When tractor insurance companies label you as a high risk driver then it is worse than a nightmare. Obviously, a very offensive status that makes people go frantic because it will only mean one thing for sure: and that is a very expensive insurance premium. As compared to regular insurance policies, this one has stricter requirements and policies which are often demanding.
If you have been labeled as a high risk driver, having a headache is but natural, but panicking will only make things worse. What you need to do is to take a deep breath, compose yourself, and think of ways to get over and survive this status. Try to analyze what might have caused this status and read on the article below to know the possible factors that may have influenced this change.
There are lots of factors that insurers are using to evaluate what kind of driver you are. For instance, women are considered less risky because they are safe driver as compared to men; people who are driving on the road most of the time are riskier than those who stay at home most of the time; newly-licensed or teen drivers are high risk drivers as well as compared to their older and experienced counterparts.
Evaluation of your credit history and standing is yet another thing. Needless to say, insurers are the wisest people when it comes to credit examination. Therefore, if you want to avoid this status, be sure to improve your credit standing while maintaining a remarkable credit score.
Another reason for being labeled as high risk driver is the poor driving record. While many drivers are already aware of the effects of credit scores, they are less likely to care if they violate traffic laws and regulations. Following road laws will reflect what kind of driver you are and again, in order to get low cost tractor insurance, try to maintain a clean and spotless driving history.
Because of the high cost of tractor insurance, many car owners have inadequate coverage for their vehicles. This decision may be beneficial for a short while and will save them money, but will only backfire in the future when road accidents happen. Get the right coverage that you need.
Its not end of the world when you are labeled as high risk driver. By just following the simple steps you can recover in no time. Do not forget to shop around for less expensive high risk tractor trailer insurance policies. Improve your behavior and work on your driving skills. Always try to make some effort to improve your driving status.
Most importantly, control yourself from driving under the influence of alcohol. Driving while intoxicated not only increases high risk tractor insurance, it also puts your own life and those of others at "high risk," literally. If you are caught and charged with DUI or DWI, your drivers license may be revoked for good. . After a year, you can also go online to compare your current high risk tractor insurance to other companies policies. You have a better chance of finding a better coverage after some time.
Following these practical steps may actually lower your Alabama high risk tractor insurance rates.
Tuesday, December 31, 2013
The Uk Insurance Market Outlook To 2015
Executive Summary
The Report titled The UK Insurance Market Outlook to 2015 provides an in-depth analysis of the UK insurance industry. The report covers specific insights on the market size, insurance density, insurance penetration, segmentation and future outlook of the insurance industry in the UK. The report also entails the market size on the basis of gross insurance premium written in case of life and non-life insurance and market share of various companies at the country level. Overall, the report offers a comprehensive analysis of the entire UK insurance industry.
The insurance industry in the UK is one of the largest, sophisticated and competitive markets in the world. There are few barriers to entry in the Insurance market and freedom on rate setting, leading to an increase in the rivalry among insurers. The industry is currently witnessing soft market conditions due to over-capacity and rise in the level of profitability in 2009 due to a kind natural catastrophe season.
In the UK, the life gross insurance premium grew at a CAGR of ~% from 2001-2009 and increased from USD ~ million to USD ~ million. The life premium showed a growth trend from 2001-2007, declining thereafter in 2008 and 2009. Non life premium increased from USD ~ million in 2001 to USD ~ million in 2009, registering a CAGR of ~%. The effect of recession was felt in the UK as well wherein the market declined for two consecutive years i.e. in 2008 and 2009.
In terms of value, life insurance contributed with a premium of USD ~ million. Motor insurance being the second largest segment contributed with USD ~ million followed closely by property insurance with USD ~ million. Health insurance and other non-life insurance also contributed with USD ~ million and USD ~ million respectively.
Motor insurance in the UK grew at a CAGR of ~% from 2001-2009. The premium increased from 2002 onwards and continued to increase till 2005, declining marginally in 2006 and then again increased in 2007. The premium dipped again in 2008 and 2009 because of economic depression.
The UK life insurance market is highly fragmented with the largest player Aviva holding ~ % of the total market. Standard life is another major player with a market share of ~ %. There is stiff competition between HBOS Financial Services, Legal & General, AEGON, Alico and Prudential, having a market share of ~%, ~%, ~%, ~%, ~% respectively. Lloyds TSB is another major player with a market share of ~ % closely followed by AXA with ~ % of the market share. Friends Provident holds a market share of ~ %. There are other players operating in the region who hold approximately ~ % of the market.
Scope of Research
The report entails thorough analysis and offers valuable insights on the insurance industry in the UK. The scope of the report includes:
The market size of life and non-life insurance industry in terms of gross insurance premium written for the UK, 2001 to 2015
Life and Non-life insurance density in USD for the UK, 2001 to 2015
Life and Non-life insurance penetration, premium as a percentage of GDP for the country, 2001 to 2015
Market segmentation on the basis of Product in the UK, 2009 and 2015
Non-life insurance market segmentation by motor, health, property on the basis of gross insurance premium written, 2001-2015
Competitive Landscape of the major life insurers (Aviva, Standard Life, HBOS Financial Services, Legal & General, AEGON) in the UK on the basis of gross premium written
Competitive Landscape of the major non-life insurers (Aviva, RBS Insurance, AIG,AXA, Royal & Sun Alliance) in the UK on the basis of gross premium written
Valuable Insights and Future Outlook of the insurance industry in UK.
For more information please refer to the below mentioned link:
The Report titled The UK Insurance Market Outlook to 2015 provides an in-depth analysis of the UK insurance industry. The report covers specific insights on the market size, insurance density, insurance penetration, segmentation and future outlook of the insurance industry in the UK. The report also entails the market size on the basis of gross insurance premium written in case of life and non-life insurance and market share of various companies at the country level. Overall, the report offers a comprehensive analysis of the entire UK insurance industry.
The insurance industry in the UK is one of the largest, sophisticated and competitive markets in the world. There are few barriers to entry in the Insurance market and freedom on rate setting, leading to an increase in the rivalry among insurers. The industry is currently witnessing soft market conditions due to over-capacity and rise in the level of profitability in 2009 due to a kind natural catastrophe season.
In the UK, the life gross insurance premium grew at a CAGR of ~% from 2001-2009 and increased from USD ~ million to USD ~ million. The life premium showed a growth trend from 2001-2007, declining thereafter in 2008 and 2009. Non life premium increased from USD ~ million in 2001 to USD ~ million in 2009, registering a CAGR of ~%. The effect of recession was felt in the UK as well wherein the market declined for two consecutive years i.e. in 2008 and 2009.
In terms of value, life insurance contributed with a premium of USD ~ million. Motor insurance being the second largest segment contributed with USD ~ million followed closely by property insurance with USD ~ million. Health insurance and other non-life insurance also contributed with USD ~ million and USD ~ million respectively.
Motor insurance in the UK grew at a CAGR of ~% from 2001-2009. The premium increased from 2002 onwards and continued to increase till 2005, declining marginally in 2006 and then again increased in 2007. The premium dipped again in 2008 and 2009 because of economic depression.
The UK life insurance market is highly fragmented with the largest player Aviva holding ~ % of the total market. Standard life is another major player with a market share of ~ %. There is stiff competition between HBOS Financial Services, Legal & General, AEGON, Alico and Prudential, having a market share of ~%, ~%, ~%, ~%, ~% respectively. Lloyds TSB is another major player with a market share of ~ % closely followed by AXA with ~ % of the market share. Friends Provident holds a market share of ~ %. There are other players operating in the region who hold approximately ~ % of the market.
Scope of Research
The report entails thorough analysis and offers valuable insights on the insurance industry in the UK. The scope of the report includes:
The market size of life and non-life insurance industry in terms of gross insurance premium written for the UK, 2001 to 2015
Life and Non-life insurance density in USD for the UK, 2001 to 2015
Life and Non-life insurance penetration, premium as a percentage of GDP for the country, 2001 to 2015
Market segmentation on the basis of Product in the UK, 2009 and 2015
Non-life insurance market segmentation by motor, health, property on the basis of gross insurance premium written, 2001-2015
Competitive Landscape of the major life insurers (Aviva, Standard Life, HBOS Financial Services, Legal & General, AEGON) in the UK on the basis of gross premium written
Competitive Landscape of the major non-life insurers (Aviva, RBS Insurance, AIG,AXA, Royal & Sun Alliance) in the UK on the basis of gross premium written
Valuable Insights and Future Outlook of the insurance industry in UK.
For more information please refer to the below mentioned link:
Who Are The Top 3 Life Insurance Companies
When choosing to buy life insurance you have loads of choices from a large number of carriers. It helps if you know who some of the best life insurance companies are. To narrow down the list, it is very important to have a look at a number of primary elements to ascertain the highly rated life insurance companies. This is not meant to be an restricted list, as there are many great companies. However, there are a number of filters that we can sift through to determine the cream of the crop.
Using a range of of factors including years in business, number of employees and asset size, it was able to narrow the list down to three top rated insurance companies. With respect to the top variables, the number of years in business is an important one to consider in trying to determine whether a company is best in its field. The number of employees is also an important factor. Generally speaking, the number of employees is broadly tied to the number of clients they serve. The top companies have recognized a good balance between the two in order to be able to deliver top notch customer service and a quality product. Finally, the asset value is another important consideration. When you put it all together the best company is the one that has been around a long time, has a strong employee-to-customer ratio and manages a large asset portfolio.
First on my list, Prudential Financial is a publicly traded financial services company that offers a variety of life insurance products including individual variable life, term life and universal life insurance. Prudential manages an asset portfolio of $784 billion from more than 50 million customers. Prudential has more than 40,000 employees and is based in Newark, New Jersey. The company was founded in 1875.
Second on my list, ING Group is a publicly traded diversified financial services company that provides a number of financial products including life insurance. ING has more than 100,000 employees and is based in Amersterdam, Netherlands. ING manages an asset portfolio of $362 billion from more than 85 million customers. The ING companies have been providing life insurance products in the United States since 1885.
Finally, Transamerica Life Insurance Company, best known for its world-famous San Francisco landmark, the Transamerica Pyramid, offers a variety of financial products including life insurance. Transamerica manages an asset portfolio of more than $120 billion. Transamerica Life Insurance is based in Cedar Rapids, Iowa and was founded in 1906.
If you are considering getting life insurance quotes online it may be worth considering products from some of the best life insurance companies. It's your money so spend it wisely.
Using a range of of factors including years in business, number of employees and asset size, it was able to narrow the list down to three top rated insurance companies. With respect to the top variables, the number of years in business is an important one to consider in trying to determine whether a company is best in its field. The number of employees is also an important factor. Generally speaking, the number of employees is broadly tied to the number of clients they serve. The top companies have recognized a good balance between the two in order to be able to deliver top notch customer service and a quality product. Finally, the asset value is another important consideration. When you put it all together the best company is the one that has been around a long time, has a strong employee-to-customer ratio and manages a large asset portfolio.
First on my list, Prudential Financial is a publicly traded financial services company that offers a variety of life insurance products including individual variable life, term life and universal life insurance. Prudential manages an asset portfolio of $784 billion from more than 50 million customers. Prudential has more than 40,000 employees and is based in Newark, New Jersey. The company was founded in 1875.
Second on my list, ING Group is a publicly traded diversified financial services company that provides a number of financial products including life insurance. ING has more than 100,000 employees and is based in Amersterdam, Netherlands. ING manages an asset portfolio of $362 billion from more than 85 million customers. The ING companies have been providing life insurance products in the United States since 1885.
Finally, Transamerica Life Insurance Company, best known for its world-famous San Francisco landmark, the Transamerica Pyramid, offers a variety of financial products including life insurance. Transamerica manages an asset portfolio of more than $120 billion. Transamerica Life Insurance is based in Cedar Rapids, Iowa and was founded in 1906.
If you are considering getting life insurance quotes online it may be worth considering products from some of the best life insurance companies. It's your money so spend it wisely.
Cutting Down The Budget With Cheapest Car Insurance
It comes a time in our lives that our budget gets into our nerves. Either we are with a good job or the not the budget is an ever going thing making the night sleepless. though we try how many ever time we could we cannot keep the budget in control with low expenses. Some people have ended up taking two or three jobs which is a strain to them.
