Buying Auto Insurance Policy In Miami Florida
Reader’s Question:
I currently live in New York but I am planning to move in Miami Florida. Do I set up a car insurance policy ahead of time or should I buy the policy once I get there?
Anna
Miami Florida
It would be best if you get your auto insurance in Florida before you arrive. The state of Florida requires you to register your car within ten days of becoming a resident in the state of Florida. You will also need to provide proof of car insurance in Florida as part of the registration process.
If you have already obtained your Florida car insurance before moving to in Miami, you no longer need to rush around searching for the most affordable car insurance once you arrive in Miami. The benefit of this is that it allows you to have your new car insurance policy in place before terminating your old insurance policy thus avoiding lapse in your car insurance.
To get car insurance you can ask your current car insurance provider in New York to check if they also sell car insurance in Florida so you can just transfer your policy to Florida insurance. It is also best to look around first for the most affordable rate in Florida to make sure you are getting the best deal. You can start getting quotes here.
Life Insurance with No Medical Exam – The Pros and Cons
Reader’s Question:
Should I listen to my friend and go with a no exam life insurance policy, or should I go with an agent who is telling me that I will be better of getting a policy with a medical screening? I don’t want to make a big fuss about getting life insurance but I do want to get it right the first time.
Blaise
Miami, FL
You’ve raised an interesting question. Life insurance with no medical exam policies has their uses, but that doesn’t meant this is the type of coverage that everyone should be getting. It would be very important to consider the following to see if a no medical exam life policy is the best for you:
When to Think Twice About a No Exam Life Policy
Are you in excellent physical condition for your age? Are you relatively young and in general good health? If you are budget conscious then it would be more cost-effective to go with a life policy that requires a medical checkup. You can leverage your good health and longevity to get affordable life insurance premiums that you would otherwise not get for buying a no exam life policy. By not asking a customer to undergo a medical exam, the insurer is taking in a bigger financial risk (since the insurer has no idea about the health of a customer). The bigger this risk is the higher the premiums become.
When to Consider a No Exam Life Insurance
If you have been denied coverage by other life insurers or are slammed with high premiums due to a medical condition, disease, or because of a risky lifestyle, then a life insurance with no medical exam will be your best choice. In fact, with some people it may be the ONLY choice to get life coverage. If you will go with a no exam policy, do make sure that you shop around and compare rates. Prices vary greatly across many insurers and you may still get good rates for comparing offers. This can easily be done by comparing free life insurance quotes online.