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Auto Insurance Discounts

You probably hear a lot about auto insurance discounts; television commercials for various companies strongly advertise all the discounts they have Beautiful girl enjoying her new caravailable. Most insurance companies do have many ways you can qualify for better rates, and some of them are better known than others. Although you won’t qualify for all of the discounts, you can make certain you are getting all the appropriate discounts on your premium.

Multi-policy Discounts

Insurance companies want to get as much of your business as they possibly can, so they offer good discounts when you add more policies to your account. Multi-policy discounts can include options such as multi-car, auto/home, auto/life, and many other combinations of policies. Some companies even offer a discount if they insure your boat or RV. Qualifying for these discounts is easy; simply start a second policy with your insurance company, and the discount should apply.

Good Driver And Longevity Discounts

These discounts are easy to qualify for as well. If you have a good driving record, you should be getting the discount automatically. The same usually goes for a longevity discount. This is a discount that applies to your policies after you have been with a company for a certain period of time. Often the longer you continue to renew the policy, the larger the discount will become. The key to longevity discounts is to stay with one company long enough. Skipping from company to company for lower rates may not save you as much in the end as staying in one place.

Discounts For Younger Drivers

There is no question that adding a young driver to your policy can be an expensive proposition. If you have a teenager new to driving, inquire about a good student discount that can alleviate some of the cost. You will likely be required to provide a transcript proving your child has the required grade point average to qualify. Some companies also offer a new driver training course, and your young driver can qualify for a discount just by taking the course. It can usually be done right in your agent’s office. Not only will you save money, but you will help put safer young drivers on the road.

These are just a few of the discounts you may qualify for with your insurance company. Each company is different, so be sure to ask your agent so that you don’t miss out on potentially big savings on your premiums.

 

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Understanding Health Insurance

Health insurance can be complicated; there is no doubt about that. While it is difficult to understand all theLife Insurance & Investments Lakeland, Florida details of your health insurance policy, there are a few terms you should familiarize yourself with to make it easier to read and understand your policy. These basic terms will help you to shop for and make sense of your health coverage, so take a minute to learn and understand them.

Copay And Co-insurance

This is the amount you are expected to pay when you visit a doctor, go to urgent care, or to the emergency room. These terms are often used interchangeably, but they are a little different.

There are usually four different co-pay amounts for four separate types of doctor visits. The lowest co-pay is generally the one you pay to visit your regular doctor, pediatrician, or obstetrician. Often, a slightly higher co-pay is charged for a visit to a specialist. This can include specialties such as dermatology, ear, nose and throat (ENT) specialists, surgeons, and many more. Finally, there are usually two set co-pay amounts for either an urgent care or emergency room visit. Emergency room visits usually carry the highest co-pay amount.

Co-insurance usually refers to a percentage of the total cost that you are required to pay, especially for more unusual treatments and tests.

Deductible

Much like your auto insurance, a health care deductible is the amount you are expected to pay before your benefits kick in. Co-insurance amounts do not usually count toward fulfilling your deductible requirements. In most cases, regular office visits also won’t be charged toward your deductible. Things like lab work, medical tests, and hospital visits are the types of costs that will count toward your deductible. Once you have paid out the full amount of the deductible, your policy will cover everything else at the set amount.

If you have other family members on your policy, you may have two deductible amounts-one per individual and one per family. Once the family limit is met, no further deductible payments are required.

Out Of Pocket Limit

Most insurance policies carry a yearly out of pocket limit; this means that there is a limited amount of money you will have to pay out of pocket in that year. After this limit is reached for the year, insurance will cover the rest of your medical care in full. This limit protects you in the event of a serious illness or injury that results in a lot of medical bills.

Please contact us for more information.

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If You Let Your Auto Insurance Coverage Lapse

car-insuranceIf you let your auto insurance coverage Lapse it doesn’t seem to be that serious of a matter on the surface. It is not only illegal to drive without insurance; it can also have much more serious consequences than a ticket for driving without insurance.  A lapse in auto insurance can have far-reaching results with the potential to affect your entire life.

 

Legal Aspect

 

All drivers are required by law to carry a minimum liability policy in order to get behind the wheel. This protects all of the drivers on the road by ensuring that in the event of an accident, the at-fault party will have insurance to pay for the damage and in some cases have to carry a sr-22 filing.

 

Financial Consequences

 

If you think you can’t afford to pay your insurance premiums, then you really can’t afford not to pay them. If you are involved in an accident where you are found to be at fault, and there is no insurance to pay the damages, you will be responsible for the first 10,000 dollars if you cannot they will suspend your licence. In a more serious accident with a lot of property damage and injuries, this can add up really quickly.  You may not have the thousands of dollars to pay the bills, but with a judgment against you your wages can be garnished and other assets placed in danger.  Not paying that insurance premium can lead to paying off a huge amount of money for the rest of your life.

