How do You Know if a Property You are Looking to Purchase has been Foreclosed on?

Property is cheap these days, with many bargains to be had due to the many home buyers who had sub-prime mortgages but were then unable to pay their monthly payments. If you’re not sure whether or not the home you want to purchase has been foreclosed on, there are several ways in which you can find out.

Typically, the advertisements in newspapers and fliers will note whether or not the home has been foreclosed upon, but sometimes the information is not disclosed publicly. You can go to the agent who is selling the house to inquire about more information. If you can’t get in contact with them, try asking a real estate agent whom you know as they know how to check the public records in order to find that information easily and quickly.

You can also go to your county’s courthouse and check for a Lis Penden which is the Latin term used for a pending law suit, or foreclosure. The information should be in the land records office and information may be available on their website. Information of the foreclosure will also be listed in the local newspaper, so you can go to your library, if that’s easier than a trip to the courthouse, and ask the staff for the easiest way in which you can search their newspaper archives. And since most newspapers put a lot of their information on the web, you might even be able to find it online. You can also see if the home shows up in the short sale listings as a short sale is just one step before a foreclosure.

There are also websites that can inform you whether or not the home you are looking at is in going to be, in the process of or already been foreclosed on. Not all of these sites cover the whole United States, and some charge a fee, so you may have to check a couple of sites in order to get the most complete information.

If you do determine that the house you want to buy is a foreclosure, do make sure to inspect it thoroughly, especially if it’s been vacant for any length of time. If no one’s living in it, there could be damages caused by improper maintenance during that the vacancy. However, if you can get your hands on a good foreclosure, you’re likely getting a great deal!

Auto Insurance Claims: Items you Need when You Make a Claim

Although no one ever wants to be in an automobile accident, the reason you have auto insurance is so you are protected if it ever happens. Making sure you have the best policy for your situation is also important. If you have a new car, with or without a lien holder, you should make sure you have comprehensive coverage. Even the smallest fender bender could make a mess of your car and you will want to fix your ride as soon as possible.

The first thing needed when making an auto insurance claim is the information about both parties involved. If you were at fault in an accident, you will need not only your own information, but also that of the other party. Make sure you have your insurance policy number available and the make, model and year of the vehicle. Of course before exchanging information, if there are injuries, call 911 and report the accident.

The next item you may need when making an insurance claim is the police report. Often, the insurance company will want official documentation about the accident, the people involved, who was at fault and if there were any witnesses. Usually this is important if the claim is large and there is personal injury involved. If the accident was small and the claim will be less than $500, the insurance company may not require as much information.

If the damage was only to your vehicle, the insurance company will want to send an adjuster to look at the car. You may also need to take the auto and get 2-3 estimates to fix the damage. Insurance companies are not just going to take your word for how much the damage will cost to fix. Depending on the company, they may ask you to see one of their own repair shops.

Finally, although there are many items needed when filing a claim with your auto insurance company, once your vehicle is repaired it will be worth the time and trouble. When working with a great insurance company, you will not need to worry about long delays or bad customer service. When you are comparing quotes for the best plans, take all of this into consideration and find an insurance company that will be there when you need it.

Steps to Take After an Automobile Accident Occurs

When an accident occurs, it is scary and can cause you to be very disoriented. Even though it may seem almost impossible to focus in the minutes immediately after the impact, you can do so if you work very hard to stay calm and follow some simple guidelines. These automobile accident steps will help you to know what to do when an accident occurs. We have kept it simple so that you can remember these automobile accident steps even in time of crisis.

First: Call For Help

The first thing that you need to do is call for help. Don’t try to move your vehicle, or make any changes to the scene of the accident, but rather place your safety needs and the safety needs of others first. Call 911 and report the accident. The dispatcher will send police officers as well as an ambulance that can help transport any injured parties to the hospital.

Next: Watch Your Words

Use good judgment when it comes to speaking about the accident. Do not speak to the other party in the accident, and never admit guilt even if you think you may have been responsible. That is up to the police and insurance company to determine and these situations are rarely black and white. Discuss the accident only with the police officers responding to the accident scene, and simply tell them your impression of how the accident occurred. During their initial interview post-accident the police will ask for your insurance information, so be sure that you provide them with this.

Finally: Call Your Agent

Call your insurance agent as soon as you possibly can. Tell your agent that you were in an auto accident and give them all the information they will need to get started on your case. Your agent will ask for information on the police report, so have that with you when you call.

Use these smart tips to make sure that you are protected after the accident. Your agent is your partner here, and will help you to deal with this difficult situation as efficiently as quickly as possible.

Can I get Insurance for a Car not Titled to Me

Can I get Insurance for a Car not Titled to Me?There is no easy answer to the question of whether you can get insurance for a car that does not have your name on the title. It really depends on the insurance company and the rules they go by. We all know people that have insurance on a vehicle that is not in their name – but we may not know exactly how they got it.

One way to be sure you can insure a vehicle that is not in your name is to name the person on the title on your insurance policy also. When you give the information to the insurance agency – you can name yourself as the driver. Most of the time this is sufficient to take care of any problems. Of course, you may also want to talk with an independent agent who can compare quotes from several different top providers and find the one that will give you the best rate.

