Insurance for High Risk Drivers

What Is a High Risk Driver?

 

Some people are better drivers than others, this is just an indisputable fact. People who have a history of car accidents or collisions are often deemed high risk drivers, because they have a greater statistical likelihood of being involved in an accident. Additional risk factors that affect categorization as a high risk driver includes convictions of reckless driving, driving under the influence, and numerous traffic citations and speeding tickets. Unfortunately, such drivers are often subject to much higher insurance premiums, due to their statistical likelihood of getting into an accident.

 

Being a high risk motorist does not always correlate to your driving behaviors in the past. For example, if you are a teen motorist, you will be labeled high risk whether you have a tarnished driving record or not. For some reason, teenagers have a higher probability of committing traffic violations, or getting into collisions. Furthermore, if you do not own your own home, you too may be subject to a similar bias. While this seems unfair, people who are not homeowners are typically perceived as unstable. If you have never had insurance before, then you may also be categorized as a risky driver.

 

Another strange, deciding factor in your risk level as a driver is your insurance credit score. Acquiring a high insurance score is relatively challenging, but it does factor in. Typically, individuals with a low credit score incur more risk probability than those with a higher credit score.

 

The Right Steps

 

If you are a high risk motorist, there are a few fundamental steps that you can take to remedy the situation. While you cannot efface your driving record from existence, you can take vital steps to lower your perceived risk. For example, you may consider taking driving safety courses that are approved by your insurance agent. Or, you may even consider selling your current car model in exchange for a less risky model, acclaimed for its safety features. If you drive safely, follow traffic laws, and refrain from getting a ticket for about a year, this will improve your driving record, as well.

 

A High Risk Insurance Provider

 

FAJUA, or The Florida Automobile Joint Underwriting Association from YourFloridaInsuranceQuotes.com, caters to drivers who have been categorized as high risk. This company recognizes that people fall prey to mistakes throughout their lives. Individuals may struggle to afford their next credit payment. They may be subject to the occasional speeding ticket. Furthermore, a person may simply be stigmatized a high risk driver because of their demographic (e.g. teens). Regardless of one’s circumstances, everyone deserves a fair shot at car insurance. FAJUA provides insurance to those who have been rejected by other agencies. When there is no one else to turn to, this company is there to provide all required auto insurance services. When you need a last resort, this is the place to turn to.

 

This is a great alternative because it can grant you a nice reprieve from your endless car insurance search. Whether you have received serious traffic violations, or merely fall into the category of a high risk driver, this company can help you.

This entry was posted in FAJUA.

Will Healthcare.gov Make You Sick? A Look at the Healthcare.gov Marketplace and Health Insurance

Is It Still Broken?

 

We have all heard the stories and been fed all the excuses, but is Healthcare.gov actually working? Or does it need another bandage. The site seems to be up and running so it’s time to take a better peek.

 

How It Works

 

When you log on to the site, it will instruct you to pick the state where you live so that it can better find the right plans and policies for you. Also, some states have their own marketplace where others are run by the Federal Government. You will then create an account. This will require you to give up some personal information, pick a user name and password, and you will be able to choose security questions to make your account even more secure.

 

Applying

 

Once you have established your account, you will be able to start the application process. You will need to provide information about yourself and your family. You will also be asked if you are eligible for any other coverage, how many people live in your home, and your income.

 

Picking That Perfect Plan

 

The next screen can be a little overwhelming depending on how many plans you qualify. They do list them all side by side and try to make comparisons easy. You can look them all over, pick the pros and cons, compare prices, and find out how you can get even lower costs on your premiums and your co-pays.

 

Enrollment

 

The final step in the process is enrollment. Here you will have chosen your plan by finding the perfect one that will meet your needs. You will be instructed on how to finish the enrollment and you will also find out when your healthcare coverage will start.

 

 

 

 

What Else Do You Qualify For?

