An insurance lapse is when you allow your auto insurance coverage to expire or you avoid payments, thus guaranteeing that your car insurance company will cancel your policy. The lapse describes the amount of time that you are without coverage. This should be avoided at all costs, and here are four major reasons why: Auto Insurance Is Required by Law: If you are caught driving without auto insurance coverage, then you can be severely penalized.
4 June 2015
Whether or not you have homeowners insurance, you don't want a disaster to befall your house. However, as an insured homeowner, your hope is that you will be compensated fast when your house experiences damage. Unfortunately, the claim process may not always occur as fast as you may wish. Here are a few tips you can use to speed up the process: File a Claim As Soon As Possible
18 May 2015
Are you shopping for a new home? If so, the cost of the home you are interested in isn't the only expense you need to include in your purchase making decision. You will also need to include the cost of your home's repair and remodeling expenses, as well. It goes without saying that you are going to need to buy a home insurance policy for your new home. However, if you buy a home that your insurance company isn't too comfortable with, then you could be paying much more for your home.
28 April 2015
If your homeowners premium is a little higher than you would like, one way to bring it down is by increasing the safety features in your home. All those questions your agent asked you about your home when you signed up for your premium has a purpose. They were trying to determine the value of your home and the likelihood that you would file a claim. One factor your insurance company takes into consideration is how safe your house is.
14 April 2015
Your homeowners' insurance coverage shouldn't be constant. You need to evaluate it periodically, with a specialist from a place like East Tennessee Mutual Insurance, and determine whether it's adequate or not. For example, it makes sense to boost your coverage: After Remodeling Any improvement, remodeling or upgrades you make increases your property's value. This means subsequent damages would cost more to replace than they would have cost before the upgrades. Therefore, you need to increase your coverage to reflect the improvements.
31 March 2015
When purchasing a home insurance policy, it's vital that you understand what's covered on a standard policy and what's not. It's easy enough to learn this, but many fail to take the time to do so, which can lead to frustration and increased costs down the line. Read on to learn about three common things not covered by standard policies and how to deal with them in the event that they do occur.
13 March 2015
If you are like most people, you are already paying for several different insurance policies. For instance, you probably carry separate policies for auto, home, and life insurance coverage. While these insurance policies are a necessity for most people, the cost of keeping up with the premiums each month can also be a great source of stress for many people. If you are one of these people who struggle to pay their monthly premiums, you should know that there is a light at the end of the proverbial tunnel.
26 February 2015
Homeowners insurance plays a vital part in protecting one of the largest investments you will ever make. Unfortunately, the cost of this insurance can also put quite a strain on your budget. The good news is, if you are currently struggling to keep up with your insurance payments, you can take steps to help lower these costs. In fact, the tips outlined below will help you to start saving money on your home insurance today:
9 February 2015
If you recently bought a new vehicle, that vehicle may be what causes your car insurance to go up or down. There are many factors that determine the cost of car insurance, with vehicle factors being a big part of it. Everything from what you drive to how often you drive can change the premium of your insurance. Here are some of the common vehicle-related factors that will affect the cost of your car insurance.
23 January 2015
If you're buying a brand new car for the first time, you might think that once you drive off the lot that you'll have money issues if you should total it. The truth is you may be able to offset the costs of such an accident with gap insurance. Most service agreement plans and insurance companies offer gap insurance. This guide explains what gap insurance is and how to get it:
9 January 2015