||Last Updated: Jul 2nd, 2008 - 21:15:22
What Isn't Covered By Your Homeowners Insurance?
Many U.S. homeowners mistakenly believe that standard homeowners insurance protects them from a wide array of perils, according to the National Association of Insurance Commissioners (NAIC). In fact, typical property and liability policies do not cover home damage from floods, earthquakes, water line breaks, termites, mold and several other disasters.
Jun 23, 2007, 12:52
Ready To Buy A Home? Don't Forget Title Insurance
The National Association of Realtors projects that 6.4 million resale home sales will take place this year. If you are one of those homebuyers, you're keenly aware that this will likely be your largest single investment. Many will purchase homeowner's insurance to guard against forces such as fire, theft or wind damage. But what about other, hidden hazards that may threaten their financial investment?
Apr 22, 2007, 11:33
Tips to Keep Your Teen's Auto Insurance From "Wrecking" Your Budget
Students across the country are gearing up to go back to school which means shopping for everything from clothes to school supplies. If you're a parent of a newly licensed teen driver, there's one more "must-have" added into the mix-auto insurance. According to the Insurance Institute for Highway Safety (IIHS), drivers between the ages of 16 and 19 years old are four times more likely to be involved in an automobile crash than any other age group.
(NAPSI)-Students across the country are gearing up to go back to school which means shopping for everything from clothes to school supplies. If you're a parent of a newly licensed teen driver, there's one more "must-have" added into the mix-auto insurance.
According to the Insurance Institute for Highway Safety (IIHS), drivers between the ages of 16 and 19 years old are four times more likely to be involved in an automobile crash than any other age group. So, it's understandable why adding your teenage son or daughter to your auto insurance policy can result in a significant premium increase.
"The crash statistics are stunning-and the price increase that results from adding a teen to your policy can be, too," said Rick Crawley, a product development manager, Drive Insurance from Progressive. "Auto insurance companies charge premiums based on their cost of doing business and because each company's costs are different, they each charge different rates. Just because you've been with the same insurance provider for years, that doesn't mean they are able to provide you with the best price-especially when adding a teen driver."
While it's nearly impossible to avoid a rate increase when you add a teen driver to your policy, the following tips may help curb the sticker shock.
• Shop around. Each car insurance company's customers have different claims experiences which can result in each company charging drastically different rates for similar coverages. By simply shopping around you could save hundreds of dollars. Keep in mind that while some insurance companies offer good student discounts or discounts for taking a driving class, the key to savings is the final price. A company that offers new discounts may have a lower overall price.
• Don't go solo. In a majority of cases, teen drivers who are added to their parents' policy benefit from their price breaks such as discounts for owning a home, having several vehicles, being married, etc.
• Consider raising your deductibles. It's been estimated that raising your deductible to $500 could reduce your collision and comprehensive premium by 15 to 30 percent.
• Ask an expert. An independent insurance agent or broker who represents a number of different companies can help ensure you are paired up with one that best meets your insurance and your budget needs.
"The good news is you can expect a teenager's rate to go down with time," said Crawley. "By being responsible now, teens can pave the way to lower rates in the future."
You can find an independent insurance agent or broker by looking in the Yellow pages or by visiting driveinsurance.com and using the "Find an Agent" tool.
Aug 20, 2005, 20:57
There Is Help For Children Without Health Care Coverage
There is good news for the parents of the 8.4 million children in the U.S. who do not have health insurance.
Most of these children are eligible for low-cost or free health care coverage through Medicaid or the State Children's Health Insurance Program (SCHIP).
Parents can find out how to enroll their uninsured children in these programs by calling toll-free 1 (877) KIDS−NOW.
Aug 20, 2005, 20:56
College-Bound? Do Your Homework on Insurance
If you or your child is college-bound this fall, don’t forget to review your insurance. By making sure the student’s possessions are protected in case of theft, fire and other damage while they’re at school, you could save yourself a lot of stress and expense later on. Plus, certain policy updates could save you money -- a real bonus for anyone footing tuition bills!
Aug 20, 2005, 17:30
Health Insurance 101: A Cheat Sheet for College Graduates and Their Parents
College graduation is an annual ritual that ushers students into the real world. But with the real world comes responsibility -- jobs, taxes, bills . . . and health insurance. Yes, health insurance. It’s a critical yet often overlooked safeguard that can easily fall to the bottom of a new grad’s “to do” list, especially since most are in the prime of their health.
Below is some advice to help smooth the transition for those accepting their diplomas and possibly a new job to become part of the working world. It’s important for new graduates to become informed consumers and research their options. Online resources like PlanforYourHealth.com offer tips and tools to help new job seekers understand the health and financial value of a health benefits plan. Plan for Your Health, a public education campaign from Aetna and the Financial Planning Association (FPA), can help new grads make the most of their health benefits choices.
Aug 20, 2005, 17:26