2 Big Reasons to Raise Your Homeowners Insurance Coverage

Let Your Home be Fully CoveredQuality insurance coverage is something that every homeowner wants – and if this isn’t on your top list of priorities, it should be. Remember, comparing insurance coverage by cost isn’t the only thing you should be looking at when you’re shopping around. If you’re thinking about changing homeowners insurance providers, you might want to consider raising your level of coverage. Here’s why.

Rebuilding Costs are on the Rise
This is something to take into serious consideration when you’re determining your level of coverage. If a disaster were to strike tomorrow, would your current insurance policy pay enough to cover the price of rebuilding from the ground up? In a lot of cases, it won’t be. Always take into consideration the current cost of home replacement when you’re comparing insurance premiums, and not necessarily the market value of your home.

Remodeling Considerations
If you’ve done any sort of remodeling to your home, this is another reason to raise your level of home insurance coverage. Renovations can increase a home’s value dramatically, and should play into every decision you make about how much coverage to get if you’re changing homeowners insurance companies.

Always ensure that you strike a balance between quality insurance coverage and out of pocket costs. Just because you’ve landed a sweet deal on home insurance that’ll save you $50 per month doesn’t mean that you’ll be in good shape if the unthinkable should happen and you find yourself without a roof over your head.

Price versus Coverage — A Balancing Act

A Balance NeededWhen it comes to purchasing auto or home insurance, you want enough coverage so that your out-of-pocket expenses will be very low or, even non-existent, but you don’t want to sacrifice on the coverage and quality of your insurance. Finding a balance between reasonable insurance premiums and sufficient coverage can be hard, but it isn’t impossible.

Here are a few tips for keeping your insurance issues in balance:

1. Compare, compare, compare.

Even if you’ve had insurance with the same company for years, it still doesn’t hurt to compare rates every once in a while. If you find a lower rate that offers the same coverage you currently have or want to have, let your present insurance company know. The agent may be able to get you that price, or at least closer to it, so that you won’t be tempted to change companies.

2. Find out exactly how much insurance you need.

This can be especially beneficial when it comes to auto insurance. If you have a car that has been paid off, is a fairly old model, and has high mileage, you may be able to get by with just liability insurance. If you can do this, you can save quite a bit of money by switching your policy from full coverage to liability only. Remember, though, that liability only insurance does not pay for repairs or replacement to your car, nor does it pay for medical expenses should you be injured.

The same may hold true for homeowners insurance, if your home is paid for. However, keep in mind that homeowners insurance coverage is usually enough to replace your home should it be completely destroyed, and usually provides coverage for medical expenses should someone be injured while they are in your home.

How Comparing Auto Insurance Quotes Can Save More Than Your Car

Though comparing auto insurance quotes isn’t everybody’s idea of fun, it’s important to understand how being smart about your insurance coverage can be the best move you’ll ever make. Just think about it: In the unfortunate event that you’re involved in an accident, wouldn’t you want the best possible coverage? TSavingshat’s where comparing auto insurance quotes can make all the difference.

Comparing Insurance Can Get You Better Coverage

By comparing auto insurance quotes, you can find out how to get the best possible coverage for the lowest price. For example, you might be considering buying only liability insurance, but after comparing auto insurance quotes you realize that for a small amount more, you can get comprehensive and collision car insurance, too. If you’re involved in an accident, these policies kick in and cover everything from material damages to missed work days – coverage liability insurance doesn’t provide. By comparing auto insurance quotes, you become more aware of the actual costs of car insurance and the costs of being underinsured.

Comparing Auto Insurance Quotes With AgentInsure

Comparing auto insurance quotes with AgentInsure is quick, easy and completely reliable. Once you’ve filled out all necessary information on the online form and selected the companies you’re interested in, AgentInsure helps you find the right policy for your situation by sending you your free quotes. You can take all the time you need to review them and even call one of AgentInsure’s licensed insurance agents for more information. One thing’s for sure: With AgentInsure, you’ll find the best rates for the best coverage!

Cancelling Your Monthly Car Insurance

Think !!!An auto insurance policy isn’t like a cell phone plan. Just because you’re on a monthly car insurance payment schedule that automatically renews itself doesn’t mean that you have to wait to switch providers. You can walk away at any time. But if you fail to first notify your insurer, you could cause a few unwanted complications.

Give Notice
You can let your auto insurance policy cancel on its own simply by not making your scheduled monthly car insurance payments, but doing so has a couple of risks involved. First of all, you could get hit with a cancelation penalty if you cancel in the middle of your term without giving proper notice. Second, if you don’t already have coverage lined up through another provider, letting your insurance lapse could be costly. If you’re caught driving without it, you could face some serious legal consequences. And finding a new insurer after you’ve been caught driving without insurance will be much more difficult because you’ll be a high risk client.

