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Few Americans Spent Less on Insurance Over Past Year

Only 7% of Americans Spent Less on Insurance Over Past Year

NEW YORK, Jan. 14, 2013, Thirty-seven percent of Americans spent more on insurance over the past year while only 7% spent less, according to new research published today by Bankrate.com (NYSE: RATE). The remaining respondents either spent about the same (52%) or didn’t know/refused to answer (4%).

Of those who spent more, 62% said their spending went up because of rising premiums. The next most popular response was because they bought a new home, car, boat or recreational vehicle (12%). The results reflect Americans’ total spending on all types of insurance (auto, homeowners, renters, health, life, etc.).

“We continue to view rising expenses and stagnant wages as a key financial hurdle for American households,” said Doug Whiteman , insurance analyst, Bankrate.com. “But consumers shouldn’t accept rising insurance premiums without a fight. Compare quotes from at least three other companies, investigate all possible discounts and don’t be afraid to ask your current insurer for a discount. You may be able to get a better deal.”

The new survey was conducted by Princeton Survey Research Associates International (PSRAI) and can be seen in its entirety here:

http://www.bankrate.com/finance/insurance/missing-out-on-insurance-savings.aspx

PSRAI obtained telephone interviews with a nationally representative sample of 1,003 adults living in the continental United States. Telephone interviews were conducted by landline (501) and cell phone (502, including 241 without a landline phone). Interviews were done in English by Princeton Data Source from January 3-6, 2013. Statistical results are weighted to correct known demographic discrepancies. The margin of sampling error for the complete set of weighted data is plus or minus 3.6 percentage points.

About Bankrate, Inc.

Bankrate is a leading publisher, aggregator, and distributor of personal finance content on the Internet. Bankrate provides consumers with proprietary, fully researched, comprehensive, independent and objective personal finance editorial content across multiple vertical categories including mortgages, deposits, insurance, credit cards, and other categories, such as retirement, automobile loans, and taxes. The Bankrate network includes Bankrate.com, our flagship website, and other owned and operated personal finance websites, including CreditCards.com, Interest.com, Bankaholic.com, Mortgage-calc.com, CreditCardGuide.com, Nationwide Card Services, InsuranceQuotes.com, CarInsuranceQuotes.com, InsureMe, Bankrate.com.cn, CreditCards.ca, NetQuote.com, and CD.com. Bankrate aggregates rate information from over 4,800 institutions on more than 300 financial products. With coverage of nearly 600 local markets in all 50 U.S. states, Bankrate generates over 172,000 distinct rate tables capturing on average over three million pieces of information daily. Bankrate develops and provides web services to over 80 co-branded websites with online partners, including some of the most trusted and frequently visited personal finance sites on the Internet such as Yahoo!, AOL, CNBC, and Bloomberg. In addition, Bankrate licenses editorial content to over 500 newspapers on a daily basis including The Wall Street Journal, USA Today, The New York Times, The Los Angeles Times, and The Boston Globe.

For more information:

Ted Rossman
Public Relations Manager
Bankrate, Inc.
ted.rossman@bankrate.com
(917) 368-8635

www.bankrate.com

SOURCE: Bankrate, Inc.

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http://www.bankrate.com

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Finance Information Money Personal Finance Products and Services Real Estate Wealth

Residential Real Estate Contractor Mistakes

Contractor Mistakes

NEW YORK, Jan. 11, 2013, Your Contractor Did What?! 4 Ways to Make Sure Your Home Renovations Aren’t a Disaster

 

According to the experts on RealtyPin.com, the right home renovations can make or break the time you spend in your home. They can also make or break the time it takes to sell your home. However, you can’t end up with the right finished product unless you hire the right contractor. That means you’ve got to avoid these major mistakes:

Grading the 2012 Housing Market

1. Picking a contractor based on price
Yes, I know you want to save some money, but the last thing you should want is for your home to look like a corner-cutting haven. It’s one thing to get a good deal. However, a contractor that offers prices that are too good to be true usually does so for a reason – and it’s not a good one. Think about it – if your contractor is offering you a price that’s far less than what everyone else is offering, why? How is he going to make up the difference? By using lower-quality materials? Doing the work faster and, thus, upping the chances of making sloppy mistakes?

Renovation advice: The Top 4 Things Experience Can Teach You in a Home Renovation

2. Not checking to see if your contractor is insured
Most homeowners assume that because their contractor “looks” professional, he must be insured. Boy, is that a risky game! If your contractor isn’t insured and something goes wrong (like if one of the employees gets injured while working on your project), you could be liable for it. Do you want to risk being sued because you didn’t think to ask if your contractor was insured before the work began? I didn’t think so!

