If, after an accident, your car got towed, you need to have it taken out of a towing lot as quickly as possible. Storing a towed car is typically paid for on a daily basis, and your car insurer will rarely cover the expense if you let these fees pile up. Ensure you’ve got full coverage to avoid gaps that can happen when you change insurance carriers. If you quit your old policy right away, you could be liable for the damages that happen during the time you take in switching insurance companies. But be very aware of any policy’s expiration date. Having multiple policies overlapping will result in you paying too much money. Let your insurance provider set the dates in order for there not to be any gap or overlap. Like other insurance types, increasing your deductible can lower your premium. It is smart to keep a high deductible in order to protect you from frivolous claims that can spike your premiums. If the deductible is high, you will be less tempted to file that claim.
Applying for insurance valued at over $100,000 will mean that you have to have a physical to be approved, so keep that in mind if you have any pre-existing medical conditions. That test could end up in higher premiums or rejection of coverage.
As this article has shown you, you don’t have to be a rocket scientist to be educated enough to research and buy an insurance policy. You just need to have a little bit of knowledge to make an informed decision. You can take this advice and feel much more at ease about you and your families insurance.
Consider return of premium life insurance if you’re looking for a new policy. This kind of insurance is expensive, even more so than other policies, but the good thing is you will get your premium back should there be no claims over the life of the contract.
Your employer should have disability insurance available to you. Make sure you remember to take advantage of this should an unexpected medical issue occur that causes you to take time off work. The covered amounts vary depending on the particular policy, but disability insurance covers some or the total of your wages while you are unable to work.