Blog
The Truth About Insurance
http://www.thetruthaboutinsurance.com/
Tips and advice to help you better understand insurance.
295 articles
State Farm to Raise Home Insurance Rates in Alabama
From The Truth About Insurance , 7 month ago, Read 0 times. Similar articles
You may have read our recent post about State Farm non-renewing 10,000 home insurance policies in Florida. That'll probably ensure they are making enough money, right'
WRONG. State Farm plans to increase the cost of homeowners insurance policies by 5% in Alabama to increase future profits, according to National Underwriter.
The whole ?Like a Good Neighbor' thing is losing its luster as they continue to raise rates and fight allegations of ?gouging' their insured and illegally denying insurance...
Read more
Interresting ? 0
Accidental Death & Dismemberment Coverage
From The Truth About Insurance , 7 month ago, Read 0 times. Similar articles
It's not a subject we love to bring up, but it beats burying your head in the sand.
Accidental Death & Dismemberment coverage, also known as ?AD&D,? is a type of life insurance policy (or rider) that will pay out a benefit for death caused by'wait for it'an accident or dismemberment resulting from an accident.
Continue reading before you panic and assume your current life insurance policy DOESN'T pay out benefits if a death occurs as a result of an accident.
That's certainly not the...
Read more
Interresting ? 0
Farmers to Raise Texas Home Insurance Rates by 10 Percent
From The Truth About Insurance , 7 month ago, Read 0 times. Similar articles
Coming on the heels of a 3.9% rate increase in March of 2010, Farmers Insurance plans to increase homeowners insurance rates another 10% in the Lone Star State.
This latest rate increase will affect roughly 350,000 insured in the state of Texas, and will take effect March 16, per the Dallas Morning News. Ouch!
Why Farmers, Why'
The current economy is a strain on everyone these days. Not only consumers, but insurers as well.
Also, they have to pay for those snazzy University of Farmers...
Read more
Interresting ? 0
Allstate Shop Less Get More Review
From The Truth About Insurance , 7 month ago, Read 1 times. Similar articles
?My mama told me, you better shop around.?
Great song, and even better advice'especially coming from the person who loves you most in the world, Mom.
So why is Allstate suggesting that we shouldn't shop around, while arguing that we'll somehow ?get more' if we don't.
We at TTAI have never claimed to be geniuses, but this advice seems a little counterintuitive if the goal is to save money on your car insurance.
Does This Campaign Make Sense'
It does if you're Allstate. In fact, any business on...
Read more
Interresting ? 0
What Is an Insurance Rider'
From The Truth About Insurance , 7 month ago, Read 0 times. Similar articles
Insurance Q&A: ?What is an insurance rider'?
Similar to an insurance endorsement, a rider is a provision added to a policy that adds additional coverage beyond what is offered on the standard coverage form.
But why is this necessary' Why doesn't the policy simply cover everything' Good questions. The answer is quite simple. Not everybody has the same risk factors.
There may be coverage you need that another doesn't, or vice versa. Would you rather pay more for insurance coverage you don't...
Read more
Interresting ? 0
Insurance for Falling Home Prices
From The Truth About Insurance , 7 month ago, Read 0 times. Similar articles
The myth that homes values always increase was thoroughly debunked over the past few years as the real estate boom went bust and we fell into recession.
This ?new risk' has led to opportunity for one company. Enter Home Value Insurance Co.
HVIC, now officially an insurance company, has developed a product that seeks to insure homeowners against the seemingly never-ending drop in real estate values nationwide.
Who is Home Value Insurance Co.?
And where was this company in 2008?when we needed...
Read more
Interresting ? 0
State Farm to Non-Renew 10,000 Home Insurance Policies in Florida
From The Truth About Insurance , 7 month ago, Read 0 times. Similar articles
Like a good neighbor'State Farm may borrow your hedge trimmer and not return it!
But worse yet, the company plans to send 10,000 Florida homeowners in search of new coverage next year, according to National Underwriter.
Yep, the second largest personal property insurer in the Sunshine State will non-renew 10,000 home insurance policies. Ouch.
Why Would State Farm Do This'
Well, contrary to what you may see or hear in their formidable television, radio and internet marketing campaigns, State...
Read more
Interresting ? 0
Safest Place to Drive Your Car May Not Be the Cheapest
From The Truth About Insurance , 7 month ago, Read 0 times. Similar articles
Wondering where it's safest to operate your vehicle'
Well, a new survey revealed that Fort Collins, Colorado was the safest spot in the country for the second year running, according to CarInsuranceRates.com, an insurance quote provider.
The company noted that the average driver there has a sizable 14 years between accidents and a 30 percent lower chance of getting into an accident than the national average.
Who else ranked in the top five' Drivers in Boise, Idaho, Lincoln, Nebraska, Chandler,...
Read more
Interresting ? 0
What Is an Insurance Quote'
From The Truth About Insurance , 7 month ago, Read 0 times. Similar articles
Insurance Q&A: ?What is an insurance quote'?
?Call today for a quote'Click here for a quote'See your local insurance agent for a quote.? It never ends. We are constantly pestered by ads on TV, the radio and the Internet to ?get quotes' to save money on our insurance.
But, what exactly is a quote' The answer depends on where you get it, who you get it from and most importantly, how much (or little) information you provide.
Don't Quote Us on This
An insurance quote is a projected premium...
Read more
Interresting ? 0
Lender Forced Property Insurance
From The Truth About Insurance , 8 month ago, Read 0 times. Similar articles
We've all (semi) jokingly said, ?I don't own the house'the bank does.?
For those of us with a mortgage hanging over our heads, knowing this can be a sad reality of homeownership.
After all, the property isn’t truly yours until you’ve paid off your loan, assuming you ever do.
So one can certainly understand why a lender has the right to FORCE us to have property insurance while holding a mortgage; it protects their stake.
Heck, there are thousands of Americans leaving their homes...
Read more
Interresting ? 0
