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Why a Teenager Should Stay on Their Parent’s Insurance Plan, And Why They May Be Kicked off the Plan

Posted by on Oct 5, 2016 in Uncategorized | Comments Off on Why a Teenager Should Stay on Their Parent’s Insurance Plan, And Why They May Be Kicked off the Plan

As a teenager, you will enjoy several benefits if your car is insured under your parent’s policy. Here are two examples of the benefits to expect: Insurance History A motorist with an uninterrupted insurance history is more likely to get good rates than another motorist with a dismal history. Gaps in your insurance history make you a risky client for the insurer; what if whatever made you go without insurance in the past reoccurs? Fortunately, you can get a long and interrupted history by remaining on your parent’s insurance so that you can take advantage of their history. Inexpensive Auto Insurance Even if you can buy your own coverage, it is much cheaper to get covered under your parent’s policy than to get your own coverage. In fact, according to some statistics, the family can save as much as $3,053 annually by getting the teens covered under a single family plan. Despite the benefits outlined above, you may not be able to stay on your parent’s plan forever. Even if you don’t want to buy your own policy, you may be forced to do so under the following conditions: You Move out of Your Parents House Most insurers will only allow you to stay on your parent’s policy if you are a member of the household. You are considered to be a member of your parents’ household if you still live with your parents. Therefore, you stop being a member of the household when you get your own place, which means you lose the privilege to stay on the parent’s policy. This may happen, for example, when you start college and decide to stay in a rented house off campus. You Marry As a general rule, your parent’s insurer only allows you to stay on the policy if you are still dependent on the parent. Marriage shows that you are independent, which means the insurer may require you to buy your own coverage. Also, you are likely to move out of your parent’s house once you get married, which is another reason you may have to buy your own coverage, as explained above. As a teenager, it pays to talk to your parents and an auto insurance agent before buying coverage for your car, even if you bought it with your own money. You might just learn that getting covered in your family plan is the best way to get the cheapest rates. For more information, contact an agent like those at Kesner Insurance Agency...

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Will Your Auto Insurance Provider Drop You After You File An SR-22?

Posted by on Sep 20, 2016 in Uncategorized | Comments Off on Will Your Auto Insurance Provider Drop You After You File An SR-22?

If you were recently convicted of driving under the influence (DUI), driving while intoxicated (DWI), or another serious driving offense, then chances are you’ll need to file an SR-22 with your auto insurance provider. You might’ve heard plenty of stories about insurance companies kicking their customers to the curb after they tried to file an SR-22 with them. The following talks about how your auto insurance provider will likely handle your need for an SR-22. You can also learn what to do if your insurer drops your current coverage. It Depends on the Insurer For auto insurance companies, providing coverage is all about managing risk. Drivers with zero accidents and a perfect driving record represent the least amount of risk, as they are less likely to file an expensive claim with their insurance provider. Being convicted of a DUI or DWI puts you in a category that represents the greatest amount of risk to your insurance provider. There are plenty of ways that insurance companies deal with drivers who’ve suddenly become high-risk. Some companies may double or even triple that person’s insurance premiums in order to adequately cover the increased risk. Others may decline to renew your auto insurance policy once it expires. If this happens, your insurance provider may notify you via letter 30 to 60 days before to policy is set to lapse. Some insurance providers may even decide to cancel your coverage immediately upon receiving an SR-22 request. Although this seems rather abrupt and unfair, insurance companies are well within their power to minimize their exposure to risk. What to Do If Your Provider Drops You If your auto insurance provider decides to end your coverage because you need an SR-22, you’ll have to shop for a new auto insurance policy as soon as possible. Although some companies won’t work with new customers who need an SR-22, there are those that specialize in insuring high risk drivers. There’s a good chance you’ll end up paying more than you originally paid for your old policy, but at least you’ll have coverage. However, you can soften the blow by comparison-shopping among multiple insurance providers. This way, you’ll be sure to find an affordable auto insurance policy that meets your unique needs. In most states, you’ll be stuck with an SR-22 until you have at least 3 consecutive years of a spotless driving record. Until then, you’ll have to put up with the unique aspects of having an SR-22 on your auto insurance policy. For more information, contact local professionals like Angel Auto...