Renovation tips: Why “Invisible Renovations” Aren’t Good Enough

3. Not getting a written contract
A good contractor will put everything in writing – including a detailed description of your entire project, approximate completion dates, a payment schedule, and even a list of materials (especially if it’s high-end stuff). That way, there will be no confusion along the way and no risk for anyone going back on their word.

Browse homes for sale in: San Diego Phoenix San Antonio Dallas San Jose Miami

4. Making the final payment before the work is finished
No matter how great your contractor seems, never ever hand over the last check before the work is finished – including all of the clean-up. After all, if everything has been paid for, what incentive does your contractor have to finish the job?! In fact, when you and your contractor are drawing up your contract, make sure to specify that the final payment will not be made until everything is complete and your home is completely back to normal. That means that all inspections have been passed, all dumpsters have been removed, and everything else has been cleaned up and your home is ready to show off to the world. Otherwise, your project may never end!

Looking for a new home for sale? Visit Realtypin.com

Media Contact: James Paffrath , RealtyPin.com, 1-(866) 960-8649, james@realtypin.com

SOURCE: RealtyPin.com

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Finance Life Insurance Personal Finance Products and Services

Life Insurance Necessity Concerns Financial Experts

Extravagance Over Necessity Concerns Financial Experts

LONDON, January 11, 2013,

A lot of people live under the illusion that life insurance is an expensive luxury that saps funds from other more pressing purchases, although it has recently come to light that members of the public are still spending large sums of money each year on holidays, fashion, style, food and drink, entertainment and technology.

It’s only natural that people’s priorities fluctuate and vary in a changing world, but experts are concerned that life insurance should be seen as a luxury rather than an essential when so many of the perceived essentials might just as easily be considered luxury items.

In a few weeks’ time, life insurance premiums will rise in line with the EU Gender Directive but until then members of the public may be able to take advantage of much more favourable rates. The date the new strategy comes into effect is December 21st and countless people have already contacted specialists like Lifebroker in order to get a policy sorted out in good time.

The team at Lifebroker is committed to finding the best deals on life insurance for its customers and now is definitely a crucial time for reassessing where the genuine priorities lie. Specialists are encouraging households to ask themselves whether they couldn’t afford life insurance simply by saving a little money on the luxuries here and there.

Financial advisers recognise that life insurance is an important part of protecting the family. A life insurance policy ensures that debts and mortgage repayments can be addressed when the policy holder dies, meaning that dependents are shielded from having to pick up the pieces. Specialists also stress that life insurance is actually a cheap and fundamental part of life’s administration.

This is something that the professionals are always keen to convey to their customers and the EU Gender Directive simply adds a greater sense of urgency to the situation, giving members of the public a very real time scale in terms of making savings on a real life essential.

SOURCE: Lifebroker

 

 

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Finance Products and Services

The ‘King of Beers’ Unveils Budweiser Black Crown on Jan. 21; First TV Spot Will Be Featured During Super Bowl XLVII

The ‘King of Beers’ Unveils Budweiser Black Crown on Jan. 21; First TV Spot Will Be Featured During Super Bowl XLVII

 

Beer Was Crowd Favorite During Nationwide ‘Project 12’ Competition

 

ST. LOUIS, It started with a bold experiment. A year ago, Budweiser asked its 12 brewmasters to envision their own unique version of one of the world’s most iconic beers. After 12 recipes, six beers brewed for national sampling, and 25,000 opinions, the experiment has resulted in a new golden amber lager based on the voice of the people: Budweiser Black Crown.

The winning recipe from Budweiser’s “Project 12” is now a new brand available for purchase starting Monday, Jan. 21. In suitable fashion for the King of Beers, Budweiser Black Crown will take its place on the national stage less than two weeks later when its first 30-second television advertisement airs during Super Bowl XLVII on Sunday, Feb. 3.

With a blend of two-row caramel malt and four types of domestic hops, Budweiser Black Crown is finished on a bed of Beechwood chips for a smooth, balanced taste. Incorporating the proprietary yeast directly descended from the original Budweiser yeast strain used by Adolphus Busch in 1876,Budweiser Black Crownretains the key characteristics of Budweiser with its clean taste and high drinkability. Featuring more body, color and hop character than the flagship lager, it also has a slightly higher alcohol content at 6% ABV.

