One of the most basic ways to plan for the future well being of your loved ones is to invest in an affordable life insurance policy. While most of us plan on living into ripe old age, reality is that not all of us will make it to our golden years. With that in mind, we want to make sure those closest to us are able to financially carry on should we suddenly no longer be with them.
Archive for December, 2006
Affordable Life Insurance
Thursday, December 21st, 2006Accident and Sickness Insurance
Thursday, December 21st, 2006Payment protection is designed to help pay your financial commitments in the case of sickness, accident and unemployment
few reasons why payment protection is important
- The level of State benefit has reduced for mortgages
- The prospect of redundancy during uncertain times. According to Government statistics, 755,000 people were made redundant in the UK between June 2002 and May 2003 – the equivalent of over 3,000 every working day. There were also, on average 1.5 million people claiming unemployment benefit during that time.
- People are borrowing more – people are relying on credit more than ever before. At the end of July 2004, almost £1,000 billion was outstanding on mortgages, loans and credit cards.
- Insufficient savings – nearly half of us do not save regularly and a third have no savings at all
- Accidents happen all the time. accidents could leave people unable to work for long periods of time.
AARP Homeowners Insurance
Thursday, December 21st, 2006The AARP Homeowners Insurance Program from The Hartford offers the following coverage subject to eligibility requirements that may vary from state to state:
- Homeowners
- Condominium
- Personal Property (if you rent a home or apartment)
- Rental Property
- Watercraft
- Scheduled Personal Property
- Earthquake
There are also programs to cover:
- Flood
- Home Business
- Jet Skis
Basic Coverage
The following coverage definitions should help you understand your Homeowners policy–but be sure to consult your insurance company representative to assure that you have the right coverage for you.
Dwelling Coverage/Coverage A: The dollar amount carried to cover your home and any structures attached directly to it. Ideally, the amount of coverage you carry should equal the cost of rebuilding your home after a total loss.
Other Structures/Coverage B: Covers other structures set apart from the dwelling on the residence premises such as a detached garage. This coverage applies up to the limits provided in your policy and can be increased if necessary.
Personal Property/Coverage C: This coverage provides worldwide coverage for personal property owned or used by the insured.
Loss of Use/Coverage D: This coverage is available when you cannot live in your home due to a covered loss. It pays living expenses which go over and above your normal living expenses up to the limit provided in your policy.
Liability/Coverage E: Liability coverage protects you in two ways. First, it provides for your legal defense against a liability claim–whether the claim is legitimate or not. Second, it will pay any court judgments against you up to the policy limit.
Medical Payments/Coverage F: This pays emergency medical bills for anyone injured on your property or any injury caused by a member of your family or a pet regardless of where it happens. All bills are paid, up to your policy limit, whether or not you’re legally responsible.
Homeowners policies have many other optional features available to you depending on your individual need. These include earthquake and scheduled personal property coverage.
For more information – http://www.aarp.org/aarp_benefits/offer_insurance/hartford_home_insurance.html
Free Auto Insurance Quote
Tuesday, December 5th, 2006One of the best auto insurance companies out there that focuses most of its marketing efforts and sales online is Progressive Auto Insurance. They are unique in that they not only will give you their rates, but also provide rates from competing companies. Many times they are the lowest, but on occasion other companies can beat their rates and they actually encourage you to use the other guy if they can’t match or beat the competition! Talk about customer service!