 

Future Insurance Premiums

 

Some insurance companies won’t even take a driver who does not have previous insurance, while others will simply charge you a higher premium. A lapse in your old policy can mean that you will no longer qualify for the rates you were getting before.  You may lose discounts including longevity with your insurance company, or be treated as a higher risk to the company.  You may also have to make a new down payment or pay reinstatement fees.  It can take a while to work your way back up to getting the better rates reserved for the company’s best customers.  Some insurance companies may also have a limit on the number of times you can lapse before they refuse to reinstate you.

 

A lapse in your insurance policy can be much more costly than had you simply continued to pay your premiums. If you are having trouble paying your insurance bill, talk to your agent about ways to reduce your prices, rather than allowing a lapse to occur in the first place.

 

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Record Keeping

Keep Good Records For Your Insurance

You have homeowner’s insurance to protect your home and everything in it from an accidental and unexpected incident that causes a major loss. If something catastrophic like a fire should occur, you will be called upon to provide a list of everything that was in the house, and in some cases, even proof.

To protect the insurance company from paying out fraudulent claims, an insured may be asked for photographic or other evidence of valuable possessions. Here are some easy ways to be sure you keep good records of your home and its contents.

Documented Evidence

For expensive and valuable possessions, it’s a good idea to keep purchase receipts and appraisals where appropriate. These things, being paper, won’t survive something like a fire, so purchase a fireproof box in which to keep them or arrange for storage off-site. Ask a friend or relative to hold onto them for you, or place them in a safety deposit box if you have one. Some insurance companies will also scan these items for you and keep them in their computer system for future reference.

Photographic Evidence And Video Evidence

One of the most popular ways to keep records of your personal property is to take photographs, and again, keep them somewhere safe. When taking photos of your items, bee sure they are clear and where possible get close-up shots of model and serial numbers, especially on electronics.

Digital cameras have made it easier than ever to store large numbers of photographs, and you can backup your photos to a server where they can be kept safe in case they are needed and the original files have been lost or destroyed.

Photographs can also be used to document the features of your home so that should it need to be rebuilt, you can return it back to its original state.

Video cameras are also a popular choice for documenting your home, as you don’t need to snap a picture of each individual item, but can pan the room, zoom in where necessary, and just keep one file with all of the evidence you need. Again, digital video makes it easy to store the files in a safe place where even a total loss of your home won’t damage it.

A good record of the things inside and outside of your home helps your insurance company to restore you to your position prior to the loss. The more information they have, the easier it will be to reconstruct your home and replace your possessions. It’s up to you to create and store this evidence, so take the time to make sure the records are created and kept safe.

Lock Insurance is proud to introduce our premier mobile app “Insurance Agent”

Manage, update and protect your family, business and property right from your smartphone.

“Insurance Agent” is designed to put you in control and provide help:

  • Quick Agency Access.
  • Electronic Auto ID.
  • Easy Policy Management.
  • Convenient Claims and Bill Pay connections.
  • Auto Accident Claims Kit – make sure every driver in your house has this app!
  • Effortless Property/Home Inventory tool – Invaluable for policy reviews, claims, estate planning.
  • Important Alerts and Notifications.

These mobile services are free to our valued clients and friends.

Download the Insurance Agent mobile app below:

Apple App Store

Google Play Store

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The Right Health Insurance For You

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Health insurance has changed dramatically in the last 3 years. Before The Affordable Care Act of 2010 (ACA)  aka Obamacare, people who had pre-existing conditions would not be eligible or be discriminated in premium hikes due to their health. Since the ACA, no insurer could charge or deny you coverage based on your current health or pre-existing condition.

 

The Affordable Care Act mandated plans both inside and outside of the Health Insurance Marketplace to offer 10 Essential Health Benefits to everyone without discrimination; emergency services, hospitalization; maternity and newborn care; mental health and substance use disorder services, including behavioral health treatment; prescription drugs; rehabilitative services; lab services; preventive and wellness services and chronic disease management; and pediatric services, including oral and vision care.

 

Today, families and individuals can qualify based on family size and income to help them with the cost of the monthly plan premiums called a “tax credit”.

 

There are policies available for those who do not wish to participate in the Marketplace, those plans still cover the 10 Essential Health Benefits. When someone chooses not to enroll into a Marketplace plan, they will not have the option to see if they qualify for a tax credit to help them with the monthly plan premiums. Being enrolled into these plans will keep you from being penalized for not having health insurance.

