Insurance Secrets Revealed: How to Save Big and Protect What Matters Most!

In this episode of Insurance Hour, Karl Susman addresses a wide range of insurance-related questions from listeners. Topics include managing deductibles to lower premiums, deciding whether to place a teen driver on their own auto insurance policy, understanding the necessity of flood and earthquake insurance, and clarifying the differences between term and whole life insurance. Karl also emphasizes the importance of umbrella policies for liability protection and renters insurance for safeguarding personal property and liability. Additionally, the episode highlights high-risk auto insurance options and strategies for reducing rates over time. Sponsored by GeoVera, the show offers actionable insights for navigating the complexities of insurance.

Highlights

Show Introduction and Format Overview

Karl Susman introduces Insurance Hour and explains the show's format, including how listeners can submit questions via phone [phone]) or email ([e-mail]). He emphasizes that questions are answered live without pre-screening.

Homeowner's Insurance Deductibles Discussion

Addressing Erica from Boise's question about homeowner's insurance deductibles, Karl explains that while higher deductibles can lower monthly premiums, the choice depends on individual circumstances and ability to pay the deductible amount in case of a claim.

Teen Driver Insurance Considerations

Responding to Kevin from Dallas about insuring a teenage daughter, Karl discusses the concept of insurable interest and explains why simply putting a teen on their own policy isn't always possible or advisable. He emphasizes the importance of vehicle registration and financial responsibility.

Mortgage Refinancing and Insurance Impact

Karl addresses how changing mortgagees affects homeowner's insurance, explaining that while simply changing lenders typically doesn't affect policy terms or costs, having multiple mortgages might impact future underwriting decisions.

Earthquake and Flood Insurance Coverage

Karl emphasizes that neither earthquakes nor floods are covered under standard homeowner's policies. He discusses GeoVera's earthquake coverage and explains why flood insurance requires separate policies, particularly important for properties in flood-prone areas.

Gender Differences in Life Insurance

Responding to Max from Ohio, Karl explains that women typically pay 5-10% less than men for life insurance due to longer life expectancy and statistically lower engagement in risky activities. He also discusses gender-neutral policies and their pricing structure.

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Insurance Hour is hosted by renowned insurance expert Karl Susman. Karl is a frequent guest on television stations such as ABC, CBS, Spectrum, The CW and FOX, and now his popular radio program is available online throughout California and world-wide.

Listeners can now tune in to Insurance Hour on great AM radio station KMET throughout the state of California.

In addition to traditional radio, Insurance Hour is available on several popular streaming platforms, ensuring that listeners can access the show at their convenience.

Audiences worldwide can now enjoy Insurance Hour at InsuranceHour.com, on YouTube, Amazon Music, Tuneln, Alexa, Apple Podcasts, and the iHeartRadio app.

For more information about "Insurance Hour" and its programming, please contact Lara Starr at [e-mail]