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.
When people first encounter an insurance company they almost always come in contact with an entity called an agent. According to the definition of agent in any glossary, an agent is someone who represents a company’s product, a middle man if you will. In this case the agent represents an insurance carrier. Read More…
The FDIC protects depositors of insured banks located in the United States against the loss of their deposits if an insured bank fails. If you have deposits in a U.S. bank and whether or not you are a U.S. citizen, your deposits are insured by the FDIC. Since the FDIC began operation in 1934, no depositor has ever lost a penny of FDIC-insured deposits. Read More…
Travel insurance is one of those items you don’t need until you need it. Not all of us travel great distances in the country or leave the country at all. Hence, the need for travel insurance is non-existent or minimal. 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…