One thing that we all have failed to think about is how we spend the money., the main reason for the budget to hike is the traditional shopping style. this type of shopping style was used when they has plenty of money in the pocket. it made them to shop easily in the big shopping malls without any difficulty but now everything is changed. We have cheap things being sold a round and they are of good quality and value. we have many things like cheap cars to buy with the cheapest car insurances and also cloths and many other things. all these cheap products with good quality will help managing your budget and this will also save your money when you compare the prices which are very expensive in the big shopping mall. Like the Cheapest car insurance that is available.
Insurance companies are in a competition and each is forced to think outside the box so that they can stay in business. this competition among the insurance companies have created the output of cheapest car insurance. the rates offered for the car insurance are unbelievable. Some insurance companies have come up with an one day car insurance. All this is because of the tight competition among the insurance companies and each is trying to be creative while preserving the quality at the same time attracting more clients.
The customer has nothing to lose. this in fact will help you to get relieved from the unwanted pressure and will also not disturb your budget. the only thing you need to do is to search for. With the internet facility now this is easy to do. Online insurance companies have advance website that will help you find the cheapest car insurance. It is also easy and safe to get the quote for the insurance. you will get an opportunity of not worrying about the sales pitch through online insurance. it is possible for you to get the insurance from the companies that do not have the agents or brokers. you can also expect for some discount on the cheapest car insurance. Through the discount offers they help you to save money and they are also saving the man power through online service.
One thing that we all have failed to think about is how we spend the money., the main reason for the budget to hike is the traditional shopping style. this type of shopping style was used when they has plenty of money in the pocket. it made them to shop easily in the big shopping malls without any difficulty but now everything is changed. We have cheap things being sold a round and they are of good quality and value. we have many things like cheap cars to buy with the cheapest car insurances and also cloths and many other things. all these cheap products with good quality will help managing your budget and this will also save your money when you compare the prices which are very expensive in the big shopping mall. Like the Cheapest car insurance that is available.
Insurance companies are in a competition and each is forced to think outside the box so that they can stay in business. this competition among the insurance companies have created the output of cheapest car insurance. the rates offered for the car insurance are unbelievable. Some insurance companies have come up with an one day car insurance. All this is because of the tight competition among the insurance companies and each is trying to be creative while preserving the quality at the same time attracting more clients.
The customer has nothing to lose. this in fact will help you to get relieved from the unwanted pressure and will also not disturb your budget. the only thing you need to do is to search for. With the internet facility now this is easy to do. Online insurance companies have advance website that will help you find the cheapest car insurance. It is also easy and safe to get the quote for the insurance. you will get an opportunity of not worrying about the sales pitch through online insurance. it is possible for you to get the insurance from the companies that do not have the agents or brokers. you can also expect for some discount on the cheapest car insurance. Through the discount offers they help you to save money and they are also saving the man power through online service.
A Sound Organizational Structure Of A General Insurance Company
Just like you take care to pack and shop for all your essentials for your trip abroad do not forget to shop for trip insurance so that your stay is not just comfortable but peaceful as well. Getting the right travel insurance is essential so that you can cover yourself against medical and other unforeseen emergencies during your stay abroad.
Looking for the right travel insurance is as important as getting the travel insurance. You may avail all information online ranging from the organisational structure of a general insurance company to the coverage that your travel and policy will provide. Various i companies such as Maruti Suzuki has launched Maruti Suzuki online insurance services to satisfy their customer wants and needs.
Some of the benefits of looking for online travel and accident insurance in India are that you will be able to browse through all the available policies, different premiums, payment options and covers and choose the one that fits your need and budget. Some of the policy benefits that you should be looking for while searching online travel insurance in India are:
Cashless hospitalisation facility.
Maximum coverage term.
Covering of pre existing illness under emergencies.
Coverage of medical evacuation costs in the event of emergency.
Facility to extend the policy online.
Cover against global illnesses such as H1N1.
Travel cancellation or delay expenses because of missed flight, terrorist attack or any civil emergency cover.
Baggage and passport loss and theft cover.
Personal accident cover.
Personal liability cover.
Comprehensive travel insurance becomes even more important if you have to deal with medical emergencies. When looking for online travel insurance in India you should also check the tie ups that the insuring company has with foreign health carriers.
Some of us are frequent fliers. We travel across the globe multiple times and find getting a travel insurance policy every time we travel a big hassle. If you are a world traveller, then you can also look for online travel insurance in India that covers multiple trips over a decided time period. All policy extension hassles are taken care of as you pay a one-time annual premium and secure as many trips as you would like in a year.
Age is no barrier when you want to enjoy your senior years travelling and seeing the world. The insurance companies also offer comprehensive travel insurance for senior citizens. You can be assured that all unexpected medical and non medical emergencies will be taken care of by your insurance provider. You can find out insurance companies that offer such policies by looking for online travel insurance in India
Looking for the right travel insurance is as important as getting the travel insurance. You may avail all information online ranging from the organisational structure of a general insurance company to the coverage that your travel and policy will provide. Various i companies such as Maruti Suzuki has launched Maruti Suzuki online insurance services to satisfy their customer wants and needs.
Some of the benefits of looking for online travel and accident insurance in India are that you will be able to browse through all the available policies, different premiums, payment options and covers and choose the one that fits your need and budget. Some of the policy benefits that you should be looking for while searching online travel insurance in India are:
Cashless hospitalisation facility.
Maximum coverage term.
Covering of pre existing illness under emergencies.
Coverage of medical evacuation costs in the event of emergency.
Facility to extend the policy online.
Cover against global illnesses such as H1N1.
Travel cancellation or delay expenses because of missed flight, terrorist attack or any civil emergency cover.
Baggage and passport loss and theft cover.
Personal accident cover.
Personal liability cover.
Comprehensive travel insurance becomes even more important if you have to deal with medical emergencies. When looking for online travel insurance in India you should also check the tie ups that the insuring company has with foreign health carriers.
Some of us are frequent fliers. We travel across the globe multiple times and find getting a travel insurance policy every time we travel a big hassle. If you are a world traveller, then you can also look for online travel insurance in India that covers multiple trips over a decided time period. All policy extension hassles are taken care of as you pay a one-time annual premium and secure as many trips as you would like in a year.
Age is no barrier when you want to enjoy your senior years travelling and seeing the world. The insurance companies also offer comprehensive travel insurance for senior citizens. You can be assured that all unexpected medical and non medical emergencies will be taken care of by your insurance provider. You can find out insurance companies that offer such policies by looking for online travel insurance in India
Lies, Lawlessness and License - The Obama Legacy
The road to hell is paved with good intentions- - Unknown
Flanked by dutiful reporters Barack Obama exclaimed to the American public on December 3, 2013, that as long he is President, the law, (ObamaCare) will not be repealed. Adding defiance to the legacy of lies and lawlessness raises the all-important question - has the authority of the legislative and judicial branches of our government been nullified and concentrated from henceforth in the president? Isn't that a dictatorship?
Entire websites are engaged in compiling accurate lists of Obama's lies, but since everything he says is on public record we already know that it wouldn't require a forensic expert to prove he has repeatedly lied over the past five years.
His unilateral changes to the ObamaCare legislation have now raised a new concern - lawlessness. Could it be that the Harvard law professor does not know that only the legislature can modify laws they have previously passed? Or is it more likely that he just doesn't care?
The attack on religious organizations and his pronouncement that same sex marriage is perfectly reasonable are summary proof that he acts from a position of license, rather than any commonly known system of morality.
Where is all this heading?
In a recent article on American Prophet.org one of our contributing writers known only as Prophecy Dude said something that has been resonating with many across our nation. In an article entitled -Culture Change: Why is the US Military Getting a Makeover?- Dude asks the question -
-Did Obama change this nation or did he tap into a dam of inevitability and unleash what was already there? Is he timely in reflecting the accurate heart for where America was already headed? Which came first, the chicken or the egg?-
As attitudes about morality change and integrity is substituted for the loose idea of -live and let live' it is clear that Obama is tapping into the inevitability.
A prime example of what kind of water is in that dam can be seen in the remarks of leftist pundit and CNN columnist L Z Granderson who told audiences that all politicians lie, but Barack Obama's lies are OK with Americans because we know he has our best interest at heart. Wow!
As the president jacks up the toxicity of the Kool Aid there will always be those who understand that Obama's lies are vested in his own interests - not ours. A far more important question is, what are we going to do about it?
Granderson's philosophy and his mitigation for Barack Obama seems fully entrenched in the black community and among liberals and leftists, but for all those who haven't, as yet, given up the freedom to think on their own, the idea that good intentions pave the way for gross lying, immorality and bad legislation is fully unacceptable.
When carried to its furthest extreme, how does such a philosophy play out? Can we rob banks knowing that the end produces a fine cash flow we heretofore were without - thus justifying the means? Can we commit every crime, cheat and live like animals as long as the end justifies the means.
Obama reaches out to touch someone!
That complacency gives rise to despots and dictators has long passed from theory to law in the historical record of nations. America is proving to be no exception to the rule. Only when people are jogged or jolted from their sleepy perches do they become interventional if not outright revolutionary.
Even as Obama goes on his twenty one day offensive and selling campaign for ObamaCare, about five million Americans have had their health care plans knocked out from under them. Many more are yet to be touched by the obsession of this president. Will that be enough? Will they act?
Senate Republican Mitch McConnell says the ObamaCare legislation is -broken beyond repair," he also asserts that only a full repeal followed by a new bill can stop the confusion. The answer to McConnell from most of America is probably' -OK -Let's get cracking.-
Must we get whacked before we attack?
In a scene much like a punching match between two adolescents we are busy trying to decide -who started it. Against overwhelming odds the Congress is squeezed between a liberal senate and a leftist president, as we try to hold off the flood waters of Obama's broken dam until the 2014 mid-term elections which may bring the senate back to the right. In the interim millions are getting the feel for ObamaCare right where it counts - the wallet.
If we can't knock the flute from the pied piper's hand, how about a noise to counter his refrains, a deafening noise to drown out the piper's melody. Can America wake long enough to get our big sound together?
If we act now perhaps we will see the great Obama apology-tour; return to where it ought to be - right here at home. We would accept an apology from this president for leading the nation to the place where we are a second rate power in the world and for giving our youth the worst example of lawlessness since the days of Al Capone.
The great King Solomon said in his lamentations - -To subvert a man in his cause, the Lord approveth not.- (La 3: 36) How much approval can Barack Obama win from God or America for subverting an entire nation?
American Prophet.org has since 2005 featured the articles and reports of journalist Rev Michael Bresciani along with news and reviews that have earned this site the title of The Website for Insight. Millions have read his timely reports and articles in online journals and print publications across the nation and the globe. Follow us on Twitter and Facebook
Flanked by dutiful reporters Barack Obama exclaimed to the American public on December 3, 2013, that as long he is President, the law, (ObamaCare) will not be repealed. Adding defiance to the legacy of lies and lawlessness raises the all-important question - has the authority of the legislative and judicial branches of our government been nullified and concentrated from henceforth in the president? Isn't that a dictatorship?
Entire websites are engaged in compiling accurate lists of Obama's lies, but since everything he says is on public record we already know that it wouldn't require a forensic expert to prove he has repeatedly lied over the past five years.
His unilateral changes to the ObamaCare legislation have now raised a new concern - lawlessness. Could it be that the Harvard law professor does not know that only the legislature can modify laws they have previously passed? Or is it more likely that he just doesn't care?
The attack on religious organizations and his pronouncement that same sex marriage is perfectly reasonable are summary proof that he acts from a position of license, rather than any commonly known system of morality.
Where is all this heading?
In a recent article on American Prophet.org one of our contributing writers known only as Prophecy Dude said something that has been resonating with many across our nation. In an article entitled -Culture Change: Why is the US Military Getting a Makeover?- Dude asks the question -
-Did Obama change this nation or did he tap into a dam of inevitability and unleash what was already there? Is he timely in reflecting the accurate heart for where America was already headed? Which came first, the chicken or the egg?-
As attitudes about morality change and integrity is substituted for the loose idea of -live and let live' it is clear that Obama is tapping into the inevitability.
A prime example of what kind of water is in that dam can be seen in the remarks of leftist pundit and CNN columnist L Z Granderson who told audiences that all politicians lie, but Barack Obama's lies are OK with Americans because we know he has our best interest at heart. Wow!
As the president jacks up the toxicity of the Kool Aid there will always be those who understand that Obama's lies are vested in his own interests - not ours. A far more important question is, what are we going to do about it?
Granderson's philosophy and his mitigation for Barack Obama seems fully entrenched in the black community and among liberals and leftists, but for all those who haven't, as yet, given up the freedom to think on their own, the idea that good intentions pave the way for gross lying, immorality and bad legislation is fully unacceptable.
