Few people seem to have actually calculated how many things require insurance these days. There are a lot of them, that’s for sure. However, that’s not the crazy part. Oh no, we’re just getting started. And the best part is this for the True Insurance Facts:
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Some of These True Insurance Facts Can Help You Save Money
That’s right, there are a few tips and tricks that not many people are aware of – and you can jump a lot of financial hoops this way. Alright, let’s not waste any more time.
1. Healthcare for Workers’ Parents Might Be Included
Are you looking for a new job? Then look carefully, because there are a surprising number of employees that offer healthcare insurance for you AND your parents. You might also be surprised to find out that some employers also offer pet insurance, which is just crazy.
Of course, some jobs are covered by many insurance benefits by default. For instance, if you’re working in a brokerage company, you might benefit from consistent event insurance for brokers from the start. Oh, and don’t forget that some employers also offer healthcare insurance for your spouse and your children as well.
2.Insurance Is Much Older Than You Might Think
The first written insurance policy was found on an ancient Babylonian monument. King Hammurabi’s Code is probably the most well-known set of rules and regulations worldwide that also happens to regulate something that didn’t quite have a definition back then but that we now know as insurance.
One of these laws, more specifically, stated that a debtor needed not to pay his or her debts on time in case of a disaster, catastrophe, or any other unforeseeable extreme event.
3. You Might Want To Put Off Buying a Car for Your Child’s Sweet 16
There are many memorable gifts that you can get your kid for their sweet 16. And while many of them are expecting a car, you might want to hold off on that thought. You see, car insurance for teens can get quite expensive. Like, a lot more expensive.
Adding a 16-year-old to your policy can cost you as much as $3,000 or $4,000 or more, respectively. The reason behind this is that 16-year-olds tend to have twice as many accidents compared to 18- or 19-year-olds. However, if you do want to get your 16-year-old a car no matter what, you should probably shop around for insurance to get the best possible offer.
4. Check To See If Your Dog’s Breed Is Prohibited by Your Home Insurance
Yes, it’s true. Your dog’s breed might influence your insurance-purchasing options. There are many insurance providers who prohibit you from owning certain dog breeds that cause trouble. Dog breeds commonly excluded from standard policies include Akitas, mastiffs, pit bulls, Alaskan malamutes, and Rottweilers.
The reason behind this is that these breeds tend to bite people more often than numerous other breeds combined. Because of those bites, more people require medical care and the insurance company ends up paying for it. And, of course, the insurance companies don’t want to lose their profit margin, which is why they tend not to cover certain dog breeds.
5. Careful With That Credit Score – It Will Affect Your Insurance
While there are some states that limit just how much insurance companies can spy on your insurance score, the truth is that most of them will take it into account when offering you premiums and other benefits.
Their philosophy is simple and it makes a lot of sense: depending on how you manage your money, you can tell how likely it is that you will file insurance claims. If you know your stuff, it’s less likely you’ll need a bailout, right?
The Bottom Line
Knowing these insurance facts should help you get better premiums and cheaper insurance offers overall. Make sure to share this article with your friends so you can help them out as well. You can also leave us a comment with your thoughts if you’d so like.
