Insurance Fraud Raises our Rates
Although so many of those who attempt fraud get caught, some will slip through the cracks. What does this mean for the rest of us? You guessed it, our rates are adjusted to make up for these types of loss. I say, “What a crock!” We continue having to pay for the crimes others commit; not only through taxes but through increased insurance rates as well as security systems. When you come to think about it, most insurance policies both... [Read More...]
Insurance Basics, Insurance Facts, Principle of Indemnity
Principle of Indemnity Diagram So what is insurance. Insurance is defined as protection against a financial loss. Insurance is here to protect us against the common risks we face on a daily basis. Risk is defined as a chance of... [Read More...]
Student Risks, Student Insurance Options
As a student it pays to really know how to shop around for the insurance coverage you need. The cost of attending a new school or even moving away from home can be exhausting. Cutting costs wherever possible is key to a more comfortable transition. The Risks Students Face: Driving Risks There are many risks students face when they move away from home to attend a new University. Unfamiliar traffic lights and new scenery may lead to a higher risk... [Read More...]
Insurance Risk
Saving money where we can is an important skill we must build when it comes to surviving; especially in Today’s economy. While some people tend to cut back on their day-to-day spending, others are looking for new ways to save money on things that they must pay. One thing that we’ve found, at Low Insurance and Security, is more people are looking for low cost insurance solutions to assist them with their budget. Insurance premiums can really... [Read More...]
Waukegan Illinois Insurance, Illinois Insurance Coverage
Number of ways for Waukegan drivers to find a cheap auto insurance rate. First off you have to determine exactly how much coverage you need. With the more coverage you to add to your policy the higher your insurance rate will go. Many people get coverage they necessarily need. It happens every day. Somebody has a $1500 vehicle and kids collision coverage added to the policy. In then turn around and choose a $1000 deductible to lower their premium.... [Read More...]
Should Bad Credit Matter
An insurance shoppers credit rating can make a significant difference in their insurance premium rate. I often ask myself, should this really matter? Goodness, how many families have went into foreclosure due to our struggling economy? I’m not a credit expert but it’s pretty obvious having a foreclosure on record will lower one’s credit rating. [Read More...] Read More →
Shopping for Personal Insurance Coverage
When shopping for personal insurance coverage, most if not all independent insurance agencies will not charge any fees. You may wonder if Independent Agents can provide the same discounts as you would recieve when working directly with an Insurance Carrier. [Read More...] Read More →
Insurance Perils and Hazards
The definition of a peril is, “the cause of a potential loss”. The definition of a hazrd hazard is, “the condition which increases the risk or seriousness of a loss”. There are four types of hazards known to the insurance professional. Physical hazards are the first which include hazards which arise from structural or operational features of the situation. For example a slippery floor or a huge tree branch in the middle... [Read More...]