Insurance Articles & Education
Articles, Education and Advice on Insurance Plans & Coverage
Information that will help both educate and keep you informed on best practices when choosing the right insurance coverage for you, your family or your business.
Articles related to Auto Insurance Coverage
Hidden Discounts Can Lower Auto Insurance RatesFebruary 17th, 2012
The average American most likely believes that he or she is paying too much for car insurance, but the simple truth of the matter is that many Americans do not take the various steps that could help them lower their auto insurance premiums. The situation in the state of Texas is a case in point. [...]
Michigan Sees Steep Decline in Car Theft RateFebruary 10th, 2012
ATPA, otherwise known as the Michigan Automobile Theft Prevention Authority, has released its annual report for 2011, detailing that the rate of vehicle thefts in the state experienced a steep decline during the 2010 calendar year. Compared to the year before, thefts were down almost 9.5%. This is excellent news for car owners in Michigan, [...]
Making the Move to Bundled InsuranceFebruary 9th, 2012
How much does the average American spend on insurance? The answer might surprise you. According to industry research, average Americans end up devoting more than 5% of their income to insurance policies – and some people spend about double that proportion of their income. The figure includes many different kinds of insurance, to be sure, [...]
Continuous Coverage Initiative Causing Controversy in CaliforniaFebruary 3rd, 2012
California has a history of micromanaging issues in the state through the use of the initiative process, which routes a limited amount of lawmaking power directly into the hands of voters. In 1988, voters in California decided that car insurance companies operating in the state would not be allowed to charge customers higher rates merely [...]
Car Insurance Savings without Moving to a New ZIP CodeJanuary 26th, 2012
Most of us would like to believe that the premiums we pay for a car insurance policy are determined by things that are under our own control – things like the model of car we choose to purchase, how far from our jobs we live, and our own individual driving records. In the complex world [...]
The Dangers of Substandard Car Insurance PoliciesJanuary 24th, 2012
Most American drivers do carry some form of car insurance, but in many cases individual citizens only purchase a policy at all because their state laws require it of them. As they have insurance, these individuals may feel that they are fully covered, but unfortunately, this can be far from the case. State laws usually [...]
New Jersey State Official Recommends Insurance BundlingJanuary 18th, 2012
In these tough economic times, it makes sense to avoid spending unnecessary money whenever possible. A state official in New Jersey has echoed this sentiment, specifically singling out insurance products as an area where careful shopping can make a world of difference. Tom Considine, who serves as Banking and Insurance Commissioner in the State of [...]
Parents – Understanding Car Insurance for Young DriversJanuary 10th, 2012
For many American Parents, the issue of paying for a college education for their young adults or teenagers occupies a great deal of their time and attention. Even before the college issue comes up, parents will have to confront another major expense: car insurance for their teenage or young driver. Younger drivers are the most [...]
Car Insurance Issues – Ways to Prevent TheftJanuary 7th, 2012
According to the National Insurance Crime Bureau, New Year’s Day is more than the first day of the new year; it is also the day on which the most cars are stolen. Memorial Day is also a problematic day when it comes to the issue of cars being stolen. Why these two days? NICB data [...]
Correcting Common Misconceptions on Car InsuranceJanuary 2nd, 2012
Many people retain fundamental misconceptions about car insurance despite having held policies for years or even decades. It is always best to clearly understand how your various insurance policies work. Here then, are several common misunderstandings about automobile insurance policies. Comprehensive Insurance Covers Everything Policies referred to as “comprehensive auto insurance” do cover a greater [...]
Articles related to Health Insurance Coverage
Health Insurance The Debate Over Contraception CoverageFebruary 22nd, 2012
The details about what health insurance policies do and do not cover has consistently made the news during the early weeks of February thanks to an ongoing public discussion about the availability of contraceptive care for women. ObamaCare, the president’s landmark health care legislation, will require many employers across the nation to purchase policies for [...]
Health Insurance Reform a Tricky Issue in Brockton, MassachusettsFebruary 17th, 2012
Due to ObamaCare, the landmark health insurance law passed early in Obama’s presidency, many Americans are accustomed to thinking of health insurance as a national matter. In fact, however, states can also set and implement their own policies with regard to insurance for those residing within their borders. This is the case with Massachusetts, which [...]