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What Types Of Insurance Does My Home Business Need?

Posted by on Aug 30, 2016 in Uncategorized | Comments Off on What Types Of Insurance Does My Home Business Need?

Small home businesses are in just as much need for commercial insurance as larger, office-based counterparts. In some ways, insuring a small home business is even more important; it protects you from personal liability in matters that should really take their toll on your business insurance. Here are some types of commercial insurance to consider for your home business.  General Liability Insurance The first thing that many new businesses opt for is a general liability insurance that covers a wide range of issues, such as problems with your product or service, damages to your product or business equipment, and complaints of on-site injuries from your clients. While a general liability claim may provide some assistance for a very wide range of claims, you will also want to tack on specific coverage for more specific claims so that they get covered at a higher rate.  In-Home Business Insurance You’ll also want to consider in-home business insurance if you’re primarily running a business out of your home. If you can’t afford to start out with a general liability insurance policy for your small business, then a small in-home insurance policy could be enough to protect you as your business gets off the ground.  Professional Trade Insurance Many small home businesses consist of a licensed professional providing a service. If you have worked in your trade with a larger company before, then you might have been covered under their errors and omissions insurance. As a small home business owner, you will need to seek out appropriate coverage in your profession. It gives both you and your clients peace of mind in knowing that your professional services are guaranteed for liability issues.  Property Insurance Your home property insurance coverage likely doesn’t cover claims that are based on your business. For example, if you have business equipment on your property and it’s damaged, home insurance may be reluctant to pay for the damages. But many property insurance policies for home can be extended for home business coverage. Or, you could get separate property insurance for the business area of your house. It’s worth discussing with your commercial insurance agent to make sure you’re covered.  In short, even small, home businesses have a variety option options when it comes to insurance protection. Speaking with a business insurance partner (like Ratcliffe Insurance) can help you get a package deal that’s affordable for your business when your funds are still...

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Got a Teen Driver? Here’s What You Need to Know About Your Auto Insurance

Posted by on Aug 8, 2016 in Uncategorized | Comments Off on Got a Teen Driver? Here’s What You Need to Know About Your Auto Insurance

When your child hits the age when they can legally start driving your vehicles, it will definitely bring about a new set of worries and concerns. Beyond the frazzled nerves that come along with being a parent of a new teen driver, you are also going to be facing changes with your auto-insurance coverage. Not only will you be adding another insured driver to your policy, but you could also see changes in premiums and a need for different types of coverage. So you don’t run into any big surprises with these changes in your auto insurance when your youngster climbs behind the wheel of your car, there are a few things you should know.  You should add your teen driver to your policy as soon as they obtain their learner’s permit.  Once your child gets their learner’s permit, it is crucial that you do go ahead and let your insurance company know. If an accident occurs when your child is driving your vehicle with a learner’s permit, if the insurance company did not know about the change, they may not cover the damages. Depending on what state you live in and the specific carrier’s terms of service, you may or may not see an increase in your premiums after you make this change.  It is a good idea to up coverage temporarily if you have a teen driver.  Teen drivers who lack experience are considered a greater risk by auto-insurance companies, so once one is added onto your policy as a fully licensed driver, you will likely see your premiums go up. However, do not let this change in premiums prevent you from adding additional coverage that may be even more important with an inexperienced driver in the house. For example, if you do not currently carry full coverage and instead carry only liability, now would be a good time to make the change. There may be discounts available to help you save when you add a teen driver to your policy.  Along with carrying a newly licensed teen on your insurance policy will come increases in your payments, but there may also be ways for you to save. One discount that specifically applies to teen drivers is the good-student discount that many insurance companies offer if you can submit proof that your teen maintains a high-grade point average in school. Talk to your insurance provider to find out more about this and other forms of discounts that may help you save on insurance costs. Talk to your insurance company or companies like Insure With U.S. for more...

