We Hate Insurance

 That's how they reel you in, with taglines that say they have the cheapest insurance and tell you how much you could save if you switch.  There's no doubt that saving money is an important thing and some of the companies that say they can save you money, really can. But you don't always want the cheapest, in fact there is a long list of things that most people would find important enough to make sure they are paying for quality and wont mind a higher price tag.  Below is a short list of things you might not want to go cheap on. Parachute packing, Bullet proof vests Brake job Scuba tank Fencing at Jurassic World Okay, so some of those were funny but the point is if it's really important you will pay whatever it takes to make sure it's done right. For me clothes are good to have but if I can get them cheaper I don't really care what they look like, but some of you will pay a lot of money for the right set of shoes or the really cool jacket. Is insurance in that c...

The roof of your house protects your family and belongings from the rain, wind, hail, and more, so, it has to stand up to quite a lot of punishment! So is your homeowner policy going to replace it?  Replacement Cost vs. ACV (Actual Cash Value)  So when you took at your declarations page for your homeowners policy and see that you have $250,000 in coverage for your home, you assume that will be enough to replace the roof after the next hail storm.   But when it comes to the actual coverage that will be provided when a claim is filed, it is important to understand that all policies do not cover your property the same. Below are two types of coverage to be aware of and to look for on your declarations.   Actual Cash Value : Actual Cash Value coverage is a way of covering your roof that limits the amount that you will be paid in the event of a claim. Basically, the insurance company will account for the depreciation on the current roof, and they will deduct this fro...

If you own valuable jewelry, an iPhone, valuable guns, or other items that have a high value, you should consider protecting it with an inland marine insurance policy. Inland marine insurance can supplement your existing insurance policies and provide added coverage for your prized possessions.  What Is Inland Marine Insurance?  The term “inland marine insurance” came from marine insurance, which insured property that was transported over the water. Inland marine insurance then came about to protect property as it was transported across land. Today, inland marine insurance may cover several types of movable property, and it may supplement existing insurance policies. Although a standard homeowners insurance policy may provide some protection for jewelry, it may not offer all the coverage you need. The disadvantages of using your homeowners policy to cover your movable property include:  Since jewelry and other items are easily misplaced or stolen, a standard homeowners po...

Selecting good auto insurance is important. You can choose from companies which have local or non local agents that you talk to on the phone. The services of the local agent may be important when you buy the policy or at the time of loss, when you have a claim.  Car insurance protects you from paying for another driver’s injuries and repairs by yourself if you cause a collision. Some types of insurance also pay for damage to your own vehicle, and still other coverages can pay for your medical bills. Without auto insurance one accident could cost you all your life savings if you injury someone. Not to mention it is required by law to have auto insurance to drive a vehicle, yet in some states a full quarter of all drivers are uninsured.  The bottom-line is not only is auto insurance mandatory it is and important part of a responsible risk management program. So, if your agent or the insurance company wants to write you  the lowest limits possible and is giving you lower rat...