can show your auto insurance carrier that you are learning to be a safer driver, you may start paying lower insurance costs. A way to prove you’re making an effort to be a safe driver is to head to the nearest driving school and take a class or two. You may take a course in defensive driving or you might take a night driving course. These courses can then be used to have your insurance costs reduced. In addition to lowering insurance costs, you may also want to ask your local court or police department which specific classes will enable you to be rid of points you have gotten on your license because of moving violations. Ask About Telematics Devices One modern way to prove that you are driving safely and deserve lower insurance rates is to have a telematics device put into your vehicle. Plugged into your car’s diagnostic port, such a device can track mileage, hard stops, excessive speeds and other information about your driving. The information on the device is transmitted to your auto insurance carrier wirelessly. Because your insurance company has verifiable facts about the way you drive, you might be able to bring your insurance costs down. If you start taking action with the tips above, you may soon see your auto insurance costs come down again. Talk to your local insurance agency, such as Hamsher Insurance, for more suggestions and to find reasonable policies that may be appropriate for...

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Home Insurance For An Unoccupied Or Vacant Home

Posted by on Apr 4, 2016 in Uncategorized | Comments Off on Home Insurance For An Unoccupied Or Vacant Home

Who would think that going south for the winter could lead to cancellation of your home insurance? Unfortunately, it can happen if you don’t inform your insurance company of your plans. Insurers often consider unoccupied and vacant homes at a higher risk for fire, theft, vandalism, and other damage. Most insurers also make a distinction between an unoccupied and a vacant home – a distinction that can cost you more money in insurance dollars. Insuring an Unoccupied Home Even though you intend to return to your home once warmer weather arrives, your insurance company may only allow your home to sit unoccupied for a specified number of consecutive days before it will require that you add an endorsement to your existing home insurance policy. Your policy should state how long you can wait before notifying your insurance company that your home is unoccupied. How much more your premium will cost for the additional coverage depends on how long you will be away leaving your home unoccupied. However, your insurer may charge you less for extra coverage if you show that you’ve taken steps, such as installing alarm systems, motion-sensitive lights inside and outside the home, and smoke detectors, to protect your home. Winterizing your home by turning off the water supply and draining the pipes also helps protect it against damage while you are away. If you hire a house sitter while you are away, your insurance company may not charge you more for the endorsement since it will consider the home occupied. But not all insurers feel that way. House sitter or not, since you, as the owner, won’t be occupying the property for that time, the insurance company still may consider the home unoccupied. Insuring a Vacant Home Insurance companies usually consider a home vacant if it sits empty – meaning none of your personal belongings are inside. For instance, if you build a new home and move out of your old home before you sell it, you may need to buy a separate home insurance policy for the home you vacate. Some insurers may allow you to buy an endorsement, but it may not offer as much coverage as a standard home insurance policy. Even if you take out a separate policy, the vacant home may only be covered for fire or wind damage and not vandalism or water damage caused by broken pipes. No matter how limited the perils the policy covers, it may cost you more than a typical standard home insurance policy since insurers generally consider completely vacant homes a higher risk. Although not all companies are willing to insure vacant homes, some insurers specialize in offering policies for vacant homes. For more information, contact Farmers Insurance Group or a similar...

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4 Tips To Better Utilize Your Home Insurance

Posted by on Mar 28, 2016 in Uncategorized | Comments Off on 4 Tips To Better Utilize Your Home Insurance

As a homeowner, having home insurance is a must to ensure that you are protecting yourself financially. If something were to happen that caused damage to your home, you would want to be able to repair it, after all, without having to worry about putting yourself in a heap of financial stress. On top of this, you may even be required to have home insurance by your mortgage lender. Here are four tips to help you to better utilize your home insurance so you are taking full advantage and are adequately covered: Understand Your Home’s Value: There are two values that are considered your home’s overall value: the market value of your home, which is the price that a buyer would purchase your home based on the competitive price in the area, and the replacement value. When it comes to being sure you are adequately covered through your home insurance, you want to know the replacement value of your home since the market value can be much higher or lower than this. Have an assessor come to your home to evaluate and provide you with a rough estimate on the replacement cost of your home. This is how much coverage you want in the case that your home is completely destroyed and needs to be rebuilt.  Know What is Covered: Home insurance may not cover what you think they cover. For example, if you live in an area that has a high risk of flooding, your home insurance may not cover that. Instead, you will have to purchase additional coverage in order to be covered for this situation. Be sure to look over what natural events may not be covered on your policy and ask your home insurance agent what you can do to add that type of coverage to your policy.  Install a Security System: Installing a security system that is attached to your local police station can save you a great deal on your home insurance. This is because home insurance companies know that your security system is going to alert authorities right away, which will help prevent a great deal of theft and damage done to your home by a thief.  Consider Your Home Insurance When Renovating: When you renovate any area of your home, you want to keep your home insurance in mind. For example, if you are adding a room onto your home, you should construct it with high-quality materials, such as cement or steel. If you use wood, your home insurance premium is probably going to increase.  When you use these four tips to better utilize your home insurance, you can be sure that you get the most out of it and spend your hard-earned money on your policy more efficiently. Contact a firm like Accredited Insurance Group Inc for more...

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Addressing Two Concerns About SR-22 Insurance

Posted by on Feb 23, 2016 in Uncategorized | Comments Off on Addressing Two Concerns About SR-22 Insurance

Auto insurance is one of the most important things that a person can have to ensure that they are protected from the financial consequences of an accident. Unfortunately, auto insurance can be a particularly complicated topic, and it is something that you may struggle to understand. This can be particularly problematic when you are required to have SR-22 insurance. For those that are unfamiliar with this type of requirement, it is important to understand the answers to a couple of basic questions. What Is A SR-22 Insurance Policy? There is a common assumption that SR-22 insurance is a special type of policy that a person must be required to carry. However, this is actually far from the case. Rather, this is just a type of document that a person must file to show that they have the legally required minimums for automobile insurance. As a result, you may not have to change your policy, but rather, you will need to have the insurance file the appropriate paperwork with the local Department of Motorcycles. While you are not required to purchase a new insurance policy, it should be noted that many insurers may decline to cover drivers that are required to have this type of document. Will Needing A SR-22 Filing Impact How You Pay For A Policy? One of the more interesting facts having an SR-22 document is that you may be required to pay for the total cost of the insurance policy upfront as opposed to being able to make monthly payments. This is due to the fact that these documents certify that the driver is guaranteed to have the required insurance coverage. To avoid individuals simply dropping insurance once they receive this document, they are required to pay for the total price of the coverage for the duration fo the contract. While this may be inconvenient, it is the only way to meet the requirement of being issued an SR-22 document. Being an insured driver is a legally required obligation for anyone that decides to operate a car on public roads. If you have been ordered by the courts to carry an SR-22 document, it is critical for you to understand the basics of this type of requirement. Knowing that an SR-22 document is not a special type of insurance as well as understanding that you will have to pay the total price of a policy upfront before being issued this document will help you to be better informed about this requirement. ...

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