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We have all raised the same question, and of course there is not one simple answer. electricity deregulation in california There are many factors that go into how much one’s auto insurance costs. Much of it can be broken down into these areas; What You Drive, Where You Drive, How You Drive, and Your Credit History. While there are some other factors that come into to play, these 4 make up the majority of how your auto insurance rate is determined.

Vehicle safety ratings are determined through tests and evaluations by the auto industry and the National Highway Traffic Safety Administration. Insurance companies supplement that information by collecting large amounts of data from customer claims. Safer vehicles are often less expensive to insure. Meanwhile, some insurers increase premiums for cars that have poor safety records and are more susceptible to damage or occupant injury.

The longer an insurance company insures a type or model of car, the more data it has to determine fair pricing. If the vehicle has built a solid track record over several years, odds are it will insure at a reasonable rate, and stay stable over time. Conversely, vehicles with poor safety history, a short track record, or those that are a favorite target for thieves will be costlier to insure.

Information about the cars that are cheapest to maintain and service can also be a good indicator of the most-affordable cars to insure. Vehicles that have lower reliability ratings can be a warning light of potentially higher insurance costs, because insurance companies take the data about maintenance and service of specific models into consideration when determining premium rates.

Your track record on the road can have a direct impact on your wallet when it comes to insurance. Insurance companies have found that past performance often does foretell future results. If you’ve had speeding tickets or accidents, or other violations within the last few years, your auto insurance rate may be higher than if you have a spotless driving record.

Are you a road warrior, or a homebody? The difference will show up in your premium rates. Someone who drives only a few miles a week will likely pay less for auto insurance than someone who covers hundreds of miles most weeks. It just makes sense, the more time on the road increases the chances of being involved in a crash or sustaining damage to your car.

Research has shown that good credit is connected to good driving – and vice versa. Certain credit information can be predictive of future insurance claims. When permissible, many insurance companies use credit history to help determine the cost of car insurance. The bottom line: Good credit can have a positive impact on the cost of your car insurance.

One key factor that goes into insurance pricing is largely out of your control – at least in the short-term. That’s where you live. Generally, due to higher rates of vandalism, theft, and crashes, drivers in more densely populated areas may pay more for car insurance. If you do live in a higher cost insurance area, make sure to pay close attention to the other factors that you can control.

The biggest factor is the amount of Dwelling Coverage purchased. The higher the dwelling coverage, the higher your premium will be. Your Dwelling Coverage, also known as Coverage A, needs to be enough to cover the replacement cost to rebuild your home and attached structures. In most cases companies will use Replacement Cost Estimators or other valuation services that advise them what it will cost to rebuild your home. The numbers that these outlets provide may not take into account renovations that may have been done to your home. Talk with your agent about this process, especially if you have recently done some work to your home. Please note that replacement cost and the market value of your home are not always the same.

• Location, Location, Location – Depending on where your home is located will determine the Protection Class. Protection Classes go from 1 to 10. The lower the number the better. electricity voltage in germany Protection Classes are based on the number of fire stations in your area and how well your local fire fighters respond to emergency calls. The distance your home is from the nearest fire hydrant also affects your rating. Another major location factor is coastal versus non-coastal. Usually homes in coastal counties will have higher premiums due to risk of hurricanes and tropical storms.

• Personal Liability Protection – Also known as Section II of a Homeowners Policy, Personal Liability Protection provides coverage for a suit that may be brought because of bodily injury and/or property damage from the acts or non-acts of the insured. Limits of liability range from $100,000 to $500,000. The higher the liability amount the higher the premium and vice versa.

• Discounts – Insurance companies vary when it comes to discounts. The most common discount is one for bundling your home and auto with the same company. Other discounts may include safety features such as an alarm systems. gas mask tattoo There are multiple ways insurance companies can provide discounts. Make sure to check with your agent to let you know all the discounts that may be available to you.

We reviewed homeowners insurance premiums in every state on both a monthly and annual basis. Below, we’ve also included how each state stacks up against the national average annual premium of $1,083. A positive number in the “% Change vs. Avg” column represents a state that’s more expensive than average, while a negative value represents a cheaper than average state. Homeowners premiums in different states vary widely, and depending on where you live, the average cost of home insurance may range from approximately $600 to $2000 per year.

With Hurricane Florence about to make landfall off of the Carolina coast, we want to keep everyone that may be affected by the storm in our thoughts and prayers. If you have questions about your insurance coverage as it relates to the storm, please do not hesitate to contact our office. We are here to assist our clients as well as non-clients in any way that we can.

• Hurricane Warning: Hurricane conditions (sustained winds 74 mph or higher) are expected within a specified area. Because hurricane preparedness activities become difficult once winds reach tropical storm force (sustained winds of 39 to 73 mph), the hurricane warning is issued 36 hours in advance of the anticipated onset of tropical-storm-force winds.