When carried to its furthest extreme, how does such a philosophy play out? Can we rob banks knowing that the end produces a fine cash flow we heretofore were without - thus justifying the means? Can we commit every crime, cheat and live like animals as long as the end justifies the means.
Obama reaches out to touch someone!
That complacency gives rise to despots and dictators has long passed from theory to law in the historical record of nations. America is proving to be no exception to the rule. Only when people are jogged or jolted from their sleepy perches do they become interventional if not outright revolutionary.
Even as Obama goes on his twenty one day offensive and selling campaign for ObamaCare, about five million Americans have had their health care plans knocked out from under them. Many more are yet to be touched by the obsession of this president. Will that be enough? Will they act?
Senate Republican Mitch McConnell says the ObamaCare legislation is -broken beyond repair," he also asserts that only a full repeal followed by a new bill can stop the confusion. The answer to McConnell from most of America is probably' -OK -Let's get cracking.-
Must we get whacked before we attack?
In a scene much like a punching match between two adolescents we are busy trying to decide -who started it. Against overwhelming odds the Congress is squeezed between a liberal senate and a leftist president, as we try to hold off the flood waters of Obama's broken dam until the 2014 mid-term elections which may bring the senate back to the right. In the interim millions are getting the feel for ObamaCare right where it counts - the wallet.
If we can't knock the flute from the pied piper's hand, how about a noise to counter his refrains, a deafening noise to drown out the piper's melody. Can America wake long enough to get our big sound together?
If we act now perhaps we will see the great Obama apology-tour; return to where it ought to be - right here at home. We would accept an apology from this president for leading the nation to the place where we are a second rate power in the world and for giving our youth the worst example of lawlessness since the days of Al Capone.
The great King Solomon said in his lamentations - -To subvert a man in his cause, the Lord approveth not.- (La 3: 36) How much approval can Barack Obama win from God or America for subverting an entire nation?
American Prophet.org has since 2005 featured the articles and reports of journalist Rev Michael Bresciani along with news and reviews that have earned this site the title of The Website for Insight. Millions have read his timely reports and articles in online journals and print publications across the nation and the globe. Follow us on Twitter and Facebook
An Introduction to Pet Health Insurance
As much as people do not like to think about their beloved pets falling ill or getting injured, it can still happen, and treatment can be expensive. In order to provide an alternative for pet owners who fear that they might not be able to afford unexpected veterinary bills, various companies have started offering pet health insurance which can be used much like standard medical insurance would be used to cover visits to the doctor or hospital for the pet owners themselves. Before running out and buying insurance for your pets, though, it is important that you understand how pet health insurance works, what the limitations on it are, and how much it is going to cost so that you don't end up paying more than you have to for something that will not offer as much coverage as you would like.
How Pet Health Insurance Works
Much like the health insurance that you would purchase for yourself or your family, pet health insurance is designed to provide financial coverage that will cover veterinary care in case your pets become sick or injured. The coverage is also designed to help cover routine veterinary care such as checkups, rabies and other annual shots, and regular medication such as flea and tick medicines or any other specific medications required by pet illnesses. Some forms of pet health insurance work directly with veterinarians to cover the expenses with no up-front cost to you, while others may require that you pay for the care that your pet receives when it's due and then file a claim so that you may be reimbursed for the amount that you have paid. One thing to remember is that there are some things which are not covered by pet health insurance, including pre-existing conditions or certain types of pet care. Additionally, pets under a certain age may not be eligible depending upon the specific rules of the insurance provider.
Levels of Coverage
The level of coverage that you receive from a pet health insurance plan will depend upon the type of pet that you have and the number of pets that you are planning to insure under the same policy, as well as the company or organization that you purchase the policy from. There may also be different amounts of coverage available for different price ranges, though that may vary from one company or organization to another. Many companies and organizations which offer pet health insurance feature separate plans for dogs, cats, and other types of pets which are based upon the specific health problems that different pets may be more prone to. If the company that you are considering buying pet health insurance from offers different levels of coverage beyond that, you will most likely have the option of covering only emergency care and special visits or of covering all veterinary expenses (including both emergency care and routine visits.) There may be additional options which allow for the cost of prescription medications for your pets, or those costs may be included in the standard packages. Make sure that you take the time to find out exactly what expenses are covered before deciding on a particular plan.
How Pet Health Insurance Works
Much like the health insurance that you would purchase for yourself or your family, pet health insurance is designed to provide financial coverage that will cover veterinary care in case your pets become sick or injured. The coverage is also designed to help cover routine veterinary care such as checkups, rabies and other annual shots, and regular medication such as flea and tick medicines or any other specific medications required by pet illnesses. Some forms of pet health insurance work directly with veterinarians to cover the expenses with no up-front cost to you, while others may require that you pay for the care that your pet receives when it's due and then file a claim so that you may be reimbursed for the amount that you have paid. One thing to remember is that there are some things which are not covered by pet health insurance, including pre-existing conditions or certain types of pet care. Additionally, pets under a certain age may not be eligible depending upon the specific rules of the insurance provider.
Levels of Coverage
The level of coverage that you receive from a pet health insurance plan will depend upon the type of pet that you have and the number of pets that you are planning to insure under the same policy, as well as the company or organization that you purchase the policy from. There may also be different amounts of coverage available for different price ranges, though that may vary from one company or organization to another. Many companies and organizations which offer pet health insurance feature separate plans for dogs, cats, and other types of pets which are based upon the specific health problems that different pets may be more prone to. If the company that you are considering buying pet health insurance from offers different levels of coverage beyond that, you will most likely have the option of covering only emergency care and special visits or of covering all veterinary expenses (including both emergency care and routine visits.) There may be additional options which allow for the cost of prescription medications for your pets, or those costs may be included in the standard packages. Make sure that you take the time to find out exactly what expenses are covered before deciding on a particular plan.
Make Travel Safe with Group Travel Insurance
When countries are doing so much to promote tourism for economic development, it's little wonder that insurance companies are coming out with attractive packages to woo their customers. Here, special mention has to be made about group travel insurance, which has become very popular among groups of travelers.
Traveling is always exciting and something to look forward to; there is so much one can learn from traveling both within and outside one's home country. But to get the best experience, it's always advisable that we do everything possible to make our travel risk-free and comfortable. Insurance companies play a huge role by coming out with attractive packages and plans, taking care to cater to the customer's every possible need.
There was a time when people thought carrying insurance while traveling was a waste of money and just escalated travel expenses. But times have changed; now we rarely see people traveling without insurance, which makes travel so much more comfortable and secure. Today one can find insurance options to suit any individual or group traveling anywhere, be it domestically or abroad. Packages can be found for students, missionary groups or families.
Insurance comes in really useful when one has an accident, becomes ill or in all other unexpected emergency situations. With the wide range of plans and options that insurance plans cover, one can now secure insurance benefits for natural disasters, emergency medical requirements and even political evacuations.
There are travel insurance plans for people residing outside the U.S. that offer up to 10 years of coverage. Annually renewable plans are exclusively designed for expats and will help them to know in advance how much money to set aside for travel.
Purchasing travel insurance is the smartest thing that today's traveler can do. He has only to contact the insurance company of his choice, who will guide him toward the best choice depending on his budget and requirements. The best news is that there are so many options offered by the many insurance companies out there that we can take our time to find the best deals.
Traveling is always exciting and something to look forward to; there is so much one can learn from traveling both within and outside one's home country. But to get the best experience, it's always advisable that we do everything possible to make our travel risk-free and comfortable. Insurance companies play a huge role by coming out with attractive packages and plans, taking care to cater to the customer's every possible need.
There was a time when people thought carrying insurance while traveling was a waste of money and just escalated travel expenses. But times have changed; now we rarely see people traveling without insurance, which makes travel so much more comfortable and secure. Today one can find insurance options to suit any individual or group traveling anywhere, be it domestically or abroad. Packages can be found for students, missionary groups or families.
Insurance comes in really useful when one has an accident, becomes ill or in all other unexpected emergency situations. With the wide range of plans and options that insurance plans cover, one can now secure insurance benefits for natural disasters, emergency medical requirements and even political evacuations.
There are travel insurance plans for people residing outside the U.S. that offer up to 10 years of coverage. Annually renewable plans are exclusively designed for expats and will help them to know in advance how much money to set aside for travel.
Purchasing travel insurance is the smartest thing that today's traveler can do. He has only to contact the insurance company of his choice, who will guide him toward the best choice depending on his budget and requirements. The best news is that there are so many options offered by the many insurance companies out there that we can take our time to find the best deals.
Attributes That A Good Insurance Agent Must Have
An insurance agent is liable for helping individuals, families and businesses find appropriate protection for their health, property and lives. A good insurance agent should have a firm grasp on the financial products consumers are interested in, the technology to stay relevant and the customer service to build a honorable name.
When selecting a life insurance agent there are a number of different variables to look at. If an agent doesn't possess the characteristics enumerated below, it is highly unseemly that he or she will remain in the business over the long run.
1. Product Knowledge - Along with the fundamental insurance products, an increasing number of insurance agents offer comprehensive financial services, thereby creating a one-stop-shop where clients can satisfy their needs for insurance and financial planning. A good insurance agent usually gets updated with changes in tax and insurance laws that may affect the clients investments.
2. Competitive Customer Service - Even in todays computerized world, a big number of people choose to buy a policy by sitting down with an agent rather than going online. By doing this, they reinforce the significance of excellent customer service.
The best agents are flexible, enthusiastic, and reliable. Their task is to motivate client confidence through adequate communication. In order to help address the needs of their clients, many agents hire customer service representatives to deal with client questions, make changes to policies and process claims, thus leaving the agent free to work on finding new clients and preserving relationships with old clients.
3. Persistence - While it may seem to some a negative quality to have an agent contacting the client constantly about insurance, passive persistence is a necessary quality in sales related occupation, mainly the insurance industry. Agents who are impotent to methodical follow-up with prospective clients are unlikely to have long-term success. This demonstrates a zeal the lack of which is detrimental to the agent as well as the customer.
4. Competence - There are too many insurance advisers who lack a standard level of efficiency in these days. Incompetence can leave ones family in the cold at their time of requirement.
5. Honesty - A excellent insurance agent should be honest. But, as in any industry, there are usually a handful of bad apples. One should ask their respective agents if they can talk to any existing clients for feedback, or if he or she has any testimonials.
6. Strong back office support - A good agent should have a powerful back office team. This team should be able to help him or her with administrative issues such as changing beneficiaries, difference of address and changes in pre-authorized banking details. A powerful back office team can also assist with reports for quarterly semi-annual or annual reviews and provide updates on any policy changes.
7. Complete product shelf - Captive insurance agents are generally limited to one or two carriers, whereas independent agents are free to offer products of a big number of insurers. Although, most independent agents only work with two or three companies. One should try to find an independent agent who deals with a broad range of carriers and is not restricted by any quotas.
When selecting a life insurance agent there are a number of different variables to look at. If an agent doesn't possess the characteristics enumerated below, it is highly unseemly that he or she will remain in the business over the long run.
1. Product Knowledge - Along with the fundamental insurance products, an increasing number of insurance agents offer comprehensive financial services, thereby creating a one-stop-shop where clients can satisfy their needs for insurance and financial planning. A good insurance agent usually gets updated with changes in tax and insurance laws that may affect the clients investments.
2. Competitive Customer Service - Even in todays computerized world, a big number of people choose to buy a policy by sitting down with an agent rather than going online. By doing this, they reinforce the significance of excellent customer service.
The best agents are flexible, enthusiastic, and reliable. Their task is to motivate client confidence through adequate communication. In order to help address the needs of their clients, many agents hire customer service representatives to deal with client questions, make changes to policies and process claims, thus leaving the agent free to work on finding new clients and preserving relationships with old clients.
3. Persistence - While it may seem to some a negative quality to have an agent contacting the client constantly about insurance, passive persistence is a necessary quality in sales related occupation, mainly the insurance industry. Agents who are impotent to methodical follow-up with prospective clients are unlikely to have long-term success. This demonstrates a zeal the lack of which is detrimental to the agent as well as the customer.
4. Competence - There are too many insurance advisers who lack a standard level of efficiency in these days. Incompetence can leave ones family in the cold at their time of requirement.
5. Honesty - A excellent insurance agent should be honest. But, as in any industry, there are usually a handful of bad apples. One should ask their respective agents if they can talk to any existing clients for feedback, or if he or she has any testimonials.
