UG Insurance Brokerage Inc Blog
Do you find your business secured in the future crisis? Well, an investment in an insurance agency will help you cope with the future problems that may arise. It can protect your company from financial loss or bankruptcy. Moreover, this security can help you regain the business value if damages and lawsuits occur.
In some cases it is very obvious when a homeowner's insurance claim should be filed. If there has been a fire, a burglary, or major vandalism, there is no doubt you should call your insurance company right away. But in other cases, some small claims might be best kept off your insurance records. It all depends on the cost of the damage, the amount of your deductible, and how it could affect your future premiums.
How Much Is Your Deductible?
If the amount of the damage or loss is less than or even right around the amount of your deductible, there is really no point in filing a claim. You won't really get anything out of it other than a claim on your record and a potential increase in your monthly premiums. Whenever something occurs such as damage to your home, get an estimate on the repair before you call in a claim. It might not be worth it to get the insurance company involved. It's a personal choice how far beyond the deductible amount the cost of repair or replacement needs to be before the claim is worth it. Remember that it can hurt you in the future if you make too many small claims.
Increases In Premiums And Worse
The more often you use your homeowner's insurance to make a claim, the more likely it is your rates will rise. Worse than that, if you have too many claims your insurance company may set your policy to non-renew. That means they have decided that you are too high a risk to insure any further and will not allow you to renew your policy when it expires. Although few people make enough claims for this to happen, a lot of small claims can get you there.
Before you make a claim against your homeowner's insurance, make sure that it is worth it financially, that you will actually get something out of the claim, and that it won't hurt your future with the insurance company. Increases in rates are not unusual and will usually go back down again after a certain period claim-free. When you decide to make a claim, make sure that the increase in premium balances out against what the insurance company will pay out on the claim. If the loss is a small amount in relation to the deductible, consider paying it out of pocket rather than filing a claim.
Can you predict death? Of course, no one does. Having preparation before this unfortunate thing happens secures the stability of loved ones. Life insurance pertains to the guaranteed payment or benefits that the insurer will give to the chosen beneficiaries of the policyholder.
Shopping around for auto insurance is the best way to make sure you are getting the best deal. But not every agent or insurance company quotes in the same way. It's important to be sure you are comparing apples to apples when you compare auto insurance quotes to ensure that you are getting a great deal. That low price may come with lower coverage or higher deductibles and might not be such a great deal after all. Learn how to compare auto insurance quotes for a truly good rate.
Are The Coverages The Same?
When you read over an auto insurance quote (and do read it-ask for it to be emailed or faxed to you, as mistakes can be made over the phone!) look to be sure that the numbers listed for liability limits, uninsured motorist coverage, and the comprehensive and collision deductibles match up. Then look for additional coverages that are listed on the quote, such as roadside assistance. Make sure that all of the quotes you compare list exactly the same coverage, for accurate comparison.
Is The Policy Term The Same?
Some rates look absolutely incredible-until you realize the policy term is only six months. Some companies offer different policy terms as well as different payment plan options. If you plan to make monthly payments on your policy, be sure to ask for the monthly premium. It isn't necessarily as simple as dividing a yearly premium by twelve. Many insurance companies charge fees for the privilege of paying your premium on a monthly basis, which can make the total yearly cost of the policy higher than quoted.
Are The Discounts The Same?
An auto insurance rate may appear lower because it was quoted with a discount such as auto/home which you may not necessarily qualify for or desire. If you don't plan to take out a homeowner's policy with the same company, make sure they haven't quoted it that way. Also check for other discounts; they won't all match up, as every company offers different discount options. The best thing to do is to compare which discounts you do qualify for, with each company, to help determine who is offering the best discounts. Be on the lookout for discounts that don't actually apply to you and will likely be removed by underwriting after you accept the policy.
A good quote will be simple, straightforward, and easy to read. It will outline all of the coverage included in the quote and apply only those discounts for which you truly qualify. An inaccurately low rate in the quote won't do you much good if it changes once you accept the policy.
Your engine is made up of plenty of metal parts, and because they often rub against each other, they also need enough lubrication to prevent overheating. As essential as it may be to change your car oil, there are several factors you need to consider.
Unbeknownst to most people, the room lighting isn’t only for decoration; it gives effects to when you sleep and the amount of brainpower you use. So, you’ll want your home to have the proper lighting in every room, mainly because it’s where a significant portion of your life is spent.