You probably want the straight facts and cold, hard truth regarding insurance, not just the random and unproven ramblings of a random Internet user. Plenty of people who call themselves gurus are around, but you have to be able to discern truthful information from legitimate sources. Chances are that the tips here will help you out.
If you are in a situation where a claim might be filed, stay calm, and act more like a detective. The proof that you have will give your insurer a reason to back you, should things go to court, and it will also help your claims move along faster.
Proper insurance is vital for the small business owner. Check what your policies will cover, and fill any holes in coverage with a new or different policy
Always have a secure place to keep your policies, contact information, and including pictures of the insured property is a wise idea. You need to have multiple copies of insurance information in different places. If your home burns down, you’ll regret not keeping a copy of your homeowners’ insurance in your car. Use a fireproof safe inside the house to hold all important documents.
Your state will have an insurance agency who can help you to compare information on various insurance companies. Insurance companies are state-regulated, so price hikes and consumer complaints have to be filed with your state’s Department of Insurance. State insurance regulatory authorities receive filings, and must approve rate hikes in premiums. Research on the Internet to figure out which information is part of the public record.
After an accident, many towing companies will move your vehicle to a towing yard. If this happens, you should quickly respond by having the vehicle removed from the yard as soon as you possibly can. Leaving it there too long can increase your daily fees, which the insurers will not pay.
Disability insurance can make a world of difference when you are faced with a medical situation in which you miss work. Verify that your employee health plan offers this. Dependent on what you’ve purchased, disability insurance can provide you a percentage of your full salary while you’re not working due to your illness.
Smokers pose a greater risk because of the many accidental fires caused by cigarettes. When choosing insurance policies, seek out every discount you are entitled to, which includes a non-smoking discount.
Look into insurance that covers multiple aspects of your insurance needs. This can mean having one provider to cover your home, your vehicles and your boat. This kind of coverage should make filing a claim much easier. In addition, you could have significant discount rate savings, than if you cover each item individually.
One quick way a smoker can reduce insurance costs is to quit. Being a non-smoker will lower your health insurance costs, as you will have fewer smoking related health problems. Life expectancy will go up and, as a result, your insurance costs will go down.
To make sure any insurance claims you make go smoothly, take the time to document every step of the process. Keep a record of all the conversations you have. This will serve as a time line as far as the progress of the claim. Always send a letter asking for a written confirmation after talking to someone on the phone.
In summary, you want to be careful who you take advice from with regards to insurance. You need the right information to be conveyed to you clearly and accurately. With luck, the tips you have found above have answered many of the questions you have had about insurance.