What advice can you offer about choosing, using, & switching out different types

1. 87

   Simone Smithposted 11 years ago

   What advice can you offer about choosing, using, & switching out different types of insurance? (WTI)
   
   We’ve all dealt with some sort of insurance in our lives. What have you learned from your experiences? Share your advice on choosing (or going without), using, switching, and researching insurance policies as part of this week’s Weekly Topic Inspiration challenge. For search-friendly titles and group support, visit the official forum thread: http://hubpages.com/forum/topic/98017
   
   

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2. 67

   LandmarkWealthposted 11 years ago

   Depends on what type of insurance.  If your referencing life insurance, most americans are better of with term policies.  Permament insurance is most suited later in life for sizeable estates to mimimize estate taxes or aid in Long term care coverage.
   
   When it comes to property and casualty coverage both residential and commercial it really depends more on the state you're living in.  Some companies are more competitive in certain areas.

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3. 61

   dainy665daneposted 11 years ago

   Yes, I agree with LandmarkWealth, that would totally depend on the type of insurance you're going to buy. Best thing to do when choosing any insurance for you is to compare quotes and insurance rates of each policy. Ask for discounts on trusted insurance agents/carrier.. this can help you get discounts.

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      LandmarkWealthposted 11 years agoin reply to this

      Very true...incidently...Amica has a great all around reputation.

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4. 94

   angela_michelleposted 11 years ago

   A quick review of four of the best pet insurance plans rated by people like you. read more

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5. 96

   Kaili Bissonposted 11 years ago

   Oh, Pet Insurance! I pondered this last year when I got my two sweeties...so I'll write a Hub about that.

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6. 60

   sandy280posted 11 years ago

   First, a disclosure:  I am not an expert on insurance, of any kind; however, I have had some experiences that I will share with you.
   
   When shopping for home and car insurance, always get a quote from several reputable firms before making your... read more

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7. 60

   sandy280posted 11 years ago

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      sandy280posted 11 years agoin reply to this

      Sorry for the duplication -- I was able to delete my post, but could not remove the blank.

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8. 59

   Judy Macposted 11 years ago

   1) Choose an insurance company rated well by A. M. Best
   2) Call your insurance commissioner to see if there are complaints about the company. Were they resolved? Homeowners and Rental Insurance and BOP (business owners policy) are pretty standardized.  An HO-2 should be identical to another HO-2, except for the State Amendory Endorsements (or, other endorsements, such as raising the amount of coverage for theft on your jewelry). These are usually located at the back of the policy. With Auto Insurance, make sure you are comparing apples-to-apples; that is, that you have the same level of coverage for uninsured motorists, for example, in all the quotes you're getting.
   Some well-known auto insurers will not pay a fair ACV for a totalled car.  They depend upon your reluctance to go through the appraisal process, and pay for an appraiser and maybe an umpire.

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   1. 59

      Judy Macposted 11 years agoin reply to this

      I just created a hub titled "Insurance Info You Should Always Carry With You. The URL is http://judymac.hubpages.com/hub/http_ju … y-with-you

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      sandy280posted 11 years agoin reply to this

      Thanks, Judy.  I figured I would have some insurance experts helping out with the details.  I do appreciate it.

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      Judy Macposted 11 years agoin reply to this

      I just filled a new hub with the first chapter of my (starting phase) book tentatively titled "Property Insurance for Thos to Whom It's a Mystery"  It goes into lots more depth on some of the subjects you mentioned.

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9. 0

   Larry Wallposted 11 years ago

   The most difficulty insurance to buy is health insurance. If you have a policy through your office, you may want to look at a supplement, if there are some gaps in the coverage.
   
   If you lose your job and group coverage at a later age like I did, you can get COBRA, which is your old insurance, for 16 months, but usually at your expense. If you do not have a job line up, take advantage of the COBRA option. If you go more than 63 days without credible coverage, you may not be able to buy individual insurance that will cover pre-existing conditions. If you get a job and a group policy, they they have to cover the pre-existing conditions.
   
