Do you own a home? Are you in the process of buying a home? Do you hope to one day own a home? Do you own any assets other than property? Like stocks, bonds, CD?s, mutual funds, or have a savings account? Do you own any assets that can be traced through an asset search?

If you answered yes to owning any of the above-mentioned assets, then you need to understand how to protect those assets in the event you cause an automobile accident, or someone driving your vehicle is at fault in an accident. Your bodily injury and property damage coverages are the coverages on your auto insurance policy that financially protect you if you are at fault in an automobile accident.

If you are determined at fault in an accident and do not have adequate liability coverage, that is enough to cover the injuries and damages to the other party, and you are sued by the other party?s insurance company, the court could order you to pay the amount that exceeds your limit of Liability coverage.

You would, then, have to dip into your personal assets to cover the amount ordered paid by the court. The court could place a lien on your home and other assets if the other party?s insurance company requested it. Even if you don?t own any assets, but you have a career and a steady job, you could have a judgment placed on your credit report. This could affect your ability to borrow money for up to seven years.

Therefore, if you own a home, bank accounts, stocks, mutual funds or have a reasonably well paying job and career, you should buy more Liability coverage than the minimums required by law.

Anyone in this position should have a minimum amount of liability coverage on their auto insurance policy to protect those assets. Most companies recommend bodily injury liability of $100,000.00 per person, $300,000.00 per accident, and property damage liability of $100,000.00 per accident.

Keep in mind the cost of medical and hospital treatment today as well as the cost of any new luxury vehicle. The minimum liability standards for most states were selected years ago and are seriously outdated. How many cars driving on the highways today cost more than fifty thousand dollars? Lots!

Umbrella policies are also available in one million dollar increments to give you additional liability protection if you are ever involved in an at-fault accident. These policies are usually very cost effective. Your auto or homeowners insurance carrier should be able to quote you on this type of policy.

Copyright 2006 Barry Brenner

Barry Brenner is a licensed auto insurance agent and the author of Money Saving Tips About Car Insurance. For the consumer edge on understanding car insurance, you can subscribe to his popular newsletter at: http://www.moneysavingtipsaboutcarinsurance.com

You’ve just received your long awaited drivers license and it’s time to start getting behind the wheel. Congratulations! Along with the good news on getting that brand new drivers license comes the bad news of having to get car insurance for the vehicle you’ll be driving. And if you’re a teenage driver with that new license the cost of auto insurance can be astronomical.

It doesn’t have to be as bad as it seems though. There are some ways to get a few discounts and ease the pain of these high premiums. It is going to take some time and a little searching on your part, but getting lower cost car insurance is possible. Here are a few tips to help you in what to look for when shopping for car insurance for the new driver.

? Shop around. I know that sounds pretty basic, but you’d be surprised at how few people do this. We tend to just take the word of a friend who says this insurance agent is who they use and we just buy from them. No, it pays to do some looking around. Compare the different policies along with the price. You’ll be surprised at the many differences you come across.

? Shop online. Buying car insurance online is becoming very popular. It is a very convenient way to buy insurance these days. You can find many different insurance companies online and get quotes instantly. Be sure to check this out.

? Ask the insurance agent about any kinds of discounts the company offers. Even though you’re a new driver, there are still discounts that you may qualify for.

? The type of vehicle you are going to be driving will play a huge role in the cost of car insurance. Will you be driving a hot new expensive sports car? Of will you be driving an older less expensive car? I know it is tempting to want the sports car, but if you’re looking to save money on car insurance, pick the less expensive car.

? Have you taken a drivers education course? Insurance companies may give you a discount for that. Again, ask the agent about this and see if they do in fact offer a discount.

? Are you a teenage driver going to high school? How are your grades? Insurance companies will give out good student discounts to new drivers. This discount could be as high as 10%. Having good grades can really pay off.

? Drive safely. You can keep your car insurance premiums as low as possible by not getting tickets, or having accidents. Never drink and drive. A clean driving record will help you save money on your car insurance both now and well into the future as well. Keep in mind that driving is really a privilege and with it comes a lot of responsibility.

