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Insurance - Questions & Answers

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what are the different types of insurance?

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Joliet 4.

Some significant ones per Dave Ramsey:


  • Auto Insurance
  • Homeowners/Renters Insurance
  • Umbrella Policy
  • Health Insurance
  • Long-Term Disability Insurance
  • Term Life Insurance
  • Long-Term Care Insurance
  • Identity Theft Protection


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What is typical monthly payment?

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What kind of discounts do insurance companies offer?

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  • Home, auto and life insurance bundle policy discounts if you use the same provider.
  • Discounts for military personnel, federal employees, teachers, first responders and their families.
  • Safe driving discounts.
  • For those with teenagers on their auto plan, good grades discount.
  • Multiple cars discount.
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What is an insurance premium?

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YP Answers

When buying a policy, the person agrees to pay a premium, which is small, regular payment based on the losses that may occur. If the insurance provider determines there is a greater chance of risk as compared to the average policy, the premium is usually higher. Premiums are often paid monthly, and can add up over time up to be greater than the expense of replacing the insured item....Read More

What is a deductible?

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The amount the policyholder must pay before an insurance policy begins covering an expense is called the deductible. In the event of damage or loss to whatever the policy covers, the policyholder is responsible for the deductible no matter what. If the cost of damage or loss is less than the deductible amount, the insurance company does not pay anything. If the cost is greater than the deductible, the policyholder only pays the deductible, while the insurance pays the rest. Generally, the deductible amount is related to your premium, with a higher deductible usually requiring a lower premium, and vice-versa....Read More