   If you buy an individual or private policy, read every word in detail, or you could get caught short handed. Check with your doctors and hospitals to see if they accept the insurance. Do not depend on the company listings on the internet. They are often out-of-date.

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10. 83

    K9keystrokesposted 11 years ago

    Long-term care can wipe out even the largest of nest eggs! Find tips concerning long-term care insurance, great resources, the big name insurance companies worth hiring, and a few money saving ideas. read more

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11. 73

    sarovaiposted 11 years ago

    Insurance not by choice, it should be chosen based on your family or business requirement, and place of living, the part of your body, and so on. Even when you opt for insurance for children, choose the best policy, which can give benefits for their future and for their studies. Not only the Characters alone build up the family, even economic security is one of the foremost we should consider when we opt for Insurance the investment. read more

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12. 89

    Jared Zane Kessieposted 11 years ago

    If you are renting an apartment, or thinking of doing so in the near future, make sure that purchasing renters insurance is on your list of things to do. Find out why here! read more

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13. 0

    mjkearnposted 11 years ago

    Hi all,
    Yep, back again. Went a little mad last week so I will slow it down this week, just a little mind.
    I am easy to get rid of, just pick anything not related to vehicles and I'm gone or just say, "Yo MJ, go away". My partner has taught me well and she deserves more than medals.
    
    Absolutely loved Shuck72's hub, a must read for all. Still falling over meself and I've watched the video six times now. Neons, BMW's and Trees, great combination. Well what can I say, I'm a Jaguar fan.
    
    Oops already published hubs, forgot this bit, ah well,
    MJ.

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14. 63

    teyeger82posted 11 years ago

    The Commercial General Liability Policy provides a foundation for any organization's liability insurance program. read more

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15. 75

    Julie DeNeenposted 11 years ago

    I've learned that the squeaky wheel gets the grease. In the last several weeks, I've had to deal with an auto insurance claim we had due to a drunk driver totaling our car while it was parked in our driveway.
    
    If you are the victim in an accident and have to deal with someone else's insurance, you must know what exactly your rights are.
    
    A couple of tips that I've learned...
    
    1. Do not have an adjuster evaluate your vehicle without you present. Especially if your car has been towed to a body shop, it is far too easy for the adjuster and the mechanic to want to strike a mutual "good deal" between the two of them. If you are there, the risk of a conflict of interest disappears.
    
    2. Know the value of your vehicle prior to the crash. Understand that the benchmark for insurance agencies is that they want the repairs to be less than 80% of the value of the car. You'll notice fudging of the numbers if you've done the calculations ahead of time.
    
    3. If the adjuster comes back with a quote for repairs, do not be afraid to bring up the "resale" issue. Even if the car can be repaired, how is the insurance company going to account for the fact that you will have a much harder time reselling a car that has been in a major accident?
    
    4. Don't be afraid to get your own insurance company involved. You are entitled to have another adjuster come out to you and assess the damage.
    
    Be a squeaky wheel. Don't expect that everyone will do their job well and with integrity. If you are involved in the details, it is far less likely that you will be taken advantage of.

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       sandy280posted 11 years agoin reply to this

       Thanks, Julie.  I appreciate your advice!

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16. 92

    cclitgirlposted 11 years ago

    Do you pay too much for your auto insurance?  What about liability insurance?  I only carry liability insurance on my cars.  Read on to find out why. read more

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    castoriehandley93posted 10 years ago

    I was torn before between a life insurance, health insurance, or a long term care insurance. When I was told that long term care is basically treated as a health insurance, I took it instead. Mistake me not, life and health insurance are equally helpful but I don't want my entire savings for retirement be drained by my nursing needs. Though not cheap, I'd rather save for my retirement and travel the world with long term care insurance than waste my savings away in a nursing home unable to enjoy the money I worked so hard...
    http://castoriehandley93.hubpages.com/hub/LTCBasics

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