Posts Tagged ‘A’
Friday, August 7th, 2009
by Amy Nutt
Car insurance companies are very strict on their insurance packages and most times, they look at your details to be able to award you the necessary insurance. Therefore, it is not uncommon to find car insurance buyers looking for ways to falsify their details in the bid to reduce their premium price and get cheaper auto insurance quotes. In fact, research has shown that in the UK alone, over 10% of all drivers have lied at a point in time about their details or records while in the US, it is estimated at a whopping 27%. Details that are mostly lied about include the age and address of the driver. In some cases, drivers have been known to leave out speeding tickets, drunken driving records and bans on driving they may have received.
Sadly, many drivers seem to think this is the norm and therefore lie about all these when they are applying for an insurance policy. And this is further influenced by the thinking that the companies are mandated to pay and reward them. Most informed drivers know that falsifying your records is seen as fraud while the uninformed drivers think it is ok to lie about their records. The truth is insurance companies are beginning to catch up with this trend and are taking steps against the frequent occurrence of such acts. One of these steps is in the installation of software that will function as a lie detector and will compare all the different data for traces of irregularities. Besides this, insurance companies now have penalties that are meted out on culprits of this act. These include:
1. Cancellation of the Insurance Policy. All culprits will lose their rights to any form of insurance with the company of they are caught. This means that all the monies paid prior to that time will not be retrieved or paid back and the driver will forfeit all attendant benefits.
2. All Claims will be lost and denied. All drivers caught in the act of falsification will be denied all claims. During accidents, most drivers and car owners resort to the insurance company to offer some form of relief. Even if the claims are genuine, the insurance company will desist from making the required payment if it detects false information.
3. Blacklisting in all car insurance companies Depending on the severity of the false information, most insurance companies will willingly blacklist the driver thus making it really hard for him to drive his car.
4. May pay Fines If the driver is found guilty of severe falsification or under the insurance act, he would be required to pay the sum of one hundred thousand dollars and another two hundred thousand dollars if there are other offences discovered. 5. Jail Terms.
In Canada, all offenders could face up to ten years in prison and may be forced to pay a sum greater than five thousand dollars if found guilty. So whatever the case may be, it is in your best interest to tell the truth at all times.
About the Author:
Full service insurance brokerage offers corporate and personal solutions. When looking for the best protection and information on Personal Insurance, Car insurance in Ajax, Health Insurance in Ajax, Commercial Insurance, Life Insurance options.
Tags: A, Ajax, auto insurance, b, business, business;finance, c, car, car insurance, f, family, finance, financial, h, health, home, i, insurance, j, l, liability, life, n, o, ontario, s, society
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Friday, August 7th, 2009
by Graham McKenzie
Your very first insurance premiums will very likely be higher than they will ever be again. That is, if you’re careful. Like your first experience with buying on credit, you won’t get as good a deal as you will once you show how reliable you are, whether in your bill-payments or your driving habits. You start out as an unknown quality to insurers, so they start you out at a price that lets them be sure not to lose money on “people like you.”
It may occur that the price you have to pay for the new policy is higher than for the ones who have previous insurance policies, but then, things like no previous claims, apt and regular payment record, a clean driving license will be considered as plus points and there is a chance the rates offered to you are great.
Applicants are better served by soliciting quotes from new insurance companies while still covered by their previous ones, rather than waiting until their old policy expires. Given that insurance companies examine an applicant’s credit history, a record of premiums paid consistently and on time is very important in determining whether that company will decide to offer you coverage.
If you are a new driver, if you have a string of traffic tickets, if you have had traffic accidents, if you have submitted _insurance claims_ for accidents, if you’ve let policies lapse due to non-payment… any (or, you poor sap, _all_) of these things make you a high-risk customer. You can still find insurance, but you will definitely pay a price. You’ll have a higher down payment, higher premiums, a higher deductible, and generally less coverage.
So, for amateurs, it is best advised to go for a short term insurance policy, say around 6 months. Prompt timely payment and a good driving history for at least 6 months will give you a good chance of having a better quote next time. Instead of continuing or extending the same policy after 6 months, it is always better to compare what the other companies are ready to offer you. No doubt, there might be some surprising deals for just 6 months of clean history which might save you a handsome amount, may be a few hundred dollars.
