Do You Need a Group Health Insurance in Addition to Home Insurance, Boat Insurance in Mountain View, etc.

There is a huge percentage of population that does not invest in insurance, even though it is one of the most important types of investments one should make in his life. The reason behind this might be because they think they cannot afford to buy insurance or they do not have enough information to help them make an informed decision. Thus it is important that you gather as much knowledge as possible about the various insurance policies, so that you can decide which insurance you need to ensure safety and security for yourself and your family members.

Some of the most common insurance that people know about are homeowner’s insurance, business insurance, auto insurance including boat insurance in Mountain View, etc. But there are a number of other types of insurance policies that may also provide the benefits that you are looking for. Here we will discuss about group health insurance in Stanford and Mountain View CA and why it might be beneficial for you.

What is Group Health Insurance?

Group health insurance is a policy that is designed to offer health-care coverage for a group of people. A group of two people will also be eligible to buy group health insurance. Group health insurance is often provided by employers for their employees which offers healthcare coverage for the employee, spouse, dependent parents and dependent children (up to a certain age).

Why Group Health Insurance is a Good Choice

Unlike individual health insurance, you are not required to submit medical reports or undergo any medical check-ups to buy this coverage. Moreover, there is no waiting period and you can get this insurance with pre-existing conditions. This is the reason why many people consider investing in group health insurance. Some of the advantages of group health insurance include:

  • Lower insurance premiums: Group health insurance is often a cost-effective choice since the monthly premiums are lower compared to individual health insurance. In fact, a group health insurance can be 30 percent cheaper.

  • Maternity cover: Unlike individual health-care insurance, maternity benefits are offered under group health insurance.

  • No waiting period: You are not required to wait (for any period of time) to avail the benefits offered by group health insurance. This is one major advantage over individual health care plans.

  • No medical check-up: Enrolling in a group health insurance is much easier than enrolling in individual health-care insurance, since you need not undergo medical check-ups or submit medical reports.

You may also be eligible to get some additional benefits depending upon the policy you buy or the one provided by your employer. However, the only disadvantage of a group health insurance provided by an employer is that you will no more be able to avail the benefits if you leave the job. Now that you know about the basics of group health insurance, you can better decide whether it will be beneficial for your or not. If you want to get in-depth information, you can discuss it with an insurance agent or directly with your insurance provider.

Why Is It a Must To Own Motorcycle Insurance in Palo Alto & Stanford CA

If you have a two wheeler, then do not consider riding it without a motorcycle insurance in Stanford CA. A motorcycle insurance not only protects you, but also your two wheeler in the event of an accident. It is mandatory to have one by law and at any point in time if you are caught riding without a motorcycle insurance, then you will be in deep trouble.

There is no excuse that can justify you not having a motorcycle insurance in Palo Alto & Stanford CA. You can shop for an insurance easily online nowadays which means that you do not have to go on finding the insurance agency of your choice from pillar to post. You can either ask your friends and colleagues or you can look up the Internet to find the many reliable insurance agencies that can offer you affordable insurance policies. Shopping for multiple quotes help as you get to compare the price and choose the one that best suits your need and budget. In case you have an auto insurance with any agency, then ask them if they provide motorcycle insurance too so that they can bundle it up. Relying on whatever is available online is not a good call. At times, it is better to talk it all face to face with the insurance agent to discuss the needs, rates and more. They will try to offer you a rate that is within your budget and is lower compared to the competitors.

You need to keep one thing in mind and that is you will not get a fixed rate. There are many things that matter while you are shopping for motorcycle insurance in Stanford CA. Factors like style of motorycle, driving history, age, where you live and and the way you store your bike all is counted while shopping for the insurance coverage.

What you should also keep in mind before getting yourself a motorcycle insurance is that you would need to check it all with your state local laws to find the correct type of coverage that fits your bill. While some riders are happy with the basic coverage that includes bodily injuries and property damages for an accident where you are at fault. This will not provide you coverage for all the repairs that needs to be made to the bike. Now, motorcycle insurance do not cover passengers. So, in case anyone is riding pillion, then you will need a Guest Passenger Liability Coverage too. That will cover up for all the injuries that comes to the rider.

The best motorcycle coverage that still remains the first choice is a full Comprehensive and Collison coverage. As per the Comprehensive coverage is concerned, that covers for damages that is disastrous. Collision coverage on the other hand provides coverage for all the damages that have occurred to the bike due to a collision and the insurance company has to pay for the damage.

Choose the best insurance in Stanford and Menlo Park CA

The price you pay toward your home insurance may differ by even hundreds of dollars depending on the insurance company you purchase your policy from.

Here are 7 outstanding tips that would help you save appreciably on your home insurance policy.

  1. Proximity to a fire station – Living next to a fire station might not help you with your sleeplessness, but it can lower your home insurance payment notably. Proximity to a fire station is an important factor in determining the cost of your home insurance in Sunnyvale and Palo Alto CA (being a Sunnyvale resident) coverage against theft, fire, accident or any natural calamity.

  1. Bundling insurance – This is another great way to save on your insurance. You can save more than $300 per year by simply combining your home and auto insurance, renters or condominium insurance with the same insurance provider. Depending on your state of residence, you can save even more. Combining other type of insurance like life insurance or umbrella insurance may also qualify you for a bundling discount.

  1. Loyalty – Don’t change your insurer. Staying with the same insurance company for several years would allow you to get special discount as a loyal, long-term policyholder. You can get up to 5% discount being a customer for three to five years, while the discount may go up to 10% for being a customer for six years or even more. However, you must compare the price with other insurance policies like best insurance in Stanford and Menlo Park CA.

  1. Home improvements – Home improvements including windows, roof, plumbing and electrical systems may qualify you for getting a discount on your home insurance premium. Homeowners often ignore to inform their agents about home renovation and miss the chance of additional discounts they might otherwise get for home improvements. Installing a home security system that dials fire station or police station automatically might qualify for a 5% – 10% discount on the cost of premium. In coastal states like Florida, homes with impact-resistance windows or hurricane shutters qualify for special discount.

  1. Green features – Homes that feature sustainable materials such as bamboo or energy star appliances may also qualify for discount.

  1. Good credit score – Maintaining a good credit score throughout can significantly cut the premium cost. These days, insurance companies use credit information to price home insurance policies. To ensure better credit standing, pay bills on time and don’t get more credit than what you need to keep your credit balance lower. Check credit report regularly and get the errors, if any, corrected so that the record remains perfect.

  1. Value your belongings – Value your possessions at least once in every year. It is quite possible that you want your policy to cover any addition to your home. On the other hand, you don’t want to spend more for coverage you don’t require. For example, you may not be interested to pay any more for your six-year-old fur coat, and you might want to cancel the floater and pocket the difference amount that you can use for some other purpose.

While looking for the best insurance policy with maximum coverage, you may consider mentioned variables.