Tag-Archive for ◊ Insurance ◊

Are you covered? Make sure you and your family have the best insurance plan to cover your needs.

Tuesday, July 20th, 2010

Homeowners Insurance

Most likely your highest valuable asset is your home so it should be first priority to insure its safety. Make sure you have maximum coverage on your home. Go to several agents to see what you would get for maximum replacement coverage for the area you live in. If you can afford a higher deductible that is a great way to lower your monthly payment. Even if you end up staying with the company you currently have, it is important to have an updated inventory of your collectibles, home and office equipment and additional furniture sets you may have acquired since you last notified your insurance company.

Car Insurance

Just because you have been with your insurance company for a prolonged period of time does not necessarily mean you’re getting the best deal out there. Most insurance companies will provide you with a free quote so take advantage of that and see who can get you the best deal. Some insurance companies will not even charge you a set-up fee or down payment to start. You should also be able to set the date of your new insurance policy so it begins when your current insurance ends so there will be no lapse and you will not be paying for  two insurance policies at the same time. Also be aware of the car you’re driving, would you say it’s old enough that if totaled wouldn’t result in a financial burden? If so, you may want to drop collision coverage and/or boost your deductible. Save the extra money you’re saving in insurance for a new car in case your current car is totaled.

Disability Insurance

If you get disability coverage through work you may need separate coverage due to policy restrictions or inadequate coverage for missing a considerable amount of time from work.  Disability Insurance is used to replace anywhere from 45-60% of your gross income on a tax-free basis should a sickness or illness prevent you from earning an income in your occupation where you can’t perform your regular work. Disability insurance not only covers an injury, illness or sickness but being pregnant is also covered under this insurance so know your rights and make sure you’re being covered. Visit your state employment development department page for more information on what your employer should be covering or visit http://www.dol.gov/dol/topic/benefits-other/disabilityins.htm for general info from the government. For government  information on people with disabilities please visit  http://www.ssa.gov/disability/index.htm

Health Insurance

If you do not fully understand all of your deductibles and co-pays it’s time to get familiar. Does your current health insurance plan provide for out-of-network care? If not, this could mean you paying a high emergency visit bill had you utilized an emergency facility at which you were not cov­ered. What about your prescription coverage, what kind of discounts are you receiving? To make sure you’re getting the best out of your benefits and to know your rights visit: http://www.dol.gov/ebsa/publications/10working4you.html  to read this helpful article from the state, “10-Ways to Make Your Health Benefits Work for You.”

Life Insurance

I know this isn’t something anyone wants to think about but it is a fact of life so it is important to protect your children and your spouse. There are a variety of life insurance companies out there, be sure to pick one that is well established. You may also want to look at your existing insurance company because many are offering a variety of insurance plans and will sometimes get you a better deal if they are written together. You should be able to choose an inexpensive basic coverage plan along with a more detailed plan at a higher price. See what your options are and make sure your family will be taken care of.

Contact Debt Burst today to find out about the reasonable insurance plans we can offer you through our parnters. Reach us at 800.656.6204 or http://www.debtburst.com

Author: Janeane