How to Verify Auto Insurance


For anyone who needs to make sure that a prospective employee can drive a company car, you will probably need to verify that the employee has some form of car insurance. Or, if you are financing a loan for a car, you will need to make sure that the debtor has insurance. Fortunately, verifying auto insurance is an easy process.

Instructions for you:

1. Gather information about the auto insurance that you want to verify. Specifically, get the name of the policyholder, their address and phone number, the name of the insurance provider, the policy number, and the expiration date of the policy. Try to get the insurance card or proof-of-insurance card of the person being verified.

2. Determine the contact information for the auto insurance group or agency. This information should be on the insurance card.

3. Contact the insurance agency and give them the information you have. The insurance agency should be able to tell you whether or not the person has an active policy.
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How to Negotiate with Auto Insurance Settlements


An auto accident can be a very serious ordeal. You may be dealing with injuries, emotional trauma and a vehicle that can't be driven. You may have to take time off work, and fixing your vehicle on top of paying your medical bills may not be an option. If you've been injured in an auto accident or even if the only damage done was to your car, you deserve an insurance claim settlement, and there are strategies for negotiating the settlement you deserve with the insurance company.

Instructions for you:

1. Gather all your paperwork and documentation before you set up a meeting with the insurance adjuster. This includes medical bills, vehicle repair estimates, the police report and pictures of your vehicle and your injuries. You should also have paperwork from your company verifying how many days of work you missed and how much money was lost during this time. If you need future medical treatment, bring proof of this from your doctor.

2. Bring copies of all your documentation and paperwork to give to the insurance adjuster. This shows that you have nothing to hide and that you're ready and willing to share all the facts about the auto accident.

3. Be prepared for the insurance adjuster's questions. She may attempt to confuse you so that you change your story. Don't be intimidated by the insurance adjuster. Know the facts, recreate the scene and have your paperwork and documentation ready to back you up.

4. Have an idea of the amount you need for your settlement, and don't accept less. You have your medical bills, and you should have a vehicle repair estimate as well. If you needed to take time off work to recover, you know how much money you lost. Add up all these sums and make it clear to the adjuster that you deserve every penny you lost as a result of the accident.

5. Don't ignore your pain and suffering. Typically, the amount victims are awarded for pain and suffering is three times the total amount of the medical bills. Have this figure prepared, and let the adjuster know the extent of your injuries and that you deserve compensation for your pain and suffering. Don't waiver on this point, and don't let the adjuster cite other examples of similar cases where the victim received less. You're meeting with the adjuster to discuss your case and your case only.
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How to Sell Auto Insurance


The auto insurance business is very competitive these days. With the advent of online and phone call auto policies, something has been lost in the process. Taking care of your client's needs is your number one concern, and is something that the virtual auto insurers just can't do. Here is how to sell auto insurance in an increasingly competitive market.

Instructions for you:

Step 1. Check the licensing requirements in your state and get licensed. Each state has separate requirements for each line of coverage. Make sure you meet the testing and application requirements for selling auto insurance.

Step 2. Consider partnering with an auto insurance carrier such as State Farm, Allstate or another partner. These carriers are trusted names and come with brand recognition.

Step 3. Develop a marketing strategy. Use things like billboard advertising and direct mail to reach your potential clients. You may also want to consider hiring a marketing agency to help you.

Step 4. Publish a user friendly website. Make sure that your clients have access to a web-based tool to make changes to their policy and can contact you via email. Visit siteforless.com, which develops websites specifically for insurance professionals and can custom design a website for your auto insurance policy holders.

Step 5. Make communication a top priority. Consider developing a content-rich e-zine (electronic magazine) that is delivered into your clients' mailboxes once a month. This will keep your name in front of your clients and will give them some helpful information too.

Step 6. Verify that your clients know and understand their auto policy limits and coverage as well. This is the type of service that you provide that the others simply cannot, and this is what sets you apart from the competition.
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How to Find Good Auto Insurance


Understanding how to find good auto insurance is important when you want to get adequate coverage and an affordable premium. There are some things that you need to know as well as what to look for when searching for good auto insurance. Always ask the insurance company question pertaining to the coverage and discounts before agreeing to any premium. Shop around so you can find the best insurance that fits your needs and budget.

How to Find Good Auto Insurance

Step 1. Schedule a few appointments with different insurance companies to obtain quotes for good auto insurance. It is also possible to use an online quote service, but you might not be able to discuss all the options and discounts that may be available. Some online companies that give quotes online are Progressive Insurance and AIG Direct. You can look for quotes online and then talk with an agent if you find something of interest.

Step 2. Visit or talk to each insurance company to see what type of coverage they can offer. This should include any discounts for multiple cars or drivers and discounts for clear driving records or discounts for combining all insurance policies with one company.

Step 3. Compare all quotes to see which one offers the best coverage with a lower deductible. Compare what type of discounts you can receive or nor receive from each company. Look at the discount for payment options. If you pay yearly, quarterly or bi-monthly, you should see a price difference on the premium.

Step 4. Check the insurance coverage to make sure it has uninsured driver and a rider to cover the cost of a rental car if your car becomes disabled due to an accident.

