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[31 Mar 2006 | No Comment | 556 views]

The online insurance shoppers have some distinct advantages. They don’t need an appointment. They don’t need to be on the telephone. They just need to be prepared. If you are planning to shop online then you need to have some basic information at your disposal. The first time buyer needs to have some basic information. The best resource for that information would be an appraisal. The home appraisal has most of the information necessary to give you an adequate quote. The market value of the home along with the square footage are the two most important criteria used to determine the amount of insurance needed. The market value and age will dictate the type of policy to purchase. The renewal declarations page is a valuable source of information for the comparison shopper.
Actual Cash Value – Actual cash value is one way the insurance companies settle losses. This method will calculate …

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[31 Mar 2006 | No Comment | 540 views]

The homeowner insurance policy is divided into sections. Each section has benefits and features. The home policy is divided into two main parts. When you see the declarations page on a home policy then you will see its structure very clearly.
Section I – provides property coverage for the dwelling, other structures, personal property and additional living expense.
A. The Dwelling – provides coverage to the dwelling and the structures attached to the dwelling.
B. Other Structures – Provides coverage for other structures other than the dwelling that set a part from the dwelling.
C. Personal Property – provides personal property coverage for the insured anywhere in the world.
D. Additional Living Expense – provides additional living expenses to the insured if their dwelling becomes uninhabitable.
Section II – provides liability insurance and medical payments to third parties.
A. Personal Liability- provides coverage in the event a claim or law suit is brought against the insured for …

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[31 Mar 2006 | No Comment | 522 views]

The homeowner policy has so many benefits and features. The online shopper can get confused in all the details when trying to compare policies. There are some basic benefits and there are a variety supplemental benefits and riders. The rates are calculated based on two different methods of claim settlement. The homeowner needs to understand these two methods in order to select the appropriate policy.
Two Types of Claim Settlement
1. Actual Cash Value – This type of claim settlement uses depreciation when determining the amount paid after a loss. For example: If a property has a current replacement value of $100,000 and has depreciated by 30% due to age and use, the actual cash value of the property would be $70,000. Actual cash value policies are usually written on older homes that depreciate.
2. Replacement Cost – This type of claim settlement does not use depreciation. Replacement cost is defined as the …

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[31 Mar 2006 | No Comment | 540 views]

The homeowner policy is an automatic purchase for most families who own their own home. There are hundreds of insurance companies that sell homeowner insurance. Is one better than the other? That is a very difficult question to answer. There are a lot of good insurance companies. Insurance companies are regulated by state insurance departments. They always have to prove their strength to these departments in order to operate within the state. That eliminates a lot of problems for the consumer. You very rarely hear about an insurance company becoming insolvent.
The real issue in most cases is the kind of service that you prefer. Insurance companies have a variety of distribution systems. The agent based system has been around for a long time. If you want on-going professional service and like dealing with a person rather than by telephone then you should search for companies that have agents. The online …

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[31 Mar 2006 | No Comment | 528 views]

Homeowner insurance has a lot of different benefits and features but the actual coverage is divided into two policy sections. These sections protect you from the perils defined in the policy.
Section I
A – The Dwelling – The dwelling and attached structures
B – Other Structures – structures un-attached
C – Personal Property – contents of the dwelling
D – Loss of Use – additional living expense
The list of perils that a homeowner policy insures against are fire and lightning, windstorm or hail, explosion, riot and civil commotion, aircraft, vehicles, smoke, vandalism and malicious mischief, theft, falling objects, accidental discharge of water and steam, sudden and accidental tearing apart, freezing, and volcanic eruption.
Section II
E – Liability Coverage – Personal Liability provides coverage in the event a claim or lawsuit is brought against the insured because of bodily injury or property damage caused by an occurrence.
F – Medical Payments – medical payments provide coverage to …

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[31 Mar 2006 | No Comment | 547 views]

Homeowner insurance premiums are on the rise. There was a time when the home policy was the best and least expensive of all the property and casualty insurances. The homeowner policy is under attack. There are many more exposures than ever before. Toxic mold has caused some real problems in some areas of the country and caused the premiums to rise dramatically. Some states exclude coverage for toxic mold entirely. Natural disasters have had an affect on rates. The recent barrage of hurricanes has caused supply shortages and these shortages increase the demand and the price for repairs. These expenses are passed on to the policyholders eventually.
The rates are calculated by insurance company fiduciaries. They look at the cost of claims and the cost of doing business and compare it to the company revenue to come up with your rate. You have no control over how the companies derive their …

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[31 Mar 2006 | No Comment | 493 views]

The information that you receive when shopping for insurance online is only as good as the information that you input when you make your request. The homeowner insurance quote is relatively easy if you have the basic information needed to give you an accurate quote. The online quoting system will respond to your request very quickly once you input all the data. There are different types of homeowner policies for different types of homes. The residential home, the townhouse, and the condominium all require slightly different coverage. The age of the home also dictates the type of policy that you should purchase.
The online insurance calculators rely heavily on certain criteria when determining the actual rate. The actual square footage of your home is the starting point for most insurance companies. Square footage is used because home builders use it to estimate the cost to rebuild a house. You can find …

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[31 Mar 2006 | No Comment | 526 views]

Shopping online for insurance has sure made things easier for the consumer. The best thing about shopping online is the education that you gain as well as the benefit of rate comparison. The more knowledgeable you are about the product the easier it is to make intelligent comparisons. The home insurance quote is not that difficult if you start your shopping with some basic information. The insurance calculators that you will find online depend on your accuracy when entering the data needed to give you a quote. Homeowner insurance evaluation relies heavily on the square footage calculation of your home. This is your first order of duty when it comes to quote accuracy. You can find the square footage of your home on your original home plans or from a house appraisal. Once you know the square footage then you will need to add all the important upgrades that add …

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[31 Mar 2006 | No Comment | 598 views]

There are more discounts on car insurance than ever before. Some of the newer vehicles have many safety features that discount the overall premium. Sometimes the difference in a new car rate verses the old car rate is negligible. A higher rate on car insurance is often an indication that the claim frequency is high in the area that you live. This is completely out of your control. There are several ways to keep your rates to a minimum. The combination of policy discounts and self insuring are your two main weapons against higher rates.
Available Discounts
1. Vehicle Discounts – Air bag and seat belt discounts are available along with anti-lock brake discounts. There are also discounts for a key activated anti-theft device. Two vehicles on the policy will give you a multi-car discount.
2. Driver Discounts – There are safe driver discounts given by most companies based on driving record and …

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[31 Mar 2006 | No Comment | 325 views]

Are you trying to find the health insurance plan that is right for you but are just not sure what questions to ask to get the answers you need?
Focusing on the seven topics below might help you get a clearer picture of what to look for. What choices do I have when it comes to picking a doctor?
First of all, if you’ve already found the doctor of your dreams, make sure that the plan you choose will cover your visits (that he or she is part of the plan’s network of doctors). If you chose a new doctor consider researching his or her credentials and make sure that he or she is compatible with your needs as far as office hours, office location and general availability go.
Will I be able to be cared for by certain specialists?
If you currently use a specialist or think you might need one in the …