Insurance: September 2009

Key Tips to Choose the Right Insurance Brokers
By J.J. Yong

For new comers finding the best insurance policy for themselves, can easily find that it is very trouble-some and time-consuming to search for the right kind of Insurance. For this group of people, they would rather pay to get such service from those who has been specialized in this area, such as the insurance broker.

Here are some of the key tips to take into account when selecting for the right insurance brokers. The candidate should be someone,

• Who is familiar with your financial goals and objectives, risk tolerance, and death benefits considerations

• Who is well aware of all of the Life insurance products available in the market with each of their pro and cons

• Who does not give any pressure to you to buy any specific product

• Who does not have any preference of any insurance company over the other

• Who have great relationship with most of the life insurance companies, are able to get you more options to choose from, and who can advise you're the best deals anytime

• Who are able to answer your questions in terms of Insurance policies such as the short-comings of different Insurance plans, the Insurance rates, flexibility of adding riders, ease of changing your beneficiary, tax benefits, and many more.

• Who has massive Insurance policy knowledge and experience to guide you through when you are in doubt. Bear in mind that inexperienced broker /agent might provide wrong information to their clients, which might potentially risk their customers in getting the wrong Insurance policy.

• Whom has received good mouth of words from their customers, such as your friends, relatives, colleagues, neighbors, or financial institutions. Someone with a proven record of providing good customer experience, who listens and care about their clients are the top selection priority.

• All insurance brokers must be state licensed. You may check with the state Insurance Bureau if the Insurance broker which you are interested to deal with is with the necessary state licenses.

• Find out if the Insurance broker has received any major customers' complaints before, and if any are found, investigate for the real root cause of such complaints.

• Ask for the A.M best rating of the insurance company recommended by the insurance broker. The Insurance broker needs to be able to share with you why he believes that the policy or the insurance company works best for you.

Therefore it is wise to take your time to evaluate the credibility, reputation and the promptness from each of the potential Insurance brokers recommended by friends or family members. Don't rush into finalizing any of these insurance brokers before going through thorough evaluation and comparisons.

For more information about cheap life insurance and term life insurance quote, visit LifeInsuranceEssentials.com.

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How to Choose an Insurance Company
By Coleen Bennett

If you're like many people, you've probably had the same insurance company for years. Until recently, my auto and home insurance were with the same company my parents used.

We can all call around and get the best rates on the minimum required auto insurance. This is probably where most of us started when we were young drivers with no assets to protect. At some point you buy a house. You call your car insurance company if they offer homeowner's insurance, or maybe you go with the person that your Realtor or escrow officer recommends.

Now a few years go by. Your earning power has increased, but you've never really thought much about insurance. It's past time. Insurance is a big deal, but many of us don't think about that until it's time for a claim and then it's too late. Where I live in California, the local news carried stories of fire victims a few years ago. The insurance companies set up shop at the shelters. Some customers were well taken care of. Others were very unhappy with the decisions they had made.

I'm sure many of the unhappy homeowners made choices based on prices alone. While price is important, you need to consider other things as well. How stable is your insurance company financially? How do their current customers rate them on customer service and claims? J.D. Power and Associates rates insurance companies on a variety of factors, including pricing and overall satisfaction. Consumer Reports has an article in its September 2009 issue about homeowner's insurance. Most of these companies provide a whole range of insurance, including auto insurance. Take a look at the companies that come out on top of these reports and call them for quotes. Make sure you're comparing the same coverage, deductibles and limits.

You also need to figure out how much and what types of insurance you need, but that's a topic for a different day.

Coleen Bennett has been writing for about a year. When she does something like shopping for insurance, she researches it thoroughly and enjoys writing about it to share her findings. She also maintains a website where you can find solar panels for sale and research solar panels prices.

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