6. Strong back office support - A good agent should have a powerful back office team. This team should be able to help him or her with administrative issues such as changing beneficiaries, difference of address and changes in pre-authorized banking details. A powerful back office team can also assist with reports for quarterly semi-annual or annual reviews and provide updates on any policy changes.
7. Complete product shelf - Captive insurance agents are generally limited to one or two carriers, whereas independent agents are free to offer products of a big number of insurers. Although, most independent agents only work with two or three companies. One should try to find an independent agent who deals with a broad range of carriers and is not restricted by any quotas.
Fiinovation (Innovative Financial Advisors Pvt Ltd) Nuclear Energy Safe and Cheap
Is nuclear energy safe is a question mostly asked by people of the developing nations and the answer to that is yes. Apart from small instances and the Fukushima incident in Japan there are no major mishaps that have occurred in the pursuit of nuclear energy for electricity generation which began soon after the discovery in the early 20th century that radioactive elements, such as radium, released immense amounts of energy, according to the principle of mass-energy equivalence. The Fukushima incident in Japan made mankind give a rethink on nuclear power and countries like Italy banned nuclear energy and Germany wants to close down all plants by 2022. Nuclear energy is much safer than other sources of energy especially when we compare with air pollution from coal, the largest supplier of electricity in India and the most dirtiest energy resource claims lives of more 1 lakh every year with almost 30 million people suffering from chronic bronchitis, chest discomforts and asthma attacks. However, nuclear energy which not only saves hydro and renewables but also doesn't contribute to man-made climate change. >
Till today nuclear energy supplies are about 13% of global electricity and dozens of new reactors are being built in big economies like China, India and Russia. While US and much of the is in retreat with nuclear energy with new reactors not being developed or are in hold and the old ones are being retired. There is clear role of radioactivity and fear of nuclear accidents for the decline in demand of nuclear energy. The cost is even a bigger factor as the present nuclear reactors that produce inexpensive electricity get stalled due to billions of dollars going over budget in the construction if new plants forcing some utilities to abandon projects in midconstruction. Nuclear plants which have been made with designs from the cold war era actually become more expensive as they scale up. Larger plants require bigger and stronger containment domes that used expensive concrete and steel. Most of the plants outside France is not standardized which meant every reactor was produced made to order. In Fukushima meltdown no one was killed by the cost of accident was $100 billion and you have very expensive way to produce electricity. Cheap natural gas use in US and renewables preferred in much of Europe nuclear remain in decline in the first world countries until it gets cheaper.
However the question remains that can nuclear energy is cheap? Answer to that is yes it can be cheap after the development of entirely new reactor designs which can employ modular, mass-produced components with inherent safety characteristics that eliminate the need for the expensive backup systems that have helped inflate the costs of new plants in the past. Reactors with passive safety systems are likely to much cheaper as well as safer as there is no need to worry if power couldn't be restored to the plant quickly in the event of disaster.
For more information visit:
Till today nuclear energy supplies are about 13% of global electricity and dozens of new reactors are being built in big economies like China, India and Russia. While US and much of the is in retreat with nuclear energy with new reactors not being developed or are in hold and the old ones are being retired. There is clear role of radioactivity and fear of nuclear accidents for the decline in demand of nuclear energy. The cost is even a bigger factor as the present nuclear reactors that produce inexpensive electricity get stalled due to billions of dollars going over budget in the construction if new plants forcing some utilities to abandon projects in midconstruction. Nuclear plants which have been made with designs from the cold war era actually become more expensive as they scale up. Larger plants require bigger and stronger containment domes that used expensive concrete and steel. Most of the plants outside France is not standardized which meant every reactor was produced made to order. In Fukushima meltdown no one was killed by the cost of accident was $100 billion and you have very expensive way to produce electricity. Cheap natural gas use in US and renewables preferred in much of Europe nuclear remain in decline in the first world countries until it gets cheaper.
However the question remains that can nuclear energy is cheap? Answer to that is yes it can be cheap after the development of entirely new reactor designs which can employ modular, mass-produced components with inherent safety characteristics that eliminate the need for the expensive backup systems that have helped inflate the costs of new plants in the past. Reactors with passive safety systems are likely to much cheaper as well as safer as there is no need to worry if power couldn't be restored to the plant quickly in the event of disaster.
For more information visit:
Auto Insurance And The Importance Of Having Coverage
No matter how often you drive, in each and every state you must have adequate insurance coverage. Most states by law require that a automobile be covered before you take to the roads in order to avoid bad situations becoming worse should a car accident arise. To provide your family the most appropriate insurance coverage, there a few things you need to keep in mind when choosing the right insurance company for your particular needs.
First of all, its a good idea to visit the web page for your states department of insurance. You may possibly not have known that your state even has this type of website, but each one does. Consumer reviews both negative and positive on insurance companies operating within the state are listed on each states department of insurance and also any auto claim complaints. It could be tempting to assume that a big name company will provide satisfactory service, but it could be that a smaller Ballston Lake automobile insurance company provides much better customer support and rates. Making it possible to narrow down your list of needs when it comes to auto insurance, Ballston provides basic rate comparison to a larger recognized insurance company.
Checking with local body shops in a particular area could be a good plan to ensure you're going with a company who will be able to pay for local shops to repair damage should there ever be a car accident. The manager of a repair shop that you trust and frequent can provide an interesting perspective. They typically deal with insurance adjusters and various companies and can give some insight into which companies are the easiest to work with in regards to both process and staff when trying to collect on a claim for a vehicle that has been damaged in an accident. In an effort to cut cost, some insurance companies try and push for recycled parts verses new original equipment and a body shop will know which companies generally go that route which is not the better option when it comes to your car's safety.
For major insurance businesses and the coverage they offer, J.D. Power and Associates have rating surveys that could be extremely helpful. Their website will help in comparing prices, claims handling, and overall client satisfaction while rating some of the major auto insurers in a yearly report.
If youre still having difficulty finding a Ballston Lake auto insurance company to cover your needs, check with a neighborhood agent. There are two kinds of agents; independent agents plus captive agents. Based on your needs, an independent agent acts as a broker for many insurance providers therefore they will help decipher for you the many policies and costs, enabling you to get the best insurance possible. While selling the business's insurance, a captive agent will represent only one company.
Having your own insurance professional is a great advantage because it means this person has an interest in keeping you happy as a customer of theirs. They can more easily become familiarized with your specific situation and help guide you in finding the very best policy available for your needs and your budget range while helping to establish a good relationship between the two of you.
First of all, its a good idea to visit the web page for your states department of insurance. You may possibly not have known that your state even has this type of website, but each one does. Consumer reviews both negative and positive on insurance companies operating within the state are listed on each states department of insurance and also any auto claim complaints. It could be tempting to assume that a big name company will provide satisfactory service, but it could be that a smaller Ballston Lake automobile insurance company provides much better customer support and rates. Making it possible to narrow down your list of needs when it comes to auto insurance, Ballston provides basic rate comparison to a larger recognized insurance company.
Checking with local body shops in a particular area could be a good plan to ensure you're going with a company who will be able to pay for local shops to repair damage should there ever be a car accident. The manager of a repair shop that you trust and frequent can provide an interesting perspective. They typically deal with insurance adjusters and various companies and can give some insight into which companies are the easiest to work with in regards to both process and staff when trying to collect on a claim for a vehicle that has been damaged in an accident. In an effort to cut cost, some insurance companies try and push for recycled parts verses new original equipment and a body shop will know which companies generally go that route which is not the better option when it comes to your car's safety.
For major insurance businesses and the coverage they offer, J.D. Power and Associates have rating surveys that could be extremely helpful. Their website will help in comparing prices, claims handling, and overall client satisfaction while rating some of the major auto insurers in a yearly report.
If youre still having difficulty finding a Ballston Lake auto insurance company to cover your needs, check with a neighborhood agent. There are two kinds of agents; independent agents plus captive agents. Based on your needs, an independent agent acts as a broker for many insurance providers therefore they will help decipher for you the many policies and costs, enabling you to get the best insurance possible. While selling the business's insurance, a captive agent will represent only one company.
Having your own insurance professional is a great advantage because it means this person has an interest in keeping you happy as a customer of theirs. They can more easily become familiarized with your specific situation and help guide you in finding the very best policy available for your needs and your budget range while helping to establish a good relationship between the two of you.
Car Insurance Liability Vs Collision Vs Comprehensive Coverage
Car insurance is something that every driver needs to have. It's not just a recommendation, it's the law. Why do people need to have car insurance? Well, the most important point is that it protects a driver from civil liability in the event of an auto accident. Insurance is a way of making sure that people are financially responsible for their own mistakes. There are many other benefits to having car insurance, however, and there are many different coverage options.
First, let's talk about the backbone of any automotive insurance policy: liability insurance. No matter what other options a person chooses, he or she needs to have, at minimum, liability insurance. Liability insurance covers other people and other people's property in the event of an accident up to a certain, predefined limit. That means that if a person hits another driver's car and is determined to be at fault, then the insurance will pay to fix the other person's car and it will cover personal injury.
If a person owes money on a car or the value of the car is high enough that it is worth insuring then a person may opt for collision and comprehensive coverage as well. Collision coverage is the insurance that covers a driver's own personal vehicle in the event of a collision that is determined to be his or her fault. A person who chooses this coverage will choose a deductible (anywhere from $0 to $1000) and in the event of an accident, the insured party is only responsible for the deductible and the insurance will take care of the rest. Comprehensive insurance is similar to collision, except that it covers damage to a car from most things other than a collision. For example, hail damage, fire, theft, or vandalism would be covered under comprehensive coverage.
In addition, insurance companies offer certain services like tow and rental coverage and many different payment options. Many insurance companies allow a person to split their insurance premium up into either monthly payments with an installment fee or a person can pay for six months to a year up front, with no monthly payments. Insurance companies are also making it easier and easier to pay online and for the insurance payments to come out of a person's account automatically. Insurance is definitely a "necessary evil" but with all of the options and all of the companies offering insurance, there's definitely a reasonable policy for every driver out there.
First, let's talk about the backbone of any automotive insurance policy: liability insurance. No matter what other options a person chooses, he or she needs to have, at minimum, liability insurance. Liability insurance covers other people and other people's property in the event of an accident up to a certain, predefined limit. That means that if a person hits another driver's car and is determined to be at fault, then the insurance will pay to fix the other person's car and it will cover personal injury.
If a person owes money on a car or the value of the car is high enough that it is worth insuring then a person may opt for collision and comprehensive coverage as well. Collision coverage is the insurance that covers a driver's own personal vehicle in the event of a collision that is determined to be his or her fault. A person who chooses this coverage will choose a deductible (anywhere from $0 to $1000) and in the event of an accident, the insured party is only responsible for the deductible and the insurance will take care of the rest. Comprehensive insurance is similar to collision, except that it covers damage to a car from most things other than a collision. For example, hail damage, fire, theft, or vandalism would be covered under comprehensive coverage.
In addition, insurance companies offer certain services like tow and rental coverage and many different payment options. Many insurance companies allow a person to split their insurance premium up into either monthly payments with an installment fee or a person can pay for six months to a year up front, with no monthly payments. Insurance companies are also making it easier and easier to pay online and for the insurance payments to come out of a person's account automatically. Insurance is definitely a "necessary evil" but with all of the options and all of the companies offering insurance, there's definitely a reasonable policy for every driver out there.
Austin Insurance Done Right!
Whether you are looking for business insurance, home or car insurance you need to have a trusted resource to help you navigate the maize of options in the market today. You can't turnaround without being bombarded with ads about how a Gecko or Caveman or groovy waitress-looking chicks are telling you that all you have to do is call them and you will save $487. Or switch to xyz insurance company and save 15%. Are all of these ads right? Are they all the lowest cost solutions? How can this be? Who can I believe? Something just isn't adding up!
Take a peak here to get an insider's look at the insurance industry Insurance companies price their policies on a multitude of factors ranging from their overall underwriting profit (or combined ratio), their expense ratios, returns on their investment income and the competitive landscape.
It has been our experience in the Austin insurance market that carriers go through cycles in their pricing structure. A big reason for this is their loss history for a given market segment as well as the company overall. If an insurance company experiences lower than normal claims and makes more of an underwriting profit, they typically get more aggressive in the insurance discounts they offer.
One of the keys to managing your business and home insurance programs is to test the waters with other insurance companies at least every other year to make sure you are taking advantage of the carriers who are in an aggressive rate cycle. Yes this sounds like a very time consuming and frustrating process, but if you get with a knowledgeable and reputable independent insurance agent they can do most of the work for you and typically save you significant dollars.
