Auto Insurance Tag

3 Oct 2017

A discussion about deductibles

If you have any kind of insurance - and who doesn't - you have likely paid or at least, discussed a deductible with your insurance provider. The basics are pretty easy to understand: You, as the policyholder, agree to pay a certain amount or percentage toward the overall claim paid by your insurer. In the case of auto or home insurance, the amount of your deductible usually ranges from a few hundred to a few thousand dollars. But why do deductibles exist anyway? It's a matter of shared risk. The insurer pays the claim, and in turn, you are rewarded with a lower insurance premium. Generally, the higher the deductible, the lower your premium cost. While it may not seem like much,...
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2 Jul 2012

Can You Insure Anything?

If you thought about what types of insurance you have, we could probably only think about the most common ones. We all think about health, life, homeowner’s, auto, motorcycles, collectibles and boat coverage.  Most of us don’t know it, but you can get insurance on just about anything for a premium.

Have you ever thought about celebrities?  They’re insuring body parts.  Yes, insurance companies offer policies that pay if something damages the appearance or functionality of a body part. I think we would all have to seriously ask if insuring a body part was worth it.   For most of us, the answer is undoubtedly no. But if you’re Peyton Manning, maybe he would think it was worth it to have an insurance policy on his right arm. Celebrities have also been known to insure their voices.  Wonder what the cost to insure would be?

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