Those drivers who maintain coverage for several years through the same company may not be taking advantage of potential savings that are available to them. Insurance companies are not in the habit of pro-actively offering existing customers lower rates, even if they may qualify for them. On the other hand, competing insurance companies are more likely to offer a potential customer with a strong history better rates in the hopes of getting them to switch providers.
In summary, drivers should be vigilant about looking for the best available insurance rates. In order to ensure the lowest premiums, it is essential to keep up with one’s payments, to maintain constant coverage, and to keep one’s driving record as clean as possible.
Tags: A, auto insurance, automobile;truck, automotive, c, car insurance, cars, e, f, finance, i, insurance, m, money, o, u, v, vechile insurance
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Thursday, August 6th, 2009
by Susan Reynolds
If it’s time to renew your home insurance, consider shopping around to make sure you aren’t missing out on better deals. Most homeowners don’t consider alternative home insurance providers and just renew their current home insurance. Most home insurance providers are aware of their competition’s lower rates, but won’t always provide competing rates. So shopping around and looking into other home insurance providers is a good way to get more for your money. Asking your current provider about discounts is also a good way to get the best rate. They won’t always provide discount information to you up front, so be sure to ask. A few tweaks to your home could make you eligible for more discounts.
You can easily obtain several home insurance quotes from the comfort of your own home by simply going online and visiting some insurance quote websites provided online. Most all insurance companies has a website available with the ability to obtain quotes online. This may include your current home insurance provider. You are still able to call around for quotes if you prefer not to use the internet, however, this may be more time consuming.
So your calling in or clicking around for home insurance quotes, how can you make sure you are getting the lowest costs? Many insurance companies give discounts for having more than one policy with them, a sort of package discount. Switching your auto insurance to the same provider as your home insurance may get you discounts for both. Not every insurance company provides this option, so be sure to do your research.
Another idea is to make your home more resistant to weather and natural disasters however, it may not always be easy. Depending on what type of improvements are made will determine the amount your rate can be lowered. You can also make a small and economical change that was waiting to be done anyway to help lower your home insurance rate.
It is also possible to receive discounts to save you money just by asking for them such as for being a senior citizen or having devices installed in your home such as security systems or fire alarms (which in a way comes from the previous tip).
If you are comfortable with a little bit of risk, then my final suggestion would be to increase your deductible amount. A higher deductible will translate into a lower rate. However, be aware if you have to ever file a claim, your out of pocket expense will be greater. Before embarking on this option, you should determine what is the most you can (or are willing) to pay out of pocket if you ever have to file a claim and that is the most your deductible should be.
Lowering your home insurance quote is easy. Just shopping around and considering other options can lead to a better provider. You could take it even further and consider the tips provided above. Just be sure to do your research, you may discover savings are already available to you.
Tags: A, affordable car insurance, b, business;finance, c, car insurance, d, disability insurance, f, finance, h, household insurance, i, insurance, l, life insurance, money, n, o, personal finance
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Thursday, August 6th, 2009
by Graham McKenzie
For those who can afford it life insurance policies can extend into the million dollar range. These plans are the most expensive plans and they also have the largest payouts as well. Most consumers will get a life insurance plan that covers at most a few hundred thousand dollars. However there are others who seek even larger plans. Getting such large plans is not easy and often requires very high monthly payments or a huge initial payment to the company.
Most life insurance companies do not have information regarding the size of their insurance policies. One company that has been around for over 100 years easily holds some of the world?s largest insurance policies. The Transamerica Corporation was originally founded by Amadeo Gianinni back in 1906. Since then the company has come a long way and has turned into several investment companies including the well known Transamerica Life Insurance Company. This group of companies is the largest circle of life insurance companies around the globe. The founder also founded the Bank of America as well as the Golden Gate Bridge and the pyramid of San Francisco. Because of its size the company is able to offer the world?s largest life insurance policies that offer some of the largest payouts. They also have cost effective plans for consumers.