Up-front premiums, however are only one part of the equation in securing an optimal insurance program. Today there are so many different types of carriers and types of insurance coverages that it is literally a full time job understanding all of the issues involved. Don't assume that since an agent is merely licensed that they are truly qualified.
Make sure your insurance agent has advanced certifications such as a Certified Insurance Counselor (CIC) or a Certified Property & Casualty Underwriter (CPCU). A Certified Insurance Counselor can not only help you find the optimal price, can help you diagnose and then prescribe the proper coverage. Having a lower premium becomes quickly irrelevant if you have an uncovered claim!
Here Is A Brief Synopsis Of Some Of The Types Of Coverage You Need To Evaluate For Your Austin Business Insurance:
Austin General Liability Insurance
A broad commercial policy that covers liability exposures of a business that are not specifically excluded. Coverage typically includes product liability, completed operations, premises and operations, and personal and advertising injury. It is recommended that all businesses operating have general liability coverage in place.
Business Owners Policy
An Austin business insurance policy that combines property, liability and business interruption coverages for small to medium-sized businesses. Coverage is generally cheaper than if purchased through separate insurance policies. A Business Owners policy is typically available to businesses and industries that are typically viewed as having relatively low liability exposures.
Austin Workers Comp & Employers Liability
This coverage pays for medical care and physical rehabilitation of employees injured at work and helps to replace lost wages while they are unable to work. Additionally this coverage protects an employer from being sued by an injured worker in most cases. A commonly overlooked exposure for companies who employ mostly office workers is the potential injury to employees while driving their own vehicles on company business. This could be as simple as an employee driving to a sales call, the bank or office supply store. If you have employees it is critical that you secure this important coverage.
Professional Liability Insurance Austin
E&O insurance covers professionals for negligence and errors or omissions that injure their clients. In addition to covering licensed professionals such as accountants, attorneys, insurance agents, architect and engineers to name a few, technology companies frequently have a professional liability exposure. This typically arises from the fact that the general liability policy excludes damage to data. Technology E&O can protect your company in the event that your negligence, error, or omission causes damage to a third party's data. It is recommended that all professional and technology companies have E&O coverage. Contact an Agent today for more information business insurance.
Austin Umbrella Insurance
This Cedar Park business insurance policy provides coverage for losses above the limit of an underlying policy or policies such as General Liability, Employers Liability and Automobile Liability. While it applies to losses over the dollar amount in the underlying policies, terms of coverage are sometimes broader than those of underlying policies. Due to the unpredictable nature of jury awards, it is recommended that your business insurance program have this coverage.
Austin Employment Practices Liability Insurance
Employment Practices Liability Insurance for employers that covers employment related liabilities other than on the job injuries. EPLI will cover legal fees and damages for suits such as wrongful termination, discrimination, sexual harassment, and other alleged violations of employees' legal rights. Although only three percent of Employment Practices lawsuits go in favor of the plaintiff, the average cost to defend yourself in one of these is well over $200,000.
Austin Commercial Auto Policy
This Texas business insurance policy provides coverage for bodily injury liability and property damage, for injuries/damage the policyholder causes to someone else. Medical payments or Personal Injury Protection (PIP) for treatment of injuries to the driver and passengers of the policyholder's car are also offered. Optional property coverages for damage to the insureds vehicles are also available in the form of collision, for damage to the policyholder's car from a collision and comprehensive, for damage to the policyholder's car not involving a collision with another car (including damage from fire, explosions, earthquakes, floods, and riots), and theft. Uninsured motorists' coverage, for costs resulting from an accident involving a hit-and-run driver or a driver who does not have insurance is also recommended.
These are just a few of the Cedar Park Insurance coverages for businesses. If you have questions, feel free to contact Inspire Insurance solutions, your one-stop solution for all your Austin Insurance needs.
Take a peak here to get an insider's look at the insurance industry Insurance companies price their policies on a multitude of factors ranging from their overall underwriting profit (or combined ratio), their expense ratios, returns on their investment income and the competitive landscape.
It has been our experience in the Austin insurance market that carriers go through cycles in their pricing structure. A big reason for this is their loss history for a given market segment as well as the company overall. If an insurance company experiences lower than normal claims and makes more of an underwriting profit, they typically get more aggressive in the insurance discounts they offer.
One of the keys to managing your business and home insurance programs is to test the waters with other insurance companies at least every other year to make sure you are taking advantage of the carriers who are in an aggressive rate cycle. Yes this sounds like a very time consuming and frustrating process, but if you get with a knowledgeable and reputable independent insurance agent they can do most of the work for you and typically save you significant dollars.
Up-front premiums, however are only one part of the equation in securing an optimal insurance program. Today there are so many different types of carriers and types of insurance coverages that it is literally a full time job understanding all of the issues involved. Don't assume that since an agent is merely licensed that they are truly qualified.
Make sure your insurance agent has advanced certifications such as a Certified Insurance Counselor (CIC) or a Certified Property & Casualty Underwriter (CPCU). A Certified Insurance Counselor can not only help you find the optimal price, can help you diagnose and then prescribe the proper coverage. Having a lower premium becomes quickly irrelevant if you have an uncovered claim!
Here Is A Brief Synopsis Of Some Of The Types Of Coverage You Need To Evaluate For Your Austin Business Insurance:
Austin General Liability Insurance
A broad commercial policy that covers liability exposures of a business that are not specifically excluded. Coverage typically includes product liability, completed operations, premises and operations, and personal and advertising injury. It is recommended that all businesses operating have general liability coverage in place.
Business Owners Policy
An Austin business insurance policy that combines property, liability and business interruption coverages for small to medium-sized businesses. Coverage is generally cheaper than if purchased through separate insurance policies. A Business Owners policy is typically available to businesses and industries that are typically viewed as having relatively low liability exposures.
Austin Workers Comp & Employers Liability
This coverage pays for medical care and physical rehabilitation of employees injured at work and helps to replace lost wages while they are unable to work. Additionally this coverage protects an employer from being sued by an injured worker in most cases. A commonly overlooked exposure for companies who employ mostly office workers is the potential injury to employees while driving their own vehicles on company business. This could be as simple as an employee driving to a sales call, the bank or office supply store. If you have employees it is critical that you secure this important coverage.
Professional Liability Insurance Austin
E&O insurance covers professionals for negligence and errors or omissions that injure their clients. In addition to covering licensed professionals such as accountants, attorneys, insurance agents, architect and engineers to name a few, technology companies frequently have a professional liability exposure. This typically arises from the fact that the general liability policy excludes damage to data. Technology E&O can protect your company in the event that your negligence, error, or omission causes damage to a third party's data. It is recommended that all professional and technology companies have E&O coverage. Contact an Agent today for more information business insurance.
Austin Umbrella Insurance
This Cedar Park business insurance policy provides coverage for losses above the limit of an underlying policy or policies such as General Liability, Employers Liability and Automobile Liability. While it applies to losses over the dollar amount in the underlying policies, terms of coverage are sometimes broader than those of underlying policies. Due to the unpredictable nature of jury awards, it is recommended that your business insurance program have this coverage.
Austin Employment Practices Liability Insurance
Employment Practices Liability Insurance for employers that covers employment related liabilities other than on the job injuries. EPLI will cover legal fees and damages for suits such as wrongful termination, discrimination, sexual harassment, and other alleged violations of employees' legal rights. Although only three percent of Employment Practices lawsuits go in favor of the plaintiff, the average cost to defend yourself in one of these is well over $200,000.
Austin Commercial Auto Policy
This Texas business insurance policy provides coverage for bodily injury liability and property damage, for injuries/damage the policyholder causes to someone else. Medical payments or Personal Injury Protection (PIP) for treatment of injuries to the driver and passengers of the policyholder's car are also offered. Optional property coverages for damage to the insureds vehicles are also available in the form of collision, for damage to the policyholder's car from a collision and comprehensive, for damage to the policyholder's car not involving a collision with another car (including damage from fire, explosions, earthquakes, floods, and riots), and theft. Uninsured motorists' coverage, for costs resulting from an accident involving a hit-and-run driver or a driver who does not have insurance is also recommended.
These are just a few of the Cedar Park Insurance coverages for businesses. If you have questions, feel free to contact Inspire Insurance solutions, your one-stop solution for all your Austin Insurance needs.
House Insurance Using Home Los Angeles Security Cameras
We would all want to save money on our household bills particularly in regards to insurance coverage. Annually the expenditures rise and normally the increases exceed the price at which our incomes boost leaving us with less disposable earnings in our financial institution accounts. You'll be able to save cash on household insurance coverage policies by installing inside and outside your home.
It really is widely acknowledged that insurance coverage firms will give a discount on properties that have alarm methods set up and maybe you have currently had this kind of a technique fitted for your home, but there is certainly yet another way of securing a price reduction. This method can be utilized along with an intruder alarm program or alternatively of, dependent on your price range along with the practicality of an alarm procedure within your residence.
Household safety cameras have come an extended way since the first examples appeared numerous many years in the past. The contemporary wireless IP cameras offered today have a host of characteristics which make them not simply productive as security products for home owners but in addition invaluable as monitoring units for events once the householder away for brief or extended intervals.
Even just the visible presence of an outdoor camera can act being a deterrent to prowlers and any would-be intruders. These units are effortlessly purchased and put in by property owners and also the criminal world is conscious the cameras may take substantial top quality photos and video even during the night. This type of evidence has assisted the law enforcement agencies recognize suspects and it's cause the conviction of criminals who'll no doubt assume twice about repeating their crimes the subsequent time they see this kind of a device set up outdoors a property.
Lots of people are place off the thought of making use of house surveillance techniques given that they think about it includes the expense and disruption attributable to installing huge amounts of new cabling as well as other tools. Possibly they cling to your misconception the only option is surely an pricey CCTV method which is more proper for massive industrial premises or the properties of your wealthiest people.
Nonetheless, household owners can demonstrate their dedication to property protection to their insurance coverage firms by installing only one or additional wireless IP . Through the use of either the wireless signal or, in the event the location on the camera signifies the signal is also weak to reach their home broadband router, using Power over Ethernet plugs they're able to connect the camera to their regional network as well as the world wide web with no any additional cabling. By so undertaking the camera becomes a real-time monitoring device in addition to a motion detector which could send the proprietor an email alert if any movement is detected inside of the camera's see.
For instance, the homeowner could set up just one camera overlooking the yard or possibly the driveway in the house. On this way the camera can maintain watch in excess of guests to the home or any one getting into the yard from your rear. If any visitor has mischief in thoughts then the camera will capture a clear image from the suspect.
Residence protection cameras may also fix disputes when there is an accident. If a automobile going to your home or just turning about within your driveway damages your home or your vehicles how will you understand who brought on the injury should you were not their to witness the occasion? You outdoor wireless IP camera will record the incident and send you an e-mail with all the evidence.
Review the protection of the home and see how it can be boost with these units. Install some outdoor and indoor and then store all around for your finest quote to your property insurance coverage. There may be a strong chance that the cameras will pay out for themselves by virtue in the special discounts acquired along with the peace of mind you receive.
It really is widely acknowledged that insurance coverage firms will give a discount on properties that have alarm methods set up and maybe you have currently had this kind of a technique fitted for your home, but there is certainly yet another way of securing a price reduction. This method can be utilized along with an intruder alarm program or alternatively of, dependent on your price range along with the practicality of an alarm procedure within your residence.
Household safety cameras have come an extended way since the first examples appeared numerous many years in the past. The contemporary wireless IP cameras offered today have a host of characteristics which make them not simply productive as security products for home owners but in addition invaluable as monitoring units for events once the householder away for brief or extended intervals.
Even just the visible presence of an outdoor camera can act being a deterrent to prowlers and any would-be intruders. These units are effortlessly purchased and put in by property owners and also the criminal world is conscious the cameras may take substantial top quality photos and video even during the night. This type of evidence has assisted the law enforcement agencies recognize suspects and it's cause the conviction of criminals who'll no doubt assume twice about repeating their crimes the subsequent time they see this kind of a device set up outdoors a property.
Lots of people are place off the thought of making use of house surveillance techniques given that they think about it includes the expense and disruption attributable to installing huge amounts of new cabling as well as other tools. Possibly they cling to your misconception the only option is surely an pricey CCTV method which is more proper for massive industrial premises or the properties of your wealthiest people.
