Ironically purchasing separate policies in many cases does not offer the you the best auto and home insurance quotes available. It is obvious that insurance is needed for our most expensive assets, home and car, but it seems no research or comparison of insurers is done to secure the lowest possible premiums. Low premiums do not necessarily denote inferior products but savings for you if you do your homework. If you have an already tight budget, finding an affordable policy from one company that covers everything that you need may require some time and research, as you would think. It is however time well spent if you get adequate, affordable auto and home coverage and you if ever need to make a claim against the policy.Yes, this task can be a bit tiring and confusing but do not sign up with the first company that offers you what seems like a good policy. It is only by searching and comparing auto and home insurance quotes that you will you locate the most affordable insurance that fits your requirements for both. Compare each insurer’s rates, features and coverage to get the best car insurance policy for your needs. Asking questions will no doubt give you the answers that you need to make an informed decision.One of the best ways to save money in insurance is also one of the most over looked, buy your homeowners and auto insurance policy from the same company. That’s right, buying these as combined insurance policies from one company can save you hundreds. Many companies have discount rates for customers that choose multiple products. Yes, you have to find the right company but for years this this people have been paying lower premiums by simply insuring with one company.Your current insurance company may be as far as you need to look for the best home and auto insurance quote. If they offer both types of coverage and you only have one (home or auto) inquire with your agent or some one at the company what the cost would be to add the other type. You’ll be asking for a combined or multi-line policy or something similar. Since they definitely don’t want to lose your business you will be surprised that many insurance companies offer their current policy holders special discounts for the multiple coverages they provide.Getting the right insurance coverage that you need for your home and/or car is critical. It is important that you know what type of coverage that you need in order to have the right coverage for the region that you live in. Consult with an insurance agent concerning the type of coverage that fits your circumstances, and he or she will advise you of any pros and cons.The use of the internet can quickly yield auto and home policy comparisons, but using offline methods may present you with a local insurance agent or company that is smaller. In times of crisis, it is comforting to realize that your name is known by a agent that is sympathetic to your needs. Since most agents and companies have a website now a days you can easily find and compare different insurance company features online, in some cases multiple companies at once, and find a local agent as well. After a little research and comparison you should walk away satisfied that you have saved money and secured the best auto and home insurance quote available.
Your dwelling is often your most precious asset that you need to protect. We created a list of all savings opportunities associated with Home insurance. This list is the most complete perspective on home insurance savings tips. Numerous insurance brokers contributed to this list. So, let’s start!1. Change your content coverage: Renting a Condo? You can often lower your content coverage. No need to insure your belongings to up to $250,000 if you only have a laptop and some IKEA furniture!2. Renovations: Renovating your house can result in lower home insurance premiums, as home insurance premiums for older, poorly maintained dwellings are usually higher. Additionally, renovating only parts of your dwelling (e.g. the roof) can lead to insurance savings.3. Pool: Adding a swimming pool to your house will likely lead to an increase in your insurance rates since your liability ( e.g. the risk of someone drowning) and the value of your house have increased.4. Pipes: Insurers prefer copper or plastic plumbing – maybe it is a good idea to upgrade your galvanized / lead pipes during your next renovation cycle.5. Shop around: Search, Compare, and switch insurance companies. There are many insurance providers and their price offerings for the same policies can be very different, therefore use multiple online tools and talk to several brokers since each will cover a limited number of insurance companies.6. Wiring: Some wiring types are more expensive or cheaper than others to insure. Make sure you have approved wiring types, and by all means avoid aluminum wirings which can be really expensive to insure. Not all insurers will cover houses with aluminum wirings, and those that would, will require a full electrical inspection of the house.7. Home Insurance deductibles: Like auto insurance, you can also choose higher home insurance deductibles to reduce your insurance premiums.8. Bundle: Do you need Home and Auto Insurance? Most companies will offer you a discount if you bundle them together.9. New Home: Check if insurer has a new home discount, some insurers will have them.10. Claims-free discount: Some companies recognize the fact that you have not submitted any claims