You will want to make sure you have adequate legal coverage on the car before you begin driving. If it is an older car you will probably only need liability insurance and if you owe money on the car you should probably purchase full coverage. No matter whose name is on the title, if the vehicle is involved in an accident, someone will be responsible for the damages to the other car and any injuries to the driver or the passenger. Make sure you can afford a great insurance policy by comparing quotes online.

The best way to answer the question about whether you can purchase insurance for a vehicle that is not titled to you is to speak with an independent agent. This insurance professional can check with several reputable providers to find out what their requirements are and how much a policy will cost. It is always a good idea to compare quotes to make sure you are not paying too much for car insurance.

How to Learn About Insurance Companies’ Claims Payment Records

How to Learn About Insurance Companies' Claims Payment RecordsJust as there are 2 sides to every mathematical equation, insurance decisions also have 2 primary components, one of which people often disregard when shopping for coverage. Your desire to buy the most or best coverage for the least cost is important, but represents only one-half of the insurance equation.

Even knowledgeable insurance shoppers often forget to evaluate the other important component: Claims payments. Selecting the least expensive insurance quote can easily morph from a seemingly wise decision into a poor choice. Should you suffer damage to the insured item (auto, home, boat, etc.) and endure slow or non-payment of your claim, you will quickly forget about the wonderful “bargain” you received when you purchased the coverage.

But, how can you find this valuable information about a different company that you are considering? Use the power of the Internet and the experience of an insurance agent you trust to learn about the high–and low–rated companies regarding claims payments. Be forewarned, however, that you should investigate opinions and ratings just as diligently as you shop for the best coverage and lowest premiums. Remember, the Internet is valuable and powerful, but almost everyone can express their opinion (First Amendment, anyone?) without even minimum qualifications.

Visit a number of claims payment rating sites to collect a more representative cross-section of the opinions of experts and the general public alike. Many product ratings sites (for all products and services) have agendas that lavish praise or criticism for reasons other than factual performance. Since they will not tell you this, you should visit numerous respected–preferably, objective–sites that have a non-biased reputation.

For example, Consumer Reports has long been well-respected for objective evaluation of many products. They have earned their reputation for objectivity over years of product comparisons and reviews. For instance, their 2010 insurance study discovered that, contrary to those constant TV commercials, only around 14 percent of 4,500 respondents could actually save significant dollars by switching companies.

To learn if the company(s) you favor are also reliable claims payers, investigate a variety of ratings services. A trend or pattern of useful information should eventually appear. However, do not depend on one site with a few disgruntled (or favorable) reviews and believe a company is a good or poor payer of claims. Do your homework to discover those that settle and pay claims fast and hassle-free.

Which is the Worst Insurance Company?

Which is the Worst Insurance Company?It can be difficult to determine with absolute certainty which insurance company is the “worst.” However, there are several characteristics of insurance companies that buyers should avoid when shopping around for insurance coverage. First things first, you should research the background of an insurance company by reading the reports submitted by rating companies such as Standard and Poor’s, AM Best, Weiss Ratings, and Fitch Ratings. Each of these rating companies features a comprehensive, user-friendly website that any buyer can visit to get a better understanding of the financial security of a long list of American insurance companies.

In addition to researching the insurance company’s ratings, you should also conduct a general internet search for any lawsuits or complaints that may be following certain insurance agencies. For example, the insurance giant Allstate has had more complaints filed against it than any other insurance company. It has been reported that employees of the company were instructed to lie to customers who filed honest insurance claims, and sent away many individuals who rightly deserved compensation. The CEO of Allstate, Thomas Wilson, has publicly claimed to be more concerned with pleasing the company’s stockholders than its customers.

One of the most effective ways you can determine whether or not an insurance company is honest and dependable is by comparing the experience and information you receive from multiple agencies. Be sure to verify the information given with a credible source online to ensure which is the most accurate. After testing the waters at multiple agencies, you can make your decision based on which agency offers the best value and which one you feel most comfortable with personally. Your insurance agency should be willing to accommodate you, and should be willing to go out of their way to answer your questions and offer multiple solutions. If a meeting with an insurance agent makes you feel uncomfortable or uncertain in any way, it is usually best to go with your instincts and continue searching elsewhere.

Might Your Insurance Agent Lie to You?

Might your Insurance Agent Lie to you?Insurance agents often fail to enjoy high levels of trust. However, they do know the laws of the state(s) in which they are licensed. Most of them are also committed to properly protecting the assets of their clients and want to secure a long-term, successful relationship with their insureds. Further, most experienced insurance agents also offer solid advice to their clients concerning appropriate insurance coverage for their specific needs.

As a client, you have certain responsibilities that help your agent offer the best advice for your situation. You must clearly state the coverage you want and can afford. Learning as much as you can about your state laws and regulations help you be a better informed shopper. As a knowledgeable client, you help your agent offer better advice and you will understand the insurance quotes that you prefer.

