Before You Buy Insurance

Great tips to help you save on your next insurance policy

1. Talk to people first that you trust Insurance agents just wish to sell their product so before getting insurance quotes ask your friends, neighbors and family members, they may have estimable information about their insurance. They may realize of great insurance deals, small companies in your area that do a great job, or have horror stories about insurance demands with specific companies. I understood this on the hard way by purchasing a big brand of auto insurance and then had a terrible time with them when I had to make a requirement, turns out one of my friends did too, I' d just never asked... 2. Get the indispensable data needed to complete your quote Before you can get an insurance quote you will require, wish to know a few basics if it a car you will need to know the year, make and model. If it is for a home you will need the home' s address, age, square footage, number of bathrooms, bedrooms and what the frame is made of. You should also comprehend safety specifics, such as what kind of alarm systems you have in place and how far (approx) to the nearest fire station and fire hydrant. 3. Decide if you want to use an agent or go thru the internet for your insurance quote Many people have or cultivate a nice relationship with their local insurance agent and sense more secure with this face to face relationship. Be conscious that having a local agent may come at a price. If you determine on an online option you can go directly to the companies in question or there are several sites in which you can insert the information and they will have multiple companies communicate with you by phone or email. This does let you get lots of diverse quotes, but be conscious that they will all be attempting to sell you something. So be prepared with your questions and to let them understand you are still in the research phase. Personally I don' t want having a bunch of salespeople knowing my phone number. I checked out several of these sites and the only one I gratis insurance quotes, if you encounter them please add comments about them. 4. Put the insurance quote in writing When you converse to an insurance company to get a quote make sure you really understand what they are covering and write down what they are offering proposing as far as coverage amount and deductibles. When you later compare companies you will be clear you are really comparing the same criteria. For example some homeowners insurance policies will cover "replacement cost" of items and other will cover "actual cash value" Replacement cost means how much it would be to purchase the same thing today. If you had a certain size and model of TV they will pay for a new one that is the same size and model (as close as probable anyway). Actual cash value means they will figure out how much you paid for it and then undervalue it, so you will end up getting a lot less if you had to make a demand. 5. Take your time making a resolution You want your insurance company to be financially reliable. You can examine on their financial strength rating as assigned by the major credit rating agencies, like Standard & Poor' s, Moody' s or TheStreet.com Ratings. You may also want to be in touch with the dept of insurance for your state and ask for any information on the company' s history of customer complaints, or search the Internet for extra information about the company. Here is a list of the phone numbers for the Dept of Insurance by state.
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