Step 5. Talk to the insurance company direct if possible instead of going through an agent. Ask any additional questions and then may a decision about which insurance will be the best for the cost.


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What Are No-Credit-Score Home Loans?


Consumers who wish to purchase a home may be tempted by offers of easy and speedy "no credit check" home loans. Be advised: there is no such thing as a home loan without a credit check. However, even in today's tight mortgage market, there are options if you have no credit or bad credit.

No-Credit -Check Home Loans
A buyer who applies for a "no-credit-check" home loan is looking for mortgage approval without having her credit history checked. Be wary of these mythical offers: only a predatory lender would attempt to sell a "no-credit-check" loan. Even if a buyer were able to obtain a loan of this type, the interest rate and fees associated with the loan make it likely that the buyer would be able to find a better deal just by providing basic background information.

Confusing the Terms
A lender may lure a potential buyer by claiming a "no-credit-check" prequalification. In this case, the applicant provides basic information, such as employment, income and expense history. The lender issues a "prequalification" letter that the buyer uses as proof that she will get approved for a loan. However, the credit will be checked during the underwriting process. An applicant who misrepresents her financial condition will be rejected.

Options
Presumably, a buyer who doesn't want her credit checked has a good reason for wanting to circumvent this step. Late payments, foreclosure and bankruptcy have a significant effect on the mortgage approval process. Even in today's difficult mortgage market, lack of credit or bad credit does not make it impossible for a buyer to find a loan, and veterans and public servants enjoy friendlier options. However, be prepared to pay higher interest rates, put more money down or find a cosigner.

Next Steps
Two resources for homebuyers concerned about their credit status are the National Foundation for Credit Counseling and the Federal Housing Administration. The NFCC has a free online homeownership tutorial and provides personal counseling, as well; the NFCC does not provide loans. The FHA offers government-backed programs with traditional lenders, including lower down payment and credit score requirements. Special programs are available for public servants and veterans. Alternatively, finding a willing cosigner increases the chances that your loan application will be approved.
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How to Get No Credit Check Loans


If you've got bad credit or no credit history at all, qualifying for a loan through a bank or credit union is difficult, if not impossible. The alternative is to seek a no credit check loan through a payday loan company or similar business. With this type of loan, your credit history doesn't affect your ability to get approved. Applying for a no credit check loan is a fairly straightforward process.

Instructions for you:

1. Determine what type of no credit check loan you want to apply for. With a payday or cash advance loan, you write a check to the lender and if gives you a loan minus a fee. The loan must be repaid when you get your next paycheck. If you own your car or a valuable piece of personal property, you can also get a title loan or pawnshop loan without a credit check.

2. Research payday loan offices, cash advance lenders and pawn shops in your area. When comparing these lenders, pay special attention to the fees they charge, the interest rates they offer and the type of repayment terms they offer.

3. Complete the application process once you select a lender. You typically need a driver's license or other government-issued ID and your most recent pay stubs if you're applying for a cash advance loan. The lender will also need your bank account information if you want to receive the money via direct deposit. You'll need your car title or the property you're using as collateral if you're applying for a title or pawnshop loan.
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How to Get a Loan With No Credit Check & Bad Credit


Sometimes a situation arises where you need money as soon as possible. Or perhaps you hope to purchase a home or a car but a bad credit rating may keep you from being approved. It is possible to get a loan with bad credit -- or without undergoing a credit check.

Instructions for you:

1. Obtain your credit score. You can purchase your credit score online through Experion, Equifax, or TransUnion. If you attempt to get a loan and you know your credit score you can tell it to the lender and see if you are likely to qualify for the loan without the lender pulling your credit rating. You can access your credit report by going to sites like annualcreditreport.com or freecreditreport.com.

2. Determine what collateral you may have. Oftentimes if you have an asset that can be liquidated you can use that as leverage for approval for a loan. For example, you can use your car as collateral to get a loan based on its current value if you own the title free and clear. You can also use any expensive artwork or coin collections, or even your home, as collateral for a loan. Typically your credit doesn't matter in this case because you have something to give up if you do not successfully pay the loan back.

3. Try to borrow from local lenders or banks that specialize in subprime customers. There are lenders that deal with those with lower credit scores. Some local lenders are willing to do so because they may be able to find you easily in the event they want to sue you to get the money back. Bear in mind that the interest rates when getting a loan without a credit check or with bad credit will be higher. A web site called controlyourcredit.com, run by the U.S. Treasury Department, can help you determine how much it is costing you to have a bad credit score as opposed to a good credit score. The good news is if you pay off the loan while making timely payments you can increase your credit score, which will help you get loans in the future.

4. Use a payday loan service. Payday loan services will lend you anywhere from $100 to more than $1,000 until your next payday. They typically will not conduct credit checks, as your job is your credit. They usually require you have a checking account, a job, and, in some cases, collateral. Their interest rates can be extremely high and you should only consider this option if you need a short-term loan. Interest rates can be as high as over 100 percent -- for example, borrowing $300 will end up costing $90 in financing charges if you pay off the loan two weeks later. The Federal Trade Commission website offers warnings about payday loans. The agency urges caution when selecting a company and also suggests alternatives.
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