Should you lack the information you need to understand and compare insurance quotes, your agent cannot offer the best advice. While he/she will not lie to you, even the most experienced insurance agent may not have sufficient information to design the best program for you. Doing your part to communicate data on the assets you want covered and the amount of insurance that makes you comfortable allows you to intelligently compare multiple quotes for identical coverage.

There is no benefit to you or the agent by giving or acting on misinformation. For example, should an agent recommend minimum coverage to save you premium cost, you will not be happy if you suffer a major uncovered loss. Should your agent recommend more coverage, which you specifically reject, you cannot blame the agent for misinforming you. Obviously, the agent did not lie or lead you to insurance coverage that was insufficient or inappropriate for you.

Home insurance coverage is a bit more straightforward than auto insurance plans. It is tempting to save money by buying your state-required minimum auto coverage. However, if you own a home and have other personal assets, your agent may recommend higher coverage amounts to better protect you. Not only is your agent not lying to you, he/she is offering wise advice that you should follow.

Reading Your Policy Made Easy

Reading your Policy made EasyMuch before signing contract with any insurance company, you need to thoroughly know what the policy includes. Without knowing it’s sections and the purpose of it, you will not make the best use of your policy. There are typically six main sections in almost all insurance policies.

  • Declaration Page: This being the first page of your policy, generally has all the required information such as insurer name, address, contact number, a description on policy, cost of policy and dollar amount of coverages included under the policy.
  • Definitions: Certain terms used in insurance will not be familiar to insured. In order to define the terms used and deliver the benefit of it by explaining what it means in detail is done on this page. A complete understanding of your policy and its coverages.
  • Coverages: The liability and property being covered to a limit under defined coverages.
  • Exclusions: Every policy will have its own limits. What is not covered under your policy will be clearly specified and laid out exclusively in the exclusion section.
  • Conditions: Insurance policy is a contract signed between you and the insurance company. It lists out the terms and conditions under your policy. It also details your duties at the time of loss. It explains the claim process and information on how settlement works.
  • Endorsements: This is an important section of your policy. It includes every amendment made on your policy be it to remove, add, or change the standardized coverage. With endorsements, you meet those special needs and requirements to be included in your policy. An insurance company can make use of endorsements to limit coverages.

How To Chose The Best Car Insurance company

To choose Best Car Ins CompanyFollow the below steps to find the best car insurance company.

  • Looking for company: You can look into insurance company in many ways, either by meeting an agent or online search or by insurance company representatives. To get to know about insurance, start with the state department of insurance. Check with different insurance companies that are available on the website, collect information about them through internet, look at different quotes and compare them and later contact your agent.
  • Agent and company license: Check the company and also the agent whether they are licensed to do this business. Check about the company standards as well as on agents through State department of Insurance. Find out from how many years the company has existed. Also check the complaint ratios of the insurance company you are looking for.
  • Company rating standards: Check the claim history of the company and also the financial stability of the insurance company through the State department of Insurance. Also talk to your friends and family members and get to know about what experience they had with the insurance companies.
  • Your requirements: After selecting the car insurance company, suggest the requirements which you need. See to that coverages you opted covers all that is needed. Check if any special offers are provided by the insurance company.
  • Discounts: Many insurance companies offer discounts for various reasons. By providing discounts you can attract many customers. But you need to ask for discounts for which you are eligible.
  • Attention for first policy: The insurance policy depends on the customer and the insurance provider. Keep an eye on any additional coverages if it is necessary.

Shopping for Your Washington Car Insurance

Shopping for WA Car InsuranceAny car insurance policy is a legal contract and begins with declaration page. Every Washington car insurance has it’s own policy number, coverage limits, policy term and information about the insured and also a description of vehicles listed under your policy. Every car insurance policy is unique and has it’s own identification. Your Washington car insurance is a general agreement with a broad statement with all perils and risks covered listed under one form. This also has exclusions specific to events, states, policy types, forms and also circumstances which make them not be covered under your policy. If you have zero knowledge of insurance, the definitions make your concept of insurance clear and will avoid every misunderstanding.

Gather Information Before Shopping

Information you will need to gather before you set out for shopping are:

  • Make and model, built year of the vehicle.
  • Identification number of the vehicle.
  • Any bank or financial institution which financed for your car purchase, it’s details such as name and address.
  • Miles driven every year and the way vehicle is being used.
  • Primary driver and others if any driving the vehicle.
  • Percentage of time vehicle used by each to be covered driver, an estimation of it.
  • Any accidents or violations committed, it’s history.
  • Safety measures taken or installation of protective devices.

Specific Factors Affecting the Rate

  • Your driving record: more the tickets raised or violations committed, more will be the risk covered.
  • Your geographic territory: More claims made by urban than rural areas
  • Your gender and age: women have less accidents compared to male. Also certain age groups have had more claims.
  • Your marital status: lower rates on claims have been showed by married people.
  • Vehicle use: Annual mileage depending on car usage resulting in higher risk.
  • Make and model of your vehicle: More number of claims are made by sports or luxury cars.