 

Dental and Vision plans are not included for adults in the health plans. They are offered separately and there is a wide range of plans to choose from to fit your budget.

 

When you become eligible for Medicare, whether it’s be because you turned 65 or have been on disability for 24 months, we also offer a wide range of Medicare Advantage Plans and Supplemental Plans as well.

For More Information!

 

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Product Liability Insurance, Do You Have Enough Coverage?

You know that if you manufacture any sort of product you need to carry a special type of liability insurancerisk called product liability. This is designed to protect you from any claims made against your company based on injuries or damage that your product might cause to the public. Every company owner has seen the type of lawsuit that product liability protects against, but most believe it is unlikely to happen to them. This could be true, but if it does happen to you, wouldn’t you rather be prepared instead?

Don’t Take A Chance

Do you believe your product is safe; of course you do, you have gone through all the necessary procedures to make sure it is. So while you acknowledge that you should have product liability, you probably think a minimal amount of coverage should be just fine. This line of thinking is especially common in products that are not really seen as potentially dangerous. After all, you don’t make chain saws, you make stuffed toys!

While it is true that the type of product you make can determine how likely it is that you will one day be facing a lawsuit, this shouldn’t be the deciding factor in how much coverage to carry. When you take out a lower policy based on your belief that you are not in a high risk category, you are taking a chance that really is not worth taking.

How Much Coverage Do You Need?

The answer to this is very simple. As with any liability policy, the best course of action is to take out as much as you possibly can. If you make a product that isn’t seen as a high risk, your premiums should be quite affordable. And if you make a product with potential dangers, you need to pay that premium no matter how high, because a lawsuit will cost much more.

Liability insurance is one of those coverage options where the people who claim they can’t afford it are the ones who need it most. Paying for the insurance now is much better than paying out on a settlement later. Sit down with your insurance agent and find out how much coverage you have for product liability, as well as how high you can go.

Product liability is an area of insurance that is growing all the time as recalls are more and more common and lawsuits even more expensive. No matter what your product is, this is not an area of your insurance in which you should not cut back on.

Call us today to Discuss.

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Health Insurance For Families

medical picturesStarting a family is a major undertaking and will change everything about your life. Now that you are responsible for the health and wellbeing of your children, having good health insurance takes on a whole new meaning. When you are single, it is easy to shrug off the importance of health coverage. Now that you have a family, your policy will need to offer a whole lot more.

Maternity And Beyond

Before you need health coverage for your child, you will need coverage for the pregnancy. The nine months prior to birth and the delivery itself will put a big strain on your wallet if you don’t have good coverage. That’s why it’s important to plan ahead for starting a family. Good prenatal care will give your child the best start in life, so be sure you are covered for it.

Health Care For Children

In the first few years of life your child will need regular well visits with a pediatrician as well as many vaccinations for protection from dangerous childhood diseases. In fact, it may seem you are constantly headed to the doctor’s office with your child, and that’s just when they are healthy. With their immature immune systems, children are susceptible to all kinds of illness, from colds to ear infections and more. Expect to visit the pediatrician several times a year for illness. Because children are also clumsy and impulsive, especially in the toddler and preschool years, they are also prone to accidents that may send you to the emergency room.

Your health plan has to be up to the task of keeping your child covered through all of the bumps, bruises, fevers, and mistakenly swallowed items that are such common parts of growing up.

What To Look For

When choosing a health plan for your family, look first for good maternity coverage, unless you have already had children and don’t plan to have more. Next, you will want something with low co-pays for office visits, since you will probably have a good number of those. Also check on what you would be expected to pay out of pocket for an emergency room visit. You will usually be responsible for a co-pay unless the child is admitted to the hospital. In that case, a different sort of co-insurance may apply. Check what percentage of emergency room bills and hospitalization is covered under the plan.

Family health plans carrying deductibles generally have a per person deductible as well as a family deductible that has to be met. These are good numbers to know when comparing health plans.

If you are switching health plans and would like to keep your current pediatrician, you will want to look for a PPO
Contact us today for more information.

 

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Health Insurance For Families

Starting a family is a major undertaking and will change everything about your life. Now that you are responsible for the health and wellbeing of your children, having good health insurance takes on a whole new meaning. When you are single, it is easy to shrug off the importance of health coverage. Now that you have a family, your policy will need to offer a whole lot more.

Maternity And Beyond

Before you need health coverage for your child, you will need coverage for the pregnancy. The nine months prior to birth and the delivery itself will put a big strain on your wallet if you don’t have good coverage. That’s why it’s important to plan ahead for starting a family. Good prenatal care will give your child the best start in life, so be sure you are covered for it.

