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What is an insurance score?

An “insurance score” helps insurance companies determine if you qualify for insurance based on their underwriting guidelines. It’s similar to a credit score used by creditors (such as credit card issuers and mortgage lenders) to assess your creditworthiness. Credit-Based Insurance Scores This article refers to credit-based insurance scores, which are numbers used to illustrate your...

An “insurance score” helps insurance companies determine...

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Will my premium go up if I file an insurance claim?

Insurance Q&A: “Will my premium go up if I file a claim?” Short answer: Yes and no. Every claim is different and the details of your particular claim will dictate whether or not your insurance premium will go up and by how much? Different states have different rules as well, so be sure to seek state specific...

Insurance Q&A: “Will my premium go up if I file a clai...

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Insurance Topics

Below is a list of insurance topics broken down by category. We cover everything from car insurance to flood insurance to workers compensation, so you should be able to find an answer to any insurance-related question here. If for some reason you don’t, please contact us and we’ll add your insurance question to our to-do...

Below is a list of insurance topics broken down by category....

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Instant Proof of Insurance

For many of us, purchasing insurance is a hassle, generally done at the last minute to avoid any sort of penalty. We might talk to an insurance agent once a year to renew our policies. For an increasing number of people, it’s even less frequent than that. Many people buy their insurance online and let...

For many of us, purchasing insurance is a hassle, generally ...

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What is an insurance deductible?

What is an insurance deductible, and how does it affect your experience with your auto insurance policy? Simply put, an “insurance deductible” is the amount of money you must pay for an insurance claim, prior to an insurance company paying out any money for your loss or incurred expenses. Some policies have multiple deductibles based on...

What is an insurance deductible, and how does it affect your...

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Independent Agent vs. Captive Agent

There are many ways to purchase a personal insurance policy these days, whether it be online, over the phone, or in person. Captive and independent insurance agents sell countless policies to homeowners, car owners, and many others looking for reliable insurance products. If you look into the full range of insurance products sold on the...

There are many ways to purchase a personal insurance policy ...

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Switching Insurance Companies

We are bombarded daily with radio and television ads urging us to “switch insurance companies” and save big bucks. Let’s face it; these commercials would not be running so often if they didn’t work…and they wouldn’t work if it weren’t true that we could save some real cash. But these commercials have been aired for...

We are bombarded daily with radio and television ads urging ...

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What are the benefits of insurance and why does it exist?

Most of us think of insurance as a necessary evil at best. We rarely, if ever, see the benefits of purchasing insurance…other than making insurance companies and executives filthy rich. For one reason or another, many people believe they shouldn’t have to buy it, or perhaps think it’s a waste of money, and probably wouldn’t...

Most of us think of insurance as a necessary evil at best. W...

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Glossary of Insurance Terms

Below is a “glossary of insurance terms” for your convenience. If the term warrants it, there will be an extended definition on a separate page. If your insurance company or independent agent is throwing complicated insurance terms your way, use this insurance glossary to make better sense of it all. As with all things financial,...

Below is a “glossary of insurance terms” for you...

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Insurance Archives

Below is a list of all the posts we’ve written on this website aside from the dedicated pages, which you can find in the insurance help topics section of our site. If you’re looking for an old post, you’ll find it here. Of course, it might be easier to just use the search box to...

Below is a list of all the posts we’ve written on this...

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How do insurance companies make money?

Here’s a question you’ve either heard before or have asked yourself: how do insurance companies make money? Ever wonder how insurance companies are able to advertise nonstop and hire the top athletes in the world as spokespeople? How does insurance make money the same way that physical goods and everyday items do? It seems outrageous...

Here’s a question you’ve either heard before or ...

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Top Ten Insurance Companies in the United States

There are a number of companies, such as A.M. Best and Standard & Poor’s, which rate insurance providers on various financial strength aspects in order to help consumers make more informed decisions (insurance company ratings). If you’re in the market for for an auto insurance policy or really any sort of coverage for your personal...

There are a number of companies, such as A.M. Best and Stand...

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What is premium financing?

Most of us are familiar with homeowners and auto insurance policies, and the fact that they allow us to make a small down payment and then pay the rest of the insurance premium in monthly installments – it’s just how it works. This can also be true when you own a small business. Not everyone has...

Most of us are familiar with homeowners and auto insurance ...

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What happens to an insurance premium when a deductible is lowered?

Insurance Q&A: “What happens to an insurance premium when a deductible is lowered?” Almost everyone is covered by some type of insurance policy, whether it’s health insurance, auto insurance or life insurance. If you have ever bought an insurance policy, you have probably heard about premiums and deductibles. So how do these terms impact one...

Insurance Q&A: “What happens to an insurance premium w...

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What is an insurance premium?

Insurance Q&A: “What is an insurance premium?” Seems like about half of our weekly paychecks! Right? Well, hopefully it’s not that bad for most of us. Jokes aside, an insurance premium is just a fancy industry term to describe the price you pay for insurance coverage during a given period of time, whether it’s one...

Insurance Q&A: “What is an insurance premium?” Seems...

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What is an insurance declarations page?

A “declarations page,” or “dec” page, is a policy document in your insurance policy that provides an overview or snapshot of your coverage. The declarations page is an important component of your insurance policy because it contains important information regarding certain aspects of your insurance contract, which may vary by insurance company. It can be...

A “declarations page,” or “dec” page, is a policy do...

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What is a CLUE report?

If you’ve been shopping for insurance lately, you may have come across the phrase “CLUE report” once or twice, but just what is a CLUE report? Insurance companies have multiple reporting tools at their disposal to determine what to charge you for auto insurance or homeowner’s insurance. These include your auto CLUE report, motor vehicle...

If you’ve been shopping for insurance lately, you may have...

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How to Negotiate with Insurance Companies

If you’ve recently been in a car accident, you may be asking yourself,  “how can I negotiate with my insurance company?” In order to get the maximum settlement, this should be something you’re thinking about. Your insurer is going to end up giving you an insurance adjuster to work with, and it’ll be up to...

If you’ve recently been in a car accident, you may be aski...

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Do insurance quotes affect your credit score?

Is Car Insurance a Hard Inquiry? Insurance Q&A: “Do insurance quotes affect your credit score?” The current economic environment, along with the daily reminders we get about the importance of our credit score, has us all wondering if shopping for insurance will affect our credit score, and subsequently cost us money in the long run....

Is Car Insurance a Hard Inquiry? Insurance Q&A: “Do in...

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Is Your Insurance Agent Working for You or Their Commission?

Every day, scores of consumers visit local insurance agents, putting their trust in them in the hopes of saving some hard-earned money. What they ask is simple.  Find the lowest rate with the best coverage.  Not too difficult, right? Well, you may be surprised to find out how your agent chooses the insurer they place...

Every day, scores of consumers visit local insurance agents,...

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