What Is Surety Bond Insurance? : Basic Insurance Advice


Subscribe Now:
http://www.youtube.com/subscription_center?add_user=ehowfinance

Watch More:
http://www.youtube.com/ehowfinance

Surety bonds are typically designed to guarantee performance. Find out about surety bond insurance with help from a full-time insurance professional in this free video clip.

Expert: Susan Combs
Filmmaker: Alexis Guerreros

Series Description: Basic insurance advice often applies to more than one different type of insurance. Get basic insurance advice with help from a full-time insurance professional in this free video series.

Have a teen driver? Insurance tips to consider


When it comes to driving, experience matters. Insurance companies know this. And it’s why auto insurance rates spike when they’re insuring a younger driver with less experience behind the wheel.
“From 16 to 18 years old, that’s the number one time,” said Phil Derksen, a licensed independent insurance agent. “Insurance companies are looking at that’s when the accident is going to happen. So you do see a higher tick in rate.”
On a recent early morning at Osseo High School, Derksen gave a small group of students some auto insurance basics in an eight-week series sponsored by Topline Federal Credit Union.
The focus of Derksen’s presentation was on the cost of auto insurance for young drivers. For example, does it make most sense for a student to carry his or her own insurance or is it best to be on a parent’s policy.
“[It’s a] completely different ballgame. You’re looking at on your parents, a 40 to 50 percent increase on your own,
300 percent to 400 percent increase, I mean a massive, massive difference on that level.”
There are ways students can save on auto insurance, starting with good grades. A 3.0 or “B” average will earn a 10–15 percent discount on insurance or more, depending on the carrier, for each year up to age 23.
Successfully completing a driver’s education course can also earn an additional 5 percent discount.
The best way to insure good rates is to be a good driver: taking caution behind the wheel, putting the cell phone away and watching speed. Paying attention in parking lots can also help avoid fender benders and other accidents that hike up rates.
“You have 2, 3, 4 claims, you’re going to see that rate just skyrocket. Every at–fault accident, it’s a 30–40 percent increase on the rate,” said Derksen.
Assuming a clean driving record, the good news is rates will come down for young drivers with a few passing birthdays, age 25 is when insurance companies typically consider the driver an adult.
Alexandra Renslo reporting
http://twelve.tv
http://www.facebook.com/12localnews

Learn about our mobile app – http://bit.ly/CH12app

Channel 12 is on Comcast cable in the northwest suburbs of Minneapolis and includes the cities Brooklyn Center, Brooklyn Park, Crystal, Golden Valley, Maple Grove, New Hope, Osseo, Plymouth and Robbinsdale.

Definition of Insurance Subrogation : Basic Insurance Advice


Subscribe Now:
http://www.youtube.com/subscription_center?add_user=ehowfinance

Watch More:
http://www.youtube.com/ehowfinance

Insurance subrogation is when a company tries to recoup claims and benefits from a negligent third party. Get a definition of insurance subrogation with help from a full-time insurance professional in this free video clip.

Expert: Susan Combs
Filmmaker: Alexis Guerreros

Series Description: Basic insurance advice often applies to more than one different type of insurance. Get basic insurance advice with help from a full-time insurance professional in this free video series.

What Is Bonding Insurance? : Basic Insurance Advice


Subscribe Now:
http://www.youtube.com/subscription_center?add_user=ehowfinance

Watch More:
http://www.youtube.com/ehowfinance

Bonding insurance is a trust or satisfaction type of insurance. Learn about bonding insurance with help from a longtime member of the professional banking and insurance industries in this free video clip.

Expert: Emmanuel Osuyah
Filmmaker: Emmanuel Osuyah

Series Description: Insurance is a necessary and very important part of all of our daily lives. Get basic insurance advice with help from a longtime member of the professional banking and insurance industries in this free video series.

6 Things You Need to Know Before Buying Life Insurance


http://lifeinsurance4mums.co.uk

Video Transcript:
Hi my name is Katie from lifeinsurance4mums.
Let me guess; as a mum you’re just too busy working or looking after the kids to speak to a financial adviser about life insurance?
Am I right?
I thought so.
That’s why we’ve put together this quick and useful guide.
This isn’t financial advice. But it is the 6 things you need to know before you buy cover.
So lets go through them now:

1. Term life insurance
As the name suggests term life insurance runs for a fixed amount of time and has a set end date. For example, you could choose a term for 10, 20 or 25 years. If you were to die within the term of the policy, your family or beneficiaries would receive the insurance pay out. If at the end of the insurance term you’re still alive, no pay out will be made and the cover provided by the policy will come to an end.

2. Whole of Life Insurance
Unlike term life cover, whole of Life insurance has no fixed term and no end date. So if you maintain the policy until you die and maintain your premiums it’s guaranteed to pay out. Whole of Life insurance is usually more expensive than Term Life insurance because, provided you’ve paid your premiums and kept the policy in force, the pay out to your family or beneficiaries is guaranteed.

3. Amount of Cover
You can choose any amount of cover you decide. There are 2 main ways to work out how much cover you may need:
a) You could base it on a multiple of your salary, typically 10x your yearly income.
or
b) The level of debt you have outstanding, including mortgage, loans, credit cards etc.
Consider what would be left to your loved ones to deal with should something happen to you. If you’re a full time mum think about who would look after the children and how it would impact them financially. For example, the mortgage or rent would still need to be paid. If your husband, partner or relative had to give up work to become a full time parent for your child, who would step in and pay the bills?
The main thing to remember is that you’re ensuring your loved ones can repay any debts and maintain their everyday lives should the worst happen. Just keep in mind that even a small amount of cover is better than none at all.

4. Level or Decreasing?
When buying life insurance you can choose whether to take level or decreasing cover.
Level cover means the amount you’re insured for, will remain the same until the end of the policy. It’s used to cover debts such as an interest only mortgage.
Decreasing cover declines over the term of the policy and is ideally used to cover a repayment mortgage. For this reason decreasing life insurance is sometimes called mortgage life insurance.
Decreasing life insurance is often the cheapest way to protect your family. These policies can start from around £5 a month.

5. How much will Life Insurance cost me?
Life Insurance can cost from as little as £5 a month.
The factors that insurers consider on setting your premiums are:
• your age
• if you smoke
• your medical history
• your lifestyle
• how much cover you want
• the term required
If you’re older – or if you’re asking for a lot of cover – there’s a greater chance the insurer will ask for further medical information from your GP, or require you to undergo a medical examination before offering you cover.

6. How do I get cover?
• Comparison Sites that search the market for the best deals.
• Direct to Insurers that don’t sell through comparison sites.
• Your Mortgage Provider most offer you life insurance automatically when you take out a mortgage
• An Independent Financial Adviser
• OR go to http://lifeinsurance4mums.co.uk to get a free quote.