The Budweiser Black Crown recipe was the creation of Los Angeles brewmaster Bryan Sullivan and was the crowd favorite among the more than 25,000 adult drinkers from coast to coast who participated in the brand’s Project 12 sampling initiative.

“It didn’t matter where in the United States we asked, this is the beer that consistently drew the best feedback, and overwhelmingly so,” said Rob McCarthy , vice president of Budweiser.

During the process that led to Budweiser Black Crown, Sullivan and his fellow Budweiser brewmasters personally sampled the beer with consumers to get their direct feedback. Sullivan collaborated with Fairfield, Calif., brewmaster Scott Ungermann and Houston brewmaster Dave Cohen to perfect the recipe.

“People respond really well to Budweiser Black Crown, which has a little more body and color and a touch more hop character than our flagship Budweiser lager,” said Sullivan, who heard from beer drinkers during a sampling program at the Budweiser Made in America music festival over Labor Day weekend in Philadelphia. “As brewmasters we spend most of our time in the brewhouse. Project 12 gave us a chance to hear firsthand from the people we brew our beers for. Budweiser Black Crown is a great beer and it is a thrill for our whole brewing team to see it launch with a Super Bowl spot.”

The beer will be sold nationwide in 12-ounce glass bottles available in six- and 12-packs and in 22-ounce single bottles. It will be available both on-premise (bars and restaurants) and off-premise (grocery stores, supermarkets and convenience stores). The packaging for Budweiser Black Crown is distinctive and modern, with the crown “design cues” on the bottle and secondary packaging a nod to the history and heritage of Budweiser, McCarthy said.

McCarthy said Budweiser Black Crown will debut a TV spot during the Super Bowl XLVII broadcast. “We’ve set our sales-to-retailers date for Jan. 21 so we’re fully ready for sales on Super Bowl Sunday,” McCarthy said.

The beer’s national advertising campaign also includes outdoor, digital, radio and print. In social media, the new brand will have interactive consumer programs on Facebook and Twitter that are designed to be participatory, similar in spirit to when consumers were asked to help choose the recipe that would ultimately become Budweiser Black Crown. The campaign will feature the Twitter hashtag #TASTEIS.

Nate Scudieri , senior brand manager for Budweiser Black Crown, says the beer is, like Budweiser, very refreshing and appealing to a large base of beer drinkers.

“Our research shows that after beer drinkers try Budweiser Black Crown, 84 percent would purchase it,” Scudieri said. “It stays true to the original Budweiser recipe but has its own unique take. It’s flavorful, smooth and highly drinkable.”

Budweiser is America’s No. 1 premium regular beer, selling more than its four nearest competitors combined.

Budweiser Black Crown is brewed at Anheuser-Busch’s state-of-the art breweries in St. Louis, Los Angeles, Columbus, Ohio and Williamsburg, Va.

The Super Bowl commercial was filmed in Los Angeles last month and directed by Samuel Bayer , whose previous Super Bowl work includes a spot that won an Emmy for best commercial. More information about the spots will be released later.

For more information on Budweiser Black Crown, visit www.budweiser.com/blackcrown.

About Budweiser
Budweiser, an American-style lager, was introduced in 1876 when company founder Adolphus Busch set out to create the United States’ first truly national beer brand – brewed to be universally popular and transcend regional tastes. Each batch of Budweiser follows the same family recipe used by five generations of Busch family brewmasters. Budweiser is a medium-bodied, flavorful, crisp and pure beer with blended layers of premium American and European hop aromas, brewed for the perfect balance of flavor and refreshment. Budweiser is made using time-honored methods including “kraeusening” for natural carbonation and Beechwood aging, which results in unparalleled balance and character. The brand celebrates great times and has used the phrase “Grab Some Buds” in advertising since 2010.

About Anheuser-Busch
Based in St. Louis, Anheuser-Busch is the leading American brewer, holding a 47.7 percent share of U.S. beer sales to retailers. The company brews Budweiser and Bud Light, two of the world’s largest-selling beers. Anheuser-Busch is a major manufacturer of aluminum cans and has been a leading aluminum recycler for more than 30 years. The company is a wholly-owned subsidiary of Anheuser-Busch InBev, the leading global brewer, and continues to operate under the Anheuser-Busch name and logo. For more information, visit www.anheuser-busch.com.

Contact:
Joe Muehlenkamp
Anheuser-Busch
314-577-7528
joseph.muehlenkamp@anheuser-busch.com

SOURCE Anheuser-Busch

RELATED LINKS
http://www.budweiser.com/blackcrown
http://www.anheuser-busch.com