Insurance Tips

There are some good tools out there for checking rates of different types of insurance so you know you are not getting ripped off.

• Try www.naic.org for home owner’s insurance rates by state.
• Try www.accuquote.com for term life insurance (Word to the wise: Whole Life Insurance is almost never the way to go with life insurance–stick with Term Life Insurance)

When considering home owner’s insurance there are many variables to consider:

• The age of your home
• Flooding
• Natural Disasters
• Changes in your life since your bought your home (e.g. kids, widowed, etc.)
• Cost to completely rebuild
• Add-ons
• Your valuables inside the home

These are important factors to consider when discussing what type of home owner’s insurance to get and what coverage.

Written by mike on June 9th, 2006 with no comments.
Read more articles on Insurance.

Home/Renters Insurance

Yes, if you rent an apartment you need insurance because the contents of your apartment will not be insured otherwise. So you need to make sure that you have renter’s insurance if you have possessions that have significant worth to you.

Obviously, if you own a home you need to have home owner’s insurance and make sure it includes replacement-cost coverage, not default coverage which is called actual cash value. It will cost you approximately 10% more for replacement-cost coverage, but in the end it is worth it.

Written by mike on May 29th, 2006 with 1 comment.
Read more articles on Household and Insurance and Real Estate and Uncategorized.

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