insurance facts
The Pros and Cons of Bundling Insurance Policies
Bundling insurance may be a good way to save money, but there are pros and cons of bundling insurance policies. It’s a common myth to assume it’s the best choice. Not only might you not save money, but you might not get the best coverage because you’re eliminating other policy possibilities. Understanding how bundling insurance […]
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Questions to Ask Your Insurance Agent
Questions to Ask Your Insurance Agent Insurance provides immense financial protection, but only when you buy the right policy. Getting sucked into a bad policy, overpaying, or not obtaining proper coverage can backfire on you during your time of need. Since that’s the last thing you want, it’s essential to understand the questions to ask […]
Read moreAre Older Cars Cheaper to Insure?
It seems to make sense – older cars should cost less to insure than new cars. After all, they cost less than newer cars, right? [sc_content_link label=”Get today’s insurance rates.” cat=”auto”] While all of this is true, it’s not a general rule that older cars are cheaper to insure than newer cars. Depending on the […]
Read moreThe Ultimate Guide to the 2019 HSA Contribution Limits
Every year, the IRS announces maximum contribution limits for HSAs. In 2019, you can contribute up to $3,500 for single coverage and $7,000 for family coverage. In order to qualify for an HSA, you must have a deductible of at least $1,350 for single insurance or $2,700 for family insurance. If you are over the […]
Read moreHow do Insurance Companies Make Money?
Insurance companies typically don’t make money on your premiums. The money collected from premiums helps insurance companies pay out on claims. The time in between collecting the premium and paying claims is when the money making occurs for insurance companies. [sc_content_link label=”Get today’s insurance rates.” ] Keep reading to learn how this works. Premiums Collected […]
Read moreFrom A to Z: Commonly Used Insurance Terms and Definitions
How much do you know about insurance? It’s a world filled with words that sound difficult to understand. But if you were to start protecting what’s important to you, it’s time to brush up on your knowledge of insurance terms. Yes, there’s a handful of common insurance terms and definitions that should give you a […]
Read moreHigh Risk Occupations Needing Life Insurance
Not many dare discuss about death. The topic is too sensitive to them, some even cringe and feel uncomfortable hearing the word. To most of us, death equals loss. It is seen as the end of life, and not a part of it. Yes, it is true that it is the terminal point of existence. […]
Read moreBe Informed: Why Do You Need to Read Your Insurance Policy?
Read through your insurance policy and understand its terms. There’s no denying that insurance claims can be denied. Per the Department of Labor, at least one out of seven claims under employer health plans is initially denied. That results in 200 million claims denied every year. While it is ultimately the insurer’s decision to deny […]
Read moreLiberty Mutual to Retire Regional Brands
Yesterday, in an announcement in the Insurance Journal, Liberty Mutual Insurance spokesperson Chris Goetchus shared his company’s plans to retire eight of its regional brand names, currently sold exclusively via independent agents. The brands affected, all commercial lines, are America First Insurance, Colorado Casualty, Golden Eagle Insurance, Indiana Insurance, Liberty Northwest, Montgomery Insurance, Ohio Casualty, […]
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