Goodbye Worry, Hello Life InsuranceGoodbye Worry, Hello Life Insurance

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Goodbye Worry, Hello Life Insurance

Do you worry about what would happen to your loved ones and family members if you were to pass away? You're not alone. Many people worry that they will not only leave behind sorrow, but also big bills. Thankfully, there is something you can do to alleviate this worry. You can buy life insurance. A life insurance policy will ensure your loved ones' bills are paid after you are gone, so they don't have to worry about finances in their time of grief. To learn more about life insurance, schedule an appointment with an insurer, and also spend some time reading this blog.


Purchasing Auto Insurance? 4 Questions About The Process

If you are in the process of looking for auto insurance, you likely have several questions about the entire process. Here are a few of those common questions about the process and what determines your rates. 

What Determines Your Premiums If You Have No Driving History?

While you may think it is to your advantage to apply for car insurance with no previous history of driving, there are many things that are assumed about you that help determine what your premium will be. An auto insurance provider will often start by looking at your demographics. Your gender and age often play a role in how big of a risk you are, since assumptions are made based on statistics of other drivers. Your credit history also comes into play to look at your risk factor. For example, if you have made poor financial decisions in the past, it may be assumed that you'll make poor decisions on the road as well. 

What Is The Bare Minimum Amount Of Coverage You Can Get?

Each state has its own laws regarding what kind of insurance you must have. You definitely do not need to purchase collision coverage to protect your own vehicle, since the concern is typically having enough insurance to cover the other driver. This includes having coverage for property damage to cover their vehicle, and liability damage to cover any medical bills. 

How Much Will You Pay To Use Your Auto Insurance?

If you end up in a situation where you need to use your auto insurance, you will have to pay your deductible before insurance will pay for the remainder of the bills according to your policy limits. It is recommended that you have a deductible that is low enough for you to pay it with cash on hand. Otherwise, it will be problematic if you cannot pay your deductible and actually use your insurance when the time comes.

Can You Cancel Auto Insurance At Any Time?

While auto insurance is typically for periods of 6 months, know that your payment period will be prorated for the amount of time that you use it if you need to cancel your insurance. This will be calculated to the day to ensure that you are only paying for the exact amount of time that you had auto insurance. 

Still have questions about getting auto insurance? Reach out to a local insurance agent in your area for more information.