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Helpful Suggestions For Lowing Your Home Insurance Premium

Posted by on Apr 10, 2016 in Uncategorized | Comments Off on Helpful Suggestions For Lowing Your Home Insurance Premium

If you would like to spend a little less money on your home insurance premium, you will want to make use of the following advice. Add Storm Resistant Materials Many insurance companies find that a lot of the claims that come through their office are due to storm damages. While you cannot stop the storm from hitting your house, you can certainly help reduce the amount of damage that it does to it. To do this, you will want to consider adding storm resistant windows and shutters. This way, when a major storm hits, you will not have to be as worried about the windows breaking. You can also add storm resistant doors and roofing materials. By simply giving those parts of your home a little more strength, you are less likely to end up with a lot of expensive damage in the event of a major storm. Therefore, your insurance company may give you a discount on your yearly home insurance premium. Have A Home Security System Installed You may want to invest in a home security system that will alert you and the proper authorities in the event of a fire or break-in. When there is a security system that is linked to a company that can dispatch emergency personnel to your home, you are less likely to end up with as large of a loss. This means, you will not have to file as large of a claim with the insurance company and this saves them money. Therefore, the insurance company may offer their customers a discount when they have a quality security system installed in their home.  Keep The House In Great Shape A house that has some problems, especially with the siding and the roof can cause you to pay more for your home insurance premium. This is because it is more likely that the home will experience major problems due to rain and heavy windstorms. For example, if you have pieces of vinyl siding that are missing, water will get in behind the remaining pieces. This will saturate the materials beneath the vinyl and possibly cause a lot of problems with mold. Therefore, by simply replacing pieces of your siding as needed and keeping all of the shingles and flashing on your roof in good shape, you are bound to save more money in the long run. With those few suggestions in mind, you should find that it can be rather easy to save money on your home insurance premium. Contact a home insurance in Hamilton company for more...

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Getting Better Deals On Auto Insurance

Posted by on Dec 15, 2015 in Uncategorized | Comments Off on Getting Better Deals On Auto Insurance

The pricing for auto insurance in Canada can vary a lot, so it’s to you to look for the best deals possible. Here are some tips for searching out the best policy possible.  Use a Broker Wisely If you want to search for a number of auto insurance deals quickly, an insurance broker is often a go-to for pulling up the deals. However, note that an insurance broker may not have the full scoop on insurance rates from smaller companies outside of their coverage network. If you want to use a broker to get a general idea of how much you’ll be paying, don’t forget to search the smaller, local insurance companies yourself.  Attend a Good Driver Program A driver’s education program can save you money on your auto insurance in a few ways. Many auto insurance companies offer discounts on monthly premiums to those who have attended a driver’s training program. And by learning how to be safe on the road, you may be able to avoid accidents that could drive up your premiums.  Reducing Collision Coverage If you are driving an older vehicle, then you may not be as worried about the cosmetic value of the car. The value of the car may have already depreciated beyond repair, so a great collision repair coverage won’t do you much good beyond the aesthetic effects. Consider reducing the collision and auto body coverage to the minimum.  Increase Your Deductible Another way to quickly reduce your premiums is to raise the deductible on your car. You’ll place more responsibility on yourself to make repairs, but you’ll have more freedom to spend your money where you choose. The higher deductible plans can offer a significant discount.  Look for Loyalty Programs There’s not a whole lot of loyalty in the auto insurance world, and insurers are wising up to the fact that they need to do more to keep customers for the long haul. Some insurance companies will offer you loyalty discounts that decrease your rates as time goes on. Consider the benefits upfront when choosing between two plans; although one premium may start out higher, a loyalty discount might level the playing field within a year or two.  Getting a great deal on auto insurance in Canada is possible if you do your homework and stay vigilant about what you’re getting. By avoiding an out-of-the-box insurance plan and scouring for the best deals on your own, you may find a significant discount. Click here for more...

