Category Archives: Business: Insurance

Press Releases from the Insurance world, What’s new, Popular, Trending and News Worthy. In the ever changing industry of Insurance.

First-in-Industry IoT Platform Changing Open Enrollment for Bewildered Seniors


John Clifford, COO of Ensurem, discusses how their IoT solutions are helping simplify the complex Medicare process.

John Clifford, COO of Ensurem, discusses how their IoT solutions are helping simplify the complex Medicare process.

“What seniors need is a clear, reliable way to winnow through the available offerings and find the plan that best suits their needs and budget.”

Every day, 10,000 baby boomers turn 65, making Medicare plans the fastest-growing segment of the health insurance market. Insurance carriers are responding to the opportunity; since the 2019 open enrollment period, there has been a 32 percent increase in the number of available Medicare Advantage plans [1].

“The stakes are high—making the wrong choice can have serious consequences in terms of financial exposure—and there is a very broad range of options,” says John Clifford, COO, Ensurem LLC, an online, multi-carrier insurance brokerage and technology firm at the very forefront of innovation within the marketplace. “What seniors need is a clear, reliable way to winnow through the available offerings and find the plan that best suits their needs and budget.”

To help consumers and insurance carriers navigate this crowded landscape, Clifford defines what is needed:

1. A platform serving as an insurance broker on one side and;

2. A provider of tailored product information and purchasing opportunities on the other

Ensurem, conceived as such a platform, is an online consumer marketplace designed to educate visitors and rapidly match customer to product, simplify application, automate underwriting and instantly provide finished documents. They now offer services of Aetna, Humana, Ameritas, Cigna, Mutual of Omaha, Anthem, Catholic Life Insurance and more.

To complement their online platform, the company recently launched 4,500 first-in-industry kiosks in pharmacies and retail locations throughout the nation using their innovative IoT software to simplify the process for seniors as well as assist the inundated agencies.

“We log 2,000+ calls per day in our call centers from bewildered senior citizens,” Clifford says. Some of the complexity of today’s marketplace, he notes, stems from insurers’ need to balance attractiveness to consumers (there are Medicare Advantage plans with zero-dollar monthly premiums) with risk. Some of it, however, is due to the government’s Medicare rules themselves. Enrollees, for example, are required to sign up during a seven-month period surrounding their 65th birthday. Failure to do so leads to stiff late enrollment penalties that continue for life [2].

But that is not all that is confusing. The varying names given to Annual Enrollment Period (AEP) and Open Enrollment Period (OEP) in the media–which are different animals and different time frames—is just one tiny example as to its confusion. Here are a few ways AEP is referred to in recent news stories:

  • “Annual Open Enrollment Season”
  • “Do-Over Window”—referring to OEP
  • “Annual Open Enrollment Period”
  • “Annual Medicare Open Enrollment Period”


Another point to compound the misunderstanding:

  • News reports state that people who are still employed at 65 and want to defer Medicare enrollment to continue with their employer-provided coverage may do so, as long as they are working. If they leave their job and continue private coverage through COBRA; however, they become late enrollees, which means they must wait for a General Enrollment Period that runs from January 1 to March 31—with Medicare coverage not beginning until July 1 [3].
  • Yet Ensurem explains that People over 65 whom have missed their IEP (Initial Enrollment Period) do still receive a special enrollment period after losing group coverage, regardless of if they enroll in COBRA. They can also technically be enrolled in COBRA & Medicare at the same time.


“These rules are specific to Original Medicare (government funded) Parts A & B. Medicare Advantage and Medicare supplement insurance—both provided by private insurance companies—have their own set of enrollment regulations,” says Clifford.

On top of narrow enrollment windows, there are limited periods of time when enrollees can make any changes to their coverage. One of those being Medicare Annual Enrollment Period from October 15 – December 7, during which Medicare beneficiaries can switch from Original Medicare to Medicare Advantage, or vice-versa, as well as switch Medicare Advantage plans.

Meanwhile, there are now 22 million people enrolled in managed-care Medicare Advantage plans [4], which continue to change in ways that encourage both increasing enrollment and greater complexity. These include loosened marketing restrictions, increased use of telehealth, the elimination of “meaningful difference” tests limiting the number of plans offered in a given market and additional time for plan sponsors to secure a provider network [5].

Confused much? That’s the point.

