Educate Yourself with Insure U
I don't know about you, but I think dealing with insurance issues--trying to select the right policy, whether it's life or health insurance, auto or home protection--is almost as enjoyable as filing my taxes.
But the National Association of Insurance Commissioners is trying to make things a lot easier with its new educational Web site, Insure U. The Web site is jam-packed with information and tons of good tips. Better still, it's organized in such a way to make the education and decision-making process simpler and less daunting. First, you select your appropriate age group (young singles, young families, established families and empty nesters/seniors) and then the appropriate category that you want to learn about: auto, home, life and health. That makes it easy for you to focus on your particular needs; no need to scroll through lots of information you don't care about.
Here's just a sampling of some of the tips:
For young singles considering auto insurance: "Taking a defensive driving course may help lower your premiums."
For young families weighing life insurance: "In determining the amount of life insurance to purchase, make sure to take into account your full childcare costs -- especially for children under 5 years old and for kids with special needs. Take the time to estimate these costs carefully, and factor them into your decision-making process."
For established families reviewing their homeowners policy: "If you have a child about to go away to college who will be living in a dorm or apartment, be sure to check your homeowners policy to see if their possessions will be covered. In many -- if not most -- cases, they will not be covered under your policy, and you may want to consider purchasing separate coverage."
For empty nesters/seniors auto coverage: "As a mature driver (typically age 55 - 70), you may be eligible for discounts. After age 70, the incidence of serious accidents escalates significantly, so the discounts might cease."
Insure U also has online quizzes to test your knowledge. Trust me, they're hard--but thankfully, they also help you learn from your mistakes.
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Posted by: The Cosmic Avenger | April 4, 2006 11:34 AM
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