As evidence of how important insurance has become to the rhythm of modern life, the insurance sector in the United States alone wrote over $1.4 trillion in premiums in 2021. But how can you tell which policies are actually necessary when there are so many of them? Let us dissect it. Every day, these six …
What gives, then? Let us dissect it using straightforward language and practical solutions. What Role Does Credit Play in Insurance? A credit-based insurance score is a tool used by insurance companies to estimate your likelihood of making a claim. Although it is not quite the same, it is rather similar to your FICO credit score. …
You are not the only person who has nodded your head during an insurance conversation while surreptitiously searching Google for the definition of “premium.” This site is for you, the actual people who do not require a translator and only want to save their belongings, their health, or their loved ones. Here are ten of …
The truth is, though, that one of your most effective financial weapons is knowing your insurance coverage. Knowing what is and is not covered by your insurance, whether it be for your house, vehicle, health, or life, might save you thousands of dollars and hours of aggravation in the event that something goes wrong. Without …
Let us examine the direction the industry is taking and what it means for you. The Disruption of Life Insurance by Digital Established insurers and insurtech startups have been vying to digitize their customer journeys in recent years. Why? because consumers of today want convenience, speed, and transparency. Artificial intelligence (AI), machine learning, and automated …
Nobody ever warns you that even after the house fire is extinguished, your life will still seem like it is on fire. Quietly, slowly. Because losing your house means losing more than just a roof and walls; it means losing the commonplace items you never realized you would miss until they are gone. Since I …
To help you make the best decision for your house and your peace of mind, we have broken down home insurance vs. home warranty in simple terms in this piece. To begin, let us define home insurance. The purpose of home insurance, sometimes referred to as homeowners insurance, is to shield you against unforeseen circumstances, …
The problem is that the building itself is not covered by your landlord’s insurance; just the building is. Unless you have renter’s insurance, you are on your own. And here’s the thing: a monthly takeout order is roughly equal to the cost of renter’s insurance. $10 to $20, depending on your coverage and region. Yes, …
Take a deep breath. It need not be a catastrophe. You can get through it with your sanity intact if you follow the correct procedures and prepare a little. This article explains how to submit an insurance claim without feeling like you have aged five years. Step 1: Take pictures and document everything. Keep a …
However, how do they generate that revenue? You might be surprised to learn how many layers it has. Additionally, understanding how it operates can make you a wiser policyholder, help you steer clear of expensive blunders, and possibly even save some money. The Fundamentals: What Do You Actually Get for Your Money? Whether you purchase …