Assigned risk plans are probably best know in the auto insurance market because they exist in every state. An assigned risk plan allows drivers to obtain auto insurance if they are unable to buy it in what is called the regular, or voluntary, market. Generally when you can’t acquire insurance in the voluntary market, you’re known as a high risk driver. That’s when assigned risk comes in.
It is no secret all states require motorists to carry auto insurance. However, the state falls far short when it comes to explaining all those terms that make up an auto insurance policy. Read More…
There are always the “What ifs”. Things like – “What if I get sick, how do I pay my bills” or “What if I have a fire, how do I keep my business running”. Simply put, the one thing you do not want is to have the business you have labored so tirelessly to build to hit a financial snag. Read More…
Obtaining insurance quotes can be quick and easy or a laborious all day job. The laborious job comes into play when you call every insurance agency in the phone book. However, this method has quite a benefit. Read More…
The common misconception about an insurance claim settlement is that they happen after the fact. The truth is insurance settlements are structured at the time the policy is purchased. Read More…
Insurance companies use a consumer’s credit score as an underwriting tool for setting rates. A credit score is nothing more than a method of determining the likelihood credit users will pay their bills.