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Stop Seeking Clarity – It’s Right Here

Insurance.

Simply defined, it is:

  1. a :  the business of insuring persons or property
  2. b :  coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril
  3. c :  the sum for which something is insured
  4. 2 :  a means of guaranteeing protection or safety <the contract is your insurance against price changes>

(Merriam-Webster, 2016)

Again, that is just the simple definition.

For some of us that is just a bill we automatically pay each month or a deduction that comes immediately out of our paychecks.  For others, it is a lifeline and security for the future.  For all of us, it is extremely important.

Sometimes it is difficult to know which policy is the right policy.

Do you have what seems like endless questions regarding insurance coverage?

You are not alone.

You are not the only person to wonder about the who, what, when, where, why, and how?

Who needs insurance?  Who do I talk to about coverage?

What are the types of insurance?  What do I need to do to get insured?  What will it take to get the coverage I need?  What are the best rates?

When do I need to get life insurance?  When will my policy become active?

Where do I find a reliable insurance broker?  Where can I compare rates?  Where is my money going?

Why is insurance so important?

How much is insurance?  How do I know I will be approved?  How long before my coverage begins?

The questions seem endless and it all can be so confusing.

However, the right insurance agent already has the answers and can take the infinite list and narrow it down to just a few simple statements.  Education is the key to choosing the right policy/policies for you and your loved ones.  The types and varieties of insurance policies are almost infinite.  They include different features, coverage, and most definitely, costs.  It takes a certain amount of research – and patience – to find the right policies.  This is not something that you can go into blindly or just haphazardly sign on the dotted line without being completely educated.  The best thing to do is NOT go at it alone.  Yes, spend the time educating yourself, but also invest in partnering with an insurance agent – that you trusts and make you feel comfortable.  This partnership can last a life time and greatly decrease the amount of confusion and stress that can surround the purchasing of various insurance policies.
A competent and successful independent insurance agent can and will provide you with clarity, information, quotes, and a policy.  Please contact us today.  We have all of your insurance needs covered.

Time to find some clarity
Time to find some clarity

 

Discounts Everywhere

Do you like discounts?  I know I do!  In fact, I don’t now anyone that doesn’t like to save money!  There are numerous factors that can determine the type of discounts you are eligible to receive on your car insurance.  Your gender, age, location, and driving record are the most common discounts that most of us either know about, hear about, and/or currently receive.  However, the majority of us out there have no idea how many other discounts are available – and if we don’t know about them, then we can’t ask about them, and then we can’t receive them!

You can potentially get discounts for – age, gender, location, driving record, driving training courses, multiple vehicles, policy bundling, being a good student, maintaining low mileage, having a low-risk profession, having a public service career, holding a degree in a specifc occupation, have memberships to  auto clubs, credit unions, alumni organizations ( and more), bing in the military, being a federal employee, paying your policy in full – and SO MUCH MORE.

That is nowhere near an all encompassing list of potential discounts.  Speak to your insurance agent as soon as possible and see how much money you could be saving with all these “hidden” discounts!

 

Car Insurance Pricing Plans

The law requires liability insurance for all drivers and vehicles. This means that if you are involved in a serious accident, and it turns out that it was your fault, your insurance company will pay out any claims that are made against you. Extra coverage on your own vehicle, called comprehensive insurance, is optional.

Insurance companies based on a number of risk factors will calculate the price you pay for this insurance. Basically how it works is the more they feel you are at risk of crashing, and the more they think the resulting crash will cost them, the higher the premium you’ll pay.

Assessment

Common factors that will be to assess the premium are the value of the car you’re driving, the safety of that vehicle, the coverage you want, will there be deductibles or limits etc.? How much you’ll drive the car, how your driving record st ands, how long you’ve held your license, your age, and if you are young, also your sex.

The premium is then calculated. Usually there is a flat per car, per year rate that everyone pays, regardless of other factors. The other factors will then alter this rate, generally upwards. So if your car is especially fast or dangerous your rate will be increased by a set amount. If it is very old, your rate goes up. If you’ve had one or more accidents in the past, your rate will go up. If you’re young and male, your rate will go up. The more of these factors you satisfy, the more your rate will be going up.