and reward it with a claim-free discount.11. Mortgage-free home: When you complete paying down your house in full, some insurers will reward you with lower premiums.12. Professional Membership: Are you a member of a professional organization (e.g. Certified Management Accountants of Canada or The Air Canada Pilots Association)? Then some insurance companies offer you a discount.13. Seniors: Many companies offer special pricing to seniors.14. Annual vs. monthly payments: In comparison to monthly payments, annual payments save insurers administrative costs (e.g. sending bills) and therefore they reward you lower premiums.15. Annual review: Review your policies and coverage every year, since new discounts could apply to your new life situation if it has changed.16. Alumni: Graduates from certain Canadian universities ( e.g University of Toronto, McGill University) might be eligible for a discount at certain Insurance providers.17. Employee / Union members: Some companies offer discounts to union members ( e.g. IBM Canada or Research in Motion)18. Mortgage insurance: Getting mortgage insurance when you have enough coverage in Life insurance is not always necessary: mortgage insurance is another name for a Life/Critical Illness / Disability insurance associated with your home only but you pay extra for a convenience of getting insurance directly when lending the money. For example a Term Life policy large enough to pay off your home is usually cheaper.19. Drop earthquake protection: In many regions, earthquakes are not likely – you could decide not to take earthquake coverage which could lower your premiums. For example, in BC earthquake coverage can account for as much as one-third of a policy’s premium.20. Wood stove: Choosing to use a wood stove means higher premiums – Insurance companies often decide to inspect the houses with such installations before insuring them. A decision to get rid of it means a lower risk and thus lower insurance premiums.21. Heating: Insurers like forced-air gas furnaces or electric heat installations. If you have an oil-heated home, you might be paying more than your peers who have alternative heating sources.22. Bicycle: You are buying a new bicycle and thinking about getting extra protection in case it is stolen when you leave it on the street e.g. when doing your groceries? Your Home insurance might be covering it already.23. Stop smoking: Some insurers increase their premiums for the homes with smokers as there is an increased risk of fire.24. Clean claim history: Keep a clean claim record without placing small claims, sometimes it makes sense to simply repair a small damage rather than claim it: you should consider both aspects: your deductibles and potential raise in premiums.25. Rebuilding vs. market costs: Consider your rebuilding costs when choosing an insurance coverage, not the market price of your house (market price can be significantly higher than real rebuilding costs).26. Welcome discount: Some insurers offer a so called welcome discount.27. Avoid living in dangerous locations: Nature effects some locations more than others: avoid flood-, or earthquake-endangered areas when choosing a house.28. Neighbourhood: Moving to a more secure neighbourhood with lower criminal rate will often considered in your insurance premiums.29. Centrally-connected alarm: Installing an alarm connected to a central monitoring system will be recognized by some insurers in premiums.30. Monitoring: Having your residence / apartment / condo monitored 24 hour can mean an insurance discount. e.g. via a security guard.31. Hydrants and fire-station: Proximity to a water hydrant and/or fire-station can decrease your premiums as well.32. Loyalty: Staying with one insurer longer can sometimes result in a long-term policy holder discount.33. Water damages: Avoid buying a house which may have water damage or has a history of water damage; a check with the insurance company can help to find it out before you buy the house.34. Decrease liability risk: Use meaningful ways to reduce your liability risk (e.g. fencing off a pool) and it can result in your liability insurance premiums going down.35. Direct insurers: Have you always dealt with insurance brokers / agents? Getting a policy from a direct insurer (i.e. insurers working via call-center or online) often can be cheaper (but not always) since they do not pay an agent/broker commission for each policy sold.36. Plumbing insulation: Insulating your pipes will prevent them from freezing in winter and reduce or even avoid insurance claims.37. Dependent students: Dependent students living in their own apartment can be covered by their parents’ home insurance policy at no additional charge.38. Retirees: Those who are retired can often get an additional discount – since they spend more time at home than somebody who works during the day and thus can prevent accidents like a fire much easier.39. Leverage inflation: Many insurers increase your dwelling limit every year by considering the inflation of the house rebuilding costs. Make sure this adjustment is in line with reality and that you are not overpaying.40. Credit score: Most companies use your credit score when calculating home insurance premiums. Having a good credit score can help you to get lower insurance rates.41. Stability of residence: Some insurers may offer a stability of residence discount if you have lived at the same dwelling for a certain number of years.