 

The goal of the healthcare market place is to make sure you are covered. The market place can tell you if you qualify for private health insurance plans, Medicaid, or CHIP. Private health insurance coverage varies but most will offer lower costs based on your income, coverage on basic essential health benefits, preventative care, and already existing conditions. Medicaid provides coverage for millions of Americans with low and limited income. If the marketplace determines that you qualify for Medicaid, they will share that information with your state so that the state agency in charge (usually a Dept. Of Health and Human Services) can contact you. The marketplace will also determine if your children may be covered under CHIP (Children’s Health Insurance Program)

 

Do You Have to Do This Process If You have Coverage Where You Work?

 

The short answer is no. You can consider a marketplace plan, BUT if you do switch, you likely won’t qualify for the lower costs unless you can’t afford your job based plan or your job based plan doesn’t meet the minimum requirements. In addition, your employer may no longer agree to make a contribution to your new premium. A much better option is to contact an online Insurance company like YourFloridaInsuranceQuotes.com.

Should I Buy Renters Insurance?

A question frequently asked by renters is whether or not they should buy renters insurance from someone like http://yourfloridainsurancequotes.com/renters-insurance-quote/? This article will help you understand what renters insurance covers and how to get the best value for your policy.

Because the Unexpected Happens

You accidentally leave the water running, you drop something sharp on your leather couch, or in the worst case scenario, your apartment is broken into or vandalized. It doesn’t take much for you to need to replace a valuable item or items. That’s where renters insurance comes in. The reason you have renters insurance is to compensate you for property that is damaged or lost. This policy can make all the difference in how much you will have to pay out of pocket to replace certain items.

However the facts say that less than half of all renters have renters insurance policies, compared to over 95% of homeowners. The reasons are many, but they boil down to two camps. One is that you don’t own “enough” or that what you have isn’t valuable enough. But at a certain point, your possessions have a real value and you have to become serious about protecting them. The other thought is that your landlord will be responsible for damage to your personal property. Bu the fact is, your property manager is only responsible for a small fraction of damage that can occur in your apartment, a fact that is probably spelled out in your lease. In fact, many landlords are requiring tenants to have their own renters insurance policies.

Determine How Much Coverage You’ll Need

Unlike homeowner’s insurance, which uses the purchase price of your house as a starting point, renting is a different matter. You will want to make sure you have enough insurance to cover the full value of anything you want to insure. It’s a good idea to photograph or video your apartment so that you can have a record of the items. The insurer will want to have proof that you actually own the item that you’re insuring. Also, keep in mind that renters insurance provides a general level of compensation.

Another thing to think about is if you want a policy that covers replacement cost or actual cash value. For example, if your couch is 10 years old, the cost of a new couch would greatly outweigh the depreciation that has occurred. So you’ll want to make sure your policy will cover the replacement cost. That same logic applies to specific items such as an engagement ring (and other jewelry), expensive electronics, expensive artwork, or collectibles. You’ll want to make sure these items are specifically covered by your policy. A common practice for items like these is to get a separate rider to your policy as many regular policies are capped at a certain level (typically around $1,000).

Be Sure You Know What’s Covered

In insurance language, you will be covered for different perils. A peril is an event that can cause loss or damage to property.

The “named” perils in your renters policy may include:

• Fire or lightning

• Damage from high winds

• Smoke damage

• Vandalism

• Theft

• Water Damage (Accidental Discharge)

Make sure you understand what perils are covered. You will definitely want to make sure your policy covers fire and flood damage. Storm damage is also a good idea as lightning strikes can easily damage a television or computer.

Another thing that your renters policy includes is liability protection. In a society that looks for any reason to sue you, you need to consider what would happen if someone is injured on your property. Would you be able to pay legal fees? Your renters insurance can help with that.

It can also help with medical payments coverage. This would cover guests who don’t live with you, but who are injured on your property.

How to Get the Best Price

One of the best places to shop for renters insurance is through the agency that carries your auto insurance. Bundling your policies will generally result in a better price on both. Another area where you can increase your savings is by increasing the size of your deductible. A deductible is the upfront cost you pay before your insurance company will start to pay for losses. A high deductible will leave you with more responsibility to cover your own losses, but that’s when you have to remember that insurance is protection against what may happen, not what will happen. Insurance companies will be happy if you agree to share that risk.