Gain knowledge on the types of companies carriers such as standard (preferred), non-standard, admitted and non-admitted insurers.
Top 10 Best Rated Companies - Learn how individual companies are rated based on multiple factors such as financial strength which helps indicate stability and more.
Senin, 27 September 2010
Sabtu, 04 September 2010
Your life insurance depends on it
Could the medical decisions you make tomorrow inadvertently void the life insurance policy you purchase today?
It's a question that may have crossed your mind if you avoid mainstream medicine in favor of alternative treatments, reject medical treatment as a tenet of your religion or refuse medical treatment for a potentially life-threatening condition.
The good news is, once the ink dries on your life insurance policy, in most cases, you're covered under the terms of your contract, regardless of the health care decisions you make.
"If you have your policy in place and you've been paying for your policy, the changes in health that you have going forward would not be material," says Jacki Goldstein, vice president and chief medical officer for MetLife in New York.
You're covered, no matter what
Dr. Robert Pokorski, chief medical strategist for The Hartford's Individual Life Insurance Division in Woodbury, Minn., agrees. "You will still be covered no matter what you do. Somebody may have high blood pressure and after a period of time stop taking their medicine. Even if you stop, your insurance continues. If your doctor recommends surgery for cancer, some people say no. We will still pay the claim when it occurs."
That said, you could endanger your policy before it's written based on the information you disclose -- or fail to disclose -- on your life insurance application.
"The only thing, generally, that can void a life insurance policy is fraud on the medical application," says Rick Nathanson, Seattle insurance agent and author of "Can You Afford to Grow Old?"
Attempts to defraud
According to Pokorski, most standard life insurance policies include a two-year contestable period during which the insurance company can rescind a policy due to misrepresentation or fraud on the application.
"Misrepresentation means that you omitted something that is pertinent to the risk, such as you had cancer and you didn't tell the insurance company," Pokorski says. "Fraud is more of a contractual attempt to defraud the company. If the death claim occurs within that two-year period, the company may choose to rescind the policy and not pay the claim."
Goldstein says life insurers realize there are gray areas when it comes to an applicant's medical history. "Some people know a little bit more about their history, and there are some answers that aren't quite black and white," she says. "As long as there was no intent to deceive, that policy is in place and what happens in the future does not matter. It would not affect that policy."
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What is often overlooked or soon forgotten among the pages of legalese when purchasing a life insurance policy is that positive changes in your health can convince your insurance company to lower your premiums. The only catch: You must remember to request a policy review.
"If you took out a policy in the middle of a health situation where you did not qualify for a best rating, those ratings can always be reconsidered for a more favorable one in the future," says Goldstein.
It's a question that may have crossed your mind if you avoid mainstream medicine in favor of alternative treatments, reject medical treatment as a tenet of your religion or refuse medical treatment for a potentially life-threatening condition.
The good news is, once the ink dries on your life insurance policy, in most cases, you're covered under the terms of your contract, regardless of the health care decisions you make.
"If you have your policy in place and you've been paying for your policy, the changes in health that you have going forward would not be material," says Jacki Goldstein, vice president and chief medical officer for MetLife in New York.
You're covered, no matter what
Dr. Robert Pokorski, chief medical strategist for The Hartford's Individual Life Insurance Division in Woodbury, Minn., agrees. "You will still be covered no matter what you do. Somebody may have high blood pressure and after a period of time stop taking their medicine. Even if you stop, your insurance continues. If your doctor recommends surgery for cancer, some people say no. We will still pay the claim when it occurs."
That said, you could endanger your policy before it's written based on the information you disclose -- or fail to disclose -- on your life insurance application.
"The only thing, generally, that can void a life insurance policy is fraud on the medical application," says Rick Nathanson, Seattle insurance agent and author of "Can You Afford to Grow Old?"
Attempts to defraud
According to Pokorski, most standard life insurance policies include a two-year contestable period during which the insurance company can rescind a policy due to misrepresentation or fraud on the application.
"Misrepresentation means that you omitted something that is pertinent to the risk, such as you had cancer and you didn't tell the insurance company," Pokorski says. "Fraud is more of a contractual attempt to defraud the company. If the death claim occurs within that two-year period, the company may choose to rescind the policy and not pay the claim."
