Mar
20

Insurance Score – What It Is, How It Affects Your Auto Insurance Rates and How to Make It Serve You

Do you understand what your insurance score is? Do you also know factors affecting it? What about how it is being used to determine your rate? If yes, do you also know how to adjust it to your satisfaction? If not, why not.

But before we proceed, let’s take a look at the term…

Due to the information extracted from the insurance information institute, it is defined as a numerical rank given to a person depending on his or her credit history.

According to insurers, individuals who lack good credit history are likely to file up claims more often. This in particular should give you reason why you would enjoy cheaper rate if you maintain good credit history. And we can also say, for one to enjoy a more cheaper rate, one need to take some steps in order to enjoy more favorable rate.

Listed below are steps on how to achieve a good credit rating.

-Always pay your bills at the appropriate time. Apart from the fact that you will pay more interest, failure to do this will affect your credit score negatively.

-Always re-check, double check and even triple check to correct any available errors.

-Try hard not to make use of too much credit cards.

-At any point in time, do not exhaust your credit card. Try as much as possible not to spend more than 30%.

Now, what else do you think you could do to enable you save on insurance rates?

The fact is that, most insurers do use your credit score to determine your rate, which if bad, will cause increase in rate. But keep in mind that you will get different quote from different insurers. Therefore, to enjoy favorable rates, it is highly advisable to compare quotes online in order to select a more suitable one.…

Mar
20

Reinsurance Jobs – The Basics of the Insurance Industry

If you are financially minded but unfamiliar with what a reinsurance job might entail we've compiled four reasons why companies carry out reinsurance and the two main different types of reinsurance.

Four Reasons for Reinsurance

Risk Transfer – you only have to look at the amount of money an insurance company would have to pay out if your house was damaged in a natural disaster to realize how there is the potential for them to have huge costs. By reinsuring themselves with other insurers they are able to spread the risk so that no matter how many of their policy are claimed upon they have the ability to pay out.

Income Balancing – for any large company its important they can predict their income for cash flow and often shareholder benefits. As you can imagine this would be difficult for insurance companies if they were not reinsuring. A number of big payouts if they were not reinsured could have a very significant effect on their bottom line. By reinsuring they are able to manage this risk more effectively.

mproved Surplus – on the balance sheet of a company it's good to have a surplus. This is the sum of assets minus liabilities. Successful reinsurance can reduce the liability pushing up the surplus level upwards. It is desirable as it makes the company more financial stable and more attractive to potential investors.

Arbitrage – another reason reinsurance is often popular is due to arbitrage. If you are not familiar with arbitrage in simple terms it is where you sell something at a high cost which you then buy at a low cost. In reinsurance this would be where a company sells you insurance at one price yet is able to insure that same risk at a lower cost from another supplier. This is of course hugely appealing to insurance companies and fuels some of reinsurance popularity.

Two Types of Reinsurance

Proportional – this type of reinsurance is often known as quote share insurance. If companies are entering into a proportional reinsurance arrangement they divide the risk up as a percentage. Assuming insurance company alpha reinsures 50% of my house insurance with insurance company beta, if I then make a claim both companies would pay their percentage of the settlement. The agreement does not have to be with just two companies, it is possible for several companies all insuring the same risk sometimes with different percentages.

Non-Proportional – this system works in slightly different way. Assuming I felt on any policy I could only pay out a £ 1000 but there is a reasonably hood that the risk could require more coverage I could get reinsurance for £ 9k. If this even then takes place and costs £ 5 thousand I can then recover £ 4k from the reinsurance company. …

Mar
18

Online Money Making Opportunities – Making Money Online Easily and Quickly

There are a number of scams out there and its important to be able to sort out the real online money making opportunities. Do not believe the hype that its simply a matter of setting up a web page and watching the money roll in. Like any other business the internet business needs to be built with skill and determination. The hardest part is actually finding helpful information without falling foul of the many scams.

I am willing to share my own technique for making money on the internet. There are many online money making opportunities, but this is what I do and it works for me. I did spend lots of money and time on pointless information that simply regurgitated the same old information and made me no money but then decided that I would develop my own method which I then tested extensively and improved over a period of many months.

