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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…

Insurance Protection for College Students

Term life insurance likely isn’t on the radar for college students. They are focused on hanging out with friends, finding an internship and keeping up with social media. After all, they’re young and healthy and any vague thought about an untimely death is scary business and best avoided. Financial experts, on the other hand, advise that term life insurance for college students is extremely important to at least these categories: Students whose parents have co-signed a student loan. Students with a family or financial obligations like a mortgage or other debt. Students with dependent families. The High Cost of Education Consider,…

3 Reasons Why Location Influences Home Insurance Rates

Location. Location. Location. We’ve all heard this common phrase in real estate and understand it can affect the market price of homes. What many don’t know is location also impacts home insurance rates. When determining your homeowners’ insurance rate, insurance companies take many factors into consideration. Each insurer has its own underwriting criteria and factors that influence rates. While some criteria are standard, some vary from one company to the next. For example, one insurer may prefer new construction. Another may choose not to insure homes built using certain materials, such as log homes. The insurer is assessing risk. Each…

Why Estate Planning Is for Everybody

Estate planning and life insurance go hand-in-hand. Or, as Forrest Gump might put it: they go together like peas and carrots. Thinking about your last will and testament and other end-of-life decisions usually involves thinking about your life insurance needs, too. Unfortunately, avoiding one usually involves avoiding the other – and the majority of Americans are falling short when it comes to estate planning. Do you have an estate plan? Do you have life insurance? If not, here are some compelling reasons to get you going on both fronts. Everyone Has an Estate The popular connotations of the word “estate”…

How Much Life Insurance Do You Need?

Not sure how to determine your coverage amount? You’re not alone. By adding up your basic expenses, you can get a pretty good sense of how much life insurance you need to protect your family. It’s not difficult to understand why life insurance is a great way to protect your family’s financial future in case something happens to you – after all, when your life ends, so does your earning potential. The difficult part is figuring out how much life insurance you need to make sure your family can carry on without you. There are several ways to go about…

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