This content is endorsed and protected by We Care Insurance and Keiser Wealth. Information is not sold or given to outside sources. All data is protected and secured through Google Cloud and within the company.
Date of Birth- Insurance companies use this number to guess how many years you have been driving and associate this with more experience and less risk.
Deductible- This is the amount of money you will pay on your own vehicle’s damage before the insurance company will pay any money.
Liability Coverage- This is payments for damages you caused to other people and their property. $100,000 means that the insurance company will pay up to $100,000 per incident.
Marital Status- Singles are usually associated with higher risk and a married couple or widowed person is associated with lower risk.
Medical Payments- This is a liability coverage under home insurance. If someone is injured on your property the insurance company will pay up to the predetermined limit per person.
Personal Property Coverage- The max dollar amount you want your insurance company to pay in the event of a loss. Examples of personal property include: appliances, electronics, furniture, kitchenware.
Risk- An evaluation of how much an insurance company thinks its going to pay out to a policyholder. If you have high risk, the premium will be higher and if you have low risk, the premium will be lower. Almost every question on an insurance quote is factored into how risky you will be to insure.