Monthly Archives: November 2016

Buying Cheap Landlord Insurance

Many people say that the only way to buy cheap landlord insurance is not to buy insurance at all. When you rent your property to generate passive income, it is foolish to think that no protection is needed. With careful consideration, it is possible to buy cheap insurance irrespective of the property you own. You have affordable insurance that is just enough to cover your losses. Different types of policies are provided by insurance companies for residential and commercial rental properties.

Comparison shopping is often ignored by many landlords mainly because they have to go through various quotes. However, if you are ready to spend a few hours comparing quotes, it can result in incredible savings. The same policy with similar covers will be sold at different costs by different insurance companies. While comparing policies, compare based on the price, covers, and claims. Don’t fall for the cheapest insurance policy because when you have to make claims, the covers become very important.

Understanding what is covered by your policy is important. You can buy minimal coverage that is just required to protect your property in case of major loss caused by natural calamities. Named peril policy lists types of losses covered and provides protection only against those types. Comprehensive policy on the other hand provides ultimate cover against all risks except for those situations clearly excluded. Named peril policy is cheaper than comprehensive policy. However, when your property is located in a risky neighborhood, you have to weigh the options more carefully.

Loss settlement method also influences the total cost of your insurance policy. Actual cash value settlement will result in lower settlement because depreciation is deducted from replacement cost. Replacement cost settlement on the other hand pays for entire replacement including the cost to rebuild the property. As the insurance companies have to pay a hefty sum for total loss, you have to pay higher premium when you buy replacement cost settlement.

Deductibles play a major role in determining the amount of premium you have to pay. When you agree to pay a large sum of money out of your pocket during claims, insurance companies will offer a greater discount in the cost of insurance because you will not make frequent claims. However, you should determine this amount with caution because ultimately, you are on your own for major losses and you should be able to take care of smaller damages with your own money.

Locate Most Affordable Insurance Companies

Good, affordable and full coverage insurance policies are hard to come by these days. This is mostly because the industry has become so commercialized that the companies are out to make huge profits. Customers as well are out to make an investment and not necessarily manage risk. As such, where to locate the most affordable insurance companies has become a key question for as many people as who want to buy the covers. All the same, it is said that people perish for lack of knowledge.

With proper information at hand, one is more likely than not to know about locating insurance companies which are affordable in hand. First, one needs to look at all the available options at hand. Get advice if you must, but be sure that what you have is adequate enough to land you where you want to be. There are firms that specialize in getting fair and cheap insurance quotes for their clients. Some specialize according to the different policies there are, while others simply involve themselves with all categories of insurance policies.

Once you have the options on the table, you have a general idea about insurance companies’ rates. What you then need to do is to make a decision, based on what you can afford to pay per month for the premiums. You also should know what the rate of compensation is before you can commit yourself financially. If the terms are too high or unaffordable, you may want to consider going for Government based programs. The advantage with them is that they offer subsidized rates and considerable coverage.

The internet is one place where you can locate the most affordable insurance companies. Many firms advertise for their quotes online. Your search should not stop here though. You need to talk to brokers and insurance companies in person to hear what they have got to offer and how their rates differ form those you got online. At the end of the day, only settle for the offers that give you a complete package as that is the best way to look at affordability.

It is important to compare insurance quotes before getting signed up with an insurance policy. When you compare insurance quotes you can rest assured you are saving both time and money because you are guaranteed to get the lowest insurance quote.

Given the current recession it is important to make sure to prioritize your money and compare insurance quotes online. A good place to state would be an online website that actually allows you to compare insurance quotes online for free.

Affordable Insurance Coverage

When it comes time to insure your vehicle price is often one of your most important considerations. In fact, it is so important that that is how insurance is generally sold. Whoever can give you the lowest quote, after a quick survey of your options, gets your business. Ideally, in fact, you’ll make this momentous decision in the course of minutes and hours. As one famous commercial mused, that is hardly comparable to the amount of time you spent choosing the vehicle to be insured. Still, when it comes down to an insurance payment that you’ll be making regularly, price and not time is an important consideration.

What is Affordable?

For most people, the one caveat to an affordable insurance payment is an effective insurance plan. Being able to afford your coverage is meaningless if it means you are underinsured. All it really does is put you in compliance with the local law. When an accident happens, you’ll want more than that. You’ll want to know that you are truly protected. A truly affordable insurance plan is one that has the coverage you need at a price that you can afford to pay. Anything else is a waste of time and money.