Goldstein says life insurers realize there are gray areas when it comes to an applicant's medical history. "Some people know a little bit more about their history, and there are some answers that aren't quite black and white," she says. "As long as there was no intent to deceive, that policy is in place and what happens in the future does not matter. It would not affect that policy."
advertisement
What is often overlooked or soon forgotten among the pages of legalese when purchasing a life insurance policy is that positive changes in your health can convince your insurance company to lower your premiums. The only catch: You must remember to request a policy review.
"If you took out a policy in the middle of a health situation where you did not qualify for a best rating, those ratings can always be reconsidered for a more favorable one in the future," says Goldstein.
Kamis, 10 Juni 2010
You Could Save $550 on Your Car Insurance
If you're new to car insurance, want to switch to a different auto insurance company or looking for a low car insurance rate, choose Progressive. By shopping for lower car insurance rates, you could save hundreds on your auto insurance.
Great Auto Insurance and Car Insurance Rates
In addition to a low car insurance rate, a Progressive automobile insurance policy comes with 24/7 live support, local response claims service and our concierge level of claims service – all included in our low car insurance rates.
Get Car Insurance Quotes — And More**
Overwhelmed by all the auto insurance choices? Don’t be. Progressive makes shopping for auto insurance easy. We’ll help you find the auto insurance you need at a car insurance rate you can afford. With a Progressive car insurance quote, you can get car insurance rate comparisons, money-saving tips, automatic discounts, payment plan options and more to make your car insurance rate even lower. Get the car insurance rate you're looking for.
Progressive Focuses on Your Needs
Since 1937, Progressive has provided auto insurance at competitive car insurance rates to customers across the country. With Progressive, you can purchase auto insurance, motorcycle insurance, boat insurance, RV insurance, commercial auto insurance, homeowners insurance and more. So, when getting a car insurance rate, remember your other vehicles, too. With our car insurance rates, your savings can add up!
We're one of the largest auto insurance groups in the country – a spot we’ve earned by providing great auto insurance coverage, competitive car insurance rates and superior service. Choose Progressive for a low car insurance rate and see how our car insurance rates and great service can help you.
Auto insurance and so much more. Now that's Progressive.
*National annual average savings by new customers surveyed who saved with Progressive from September to December 2008.
** Car insurance rate comparisons are not available in MA.
Great Auto Insurance and Car Insurance Rates
In addition to a low car insurance rate, a Progressive automobile insurance policy comes with 24/7 live support, local response claims service and our concierge level of claims service – all included in our low car insurance rates.
Get Car Insurance Quotes — And More**
Overwhelmed by all the auto insurance choices? Don’t be. Progressive makes shopping for auto insurance easy. We’ll help you find the auto insurance you need at a car insurance rate you can afford. With a Progressive car insurance quote, you can get car insurance rate comparisons, money-saving tips, automatic discounts, payment plan options and more to make your car insurance rate even lower. Get the car insurance rate you're looking for.
Progressive Focuses on Your Needs
Since 1937, Progressive has provided auto insurance at competitive car insurance rates to customers across the country. With Progressive, you can purchase auto insurance, motorcycle insurance, boat insurance, RV insurance, commercial auto insurance, homeowners insurance and more. So, when getting a car insurance rate, remember your other vehicles, too. With our car insurance rates, your savings can add up!
We're one of the largest auto insurance groups in the country – a spot we’ve earned by providing great auto insurance coverage, competitive car insurance rates and superior service. Choose Progressive for a low car insurance rate and see how our car insurance rates and great service can help you.
Auto insurance and so much more. Now that's Progressive.
*National annual average savings by new customers surveyed who saved with Progressive from September to December 2008.
** Car insurance rate comparisons are not available in MA.
Minggu, 11 April 2010
Condo Insurance
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Protect your condo — and your possessions — with condo insurance from Progressive Home Advantage*. Different from home insurance, condo insurance is designed specifically for condos, and it covers what you keep inside of yours.
What is condo insurance?
