Tuesday, June 10, 2014

Review of internet auto broker::What Is the Job Role of an Mortgage Advisor







Review of internet auto broker::What Is the Job Role of an Mortgage Advisor








The               previous               article               concluded               the               discussion               on               how               to               save               on               variable               costs.

Now,               we               will               move               on               and               explore               ways               to               lower               fixed               expenses               such               as               insurance.

There               are               four               major               types               of               insurances               available               for               your               purchase:               auto,               home,               life,               and               health.

If               you               belong               to               specific               professions,               you               may               also               have               a               particular               insurance               related               to               your               job               added               to               the               bill.

With               the               exception               of               this               last               one,               let's               review               the               others               one               by               one.
               Auto
               When               it               comes               to               auto               insurance,               according               to               SmartMoney               it               is               better               to               check               on               rates               every               year               instead               of               just               blindly               renewing               with               your               current               company.
               Checking               auto               policies               on               the               Internet               is               easier               than               ever               and,               with               companies               such               as               Progressive,               which               claims               to               check               several               companies               for               cost               comparison,               it               will               not               take               long               to               find               out               the               best               deal.

Other               companies               will               check               and               compare               different               rates               on               car               insurance.
               For               example,               Insurance.com               offers               up               to               four               different               rates               from               up               to               twelve               insurance               companies.

You               can               also               shop               for               better               car               rates               at               Insweb.com.
               Aside               from               shopping               around,               according               to               Consumer               Reports               there               are               other               ways               to               cut               down               on               auto               insurance               costs.

One               way               is               to               raise               your               deductible.

The               higher               the               deductible               is,               the               less               money               you               have               to               pay               on               premiums.
               You               do               need               to               make               sure               you               have               the               money               set               aside               to               cover               a               higher               deductible,               should               you               need               to               file               a               claim.

However,               Consumer               Reports               says               it               well               when               it               states               that               insurance               premiums               are               a               reality               while               accidents               might               not               become               one.
               Take               a               look               at               your               vehicle.

If               your               vehicle               is               old,               chances               are               its               value               in               the               company's               book               is               less               than               what               it               would               cost               you               to               keep               comprehensive               insurance.

Insurance               companies               have               a               formula               they               use               to               calculate               whether               the               vehicle               is               worth               repairing               or               should               be               considered               a               total               loss.

When               the               value               of               the               repair               is               higher               than               the               value               the               vehicle               has               in               their               book,               you               will               not               recover               enough               money               to               warrant               the               higher               coverage.

So,               if               this               is               your               situation,               think               about               dropping               your               collision               coverage.
               If               you               have               teenagers               in               the               home,               consider               waiting               a               little               while               before               letting               them               get               the               driver's               license.

They               can               still               get               the               permit,               and               they               can               still               drive               with               a               licensed               adult               by               their               side.

Holding               out               for               a               couple               of               years               on               their               license               might               help               you               get               lower               premiums.

Just               make               sure               they               don't               drive               on               their               own               and               let               your               insurance               carrier               know               you               are               delaying               the               licensing               process.
               When               your               teenager               does               end               up               with               the               license,               many               insurance               companies               give               discounts               for               good               grades               and               defensive               driving               courses.

State               Farm               even               has               its               own               program               that               allows               for               a               discount.

The               young               driver               needs               to               read               a               book,               answer               a               few               questions,               and               turn               it               in.

The               answers               are               then               sent               to               the               central               office               and               the               discount               will               follow,               if               the               answers               are               correct.

Ask               your               insurance               company               for               more               discount               options.
               Home
               Yearly               insurance               shopping               works               for               home               owners               and               renters               policies               as               well.

The               two               previously               mentioned               insurance               brokers               offer               cost               comparison               for               home               insurance               as               well.

Whether               you               are               renting               or               buying,               this               type               of               insurance               covers               you               in               the               event               of               loss               due               to               theft,               fire,               and               storm               damage.

Flood               insurance               is               not               part               of               a               regular               policy               but               can               be               purchased               separately.

