Understanding Insurance Terminology

Understanding Insurance Terminology

  • Buying Insurance Coverage for Your Moped or Scooter

    Mopeds and scooters can be popular options for commuting in urban and suburban areas. As with other motor vehicles, it is important to effectively insure these vehicles. Myth: Insurance Is Not Important For Small Mopeds and Scooters A common notion about moped insurance is that it is not particularly important due to the smaller size of the vehicles. However, a moped can still travel fast enough to cause significant injuries and property damage.

  • Do You Have Original Medicare? Two Reasons To Get An Advantage Plan

    If you are approaching age 65 or have already reached it, you likely spend time thinking about Medicare. Original Medicare is essentially a fee-for-service insurance program that is sponsored by the federal government. While Medicare does take care of some medical services you receive, it typically doesn't cover everything. It's up to you to provide for the rest and when you are working with a limited income it may be hard to produce the funds.

  • Car Insurance Agent Versus Car Insurance Broker—Which Is Best For You?

    When shopping for car insurance, you may need the help of an insurance agent or broker to make the best choice. The terms car insurance agent and insurance broker seem like the same thing, but they are very different. Here is a look at the differences between the two to help you choose the one suited for your situation. What Does an Insurance Agent Do? An agent sells insurance from one company.

  • Six Things To Consider When You Update Your Commercial Truck Insurance Policy

    It's important to periodically update your commercial truck insurance policy. Your commercial trucking operation will change over time. Your insurance policy should change along with it to best protect your company's finances. The following are six things that you should look at when you update your commercial truck insurance policy.  Changes in the size of your commercial trucking operation Over time, your operation may grow so that you're taking on more jobs and employing more people.

  • Health Insurance: Benefits Of Taking Out A Policy For You And Your Family

    With the onset of the COVID-19 pandemic, populations across the globe became more aware of the devastating consequences that the virus bears after an infection. The cost of medical bills for most patients would skyrocket, leaving families in debt. Footing for medical bills out of pocket can add up quickly. Health insurance becomes an easy and cheap option to embrace. With a health insurance policy, you don't have to worry about paying for lump sum medical bills after an accident.

About Me

Understanding Insurance Terminology

After we purchased our first home, we realized that it might be a good idea to evaluate our insurance coverage. Although we had purchased homeowners insurance before, we had never owned a policy as large as the one we would need for our new place. Also, our new home had a trampoline and a swimming pool, which made us worried about liability. To iron out the details, I decided to meet with our insurance agent. We talked about things like monthly premiums, coverage limits, and deductibles, and it was incredible to learn more about the terminology. This blog is designed to help you with the same types of questions.

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