Tips to Improve the Strategy of Insurance Renewal

When it comes to insurance renewal, a strategic approach will increase the customer retention rate by 84 percent. Regardless of how long a customer has been with a company, it’s important to maintain a relationship with them. Whether that means a once-a-year renewal notice, an annual phone call, or a combination of both, taking advantage […]

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The Benefits of Having Insurance

The Benefits of Having Insurance

  • May 10, 2022

If you have insurance coverage, you can claim for losses that fall within the policy’s limits. Premiums paid by insured people go towards accounts reserved for claims. Insurance companies also pay for overhead costs. In order to meet future claims, insurers need to have enough reserves in place to cover unexpected expenses. The rest is […]

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How to Choose the Best Auto Insurance For Your Needs

When shopping for auto insurance, it can be confusing to know which type of coverage you need. Some plans are better for your needs than others, and it’s important to choose the right one. There are many different options and features, and choosing the right one for you can help you save money and protect […]

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How to Find the Best Insurance Broker Company for Small Businesses

When it comes to finding the best insurance broker company, there are several factors to consider. First of all, you want the best rates possible, and the best broker will make this easy for you. The Best Insurance Broker Company should also be able to save you money on your insurance by comparing prices. They […]

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The Basics of Subscription-Based Insurance

The Basics of Subscription-Based Insurance

  • Feb 25, 2022

The cost of insurance has increased drastically since the introduction of standardized, consumer-directed policies. Many insurers have adopted subscription business models, where premiums are collected monthly and the benefits compounded for future years. However, there are still many questions about the purpose and value of subscription-based insurance, which is available from online brokers. In this […]

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The Insurance Claim Process

The Insurance Claim Process

  • Jan 03, 2022

Filing a claim for your insurance policy is essential if you want to receive the money you deserve. While the process may seem easy, you need to know that filing a claim will cause your rate to go up. Even if you later switch insurance companies, the rate hike will follow you. This is because […]

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Understanding Your Insurance Policy

Understanding Your Insurance Policy

  • Dec 01, 2021

An insurance policy is a contract between you and an insurer. In exchange for an initial payment called a premium, an insurer promises to pay out claims for losses caused by perils covered in the policy language. This is a legal contract and must be followed closely to avoid any misunderstandings or complications. Here are […]

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Types of Insurance Policies

Types of Insurance Policies

  • Nov 04, 2021

Insurance is the best way of protection from potential financial loss in case of some disaster. It’s also a good type of risk management, mainly utilized to offset the danger of an unforeseeable or contingent monetary loss. Insurance companies are highly regulated by government authority to provide protection to both insurance owners and policyholders. Insurance […]

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A Brief Guide to Insurance Terms

A Brief Guide to Insurance Terms

  • Jul 28, 2021

Insurance is basically a way of protection against financial loss. It’s a sort of risk management, mostly utilized to mitigate the inherent risk of some future or contingent liability. For instance, if you own a home and there’s a chance of a fire, your insurance can protect your assets, while your homeowners insurance can assist […]

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How Does Insurance Work?

How Does Insurance Work?

  • Jun 12, 2021

Insurance is simply a way of protection against financial loss. It’s a type of risk management, mostly utilized to mitigate the threat of an uncertain or contingent income. It is useful for individuals and businesses alike, as it serves as a method to compensate for possible losses that may occur in certain situations. Insurance policies […]

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