Auto, Home, And Life The Gateway InsuranceIt would be interesting to discover what is the most common insurance Americans first get on their own. Would it be farm insurance? Aside from that one side journey, cars are abundant in the U.S. There are approximately 6 million car accidents annually across the nation. The three most common auto insurance claims are for fender benders, theft, and whiplash. Distracted drivers are a dangerous driver. It is 23 times higher a chance to crash if silly enough to text while driving. Although accidents do happen, and while not ideal it might not be terrible. However, a driver will have an accident around every 17.9 years so please be an alert driver. Renters insurance is like the middle child between auto and home insurances, but it can be truly beneficial under bad circumstances. Between 2011 and 2016 renters insurance policyholders increased by 12 percent peaking at 41 percent of total renters. Home insurance is understood relatively well by 79 percent of its customer base. That is the amount of aware policyholders that know insurance covers possessions during a home invasion. American homeowners are heavily insured as a group. Almost all of them have the most basic of coverage. Fully 93 percent of all American homeowners have minimum homeowners insurance reliably.
Life InsuranceThe final insurance really is the final insurance. Death is guaranteed after all. Health insurance is really a necessary precursor to life insurances though. According to the CDC over 28.6 million people have no healthcare insurances as of 2016. In 2017 around 84 percent of survey respondents agreed people require some amount of life insurance. As of 2015 an Insurance Barometer Study found that individuals with no life coverage believe it is over three times more expensive than it actually is. Insurances are there as a coverage or safety net. It is always better to be overly prepared than underprepared. Think of it like a winter excursion. It is always possible to take layers off if you have them on when leaving the house, but what are you going to do if there is a flash freeze and you left in flip flops?
Not researching enough providers.As is the case with any type of insurance, it’s important to gather quotes from a sufficient number of potential providers. And don’t just compare the rate — compare the extent of coverage. Even if you’re in a hurry to get insured, it’s always better to invest a bit more time, in the beginning, to ensure you’re getting the coverage you need at a cost you can afford.
Not evaluating your needs and being ready with relevant information.The three most common automobile insurance claims are fender benders, theft, and whiplash. That being said, it’s critical to have the relevant information you need in order to receive an accurate quote. This includes the specific details about your vehicle, your driving habits, and your address. It also helps to try to calculate a rough estimate of the number of miles you drive each month.
Being dishonest on your auto insurance application.Finally, make sure to be 100% honest when it comes to filling out these critical details. Dishonesty will never work out in your favor: “Whatever you do, don’t lie to your auto insurance company when you are getting a quote or making a claim. Doing so can leave you uncovered in case of an accident, cause them to cancel your policy, and put your ability to get a policy in the future in jeopardy…Insurance companies have access to DMV records, so not telling the full truth about your accident history or driving record will be found out,” writes John M. Vincent on U.S. News. Ultimately, there are approximately 6 million car accidents in the U.S. each year, and being aware of the selection process can help you choose a provider you’ll feel safe and satisfied with each and every time you get behind the wheel. For more information about types of insurance, contact us today.
The earlier the betterTechnically, you’re able to receive life insurance policies as soon as your life begins. Of course, you won’t be able to make that decision, but your parents might choose to look into life insurance policies when you’re born. This is the best-case situation since life insurance policies only become more expensive the older we get. However, this is uncommon. Realistically, we get our life insurance policies when we’re older and only after we have a job. So, when do we usually get it?
The actual age we get itTry to take it out in your 20s or 30s. This is a popular age since it’s usually around the time people have kids or get married. However, if you have dependents, it’s better to take it out as soon as you have children or adopt. Finances get tricky when you have people who rely on you as the breadwinner. Additionally, it’s a little more difficult to receive a life insurance policy as you age because you’re at a higher risk of death and illness. This is because our body is more susceptible to harm and various medical conditions as we grow older. This causes our insurance rates to go up and might leave us with a higher premium as we age. If you have dependents, get life insurance sooner than later.