“The Medicare solutions market today, including both Medicare Advantage and Medicare Supplement insurance,” Clifford says, “has a lot of room for improvement in the way of decreasing costs, providing easier-to-understand consumer information, and increasing efficiency in the buying process.”

He points out that Ensurem’s technology solutions have been a welcome advancement in facilitating the roll of the agents.

In 2019, Ensurem will have tripled its business from 2018, its first year of full-scale operation, scaling up from three to 90 employees since its launch and expecting to almost double in size next year. The company’s goal is basically to make insurance into a 21st-century industry.

About Ensurem:

Ensurem, headquartered in Clearwater, FL, is a leading technology and product distribution company serving carriers and consumers within the massive U.S. senior market. The company provides end-to-end solutions for carriers, including product development, digital marketing, and consumer-centric front ends and back end. For more information, please visit http://www.Ensurem.com.

1. Coombs, Bertha, “The 2020 Medicare enrollment season brings fierce competition for baby boomers among insurers,” CNBC, October 16, 2019.

2. “Part B late enrollment penalty,” Centers for Medical and Medicaid Services, October 2019.

3. Miller, Mark, “If You Do Medicare Sign-Up Wrong, It Will Cost You,” New York Times, January 31, 2019.

4. “Medicare Advantage/Part D Contract and Enrollment Data,” Centers for Medical and Medicaid Services, December 31, 2018.

5. Adelberg, Michael, and Rodriguez, Kristin, “Medicare Advantage is nudging aside ‘old Medicare’ with a free ride, a warm meal, and a handyman,” Stat News, April 3, 2019.

Center for Hearing and Communication Honors Google on November 4 at CHC Feast 2019


The 26th Annual Feast, a sumptuous food and wine tasting extravaganza benefiting the Center for Hearing and Communication (CHC), will take place at Pier Sixty, Chelsea Piers in New York City November 4th at 6:00 PM and will celebrate CHC’s life-affirming services that strive to eliminate barriers of communication for all people affected by hearing loss. Proceeds from the event support the programs and services of CHC, a leading hearing health care center in New York providing comprehensive services to over 15,000 people annually.

With a theme of The Power of Communication, this year’s Feast will honor Google with the Eleanor Roosevelt Humanitarian Award for its achievements in accessibility that have expanded the world of communication for people with hearing loss. Executive Director, Laurie Hanin, says, “Google’s commitment to inclusion with the development of Google Live Transcribe has had a profound impact on people with hearing loss, by providing immediate communication access for deaf and hard of hearing individuals anywhere, at any time. Because of Google’s innovation, barriers that so commonly prevent deaf and hard of hearing people from fully participating in all aspects of life are disappearing, allowing for greater connection and inclusion.” Dimitri Kanevsky, Research Scientist at Google, will accept the award.

Founded in 1910, CHC is a historic pillar of support, offering high-quality, comprehensive services to empower people affected by hearing loss, deafness or listening challenges. The organization’s spectacular annual gala, the Feast, uniquely taps into a caring team of prominent NYC chefs, broadcasters and others passionately supportive of CHC’s services.

Presented in cooperation with Wine Spectator, the Feast is a grand culinary gala where NYC’s top chefs offer up their specialties to approximately 500 guests. Twenty-five chefs are expected to participate this year including Chef Chair William Gallagher of Becco Restaurant, Fortunato Nicotra of Felidia, Chintan Pandya of Rahi, Ryan Jordan of The Breslin, Ralph Scamardella of Tao Downtown and Robert Zwirz of Babbo. Guests will enjoy a wide array of fine wines and spirits courtesy of Wine Spectator. The walk-around layout gives guests the opportunity to interact with the chefs as well as the many television broadcasters who will be lending their support by acting as sous chefs. Broadcast Chair Bill Ritter of Channel 7 Eyewitness News and ABC News 20/20, Lee Goldberg of WABC-TV Channel 7, Ernie Anastos of WNYW-TV FOX 5, and Lisa Evers of WNYW-TV FOX 5, will be among more than 20 broadcasters on hand to help serve savory signature dishes alongside the line-up of distinguished chefs.

This year’s Feast will feature a seated dessert during which guests will savor an assortment of confections while bidding in the live auction facilitated by Aileen Agopian, CEO, Agopian Inc./Art Advisory and the fund-a-cause that closes the event. Call (917) 305-7702 for tickets or visit https://one.bidpal.net/chcfeast2019/ticketing.