Finding the Affordable Plan

The good news is that this affordable plan is actually out there for you to find. In fact, if you sort through those quotes looking at what kind of coverage they include, you might very well find the exact plan that you are looking for. Alternatively, you can sit down and do the devising yourself. Many companies now offer plans that you can put together yourself to fit your specific needs. In either case, though, you’ll be able to achieve the peace of mind you’re looking for. You’ll be covered and protected at a price that you feel you can actually afford.

Great Feature of Free Home Insurance Quote

Free home insurance quotes have been around a long time. The history of insurance goes back about 4,000 years. That is a deep well of experience that modern agents can draw upon to service their clients. For much of that time, agents have been offering free quotes.

The free home insurance quote is a great feature that a lot of insurance companies are giving to everyone that is willing to become a customer. Even though you do not become a customer, they will still give it free. It provides you an opportunity to shop around and make a very informed choice as to where you should consider buying your home insurance from. A free quote could be just what you need to insure you that you are saving every possible cent. This free tool should not be ignored.

You need to get free home insurance quotes when you’re about moving to a new home either as a renter or homeowner. Other occasions to get its quotes are:

– When you make extensive structural adjustments to your home.
– Whenever you consider your home has increased (or reduced) in value.
– When you add worthwhile to your home contents.
– After evaluating your coverage amount.

Agents will go to homes to provide free home insurance quotes if you make an appointment with them. They come out and look over your property. They find information they need to make a thorough quote.

There are a lot of insurance companies out there and not all of them will offer you a good rate. An auto or home insurance company can be inexpensive for your neighbor, but not for you. Auto insurance companies observe a few factors to decide the quote amount. Each driver is unique, hence, the best way to get cheap auto insurance is to take benefit of free insurance quotes and obtain as many as you want to make sure a good low premium.

You can obtain so much more than a free home owners’ insurance quote if you visit an insurance company’s website. Nearly all free quotes provided on the internet derive from a service that markets insurance for numerous different companies. However, you can discover more by going directly to the source.

There are surely benefits to obtaining free home insurance quotes online. However, there is something to be said for the personal touch you can find from a local insurance agent. To obtain the best insurance for your home, you need acquire your FREE quotes online from a trusted website. Therefore you will not fall victims of been cheated. Once you contrast cheap home insurance with your free online quotes you can make an informed choice about your homeowner’s insurance necessities.

How to Compare Home Insurance Quotes

How to compare home insurance quotes.

As a homeowner, one of your primary expenses every month will be your homeowner’s insurance. If you still owe money on your home, the bank will make sure that you have a good home insurance policy that will protect its investment in the case of a fire, robbery, or other disaster.

If you were going to buy a new car, you’d hopefully check around and get prices and quotes from several different places, so it only makes sense that you’d do the same thing with your home insurance. Before going with any one supplier, be sure that you compare home insurance quotes.

One of the simplest ways to do this is on conglomerate websites that will give you insurance quotes from several different companies at once.

This has the advantage of saving you time on applying for quotes from each individual company, but it has the disadvantage of not giving the absolute most accurate quotes. However, websites like these will give you a good starting place so that you can check out the companies with the lowest quotes.

Once you compare home insurance quotes on sites like these, you should check out your options with the individual companies.

Be sure that you have accurate information on hand. You’ll need, for example, the amount of your home loan, the actual appraised value of your home, and the total amount of insurance you’ll want.

You’ll also need to know what types of incidents your insurance should cover, so do some research on the basic types of home insurance plans before you apply for quotes.

You can usually get a fairly accurate quote about your home insurance from the websites of individual companies, but your quote will be even more accurate if you actually speak with an insurance agent.

This is because insurance agents will be able to tailor your quote to your actual needs, and they’ll also be able to seek out discounts that the company can offer you.

Common discounts include money off of your payment for having a sprinkler system installed, discounts for having a burglary alarm system, and even discounts for having deadbolts on all your outside doors.

Getting a quote over the phone will take a bit longer, but it will show you which companies will give you the best deals by offering you a variety of well-deserved discounts.

Once you’ve taken the time to compare home insurance quotes, you should go ahead and apply for homeowner’s insurance.

At this point, you know which company will give you the best deal, so you should only fill out one application. If the company ends up offering you a different deal than what you were originally quoted, you can always apply with a different company before deciding.

