Insurance

How to Get a Free Home Insurance Quote

Whether you’re closing on the purchase of a home or trying to reduce insurance costs, getting home insurance quotes tops your to-do list. But, before you pick up the phone or go online to shop for homeowners insurance, do your homework. Having information about your house readily available saves time when speaking with an agent or filling out forms online. While no one likes to spend time researching or paying for a product they hope never to use, protecting your financial future and one of your most significant investments – your home – is priceless. Let’s review what you’ll need…

What is a Medicare Advantage Plan?

If you’re 65 or close in age, you’re likely looking at Medicare options. And if a Medicare Advantage plan is right for you.  Medicare offers many plans and options above the base level, to meet your healthcare needs. At first glance, Medicare can seem complicated. But with the right Medicare insurance agent on your side, it doesn’t have to be. Your licensed SelectQuote agent will walk you through your Medicare options, including who qualifies for free Medicare Part A, the ins and outs of Medicare Parts A, B, C and D, and help you make the best decision based on…

Understanding Medicare Enrollment Periods

Each year there are set times a person can enroll in Medicare or change existing Medicare plans. There are separate enrollment periods for Medicare Parts A and B (Original Medicare) and Medicare Part C (Medicare Advantage). Medicare Enrollment Periods Initial Enrollment Period (IEP) – the first time an eligible person can enroll in Medicare Parts A and B. This timeline begins three months before the month of a person’s 65th birthday and continues through the three months after a person’s 65th birthday. Initial Coverage Election Period (ICEP) – the first time a newly eligible person can enroll in a Medicare…

Leasing a Car – Does it Make Sense for Your Money?

According to data at Statista, about 30 percent of Americans lease their vehicle. Are they onto something good or are they making a huge financial mistake? Let’s take a look at how vehicle leases work, pros and cons of leasing a vehicle, how a vehicle lease impacts your auto insurance, and whether or not a vehicle lease makes sense for you. How Car Leases Work When you buy a car, with or without a loan, it is clear you own the car. And it’s clear what happens when the loan is paid off. With a lease, things work differently. Rather…

Umbrella Insurance: When You Need Extra Protection

Just like an umbrella protects you from rain, an umbrella insurance policy is extra coverage if you’re at risk for being sued for damages to other people’s property or injuries caused to others in an accident. An umbrella policy also protects against libel, vandalism, slander and invasion of property. This kind of coverage is beneficial if you’re sued and the settlement amount of your base auto or homeowner policy is exhausted. An umbrella policy can literally protect you from financial ruin in the worst case scenario. Although not for everyone, an umbrella policy, often called “excess liability insurance,” is recommended…

Shopping for Homeowners Insurance? What you Need to Know

Whether you are purchasing your first home insurance policy or seeking to update your coverage, talk with your SelectQuote agent to make sure you’ve got your bases covered. Things may seem complicated, even with a basic understanding of how home insurance coverage works. It makes sense to have questions for an expert when you shop for homeowners insurance. Here are five important questions to ask your SelectQuote agent about homeowners insurance. Does my homeowners insurance policy cover replacement cost or the actual cash value? Insurance agents strongly suggest replacement cost policies. However, some homeowners purchase actual cash value policies because…

How to Prepare for the Cost of Aging with Long-Term Care Insurance

Insurance involves thinking about the possibility of misfortune—everything from a damaged car, to a damaged home, to damaged heath. And the older we get, the more we need to consider the possibility of long-term care (LTC) insurance to help in our twilight years. What is Long-Term Care Insurance? LTC is an insurance policy that pays for care when you can no longer manage yourself. Should you need to enter a nursing home, move to an assisted-living facility, use an adult daycare center or have a caretaker in your home, LTC can protect you, and family members, from financial disaster. How…

Vision Coverage on Medicare: What You Need to Know

Millions of Americans experience vision problems. This number continues to rise as the population ages. In fact, a study by the National Institutes of Health indicates that by 2050 the number of Americans with a vision problem will hit more than 8 million people, double what it is today. If you’re on Medicare and experience vision problems, you may be wondering about your coverage for eye exams and vision care. The risk of vision loss increases with age but most routine eye exams are not covered by Basic Medicare (Parts A and B). So what is covered and what do…

What You Need to Know About Motorcycle Insurance

For motorcycle enthusiasts, a weekend trek with the motorcycle community is many rider’s idea of paradise. Don’t have the right motorcycle insurance? Paradise can quickly turn into something else. To stay in motorcycle bliss, make sure to protect yourself, your precious bike and others. Before selecting or renewing motorcycle insurance coverage, here’s what you need to know. First, you need insurance. Most riders are required by law to — at a minimum — to purchase liability coverage. Motorcycle Liability Coverage: Bodily Injury and Property Damage For motorcycle liability coverage, there are two different types: bodily injury liability and property damage…

What You Need to Know About Your Medicare Card

When you enroll in Medicare, you’ll receive a card that proves your enrollment. Like most other health insurance cards, you present the card when you get medical care. Social Security and Your Medicare Card If you’re turning 65 and you’re already receiving Social Security benefits, you’ll get a Medicare card automatically – it should show up in the mail three months before your 65th birthday. If you’re turning 65 and not yet getting Social Security benefits, or if you need Medicare for other reasons, you can apply in three different ways: online at www.socialsecurity.gov, by calling Social Security (800-772-1213) between…

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