Established in 1910, the Center for Hearing and Communication is an accredited nonprofit 501(c)(3) organization committed to providing high-quality, comprehensive services to empower people affected by hearing loss, deafness or listening challenges, regardless of age, ability to pay, and mode of communication. With offices in New York City and Florida, CHC meets consumers’ hearing and communication needs through the highest level of clinical expertise and technical know-how available in the hearing healthcare field. Learn more at http://www.CHChearing.org. Call (917) 305-7766 to make an appointment for clinical services or request information.

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AdvicePay and Valmark Financial Group Announce Strategic Partnership to Offer Innovative Service that will Streamline the Client Experience for Valmark Member Firms


This new agreement with Valmark will provide their advisors with the technology, tools and practice management advice to serve more clients with financial planning services, while enhancing their businesses.

AdvicePay, the only fee-for-service billing and payment platform designed exclusively for financial advisors, and Valmark Financial Group, a leading independent full-service life insurance agency, broker-dealer and Registered Investment Adviser, announced today a new strategic partnership to provide AdvicePay’s billing and payment technology to Valmark’s 100+ Member Firms across the United States.

As part of this strategic technology agreement, Valmark Members will have access to AdvicePay’s eSignature integration, enabling advisors to eliminate manual and paper-based functions and easily and quickly onboard clients and speed up the billing process in one simple workflow. Additionally, Valmark Members will have exclusive access to AdvicePay’s practice management consultant, who’s experience extends to all aspects of the fee-for-service financial planning business model for helping firms better manage their back office and stay on the cutting edge of client service offerings.

“We are very excited to partner with Valmark to help them enhance and expand their financial planning services model,” said AdvicePay Co-founder Alan Moore. “This new agreement with Valmark will provide their advisors with the technology, tools and practice management advice to serve more clients with financial planning services, while enhancing their businesses.”

“In the past, we collected financial planning fees via paper checks and manual

processes,” said Caleb Callahan, President and Chief Operating Officer of Valmark. “With AdvicePay, we are investing as part of our overall FinTech offering to remove this barrier and provide our advisors with technology that will allow them to scale their financial planning businesses, drive greater efficiencies within their back-offices and, above all, better serve clients.”

As the fee-for-service model continues to grow and expand as a new approach to delivering financial planning, leading companies within the financial services industry, such as Valmark, are investing in the latest technologies offered by AdvicePay to drive greater efficiencies and productivity while also keeping up with the changing needs of clients.

To learn more about AdvicePay and Valmark Financial Group, log on to http://www.AdvicePay.com and http://www.valmarkfg.com.

About AdvicePay

Established by well-known financial advisors Michael Kitces and Alan Moore, AdvicePay is the only billing and payment processing platform created specifically for fee-for-service financial planning. Financial advisors benefit from efficient invoicing and payment workflows designed exclusively to support their businesses, including up-to-date compliance and data security management. Users can issue agreements for client e-signature, accept ACH and credit cards, bill hourly or one-time fees, or establish recurring retainer or subscription billing compliantly – all through the AdvicePay system.

About Valmark Financial Group, LLC

Valmark Financial Group is holding company of several subsidiaries, including: Executive Insurance Agency, Inc., a national producer group; Valmark Securities, Inc., a broker-dealer and member of both FINRA and SIPC; Valmark Advisers, Inc., a U.S. Securities and Exchange Commission registered investment adviser; and the Valmark Policy Management Company, LLC, which provides ongoing policy management and monitoring services for life insurance policyholders. With a proud history of working with independently owned financial services firms committed to high ethical standards in over 30 states throughout the United States, Valmark offers a wide range of insurance and investment solutions for high net-worth clients. Headquartered in Akron, Ohio with operations in St. Paul, Minnesota, Valmark, through its affiliated entities, has helped its Member Firms place over $60 billion of life insurance death benefits and manage insurance policies with a cumulative cash value of over $8 billion dollars. Valmark’s affiliated RIA, Valmark Advisers, has over $6 billion in assets under management, including approximately $3 billion in variable sub-account assets within its TOPS® funds. To learn more about Valmark Financial Group, visit http://www.valmarkfg.com

Securities offered through Valmark Securities, Inc. Member FINRA/SIPC.

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What Factors Influence Liability Car Insurance Costs The Most


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“Liability coverage is a must for every driver. Buying more than the minimum is, however, up to you”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has released a new blog post that presents the main rating factors used by companies to determine car insurance rates.