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3 Things To Consider Before Buying Individual Disability Insurance

Posted by on Sep 10, 2015 in Uncategorized | Comments Off on 3 Things To Consider Before Buying Individual Disability Insurance

You probably have insurance to protect your home, your car, and even your dependents should you pass away. But do you have insurance to protect your ability to work and generate income? Disability insurance is an effective way to protect yourself and your family should you ever be physically unable to work. If you become disabled, the insurance company pays you a monthly benefit to cover medical expenses and pay your bills. Disability insurance can sometimes be complicated if you’re not familiar with it. Here are three important factors to consider: “Own occupation” or “any occupation”? There are two general types of disability insurance. One is called “own occupation,” which means that to get benefits you only need to be disabled to the extent that you can’t perform your own job. The other type is “any occupation,” which means that you need to be so disabled that you can’t perform any job in order to get benefits. Own occupation insurance is generally more expensive than any occupation. However, it may be worth it. If you’re a surgeon with a specialized skill set, you likely want to get benefits if you can no longer perform surgery. With any occupation insurance, your insurance company wouldn’t pay you benefits if you’re physically able to work a different job. How much in benefits? Your insurance company will likely look at your tax returns or pay stubs to determine how much coverage they will offer. However, you don’t need to take the highest benefit possible. They higher your monthly benefit, the greater your monthly premium will be. Consider your income sources and expenses if you would become disabled. Would your spouse earn more money? Could you cut back on certain expenses? Think about how much you actually need and then get that amount. That will keep you from paying for more insurance than you need. To what age? One big factor in disability insurance is how long the company will pay benefits once you become disabled. You can get benefits paid for a certain number of years, until retirement, or even for the rest of your life. The longer the duration of benefits, the greater your premiums will be. You likely won’t need benefits after retirement because you may receive pension or other retirement benefits. Consider stopping your benefits at your retirement age or after a certain number of years. That will help you keep your premiums down and make sure that your benefits cover your most important earning years. For more information, talk to an insurance broker in your area. They can help you find the right disability policy for...

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Secure Your Property Through Information – Questions To Ask When Gathering Quotes For Homeowners Insurance

Posted by on Aug 7, 2015 in Uncategorized | Comments Off on Secure Your Property Through Information – Questions To Ask When Gathering Quotes For Homeowners Insurance

Owning your own home comes with a wide range of responsibilities, and perhaps chief among these is guaranteeing that you have adequate insurance coverage for any eventuality. Gathering quotes from a variety of sources for your homeowners insurance is a prudent step to take, but when you’re gathering dollar amounts, you should also be asking the right questions. Below, you’ll find a guide to some things you should be sure to ask insurance brokers as you gather quotes for your homeowners insurance policy. Having the answers to these questions will provide you with a full understanding of the options available to you, and will also help guarantee that you can develop a more accurate idea of the financial commitment you’re signing up for. Ask About Exclusions Perhaps every bit as important as learning what is covered under your policy is learning what is not covered. Many home insurance policies don’t provide coverage in extreme situations such as earthquakes, floods, and even acts of war. While the last of those items may not be a pressing concern, the first two can certainly be relevant if you live in area where those events are more common. Knowing ahead of time that you’re not covered in those situations will provide you with the opportunity to consider supplemental coverage that offers relief from those disasters. Ask About Umbrella Coverage As mentioned above, additional coverage is perhaps necessary to secure your full investment. Concerns over natural disasters as well as high value amounts of personal property can lead you to want to maximize your coverage, and an umbrella policy is a great way to achieve that security. In many cases, you can receive a discount on your umbrella coverage when it’s bundled with homeowners insurance. Most firms are willing to work with you to design a package that meets your specific coverage needs, and you shouldn’t be afraid to engage in a fair negotiation to find a rate that you think is acceptable. Ask About Discounts Home insurance exists to manage liability, and if you have features in your home that provide physical relief in that way, you may be eligible for a discounted policy. Security measures such as an alarm system, integrated fire alarms, carbon monoxide detectors, and other warning systems may substantially decrease the risk involved in home ownership, and that decrease may be reflected in your rate. Working with a broker, like those at Northgate Insurance Centre, to find a balance which allows you to minimize your liability is a great way to get the most from your insurance...

