Homeowners Insurance – Are You At The Mercy Of The Insurance Company

Homeowners Insurance – Are You At The Mercy Of The Insurance Company

You’re paying for the service, but they hold all the cards. What home insurance companies aren’t going to tell you is that you’re paying too much for the premium or that they could drop your coverage arbitrarily if you file one too many claims.

Five Things you’ll Never Hear Insurer’s Say:

“We have our own caste system.” 
The terms of your home insurance coverage may change at renewal time if you’ve filed more than the average number of claims within a short time period. 
The insurer will offer this new coverage so that they can continue to cover you even though your risk profile has increased. All insurers slot clients based on a variety of factors including where customers live, credit history, and occupation. 

home insurance
Homeowners Insurance

Even if a customer’s risk category doesn’t change significantly, they might still be moved from “preferred” status to a more expensive one.
Tip: If you’re no longer in the “preferred” category, ask them, “Why?” The insurance provider may be able to move you back to “preferred” status, or you might decide at that point to shop around at other companies. Remember that while your home might be considered “high risk” to one carrier, another might see you as a “preferred” customer. More info here @ https://falconins.com/home-insurance/

“Anything out of the ordinary makes us really nervous.” 
It’s common knowledge that if you live near the water or in an earthquake riddled area; insurers won’t be climbing all over each other to get to you. While regulations can’t force an insurer to work with you, some insurers use illegal underwriting guidelines that immediately redline or discriminate against groups or specific locations. 
Agents have admitted that they get memos from corporate identifying “undesirable” zip codes or tips on how to avoid people going through traumatic times such as divorce or separation.
Tip: Don’t be afraid to complain if you think you’re the victim of discrimination. An elderly woman felt she was denied coverage because she applied for insurance with “an additional non-relative listed as the named insured.” She felt all other information was acceptable to the insurer except for her buying the home with a companion. The woman hired an attorney and with the help of the American Civil Liberties Union was suddenly insurable.

“One wrong move and we’ll drop you…” 
Insurance providers seem to be tightening the proverbial belt, narrowing the kinds of claims they’ll cover. You may find yourself in a situation where you file just one claim and get dropped. In some cases, insurers don’t wait for a claim to drop clients. The trouble is, once you’ve been dropped, you’re less desirable to other insurance companies.
Tip: Insurance companies don’t make it personal. They crunch the numbers and know that if you get hit with a disaster once, you might more easily get hit again.

“Especially now that Big Brother is watching.” 
In an age of informational overload, you might feel that nothing about you is sacred to anyone. Home insurance companies have access to a version of your credit report that gives them insight into your current and past behavior patterns. Insurers say these kinds of reports help them eliminate unwanted customers who might try to falsify their claims history. 
Insurers see customers as guilty until proven innocent. Once an individual is categorized as a “high-risk” applicant and rejected by one insurer, another is not likely to provide coverage.
Click on this link @ https://falconins.com

“We’re more secretive than the CIA.” 
Try this experiment. Call your provider and ask them how many claims you would have to file in order to be categorized as “risky.” You’ll probably find that they won’t give you a straight answer. Despite any written guidelines, insurers are not charged to share that kind of information with you. 
Tip: Be careful. If a provider doesn’t have written guidelines, they can make decisions much more subjectively.

Falcon Insurance Services Inc.
6812 Bandera Rd #201,
San Antonio, TX 78238

https://drive.google.com/drive/folders/1oI_oEHQ2vlcdvcOeMKt4kdq1OOOPB3R7
https://goo.gl/maps/8tFJesbwvEMu3xjv8

Getting The Right Car Insurance Prevents Financial Disaster

Getting The Right Car Insurance Prevents Financial Disaster

Buying the right insurance for your car is essential to prevent financial difficulties when an accident occurs. The article below will describe how to ask the right questions from your broker or agent, what coverage to buy and how to avoid duplicate coverage. Read the article and ask the right questions from your insurance professional.

