AVE Insurance
 

Is It Fair That Two People With Identical Driving Records Pay Different Insurance?

Question by Elana | Posted in Insurance & Registration

Should men be discriminated against? (Car insurance)
How about blacks because BEING black is more likely though not necessarily going to have you live in a high crime neighborhood? (home owners insurance)

And here's the most extreme I've seen to date:
http://www.insurance.za.org/first-for-wo men-insurance-quote.htm

It doesn't matter whether I am get the big end or the little end of the stick, it doesn't seem right to me. I can understand changing insurance rates on the basis of past driving record, but for probable future record?
(Yes, I know that homeowners insurance is on the home, not the individual)

(Yes, I know that per

Answer: NO, nothing the insurance companies do is fair.
 
 

Need Fair Rate Homeowners Insurance Without Penalty For Credit Rating?

Question by ms. knowitall | Posted in Insurance

I am being penalized by certain insurance companies because of my credit rating but I have never been late or made a claim on my current home owner's insurance and they are farmers and after four years they decided to up my rate and possibly cause me to have to sell my home. I need a decent quote, I work for a living.

Answer: most companies do consider credit now. there are still a few out there that will not penalize for this. i dont know where you live, but i am in NC and i write through Alliance Mutual and they do not take credit into account. call an independent agent in your area and let them know you are looking for a company that will not do this. they write for a lot of companies and know where to look for this

Related Topics:

Liquor Liability Insurance
Orthodontic Dental Insurance
The Insurance Place

 
 

Home Insurance How Does It Work?

Question by Robert T | Posted in Insurance

Hello,
My question is, does anyone know how insurance companies decide if an area has a high crime rate? Do they just go by recorded crimes that have had claims through insurance or any recorded crimes regardless?


I have been interested in getting home insurance as my parents don't have it for our house and I have quite a few expensive things I would like to ensure. When I tried getting quotes from some of the big home insurance company websites, the quotes were very high (double the amount my friend got) - He lives near Kings Lynn in a Town, I live near to Stansted Airport in a quiet village with a population of around 250. The crime in the area is non existant.

Answer: Home insurance rates are basically made up from the following: Ammount of coverage, type of home to be insured, location of home, claims history, prior insurance, various discounts, what deductible is chosen and your Insurance and Financial Stability (think credit).

Claims frequency in an area is taken into account but not to the degree where a company will differentiate rates on a street by street basis. A wonderfull example of claims frequency making rates higher is a coastal, hurricane prone area vs a town 150 miles inland.

The ammount of coverage is kind of a no brainer, a million dollars in coverage will cost more than a hundred thousand dollar home to insure.

Related Topics:

Best Term Life Insurance Rate
Directors And Officers Liability Insurance
Usa Pet Insurance

 
 

What Should I Do About The Quote I Got From Our Home Owners Insurance?

Question by lori n | Posted in Insurance

We had water damage back in January that is covered under our home owners policy. The problem is I'm into my 2nd month of this and nothing is close to being done. My floors have buckled and could fall in at any time. One bathroom is completely ruined. Monday I received a letter from the insurance company. They estimated damages at $3900. I have to pay my $1000 deductible and they will only give me $1300 up front. They said if I can get a general contractor to do all the work they listed for that amount they will give my back $900 more after the job is done. So I have to put out $2600 of my money to fix this. Well I talked to several contractors, one told me "if they could get someone to

Answer: Generally insurance companies will refer you to a contractor who will do the repair for the amount they quoted, before deductible. Have you tried asking?

Insurance companies are known for low-balling the damage assessment. Their hope is you will cash the check and go away, and possibly never do the repair. So long as you can document the damage and you follow through with the repairs, you have a solid case for forcing them to pony up.

It does sound like you may have to pursue this legally. Insurance companies for some reason respond much better to an attorney than the homeowner. I would make contact with an attorney to get their guidance on how to pursue this...

Related Topics:

For Flood Insurance
Reassure America Insurance Company
Garrett Insurance

 
 

Would You Like A Free Quote On Your Auto Insurance?

Question by KEVIN P | Posted in Insurance

I have the best rates just let me know if you want a quote....home and auto together save's the most money!

Answer: NO COMPANY EVER charges for quotes for personal insurance. So you're not exactly giving anything away, ya know?

Related Topics:

Executive Insurance Jobs
Reassure Insurance Company
Me Health Insurance

 

Get The Best Homeowners Insurance Rates From The Best Companies

Click: www.lowerratequotes.com If you are a typical homeowner, you are probably paying more than you need to for insurance protection. By using ...

Home Rate » What Are Normal Home Insurance Rates?

by owowonowo

Read the homeowners policy carefully to find out the things that are covered under the policy. It is important to find out the things that are not covered. They can help you compare quotes and save money.

Source: Home Rate » What Are Normal Home Insurance Rates?

© 2011 AVE Insurance