This is what I do:

1: I find some PLR ​​(Public Label Rights) products. It's important that this includes a sales page.

2: I register a domain name that clearly links to the main product that I found in step 1 above.

3: I then edit the sales page. I change the author name, some sentences and the graphics. In fact anything that makes it completely unique. If necessary, I add some bonuses to make it even more attractive.

4: I create a OTR – One Time Offer. This is sometimes something that I found in step 1 above but otherwise it can be anything that has perceived value.

5: Next I edit the PLR ​​material that I found in step 1 to make it match the sales page. Its important to change the material enough to make it unique, including the author name and the actual name of the product.

6: I create some new graphics for the material. I do this myself but if you do not know how to do this then its easy to get it done for you very cheaply.

7: I then upload everything to the site which domain name I registered earlier, including the payment and download files.

8: Next I set up an autoresponder and some email messages as follow ons.

9: I test all the links to make sure it works – I make sure that every single link is tested using both Internet Explorer and Firefox web browsers – these are the two most common browsers used.

10: Finally I drive traffic to the site using Pay per Click, articles, forum posting, blogs and include relevant backlinks to the site.

It actually sound more difficult than it is in practice. I can do all 10 steps in an afternoon – so its not too onerous. Thats all there is to it. Its simple but incredibly effective. …

Mar
17

Everything About Life Insurance!

I want to start off this 2010 with an article regarding Life Insurance. Many people find this topic morbid but believe me when I say this contract is as important as a Will and should be taken just as seriously as health insurance. Due to the length in details of this article I have provided chapters for easy reading. I hope this will educate you on Life Insurance and the importance of its necessity. (Note: For better understanding “You” is the policy owner and the insured)

Chapters:

1= Introduction

2=When/If you have Life Insurance already

3= Difference between a Insurance Agent and Broker

4= Types of Policies

5= What are Riders and popular types of Riders

6= The medical exam

1) About general Life Insurance:

This is a contract between you and an insurance company to pay a certain amount (the premium) to a company in exchange for a benefit (called the Death Benefit, face amount, or policy amount) to the beneficiary (the person you want to get paid in the time of your death). This can range based on the type of policy (which will be discussed momentarily), your health, your hobbies, the Insurance company, how much you can afford in premiums, AND the amount of the benefit. It sounds overwhelming but it is not if you have the right agent or broker.

Now many people can say that Life Insurance is like gambling. You are betting that you will die in a specific time and the insurance company bets you won’t. If the insurer wins, they keep the premiums, if you win…well you die and the death benefit goes to the beneficiary. This is a very morbid way of looking at it and if that is the case you can say the same for health insurance, auto insurance, and rental insurance. The truth is, you need life insurance in order to ease the burden of your death. Example 1: A married couple, both professionals that earn very well for a living have a child and like any other family has monthly expenses and 1 of the couple has a death. The odds of the spouse going back to work the next day is very slim. Odds are in fact that your ability to function in your career will lower which RISK the cause of not being able to pay expenses or having to use one’s savings or investments in order to pay for these expenses NOT INCLUDING the death tax and funeral expenses. This can be financially devastating. Example 2: lower middle income family, a death occurs to 1 of the income earners. How will the family be capable of maintaining their current financial lifestyle?

Life insurance is about the ability of lowering the risk of financial burden. This can be in the form of simple cash or taxes via estate planning.

KEY Definitions:

The Insured: The person that is covered by the insurance company (He/She does NOT have to the policy owner)

The (policy) Owner: The one …

Mar
16

Top 5 Ways to Market a Pressure Washing Business

The marketing aspect of the pressure washing business or any business for that matter should be the most important part of your business. You can have the most expensive equipment and know exactly how to do the work, but without any customers your business will fail.

The marketing aspect of many small businesses is often put last on the priority list. In the initial stages of the pressure washing business just as much time and effort should be put into marketing as doing the jobs. Later, as you build a client base less emphasis can be placed on marketing, but the first year in business is where marketing your business is critical.

