Are you shopping around for home insurance for the very first time? The buying process can be very confusing, with new terms being used that you are completely unfamiliar with. Here are some frequently used terms that you should know as you start shopping around.
Actual Cash Value
You will see many items referred to as having an actual cash value, especially when it comes to personal property coverage. This is used to describe the value of what an item is worth today after depreciation.…
Insurance companies use your insurance history to calculate your premiums. With a few exceptions, some insurance history is better than no history. For example, teenagers without any insurance history might pay more than their counterparts who have been on their parent’s insurance policies.
Below are some aspects of your insurance history that interest insurance companies.
Denied or Cancelled Coverage
Your insurance company wants to know whether other companies have canceled or denied you coverage in the past.…
Drivers in virtually every state are required to possess an auto insurance policy that meets their state’s minimum requirements, so there is no shortage of auto insurance providers competing for your business. While every individual represents a unique set of circumstances, there are a number of things that everyone can do to increase the likelihood of finding the best possible insurance provider for them. If you are currently shopping for auto insurance – or plan to in the near future – take a look below at just a few of the tips you should keep in mind.…
