Understanding Insurance Terminology

Understanding Insurance Terminology

  • Typical Conditions For Multi-Car Insurance Discount

    Most auto insurance companies will give you a discount if you insure more than one car under one policy. As you would expect, however, you have to meet certain conditions to enjoy the discount. Below are some of these conditions. Number of Vehicles Although the discount requires you to insure more than one vehicle with the insurer, many insurance companies place a limit on the number of vehicles you can have on the same policy.

  • Tips To Save Cash On Auto Insurance Coverage When You Have A Teenager

    If you have a teenager who is about to get their driver's license, he or she is likely very excited about the road ahead, and you're probably excited for them. But, if you're like most parents, you are also concerned about your kid staying safe on the road and probably wondering what kind of financial hit adding a teen to your auto insurance policy is going to bring. Here are some tips that might help you save some money on your auto insurance coverage once your teen child comes aboard.

  • 3 Ways Umbrella Auto Insurance Improves Your Car Insurance's Coverage

    Many insurance companies offer umbrella insurance as an add-on for your normal auto insurance coverage. These packages aren't just another expense to dismiss out of hand. Umbrellas insurance offers many benefits. Here are just a few of the ways these add-ons can improve your auto insurance coverage. 1. Umbrella Auto Insurance Covers What Your Regular Insurance Doesn't Umbrella insurance packages can have variations between insurance companies. However, the core function of umbrella auto insurance is to increase the limits of your liability coverage.

  • Five Ways You May Qualify For A Discount On Your Homeowners Insurance Policy

    It is not uncommon for homeowners to pay premiums on their houses without realizing that there are discounts available. You may qualify for some of these discounts right now. The following are only a few ways you may be able to reduce your insurance premiums. Your marital or family status has changed If you were single when you purchased your home but now are married, most insurance companies will give you a discount.

  • Easy Ways To Save Money On Car Insurance

    One of the most expensive parts of owning a car can be paying your car insurance. In some places, it is not uncommon for your monthly car insurance payments to be equal to a car loan payment. With such steep insurance prices, it helps to  know how to reduce your car insurance premium to a reasonable rate. #1 Pay All At Once Your car insurance premium is renewed every six months.

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.