Here are 5 top ways you can use to market your power washing business:

1. Make sure your customers become repeat customers.

It's easier to make the sale the second time around because you've built trust and credibility into your clients mind. If you do quality work they will most likely need your services again in the near future. Document the clients name on a spreadsheet and make follow-up calls every few months.

Even if they do not need the work right then, many times you will land a job because they will recommend your company to their next door neighbor or someone else they know. Just by calling you're establishing a relationship, and people will keep you in mind when someone they know needs work done. Also make sure you leave them your business card or some other way they will remember your company information.

2. Advertise online

The internet is quickly replacing the phone book as a medium to advertise in. Make sure you get your website or company information in online directories. It's important to have a website for your business to give you an advantage when marketing online, and it's a credibility factor for your potential clients.

3. Use flyers in strategically placed areas

Instead of scattering your flyers all over the parking lot, try placing them in the waiting rooms or in small business waiting rooms. Post them on church bulletinnaires so many different people will see your flyer instead of one person. It's also a good idea to go to your local real estate offices and hand the agents your flyers.

4. Calling and faxing

Call a list of apartment complexes in your area and fax the property managers your company information. Usually if they need a bid for pressure washing they will tell you or call you later on.

5. Network with contractors and property managers

Spend some time getting to know property managers and contractors in your area. There is solid potential for repeat business if you find the right people to work with. …

Mar
15

Points To Consider With Cheap Auto Insurance

The word "cheap" means different things to different people, so the first thing you will want to do is to define what "cheap" means in your vocabulary. If it means that you want the bottom line lowest of the low prices to get cheap auto insurance, and the only thing you are concerned about is what the policy costs, then this may not be for you. But if you are looking for the best value to get the most bang for the bucks, then there are multiple places, online and offline, where you can find cheap auto insurance.

You need to understand that not all auto insurance policices are done the same way. The standard policy from one insurance carrier is significantly different than the standard policy from another insurance provider. You also need to know that whatever you get, everything comes at a cost, and sometimes if you do not pay that cost up front, you will pay it later, and there is no getting around that.

For example, the reason you are carrying cheap auto insurance is because you need the coverage, either for peace of mind or to comply with your state laws, but what happens when you get into an accident? If you have a good policy, then things are taken care of with minimal effort on your part. However, with some of the cheap auto insurance policies that are available out there, getting the insurance company to pay on a claim is going to take significant time and effort on your part. If you value your time at all, sometimes think about it and attach an hourly rate to it, you will realize that after factoring in the personal time you had to spend on getting them to cover a claim, you have not saved any money at all . In fact, you paid MORE for it!

Auto insurance policy coverage is not an exact science. First of all, you have the deductible, and the amount of the deductible could be different for the various kinds of coverage. For example, you may have it set up for $ 500 deductible on collision, but a $ 1500 deductible on comprehension or fire. The deductible amount has a drastic impact on the rate that you pay, and is the amount that you will pay out of your own pocket before the insurance company pays anything. To give an example, let's say you have $ 500 deductible on collision and you get into a minor fender bender, but the estimate to repair only comes to $ 400. The insurance company will not pay anything on that, since it is less than your deductible, and in fact, that is a case where you probably do not even want to tell your insurance company about it.

There are also differences in liability. For example, if you get into an accident where the other person sustains various severe flaws. It is not unusual these days for hospital costs to go well …

Mar
15

Auto Insurance Principles Should Apply to Health Insurance

Many Americans rely on their automobiles to get to work. No automobile means no job, no rent or mortgage money, no food. A single parent, struggling to make ends meet in the suburbs with 100,000 miles on the odometer, would normally welcome the guaranteed opportunity for low-priced insurance that would take care of every possible repair on her auto until the day that it reaches 200,000 miles or falls apart, whichever comes first. Especially if the insurance is valid regardless of whether she even changes the oil in the interim.

So why are not the auto insurance companies writing such coverage, either directly or through used auto dealers? And given the importance of reliable transportation, why is not the public demanding such coverage? The answer is that both auto insurers and the public know that such insurance can not be written for a premium the insured can afford, while still allowing the insurers to stay solvent and make a profit. As a society, we intuitively understand that the costs associated with taking care of every mechanical need of an old automobile, particularly in the absence of regular maintenance, are not insurable. Yet we do not seem to have these same intuitions with respect to health insurance.