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Why Gap Coverage Is So Important For Brand New Cars

Posted by on Jul 9, 2015 in Uncategorized | Comments Off on Why Gap Coverage Is So Important For Brand New Cars

One of the first things you must do after purchasing a brand new car is call your insurance company to get insurance coverage on it. Your insurance agent may recommend purchasing additional car insurance coverage known as gap insurance. Gap insurance is not required by law; however, it can be highly beneficial for new car owners. What is gap insurance? Buying a brand new car is exciting because everything is new, but brand new cars also lose value very quickly. In fact, as soon as you drive out of the car lot after making the purchase, your car will lose at least 9% of its value. This means that if you purchased the car for $15,000, once you leave the lot, your car is only worth $13,650. That’s a big loss for simply pulling away, but it’s also very normal. Gap insurance is coverage that is designed to protect against the difference in the amount you owe on the car and its current market value. Gap insurance is only needed after a collision takes place that leaves your car totaled. How does gap insurance work? If you leave the car lot and end up totaling your car in an accident while you are driving home, you could end up in a bad financial position. Your car insurance company would pay the current market value of the car, but you might owe more money than this. Consider the example from above. If you wrecked your car right after buying it, your insurance company may only pay $13,560 for the car. If you borrowed 100% of the car’s purchase price, you might still owe around $1,500 on the vehicle. The problem is that you will no longer have the vehicle because it is wrecked, but you will still owe the money. When you have gap insurance, you will never have to worry about this problem. Gap insurance will provide full coverage on the vehicle, which includes the difference in the amount you owe and the value of the car. In this example, your insurance company would pay the full balance of your loan, and you would not have any type of deficit to worry about. You can get gap coverage with any auto insurance policy, but it is especially helpful to have for brand new cars. If you would like to learn more about gap coverage, contact a car insurance company near...

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5 Questions To Ask When Shopping For Insurance

Posted by on Jun 10, 2015 in Uncategorized | Comments Off on 5 Questions To Ask When Shopping For Insurance

Home and auto insurance are two essential types of insurance that you need to carry. You can save money on these policies by shopping for a new one every few years. An insurance broker can help you find the best policy available for you by comparing results from several different companies (such as D A Kurt Insurance Broker Ltd automobile insurance). Here are five questions to ask as you look for your new home and auto insurance policy. How Much Coverage Do I Have? Insurance is a protection against disaster. Not only do you need coverage to replace the damaged property, but you need to think about the protection the insurance provides if you are responsible for an accident or someone is hurt on your property. Ask your insurance agent what the maximum coverage is and how the insurance agency will handle it if you are taken to court because of an accident. What Is Covered? This is especially important when you are trying to compare policies from different companies. Some policies may have a limit on the amount they will pay to replace electronics. Some insurance policies will exclude certain natural disasters such as floods or earthquakes from the policy. Some auto insurance will not pay for a replacement vehicle depending on the type of insurance that you buy. You can purchase insurance riders to increase coverage on certain items, but you need to make sure you need them first. Can I Afford the Deductible? One of the easiest ways to lower your monthly premium is to increase the deductible amount for your insurance.  However, fi the deductible amount is too high you may not use your insurance at all or be able to have your car repaired after an accident. Make sure that the amount is one that you can afford or save up money and set it aside to use when you need to pay for your deductible. What Discounts Are Available? It is important to ask for specific discounts that you may be able to receive. For example, you can get a discount for purchasing both policies from the same company. Many professional organizations, businesses and alumni associations offer discounts for members or employees. Check to see if you qualify for them. You may also be able to stack the discounts to save even more on your policy. CNN also suggests that you may qualify for a discount for volunteering in a community organization. Check with your agent to see if you qualify for this discount. What Are My Payment Options? Generally the insurance will offer several payment options with a payment plan or the option to pay the entire amount up front. You can save money by paying once a year, but if you do not have that available, it may be easier to budget in the monthly payment...