Various people have different needs. So the credit card suppliers too have designed different type of cards. Besides the normal credit cards, there are small business cards for small business and then there are student credit cards which are designed especially for students.Now, what is different about the student credit cards?You could say not much, since all credit cards work in pretty much the same way and are used for more or less same purposes. However there are 2 main differences with the student credit cards and these differences are on the 2 main aspects i.e. Credit limit and APR.The credit limit for student credit cards is generally very low. This typically ranges from $500 to $1000 per month. Some people might argue the reason for such discrimination. Well, the reason is very clear and obvious. Most of the students applying for these credit cards have never used a credit card in their life so neither do they have a credit rating and nor the knowledge about credit cards. While the former is what the credit card suppliers look for before supplying the credit card, the latter is what the credit card holder would like to acquire. Both the purposes are met by keeping a lower credit limit. The credit card supplier reduces the risk that they are taking by issuing a credit card to someone who has never used one and has no credit rating. It’s good for the credit card holder too since this reduces their risk of damage which can be caused by limited or no knowledge of credit cards and by bad spending habits. Moreover, this credit limit would be sufficient for the needs of a student in general.The APR on the student credit cards is generally higher than that on the normal credit cards. Again the reason for this is same as that for lower credit limit i.e. the credit card company or the credit card supplier is after all into business and has to take steps to mitigate any possible risks including the risk arising from issuing a credit card to someone who is naïve in terms of credit card knowledge.The credit card companies might also keep some stricter terms and conditions on the student credit cards and generally require a parent or a guardian’s signature as a guarantor.Since credit cards are more of a necessity than a convenience in today’s world, the student credit cards are much recommended, especially as a learning tool in getting the students prepared for the life. Due to their inherent characteristics of low credit limit etc, student credit cards cannot lead students into a totally irreversible debt situation. Students should read all the instructions supplied with their student credit card. This first credit card will teach them how to protect themselves from credit card fraud, where all to use their credit card, how to control their spending, what the various membership benefits are etc. The earlier they learn these things the better it is.Moreover, the student credit card will also help you in developing a good credit rating. You shouldn’t take the student credit cards lightly. If you overspend on your student credit card or default on your credit card bill payments, you will not only end up paying interest on your credit card balance but also spoil your credit rating. Remember that a bad credit rating will not only hamper your chances of getting another credit card later in your life but will also lead to problems in approval of your mortgage/car-loan applications etc.So student credit cards are a surely a good way for students to start with credit cards.
Whenever government takes over an industry, regardless of which country or which sector, shortages will soon follow. This is because the free-market mechanism has been altered due to regulation, legislation, nationalization, or perhaps due to antitrust laws. More often than not we see this in socialized countries. We see it United States with utilities, and other so-called “natural monopolies” also. In fact, we’re seeing it right now with ObamaCare. Although we haven’t seen the shortages yet, we will, there are already signs.
There have been a number of mergers with health insurance companies, hospitals, HMOs, and medical device companies as everyone readjusts to the future Affordable Health Care Act. When there are shortages the price goes up, and when the price goes up too much, the government will institute price controls. One only has to look at the history of governments meddling in business, industry and economies to see this is true.
Now then, there was an interesting piece in the Wall Street Journal on August 13, 2013 titled; “Flood Insurance Prices Surge – Law Passed by Congress Before Sandy Is Causing Sticker Shock – and a Backlash,” by Siobhan Hughes which noted that; “the $24 billion cumulative loss for the National Flood Insurance Program.
The government says they have no choice but to raise the price. Isn’t that interesting? If it were left to the private sector the price would eventually fall in line, and it would be reality based. It would be based on risk, region, and the potential for a real flood, overflowing river, early ice melt, tsunami, storm surge, or what have you. Insurance companies are not stupid, they do their homework. They use the same ERSI software that the GIS experts working in government and their consultants use. They also use the same map when it comes to probability and risk.
Okay so, perhaps you can understand why I find it fascinating that the government is raising prices when it provides the insurance, but wants to institute price controls further exacerbating the challenges they’ve caused by manipulating the free-market system when it comes to the Affordable Health Care Act. If you ask me this is a bit of hypocrisy, but that’s how government does things. Recently the Kaiser foundation had done a study about the increase in health care insurance plans, showing that they have and will continue to increase. How can they not, I ask? And Kaiser went mellow on the recent price increased and future estimated costs (I believe underestimating it all by a factor of 30).