Nonetheless, household owners can demonstrate their dedication to property protection to their insurance coverage firms by installing only one or additional wireless IP . Through the use of either the wireless signal or, in the event the location on the camera signifies the signal is also weak to reach their home broadband router, using Power over Ethernet plugs they're able to connect the camera to their regional network as well as the world wide web with no any additional cabling. By so undertaking the camera becomes a real-time monitoring device in addition to a motion detector which could send the proprietor an email alert if any movement is detected inside of the camera's see.
For instance, the homeowner could set up just one camera overlooking the yard or possibly the driveway in the house. On this way the camera can maintain watch in excess of guests to the home or any one getting into the yard from your rear. If any visitor has mischief in thoughts then the camera will capture a clear image from the suspect.
Residence protection cameras may also fix disputes when there is an accident. If a automobile going to your home or just turning about within your driveway damages your home or your vehicles how will you understand who brought on the injury should you were not their to witness the occasion? You outdoor wireless IP camera will record the incident and send you an e-mail with all the evidence.
Review the protection of the home and see how it can be boost with these units. Install some outdoor and indoor and then store all around for your finest quote to your property insurance coverage. There may be a strong chance that the cameras will pay out for themselves by virtue in the special discounts acquired along with the peace of mind you receive.
Monday, December 30, 2013
Guide To Buying Your Car Insurance
People can get overly excited about buying their own car. They are really happy because they have a new car that they could drive around. Sometimes, they forget that they also have to buy insurance. Some of them are afraid to get the insurance especially if it is their first time. Some of us are familiar with how to buy a car but a lot do not really know where to find car insurance. They just dont know where to find an insurance company for their cars. If you are one of those who are having a hard time in finding a car insurance company, here are a few tips that could help you find and by a car insurance.
One of the things that you need to learn is the different terminologies that they use. These terms might be very confusing to you, especially if you are just new to this. One of the things that you could do is to find help from your friends and relatives. They can assist you so that you could understand the different terminologies that they use. This will prevent you from being confused. You can also use the internet to research so that you will understand what they mean.
Different companies offer different types of car insurance. These companies, like the ones that auto insurance Columbus Ohio, offer different types of insurance that different car owner might need. You have to know what they offer and choose if it is applicable to you and your car. You can only do this if you talk to them and ask them about the different types of car insurance that they have. They would be able to explain to you the different ones that you might be interested in. The Columbus car insurance companies could also be able to suggest the car insurance that will best fit you. You can ask them for advice so that they could find the suitable insurance for your car. After they have made their suggestion, it does not mean that you should take it right away. You should think about it and decide later on.
One of the things that could affect the decision is the price. Some people cannot afford the insurance that the other insurance companies offer the car owners. When you are thinking about getting car insurance, you should compare the prices. Finding a cheap car insurance does not mean it is the best for you. You should also find out what they have to offer and compare it to the price that they are asking.
Once you have enough information about the different insurance companies and the type of car insurance that they have to offer, you can now choose which one you would like best. If you cannot make up your mind, you can ask the help of your friends and relatives. They might have some insights that you should also consider. They could also tell you which one would be best through their past experience. There are some insurance companies that have been reviewed by other people. You can find some of their reviews posted on the internet.
One of the things that you need to learn is the different terminologies that they use. These terms might be very confusing to you, especially if you are just new to this. One of the things that you could do is to find help from your friends and relatives. They can assist you so that you could understand the different terminologies that they use. This will prevent you from being confused. You can also use the internet to research so that you will understand what they mean.
Different companies offer different types of car insurance. These companies, like the ones that auto insurance Columbus Ohio, offer different types of insurance that different car owner might need. You have to know what they offer and choose if it is applicable to you and your car. You can only do this if you talk to them and ask them about the different types of car insurance that they have. They would be able to explain to you the different ones that you might be interested in. The Columbus car insurance companies could also be able to suggest the car insurance that will best fit you. You can ask them for advice so that they could find the suitable insurance for your car. After they have made their suggestion, it does not mean that you should take it right away. You should think about it and decide later on.
One of the things that could affect the decision is the price. Some people cannot afford the insurance that the other insurance companies offer the car owners. When you are thinking about getting car insurance, you should compare the prices. Finding a cheap car insurance does not mean it is the best for you. You should also find out what they have to offer and compare it to the price that they are asking.
Once you have enough information about the different insurance companies and the type of car insurance that they have to offer, you can now choose which one you would like best. If you cannot make up your mind, you can ask the help of your friends and relatives. They might have some insights that you should also consider. They could also tell you which one would be best through their past experience. There are some insurance companies that have been reviewed by other people. You can find some of their reviews posted on the internet.
Wisconsin auto insurance rates
The world is always a complicated place. What should be simple turns out to be hard. What should be obvious turns out to be obscure. Logic tells us that when the law says everyone should buy something, this should make for a bigger market. When the market is bigger, the prices should fall. In the case of insurance, this should be even more true. The whole point of insurance is that you gather a group of people together and share the cost of the risk between them. The more people in the group, the smaller the cost of each share. Except it never works out like you expect. When it comes to capitalism and the profit motive, logic loses out to corporations and their need to pay a dividend to their stockholders.
This is a story about Wisconsin today. Tomorrow, it could be about states across the US. The reason? The same problems that the state lawmakers were trying to solve in Wisconsin apply to every other state in the union. Let's start at the beginning. All but three states have laws requiring vehicle owners to carry liability insurance when they drive on a public road. They all set minimum levels of cover against personal injuries and property damage caused to third parties. The justification is all about responsibility. The general view is that if you injure someone else, you should compensate them. Unfortunately, not everyone has a pile of cash sitting in their bank account so insurance is the name of the game. This gives every innocent victim the chance to get some money to cover their medical bills and repair their property.
Unfortunately, states have never thought it a priority to keep these minimum figures under review. So as the value of the dollar has fallen through inflation, the value of the insurance pay-outs has also fallen. What were reasonably big sums of money thirty or forty years ago no longer pay for much. In Wisconsin, the last review was more than thirty years ago. But, in February 2009, the Legislature decided to catch up. The result has been a sometimes quite large increase in the premium rates.
There was a major publicity campaign back in February so everyone should have known this change was coming. It was all carefully explained. It would mean more money for people who were injured or the families of those killed. But now people face the reality of the increases, they are shocked and angry. When there is a recession, how can premiums go up so much? The answer varies depending on who you ask. The auto insurance industry says it's the fault of the state government. The politicians say it's profiteering by the insurers. In a sense, it no longer matter why. The premium increases are here and people have to cope. Two facts stand out. There has been a significant increase in the number of claims made, particularly for vehicle theft and personal injuries. Fraud has also increased. It's sometimes surprising how many people inflate or invent claims, particularly when their personal finances are under pressure. The result is that premiums go up and everyone suffers. But also remember that this question of the minimum liability requirements is not unique to Wisconsin. Sooner or later, every state is going to raise these numbers and the auto insurance industry is waiting to raise the premiums.
This is a story about Wisconsin today. Tomorrow, it could be about states across the US. The reason? The same problems that the state lawmakers were trying to solve in Wisconsin apply to every other state in the union. Let's start at the beginning. All but three states have laws requiring vehicle owners to carry liability insurance when they drive on a public road. They all set minimum levels of cover against personal injuries and property damage caused to third parties. The justification is all about responsibility. The general view is that if you injure someone else, you should compensate them. Unfortunately, not everyone has a pile of cash sitting in their bank account so insurance is the name of the game. This gives every innocent victim the chance to get some money to cover their medical bills and repair their property.
Unfortunately, states have never thought it a priority to keep these minimum figures under review. So as the value of the dollar has fallen through inflation, the value of the insurance pay-outs has also fallen. What were reasonably big sums of money thirty or forty years ago no longer pay for much. In Wisconsin, the last review was more than thirty years ago. But, in February 2009, the Legislature decided to catch up. The result has been a sometimes quite large increase in the premium rates.
There was a major publicity campaign back in February so everyone should have known this change was coming. It was all carefully explained. It would mean more money for people who were injured or the families of those killed. But now people face the reality of the increases, they are shocked and angry. When there is a recession, how can premiums go up so much? The answer varies depending on who you ask. The auto insurance industry says it's the fault of the state government. The politicians say it's profiteering by the insurers. In a sense, it no longer matter why. The premium increases are here and people have to cope. Two facts stand out. There has been a significant increase in the number of claims made, particularly for vehicle theft and personal injuries. Fraud has also increased. It's sometimes surprising how many people inflate or invent claims, particularly when their personal finances are under pressure. The result is that premiums go up and everyone suffers. But also remember that this question of the minimum liability requirements is not unique to Wisconsin. Sooner or later, every state is going to raise these numbers and the auto insurance industry is waiting to raise the premiums.
Final Expense Leads The Easy Way To Increase Insurance Agent Bonuses
Almost all jobs require a special set of skills associated with them. However, there are a few extremely demanding portfolios that require more than what an average person can achieve. Being an insurance agent is one such profession that requires you to be a great communicator, have amazing marketing skills, after all you are asking somebody to select you over a zillion others who are selling the same product, have the stamina to scout through scores of potential customers, have data mining knowledge so that you can arrive at the list of those scores of potential customers and a few more capabilities that I might have missed here. This can often be too much of an ask for and several insurance agents often end up leaving this field as they are just not able to meet their numbers and targets no matter how much of an effort they put.
While marketing and communicating skills are definitely needed for selling anything the rest can easily be outsourced to the experts so that you can focus on what is essential which is getting people to buy you policies. Final expense is a kind of insurance that is often tough to sell. While most of us plan for our old age and pensions there are very few of us who actually think of what would happen after we die. There are not many who understand that this insurance is not just a burial policy instead it also allows a person to make bequests after his death and also let his loved ones pay off his pending debts with ease. In order to make this understood you need to get a good database of people who might be your potential customers.
This database or final expense leads can easily be acquired by buying them from certain firms. These firms have an expertise in data mining and marketing and can get you really cast iron leads that can materialize given the proper persuasion from you. While there are several firms telemarketing firms available in the market who can sell final expense leads to you most of them generally sell the same ones to a number of other buyers as well. This would essentially entail that your so called prospective customers are the prospective clients for a number of other insurance companies as well. This is really not an ideal scenario as the competition again becomes very high. It is a better idea to buy your final expense leads from someone who sources them out only to you. This way only you get to approach via appointments or phone calls your set of people and finally converting these leads into real customers is your job.
Buying such final expense leads makes a lot of sense as it allows you to focus on the marketing to the people who really want your services rather than anybody who walks into your office. Such focused marketing can definitely better results and can help you reach an even exceed your targets.
While marketing and communicating skills are definitely needed for selling anything the rest can easily be outsourced to the experts so that you can focus on what is essential which is getting people to buy you policies. Final expense is a kind of insurance that is often tough to sell. While most of us plan for our old age and pensions there are very few of us who actually think of what would happen after we die. There are not many who understand that this insurance is not just a burial policy instead it also allows a person to make bequests after his death and also let his loved ones pay off his pending debts with ease. In order to make this understood you need to get a good database of people who might be your potential customers.
This database or final expense leads can easily be acquired by buying them from certain firms. These firms have an expertise in data mining and marketing and can get you really cast iron leads that can materialize given the proper persuasion from you. While there are several firms telemarketing firms available in the market who can sell final expense leads to you most of them generally sell the same ones to a number of other buyers as well. This would essentially entail that your so called prospective customers are the prospective clients for a number of other insurance companies as well. This is really not an ideal scenario as the competition again becomes very high. It is a better idea to buy your final expense leads from someone who sources them out only to you. This way only you get to approach via appointments or phone calls your set of people and finally converting these leads into real customers is your job.
Buying such final expense leads makes a lot of sense as it allows you to focus on the marketing to the people who really want your services rather than anybody who walks into your office. Such focused marketing can definitely better results and can help you reach an even exceed your targets.
Fundamental Principles Of Insurance
Insurance is a contract, a risk transfer mechanism whereby a company (Underwriter) promised to compensate or indemnify another party (Policyholder) upon the payment of reasonable premium to the insurance company to cover the subject-matter of insurance. If you are well conversant with these principles, you will be in a better position in negotiating you insurance needs.
1. Insurable interest. This is the financial or monetary interest that the owner or possessor of property has in the subject-matter of insurance. The mere fact that it might be detrimental to him should a loss occurred because of his financial stake in that assets gives him the ability to insure the property. Castellin Vs Preston 1886.