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Supporting Employees Through The Workman’s Compensation Process

Posted by on Jul 28, 2016 in Uncategorized | Comments Off on Supporting Employees Through The Workman’s Compensation Process

Having an employee injured on the job is every boss’ nightmare, but there are plenty of steps that you can take to make the process more comfortable for everyone. Here are some ways to help your employee out with their workers’ compensation claims. Spell Out the Procedure The first thing to do is to make sure that your workmans compensation policy is transparent. You should have a pamphlet on hand (or a section in your employee handbook) that details everything your employee will need to know about successful workmans compensation insurance claims. This includes the steps to take, the employee’s responsibilities, and details of your insurance plan (including contact information, plan rules and a list of approved care providers if needed).  Support the Application Process You can also show your employee support by actively following up on their claim process. Some steps must be initiated by the employer. You will be the one to open a claim with your workers’ compensation insurance company. You can also play a role in gathering documentation of the workplace accident. It’s also helpful to make sure that your employee is submitting the right information to the insurance company.  Designate a Lawyer Having a workers’ compensation lawyer on hand is beneficial for speeding the process along. Although the lawyer will represent your business, you can choose an attorney who is sympathetic to both you and your employee’s needs throughout the claims process. Hiring a lawyer doesn’t need to represent a hostile or competitive move against the employee; your lawyer may simply be a legal representative who understands the workers’ compensation process and helps to make life easier for all parties involved. You can bring in a lawyer from the very beginning or wait to use their help only if you are experiencing some difficulties in getting the workers’ compensation claim approved.  Ask How You Can Help Being injured on the job can damage the employee’s relationship to the company if it’s not handled well, but it can also be a great loyalty booster when it’s done correctly. This is your opportunity to truly show that you care about your employee by being proactive in helping them get through the ordeal. Instead of waiting for feedback or complaints from your employee about the process, proactively ask what you can do to make their healing smoother. Some ideas that come to mind are additional PTO or unpaid leave, helping them rearrange their desk or providing equipment to make them more comfortable, and rearranging project loads so that they can ease back into...

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Take These Steps To Make Your Life Easier In The Event Of Having To Make A Home Insurance Claim

Posted by on Jul 10, 2016 in Uncategorized | Comments Off on Take These Steps To Make Your Life Easier In The Event Of Having To Make A Home Insurance Claim

No homeowner ever wants to reach the day that he or she needs to make a home insurance claim, but being partnered with a trusted insurance provider will make the process easier. In the meantime, there are several steps you can take to make the process easier, too — even if you hope to never find yourself filing a claim. Whether you end up being a victim of a property crime or find yourself dealing with damage caused by Mother Nature, a little preparation in advance will help you navigate the claim process deftly. Here are some simple steps that every homeowner should take. Invest In A High-Quality Safe People commonly associate the use of a safe with keeping their valuables protected, and while this is true, there’s another benefit to having a safe. Keeping a safe in your home allows you to protect documentation that you’ll be able to use in the event of making a claim. Filing a home insurance claim, regardless of the reason for doing so, is immeasurably easier when you’re meticulously organized with paperwork that supports your claim. Get Your Valuables Appraised Whether you have a valuable piece of art on the wall, an old piece of jewelry that has been in the family for several generations or something else that you believe holds a high monetary value, spend the time and expense to get these items appraised by a professional appraising service — and keep the appraisal documentation inside the safe. In the event that something is damaged in a natural disaster or stolen in a burglary, you’ll have an official record of what the item is worth. This makes the claim process much easier than trying to describe the item you say was stolen and prove that it was indeed taken, for example. Official appraisal reports typically include photos of the items, so make sure to keep these inside the safe, too. Keep Your Receipts Some things that you buy can have a significant value but not be worthy of being appraised. As you buy expensive things, keep the receipts in your safe, along with a photo of each item. For example, if you buy an expensive television that ends up being taken in a burglary, you’ll have a picture of the item and its value at the time of purchase. This can help your insurance adjuster factor this loss into the money you’ll receive through the claim process. Talk to a provider, like Callis & Associates, for more...