Still, the government has told health insurance providers that they may not charge more than 20% for the administration of their healthcare plans, and they must spend at least 80% on actual medical services. Really? The government usually spends 45% of whatever it gives out in administration costs. Meanwhile the government tells the insurance companies how to run their business, using approved methods, designed by the same government which cannot possibly live with its own mandate of only 20% administration costs.
In an ideal world we like to think that everyone makes more than enough money each month to meet all their financial requirements and everyone knows how to budget and save. Also in an ideal world we can plan for everything that will happen to us, there are no unexpected financial shortfall, expenses or bills. Unfortunately we don’t live in an ideal world and sudden unexpected financial woes can turn our world upside down. As a result there will always generally be a niche demand for payday loans.Apart from the fact that unexpected financial burdens or shortfalls that do occur in our lives from time to time, there are many other good reasons why people still continue to seek out for payday loans. One alternative to short term funding via payday loans is to use credit cards. Although credit cards are a useful means of payment, there are many places that only accept cash payments and don’t accept credit cards. Hence cash is still king so if you live and work in Australia you will still need physical cash to get by. The good news is that in Australia you won’t have a hard time searching for a reputable payday loan lender that will offer you a loan when you need cash it in a hurry.The other attractive thing about payday loans, is that there are no prolonged waiting periods before you receive a formal notice of approval for your loan. In a lot of cases, you could even receive cash within 1 hour. And another bonus for payday consumers is that the loan can be released by the lender and directly deposited into their bank account without even the need of visiting the payday store.Here are most of the reasons why you still need to keep an open mind regarding payday loans, however caution is always wise:1. Payday loans can help when stores have no credit card facilities.Even in today’s economy credit cards are still not accepted at some merchant stores, who prefer to accept cash only. Or it could be that the emergency amount you need is greater than the limit on your credit card. So as useful as credit cards are in a lot of cases, payday loans are a handy compliment to have to help you with your financial situation.2. Payday loans can help with bills that fall due before your next pay day.Often we have due dates on our bills that fall due before our next pay day, especially if we get paid on a monthly basis such as a mobile phone bill, car registration, insurance premium or electricity bill. So to help us with our budgeting and to cover all the different bills that fall due at different times in the month, applying for payday loans are a convenient way to obtain funds to meet these demanding financial stresses in our lives. Payday loans could play the role of our pay day income before we receive our next pay packet to take care of bills that need to be paid immediately or a bill that unexpectedly pop up. In many instances the late payment or penalty charges on these bills could exceed the rates charged by payday lenders, so payday loans can be a solution of eradicating these existing debts. The attractive thing about payday loans is that you could have a cash payment of up to $2000 within the hour or paid to you the very same day or next week day once your loan is approved. The process of getting a loan approved for payday type loans requires no or little security, is hassle free and depending on which payday lender you submit your application with, they will even approve you for a loan if you have bad credit. The money can even be transferred directly into your bank account without you need to visit the payday lender.3. Payday Loans can help with maintaining a good credit profile.It’s not a good idea to make late payments on your credit card as a late payments could stay on your credit profile for 5 years and affect your credit rating. So if you have a minimum due balance you have to pay on one credit card, you can’t use another credit card to pay that due balance unless if you are doing a balance transfer from one credit card to another credit card. The solution to this could either be if you have a line of credit on your home to use that to pay your credit card balance or you if you don’t have a line of credit then you could apply for a payday loan. If you just use payday loans to pay off the minimum due balance on your credit card, it could help you keep your credit card balance current and to maintain a good credit rating with the banks and overall borrowing capacity.4. Payday loans can help with important things you don’t want to miss out on in life.Have you ever seen something you always wanted at the shops and it’s on sale but the sale is only for a limited time but your pay day is not until after the sale ends? Or have you got a birthday celebration that has arrived before your next paycheck? Or may a chipped tooth that makes you look unattractive if you walked into work with it. Or you might be stressed out at work and need to take a mini vacation before you burn yourself out. Are these things necessarily an expense? Perhaps not, but are they essential? Most would argue that they are. So for times like these, payday loans can help you not to miss out on the important things in life that you don’t want to say no to, delay or postpone. As you can see payday loans can help you take the stress out of life and to help you to maintain a healthy emotional balance besides helping you maintain a good credit profile and history.