2. Umberima fadei. It means utmost good faith, this principle stated that the parties to insurance contract must disclose accurately and fully all the facts material to the risk being proposed. That is to say that the insured must make known to the insurer all facts regarding the risk to be insured (Looker Vs Law Union and Rock 1928). Likewise, the underwriter must highlight and explain the terms, conditions and exceptions of the insurance policy. And the policy must be void of small prints.
3. Indemnity. It stated that following a loss, the insurer should ensure that they placed the insured in the exact financial position he enjoyed prior to the loss (Leppard Vs Excess).
4. Contribution. In a situation where two or more insurers is covering a particular risk, if a loss occurred, the insurers must contribute towards the settlement of the claim in accordance with their rateable proportion.
5. Subrogation. It has often been said that contribution and subrogation are corollary of indemnity, which means the afore-mentioned two principles operates so that indemnity does not fail.
Subrogation operates mainly on motor insurance. When an accident occurred involving two or more vehicles, there must be tortfeasor(s) who is responsible for accident. On this basis, the insurer covering the policyholder who was not at fault can recover their outlay from the underwriter of the policyholder who is responsible for the incidence.
1. Insurable interest. This is the financial or monetary interest that the owner or possessor of property has in the subject-matter of insurance. The mere fact that it might be detrimental to him should a loss occurred because of his financial stake in that assets gives him the ability to insure the property. Castellin Vs Preston 1886.
2. Umberima fadei. It means utmost good faith, this principle stated that the parties to insurance contract must disclose accurately and fully all the facts material to the risk being proposed. That is to say that the insured must make known to the insurer all facts regarding the risk to be insured (Looker Vs Law Union and Rock 1928). Likewise, the underwriter must highlight and explain the terms, conditions and exceptions of the insurance policy. And the policy must be void of small prints.
3. Indemnity. It stated that following a loss, the insurer should ensure that they placed the insured in the exact financial position he enjoyed prior to the loss (Leppard Vs Excess).
4. Contribution. In a situation where two or more insurers is covering a particular risk, if a loss occurred, the insurers must contribute towards the settlement of the claim in accordance with their rateable proportion.
5. Subrogation. It has often been said that contribution and subrogation are corollary of indemnity, which means the afore-mentioned two principles operates so that indemnity does not fail.
Subrogation operates mainly on motor insurance. When an accident occurred involving two or more vehicles, there must be tortfeasor(s) who is responsible for accident. On this basis, the insurer covering the policyholder who was not at fault can recover their outlay from the underwriter of the policyholder who is responsible for the incidence.
Comparison of Health Insurance Schemes for Senior Citizens
It is absolutely vital that as one approaches old age, one has a substantial health insurance cover. The probability that one's health care expenses would increase substantially is almost a given. In this piece we look and compare the different health insurance plans that are available in the market for senior citizens. While every health insurance company wants to insure the young (and almost by definition, more healthy), there are very few plans which provide health insurance to people beyond 60. Another interesting thing to note here is that most of the health insurance plans for senior citizens is offered by the public sector general insurance companies.
The health insurance plans available for senior citizens are:
Varistha Mediclaim by National Insurance
Senior Citizen plan by Oriental Insurance
Mediclaim for Senior Citizens by New India Assurance
Senior Citizen Plan by United India Insurance
Red Carpet Plan by Star Health Insurance
Varistha Mediclaim by National Insurance: This policy can be bought by anyone between 60 and 80 years of age. Renewals can be done upto the age of 90. Between the age bands of 76-80, premiums have an added factor of 10% and between 80 to 90 years of age, premiums are grossed up by 20%. The sum insured under this policy for hospitalization is Rs 1 lakh. For critical illness, the sum insured is Rs 2 lakhs. Under the critical illness cover, diseases such as cancer, renal failure, stroke, organ transplants etc are covered. If the person has already been insured for 3 years through a health insurance policy, then he or she does not have to undergo a medical test, else there has to be a medical test under the prospective customer's costs. For domiciliary treatment, the maximum claim is fixed at 20% of the sum insured. Ambulance charges upto Rs 1000 are covered under this policy. For a mediclaim cover of Rs 1 lakh and a critical illness cover of Rs 2 lakhs, the premium varies between Rs 6200 (for a 60-65 year old) to Rs 9200 (for a 75-80 year old). One interesting feature of this policy is that pre existing hypertension and diabetes are covered from the 1st year itself of the policy by paying 10% additional premium for each of the two diseases. Pre existing is of course not available for the critical illness policy. Other pre existing diseases are covered after 1 policy year. Dialysis, chemotherapy and radiotherapy for preexisting ailment is never covered. Claims are paid only for events that occur within India. Claims which occur within the first 30 days of the commencement of the policy will not be covered, unless in the case of the person being insured with an Insurance Company without break for the past 12 months. For the purpose of this policy, pre existing diseases such as cataract, piles, fistula, hernia, benign lumps, joint replacement etc will not be covered in the first 12 months. War related medical claims, vaccination, spectacles cost, plastic surgery, corrective dental surgery, venereal disease, vitamins and tonics which are not part of the treatment, nuclear disaster related health claims, alternative treatment like homeopathy etc are excluded.
Opinion: We think it is one of the best policies for senior citizens, except that the sum insured is low. They are quite generous as far as the norms for entry age and pre existing diseases are concerned.
2. Senior Citizen Specified Disease Plan by Oriental Insurance: In this plan, the policyholder has the option to choose sum insured of Rs 1 lakh, 2 lakhs, 3 lakhs, 4 lakhs or 5 lakhs. One restrictive feature of this policy is that 20% of any claim amount has to be co-paid by the insured. Cashless payment through TPA is restricted to Rs 1 lakh. This plan covers 10 specified diseases: cancer, renal failure, heart diseases, liver related diseases, COPD (lung ailment), stroke, prostrate, orthopaedic disease, ophthalmic disease, accidental injury and knee replacement. The amount that one can claim for a particular disease is restricted as a percentage of the sum insured (for e.g., 50% of the sum insured can be claimed for cancer, while 20% of the sum insured can be claimed for stroke). A sum insured of Rs 1 lakh will cost Rs 4500 for a 65 year old, while it will cost Rs 6400 if one is eighty years old or beyond. While this may seem cheaper than National Insurance's Varistha medical scheme, it is less wide in scope. This policy has an interesting refund of premium clause if one withdraws from the policy: if the policyholder gets out of the policy within the first month, 75% of the premium is returned and if he opts out between 3 to 6 months of the policy, 25% of the premium is returned. In this policy, pre-existing diseases are not covered for a period of 2 policy years. Other exclusions are very similar to those of National's Varistha medical scheme.
Opinion: a good scheme in terms of the level of sum insured and price, but the scope of diseases covered is restrictive. Another issue is that pre-existing is covered only after 2 policy years.
Mediclaim for Senior Citizens by New India Assurance: This policy is available for senior citizens between 60 and 80 years, and the sum insured can be Rs 1 lakh or Rs 1.5 lakhs. Pre existing diseases are covered after 18 continuous months of coverage, while for diabetes and hypertension to be covered, additional premium needs to be paid. Pre hospitalization is covered for 30 days, while post hospitalization is covered for 60 days. An insurance of Rs 1 lakh for a 65 year old will cost Rs 3850 while it will cost Rs 5150 for an 80 year old. Thus, premiums are very competitively priced. If one wants to extend beyond 80 years, then loading of 10% or 20% has to be paid. For pre existing diabetes or hypertension, an additional premium of 10% each has to be paid. One interesting feature is that there is a 10% discount if one's spouse is also covered under this policy. This policy also has the same partial refund norms on cancellation as Oriental's Specified Disease Plan. Claims would be paid only for medical treatment in India. The exclusion conditions are standard, and are very similar to National's Varistha Mediclaim.
Opinion: Attractively priced. Sum insured ceilings are low. The product brochure is silent on co-pay, and thus there is no co-pay requirement in all probability.
United India Insurance's Specified Disease Plan: In this policy, sum insured of Rs 50,000 to Rs 300,000 is available to people between 60 to 80 years of age. Sum insured of Rs 1 lakh will cost Rs 3715 for a 65 year old, and Rs 8613 for an 80 year old. So while it is cheaper for the younger age bands, it is a bit expensive for the older age groups. An interesting feature of this policy is that there is a hospitalization cash payment from the 3rd day of hospitalization on payment of a particular additional premium. While other exclusion features of this policy are comparable to that of the previous 3 policies that we have discussed, the biggest problem of this policy is that this has a pre-existing waiting period of 4 years.
Opinion: Pre -existing waiting period of 4 years is restrictive
Star Health's Red Carpet Plan: This plan has been a good marketing success. While one barely gets to hear about the reasonably broad, well priced schemes of the 4 nationalised companies, the market is quite excited about Star Health's Red Carpet scheme. The sum insured under this policy can be for Rs 1 lakh, Rs 2 lakhs, Rs 3 lakhs, Rs 4 lakhs or Rs 5 lakhs. Age of entry is restricted between 60 and 69 years. Pre existing diseases are covered from the 1st year itself, except for those preexisting diseases for which the insured received payment in the preceding 12 months. Subsequently, these pre-existing diseases are covered. There are sub limits under this policy wherein different diseases have different limits as a percentage of the sum insured. Sum insured of Rs 1 lakh will cost Rs 4900 at entry, while a sum insured of Rs 5 lakhs will cost Rs 20000.. The biggest catch in this policy is that there is a 50% co-payment for pre existing diseases and 30% co-payment for other diseases!! Other exclusions are very similar to what is there for the nationalized companies.
Opinion: Simple, well marketed claim. But the co-payment terms are a huge negative! The ceiling for maximum age at entry is quite low (69 years), though the guaranteed renewal feature is a big positive. Also, the sum insured levels of Rs 5 lakh is quite high and attractive in these days of escalated medical costs.
In summary, we feel that National's Varistha Plan is the widest in scope. The only issue with the plans of the Nationalised Insurance companies is that the sum insured levels offered might not be adequate for today's high healthcare costs. On the other hand, they are at least offering senior citizen health plans. It is very difficult to locate any meaningful health insurance scheme for senior citizens offered by any private health insurance company, except Star Health. The only problem that we see with Star Health's Red Carpet plan is that of the Co-pay restriction.
The health insurance plans available for senior citizens are:
Varistha Mediclaim by National Insurance
Senior Citizen plan by Oriental Insurance
Mediclaim for Senior Citizens by New India Assurance
Senior Citizen Plan by United India Insurance
Red Carpet Plan by Star Health Insurance
Varistha Mediclaim by National Insurance: This policy can be bought by anyone between 60 and 80 years of age. Renewals can be done upto the age of 90. Between the age bands of 76-80, premiums have an added factor of 10% and between 80 to 90 years of age, premiums are grossed up by 20%. The sum insured under this policy for hospitalization is Rs 1 lakh. For critical illness, the sum insured is Rs 2 lakhs. Under the critical illness cover, diseases such as cancer, renal failure, stroke, organ transplants etc are covered. If the person has already been insured for 3 years through a health insurance policy, then he or she does not have to undergo a medical test, else there has to be a medical test under the prospective customer's costs. For domiciliary treatment, the maximum claim is fixed at 20% of the sum insured. Ambulance charges upto Rs 1000 are covered under this policy. For a mediclaim cover of Rs 1 lakh and a critical illness cover of Rs 2 lakhs, the premium varies between Rs 6200 (for a 60-65 year old) to Rs 9200 (for a 75-80 year old). One interesting feature of this policy is that pre existing hypertension and diabetes are covered from the 1st year itself of the policy by paying 10% additional premium for each of the two diseases. Pre existing is of course not available for the critical illness policy. Other pre existing diseases are covered after 1 policy year. Dialysis, chemotherapy and radiotherapy for preexisting ailment is never covered. Claims are paid only for events that occur within India. Claims which occur within the first 30 days of the commencement of the policy will not be covered, unless in the case of the person being insured with an Insurance Company without break for the past 12 months. For the purpose of this policy, pre existing diseases such as cataract, piles, fistula, hernia, benign lumps, joint replacement etc will not be covered in the first 12 months. War related medical claims, vaccination, spectacles cost, plastic surgery, corrective dental surgery, venereal disease, vitamins and tonics which are not part of the treatment, nuclear disaster related health claims, alternative treatment like homeopathy etc are excluded.
Opinion: We think it is one of the best policies for senior citizens, except that the sum insured is low. They are quite generous as far as the norms for entry age and pre existing diseases are concerned.