If we pull the emotions out of health insurance, which is admittedly hard to do even for this author, and look at health insurance from the economic perspective, there are several insurances from auto insurance that can illuminate the design, risk selection, and rating of health insurance.

Auto insurance comes in two forms: the traditional insurance you buy from your agent or direct from an insurance company, and warranties that are purchased from auto manufacturers and dealers. Both are risk transfer and sharing devices and I'll generally refer to both as insurance. Because auto third-party liability insurance has no equivalent in health insurance, for traditional auto insurance, I'll examine only collision and comprehensive insurance – insurance covering the vehicle – and not third-party liability insurance.

Bumper to Bumper

The following are some commonly accepted principles from auto insurance:

* Bad maintenance voids certain insurance. If an automobile owner never changes the oil, the auto's power train warranty is void. In fact, not only does the oil need to be changed, the change needs to be performed by a certified mechanic and documented. Collision insurance does not cover cars purposefully driven over a cliff.

* The best insurance is offered for new models. Bumper-to-bumper warranties are offered only on new cars. As they roll off the assembly line, automobiles have a low and reliably consistent risk profile, satisfying the actuarial test for insurance pricing. Furthermore, auto manufacturers usually wrap at least some coverage into the price of the new auto in order to encourage an ogoing relationship with the owner.

* Limited insurance is offered for old model autos. Increasingly limited insurance is offered for old model autos. The bumper-to-bumper warranty expires, the power train warranty historically expires, and the amount of collision and comprehensive …

Mar
13

Understanding Free Homeowners Insurance Quotes

As a shopper for insurance for your home, you undoubtedly want to know the most direct route to getting the coverage you need at a price that will not keep you up at night. This can be achieved most easily by taking advantage of free homeowners insurance quotes. If you have never gotten insurance quotes before, take a moment to read through this article to get a basic understanding of what they are and what they can offer you.

What are Free Homeowners Insurance Quotes

Quotes for homeowners insurance are simply price quotes for specific insurance coverage for your home which are based upon the specific circumstances related to your home and its geographical location. Quotes are free and non-binding. They are simply a shopping tool to allow you to compare the rates of homeowners insurance to find the best deal available. Quotes can be obtained in person at a local insurance company office, over the phone or online. Online quotes are becoming the most popular because of their convenience, time savings and ability to gather more than one quote at a time.

Why Do Companies Offer Free Homeowners Insurance Quotes

Insurance companies offer free rate quotes in order to provide you, the customer, a way to compare their offerings with the competition. Some seek to offer the lowest price, while other companies strive to offer the best combination of price and service. It has gotten to the point in the insurance industry, that if a company does not offer free homeowners insurance quotes online, they risk being skipped over by consumers. Some consumers are concerned of a scam involved somewhere in the process because the quotes are free, but you can rest easy. Online rate quotes are simply a low-cost marketing tool for insurance providers that also provide a great benefit for you.

What Type of Homes Are Eligible for Free Homeowners Insurance Quotes

Virtually any type of home is eligible for a free insurance quote. Standard stick-built homes, mobile homes, double-wide homes, duplexes, condominiums and apartments are eligible for quotes. You can also get a quote for renters insurance if you wish. If you need to insure it, you can get quotes for it.

Effective Use of Free Homeowners Insurance Quotes

In order to effectively make use of quotes for home insurance, you must be sure to provide accurate information. Insurance companies are not bound by the quotes they offer, so if the information you supply is not accurate, you will not get an accurate quote. All information will be verified, so once the information is verified, quotes may change to reflect accurate data. You will also want to make sure that you compare like policies from company to company to make sure the comparison is accurate. This means using the same coverage options, coverage amounts, and deductibles. Free homeowners insurance quotes can be really handy and can save a significant amount of money on premiums if they are used wisely.…

Mar
13

Your Guide to Full Coverage Dental Insurance

A General Overview of Discount Dental Plans

Discount dental plans is one way you can avoid having to pay astronomical dental fees. Let's face it, we will all have to go to a dentist multiple times in our lifetime, at the very least, so instead of paying dental insurance, you can enjoy bigger savings in discount dental plans.