How do I get life insurance?The best way to understand the ins and outs of life insurance policies is to visit an experienced attorney that can walk you through the process. Just like you wouldn’t sign off on any type of car insurance, you need a life insurance policy that works with your needs and the needs of your family. If you want to purchase life insurance, contact Nicholson Insurance to better understand the process. The experienced attorneys will walk you through the steps to obtaining a life insurance policy that works for you while ensuring you’re given the best in customer service.
Preventative Health Care is one of the most important services for people over 65, and one of the best tools offered by Medicare. This is, at least in part, to help offset the extreme frequency with which Americans suffer from chronic conditions: According to the Commonwealth Fund, 87% of older Americans live with a chronic health condition, with 68% reporting at least two or more.
Preventative Health Services and Screening help to catch these ailments in their infancy in order to reduce their effect and eventual cost, both to the person suffering from the disease and on the Medicare system at large, and ease the burden of managing health care expenses.
In the first post in this four-part series, we discussed how Medicare Plan B health insurance covers all the costs associated with most of the more common preventative screenings and services, from diabetes to depression. In this second installment, we will be talking specifically about the types of preventative services that are recommended for men over 65.
Most men should be well verse with colonoscopy exams and other colorectal screening exams by the time they enroll in Medicare, as the starting age should be at the latest 50, these tests become increasingly important as you age. That is because a 70-year-old is almost three times as likely to be diagnosed with colorectal cancer than a 50-year-old. While these exams have been the subject of sitcom jokes for decades, they remain the best way to identify precancerous polyps or early stages of cancer.
Like colorectal exams, the prostate exams should begin well before you have reach Medicare aid, but here, the increased risk as you age is even greater. Between age 50 and 70, the chance of getting prostate cancer in the next ten years more than triples! There are a number of different ways to check for prostate cancer, including prostate specific antigen blood tests and digital rectal exams. Depending on the result of the first two tests, there may need to be a follow up screening.
While these two screening services are specifically more applicable for men, they should also engage in the more general types of screening. In our next installment we will discuss the tests specifically relevant for women.
For over three decades, Glenn K. Tippy and his hardworking staff at GBW Insurance (short for Gerrity, Baker, Williams, Inc.) have strived to protect homes, businesses, automobiles, and even people themselves through quality insurance plans. We caught up with Mr. Tippy to discuss his personal experiences — both good and bad — in operating a small business. What’s it like running a smaller, local business compared to, say, some kind of larger corporate entity? I had spent much of my career running parts of large insurance companies or all of a midsize insurance company. Owning a local or regional business, where you could see the results of working with people, where you would know how the work actually helped people, turned out to be much more important. In a large corporation, there are layers and layers of helpers. In a small business, if the toilet breaks down, either the money to fix it comes out of your pocket or your fix it yourself; either way, you have to have a restroom for the employees. So you learn to do whatever it takes to succeed. Could you describe the best day you’ve ever had as a business owner? One of the days after Hurricane Sandy passed away. When I started answering client phone calls at 4 a.m. because our communication plan worked. When our insurance company partners were able to start taking claims because their disaster plans worked. When our staff members showed up, when they had no power or heat but they wanted to help our clients. When one of our employees slept in her car because she wasn’t sure she had enough gas to get back and forth from home to office, but didn’t tell me because she didn’t want me to order her to stay home — everyone was being paid whether they showed up or not. Our systems worked, and things got better every day for our staff and for our clients. That’s an incredible story! What would you say to aspiring business owners who want to have those same kinds of experiences? Do you have a burning desire to do this? Don’t go if you just think it would be nice to be your own boss. Are you willing to keep going if it takes twice as much work as you expect. Don’t go if you can’t keep going when things are tough. If you can do things better than others and know why someone will pay for that, if you can take bad news but planned for it or are tough enough to fight through, then your own business can make you happier and wealthier than laboring in someone else’s business. GBW Insurance is located at 3 Goldmine Road in Flanders, N.J. You can learn more about their services at www.GBWinsurance.com, by emailing info@GBWmail.com or by calling (973)426-1500.