Archive for the ‘General News’ Category
How To Compare Insurance.
When in the market for insurance there are so many options that finding the right insurance can be very complicated. Every single insurance company claims to be offering the best for your money, but how can someone know if that is true? The best way to know it is by making a comparison on insurances available the apply to your specific needs. But how do I compare insurance?
First it is important to understand what the specific insurance is covering. If it is car insurance, it is important to take a very close look in the coverage, not only in the price. Car insurance can vary considerabley and can cover just third-party damages but not damages caused on the owner’s car. Also can cover medical bills caused on that accident but just for as specific amount of money, not for the total of the injuries. It is very important to make sure that the coverage you purchase actually applies to your specific needs I.E. Homeowners does offer some medical coverage but it isn’t health insurance.
Another thing important to look at is the insurance cover legal fees that are included in the price of the policy or not. This little detail can be the difference between a cheap insurance or a normal one that will cover everything and will protect the owner no matter the circumstances. Another important factoer to consider is the kind of service the insurance company gives if the car needs to be repaired. Some companies allowed the owner to take the car to their preferred shop while others require the owner to take the vehicle to their own shops.
Time also is important, to take a good look in the time that company guarantees to pay the amount of the car in the event of a total lost is very important. Some companies offer 30 days or less while with others it can take several months, this is also a very important point to compare. If it is a health insurance, the comparison must include all the health problems that the policy covers. Some health insurance doesn’t cover genetic diseases by example, or may not cover high hospital bills in the case of a long-term illness. Health policies are very complicated and it is very important to make a comparison not just based on the price. To read always all the clauses in the policies will guarantee a complete satisfaction.
Another good point to take is if the insurance company can bundle the different policies that are needed and therefore, offer better terms and rates. In many cases when a car – house – health insurance is purchased, companies tend to give better prices for more complete coverage. In this case is very important to contact a broker and explain the total insurance necessities to obtain the best option available. As always, comparison is usually based just in the price of the quotes but it is very important to keep in mind that quotes will not protect the patrimony that is under insurance. To make a real comparison with the good and bad in every policy and not just taking care on the price is the best way to obtain the best for the amount that has to be paid.
Well it has come time to say goodbye to 2011 and welcome in 2012. From all of us @ Monument Commercial Insurance Agency to You and Yours we wish you a safe and enjoyable New Year.
We thank you for the opportunity to be of service during 2011 and look forward to working with everyone in the new year to come.
Dean Markham, President / CEO
Monument Commercial Insurance Agency