Being turned down for health, auto, or house insurance is a demoralizing situation. If insurance companies consider you or your situation high risk, you end up having difficulty in finding a plan. If you can't get car insurance, you won't be able to legally drive in most states. If you're unable to purchase homeowners insurance, you may not be able to finance your home. High risk insurance options give you a way to get the coverage you need without a denial.
High-Risk Auto Insurance
An insurance company considers drivers high risk under certain circumstances. If you have never held insurance before, you are considered a higher risk. You are also high risk if you have multiple traffic violations or a major traffic violation, such as a DUI. Since you can't legally drive a car without at least liability insurance in most states, you need to find an insurance agent who knows the high risk options, and which are the most affordable. Adjusting your deductible, mitigating factors such as a flawless driving record since your last accident, and a good credit score are ways to make high risk auto insurance more affordable.
High-Risk House Insurance
Homes that are located on flood plains, in areas where frequent natural disasters occurs, or whose homeowners make frequent claims end up being labeled as high risk. A high risk home usually won't find insurance coverage under a standard plan, and must go with a higher priced high-risk house insurance plan. It's not easy to just pack up and move your house, so in most cases you're getting stuck with a high house insurance bill or attempting to go without. If you're financing your home, you probably don't have the option to avoid house insurance.
High-Risk Health Insurance
High-risk insurance is an insurance plan offered to individuals considered uninsurable by insurance companies. Each insurance company has its own criteria to determine the eligibility of individuals with pre-existing conditions. High-risk pools for health insurance are available by state-run agencies in 35 states. The other states allow the federal government to handle this health insurance pool. For high risk health insurance, the most common types of pre-existing conditions seen in the high-risk pools are cancer, heath disease, major surgery and degenerative disease.
The main benefit of high-risk insurance is having health insurance available at an affordable price. These programs are heavily subsidized by the government, so the premiums cost significantly less than what most health insurance companies would charge, if they would even accept those with certain pre-existing conditions. Many individuals participating in these plans get the ongoing and preventative care that they need, instead of heading to the emergency room to deal with health problems that could have been avoided.
The Benefits of High-Risk Insurance
High-risk insurance plans are an option for people who have not been able to find an insurance plan at all, were denied insurance due to risk factors, and who need to establish health, car, or house insurance. Some insurance is necessary for driving a car or financing a home, and you don't want to avoid these two activities just because you happen to fall in the high risk category.
Accu Rate Insurance Agency can help you find Missouri SR22 Insurance and other types of high risk auto insurance. Call us today at 888-607-6499.