How Is Your Auto Insurance Policy Price Determined?

Written by Tim Gorman


The average auto insurance policy price is derived from a variety of factors. Many of these variables are common knowledge and make sense forrepparttar most part but it’s always a good idea to refresh yourself with what insurance companies are looking for when determining how much your coverage will cost.

Driving Record – Your auto insurance policy price is determined from 6 major areas. The first is your driving record. The key thing to remember isrepparttar 144668 better your driving recordrepparttar 144669 lower your total cost to insure your automobile. This would include auto accidents, speeding tickets and believe it or not if you’ve gone without insurance for several years. The good thing is that you can directly control many of these factors. Concentrate on keeping a clean driving record and this area shouldn’t cause your rates to be outrageous.

Coverage Amount – Do a self check sometime and call your insurance company up to see what impact raising and lowering your deductibles and coverage amount has onrepparttar 144670 price of your insurance. Raising a deductible lowers your monthly payment. Increasingrepparttar 144671 deductible hasrepparttar 144672 opposite effect. The same goes forrepparttar 144673 actual coverage amounts.

Age – Case studious have proven that younger drivers are involved in more accidents then older drivers. This potential to be involved in a collision is a result of inexperience behindrepparttar 144674 wheel of an automobile. Generally speaking most insurance companies charge more for individuals underrepparttar 144675 age of 25.

Do You Know What The 7 Home Insurance Plans Are?

Written by Tim Gorman


Most people don’t realize that there are 7 different homeowners insurance plans that insurance companies can offer. Each plan is different fromrepparttar other 6 based onrepparttar 144667 circumstances that it covers. Additionally if consumers are familiar with any ofrepparttar 144668 plans it would be plans that involve parts of option 2 and option 3. You’ll see why as I explain each plan in more detail below. There are many different types of disasters that can affect your home but your standard homeowners insurance policy limits its coverage to 11 specific disaster events. They are damage from aircraft, wind and hail damage, damage suffered from explosions, riots and civil unrest, fire and lightning damage, vehicular damage, vandalism and theft damage, smoke damage and damage if your home decides to fall in on itself otherwise known as self-damaging instances. The final category is damage sustained when a volcano erupts. This standard list can include 6 additional categories of damage protection. They include falling objects, weather related incidents from snow, sleet and ice, electrical surge damage and finally water damage, which can be further broken down into 3 sub-sections of coverage. Home insurance policy 1 covers damage fromrepparttar 144669 11 different scenarios mentioned above. Policy 2 include plan 1 but goes into greater detail in certain sections. If a tree falls and lands on your house it is covered in this policy section. If your dishwasher overflows or your washing machine busts a hose that would be covered under this section for water related damage. You’ll also find protection from a power surge or other damages as a result of electrical problems.

Cont'd on page 2 ==>
 
ImproveHomeLife.com © 2005
Terms of Use