The Best Way to Walk Away
Always submit your notice of cancelation in writing, and far enough in advance to cover you in the event of any clerical snafus. Regardless of whether or not your decision to switch insurance companies was based on having found a better price elsewhere, or being extremely dissatisfied with the service you’ve received, don’t shoot yourself in the foot by failing to give advance notice. Although the best time to cancel your insurance policy is immediately before it renews, you can always get a pro-rated adjustment that pays you back for coverage you won’t be using.

Can Parking Tickets Impact Car Insurance Premiums?

Impacting Your Insurance RatesSo you’ve got a stack of parking tickets big enough to earn you a spot on the local PD’s wall of shame. You may ask yourself from time to time: how will this affect my car insurance premiums? The answer is: not at all. Parking tickets, on their own, are essentially a non-concern with respect to car insurance premiums.

This isn’t to say that getting one parking ticket after another is a good thing. Just because a parking ticket isn’t a moving violation and doesn’t qualify as the type of infraction that impacts car insurance premiums, doesn’t mean that it can’t ultimately come back to bite you. For one, failure to pay your parking tickets could result in suspension of your license—and that can have a big impact on your insurance premiums.

The answer? Pay your fines, and pay them promptly. You’ll likely find plenty of so-called experts or online resources that’ll tell you there are some parking tickets that you should pay, and others that you should avoid (such as tickets received from private companies versus tickets actually received from the police department). But in order to avoid complications that could result in losing your driving privileges and negatively impact your car insurance premiums, you must pay for your transgressions—and resolve to do better next time. It may take a chunk out of your bank account today, but when you consider what you could be saving in the long term on car insurance premiums, it’s a chunk worth parting with.

Some Facts About Condo Insurance

Condo owners have benefits that aren’t shared by the average homeowner, in particular freedom from having to care for landscaping and being able to benefit from security services provided by their condominium association. However many condo dwellers question whether or not they should pay extra for private condo insurance coverage. Many are under the false assumption that insurance coverage is provided by the condo association, but this isn’t always the case. To find out whetFacts - Good to Knowher or not you’re a candidate for a supplemental condo insurance policy, read on.

Misconceptions About your Master Insurance Policy
If you live in a condo, you probably pay monthly dues that go towards what’s called a “master insurance policy.” But don’t mistake this for an insurance policy that’ll cover you in the event of damage to your personal property. Your condo’s master insurance policy only goes so far as to cover the following.

  • Damage to common property that all residents in your association use. This means that if the pool clubhouse is damaged in a fire, the master insurance policy will pay for it. However you won’t be covered if you burn your kitchen down trying out a new recipe.
  • Personal injuries that occur in common areas. If someone slips and hurts themselves in the parking lot, the association will pay for this. But if you or a guest slips and breaks a bone while trying to put out the fire in your kitchen, you’ll be responsible for covering the medical damages.
  • Burglary and vandalism to common areas. As with everything else that’s covered by the condo’s master insurance policy, only common property items that are stolen or vandalized are covered. If someone breaks into your condo and takes you for everything you’re worth, this isn’t covered.

Supplemental condo insurance coverage isn’t required, but strongly recommended if you want to safeguard your personal property and ensure adequate protection against bodily injury.

Different Quotes for Different Folks: Why It Pays to Shop Around for Car Insurance

Different CoveragesCar insurance can sometimes put a crimp in your plans for owning the car of your dreams, especially if that car is considered “high risk” by the insurance company. But this isn’t the result of a bureaucracy that looks down on you for having a cool car—there’s actually a rationale behind charging certain drivers more because of the vehicle they drive.

Fact #1
Cool cars are stolen more often. Well, let’s qualify that. Not all cool cars are stolen at the same level of frequency, and that’s got little to do with differing tastes. Basically, there are certain makes and models of vehicles that are at a higher risk for being stolen—and the types vary from year to year. Whether or not your car is on that list could significantly impact your insurance rates.

Fact #2
Cost is a major concern. If you drive an expensive sports car that will cost a lot to repair, it’s natural that the insurance company is going to take that into consideration when they’re doing the math. Therefore it stands to reason that you’ll be charged far less to insure an inexpensive car than you will be to insure a sweet ride.

Fact #3
Insurance companies base their rates on their experiences with certain vehicles. This fact only serves to emphasize the importance of shopping around for car insurance. What might cost you dearly at one company could cost you far less at another—and you’ll never know for certain if you don’t shop and compare.