You may ask yourself why anyone would want that much life insurance especially with the high monthly payments that they need to make. Most of the time the people that get such large life insurance plans are people who have a lot of debt such as small business owners. They know that they would be unable to pay off the debt if they would pass soon and that their families couldn?t pay it off either. Rather than put their family in jeopardy they get a large life insurance plan.
Elderly people use the same idea on a much smaller level to avoid having to have their family pay their mortgage or other debts that they still may have. While it does cost more to have a larger plan it is sometimes better to pay the extra amount to protect your family.
If you?re looking for an extremely large life insurance plan then you will have to actually have a separate plan written up by the life insurance company just for you. Most companies will write up specific plans for such large accounts. Life insurance premiums are based off of health and lifestyle just as many other insurance plans are. The better your health is and the safer lifestyle you have the lower your monthly payments will be. You can offset large monthly payments by making a large payment to the life insurance company right up front. If you?re looking for a large life insurance plan you will need to have such a payment handy to help lower your risk factor. The company will see you as a lower risk factor since you?ve already invested a considerable amount towards your life insurance plan.
About the Author:
Graham McKenzie is the syndication coordinator a leading South African Insurance information portal, which amongst others specialises in Short Term Insurance.
Tags: A, affordable car insurance, b, business;finance, c, car insurance, d, disability insurance, f, finance, h, household insurance, i, insurance, l, life insurance, money, n, o, personal finance
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Thursday, August 6th, 2009
by Susan Reynolds
4×4 owners may wonder why their insurance rates are higher than they are with cars. The fact is that 4×4 vehicles are much different than normal cars and vehicles. They have extra capabilities and features that the insurance company sees as more hazardous. You should know what to expect before you buy a 4×4 vehicle.
The type of policy you have will affect what type of coverage you?re getting. All types of policies will cover other drivers and their vehicles in an accident. You can also get policies that cover your vehicle and your passengers along with theft and weather damage. 4×4 insurance has similar properties as regular car insurance however there are some slight differences. The main problem is that you?re going to do more damage to another vehicle if you hit them than you would in a car. Since the estimated repair costs will be higher they increase the insurance premium you have to pay.
Another huge factor is that 4×4 vehicles are targeted for vandalism and theft more. This is especially true if you live in the city versus in the country. Since the insurance company has the city as a higher risk zone for theft you will pay more in insurance. It?s best to live in a rural area where your high profile vehicle won?t be as likely to be targeted.
Costs to fix 4×4 trucks and SUVs are much higher than the cost to fix regular vehicles. This is because parts are harder to find and repair. Insurance companies will look at this as an extra cost to insure your vehicle and will charge you more. If you have extra features added to your 4×4 that didn?t come with the stock you will have to get extra insurance to have these repaired in case of an accident. Insurance companies won?t voluntarily pay for these extra add-ons unless your policy specifically covers them.
Off road driving is the biggest difference between 4×4 and regular car insurance. This option lets you take your vehicle off of the road and through other terrains. If you damage your vehicle, which is fairly likely, the damages will only be covered if you have a specific policy with off-road insurance. A standard policy will become void for the time you drive off road, leaving you to pay the damages yourself. Prices will increase if you regularly participate in races or other all-terrain sports with your 4×4. Some people choose to get insurance for these events just for one day to reduce costs.
It?s important to know that as with sports cars 4×4 vehicles will be more expensive naturally when it comes to insurance. The best thing you can do is to compare quotes from various companies and find the lowest rate. You can also greatly reduce the rate of your vehicle by having it just for a recreational vehicle. You will also want to read through the policies that each company offers. This is because some companies will cover some situations while others won?t. If you plan on doing something besides driving your 4×4 vehicle you should ask your insurance agent what they can cover.
About the Author:
Susan Reynolds is the webmaster for a leading South African Insurance Provider who specialises in Car Insurance.
Tags: A, auto insurance, automobile;truck, automobiles, c, car insurance, cars, e, f, finance, i, insurance, n, p, personal finance, u, v, vehicle insurance
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Wednesday, August 5th, 2009
by Justin Potrovic
It’s really very easy to change you into a savvy shopper, just take note of these car insurance pointers. You will be amazed by how simple, easy, and effective these strategies are at giving you the best deal. Heres some fail-safe ways to shave ten, twenty, or even hundreds of dollars off your car insurance policy.