Delays Hinder ObamaCare at State LevelFebruary 6th, 2012
President Obama’s landmark health insurance legislation was designed to allow Americans to purchase affordable policies that would deliver quality medical care. New research, however, suggests that at least 75% of Americans who are currently uninsured live in areas of the nation that have not yet developed adequate plans to implement the law. This is a [...]
The Growing Need for Long Term Care InsuranceJanuary 28th, 2012
The United States Department of Health and Human Services estimates that nearly three-fourths of Americans over the age of 65 will at some point during their lifetime require long-term medical care in one form or another. In the same group, more than 40% will need that care to come in the form of a nursing [...]
There is No Good Time to Drop Health InsuranceJanuary 24th, 2012
There is perhaps no more important time for consumers to have a good health insurance policy than during an economic downturn. It is when times are tough that Americans may be most unable to pay for their health care needs out of their own pockets. At the current time, however, spending on health care in [...]
Articles related to Homeowners Insurance Coverage
Homeowners Insurance and The Lifestyle FactorFebruary 22nd, 2012
Savvy home insurance customers know that one key to low rates is only buying the coverage that is truly necessary and appropriate. Contrary to popular belief, the homeowner’s insurance needs of a first-time buyer may be quite different from the needs of an empty nester or a well-established homeowner with a large family still under [...]
Your Choice of Dog or Pet Can Impact Insurance RatesFebruary 15th, 2012
The average American is used to the idea that a landlord might place restrictions on the types of pets allowed to live in the building. Most people who purchase their own home, however, believe that their choice of pet is nobody else’s business. That, however, may not be the case. Homeowners insurance companies sometimes have [...]
Revisiting the Need for Flood InsuranceFebruary 8th, 2012
With the winter season beginning to wind down and spring right around the corner, now is a good time for homeowners across the nation to reassess their possible need for a specialized form of homeowners insurance: flood insurance. Contrary to popular perception, the standard homeowners insurance policy does not cover water damage that is the [...]
Florida Homeowner Insurance Policies Offer Surprising BenefitsJanuary 31st, 2012
Most people think of homeowners insurance as financial protection that becomes useful when truly catastrophic events such as fires, hurricanes or robberies occur. Other people think of them primarily in terms of liability, protecting homeowners from having to pay damages when, for example, a visiting neighbor trips and is injured. In the state of Florida, [...]
Increases Expected From Major Homeowner Insurance CompaniesJanuary 25th, 2012
According to Robert Hartwig, who serves as the Insurance Information Institute’s president, natural disasters related to weather led to economic losses in excess of $70 billion during 2011. Insured damages totaled close to half of that number. That figure is quite high, considering that insured damages per year for the entire decade of 2001 through [...]
Articles related to Life Insurance Coverage
When Should Consumers Purchase Life InsuranceFebruary 13th, 2012
Like all types of insurance policies, life insurance pays a benefit when a certain event cues it. Unlike all other kinds of insurance, however, this event will definitely happen at some point. You may not ever experience a theft of your home’s contents or a devastating fire, but as the old adage insists, there is [...]
Understanding Life Insurance – The Issue of UnderwritingFebruary 7th, 2012
Like all businesses, life insurance companies are in the marketplace in order to turn a profit. This is true even though the business model of such firms touches upon the sensitive issues of life and death. In order for life insurance firms to operate, however, they must continue to be solvent. This means they must [...]
Life Insurance During the Golden Years of LifeFebruary 3rd, 2012
Senior citizens and others approaching that phase of their lives frequently wonder if they should continue to maintain their life insurance policies. Those who do not possess life insurance at all may wonder if they should go ahead and purchase such a policy. According to James Miles, who works for the Society of Actuaries as [...]
Life Insurance Practices Improved at States’ BehestJanuary 25th, 2012
A coalition of 19 different States has persuaded the Prudential Group to change its practices with regard to unclaimed property. The Prudential Group is one of the biggest issuers of life insurance policies in the nation. The federal district of Washington, D.C. was also instrumental in the agreement. Steven Grossman, who serves the State of [...]
2012 New Years Resolution Get Life InsuranceJanuary 19th, 2012
With the arrival of the New Year comes an annual ritual engrained in American culture: New Years Resolutions. Many New Year’s resolutions center around health and fitness issues, with a large number of Americans telling themselves that they will definitely exercise more or consume a more healthy diet. Relatively few Americans take advantage of the [...]
