Looking for insurance information? Here are five resources you should be following online to make sure you are getting the best deal.
Are you looking for the right insurance provider for your insurance needs? It may seem an impossible job, but it really isn’t. There are a number of resources out there that can help you find the information you need to make the right insurance decisions. Here are five insurance resources you should be following online.
Consumer Reports is an independent, non-profit organization that dedicates itself to keeping consumers informed. The organization provides evidence-based product testing and ratings, but it also conducts investigative research and offers public education in order to ensure consumers have access to the knowledge and insights they need to make informed decisions about their insurance needs.
Why follow consumer reports? Because first-hand reviews and third-party research is the best way to find out the unbiased information you need to know about the company you are considering purchasing your insurance from. If there have been negative experiences in the past, or if a particular insurer has great reviews from certain individuals, but negative reviews from others who are more similarly circumstanced to you, then you may be better off looking for a different provider.
The National Association of Insurance Commissioners’ Research & Actuarial Department provides insurance regulators, consumers, academics, industry and government entities, and other interested parties with the insurance information necessary to keep track of the insurance marketplace.
Why follow the NAIC? Because keeping track of the statistical, actuarial, financial, and market conduct information can help you make the right decision when it comes to choosing insurance for yourself or your business. The NAIC also provides insight into regulation, which means you can keep better aware of insurance regulatory requirements—both on your part and on the part of your provider.
Dictionaries of insurance terms and definitions, like the one offered by www.insurancejobs.com, offer an important breakdown of the different terms and insurance jargon you are likely to encounter when choosing an insurance provider.
Why follow resources like this? Because being able to consult a reliable and professional source for terms that may seem vague—or for terms that seem clear but may actually refer to something that resembles but doesn’t quite match what you are looking for—can help you avoid making mistakes when selecting insurance that could prove costly in the long run—especially if you end up being denied a claim as a result.
The Insurance Journal
Insurance news sites like http://www.insurancejournal.com/ offer up-to-date information on what’s new in the insurance industry, as well as the latest news reports involving insurance and insurance claims.
Why follow this resource online? Because staying in the know about updates to the insurance industry could mean savings for you—if you are aware of them in time to act. It is also important to keep an eye on the news reports on denied insurance claims, insurance fraud, etc. If something pops up in the news that bears a bit too much similarity to your circumstances, you may want to look into it with your provider. Alternatively, if your provider is suddenly making the news in a less-than-positive way, hearing about it may give you time to switch before it’s too late.
Last but not least: insurance blogs
Insurance blogs offer either first-hand accounts by consumers or insights by insurance professionals on certain insurance-related topics.
Why follow this resource online? Whether you are in the market for a new provider or are simply wanting to stay informed, reading up on insurance blogs that are posted by various insurance companies is a good way to go about it. You can learn a lot about the company by the type of content it posts: if they are often posting blogs that speak to your insurance needs in an approachable way, then they might be the insurance company for you. If their blogs seem to relate to businesses more often than individuals, then you may want to look elsewhere for your personal insurance needs.