Search Results for: blog your credit score and how it relates to insurance 1

What to Know About the Rental Car Agreement and Insurance.

Insurance is state regulated, the type of coverage and the premium cost will vary from one state to another. Rental car customers usually have choices of what added insurance they may need to purchase in order to cover a rented auto. Before you show up in line at the rental car counter be sure to do some advanced planning. The Insurance coverage you may want to understand include the following coverages: Collision Damage Waiver Rental car insurance usually offers a collision damage waiver, in some cases this coverage may also be called, a Loss Damage Waiver. These policies are not … Continue reading →

Planning a Family Vacation? Steps to take before Renting A Car

Spring break is here and summer is just around the corner! Many families will head out the door for a well planned vacation which may include Renting a Car. Many vacationers may not even think about the insurance for a car rental until they’re at the rental counter, and this can lead to an expensive mistake. Insurance needs should never be a quick decision and one of the most common places consumers make poor choices are at the end of a long line at the rental car counter. Many consumers panic when asked, “Would you like to buy or decline … Continue reading →

Underwrite, Underwriting and Insurance Underwriter–Who Are These People?

I once told a very wonderful editor that an Insurance Underwriter was just about the same job description as the editor of a bunch of Bloggers. When I first started in the Business of Insurance my best boss ever used to kindly refer to underwriters as “people from a different planet.” Of course, we did our very best to make sure we kept our underwriters happy, because they had an amazing skill of causing extra work when we didn’t do our end of things correctly. An Underwriter is an intermediary between the insurance company who offers to accept the liability … Continue reading →

The Insurance Application

When I started my career in the Business of Insurance there were very few computers. Most things were done by way of the telephone or through the use of the mail and a variety of small delivery systems. Most insurance companies invested in the delivery systems to help their companies quickly review applications and agree to cover an insurance risk. Insurance agents needed to get the information correct right from the start, and they needed to spend time with the person needing insurance in order to help them make decisions about the kinds of insurance they might need. Everything was … Continue reading →

Creating the Quote Request Letter: Cover Page

Welcome, to my personal insurance Review and Update! So far I have worked out the details of our Personal Assets and gathered all the relevant paperwork, and have all the current insurance policies, details, appraisals and other documentation. I won’t actually need most of this paperwork to start the Quoting process, but want to have the chance to review everything and have the papers all in one spot if we do decide to change our insurance carrier. It’s not uncommon especially for Auto Insurance to be asked to provide proof of prior coverage. I also have my household inventory completed … Continue reading →

Insurance Review and Update: The Important Paperwork

In this series of Blogs I am sharing my own Personal Insurance Update and Review. So far I am still in the gathering stage. I am working on determining our actual Assets since this is one of the most important things for our family to protect. Now I need to find all the important papers. Lucky for me my husband files everything and never tosses out any important documents. Of course, the 15 boxes of papers we keep stored is a different issue–but, sometimes I don’t mind! When reviewing our insurance I am actually very happy to have all the … Continue reading →

Insurance Blog Week In Review January 9-15, 2007

It’s been a busy week for so many people in the United States. The weather has been a huge problem with snow, ice and unusually cold temperatures. Get ready to pay a lot more for Oranges and Avocado’s after the deep freeze in Southern California. Many homeowners have suffered the Midnight Disaster, including my little brother. Caught completely off guard with freezing temperatures and a ruptured pipe in the attic. Thankfully, he was able to Ask Anna (or sissy) for help in this matter! When my brother woke up to find boxes falling out of his attic and water flooding … Continue reading →

Insurance Blog Week In Review January 2-8, 2007

The first week of 2007 has been an inspiring week for this Insurance Blogger! Not only because I have some great ideas and insurance things to write about–but, also because I have learned a few new things about Insurance myself. Insurance Term Of The Week: Insurance Credit Score Credit Protection Insurance. Consumer Credit Scores What Decides Score? How is the Score Used Errors Concerns Information Many of your are aware that my husband and I are adoptive parents of special needs siblings from the foster care system. I wrote many Adoption Blogs at Families.com before I took this position writing … Continue reading →

Ask Anna: My Auto Insurance Policy was Cancelled For Non-Payment!

Today, I recieved this message from a Families.com member: During the holidays some of my mail was misplaced and I didn’t realize my car insurance bill was missing, so I didn’t pay it. Today I found the notice that if my bill wasn’t paid by January 6th my auto insurance would be cancelled. I have a couple of questions, first of all does this mean that I have been driving around for 2-days without any car Insurance? And, since it’s January 8th two days after the cancellation date will I be able to get my car insurance renewed? I had … Continue reading →

Insurance Term: Peril

In Insurance the term “peril” is: The cause of an injury, The reason something is damaged or destroyed, The way something was lost or is no longer in your possession. Insurance companies generally label a particular risk as a “peril” which may cause a loss or damage. A peril may include such things as fire, earthquake, windstorm, flood, or theft to name just a few. Most Insurance policies, breakdown perils into several categorize: Named Peril coverage sometimes known as Specified Peril Insurance. These policies cover losses for only a named peril specifically stated in the policy. For example, a Standard … Continue reading →