For more info and free car insurance quotes, visit https://compare-autoinsurance.org/top-factors-that-affect-auto-liability-insurance-prices/

Before issuing a policy, companies will carefully scan the potential client. Some factors are extremely relevant and will influence the overall costs. These are:


  • The minimum imposed liability. Each state, except New Hampshire, imposes a minimum liability insurance responsibility in order to legally drive inside that state. As the state is the one who imposes the minimum liability requirements, the minimum price of liability insurance is not up to the policyholder. Depending on which state he lives and the imposed minimum requirements, the minimum price of liability can vary a lot.
  • The driving history. For insurance companies the driving history of a customer is critical, to determine his premium rates. Depending on past traffic violations and claims, the insurer can decide to increase or decrease the price paid on the liability insurance
  • Car model. There are a number of factors concerning the vehicle that can influence the price of liability insurance. Factors like car ownership, car make, model, age, installed safety devices, installed anti-theft devices, safety rating, value, condition, play a significant role when an insurer determines liability insurance rates. For example, a slightly used SUV, or family van will pay lower liability insurance rates than a new imported sports car.
  • The coverage limits. It’s up to the policyholder to decide the coverage limits, thus increasing or decreasing the overall costs. Online rates calculators allow users to simulate different coverage limits and receive cost estimates really fast


Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, please visit https://compare-autoinsurance.org/

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Drivers Should Follow The Next Tips When Driving At Night


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“ Driving during night can be dangerous, so drivers should always be prepared to face any dangerous situation”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Autoinsurancequotesave.com has launched a new blog post that presents night driving tips that will keep the drivers safe and their car insurance policies intact.

For more info and free car insurance quotes, visit http://www.autoinsurancequotesave.com/tips-driving-night/

Driving at night can be dangerous. The dangers lurking on the roads are numerous and the possibility for tragic events to happen is high. Policyholders that drive at night should consider following the next tips:


  • Drivers should first check if their car is ready for night driving. They should check if the brakes and headlights are working properly, and see if the windows are clean.
  • Pay attention to incoming cars and adapt the headlights accordingly. Drivers should understand how the lights of their cars are used and how to adapt them with the incoming cars and the ones behind them. Drivers should know how to dim their high beams when another vehicle is approaching.
  • Adapt the speed for night conditions. When driving at night, policyholders should drive a little bit slower than they usually do in the daytime. Doing so, they will have more time to react if they spot a road hazard. However, they should avoid driving too slowly, as the drivers behind them would be annoyed and will attempt to tailgate.
  • Avoid tailgating. Tailgating at night is dangerous, because of the limited field of view.
  • Drivers should research the area they will be driving at night. It is important for a policyholder to know some info about the area before venturing at night. They should check for road constructions, repair projects, or how abundant is the wildlife in that area.

For additional info, money-saving tips and free car insurance quotes, visit http://www.autoinsurancequotesave.com/

Autoinsurancequotesave.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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What Is Distracted Driving And How Does It Influence Car Insurance Rates


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“It is important to always stay focused on the road. Distractions of any kind should be avoided while you are driving”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has launched a new blog post that explains how distracted driving can affect car insurance rates.

For more info and free car insurance quotes, visit https://compare-autoinsurance.org/distracted-driving-and-car-insurance-rates/

Distracted driving comes in numerous forms. Not surprisingly, young drivers are the ones more likely to be distracted while driving. Besides endangering drivers’ lives, distracted driving can also affect their insurance costs.

Distracted drivers are making insurance companies to increase the costs of car insurance for everyone. American drivers that are using their smartphones and other gadgets while driving are getting involved in more accidents because of it. The use of smartphones while driving has always been considered a safety issue. With the ever-increasing number of social media apps, smartphone addiction is now considered a social concern. Many states have begun to take measures, and they ban the use of smartphones completely while driving.

Many surveys show that the majority of American drivers admit they are using their smartphones while driving. One survey has shown that 61% of drivers admitted they are using their phones while driving, while another study has shown an even higher percentage of 70% of drivers admitting using their phones while behind the wheel.

Young drivers (age 16 to 24) have been observed manipulating electronic devices at higher rates than older drivers,” the National Highway Traffic Safety Administration (NHTSA) reports, noting that 10% of drivers ages 15 to 19 involved in fatal crashes were distracted behind the wheel.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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ICW Group’s Kristin Guthrie Receives ‘Women in Insurance Leadership’ Award


https://www.prweb.com/

Kristin Guthrie, SVP, Enterprise Customer Experience, ICW Group

“I’m proud of both the role I’ve been able to play in building the CX program throughout ICW Group and of our customer focused team members who are so committed to delivering exceptional experiences each and every day,” said Guthrie.

