Credit scores and insurance premiums are intricately linked in many parts of the world, especially in the United States. Insurance companies often use credit-based insurance scores to assess the risk associated with insuring an individual. The rationale behind this practice is the belief, supported by statistical data, that there’s a correlation between a person’s credit…
Say you’re shopping for insurance, and your agent recommends an insurance rider to add to your policy. Perplexed at the offer, you scratch your head and ask, “What does an insurance rider do?” Simply put, insurance riders are an additional provision or modification to a basic insurance policy to provide additional coverage options. Think of…
It’s no secret that the insurance industry has been hyper-focused on client acquisition these past few years. While it’s all well and good to land new clients, there’s one equation that most people forget when it comes to the success formula. What is it, you ask? Well, it’s none other than client retention. For insurance…
Have you ever found yourself in a situation where you purchased an insurance policy, but feel like your assets are still at risk? Don’t worry, you’re not alone. Plenty of people buy multiple policies to secure coverage for the same purpose. But you may be wondering, “Is double insurance worth it?” In this blog post,…
Insurance plays a pivotal role in safeguarding individuals, businesses, and assets from unexpected financial losses. However, navigating the world of insurance can be daunting due to the abundance of complex terminology. Whether you’re a first-time policyholder or looking to brush up on your insurance knowledge, this article will help you better understand the common insurance…
Navigating the world of insurance can feel like a complicated process, especially when you plan on bundling insurance policies. If you want to save a considerable amount of money, then buying multiple types of insurance from the same provider is a sound idea. But how do you go about bundling insurance policies to ensure you…
So you’ve submitted an insurance claim, and after waiting for a couple of days, you find out from the insurance company it got denied. This experience can prove quite disheartening, but it’s essential to stay calm and take proactive steps to address the situation. Understanding why your claim was denied, reviewing your policy, and knowing…
So you’ve just started your freelancing journey and want to learn more about your insurance options. While freelancing comes with many advantages, such as flexibility and the ability to choose projects, it also exposes individuals to certain risks. This is where insurance plays a crucial role in protecting freelancers from unexpected events that could disrupt…
When it comes to insurance, most people are familiar with basic policies like home, auto, and life insurance. But what about umbrella insurance? If you own plenty of huge assets and want to expand your coverage for peace of mind, then you may want to consider umbrella insurance. Umbrella insurance proved to be valuable when…
As the number of insurance fraud cases continues to increase, it is crucial to understand how these illegal activities work and how insurance companies and policyholders can avoid them. Fraudsters steal around $308 billion annually from American consumers, making the insurance industry one of the most vulnerable to sharp practices. In this article, we’ll discuss…