These tips should help you with finding the lowest cost auto insurance possible. Don’t get frustrated. Have patience and ask questions. You’ll find the best policy that fills your needs.

Michael Russell

Your Independent guide to Insurance

Most individuals make life decisions with a lot of caution and judicious planning. Getting life insurance is significant decision that leaves no room for imprudence and negligence. If the main aim of life insurance is to secure the future of loved ones, then it has to be carried out with a lot of responsibility.

Given these factors, along with the complicated intricacies, insurance jargons and financial technicalities, making a decision about a certain life insurance policy is often a daunting task for most individuals. In this scenario, seeking out a life insurance quote from the best financial advisors and experts in the industry is the best bet. One thing that has to be remembered is that a policy should not be bought from even the most impressive sales person without researching it adequately and comparing quotes with other policies from different companies.

It is always best to shop around for the best policies. There are many online and offline agencies, as well as individual financial experts, who can be consulted and can aid in giving the best quotes. Being insurance-literate enables a person to have an intelligent and informed discussion with the various insurance agents and company. This leaves no room for being duped or making the wrong decisions.

Some of the factors that appear daunting to most people is how much coverage is require, which insurance policy will suit an individual?s budget, whether a lifelong or term policy is appropriate, what are the best alternatives for individuals who have a high mortality risk, what are the penalties for cancellation, and so on. Agencies and companies which offer quotes give information only after a discussion with the client which enables them to find the best options that suit an individual?s needs.

These agencies generally ask questions like, how many dependants and children are there in the family, whether one is married or single, what are the expectations from insurance policies (i.e., is it purely for protection or some investment and cash value expectation), and so on. It is always better to compare a lot of specific insurance plans before buying a policy.

Life Insurance provides detailed information on Life Insurance, Life Insurance Quotes, Term Life Insurance, Whole Life Insurance and more. Life Insurance is affiliated with Life Insurance Policy Rates.

Many people now are purchasing various forms of insurance policies and also enrolling in insurance plans. The fact that both people and property can be insured gives people the assurance that no matter what happens, their investments will not be just put to waste.

What insurance plan is purchased is a decision that interested parties need to make. In order to assist people in making these decisions, there are online insurance quotes that provide people the chance to compare and contrast insurance plans and policies.

What are Online Insurance Quotes?

It is important that a person knows the insurance premium or the amount of money that he must pay when he purchases an insurance policy or insurance plan. The amount then gives him the chance to know if he has the capacity and capability to purchase one or not. The act of providing the amount and doing the computations on an insurance plan is referred to as an insurance quote, and when a quote is made available on the Internet, then this is what we call an online insurance quote.

These online insurance quotes are very helpful to people who are planning to buy an insurance plan or policy. With insurance quotes, a person can contrast and compare insurance plans and policies before deciding. Thus, these online insurance quotes assist people in deciding what kind and which insurance plan or policy is the best buy for them.

Are These Online Insurance Quotes Free of Charge?

There are some websites that offer online insurance quotes free of charge. However, you may chance upon other websites that also offer online insurance quotes for a certain fee. This is mainly because these paid online insurance quotes provide more options compared to those offered for free. There are also some sites that provide a person insurance quotes from various insurance companies so that the person can better compare policies.

Online Insurance Quote provides detailed information on Online Insurance Quote, Online Car Insurance Quotes, Online Term Life Insurance Quotes, Online Health Insurance Quotes and more. Online Insurance Quote is affiliated with Free Online Car Insurance Quotes.

You and I. M. Strong, the adjuster from Granite Mountain Insurance, are sitting at your kitchen table in an attempt to settle your motor vehicle accident claim.

Strong is all wound up and on the offensive, rambling on and on about how your injuries weren’t serious. His typical pitch usually goes something like, Look, I’ve been at this a long time. I’ve talked to people like you, day in and day out, for over twenty years. People who’ve gone through exactly what happened to you, with the same sort of claim as yours. Sure, you had a period of discomfort but your so-called injuries were routine. Believe me when I tell you they aren’t worth much.

You?re stunned. You can’t believe what Strong is trying to pull. You say, I?ve been miserable! There was no way I could get back to work because of the pain in my neck and back.

