Common Life Insurance Mistakes
There are different situations that push people to purchase life insurance, such as starting a business, buying a house, getting married or having kids. But ultimately, investing in life insurance is prompted by the desire to protect our loved ones from a having a hard time in paying the bills or settling debts in the future, when we, the policyholder, pass away. Unfortunately, some common mistakes when purchasing life insurance can lead people to having the wrong policy, being underinsured or suffering a decline in life standards. Let’s go over these common life insurance mistakes that we need to avoid. Procrastinating Many peopl... Read More
A Guide in Choosing the Right Home Insurance Policy
Now that you’re one step to becoming a homeowner, it’s right to purchase home insurance policy to protect your valuable investment, including your personal possessions. Getting the right home insurance in Frisco TX is a matter of knowing the basics and comparing quotes before you sign the dotted line. Here are tips in picking the right home insurance policy. Know what’s included. It may sound cliché, but many people don’t even know what is included in their coverage. That’s why the first thing you need to do is to call your home insurance company and check what’s included in your coverage. Keep in mind that every policy is ... Read More
Why Bundling Benefits Customers & Insurers
Following the worst CAT in the history of the United States, the homeowners insurance industry is heavily focusing on property lines. In the past few years, premiums have spiked almost 20 percent. Many professionals are predicting a time of policy churning ahead. However, customers can benefit from bundling their policies by saving money, and insurers can benefit from offering this option by enjoying better customer retention rates. Insurance companies must understand customers' attitudes toward bundling coverage compared with their attitudes toward competitors' options. Research shows that several factors influence the retention rate of cus... Read More
Benefits Of Pay-As-You-Drive Insurance
Usage-based insurance may also be called pay-as-you-drive insurance. It is based on a driver's vehicle, the distance driven, the time spent driving and the driver's behavior. When compared with traditional insurance, this type of coverage is much different. Traditional insurers attempt to reward the drivers they classify as safe, and their assessment is based on past documentation and the individual's record. The new method uses current behavior instead of past patterns. With the traditional method, drivers must wait longer to establish themselves as safe or reckless drivers. However, the new method does not require as much time for drivers' ... Read More
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