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Heading On A Road Trip This Summer? 3 Safety Tips To Help You Avoid Problems On The Road

Posted by on Jun 1, 2016 in Uncategorized | Comments Off on Heading On A Road Trip This Summer? 3 Safety Tips To Help You Avoid Problems On The Road

Driving during the summer can be a real challenge, especially when the temperatures go through the roof. Elevated temperatures can turn you into a distracted driver, especially if you can’t concentrate on the road because you’re too busy trying to cool down. Not only that, but the heat can also wreak havoc on your car. Both of those issues can result in a call to your insurance company for roadside assistance – for either an auto accident or a mechanical breakdown. To prevent accidents caused by hot weather distractions and mechanical breakdowns this summer, here are three safety tips you should keep in mind. Think Auto Safety Before you head out in your car this summer, be sure you’ve done a thorough safety check of your car. Breakdowns can occur when you least expect them, especially if you haven’t ensured that your car is ready for the road. Your safety check should include the following items. Check and top off your fluids – pay close attention to the coolant levels Adjust the air in your tires – be sure they’re properly inflated for the trip Fill up the tank – you don’t want to get stuck in the heat with an empty gas tank Watch the temperatures around kids and pets Wear Appropriate Clothing It can be tough to focus on the road when you’re wearing uncomfortably warm clothing. That heat can turn into a distraction that can prevent you from focusing on the road. This is particularly true if your body temperature begins to rise, causing you to get sick. Before you head out in your car, be sure you’re dressed appropriately. If you think the temperatures are going to change during the day, start out with layers. This will allow you to remove layers as the temperatures rise throughout the day. Be sure to pull off the road before you remove layers of clothing, though. Trying to remove a piece of clothing while you’re driving could cause an accident. Keep a Cooler in the Car You never know when your car is going to break down while you’re on the road. A summertime breakdown could leave you stranded on the side of the road while you wait for roadside assistance. To help keep you and your passengers cool while you wait for your insurance company to send help, always carry a cooler full of water and sports drinks in your car. Summer is almost here. It’s time to start planning your road trips. The information provided here will help keep you safe while you’re on the road. For more helpful tips to keep you safe while you travel, be sure to speak to your insurance agent. They can provide you with additional travel tips. Talk to a business like Coast Comp Insurance Agency for more...

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Talk To Your Newly Licensed Teenager About These Driving Issues That Could Affect Your Insurance Rate

Posted by on May 13, 2016 in Uncategorized | Comments Off on Talk To Your Newly Licensed Teenager About These Driving Issues That Could Affect Your Insurance Rate

It’s a big accomplishment for your teenager to receive his or her driver’s license, but until the teen also gets his or her own auto insurance policy (from an outlet such as, you need to be sure that the teen’s actions while behind the wheel don’t impact your policy in any way. It’s one thing for the teenager to be in an accident — but another thing entirely for him or her to engage in some form of unsafe driving and receive a ticket that could impact your insurance rate if it occurs frequently enough. Although you might have consistently discussed the need to drive safely, here are three things that teens might be tempted to do — and why you need to reinforce the importance of avoiding the temptation.   Driving While Distracted Checking the smartphone while behind the wheel certainly isn’t limited to only teenagers, but in an era in which many teens are glued to their phones, it can be overly tempting for them to send text messages, check their email, play with chat apps or otherwise use their phones while driving. You need to impress upon your teenager that police officers in many states will ticket you for driving while handling a phone and that the ticket amount can be significant. If your teen gets repeated distracted driving tickets, there’s a chance that your insurance rates could change, so make sure your child knows to keep the phone out of reach while driving.  Street Racing Many adrenaline-filled teenagers might face the temptation to meet up with their friends and race down the street. Not only is doing so extremely dangerous and carries a high risk of being in an accident, but there’s also the risk of receiving a street racing ticket. In many areas, police officers can hand out larger tickets when they deem that drivers are racing. This will carry a hefty fine, might even include a suspension of the teenager’s license and can affect your insurance rate. Driving Under The Influence Your teenager needs to know that driving after drinking simply cannot happen. However, given that your teen isn’t of legal drinking age, it’s possible that he or she might consume alcohol at a party and drive home in an attempt to avoid letting you know what has happened. Make sure the teen knows this behavior is highly dangerous and could affect your insurance rate. It’s better to tell your tell to call you for a ride, even if he or she is afraid of doing so. And, as a parent, you need to remember that getting this call shows a degree of...

