The insurance industry works best if all players are honest and open with their information. For example, your insurance company expects you to be honest with your insurance information, from coverage application to claim filing. Leaving out critical information or fibbing counts as misrepresentation and might damage your relationship with your insurance company.
Below are examples of such misrepresentations.
Listing the Wrong Primary Driver
Auto insurance companies evaluate drivers when quoting insurance rates. Read More»
If you have a car and a motorcycle, your car insurance isn’t going to cover your motorcycle, which means you need to have separate insurance for the both of them. You may get your motorcycle insurance through the same place you get your car insurance, but you should get quotes to see which insurance will best fit within your budget and give you the coverage that you need. As with your car, your state requires you to have motorcycle insurance, and if you don’t have it and you get caught not having it, you may have to deal with some heavy consequences. Read More»
Auto insurance companies use several factors to determine how much your monthly premiums will be, and one of those factors is what you do for a living. When you sign up for auto insurance, the application will require you to pick a job title that most closely matches your career, and they’ll use that as part of their formula to determine your premiums. While your job is a less important factor in determining your monthly premiums than your driving record, it still influences how much you pay for car insurance. Read More»
If your 65th birthday is on the horizon, it’s time to start thinking about your options for health insurance. Most Americans will enroll in a Medicare plan once eligible, but many find that Medicare is far more complex than expected. Unfortunately, Medicare isn’t the one-size-fits-all plan that it seems like at first glance, and numerous options exist to fit a range of budgets and healthcare needs.
Trying to understand this process alone can be confusing and time-consuming. Read More»
Home insurance can be a blessing. It is like a security blanket, protecting your home and property in the event of a disaster. But most people don’t realize that it can cover more than just natural disasters.
There are some surprising things that your home insurance may actually protect you from. Here are a few you should know about.
1 - Wildfire Damage
In many states, homeowner’s insurance will cover damage from wildfires. Read More»
