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  • 1. Where can I buy auto insurance? Views: 51
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    Terms of Use You can buy insurance through an insurance agent that represents one or more companies or directly through the insurance companies that sell policies using their own employees. Buying directly will generally not save you any money. When looking for an insurance agent or company, consult your state insurance department , the yellow pages of your phone book, and most importantly friends and relatives to find out who they have their insurance through and their level of satisfaction. S  More...
  • 2. Quick cost cutting: Reduce your auto insurance premiums on older cars Views: 41
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    Terms of Use While most every state requires that you buy a minimum amount of liability coverage, consider what you are paying for additional collision and comprehensive coverage, especially when you're driving an older vehicle. With most policies, your coverage reflects the market value of your car and the cost of repairing it. You may want to consider a liability-only policy, which can reduce your insurance costs by 50 percent or more, according to the National Association of Insurance   More...
  • 3. Saving money on health care Views: 41
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    Terms of Use It's estimated that each year on average Americans spend roughly $8,000 per person on health care. Without putting your health on the line, it's good to know where you can reduce medical costs: 1. Generic drugs: Always ask whether the prescription drug your doctor recommends is available in a generic form. Generic drugs can cost 15-50 percent less than name brands, saving you and your insurance company money. 2. Avoid unnecessary tests and visits . If you move or cha  More...
  • 4. What are health savings accounts? Views: 38
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    Terms of Use: A Health Savings Account is an alternative to traditional health insurance; it is a savings product that offers a different way for consumers to pay for their health care. HSAs enable you to pay for current health expenses and save for future qualified medical and retiree health expenses on a tax-free basis. You must be covered by a High Deductible Health Plan (HDHP) to be able to take advantage of HSAs. An HDHP generally costs less than what traditional health care coverage co  More...
  • 5. What is generally covered and what is not with a standard homeowners insurance policy? Views: 32
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    Terms of Use: Below we have identified what is generally covered by a standard homeowners policy, but you need to talk to your insurance agent to understand specifically what your policy covers and up to what amount. What's generally covered: Damage to both structures and personal property caused by: fire lightning windstorm (including hurricanes and tornadoes) or hail explosions riot or civil commotion aircraft and vehicles smoke theft or vandalism falling objects weight of ice, snow or sle  More...
  • 6. What things can I do to reduce my auto insurance costs? Views: 30
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    Terms of Use You may not realize it, but the insurance rates you pay for your car can vary dramatically depending on the insurance company, agent or broker you choose, the coverages you request and the kind of car you drive. Listed below are a number of things you can do right now to lower your insurance costs. 1. COMPARISON SHOP . Prices for the same coverage can vary by hundreds of dollars, so it pays to shop around. Ask your friends, check the yellow pages or call your state insurance   More...
  • 7. Auto Insurance: To file a claim or not? Views: 30
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    Terms of Use We've all heard that filing a car insurance claim can boost your premiums. So what should you do the next time your fender gets bent? Although it hardly seems fair given the out-of-pocket costs you've incurred paying your car insurance premiums, it may just be in your best interest to pay out-of-pocket for any small damages to your vehicle, rather than submitting a claim to your insurance agency. There is no one best answer to the question of whether to file a claim. The  More...
  • 8. What things should I consider when buying auto insurance? Views: 30
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    Terms of Use There are five main considerations you need to take into account when picking an auto insurance company. Insurer financial stability Make sure that the company you buy from is financially stable so you know they will be around to pay any claims. The following companies rate insurance company strength: A.M. Best Company, Inc. Ambest Rd. Oldwick, NJ 08858 908-439-2200 http://www.ambest.com Moody’s Investor Services 99 Church Street New York, NY 10007 212-553-0300 http://ww  More...
  • 9. What is the difference between replacement value and cash value? Views: 30
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    Terms of Use: It is generally a good idea to have your homeowners insurance cover the replacement value of your home rather than the cash value. Why? Because a policy that pays based on the cash value of your home and property will generally not provide you with enough cash to allow you to replace whatever was damaged, while a policy that is based on replacement value will. An upgrade from actual cash value to replacement coverage typically raises your premium 10 to 15 percent. Replaceme  More...
  • 10. Can I legally drive without auto insurance? Views: 30
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    Terms of Use: NO! Almost every state requires you to have auto liability insurance. All states also have financial responsibility laws. This means that even in a state that does not require liability insurance, you need to have sufficient assets to pay claims if you cause an accident. If you don’t have enough assets, you must purchase at least the state minimum amount of insurance. Trying to see how little you can get by with can be very shortsighted and dangerous.
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