• Develop an emergency communication plan. In case family members are separated from one another during a hurricane, have a plan for getting back together. Ask an out-of-state relative or friend to serve as the family contact. After a disaster, it’s often easier to call long distance. Make sure everyone in the family knows the name, address and phone number of the contact person.

While anyone experiencing a significant life event like getting married or starting a family often recognizes the need for life insurance, others may not realize they could benefit from it as well. For instance, did you know that stay-at-home parents and student loan cosigners could have a definite need for life insurance? An insurance agent can help you figure out who and what you need to protect.

2. Only buy the life insurance plan you can afford. Many people are surprised at how much life insurance they really need to protect the people and things they love most. Yet it’s a mistake to forgo any coverage at all if you can’t afford the plan you want. Something is definitely better than nothing, and you don’t need to purchase the best plan to take care of your family. (Need more good news? Life insurance is probably more affordable than you think.)

3. Think through your beneficiaries. A life insurance beneficiary is the person or entity you name in your life policy to receive funds in the event of your passing. Your beneficiary can be a person, business, trust, charity or even your church. electricity font And, you can have more than one. It’s important to make sure you think through who your beneficiaries are and if any proceeds meant to benefit a minor should be held in trust.

5. Buy from a financially sound company. You want the backing of a financially strong insurer if you or someone you love needs to call on the life insurance policy. A.M. Best, the largest and longest-established company devoted to issuing in-depth reports and financial strength ratings about insurance organizations, gave Erie Family Life Insurance Company a rating of A (Excellent).

6. Take into account current and future needs. on q gas station okc Don’t just consider your current lifestyle, keep in mind your future needs and what those could include (a spouse, children or business). By taking in these considerations today, you’re investing in the security of your future. Life insurance is less expensive than most people think—and that’s especially true when you’re younger.

8. Work with a licensed insurance agent . A knowledgeable and professional insurance agent can offer trusted guidance when it comes to finding the right life insurance protection at the right price. An insurance agent is also a trusted person your family can turn to in a time of need. Talk to an Erie Insurance Agent to learn more about your life insurance options and to get a free quote.

If you’re a small business owner, you know what hard work means. It means sacrifice. It means connecting to people in the right way at the right time—often during the early morning, in the evening and on weekends. It means putting your business before anything else (even, at times, family). It means being your brand and being on, all the time.

• How life insurance can help: When co-owners own life insurance policies on each other that name themselves as beneficiaries (a cross-purchase agreement), life insurance can help pay for a partner to buy the portion of the business that lost an owner if that person passed away. Without this funding, a partner may not be able to afford to buy the portion of the business they’ve worked so hard to build. Instead, the ownership may transfer to the previous owner’s spouse, family member or even a bank or lender associated with the partner who passed. There are also entity agreements designed for LLCs and c-corporations where the company owns the insurance and the buy-sell agreement stipulates the company will buy the deceased owner’s shares.

• The longer you leave a windshield chip, the more likely it will get worse. Weather changes or simply driving over a pothole, speed bump or uneven terrain puts additional pressure on the edges of a chip, which can lead quickly to a crack. Repairing a chip is also less expensive than windshield replacement. In some cases, repairs can be completed in just 30 minutes.

• A damaged windshield may compromise you and your passengers’ safety. A chip reduces the strength of a windshield by up to 70 percent and damaged glass is much more likely to crack, according to repair experts Safelite AutoGlass®. If you’re in a rollover accident, you rely on your windshield to help stop your vehicle’s roof from collapsing. grade 9 electricity test questions Your vehicle glass also helps airbags deploy safely and effectively.

You should also be wary of strangers who say they want to help. Windshield repair harvesters position themselves at gas stations, convenience stores, car washes and even county fairs, and try to convince drivers to replace perfectly good windshields. They even offer cash rebates or other inducements like free movie tickets or car washes. Do not give your car insurance information to anyone until you’re ready to file a claim with your insurer.

• How soon after my glass is replaced or repaired will I be able to use my vehicle? A windshield repair takes about 30 minutes or less and the vehicle is safe to drive immediately. With a windshield replacement, it’s important to have your technician accurately advise you of the safe drive away time, which can vary greatly depending on weather conditions and the type of installation materials used.

Keep in mind that repairs or replacement windshields may be covered under your auto insurance policy. If you need to repair your windshield, some insurers—like Erie Insurance—will waive your deductible (that’s the amount you pay before insurance kicks in) if you have comprehensive auto coverage. That means there is no cost for you. The deductible will only apply if a windshield replacement is needed. (Because coverage varies by state, it’s best to review coverage details with a licensed insurance agent.)