Virtual Insurance Advisor Releases Insurance Risk Calculator to Help Consumers Understand Their Risk

Dec. 28, 2009 - PRLog -- In the pursuit of providing free insurance education for consumers, Virtual Insurance Advisor.com has introduced a new tool to help individuals better understand their personal insurance risk.  The Insurance Risk Calculator is an online resource allowing visitors to input their personal information and immediately learn the probability of incurring a wide range of insurance losses in the future.

The Insurance Risk Calculator is located conveniently online at: http://InsuranceRiskCalculator.com

Both powerful and easy to use, the Insurance Risk Calculator is unlike any other free insurance tool on the web.  In less than ten seconds, visitors enter three pieces of information (age, gender, and location) and are provided with a comprehensive profile of their insurance risk. The Insurance Risk Calculator displays a user's life expectancy, as well as the probability of dying within the next one and ten years.  It also goes into detail about the chances of incurring several different types of auto, home, and disability insurance claims. This tool provides monetary information, like the typical cost of a particular type of claim and the average premium amount for auto, home, and renter insurance.

Virtual Insurance Advisor CEO Jay VanDamme is excited about the possibilities: "I believe the benefits and uses of the calculator are limitless.  It can be used by consumers to decide if protecting for a particular risk is worthwhile, but there are many other uses...I think it can be a great educational tool because it personalizes insurance risk.  The founding principle of Virtual Insurance Advisor is to help people make better informed decisions and we know the Insurance Risk Calculator does just that.

VanDamme continues, "We see accidents on the news every day and know it could happen to us, but it's an entirely different realization to learn one in ten people like yourself will have one this year.  I have friends who used the tool to help their teenage children appreciate the dangers of driving and I know insurance salespeople that have sold life insurance by demonstrating for customers the real possibility of death in the next ten years."

It is well know that insurance companies develop pricing strategies based on risk probabilities and claim costs.  When an insurer charges a particular price for coverage, they know the exact odds of a loss.  The Insurance Risk Calculator aims to put the same information into the hands of consumers, so they can make educated decisions about insurance.

Whether you are shopping for insurance, broadening the understanding of your personal risk, or helping to educate a client, friend, or loved one, the Insurance Risk Calculator from Virtual Insurance Advisor should be a powerful asset in your insurance tool belt.  You can view the tool and check out your insurance profile at: http://InsuranceRiskCalculator.com

Learn more about Virtual Insurance Advisor at their website: http://www.VirtualInsuranceAdvisor.com

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We provide insurance education to consumers through virtual conversations with our insurance experts. We encourage visitors to take insurance choices seriously and to use the knowledge of local insurance experts. Learn more about Virtual Insurance Advisor online at: http://www.VirtualInsuranceAdvisor.com