If               you               live               in               a               flood               zone               area,               it               will               serve               you               well               to               cost               compare               this               coverage               as               well               with               the               different               companies.
               Ask               the               insurance               agent               for               any               additional               discounts               they               may               offer.

Many               will               discount               the               policy               if               you               have               an               alarm               system.

However,               make               sure               that               the               discount               will               cover               the               cost               of               your               monthly               monitoring               system.

If               you               end               up               paying               more               in               monitoring               fees               than               what               you               would               get               off               on               the               premium,               installing               a               system               may               not               be               the               best               idea.

There               are               other               ways               to               secure               your               home.

After               all,               you               are               trying               to               save               money.
               As               with               the               auto               insurance,               a               higher               deductible               will               yield               to               a               lower               premium.

Check               to               see               what               your               options               are.
               If               you               need               to               file               a               claim,               with               both               auto               and               home               insurances,               before               you               file               it               get               an               estimate               on               the               cost               of               the               repair               without               insurance.

Most               repair               shops               will               charge               a               much               lower               fee               to               the               individual               (possibly               even               lower               than               your               deductible               for               certain               expenses)               than               they               charge               the               insurance               company.

If               that               is               the               case,               don't               file               a               claim,               just               pay               the               out               of               pocket               expense               and               go               on               your               merry               way.

This               will               avoid               a               possible               insurance               premium               hike               due               to               a               claim.
               Life               and               Health
               For               these               two               types               of               coverage,               you               need               to               shop               around               before               you               purchase               them,               but               once               you               have               found               them,               you               better               cling               to               them.

The               older               you               get,               the               higher               the               chances               the               insurance               company               has               to               pay               out.

This               translates               to               higher               premiums.
               Your               physical               and               mental               health               play               a               big               role               in               the               calculations               of               your               premium.

So               do               your               regular               habits,               from               drinking               and               smoking               to               eating               and               driving.

Companies               begin               questioning               your               last               12               months,               but               can               go               back               as               far               as               five               years.
               Most               companies               will               require               a               basic               physical               exam,               done               by               one               of               their               contracted               nurses,               before               they               accept               to               insure               you.

Some               companies               may               offer               a               second               check               to               possibly               lower               the               premium               quoted               the               first               time               around.

If               you               are               quoted               an               amount               based               on               your               current               health               and               you               believe               that               you               could               lower               it               based               on               a               second               physical               examination,               ask               your               broker               if               they               offer               a               second               exam               a               month               down               the               road.
               If               you               purchased               life               insurance               when               the               children               were               young,               and               they               are               now               grown               and               gone               their               way,               ask               your               agent               if               it               might               be               possible               to               lower               the               coverage               amount,               thus               lowering               your               premium.
               If               you               purchased               a               cash-value               insurance               policy,               ask               if               you               can               change               it               to               a               paid-up               policy.

The               benefit               will               decrease,               but               you               will               no               longer               have               to               pay               the               premium               on               it.
               Here               is               a               last               item               to               consider               for               all               insurance               policies.

Most               companies,               if               not               all,               run               credit               checks               on               potential               and               existing               customers.

To               avoid               jumps               in               premium,               make               sure               you               are               up               to               date               with               all               bills               and               check               your               credit               report               for               any               errors.

You               can               check               the               credit               report,               free               of               charge,               three               times               a               year               (once               a               year               per               credit               agency).

You               can               request               all               three               at               once,               if               you               so               choose;               however,               you               won't               be               able               to               monitor               your               credit               for               the               remainder               of               the               year.
               These               fixed               costs               may               be               harder               to               work               with,               but               they               may               still               yield               some               savings.

If               your               goal               is               to               save               as               much               as               you               can               every               month,               in               order               to               build               your               savings,               then               you               may               want               to               look               into               some               of               the               above               mentioned               tips.
               The               next               article               in               the               series,               How               Can               I               Make               My               Home               Energy               Efficient?,               will               take               a               look               at               lowering               the               cost               of               your               utilities.
               See               you               next               time.






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