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Unexpected Things Covered By Your Homeowner’s Insurance

Posted by on Apr 28, 2016 in Uncategorized | Comments Off on Unexpected Things Covered By Your Homeowner’s Insurance

When you do make a claim on your homeowner’s insurance, it’s probably for storm or fire damage or one of the other well-known problems that property owners face. You may not realize that your homeowner’s insurance covers you for some other expensive issues. You need to truly understand the extent of your coverage so that you can file appropriate claims when a loss occurs.  Food If you’ve ever fallen victim to an extended power outage, you know the sadness you feel as you watch hundreds of dollars of food go bad despite your best efforts to use coolers and keep the refrigerator door closed. Most homeowner policies cover the contents of your refrigerator, usually without requiring you to pay a deductible. If you suffer the loss of your refrigerated food, you should check with your agent about making a claim. College Rooms When your child goes to college, some of your insurance coverage goes with them. In many policies, your child’s possessions are covered while they live in a dorm, so if a thief snags your scholar’s laptop, it should be covered. You do need to investigate the level of coverage offered, however, as it can vary quite a bit. Still, if your student lives on campus, their possessions should fall under your homeowner’s policy.  Group Violence Riots do break out, and they do affect people’s private property. Recent riots in or near major cities certainly caused damage to homes. Homeowner policies do carry standard provisions for these events. Your property should also be covered in case of a terrorist attack. Damage from war is not included in standard coverage.  Libel and Slander Of course, you should always watch what you write and say about other people. You never have the right to spread misinformation about anyone. Unfortunately, you may not be able to control all members of your family. If your spouse spreads a harmful fiction about someone and is sued by that person, your homeowner’s policy should cover at least part of the expense. You may be unaware of a number of protections you have under your current insurance, meaning when certain disasters strike, you are not filing valid claims. First, read your homeowner’s policy to become familiar with its more obscure protections. Then consult with your agent about what additional coverage you may need. You are paying premiums to protect you from these losses, so you should be reimbursed for them when...

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3 Mistakes To Avoid So You Can Get The Most Out Of Your Home Insurance

Posted by on Apr 12, 2016 in Uncategorized | Comments Off on 3 Mistakes To Avoid So You Can Get The Most Out Of Your Home Insurance

Having home insurance is incredibly important. If you have a loan on the home you may be required by your mortgage lender to always carry insurance. However, even if it isn’t required of you, you should always carry insurance. In order to get the most out of your home insurance policy it is important that you take some steps to protect yourself and your home. Here are some things you should avoid doing. 1. Fail To Keep Up Maintenance on The Home Many times your home insurance policy will cover the cost of damage due to accidents to the home. For instance, if your water heater were to break and flood the basement, your home insurance policy would help to cover the clean up and damage to belongings. This is why it is important that you keep the house properly maintained. If you fail to follow standard safety regulations, if you use outdated appliances that are dangerous, or if you are neglectful of the house, there is a chance that you won’t be covered if an incident was to happen. This is why you should always make sure that your home is up to code and following the state’s safety mandates. If not, you could have a problem with your policy. 2. Not Having The House Properly Appraised Another important part of home ownership is making sure that your house is properly valued. When you get your home appraised you will get the actual structure of the house appraised, as well as the belongings inside of it. If you have very expensive furniture, extra features in the home, or any other thing that is worth considerable amount of money, it is important that you have that officially stated by the appraiser. This way if the house were to become damaged, burn down, flood and so forth, you could get restitution for your property loss. 3. Allowing Dangerous Activity On Your Property Many homeowner policies offer liability coverage. This is the coverage that you get to protect yourself if someone were to try and sue you. However, just because you are protected through your policy doesn’t mean that you should allow dangerous activities on your property. If you have a trampoline, swimming pool or other potential hazard you should get waivers from guests before they swim or jump. You can also post signs of the risks. This will help to absolve you of responsibility if an accident were to happen. By avoiding these mistakes you can protect yourself. For more information, contact a company like Parker Insurance...

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