Strong shift’s in his seat and a victorious look (one that says he knows it all) begins to march across his face. At that point he predictably states, Look, I can tell you, after handling thousands of cases like yours, that the discomfort you may have had, for a couple of days at the most, are relatively minor. They don?t even come close to justifying the three week?s of work you lost and the disability you and your doctor are claiming.

Now you’re thunderstruck! He smiles to himself and comes at you from another angle, I’ve seen thousands of cases like yours and I’ve had more than my share of exposure to personal injury claims, examinations, doctor-talk and recovery – - the whole nine yards. I’ve seen physical trauma at its slightest and its worst. Any judge or jury would know, once they heard about your so-called ?injuries? that your physical problems were almost non-existent.

He’ll take a minute to let that sink in and then he’ll attempt to sway you even more by telling you he can prove your time lost from work was not compatible with the injury involved. He’ll hint around about some independent information he’s supposedly gathered from your neighbors and/or business associates, which indicate you?ve been involved in very active physical activities since the accident.

Once he lets that one sink in he’ll ramble on about the independent examination the doctor hired by Granite Mountain executed, telling you, with outrageous confidence, that his doctors Medical Report states there was little, if anything, wrong with you. Then he?ll surely try this one on for size: ?My doctor is a professional .The only people he ever sees are those who?ve been in motor vehicle accidents. That?s what he does all day long, check out personal injury claims like yours. His report clearly states your physical problems were almost non-existent?.

He hums a happy tune to himself as he observes the amazement marching across your face and that drum beat he?s heard so very often begins to pound away within the gray matter between his ears: Boom/Boom/Boom, declaring, ?I gotcha!, I gotcha!, I gotcha!, I gotcha!?

If you let Strong get away with that than his attempt at downgrading your disability will have been successful. As a way of proving what happened to you wasn?t serious he?ll describe your ?so-called injuries? with fancy medical language and then compare them to the more extreme types of personal injury problems or conditions he’s dealt with in the past. The implication being yours were obviously minor and have little, if any, value.

At that point he’ll read the statements and opinions in your own attending physicians Medical Report in such a way which, if not read properly, he’ll insist proves, ?You may have been a little sore from a slight injury but it clearly states you certainly didn’t have any serious physical problems?. (You can bet every dollar in your wallet that he?s made that statement several thousand times)!

You’re quickly discovering that neither Adjuster I. M. Strong nor his supervisors at Granite Mountain Insurance are going to be fair. They’re out to take advantage of you. That?s the name of their game and that?s what they get paid to do. Question: Is that really true? Answer: Yes, it?s really true. Take it from Dan, I was on that firing line for 30 years!

From that point on you shut down. You be the listener. Let him babble on. When he’s finally done, you say, Your points about my injuries are very interesting. I’d like to discuss them in detail with my doctor?. Pause and then add, ?We’ll call this off for now while I go back and consult with him.

Before he answers you should get up, smile, point towards the kitchen door and bid him Goodbye. If he balks, sneak a peek at your watch, tell him you’re late for another appointment and insist your meeting is over. He’ll have no choice but to leave.

If you do that here’s what you’ll have accomplished:

(1) You’ll have seized the bargaining momentum and control from the adjuster and, if you remain adamant he’ll never get them back.

(2) Served notice on him that it’s you, not he, who will now call the shots in the negotiation Power Game he’s been playing.

(3)Impressed the adjuster that the settlement will be done on your terms, not his.

You may ask: Okay, I threw the adjuster out and let him politely but surely know I?m not going to buy into his nonsense. So, when this all gets played out, what have I accomplished?

The answer is: I. M. Strong is aware you?ve not bought into his pitch and in his secret heart he perceives that reality. For those in the home office (so as to know exactly where they stand) his instructions have always been that everything that passed between the two of you is placed into the report?s he continues to send in, regarding the settlement talk?s he?s been having with you. So, the fact that you?re not buying his story, will go into your file to be read by that adjusters superiors.

Once they do they?ll have no choice but to conclude that you?re no pushover!

You?re going to stick to your guns because you?re right and the Medical Report your attending physician executed for Adjuster Smart is legit. You know that both your ?pain and suffering? and the length of recovery from your injuries, has been clearly stated.