Discounts

As a sales enhancement, many car insurers offer a “low estimated future mileage” discount to customers who predict that the car’s mileage will be below some stated limit during the next premium period. There is no verification involved and no additional charge if the car is subsequently driven more than the stated amount. This arbitrary discount tends to foster customer belief in the mistaken idea that “miles” are just one of many classification factors used to raise or lower prices from the territorial base rate. In fact, odometer miles (which insurers do not use) are not a factor but a metric – the only valid basis for measuring each car’s consumption of insurance protection in on-the-road use.

The best way to save on car insurance is to shop around, keep a good clean driving record, drive safely, and choose reliable cars that are not known for their power and speed.

Car insurance for lady drivers

Car insurance companies prefer lady drivers to their gentlemen counterparts because they are considered as much less risky drivers. It is not that the accident rates of ladies are low. They face as many accidents as males do. However, the damage caused by them is not as much in most of the cases. So, their claims after the accident are also less. That is why on an average women’s car insurance premiums tend to be 30% lower than that of the male counterparts having same demographic profile.

They drive at speeds lower than men. Hence, accidents caused by lady drivers are not serious. So, even if they might claim as often as males do yet, in all they claim less amounts, giving insurers lesser premiums. Since the male drivers drive at higher speeds so even if they crash on their own, the loss is high. In case, the accident involves two vehicles in high damage state, it becomes an insurance company’s nightmare.

A lady is regarded to be a better risk right from the age of 17. There are many premium discounts available for a young lady driver, like pass plus certificate. It is a series of extra lessons that a young lady driver learns following their test. It can gain you a discount of around 30% for the first year.

Some car insurance companies specialise in auto insurance for women drivers. Literally, these companies try to insure women drivers only. They don’t even encourage getting a lady insured with her husb and under combined policy. Because they can’t give too much discount, as they have to think about her husb and’s high risk factors as well. So, they would prefer woman with woman. It means providing less risk in total, meaning lower premiums in total. That really clicks for them.

So, the calculation is simple – the lower premiums might mean that they don’t make much profit. However, if they can get as many women as possible, then the volume of business can go high. Look out these companies if you are a woman. Lady car insurance quote includes legal cover as well. It helps you to claim back your excess from the third party in the event of a non-fault claim. You can further lower your premium by parking your car overnight in the garage, by getting extra driving license course, and maintaining a good driving record.

Why I Love Term Life Insurance

I love term life insurance because it helps to secure my future in case something happens to me. It will protect my loved ones from financial disaster should I die.

I love term life insurance because I can get it at a fixed rate and is renewal when the term expires. Term life insurance is least expensive to obtain, so it fits better into my budget. My term life will help to replace my income should I decease. It will help to pay off a number of things so as not to be a burden on my family. It will take care of my debt, medical care, student loans, end of life expenses such as funeral costs and my mortgage.

If I bought a term policy for one year and I am told that I am going to die within one year, the death benefit is paid. No death benefit is paid if I were to die one day after the term should end. It is not likely that I will ever chose one year policies unless the doctor said I had less than one year to live.

At terms end, I can renew my life insurance or convert it to a permanent type life insurance.

Road Rage

Road rage. You hear about it, you know what it is, however when is the last time you actually were involved in it? Being in the insurance industry, you can bet that I hear about road rage, its effects on driving habits, premiums for auto insurance and so on. I’m a trained professional, so I would never fall into that trap I know so much about and take it out on another driver, or would I?

I’m driving home from the office, minding my own business. The street I’m driving on begins to narrow, well it always does that after all. However today there appears to be some parties in progress. There are rows of cars parked on both sides of the street and I immediately notice no less than ten valet scurrying up and down the street picking up and dropping off cars. Being the careful, well trained vehicle operator that I am, I slow down for safety.