The advantages of discount dental plans is being able to pay lower prices up to 60% of the standard price. This means if you call in for a cleaning and you are informed that the charge is $ 100, then with the discount dental plan, you will only pay less than half.

Other advantages of discount dental plans is the fact that you get a straight discount, unlike dental insurance wherein you have a ceiling price on dental services. In other words, with dental insurance, if the treatment is over what your insurance company is obliged to pay for in the policy, then you have to cover the balance. To get full insurance coverage, the premium will be very high, and may not be worth the cost. Why? You will not always be needing expensive dental treatments, and yet you will be paying through the nose every month.

In addition, the coverage of the discount dental plans starts the minute you sign up. Unlike dental insurance, there is a waiting period of as long as 6 months before you can claim on the insurance policy. As most people know, the reason you are looking for dental plans is because you see the need for it today, not 6 months from now.

Similar to dental insurance though, you have a choice on how you want to pay for the discount dental plans. You can either pay annually or monthly. Naturally, the annual payment scheme will give you larger savings on discount dental plans.

7 Tips On Finding Insurance

Before you start looking for insurance, you need to know what kind of insurance you want. There are quite a number of insurance plans in the market ranging from life to home, loans to general insurance, and disability to income protection. Of course, if you talk to an insurance agent, he will tell you right away that you will need all these different insurance plans. That's your personal decision to make.

If you have an idea of ​​which insurance you want to start with, here are 7 tips on how to get the most affordable insurance possible.

Talk to an insurance agent

Since an insurance agent works on commission, you could ask him to put together several options for you. Make him work for his commission. Be sure to explain your budget and needs, and let him find a solution for you.

Know what you want

Unless you are specific about your needs and what you want to achieve with your insurance policy, then it is not possible to find cheap insurance.

Ask for choices

Keep in mind that if you can compare and contrast …

Mar
12

Top 5 Reasons Why You Need to Invest in Life Insurance

With the current economic crisis that is facing not only the United States but also the rest of the world, you may sometimes wonder why you should be paying for life insurance. There are a lot of reasons why you should not stop paying for life insurance and why those who do not have life insurance yet should seriously consider getting it. Investing in good life insurance can easily summed up in 5 ways:

1. For Your Family's Financial Protection. This is one of the usual reasons why people take out life insurance policies and is a sound reason at that. When you have a family, you especially want them taken care of what might happen. This is one way for you to make sure that your loved ones have financial security should something untoward happen to you. Usually, this reason is for those men and women who have children and they want their kids and spouses to have financial security and to continue living comfortably despite the threat of one partner passing away suddenly.

2. For Your Spouse's Security. Just because you do not have kids, it does not mean that you should not invest in life insurance. Investing in insurance for the sake of your spouse is ideal as well since the sudden loss of someone that you share household liabilities with, like bills, mortgages, and such, can be a huge bore to bear along with the grief that the loss brings.

3. For Funeral Expenses. This is something some people do not even consider. Death, like life, can be expensive as well, and having life insurance to help cover some of the expenses that come with dying like burial expenses and such can save some of the load off of your family. Having an insurance that can cover this expense when you pass away will help ease some of the financial burden that your family might experience.

4. For Your Children's College Fund. Passing away before your children finish college can mean the difference between their having a good future and one that may have them struggling to make ends meet. Investing in life insurance will help ensure that you pass away before they are finished with their education, they will still be able to finish college and be able to have the kind of future you envision them to have even when you're gone.

5. For Home Mortgage Payments. Couples who share the burden of paying for a mortgage on their home often find themselves struggling to make the payments should one partner suddenly disappear and leave them with this huge responsibility. A life insurance that is taken out by both partners for the sake of the other's welfare will certainly help with such instances as this. Having an insurance can help your partner continue paying for the house you both built or invested in without having to worry about having to the same amount on their own.

Having life insurance is indeed a sound investment …