Smart has correctly assumed that you?re not accepting his usual pitch, filled with mumbo-jumbo nonsense, yet so often works. It?s beginning to dawn on him if he doesn?t change his tactics you?re going to hand you case over to an attorney and his superiors at Granite Mountain won?t be dancing for joy should that come to pass.

Wait five or six weeks then call Smart and ask him to come back to talk some more. I flat out guarantee you the next time you meet the power will have shifted into your corner and you’ll never again hear him attempt to minimize your injuries. That often comes to pass because he?s received this typical six word, one line memo, from his supervisor at the home office, ?Settle this one and move on?.

Granite Mountain will have reached the point where they?re satisfied to pay and get rid of you. Why? Because personal injury claims continue to pile up and clog their incoming pipeline. They?ve got a lot of other unsuspecting prey to trap and shoot and it?s clear you’re an individual who?s too wise, too tough and too difficult for them to fuss with any longer.

DISCLAIMER: The only purpose of this claim tip is to help people understand the motor vehicle accident claim process. Neither Dan Baldyga nor (name of magazine/newsletter and/or web site) make any guarantee of any kind whosoever; NOR to substitute for a lawyer, an insurance adjuster, or claims consultant, or the like. Where such professional help is desired it is the INDIVIDUAL?S RESPONSIBILITY to obtain said services.

Dan Baldyga’s latest book AUTO ACCIDENT PERSONAL INJURY INSURANCE CLAIM (How

To Evaluate And Settle Your Loss) can be found on the internet at his web site http://www.autoaccidentclaims.com or visit your favorite bookstore.

Copyright (c) 2002 Danil G.Baldyga. All Rights Reserved

Dan Baldyga

About The Author

For 30 years Dan Baldyga was a claims adjuster, supervisor, manager and also a trial assistant. He is now retired and spends his time attempting to assist those involved in motor vehicle accident claims so they will not be taken advantage of.

dbpaw@attbi.com

Term life insurance is generally the cheapest form of life insurance, but it?s not the only option. Unlike term coverage, in which only the face value is paid out upon your death, a whole life policy accrues a cash value.

In order for the cash value to increase, money over and above that which is necessary to cover the premium must be collected. Because of this, whole life insurance rarely will be the cheaper of the two.

With a whole life insurance policy, a portion of the premium you pay will be used to invest in mutual funds, stocks, bonds or other type of interest bearing investment. Even though whole life is not as cheap as term life insurance, such a policy can make sense if it?s managed properly.

Benefits of Whole Life Insurance

One of its best benefits is that it will cover a person for his or her whole life. Once the policy is purchased, it will never have to be renewed. It will remain in effect until you die provided you do not allow it to lapse or be compromised in some other way. In addition, the amount you pay for the premium will never change which makes it easier when you?re trying to budget.

Another benefit is that you have access to the cash value the policy accrues. You can borrow against the cash value just as you would another type of loan. No one has to approve a loan made against your whole life insurance cash value. You are the one who gets to decide how you?ll use the money.

If you?re not restricted to purchasing only the cheapest life insurance, whole life is an option worth considering. Universal life insurance, which is a variation of whole life insurance, gives you more flexibility in your premium, the term and death benefits, but this flexibility does come with increased risks.

However, since universal life insurance premiums are flexible, it sometimes is the cheaper of the two.

The potential disadvantages

Whole life insurance does have its downsides. One is that it?s not possible to guarantee a rate of return on your investment so it may not pay the dividends you expect. Another fact worth noting is that a whole life policy probably won?t have a cash value until a minimum of 3 or even 5 years so if you surrender the policy during this time, expect it to be costly.

The debate rages on as to whether it makes sense for anybody, regardless of age, gender or marital status, to purchase anything other than the cheapest term life insurance policy.

Some critics believe that if you took the extra money you?d pay in premiums and instead deposited it into a savings account or other low-risk interest bearing account, you?d accrue more savings. True or not, whole life is an option many people do take advantage of.

And while it may not be the cheapest form of life insurance, it does seem to meet the needs of those who purchase it.

About the Author Find Cheap Life Insurance in the UK. You will not believe our low rates.

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