First, drive cautiously. A person with even a few accidents or speeding tickets on their record will ultimately pay a much higher price for their car insurance policy than a driver with a clean record. Instead of shelling out your hard-earned money for insurance premiums, take care to obey all traffic regulations and keep your money in your own pocket.
Take note also of different discounts that car insurance companies are offering. Get familiar with their promos to maximize your benefits. For example, you can incorporate all of your vehicles under one policy to receive a multiple vehicle discount.
You can insure both your house and car on the same policy, and obtain a multiple line discount. You may inquire from companies of further price reductions for good student card report, low mileage, airbag and anti-theft safety systems, newer car model, and occupational and auto club discounts. The more discounts you avail, the more money you will save.
A few more car insurance tips: raise your deductibles if you can, if the price is right. Your deductible is how much you will have to pay up front in the event you have to file a claim before the insurance company steps in and helps with the costs. When you have a low deductible, for example you pay the first 250 dollars, your premium will be higher. If you had a higher deductible of 500 dollars, your premium will be lower.
If ever you plan of moving out, it would be a fine point to seek out the best deal in the area. Most of the time, there are better rates suited for the new location. Auto insurance companies are like snowflakes-they all have the same concept in mind: to insure their customers, but each one uniquely tailors their own plan to implement this. So if someone claims that as long as youre insured, any insurance company will do, don’t believe them.
The most effective way to save money on your insurance is to shop around. An insurance with the lowest premium isn’t necessarily the best deal, since the coverage may be limited, or may be inferior to other insurances. Instead, be sure you compare and contrast plans with similar coverage, deductibles, and limitations, so you can be certain youre really getting the best possible deal.
It is a good idea to look into websites that compare different plans so you’ll be well informed. Hopefully these car insurance pointers are just what you need to start saving money on your premiums today.
Tags: A, auto, auto insurance, automobile;truck, b, best car insurance tips, business, c, car insurance, car insurance tips, cars, d, e, education, f, finance, h, how to, i, insurance, o, p, personal finance, r, t, tips, trucks, u
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Monday, August 3rd, 2009
by Graham McKenzie
Often when you’re shopping for quotes from car insurance companies the phrase “incidence rate” will be brought up fairly frequently. Many consumers do not fully understand what this means, but in reality it’s just a easy procedure to determine the risk level of your vehicle by using the statistics that are given by auto industries that show how likely your car is to be involved in an accident, be stolen, or the severity of damage it suffers from a small accident.
Certain types and models of vehicles are more attractive to thieves. Also, certain models have been shown to be more likely to be involved in accidents or violations such as speeding or reckless driving. The insurance quote not only takes into account your personal driving history, but is also determined by the type of vehicle that is being insured.
How are these incidence rates determined? Whenever a vehicle is involved in a theft, accident, or traffic violation, the law enforcement agencies specify the make and model of the vehicle. These statistics are compiled into a database which shows which vehicle types are more likely to be involved in these incidents. The insurance industry uses these statistics to determine the risk level of each vehicle type and adjusts premium rates accordingly.
It seems common-sense that sports cars are more likely to be involved in reckless driving incidents or speeding violations. But there are also some incidents that are not so obvious. For instance, statistics show that a white or light-colored vehicle is more likely to be involved in accidents than darker vehicles. Knowing this information can help consumers make better decisions about the types of vehicles that they choose. Incidence rates can be found either by searching the Internet, or by asking a car dealership for the information. By knowing this information and how it affects your insurance premiums, you will be able to see why your quotes differ from other drivers with similar driving records.
But what if you really had your heart set on a certain vehicle type, only to find out that the specific model was more prone to auto thefts than others? Obviously, your insurance rates will be higher than if you had chosen a different vehicle. If a vehicle is stolen, your insurance company must reimburse you for the full fair-market value of the vehicle. But by installing anti-theft devices, alarm systems, and even GPS systems, you can lower the theft risk and help lower your insurance premiums.
Even the color of your car can determine your policy, but not as much as some other factors. If you have a light car you might be more likely to get hit, but you can combat that fact by being underinsured and have the ones who hit you take the fall. Your insurance company will appreciate this.