For the most part, these companies won’t take too long to get back to you. Also, you should always get new quotes once a year or so to be sure that you’re always getting the best possible deal for your current circumstances.

Young Driver Car Insurance

It is an unfortunate fact that the cost of young driver car insurance remains substantially higher than it does for drivers that don’t fall into the 18 to 25 year old category.

Because insurance companies regulate the cost of an insurance premium on a basis of risk, young driver car insurance is often inflated beyond an affordable level.

There are also some fairly frightening statistics that can push up the cost of insurance policies for young drivers. In the United Kingdom, one in every five new drivers will have a motoring related accident within six months of passing their driving tests.

Statistics also show that an 18 year old driver is ten times more likely to be involved in an accident than a driver over the age of 30.

Young driver car insurance becomes progressively more expensive for young male drivers than it does for young female drivers. This is based on the statistical evidence that a male will spend more time behind the wheel of a car and will be more likely to take driving related risks.

Research indicates that drivers between the ages of 17 and 20 are seven times more at risk than other male driver. Between the hours of 2am to 5am, this age range becomes seventeen times more likely to be involved in accident.

All of these statistics push up the price of young driver car insurance significantly.

Other factors that can be the cause of expensive premiums come from the likelihood of young drivers being over-confident. Young people often have a misjudged feeling of invincibility that can lead to unnecessary risk taking. Inexperience can also lead to young drivers assessing risks incorrectly and lifestyle habits may also see them being overloaded mentally.

Unfortunately, even the safest of young drivers will be penalised because of the risk factors involved when an insurance company decides on the price of a premium.

On the bright side, there are a few things that young drivers can do to bring down the costs of their premiums. Choosing a smaller engine capacity saves on both insurance costs and road tax, while limiting mileage and improving vehicle security also helps.

Perhaps one of the best pieces of advice that can be offered when trying to lower the price of young driver car insurance is to recommend an advanced driving course after passing the standard driving test.

Not only will this help lower the price of an insurance policy but the young driver also enjoys the added benefit of enhancing his own safety.

Worst Tips to Getting Cheaper Young Driver Car Insurance

5 – “Drive a cheap car, it’s cheaper to insure”

Well that’s not necessarily true I’m afraid; it really all depends on the current value of your car. Grab yourself a Kelly Blue Book or look online and get an idea of your cars’ value, if it’s worth less than say $3,000 then maybe you should have some derision for that collision coverage. The thing is, if you might struggle to get even a small down payment together on a new car in the event of an accident, then it’s probably worth keeping the collision cover on your older car to give you something to fall back on. You’ve also got to factor in that a cheap car is most likely to be an old car, and an old car almost certainly means few safety features like airbags and anti-lock brakes, or anti theft features. The lack of these features is actually likely to drive up other premiums and you may lose the all the savings you’ve made. Get the best car you can afford and enough insurance to properly cover you in the event of an accident. It’s not rocket science.

4 -“Just lie about your where you live to get the best deals”

It’s tempting I know, but if you use your parents address because it’s in a nice neighbourhood but you have in fact moved out, you may run into some serious trouble. Yes, it’s possible you might get a slightly lower insurance rate, but if you ever have to make a claim and your insurance company finds out about your lie, your policy will be cancelled and you will be left holding the bill. No insurance company wants to pay out on claims, but they do so because you have a contract with them. If you lie about anything on your insurance policy then that will most probably invalidate that policy by breaking your side of the contract.

3 – “Repaint your car; certain colours attract better insurance rates”

Ok, we’ve probably all heard the one about red and black cars being more expensive to get insured, right? No? Well, so the story goes, red and black cars tend to be driven more aggressively and by young drivers which means they attract higher insurance premiums. Although Insurance companies won’t ever disclose all the factors that are taken into account while calculating young drivers car insurance rates, it doesn’t take a genius to see that it is far more important what car you drive, NOT what colour it is. Which do you think will be more expensive to insure, a red Honda Civic or a brown Chevy Camaro Coupe?

2 – “Just get the legal minimum coverage to save money”

No reputable insurer would ever advise taking out only the legal minimum coverage to simply save money – it’s the very definition of a false economy! 40% of all road accidents involve young, inexperienced drivers and there are so many expensive cars on the roads these days that the minimum coverage will probably fall way short of the mark in the event an accident. Remember if you don’t have sufficient coverage you could end up losing a lot more than your car. If you want to save money on young drivers’ car insurance, you’d be better increasing your deductible, or trying to keep your mileage down rather than exposing yourself to the financial risk.