When you own a condominium, you — not your condo association — are responsible for what's inside your condo. That's why having a personal condo insurance policy is important.
Condo associations have master policies that cover the property, common areas and physical structure of your building. However, these master policies do not cover your personal property or your legal responsibility to others, and they may not cover improvements or customizations to your unit.
That's where condo insurance comes in.
As you get condo insurance quotes while shopping for a condo insurance policy, you'll typically select from available coverages, such as:
* Personal property
* Replacement value of your primary dwelling and specified permanent attachments, up to a specific value
* Bodily injury if someone is hurt on your property
* Liability for property damage
* Damage protection from dangers, such as fire, plumbing freezes, vandalism, glass breakage, etc.
A basic condo insurance policy will cover damages to most of your personal belongings, as well as walls, floors, ceiling coverings, etc. Most condominium by-laws or trust agreements state that the condo owner owns or is responsible for everything within the unit, including permanently attached fixtures and improvements.
With condo insurance, sometimes called an HO6 policy, damage to improvements, additions and alterations of your unit are covered. Your condo insurance policy also covers your belongings and the structural parts of the building that you own.
Before you shop for condo insurance, take an inventory of what you own to decide what level of coverage makes you comfortable.
Ready to take the first step toward obtaining condo insurance? Get condo insurance quotes through Progressive today.
*Insurance policies purchased through the Progressive Home Advantage program are underwritten by leading providers of homeowners, renters and condominium insurance, including Homesite Insurance Group and IDS Property Casualty Insurance Company, depending on your state. These companies are valued business associates that are not affiliated with Progressive, and are solely responsible for claims under insurance policies issued by them. Certain Progressive companies may be compensated as licensed agencies for performing services on behalf of these underwriting companies.
Progressive assumes no responsibility for the content or operation of the underwriting companies' Web sites. Information provided by you to any of these underwriting companies is subject to their Web sites' respective terms of use and privacy policies.
* email PageSend Page
* Link to PageLink to
* Bookmark PageBookmark
Protect your condo — and your possessions — with condo insurance from Progressive Home Advantage*. Different from home insurance, condo insurance is designed specifically for condos, and it covers what you keep inside of yours.
What is condo insurance?
When you own a condominium, you — not your condo association — are responsible for what's inside your condo. That's why having a personal condo insurance policy is important.
Condo associations have master policies that cover the property, common areas and physical structure of your building. However, these master policies do not cover your personal property or your legal responsibility to others, and they may not cover improvements or customizations to your unit.
That's where condo insurance comes in.
As you get condo insurance quotes while shopping for a condo insurance policy, you'll typically select from available coverages, such as:
* Personal property
* Replacement value of your primary dwelling and specified permanent attachments, up to a specific value
* Bodily injury if someone is hurt on your property
* Liability for property damage
* Damage protection from dangers, such as fire, plumbing freezes, vandalism, glass breakage, etc.
A basic condo insurance policy will cover damages to most of your personal belongings, as well as walls, floors, ceiling coverings, etc. Most condominium by-laws or trust agreements state that the condo owner owns or is responsible for everything within the unit, including permanently attached fixtures and improvements.
With condo insurance, sometimes called an HO6 policy, damage to improvements, additions and alterations of your unit are covered. Your condo insurance policy also covers your belongings and the structural parts of the building that you own.
Before you shop for condo insurance, take an inventory of what you own to decide what level of coverage makes you comfortable.
Ready to take the first step toward obtaining condo insurance? Get condo insurance quotes through Progressive today.
*Insurance policies purchased through the Progressive Home Advantage program are underwritten by leading providers of homeowners, renters and condominium insurance, including Homesite Insurance Group and IDS Property Casualty Insurance Company, depending on your state. These companies are valued business associates that are not affiliated with Progressive, and are solely responsible for claims under insurance policies issued by them. Certain Progressive companies may be compensated as licensed agencies for performing services on behalf of these underwriting companies.
Progressive assumes no responsibility for the content or operation of the underwriting companies' Web sites. Information provided by you to any of these underwriting companies is subject to their Web sites' respective terms of use and privacy policies.
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