After a few moments, I’m at a complete halt; not really much of a choice with cars on both side of the already narrow street and people walking around and valet personnel hopping and jumping about. Soon I’m inching my way up, taking turns with cars coming down the street, I pull to the left, the car passes, I migrate up a car length while the opposing traffic does the dose-e-do with me. This is the safe, polite and in all truth only way to slowly crawl up the street and we’ve all done it before. Haven’t we?

From what appears to me as out of the blue, a car whips around the corner and I would have sworn connected its front bumper to my rear bumper. As I’m inching my way along, this car is for all intense and purposes, attached to me. After a few duck and cover operations trading space to let oncoming cars go by and then moving along myself, this car, or more accurately this driver starts honking at me. It’s a shame that a car horn only signify objects in front of you and not behind, because if I had the ability to honk back at him, I would certainly have opted to do so.

After honking at me for a solid minute give or take, I would have loved to let him pass, however alas, there is barely enough room for one car to get by let alone one car pass another. So, I do what any conscientious law abiding driver would do – I stop. Completely stop and wait for my little attached to my bumper tumor to take a few breaths and relax. Sure, in hindsight, I can see how this would probably not accomplish that at all, and in fact it didn’t. It royally pissed this guy off.

Being the uber-social fella I am, I figure if I roll down my window and wave to him, smile, perhaps make the “calm down” gesture, he will get my drift and actually, well, calm down and relax. After rolling my window down I do just that and wouldn’t you know it, I can hear him, well, saying, cursing at any rate, trying to communicate back to me. Ok, so maybe I should just keep moving then. So I keep moving up, stop, pull to the right let a car go by, go up a little more, rinse and repeat.

At long last I make it to a place where there actually is room for a car to get around me, apparently a spot a valet didn’t yet fill and my little growth takes the opportunity to speed right around me. I’m expecting “the look” or worse, so I put on my best and most friendly smile. Instead of any communication human to human, he instead pulls infront of me and slams on his breaks bringing me and all cars behind to a halt. I can’t say screeching halt, as much as that would make this sound so much more dramatic, after all we are only going a few miles an hour at best. I sigh and say to myself, ok, get it out of your system and we’ll all move on. Sure enough, after a minute or so and people behind me begin to honk, he starts moving along. All is forgotten and we’re all moving along again, same pace, just a new leader in the pack, him.

Uh oh. Now he pulls over and waits to be passed. I exhale and just drive on past, not even turning my head to engage him. Sadly, he is not ready to live and let live. Tires smoking leaps behind my car, almost hitting the car that was behind me and again re-attaches his front bumper, fugitively speaking, to my rear bumper. Now I’m spooked. I’m not going to let this dude follow me to my front door, so I take the first opportunity to turn on to a street, hoping he will pass. Nope. No dice, he turns with me.

With my luck for the day, I have turned onto a cul-de-sac and have no choice but to turn around and head back and surprise surprise he has pulled over and rolled his window down to have a little chit-chat with me. So be it. I slowly pull up, with no other option, and our two driver windows are only a foot apart. I stop and open my window.

He asks what I was doing, and although I think it was pretty self evident, I decide to give him an honest answer. I tell him I was driving carefully up the street. He says I was holding up all the traffic, and I explain to him that I was really going as fast as was physically possible and he really should just relax, it’s always better to drive and error on the side of caution. Next he wants to know why I had the “audacity” to stop in front of him. Again, I smiled and gave him an honest answer, “to give you a few seconds to calm down.” He tilts his head to the side studying me to see if I’m serious and then smiles and says, “ok, well take care and have a great day.” Not even the slightest hint of sarcasm in his voice either, oddly enough. I pay him the same respect back and we both pull away.

I notice he drives the other way, back down the street, meaning he actually was following me, at least for a while to follow me, not to get to anywhere specific in the direction I was traveling. That won’t give me too many nightmares.

At the end of all of this, I’m left in my driveway thinking it all over. What did I do wrong, where did I go wrong? Leave a comment below and you tell me who you think was in the right, or wrong.

Karl Susman, Agent

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