By knowing the incidence rates associated with your vehicle and the ways to offset them you can ensure lower rates, but it works both ways. It’s possible to research and seek out the cars that have the lowest theft rates and best safety records in order to get the lowest possible insurance rates. When advertisers note good performance and safety records they’re really drawing your attention to the possibility of lower rates.
Tags: A, auto insurance, automobile;truck, automotive, c, car insurance, cars, e, f, finance, i, insurance, m, money, o, u, v, vechile insurance
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Monday, August 3rd, 2009
by Graham McKenzie
We all need and are obligated to have car insurance. It is illegal for anyone to drive a vehicle on public roadways without having the vehicle insured. The price of insurance is high and there are many people who struggle with the cost and are concerned with how to get the lowest premiums and save the most money.
There are several approaches to lowering the cost of car insurance premiums. First you have to shop around in order to know that you are getting the best and the lowest rate. Comparing rates is easily done either by using the internet or by calling over the phone to several insurance companies and this is the only way to make sure you get the best coverage at the lowest price.
Once you have several insurance quotes from the insurance companies you have called upon then you will need to decide what policy quote is best for you. The best policy quote is not always the cheapest and many times you will find that many of the insurance companies will offer similar rates. It can be hard deciding the right one so you need to get all the details on each quote before making a final decision.
The policy you select should have enough coverage to meet your needs. It is not the time to find out your coverage is inadequate after an accident or when filing a claim. If you select a liability coverage policy you should know that your vehicle is not be covered if an accident is your fault, if the vehicles stolen or damaged due to vandalism or any natural causes. Full coverage insurance protects your vehicle as well as your passengers in the event of an accident even if you are at fault.
Many insurance policies include underinsured or uninsured motorist protection on their policies and this is something to be considered. It is illegal to drive a vehicle that does not have insurance but many people still do and many people have the bare legal minimums for coverage and if you are involved in an accident with someone like this you may be left holding the bill without that added protection.
The deductibles are an important part of your monthly premiums costs. The larger the deductible the smaller your monthly premium. Several insurance companies offer a small deductible but you have to know that you are paying the difference somewhere in your quoted policy. The deductible amount should be large enough that your monthly payments are lowered but not so large that you will not be able to afford if you file a claim.
Many of the quotes will include details like road side assistance or rental car options, these details can be eliminated to help reduce your policy. Ask the insurance agent about the company?s policy for forgiveness of accidents or moving violations and find out their process for filing claims. Ask the agent for any information you might not understand so you can make the correct decision.
Do not try to hide the truth or leave out information when gathering quotes. You A lot of time can be wasted on giving insurance agents false or incomplete information only to find that the quote you received will change as soon as the agent finds out the truth, and they always do.
Tags: A, affordable car insurance, b, business;finance, c, car insurance, d, disability insurance, f, finance, h, household insurance, i, insurance, l, life insurance, money, n, o, personal finance
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Thursday, July 30th, 2009
by Amy Nutt
Driving a car is something that can be quite exhilarating, as it makes the person feel free, as if they can go anywhere that their hearts desire. With the unveiling of the new hybrid vehicles, there is an alternative means to get to a destination. These vehicles are some of the best for the money, while keeping things such as the environment and gas mileage in mind. They are many other advantages of driving a hybrid salvage cars, even over these huge ones that make many people convert; even if it’s just for the fact that they are cheaper when it comes to insurance.
The Environment The environment is something to take into account when purchasing a car in many people’s minds, as they are mindful of the depletion of the earth’s ‘greenhouse’ gases. By using clean energy of the electric motor, they emit less energy into the ozone layer. Not only is this better for the environment, the hybrid end up performing better gas mileage wise than the standard vehicle. They are also just as strong power wise as the traditional cars that run on fossil fuels with the advancement of technology in the field of hybrid cars.
The Technological and Monetary Benefits The hybrid cars, dubbed the car of the era’, is definitely one that is impressive. Not only do they perform just as well as the standard vehicle, they can really save people money. They get better mileage than your average car, with the implementation of electricity in their composition. With the Regenerative Braking technology, the batteries of these hybrid vehicles do not have to be charged by an external source. The hybrid car itself actually has tax benefits, which is something somewhat unheard of in the car industry, as governments implore people to make the switch over to protect our environment. On that note, there is also a nice buyer’s incentive provided to those who drive these green vehicles.
