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  • 1. What things can I do to reduce my auto insurance costs? Views: 117
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    Terms of Use You may not realize it, but the insurance rates you pay for your car can vary dramatically depending on the insurance company, agent or broker you choose, the coverages you request and the kind of car you drive. Listed below are a number of things you can do right now to lower your insurance costs. 1. COMPARISON SHOP . Prices for the same coverage can vary by hundreds of dollars, so it pays to shop around. Ask your friends, check the yellow pages or call your state insurance   More...
  • 2. How much auto insurance do I need? Views: 116
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    Terms of Use Almost every state requires you to buy a minimum amount of liability coverage. Chances are that you will need more liability insurance than the state requires because accidents cost more than the minimum limits defined by each state. If you’re found legally responsible for damages that are more than your insurance covers, you will have to pay the difference out of your own pocket. These costs could literally wipe you out financially! The Insurance Information Institute (I.I.  More...
  • 3. Can I legally drive without auto insurance? Views: 114
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    Terms of Use NO! Almost every state requires you to have auto liability insurance. All states also have financial responsibility laws. This means that even in a state that does not require liability insurance, you need to have sufficient assets to pay claims if you cause an accident. If you don’t have enough assets, you must purchase at least the state minimum amount of insurance. Trying to see how little you can get by with can be very shortsighted and dangerous.
  • 4. What things should I consider when buying auto insurance? Views: 110
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    Terms of Use There are five main considerations you need to take into account when picking an auto insurance company. Insurer financial stability Make sure that the company you buy from is financially stable so you know they will be around to pay any claims. The following companies rate insurance company strength: A.M. Best Company, Inc. Ambest Rd. Oldwick, NJ 08858 908-439-2200 http://www.ambest.com Moody’s Investor Services 99 Church Street New York, NY 10007 212-553-0300 http://ww  More...
  • 5. Saving money on health care Views: 108
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    Terms of Use It's estimated that each year on average Americans spend roughly $8,000 per person on health care. Without putting your health on the line, it's good to know where you can reduce medical costs: 1. Generic drugs: Always ask whether the prescription drug your doctor recommends is available in a generic form. Generic drugs can cost 15-50 percent less than name brands, saving you and your insurance company money. 2. Avoid unnecessary tests and visits . If you move or cha  More...
  • 6. Quick Cost Cutting: Homeowners Insurance Views: 103
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    Terms of Use Things to consider when looking to cut costs on your homeowners insurance: Deductible The first place to start is to consider your deductible. You can save up to 25 percent by simply bumping up the deductible on your homeowners policy from $500 to $1,000. Usually, you won't file a claim unless there's a large damage, so anything less than $1,000 wouldn't be turned over to your insurance anyway. Multiple Policy Discount If you combine your homeowners policy with at  More...
  • 7. What are health savings accounts? Views: 101
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    Terms of Use A Health Savings Account or HSA is a way to save for health care costs while also reducing your taxable income. HSA contributions are made before your income is taxed, and you don’t pay taxes on the account’s growth. When you make withdrawals for eligible expenses, you don’t pay tax on that money either. Think of an HSA like a savings product that offers you a way to pay for your health care expenses and save for future qualified medical and retiree health ex  More...
  • 8. Is it a good idea to buy credit insurance? Views: 78
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    Terms of Use: It is almost always better to insure yourself against income loss or death by purchasing regular life or disability insurance instead of credit insurance . When you finance cars, consumer goods, mobile home sales, and residential mortgages, salespeople may try to sell you four types of credit insurance: • credit property: insures against damage or loss to whatever item secures the loan • credit life: pays the loan balance in case of death • credit disability/accident and heal  More...
  • 9. Do I have to be a member of AmeriCU Credit Union to have insurance with AmeriCU Services, LLC? Views: 73
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    While we would love you to be a member and take advantage of all that AmeriCU Credit Union has to offer, you do not need to be a member to get insurance from us. Stop by any AmeriCU Financial Center, call 315.356.3300 (Utica/Rome) 1.800.352.9699 or email us at services@americu.org to learn more about how you can benefit from friendly, cost conscious, high quality, concerned and experienced licensed agents.
  • 10. What should I do if I do not get an acceptable offer from an insurance company to settle a claim? Views: 72
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    Terms of Use: Try the following steps if you are not satisfied with how your insurance claim is being handled: Let your agent or company representative know that you are unhappy. If this individual is unable to solve your problem, get the name and phone number of the head of the insurer's claims department. Your insurance company may also have a consumer complaint department that may be helpful. Be prepared to support your case. Send documents and a letter explaining why you are not satisfie  More...

All information provided through this site is intended to be accurate. However, there may be inaccuracies from time to time which we will make every attempt to correct immediately. Information provided is intended to assist you in making decisions and does not eliminate the need to discuss your particular circumstances with a qualified professional.