Insurance Archives

What Is Landlord Insurance? And Is Insurance Worth It?

How To Evaluate The Rate Of Return On Rental Property

Being a landlord can be very hectic, if you are renting out your vacant properties, there are plenty of things that can go wrong when you allow tenants to rent the house. It is wise to take the necessary precautions before it happens. If you haven’t got the right insurance cover you might have to pay the bills from your own pocket if things go wrong. What if the property is damaged by a natural calamity, or even vandalized? To make being a landlord less stressful than it already is, there is the Landlord insurance, which can really come in handy. What exactly is Landlord insurance? Landlord insurance protects you (the landlord) from the risks that accompany your property when … Read more

How to Get Affordable Motorcycle Insurance

by Hank Coleman

The simple fact that everyone has the ability to pursue freedom in his or her own way is what makes this country so great. When you think about driving across the open road, wind at your face, and truly being one with the road, it’s easy to fall in love with riding a motorcycle. But, it can be a struggle sometimes to find affordable motorcycle insurance. The problem is that motorcycles are traditionally a bit more expensive when it comes to insurance. The reasons are many: drivers of motorcycles tend to be younger, the bikes themselves are more flashy, and if a wreck does happen it can cause a lot more damage than something like a minivan would. Rather than … Read more

5 Reasons to Keep Your Life Insurance After Retirement

by Hank Coleman

Life insurance is often touted as your trump card should you die during the prime of your life. Nevertheless, when the kids have flown the nest and you have little to no responsibilities left, it can seem silly to keep paying for life insurance after retirement. Here are five reasons why keeping your life insurance after retirement going is crucial. Why Keep Life Insurance After Retirement Final Expenses It’s expensive to die these days. Sadly, you can’t just bury yourself in the yard any longer. According to Seniors Life Insurance Finder, it can cost around $10,000 when all final expenses are taken into account. Don’t burden your family with these extra costs. You can cover these final expenses through even a small … Read more

CoverWallet Review – Simple and Fast Small Business Insurance Quotes

by Hank Coleman

Running a business – even if you’re just a sole proprietorship – is one of the most challenging, yet rewarding things you can do for work. Of course, it’s not just about balancing revenue and expenses, satisfying your customers, and growing your brand’s presence in the market – you also need to cover your bases in other ways, such as properly insuring your business against potential problems. The issue with commercial insurance is that it can be incredibly complex and costly if you don’t thoroughly research your available options before deciding on a policy. For businesses operating on particularly tight margins, choosing the right business insurance could mean the difference between shutting your doors and staying competitive for years to … Read more

Insurance Companies Canceling Policies Might Not Be a Bad Thing

by Hank Coleman

I saw a segment on the news recently that highlighted a family whose insurance company had canceled their renters’ insurance policy. The family in question filed two claims against their policy over the holidays after burglars broke into their home before Christmas and again just before New Year’s. As a result, their insurer dropped them. Of course, the timing was horrible, and the local media covered the story exhaustively. But I’m glad the insurance company canceled their policy, and you should be happy, too. Here’s why: What are the odds of a family having two robberies in such a short span of time? It’s very unlikely. In fact, such unusual circumstances are strong warnings of potential fraud. And while I don’t … Read more

Insurance Companies Can Easily Spot Fraudulent Insurance Claims

by Hank Coleman

Fraudulent Insurance Claims Are Easily Spotted

Spotting fraudulent insurance claims is an important job for most insurance companies. The mounting losses from false and fraudulent insurance claims reported by customers can reach into the billions of dollars each year. Money lost from fraudulent insurance claims comes directly out of the insurance companies’ coffers and results in an overall insurance cost increase for honest customers. Many people mistakenly think that they can get away with filing a false claim, but the insurance industry watches claims meticulously. Insurance companies in the United States watch for suspicious indicators in order to help them prevent losses from fraudulent insurance claims cases. For example, an insurance company may conduct additional investigations before paying out a suspicious claim if the policyholder has a high debt … Read more