1 – “Get married and save money on your insurance”

You’ll find this ludicrous little gem dotted around the internet, and it’s surely the most stupid one of the lot. To be fair, there is a modicum of logic behind this as insurance companies do view married people as more responsible and can offer them lower car insurance premiums as a result. But come on, are you really going to get married to save on car insurance? Of course you’re not!

Car Insurance Quote Online

With some insurance companies you can get your car insurance quote online and most of these companies offer a small discount, but the problem with doing this is that unless you are an expert in the field of car insurance you might not be getting the correct insurance deal at the best price.

A specialist insurance broker will be capable of finding you the correct insurance deal at the best price in a matter of minutes, saving you not only a lot of time and effort but also saving you money and giving you peace of mind that you have got the right car insurance that meets your needs.

Simply by following a few simple steps you could save yourself quite a few pounds on your car insurance. Most, of course, are common sense like parking your car overnight in a garage or driveway at the side of the house instead of leaving it parked on the road and making sure your car is fitted with some kind of advanced security feature like an alarm system or a tracker. These devices will make your car less of a security risk and therefore it is far less likely to be stolen.

The choice of car that you drive is also something to take into consideration. Driving a smaller car is cheaper to insure, because insurance quotes are based on the size of the engine and also the model. For instance a flashier sports car will cost you more to insure than a family model.

If you get a car insurance quote online remember that a broker can always get you the cheapest insurance. Remember that next year when it comes to the time of renewal do not simply renew your car insurance because it might not be the correct insurance deal at the best price. Most discounts you got as a new customer last year will not apply to you this year. Simply go back to your broker and get a new insurance quote online.

Get A Car Insurance Quote Online

When you need a car insurance quote online you need to supply the correct information so that you can receive a quote that comes close to what you need. Some people feel uncomfortable supplying this information, but unless you do, your quote might not be as accurate for you to compare to other car insurance quotes online. The car insurance company attracts your attention by providing this service online to potential customers.

If you receive a car insurance quote online from many different insurance companies, you can compare and find savings that help lower the cost of your insurance premium. The car insurance company offers different coverage plans and discounts. The online websites can explain the different plans and discounts, which allows you to choose the best one to cover your needs. Some things to look at while visiting a car insurance company online would be the liability coverage, bodily injury coverage and the medical, collision and comprehensive coverage.

A car insurance quote online still requires you to talk to an agent in order to verify your information and check your driving record and credit history. If you have forgotten anything, it will turn up and add cost to your car insurance quote. If you have included something that the insurance company does not include this could lower your quote. Most car insurance companies will then offer more discounts after finding out about safety features, driving classes taken and prior insurance coverage you have or had.

Car Accident Insurance Tips

Buying auto insurance can seem like an overwhelming task. There are many things to consider that can potentially save or cost you a lot of money and stress over the years. Here are three car accident insurance tips that can make this task much easier.

Tip #1: Drive A Low Profile Vehicle

Some cars carry high insurance costs based upon the perceived risks associated with those cars. For example, if you drive a sports car, most insurance companies will presume there is a higher inherent risk and assign a higher rate on your insurance policy. For much lower rates, drive a low-profile vehicle that does not raise any red flags with your insurance carrier.

Tip #2: Keep Your Credit Report Clean

Your credit report is often used by the insurance carrier to determine the amount of risk they assume to offer you a policy. Though most insurance carriers won’t proactively tell you that your credit report is used to determine your car insurance rates, there is a strong correlation between a person’s credit rating and the risk an insurance carrier assumes in offering that person a policy. Pay your bills on time and review your credit reports annually to ensure they are clean of errors.

Tip #3: Install A Car Alarm Or Anti-Theft System

Often, you can save money on your car insurance rates if you install a anti-theft device. Your rates are largely a result of the perceived risk that a car insurance company assumes in carrying your policy. Installing a car alarm in your vehicle lowers this perceived risk. As a result, your rates may be lowered.

The car accident insurance buying tips you have discovered above should save you some time and money in the near future. One other thing you should always do is shop around. Try to get quotes from as many car insurance companies as you possibly can before you choose your insurance policy.