DID YOU KNOW this about insurance?
These are some interesting facts and stats about different categories of insurance.
The first Car insurance policy was written in the UK in 1895.
The rate for your insurance can be affected by your credit rating.
Statistics show that married drivers average fewer accidents than the rest of the population.
GPS in your car could afford you lower premiums.
It is illegal to drive without insurance in the USA. Even being under-insured can result in a fine or worse.
The amount paid for auto insurance is tax deductable if the vehicle is used for business.
It is possible to ask your insurance company for discounts, most companies offer various discounts such as safe driver, and student discounts among others.
Never let your insurance policy lapse, driving without insurance will affect you getting insurance with another company in the future.
Pay semi-annually instead of monthly if possible, many companies will give you a discount if you are able to pay for your insurance six months at a time as opposed to monthly.
The number of people without health insurance is on the rise annually.
When a Health Insurance claim is declined, the insured can appeal the decision.
Some public celebrities buy insurance for their body parts.
Singer Mariah Carey insured her legs for far more than any footballer’s — she’s insured them for $1 billion!
Musician Bruce Springsteen insured his husky voice for 3.5 million pounds with Lloyd’s of London.
From a pure Life Insurance policy, the insured will benefit zero and the beneficiary will benefit all.
ING Life Insurance Romania is a Guinness World Records holder for issuing the largest insurance policy in history.
There are over $1 billion in forgotten and lost life insurance policies that have gone unclaimed
Before 1997 there was no internet to access to shop for better rates and people had to rely on their brokers.
More than 2.2 million people worked in the insurance industry in 2010.
Insurance generates more than 1 trillion dollars.