Car Insurance, Financial Advisor, Homeowner's Insurance

How to Choose a Car Insurance Policy

Car Insurance PolicyWe may grimace when we get our premium notice for car insurance in the mail because there goes a big chunk of our paycheck.  But, imagine the consequences if that vehicle was stolen or involved in a collision.  You’d not only be heartsick over the criminal activity, but potentially you’d be injured and the car damaged or totaled as a result of the collision.
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Financial Advisor, Financial Services, Personal Finance

How Do Financial Advisors Make Money?

How Do Financial Advisors Make MoneyYou don’t have to be in the ranks of a billionaire or move in the same circles as Warren Buffet, Bill Gates or Donald Trump to have a financial advisor.  Anyone who wants to ensure that when they are ready to retire they have a substantial nest egg, and enough money put away in the event of a financial hardship should speak to a financial planner.  As prudent as you might have been about saving money through your working years, it is still a savvy move on your part to take the time to consult with a financial advisor to see what magic he or she can work for you and your finances, especially the closer you inch to your “golden years”.  If you live in the New Jersey area and are looking for a top financial advisor you should contact John Savadjian.  John Savadjian is a highly regarded insurance broker and financial advisor in NJ.
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Financial Advisor, Insurance Brokers, Investing, Personal Finance

What Does a Financial Advisor Do?

Financial AdvisorIt’s hard to get your ducks in a row and set financial priorities when you are just getting started on a career, especially if you have huge student loans, which take a big bite out of your paycheck.  Plus there are other expenses that make it difficult to save for the future.  If you’re lucky, your employer sets you up with a 401(k) and continues to make contributions on your behalf – hopefully you are matching those contributions, and, if not, you’re setting a little money for the future, right?  Perhaps you’ve been savvy enough to plan for the future, and, have a nest egg above and beyond that small “rainy day account” for financial emergencies.  Or, maybe you live paycheck to paycheck and need someone to implement an investment plan for your future.  Finally, if you won that big Power Ball jackpot the last go around, it might be time to seek a consult with a financial advisor.  Whether your monetary status is too little or too much, a financial planner can assist you in planning for the future.
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History of Insurance, Insurance, Insurance FAQ, life insurance, Types of Insurance

The History of Insurance

History of InsuranceThe roots of insurance go way back to Babylonia, where traders were encouraged to assume the risks of the caravan trade with funds to be paid only after the goods had arrived safely.  The Phoenicians and the Greeks soon hopped onto that bandwagon and utilized a similar system for their seaborne commerce.  The Romans were innovative as well and used “burial clubs” as a form of life insurance, by providing funeral expenses for members and later making payments to their survivors.

As towns grew and trade spurted up around Europe, many medieval guilds undertook measures to protect their members from loss by fire and shipwreck, or provide ransom from captivity by pirates, and to provide decent burial and support in times of sickness and poverty.  The earliest known insurance contract was in Genoa, Italy in 1347 and soon marine insurance became practically universal among the maritime nations of Europe.
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Insurance, Insurance Deductible, Insurance FAQ, Types of Insurance

How Does an Insurance Deductible Work?

Insurance DeductibleThe beginning of the New Year is not just a time to state your New Year’s resolutions (most of which will probably be broken with a few weeks), but, it is a time to begin your new yearly healthcare insurance deductible.  Your healthcare deductible, as you know, is the amount you owe for covered healthcare services before your health insurance plan kicks in and begins to pay. As an example, if your healthcare insurance deductible is $1,000.00, your plan won’t pay for anything until you’ve paid $1,000.00 out of your own pocket for covered services.  There are exceptions to the rule in that some plans pay for certain health care services before you have met your yearly deductible.  For those blessed with good health, they may never reach their yearly deductible, especially if the deductible is high, where others may have racked up doctor visits, laboratory or prescription charges and will have met their deductible early on in the calendar year.

Deductibles for health insurance are much different than that for car insurance and home insurance… sure, you must inevitably pay out of your own pocket until your deductible is met, but, the biggest difference is that the deductible does not begin anew each calendar year.  Deductibles for property damage works differently than a typical health insurance policy with its single annual deductible for the policy.  With an auto or homeowners insurance policy, the deductible applies each time you file a claim. The one major exception to this is in Florida, where hurricane deductibles specifically are applied per season rather than for each storm.

Since, most people have a basic understanding how health insurance deductibles work, let’s look at this topic as it applies specifically to car and home insurance.
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"Useless" Insurance, Insurance, Insurance Purchasing Process, Types of Insurance

Types of Useless Insurance

Types of Useless Insurance
A prudent person ensures that their health, vehicle, home and life is insured.  The first of these four items, health insurance, is the most-important type of insurance you can have, because, after all, what is more precious than ensuring that you and your loved ones are covered for any catastrophic illness that may befall you and them?

If you do not have insurance coverage at the present time for any of the above-listed items, you really should consider seeking an insurance broker, like John Savadjian, located right here in the New Jersey area.  He will assist you in tailoring the right insurance to match your needs.
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Car Insurance, Health Insurance, Homeowner's Insurance, Insurance, Types of Insurance

What Type of Insurance Do I Need?

Types of Insurance

When you were a kid, your mom probably told you never to leave home without some Kleenex and enough change to make a phone call in case you got into trouble.  Back in the day, two dimes would do it, and maybe carrying an extra two dimes in case you fumbled and dropped the first pair and couldn’t find them.  Now most people carry a cell phone so carrying spare change is not a necessity, but the Kleenex…. well, that still makes sense today.

Just like being prepared with tissues or spare change for those daily little issues, having insurance policies in place will thwart most of life’s calamities and you will emerge from those times better for your preparedness.

“Fortune favors the prepared mind” -Louis Pasteur
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