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How Can You Lower Your Homeowners Insurance Costs?

Posted by on May 8, 2015 in Uncategorized | 0 comments

Whether you’ve recently taken a pay cut and are trying to reduce expenses or are just trying to save money for a big trip or upcoming expenditure, you may be interested in ways to help bring down your homeowners insurance premium. Although you may be tempted to reduce the dollar amount of coverage on your home, this can often be a penny-wise but pound-foolish move, leaving you without coverage at a time you need it most. However, there are several tried-and-true ways to reduce your home insurance premiums without impacting your daily life or risking your finances. Raise your deductibles If you’ve got a decent amount of money in liquid savings, you may want to look into the cost savings of raising your homeowners insurance deductible by a (few) thousand dollars. Because most homeowners insurance premiums will increase immediately after filing a claim, you may not want a low deductible anyway. If your deductible is only $500, for example, the temptation to file a claim on a few thousand dollars in damage may be too great, and you could find yourself facing higher premiums for years. Meanwhile, high deductibles can save you money each month while helping you keep your resolve to reserve this insurance for only extreme damage or disaster. Invest in a home security system Because many homeowners insurance claims are made following a burglary or robbery, most insurance companies will offer a substantial premium discount if you can show that you’ve installed (and that you keep armed) a home security system. Because this significantly reduces the odds that you’ll suffer damage or theft while away from the home, it is less risky for your insurer to carry coverage, and a fair proportion of these savings are passed along to you. In many cases, the installation of a home security system can pay for itself in reduced premiums within a fairly short time after installation. Combining policies The days of ultra-specialized insurance companies is largely gone, and most companies can now write home, auto, and sometimes even life and health coverage, all in one place. This means that bundling your policies with a single carrier, rather than keeping them spread out at two or more carriers, may be cost efficient and render you eligible for additional discounts. When your insurer has information on both your vehicle and homeowners insurance history, it is also more accurately able to assess the risk that you’ll file future claims, and can lower your premium...

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4 Ways To Reduce Your Car Insurance Premiums

Posted by on Apr 6, 2015 in Uncategorized | 0 comments

Knowing how to reduce your car insurance premiums is really important to help ensure that you are working to save as much money per month on car insurance expenses. Here are four ways that you can reduce your premiums: Let Your Car Insurance Company Know How Much you Drive: It is important that you are honest with your car insurance company about how much you drive your car yearly. This is because most car insurance companies will reduce premiums for those customers who drive less than 7500 miles per year. You can even be sure that you are driving less than this by taking public transportation more often and even carpooling to work.  Check Discounts Yearly: It is important that you look over all the discounts that your car insurance company provides every year. These discounts can change, so it is important that you ensure you are taking advantage of all the ones that apply to you. The number of discounts that can be applied to you can also change. For example, if you buy a new car that has airbags, then your car insurance will provide an extra safety discount, most likely. You need to be sure that you are checking and ensuring that your car insurance company marks you down for these discounts because they won’t do it for you.  Increase Your Deductible: Whenever you feel that you can, you should increase your deductibles on your car insurance. This is going to help reduce your premiums. So if you receive a higher paying job or a promotion, then you are probably going to be able to afford more out of pocket in the case of a car accident, so increasing your deductible is something that you should definitely consider.  Don’t Stick to One Company: Sticking with one car insurance company forever does have the benefit of loyalty discounts in some cases. However, typically you will save more if you switch to a different company that will provide you with a much lower rate before you renew your policy with the same company. So be sure that before you renew, you are being sure that your car insurance company is truly providing the best rates possible. Sometimes, your current car insurance will even reduce your premium to match quotes you have received from another to ensure that they do not lose you as a customer. By knowing in what ways you can reduce your premiums on your car insurance, you can be sure that your overall car costs each year are reduced significantly. Talk to experts like Cambridge Insurance Brokers (Preston) Ltd for more...

