One of the results of the recession has been to reinforce the tendency to opt for term insurance as the first life policy. With the disappearance of credit and the pressure on employment, people have decide to switch to prudence. That means paying down the debts and cutting back on discretionary spending. Is this financial puritanism sensible? There are a number of factors to consider. First, a definition. A...

Most car owners are probably well aware of the fact that their insurance rates are strongly influenced by their current credit score. The majority of insurance companies make a direct link between a person’s credit record and risk grade, because statistically those who have bad credit ratings are usually filing more insurance claims and represent a high risk to insurance providers. And those, who have...

Expectations are sometimes very amusing things. You have them and then find yourself surprised when they prove wrong. It’s like assuming every classic diner will serve apple pie only to find some that don’t. So, browsing through the news, I was surprised to come across a news item about the latest words of wisdom to be published by the American College of Physicians. For those of you who don’t...

When facing an insurance case, people often find it frustrating to wait for the insurance company to settle their case and ask how long it takes to process a claim. Many customers look for legal support of their anticipation, asking if there are any laws regulating the duration of insurance procedures. Every state has its own regulations and legislation concerning insurance activities to which the insurance...

One of the quotes seeming to live forever is, “Never give a sucker an even break.” Coming from the movie of the same name, starring and written by W.C. Fields, it’s supposed to be a comic line but, first used as an ad-lib by Fields in 1923, it accurately represents the ruthless streak in US business. So, over the last eighteen months or so, banks and finance companies have been playing to packed...

The market for insurance in the US is somewhat unusual. In most every other line of business, companies are allowed to compete with each other across state lines. This helps to keep pricing and the quality of the product to higher levels and protect the consumer. But, the insurance industry is licensed and regulated state-by-state. There’s no such thing as a federal insurance policy. You have to buy a...

There are so many different versions of the idiom. Try, “Expect the worst. Hope for the best.” or “Expect the worst and you’ll never be disappointed.” or “Prepare for the worst. Plan for the best.” You get the idea, particularly when it comes to dealing with your insurance company. It’s a strange reality but, no matter where you go, insurance companies always seem...

More or less every site offers advice on saving money when buying insurance. One of the standard tips is bundling auto and homeowners policies with the same insurance company. If you check around the companies, the discount varies between 10 and 15% and, if you agree an increase in the deductible from $500 to $1,000 this increases the discount to 25%. At this point, many people are sold on the idea. A saving...

Having your life insured, you are most likely to realize that your insurance coverage will be modified with the passing of time as you get older. When you are younger, most types of life coverage will be cheaper and won’t take much of your thoughts as the real need in such coverage comes later on in life. Still, no matter what age you are when you get your policy, at the first stage you might find that...

USA has lots and lots of services you can rent. But together with each service companies like to sell their bloody insurances. If we are honest, insurances are for the best. At first you get an idea of payment for nothing but believe us, when the time comes, and if it does, you are very lucky to be insured under a good insurance plan. Each plan has its own limitation, condition, provisions, exclusions and specifics....