Kristin Guthrie, senior vice president of enterprise customer experience at ICW Group Insurance Companies, a leading group of property and casualty carriers, was selected as one of Digital Insurance’s Women in Insurance Leadership 2019 honorees.

The Women in Insurance Leadership award recognizes innovative contributions women executives are making in all areas of the insurance industry. Guthrie was selected for designing and leading ICW Group’s customer experience (CX) initiatives that focus on customer retention and measuring company success from both a financial and customer experience perspective. She was acknowledged this week along with nine other insurance executives at the Women in Leadership Conference in Chicago and was profiled last month by Digital Insurance.

“I’m thrilled to be recognized alongside a phenomenal group of industry leaders and for something I am so passionate about,” said Guthrie. “I’m proud of both the role I’ve been able to play in building the CX program throughout ICW Group and of our customer focused team members who are so committed to delivering exceptional experiences each and every day.”

Guthrie oversees ICW Group’s market research, marketing, customer journey mapping and value creation using Six Sigma methodology to generate customer-centric process improvements. She’s also responsible for integrating customer experience advocacy into the company’s corporate culture.

“ICW Group has a reputation for being a highly customer-centric organization, and Kristin continues to bring us to the next level in this area,” said Kevin Prior, president and chief executive officer for ICW Group. “Her passion for elevating the experiences our customers have with our company is a key factor in our continuing growth and success.”

About ICW Group

Based in San Diego, ICW Group Insurance Companies is the largest privately held insurance company domiciled in California. Quoting more than $3 billion annually, ICW Group represents a group of Property, Auto and Workers’ Compensation insurance carriers, including Insurance Company of the West and Explorer Insurance Company. ICW Group is recognized nationally as an industry leader in helping policyholders achieve fewer and less costly claims, and is committed to meeting the needs of its policyholders and elevating the trusted agents and brokers who advise them. More information is available at http://www.icwgroup.com, http://www.twitter.com/ICWGroup, http://www.linkedin.com/companies/icw-group and http://www.facebook.com/ICWGroup.

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Find Out Why Drivers Who Own A House Pay Lower Car Insurance Rates


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“Owning a home can help drivers obtain great savings on their car insurance premiums”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Cheapquotesautoinsurance.com has launched a new blog post that explains how homeowners can save car insurance money.

For more info and online car insurance quotes, visit https://cheapquotesautoinsurance.com/you-can-pay-lower-car-insurance-rates-if-youre-a-homeowner/

Drivers that own a home can pay cheaper car insurance premiums. Bundling car insurance with home insurance can help drivers save money on car insurance. Most insurers that sell car insurance policies are also selling home insurance policies.

Drivers that want to bundle car insurance with home insurance should consider the following:


  • Bundling benefits. Drivers can save between 5% to 25% on each policy if they decide to bundle their policies. Bundling is convenient and policyholders will avoid dealing with multiple providers, multiple billing systems, and multiple accounts. Policyholders that have costly claims or accidents on their driving records, can avoid being dropped by their insurers if they bundle policies.
  • Bundling disadvantages. Many drivers forget to shop around if they have a bundled policy. By doing so, they will not notice the small rate changes that happen in their individual policies. In some cases, it will be cheaper to buy separate car and home insurance policies. Some insurers will rely on other providers for home insurance. In this case their customers will have to deal with multiple insurance companies when filing a claim. Bundling will reduce the individual coverage limits of the insurance policy.

Homeowners can save car insurance money through other methods, besides bundling like the following:

  • Good credit score. Usually, homeowners have a better credit score than renters. The credit score is used by insurers to determine the insurance rates paid by a policyholder. Policyholders with a good credit score will pay less on their premiums than drivers with a poor credit score,
  • Better neighborhood. Drivers that live in areas that are considered safe by insurers will pay less on their premiums. The ZIP code of a driver is very important for any insurer. Insurance companies will use the ZIP code to find out how many claims are in an area, vehicles theft ratio, number of break-ins, or acts of vandalism.

For additional info, money-saving tips and free car insurance quotes, visit https://cheapquotesautoinsurance.com/

Cheapquotesautoinsurance.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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What Are The Most Common Car Insurance Claims In The United States?