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Keeping Your Business Marketable To New Employees

Posted by on Mar 10, 2015 in Uncategorized | 0 comments

Running a business in today’s world can be tricky. In order to take the lead in a competitive environment, it is crucial that you attract and maintain hard working and productive employees. For that reason, you will need to assure that your business is marketable to any potential employees. Consider the following factors when developing a strategy for keepings your business competitive in the marketplace. Creating a Happy Environment Keeping your employees happy can serve to make them more productive. A more productive staff means a larger profit margin for you. Get to know your employees and learn what makes them tick.  Consider integrating friendly competitions, potlucks, and social gatherings as a consistent part of the culture of your workplace.  Work should be a place to which your employees look forward to going.  Make it a priority to foster a happy environment and your staff soon will look forward to Monday morning with excitement and anticipation rather than dread. Salary Even if you can manage to create a perfect working environment, your employees will begin looking for work elsewhere if the price is not right.  For you to attract the ideal employee, it is essential that our pay-scale be comparable to similar agencies in your area.  Research your competitors. Use online resources such as to determine average pay for employees in your field.  Learn the average starting pay rates and adjust yours to be similar.   Benefits If you are unable to hang with your competitors regarding pay, consider upping your benefits package.  The appeal of a slim salary can be boasted with an appropriate benefits package.  For example, group insurance can serve to be incredibly appealing to many families.  Group benefits, including health, dental, life and vision insurance typically offer lower rates than purchasing insurance through the open market.  Additionally, they are often less discriminating towards an employees previous medical conditions.  For many families, group benefits is a must.   In addition to group insurance, consider offering employees stock options or equity in your business. This might serve to motivate them and increase productivity.  Even something as simple as increasing vacation days with each passing year might be enough incentive to keep your employees around. For more information, contact a business such as Booth Scott Ltd. Striking the right balance when it comes to creating the ideal work  environment can be difficult to achieve. However, creating a happy work environment with competitive pay and an appealing benefits package will help you to draw in the right...

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When Is Your Relationship With Your Car Insurance Broker Broken?

Posted by on Feb 13, 2015 in Uncategorized | 0 comments

If you’ve been with the same car insurance brokers for a long time, you may occasionally feel the urge to look into making a change. However, even though you could have a lot to gain by making a change, you may feel reluctant to look for a new broker. “Don’t fix what isn’t totally broken,” you may say. But have you thought about whether your relationship with your broker is truly broken or not? Consider the following signs that it’s time to consider new car insurance brokers. When The Price Isn’t Right Have you been paying the same car insurance prices for years? Maybe you’re wondering if the price is no longer right! Insurance prices go up and down frequently, just like all other things. You may have missed out on a big drop in rates if you haven’t looked into it lately. Ask yourself the following questions: Are you free of major claims or accidents in the last several years? Do all your friends seem to have lower car insurance rates than you do? Have you always paid your policy on time? If you can answer “yes” to at least a couple of these questions, the price on your current policy might be too high, and you may be entitled to a significant discount. If your broker hasn’t told you that you could qualify for cheaper rates, they may not be too concerned about helping you save money. It could be time to call around and ask some other local car insurance brokers what type of price they can offer on a policy similar to your current one. When Reaching Out Makes You See Red Does trying to get in touch with your car insurance agent always tend to be a frustrating experience? Having an insurance broker that you can truly trust to be there when you need them is important. If your broker is too busy to talk to you, they probably aren’t worth giving your business to. While it might be mildly irritating to be unable to get in touch with your insurance broker when you have minor questions, think of how upsetting it is when you have been in a car accident and you can’t get in touch. You need an insurance broker who will be there for you in times of calm and in times of stress. The broker’s behavior when you try to contact them for minor things may well be an indicator of how they’ll handle phone calls about major things like claims in the future. If you are ready to consider a new car insurance broker, allow yourself plenty of options. Contact several different local brokers like Keller & Associates Insurance Brokers Inc to get policy quotes. Be sure to specify exactly what type of coverage that you currently have when you’re shopping policies so you can get an even comparison, and then enjoy your new...

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