Direct Insurance: Security For The Future

2007-03-08 10:33:40

( Insurance )



Life is filled with uncertainties; therefore getting insurance coverage for yourself, your family, and properties is one of the best investments you can make. With the large number of insurance providers in business, direct insurance seems to be gaining more and more attention from consumers. The following is an explanation of how direct insurance works and tips to get the best insurance policies.

What Is Direct Insurance?

Direct insurance covers a wide variety of insurance policies offered by direct insurance companies. These direct insurance companies operate without agents or brokers and mostly through the phone and online. They provide almost all of the services you can find in a traditional insurance provider but without the personalized customer service. They are an option if you want to save on your insurance premiums and don’t mind foregoing the advice that insurance agents can give. Accordingly, they are not recommended for people who need constant customer assistance and supervision.

How To Pick A Direct Insurance Company

One of the first things you can do is ask for suggestions from people you trust. Start with a shortlist of five companies. Contact them and ask for written proposals along with a detailed explanation of their policies. Research about these companies’ history and current financial ratings. Note that the higher the company’s industry rating, the more stable it is financially. Also, don’t forget to ask about their claim filing process and available discounts.


Money Saving Tips

There are many ways to get cheap, quality insurance, but the most effective way is to provide information in its most accurate form. Meaning, if you are looking to save on direct auto insurance for example, be transparent about your driving record. There’s no point in lying because insurance companies will check your records anyway. If you do lie you run the risk of invalidating your coverage making you ineligible for eventual claims. You’ll also get insurance misquotes which will lead to higher premiums. Meanwhile, if you are thinking of buying multiple lines of insurance such as insuring two or more cars, properties or family members, try getting all your policies from one company. This will entitle you to substantial discounts, especially if you take the initiative to ask for them. Know all the values of the properties you want to insure, so as to avoid being overcharged. Avoid purchasing coverage that you already have. For example, if you already have mortgage insurance for you and your family, you can just refuse the medical insurance offered by auto insurance companies in their policies.


While you might be challenged with the costs of insurance, do not let this prevent you from getting at least one. You’ll never know when you’ll need it but it’s at least comforting to know that in case something untoward happens you have insurance as fallback.


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