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“Thefts and minor accidents are among the most common filed claims by policyholders. Policyholders that don’t want to have their premiums increased should avoid filing claims for minor damage”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has launched a new blog post that presents the most common car insurance claims.

For more info and free car insurance quotes online, visit https://compare-autoinsurance.org/the-most-common-auto-insurance-claims-in-the-united-states/

Many drivers can have questions regarding on what car insurance claims are more likely to be filed at the insurers. It is good to know in what car accidents where a driver is involved it is necessary to file a claim.

The following are the most common car insurance claims in the US:


  • Minor accidents. Accidents like fender benders, where the damage done to a vehicle is minimal and there are no injuries, are among the most common filed claims. Even if these types of claims are common and the insurers don’t have to pay too much, the premiums of the policyholders that file such claims will rise anyway, especially if multiple claims are filed in a short period of time. To avoid paying more on their premiums, drivers should support paying the minor damages done to their vehicles from their own pockets.
  • Windshield damage. It takes just a rock to kick up from another vehicle to smash a windshield. The windshield can also be shattered in an accident. Drivers that carry comprehensive coverage will be reimbursed with the costs to repair or replace the damaged windshield.
  • Vandalism. In some areas, vandalism can be quite common and drivers frequently find that their vehicles got smashed with a baseball bat, keyed, broken into, or vandalized in another way. Comprehensive coverage will reimburse acts of vandalism. However, drivers that file too many claims in a short period of time will have their premiums increased by their insurers.
  • Storm damage. The damage from hail and floods can be quite severe, and there are many cases where vehicles ended up being declared as totaled. Drivers that live in areas where dangerous storms are frequent should take some extra measures to protect their vehicles.
  • Single-vehicle collisions. Collisions with inanimate objects are among the most commonly filed claims. Many unlucky drivers suffered collisions with objects such as street lamps, fence posts, or mailboxes.
  • Whiplash. This type of injury occurs when the neck is jerked forward in a quick motion. It can happen during rear-end collisions or in any type of car accident. Depending on the severity of this injury, victims may require medical care.
  • Theft. Drivers that got their cars stolen will be reimbursed if they have comprehensive coverage. However, they will not get a check with the value of a brand-new vehicle. Instead, they will be reimbursed with the market value of the vehicle at the time it got stolen. If the stolen vehicle was financed, then the policyholder will have to pay the difference between the amount he owes to the bank and the amount the insurer will payout.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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What Is GAP Insurance And Why Should Drivers Buy This Coverage?


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“GAP insurance can protect drivers that remain indebted after their vehicles got stolen or totaled in a crash”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has launched a new blog post that explains the benefits of GAP auto insurance and why drivers need this coverage.

For more info and free quotes, please visit https://compare-autoinsurance.org/what-are-the-benefits-of-gap-insurance-and-when-you-need-it/

Purchasing a brand-new vehicle can be a very exciting moment for a driver. On the other hand, totaling the recently purchased car can be unpleasant for anyone. In this case, the insurance company will only reimburse the actual cash value of the vehicle at the time of the loss. This means that the driver will get less money than what he paid on the vehicle and he will remain indebted to the lienholder. In this situation, GAP insurance might be helpful. GAP insurance will pay for the difference that is between the actual cash value of a vehicle at the time of loss and what the driver owes to the bank or lender.

Drivers should purchase GAP insurance in the following situations:


  • The financed car depreciates quickly. New vehicles lose 20% of their value in the first year after the purchase. This means that after three years of driving, a regular vehicle will be worth only 40% of the original purchase price. However, some models depreciate even faster and they can lose 75% of their value after three years.
  • The driver has a long-term loan. Policyholders that took a loan on their vehicle that is longer than 60 months are strongly recommended to purchase GAP insurance. In their situation, it will take longer for the gap between what they owe on the vehicle and the actual cash value of that vehicle to disappear.
  • The vehicle is leased. Almost all lenders will require for GAP insurance to be purchased, alongside comprehensive and collision coverage.
  • The car is frequently used. Vehicles that are driven for more than 15,000 miles per year, depreciate more quickly.
  • If the driver wants to replace the lost car with a brand-new one. The comprehensive and collision coverage is enough to replace a lost vehicle with another one of similar age and condition. However, for some drivers, this is not enough and they want to obtain a brand-new vehicle instead. In this situation, GAP insurance is the answer.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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