Health Care For Children

In the first few years of life your child will need regular well visits with a pediatrician as well as many vaccinations for protection from dangerous childhood diseases. In fact, it may seem you are constantly headed to the doctor’s office with your child, and that’s just when they are healthy. With their immature immune systems, children are susceptible to all kinds of illness, from colds to ear infections and more. Expect to visit the pediatrician several times a year for illness. Because children are also clumsy and impulsive, especially in the toddler and preschool years, they are also prone to accidents that may send you to the emergency room.

Your health plan has to be up to the task of keeping your child covered through all of the bumps, bruises, fevers, and mistakenly swallowed items that are such common parts of growing up.

What To Look For

When choosing a health plan for your family, look first for good maternity coverage, unless you have already had children and don’t plan to have more. Next, you will want something with low co-pays for office visits, since you will probably have a good number of those. Also check on what you would be expected to pay out of pocket for an emergency room visit. You will usually be responsible for a co-pay unless the child is admitted to the hospital. In that case, a different sort of co-insurance may apply. Check what percentage of emergency room bills and hospitalization is covered under the plan.

Family health plans carrying deductibles generally have a per person deductible as well as a family deductible that has to be met. These are good numbers to know when comparing health plans.

If you are switching health plans and would like to keep your current pediatrician, you will want to look for a PPO.

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How To Shop For Health Insurance

If you have always had health insurance provided through either a family member or your employer, life insurance and investmentsshopping for health insurance yourself might be something new to you. It isn’t quite as daunting as it sounds; if you have shopped for auto or homeowner’s insurance, it is fairly similar. There are a few key things to keep in mind that will help make the task a little easier.

Talk To An Agent

If you already have an insurance agent, it’s a great place to start. Even if the agent who handles your other insurance policies doesn’t do health insurance, they should be able to point you in the direction of someone who does. An agent who works with health insurance regularly will be able to help you make a decision on coverage and what type of plan is right for you. They will also help you fill out the necessary forms and make the entire process a little easier.

Choose An HMO Or PPO Plan

Once you know which type of plan you prefer, it becomes easier to narrow down the list of possibilities. Which type you prefer depends on a number of factors including your budget and your personal preference. In some cases, going directly through the HMO company for coverage is the best way to get the right plan for you and your family. PPO plans often come with a wider range of coverage, premium, and co-insurance options, so if you choose this path there will be a little more research to do in order to figure out exactly the way to go.

Understand The Cost And Coverage

When you are shopping for a health insurance plan, be sure you get all the pertinent information and not just the amount of the premium. Ask for the co-insurance and co-pay amounts, deductibles, and out of pocket limits. And ask for a copy of the policy benefits and exclusions; you should be able to review it and ensure that coverage is provided for your particular needs. Look for key coverages such as maternity benefits, regular well visits, and emergency care costs. Don’t hesitate to ask questions about the coverage and find out exactly what you will be responsible for and what the policy will cover.

Asking questions is the key to making sure you get the coverage you need from your policy and don’t wind up with any nasty surprises after you are locked into the policy. Health insurance is a major purchase, so do your research and ensure that your hard-earned money is buying you the coverage you need.

 

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Understanding Why My Car Insurance Is So High

Car insurance rates are dependent on a number of factors, and understanding what your rate is based Auto Insurance Lakeland, Floridaupon can help you determine whether you are getting the best deal available. Here are some of the criteria your auto insurance rate is based upon; this will give you a better idea of the factors determining your rate and what you can do to get the best rate possible.

Age And Experience- These two factors can have the biggest influence on the rates you will be paying for your auto insurance. It had been shown that young drivers are involved in more accidents than more mature drivers. Experience has also been shown to be a factor in accident rates. In most cases, however, an older person who is a new driver will have lower rates than a younger new driver.

Location- Where you live also has an effect on the auto insurance rates you will pay. Areas with more traffic, higher accident rates, and more dangerous weather conditions are seen as bigger risks, and as a result the drivers in these locations are forced to pay higher rates.

Type Of Vehicle You Drive- Several factors related to the type of vehicle you drive will influence your auto insurance rates. Newer cars cost more to repair and replace and therefore you will pay higher rates to insurance a newer vehicle. The make and model or your car, and even the color, can affect your premiums.

Credit Score- While it may not seem obvious or even fair that those with lower credit scores should be seen as higher risk drivers, your credit score does affect your insurance rates.

If you are concerned with the rates you are paying for your auto insurance, it is always a good idea to shop around, even if you’re not due to renew for a while. It will give you a better idea of whether the rates you are paying are fair, and help you find an insurance company that can offer you a better deal once your renewal date has come up.

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