In the grand scheme, the hybrid vehicle is something that is amazing because of its overall good it can do for the environment and governments alike. Considering the dependency on fossil fuels and the rising gas prices, if everyone owned a hybrid vehicle the price of crude oil will fall, resulting in a world-wide sigh of relief for everyone dependant on it.
The future for the hybrid vehicle is a bright one, indeed. As the technology advances and the price of these vehicles lowers, a hybrid vehicle will soon be commonplace, and everyone will see the amazing advantages to driving a hybrid vehicle. With the incentives and specials that these cars have, one will find it amazing how people would consider ever driving a car that runs solely on fossil fuel alone. For those who are skeptical about the hybrid vehicle, after one drive of the vehicle they will see that there are hardly any differences between that and the standard vehicle. And if they are available to help out the environment and global economy, they are differently worth a shot.
About the Author:
Environmentally friendly Salvage Cars features an online parts search or choose from over 1000 used tires in stock. Schedule your vehicle, used auto parts, used tires, or Auto Salvage pickup today.
Tags: A, auto, auto insurance, auto salvage, auto wreckers, automobile, automobile;truck, b, business, c, car, classics, e, environment, Environmental, f, finance, i, insurance, j, junk yard, r, s, scrap yard, u, used auto parts, used car parts, used winter tires
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Thursday, July 30th, 2009
by Amy Nutt
Home insurance provides coverage for homeowners against the risk of loss that may occur from damage, fire or theft. Home insurance rates look at the probability that a loss will occur based on the claims experience of the insured, who is the homeowner.
Home insurance uses individual underwriting standards to assess risk. Risk is the potential for a reduction in value that may occur. When a number of these occurrences happen for a particular insured, the insurance company either raises the rate or drops coverage. It is the hope of the insurance company to not have to pay claims and employ assessment factors to understand better the likelihood that a homeowner is exposed to loss and rates it accordingly.
Certain factors beyond the individual homeowners claim experience include zip code ratings, type of home owned, whether any commercial activity takes place in the home, and the home’s overall value in comparison to similar homes within the area. These factors give the insurer the information needed to calculate the probability off loss and adjust rates accordingly.
Hazards are factors that can lead to a loss. There are three hazards, physical or tangible hazard, moral which is character and morale or indifference. For example homeowner A who buys home insurance policy for a home that is rented out to tenants will pay a higher rate than homeowner B buying home insurance on a similar home in which she resides. That is because homeowner A has a higher morale and physical hazard present in the home than homeowner B does. The tenants are not the owner and may not hold the same regard for the home as the homeowner does. This could lead to physical damage, deterioration or even theft.
A census or zip code assessment looks at the instances of crime and vandalism that occurs in a given area. Homeowners purchasing home insurance in high crime areas face higher premiums than homeowners who live in outlying suburbs. There is some controversy over this type of practice and was the basis of a group action lawsuit in Milwaukee in the late 1980s against American Family Insurance Company. The results of the suit led to changes in the underwriting practices in certain minority communities in the City of Milwaukee.
The likelihood that a loss occurs and the probability associated with it results in the rating factor. The rating factor may be set based on community experience or standards and may be reduced over time where individual claims experience results in better a rating.
All insurance provides an indemnity benefit to reimburse an individual for the value of their loss. An insured who believes that the purpose of insurance is to profit or get more than the fair market value of their property do not have the appropriate understanding of what insurance is for. Insurance is not for making a person rich but rather to keep them from becoming poor. To provide piece of mind risk ratings reflect experience, probability and the presence of other measurable variables that can be statistically tested.
About the Author:
Canada’s largest independent insurance brokerage firms delivering car insurance in London, and home insurance in London, home insurance solutions in your community and around the world for over 70 years and offices in Cambridge, Waterloo and Toronto
Tags: A, auto, auto insurance, b, business, business;finance, c, car, car insurance, consulting, e, f, family, finance, financial, h, health, home, i, insurance, investment counseling, l, life, o, q, quota, r, rate, u, v, vehicule
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