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What’s the difference between an Admitted and Non-admitted insurance company?

Admitted Insurance Companies
In California these are companies that are licensed with the state and must file and have rate changes approved by the Department of Insurance. Admitted companies are considered “standard” insurance companies, and they specialize in low-medium risk insurance. Unless you have several tickets and accidents, or have a high risk home, you’re probably insured by one of these standard companies. Because they’re licensed with the state, they participate in the State Guarantee Fund, which provides consumers with protection if their insurance company becomes insolvent or goes bankrupt.

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How To Protect Yourself From Identity Fraud

In the digital world, accessing consumer information becomes easier for criminals every day. Chances are you’ve registered and transacted with dozens, if not hundreds of online websites, retailers, message boards, and networking sites that all ask for different pieces of information from you. You’ve entered credit card information, date of birth, drivers license, social security number, and your mothers’ maiden name more times than you can count. Unfortunately this is all information that can be intercepted, stolen from your computer, or stolen from your trash and used to destroy you financially! In 2009, there were over 11 million identity fraud victims in the United States alone, with the average cost to repair credit and reverse the damage at $631 per person. The FTC estimates it takes the average person over 6 months to repair their name and credit, and over 200 hours of work.

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What You Need To Know About SR22 Insurance

What is an SR22 and why do I need one?

SR-22’s are an insurance document filed with the DMV that shows proof of financial responsibility. If you’ve had a DUI, DWI, suspended license, major moving violation, ticketed for driving without insurance, or just a lot of tickets, you will likely need to carry an SR22 to start the process to reinstate your license. The DMV typically requires you to carry the SR22 for 3 years, and it’s extremely important to not let your policy lapse during that period, because it needs to be 3 years of uninterrupted coverage!

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Senior Driver Discounts – How Drivers Age 55+ Can Save 10% Or More On Their Auto Insurance

Are you 55 or older, and have less than 2 tickets/accidents in the past 3 years? Then you may be eligible for a mature or senior driver safety discount that can save you big bucks! The discount amount varies per insurance company, and not every insurer offers it, so check with your agent. Typically, completion of the safety course will qualify for about a 10% discount off your autos. Best of all, the course should cost you around $20 to complete, and the discount stays active for 3 years. It’s really a no brainer and will save you a ton of money in the long run.

Check out any of the following links for state approved vendors, then get a copy of your certificate and send it to your insurance agent. Simple as that!

http://www.drivingschoolus.com/ ($19.95 and offers online)

https://www.dmv.ca.gov/portal/dmv/?1dmy&urile=wcm:path:/dmv_content_en/dmv/vehindustry/ol/md_programs (list of state approved vendors)

https://www.aarpdriversafety.org/ (another solid option. Classroom and online versions)

 

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