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Insurance for Asset Protection

admin — Mon, 31 May 2010 04:58:45 +0000

There are many reasons to get insurance. When you have accumulated some wealth, asset protection becomes an insurance consideration. In the olden days you would make your castle larger and then protect against marauders with a moat and high walls. Today most communities don’t allow moats or high stone walls. And the marauders are trial lawyers that could try to take all that you have worked to earn!

A good insurance agent will work with you to have the best possible protection for your situation. It is important to have a balanced plan. You don’t want to have a 12’ front wall and a 1’ rear wall. In insurance terms this means not having $500,000 liability protection for your home in combination with $20,000 liability coverage on your cars.

An example of an asset protection program might include ½ million of liability on a home, autos, RV’s, boats, etc… Life insurance of 7 to ten times earnings can also be a part of asset protection. (Your life and ability to earn is a very important asset!)

The next level could be an umbrella policy. This starts where your other insurance ends off. Umbrella’s often start at a half million and larger amounts are available. Disability, health, and long term care insurance are other considerations.

This article is not enough information to make an insurance plan. My suggestion is to find an insurance agent you trust and develop a plan for your needs. Then update your coverage as your needs change. Texas residents are welcome to contact me at my Houston insurance agency

By: Glenn Lamb

Common Insurance Mistakes To Avoid

admin — Tue, 02 Mar 2010 00:57:38 +0000

Insurance is a product that is purchased with the objective of ensuring financial security in case of any unforeseeable or disaster occurring. Hence, it is important to make sure that the insurance one has is the right type and the amount of insurance coverage is sufficient.

Listed below are some common insurance-related mistakes committed by consumers.

1. Insufficient shopping: There are several companies in the market offering the same product at different rates. However, consumers do not bother to shop around. Hence, many of them end up paying high premiums on their insurance. This can be avoided by obtaining insurance quotes from different companies and comparing their offers.

2. Comparing rates: One common mistake committed by people, who shop around, is to decide on an insurance provider by comparing rates. This is really insufficient as many insurance companies provide worst customer service when it comes to insurance claims. It is important to review the ratings offered by third-party insurance rating companies to decide whether customers are satisfied with a company or not.

3. Not knowing the policy: Many customers do not even glance at their policy brochure. It is important to know what all is included in the policy and what all is excluded from the policy.

4. Comparing agents: This is another common mistake committed by many consumers. They tend to believe each and every insurance agent who knocks at their doors. One should check the license of an agent so as to ensure whether he is registered or not so as to avoid any possible frauds. Next thing to ask an insurance agent is for referrals. By this, one can evaluate the performance and credibility of the agent. Finally, one should never forget to get the policy explained completely from the agent.

By: Pauline Go

Florida Health Insurance

admin — Tue, 02 Feb 2010 17:34:19 +0000

Florida health insurance that meets your health care needs is very essential. Over the past few years, the cost of Florida health insurance is on the rise. Because of the high cost, the number of uninsured in Florida continues to rise. The state government and certain non-profit organizations in Florida have taken efforts to reduce the cost of health insurance so as to provide medical care to those people who need it most.

Florida health insurance is for individuals as well as groups. It not only protects you, but also provides access to quality heath care services. Health insurance in Florida provides medical coverage to children up to age of 19, pregnant women, self employed individuals, and families. In Florida, the rate for health insurance varies significantly from one insurance company to another. You can save time as well as money by comparing the different health insurance plans in Florida.

In Florida, a wide range of health insurance plans are available to choose from. Most of them provide benefits such as the cost of medicine, prescriptions, doctor visits and hospital stays. The types of health insurance plans available in Florida include individual health insurance, small group health insurance including health savings accounts (HSA) and health reimbursement accounts (HRA); large group health insurance, and temporary health insurance.

To qualify for individual health insurance in Florida, you have to undergo a medical exam. If you qualify for a health insurance plan, then you have to pay the premium, based on your age and medical history. Individual health insurance plan in Florida is cheaper than group health insurance.

Finding an affordable Florida health insurance is time consuming. To find one seek the help of an insurance agent or an insurance broker. There are several websites that help to find the best health insurance plan in Florida. Florida-health-insurance.com and eHealthinsurance.com are some websites. Vista, Blue Cross and Blue Shield of Florida, Inc., United Healthcare, and Humana Health Insurance Company are some of the leading companies that offer health insurance in Florida.

By: Kristy Annely