With every change in life you face, make sure to ask yourself, “Am I protected?”. One major focus on this website is to help people, like you and me, maintain financial stability. One way is to help customers save more on insurance costs, hence “low-insurance.org”, and the other way is to make sure the insurance we choose properly protects us from any financial hardship that being uninsured/underinsured can cause. We must remember, Insurance is like our “body armor” to our setbacks in life.

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Example Setback:

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Your son or daughter has been accepted to college. Your thrilled for their success and cosign for them to get a studio apartment just a couple blocks away from the school. One Saturday night comes along and what time is it? Party time. The party gets a little out of control, a fight breaks out and someone’s kid catches a right hook. This puts the kid in the hospital for months. The student must of fell off the balcony or something. A lawsuit follows. Being the parent and the cosigner of the apartment, you find yourself being sued for 80,000. How prepared were you for this battle.

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There are going to be many times in life where it may be wise to determine whether an additional insurance policy is something to look into. Whether you buy a new car, an above ground pool, a collection of rare art or even a territorial dog take a minute and weigh out the risks. Depending on the risk, you may want to consider enrolling into an insurance coverage to protect you financially.

One of the biggest concerns with classic car owners is getting the correct amount in return for claims made.  For example if you own a 68 camaro, you may find the book value on the car to be extremely lower than its real value.  These days, its hard to find a nice 68 camaro under $20,000.  In the event of an accident, it’s important to the owner to get the true value back from the insurance company..

.The solution to this is to request an optional coverage known as stated-amount coverage.  What you do is take pictures of the interior and exterior of the car.  Send the pictures as well as a market value appraisal, ordered from a trusted appraiser, to your insurance provider.  Your camaro will then be listed on the policy for the true value and so will your premium.  It may be wise to re-appraise the car every 6 months to make sure your classic is listed correctly on the policy.  The value of cars like this are continually rising and for something like this, you want to be properly covered.