Before you purchase a vehicle, look into how much it will cost to insure the car. Your insurance agent can advise you on the models of cars that can save you money on your premiums. If you’re in the market for a new or previously owned vehicle, insurance rate info could be a big factor in your choice. You can save on your insurance policy by choosing a model with a very good safety rating.carinsurance

If you have a teen driver you should request two separate quotes, one with your child on your policy and one with your child on a stand-alone policy. Sometimes it is a wiser financial decision to get your teenager their own separate policy.

Make sure you keep your license clean. When accidents and tickets are on your driving record, your insurance costs can go through the roof. If you cannot avoid an accident or a driving citation, look into going to traffic school to clean up your record and lower your insurance.

To save money on insurance, ride public transportation or ride with co-workers. Insurance companies pay attention when policyholders act in a responsible manner, and driving less reduces their risk, so they will lower your premiums. Try to use public transport more often, and you may be eligible for a discount.

Sharing a car between various members of a family can make your auto insurance premiums go up. Having only one name attached with each car will net you a better price on your insurance.

When you are looking into getting car insurance, you need to know and understand the coverage types. There are many things that go into your final cost of insurance. If you are at fault in an accident, bodily injury liability coverage will cover injury and death claims, as well as legal costs.

Property damage liability is an important thing to have on your auto insurance policy. This coverage will include any damage you may have incurred during an accident. All but three states actually make this a requirement. When you’re in a bad accident, the property damage can be expensive. Therefore, by having a high amount of coverage in this area, you may actually save money.

Raising the amount of your deductibles is a great way to save money on insurance. It is a risk, but for people who are able to save up money for the deductibles, it is a smart way to save money. You will have a lower premium if you have a higher deductible.

Remember that the annual cost of a car insurance policy is just one factor of many that must be considered. Look at how good the actual policies are when comparing companies. For example, what are the deductibles? What is your level of coverage? What kind of limits can you expect?

When thinking of buying aftermarket car additions, check with your insurance company on how much they will cover if ever your car gets damaged or stolen. Some insurance policies will only repay the value that such parts add to the car’s total value, which can be much lower than the cost of replacing them.car insurance

Consider removing some of the coverage from your insurance policy that you no longer need. For older cars, it is not really important to have collision insurance. Remove this coverage from your insurance and you could save a large amount every month. Comprehensive and liability coverage are some other things you may want to consider cutting.

Car insurance is required to protect you, your passengers, and the other driver, or drivers when there is an accident. The time following an accident, especially if you were injured or your car is inoperable, can be very difficult. Having the best insurance options for you can make this time a little easier. Use the tips in the article you just read to choose coverage that meets your needs.

Falcon Insurance Services Inc.
6812 Bandera Rd #201,
San Antonio, TX 78238

https://drive.google.com/drive/folders/1oI_oEHQ2vlcdvcOeMKt4kdq1OOOPB3R7

https://goo.gl/maps/8tFJesbwvEMu3xjv8

Insurance Info – Property Insurance

Insurance Info – Property Insurance

Did you know that Property Damage Liability Coverage will only pay for the damages you cause to another person’s car and possibly personal possessions that were damaged as a result of an accident that you are at fault for?property insurance Insurance

Property damage liability coverage will also pay for other property such as a tree, mailbox or any object you damaged in an accident. The amount of your property damage insurance is described on the Declaration page of your insurance policy and is usually a separate top page. You must check your coverage limit to be sure it will adequately protect you if the property damage coverage is not high enough. For example, in Texas the minimum property damage limit sold is usually $25,000.00. So if you cause an accident with someone driving an expensive foreign car like a Ferrari or Bentley even a small dent will cost more than $25,000.00 and you could be sued and personally responsible to pay for any amount over your coverage limit. So if you have other substantial assets to protect you should maintain at least $100,000.00 of property damage coverage to protect yourself from having to pay out of pocket for the cost of repair or replacement above your insurance coverage.

This coverage however, will not pay for any repairs to your vehicle or property that was damaged in an accident. Some insurance policies exclude coverage for payment of personal property damaged in an accident, such as cell phones, i-pods, etc. More on this website