2. Senior Citizen Specified Disease Plan by Oriental Insurance: In this plan, the policyholder has the option to choose sum insured of Rs 1 lakh, 2 lakhs, 3 lakhs, 4 lakhs or 5 lakhs. One restrictive feature of this policy is that 20% of any claim amount has to be co-paid by the insured. Cashless payment through TPA is restricted to Rs 1 lakh. This plan covers 10 specified diseases: cancer, renal failure, heart diseases, liver related diseases, COPD (lung ailment), stroke, prostrate, orthopaedic disease, ophthalmic disease, accidental injury and knee replacement. The amount that one can claim for a particular disease is restricted as a percentage of the sum insured (for e.g., 50% of the sum insured can be claimed for cancer, while 20% of the sum insured can be claimed for stroke). A sum insured of Rs 1 lakh will cost Rs 4500 for a 65 year old, while it will cost Rs 6400 if one is eighty years old or beyond. While this may seem cheaper than National Insurance's Varistha medical scheme, it is less wide in scope. This policy has an interesting refund of premium clause if one withdraws from the policy: if the policyholder gets out of the policy within the first month, 75% of the premium is returned and if he opts out between 3 to 6 months of the policy, 25% of the premium is returned. In this policy, pre-existing diseases are not covered for a period of 2 policy years. Other exclusions are very similar to those of National's Varistha medical scheme.
Opinion: a good scheme in terms of the level of sum insured and price, but the scope of diseases covered is restrictive. Another issue is that pre-existing is covered only after 2 policy years.
Mediclaim for Senior Citizens by New India Assurance: This policy is available for senior citizens between 60 and 80 years, and the sum insured can be Rs 1 lakh or Rs 1.5 lakhs. Pre existing diseases are covered after 18 continuous months of coverage, while for diabetes and hypertension to be covered, additional premium needs to be paid. Pre hospitalization is covered for 30 days, while post hospitalization is covered for 60 days. An insurance of Rs 1 lakh for a 65 year old will cost Rs 3850 while it will cost Rs 5150 for an 80 year old. Thus, premiums are very competitively priced. If one wants to extend beyond 80 years, then loading of 10% or 20% has to be paid. For pre existing diabetes or hypertension, an additional premium of 10% each has to be paid. One interesting feature is that there is a 10% discount if one's spouse is also covered under this policy. This policy also has the same partial refund norms on cancellation as Oriental's Specified Disease Plan. Claims would be paid only for medical treatment in India. The exclusion conditions are standard, and are very similar to National's Varistha Mediclaim.
Opinion: Attractively priced. Sum insured ceilings are low. The product brochure is silent on co-pay, and thus there is no co-pay requirement in all probability.
United India Insurance's Specified Disease Plan: In this policy, sum insured of Rs 50,000 to Rs 300,000 is available to people between 60 to 80 years of age. Sum insured of Rs 1 lakh will cost Rs 3715 for a 65 year old, and Rs 8613 for an 80 year old. So while it is cheaper for the younger age bands, it is a bit expensive for the older age groups. An interesting feature of this policy is that there is a hospitalization cash payment from the 3rd day of hospitalization on payment of a particular additional premium. While other exclusion features of this policy are comparable to that of the previous 3 policies that we have discussed, the biggest problem of this policy is that this has a pre-existing waiting period of 4 years.
Opinion: Pre -existing waiting period of 4 years is restrictive
Star Health's Red Carpet Plan: This plan has been a good marketing success. While one barely gets to hear about the reasonably broad, well priced schemes of the 4 nationalised companies, the market is quite excited about Star Health's Red Carpet scheme. The sum insured under this policy can be for Rs 1 lakh, Rs 2 lakhs, Rs 3 lakhs, Rs 4 lakhs or Rs 5 lakhs. Age of entry is restricted between 60 and 69 years. Pre existing diseases are covered from the 1st year itself, except for those preexisting diseases for which the insured received payment in the preceding 12 months. Subsequently, these pre-existing diseases are covered. There are sub limits under this policy wherein different diseases have different limits as a percentage of the sum insured. Sum insured of Rs 1 lakh will cost Rs 4900 at entry, while a sum insured of Rs 5 lakhs will cost Rs 20000.. The biggest catch in this policy is that there is a 50% co-payment for pre existing diseases and 30% co-payment for other diseases!! Other exclusions are very similar to what is there for the nationalized companies.
Opinion: Simple, well marketed claim. But the co-payment terms are a huge negative! The ceiling for maximum age at entry is quite low (69 years), though the guaranteed renewal feature is a big positive. Also, the sum insured levels of Rs 5 lakh is quite high and attractive in these days of escalated medical costs.
In summary, we feel that National's Varistha Plan is the widest in scope. The only issue with the plans of the Nationalised Insurance companies is that the sum insured levels offered might not be adequate for today's high healthcare costs. On the other hand, they are at least offering senior citizen health plans. It is very difficult to locate any meaningful health insurance scheme for senior citizens offered by any private health insurance company, except Star Health. The only problem that we see with Star Health's Red Carpet plan is that of the Co-pay restriction.
Defining Risk Behavior And How It Affects Life Insurance Rates
Whether you engage in dangerous activities for business or pleasure, you risk your life. You are also affected financially since you pay higher premiums for your life insurance or even for your medical cover. In some rare cases, insurance companies might even deny you coverage, leaving you unprotected and exposed. To understand your term life insurance rates better, it is vital to know how insurance defines risk behavior or factors and how they affect your rates.
Defining behavior
Definition of risk behavior varies from one insurance company to another. In general, high-risk activities that most insurance carriers consider are motor racing sports, contact sports, wind surfing, water skiing, deep-sea diving, sky diving, triathlons, hang gliding and rollerblading. High-risk professions include law enforcement, roofing, construction, electrical installation and industrial machinery installation. If you engage in one or more of these activities and professions, it may be wise to shop around for an insurance company that offers the cheapest premium rates for life insurance.
Full disclosure
If you have any risk behavior in your life, you might be tempted to hide it from an insurance company when applying for a life policy. It is certainly not a good idea to try to hide such facts from your potential insurance carrier. First, it is illegal to do so and this could bring upon you plenty of legal problems when the insurance company discovers the truth. Secondly, your family may be denied needed insurance claim when you pass away even if the cause of death is not related to what you were hiding. In case of a medical cover, you can be denied of necessary aid for treatment if you lied about the facts. Full disclosure not only protects insurance carriers but also the policyholders.
Factor in new interests
As the years progress, times change and you find yourself accepting a new high-risk job or developing a new hobby that involves considerable life risk. When this happens, you will benefit if you contact your insurance carrier as soon as possible to ensure there is no lost claim later. If you think you will still be covered when you engage in a new high-risk activity, simply because you gave full disclosure back when you were buying your life policy, then you are terribly wrong. If you are going to engage in high-risk behavior only for a short time, you can take a short-term policy to protect yourself.
Defining behavior
Definition of risk behavior varies from one insurance company to another. In general, high-risk activities that most insurance carriers consider are motor racing sports, contact sports, wind surfing, water skiing, deep-sea diving, sky diving, triathlons, hang gliding and rollerblading. High-risk professions include law enforcement, roofing, construction, electrical installation and industrial machinery installation. If you engage in one or more of these activities and professions, it may be wise to shop around for an insurance company that offers the cheapest premium rates for life insurance.
Full disclosure
If you have any risk behavior in your life, you might be tempted to hide it from an insurance company when applying for a life policy. It is certainly not a good idea to try to hide such facts from your potential insurance carrier. First, it is illegal to do so and this could bring upon you plenty of legal problems when the insurance company discovers the truth. Secondly, your family may be denied needed insurance claim when you pass away even if the cause of death is not related to what you were hiding. In case of a medical cover, you can be denied of necessary aid for treatment if you lied about the facts. Full disclosure not only protects insurance carriers but also the policyholders.
Factor in new interests
As the years progress, times change and you find yourself accepting a new high-risk job or developing a new hobby that involves considerable life risk. When this happens, you will benefit if you contact your insurance carrier as soon as possible to ensure there is no lost claim later. If you think you will still be covered when you engage in a new high-risk activity, simply because you gave full disclosure back when you were buying your life policy, then you are terribly wrong. If you are going to engage in high-risk behavior only for a short time, you can take a short-term policy to protect yourself.
The Factors to Consider When Choosing Life Insurance for the Elderly People
Whether renewing their policy or buying insurance for the first time, senior citizens often experience some difficulty finding the right policy. In the past, finding an affordable policy was an impossible task. However today, the marketplace has become friendly to the elderly customers. There are many available options for senior citizens now more than before. The internet makes the process of shopping and comparing policies easy. Therefore, if you are looking for life insurance for seniors over 65, you will not be disappointed. The factors to consider when choosing seniors' insurance includes:
The purpose of the policy
Seniors need insurance now more than ever. The benefits derived from the policy can be used to cater for final expenses including outstanding debts and funeral expenses. Furthermore, the insurance can be used to cover living expenses of dependents such as a disabled child, dependent grandchildren or a spouse. The insurance is also used to offer financial security for the loved ones. Although many of the people purchase insurance coverage when young to protect against untimely death, the elderly too can benefit a great deal from the right policy. As the elderly person contemplates their golden years, they can have tremendous peace of mind knowing the family is financially taken care of. They can purchase insurance to cover debts or the college education of their grandchildren. Therefore, insurance is an important financial decision.
The right company
Finding an affordable policy can prove challenging, but it is not impossible. The perceived risk of the insurance applicant is often responsible for determining the cost of the policy. Therefore, companies will often charge higher rates for people who stand a high chance of dying during the term of the policy. Those who have been diagnosed with chronic health conditions often pay more. However, as a result of the high demand for insurance, companies have sought to stay competitive by reducing their rates. As more senior citizens demand insurance, the overall cost of insurance is reducing. Furthermore, medical advancement has played an important role in keeping the premiums low. People are living longer, which makes insuring people over 65 less risky.
The cost of the policy
The premiums paid by a senior citizen are not the same as those paid by people in their 20s. However, the value of insurance for senior citizens is higher when compared with other age groups. Therefore, an elderly policy is a smart investment because they are likely to pass away during the term, leaving the beneficiaries to access the policy. To get competitive rates, it is advisable to apply for insurance when you are healthy. It is equally important to stop smoking at least one year before applying for insurance. In addition, work to lose your weight and reduce your blood pressure. This will help a great deal in getting you lower premiums.
The purpose of the policy
Seniors need insurance now more than ever. The benefits derived from the policy can be used to cater for final expenses including outstanding debts and funeral expenses. Furthermore, the insurance can be used to cover living expenses of dependents such as a disabled child, dependent grandchildren or a spouse. The insurance is also used to offer financial security for the loved ones. Although many of the people purchase insurance coverage when young to protect against untimely death, the elderly too can benefit a great deal from the right policy. As the elderly person contemplates their golden years, they can have tremendous peace of mind knowing the family is financially taken care of. They can purchase insurance to cover debts or the college education of their grandchildren. Therefore, insurance is an important financial decision.
The right company
Finding an affordable policy can prove challenging, but it is not impossible. The perceived risk of the insurance applicant is often responsible for determining the cost of the policy. Therefore, companies will often charge higher rates for people who stand a high chance of dying during the term of the policy. Those who have been diagnosed with chronic health conditions often pay more. However, as a result of the high demand for insurance, companies have sought to stay competitive by reducing their rates. As more senior citizens demand insurance, the overall cost of insurance is reducing. Furthermore, medical advancement has played an important role in keeping the premiums low. People are living longer, which makes insuring people over 65 less risky.
The cost of the policy
The premiums paid by a senior citizen are not the same as those paid by people in their 20s. However, the value of insurance for senior citizens is higher when compared with other age groups. Therefore, an elderly policy is a smart investment because they are likely to pass away during the term, leaving the beneficiaries to access the policy. To get competitive rates, it is advisable to apply for insurance when you are healthy. It is equally important to stop smoking at least one year before applying for insurance. In addition, work to lose your weight and reduce your blood pressure. This will help a great deal in getting you lower premiums.
Free Vin Check From The National Insurance Crime Bureau
The National Insurance Crime Bureau Announces Free VINCheck for Unrecovered Stolen Vehicles
For the second time in as many years, the National Insurance Crime Bureau (NICB) is launching another free service to help protect the nations consumers.
Over one million vehicles have been stolen annually in the United States since 1986. With an annual average recovery rate of just 63 percent, several million vehicles remain unaccounted for and could possibly end up being purchased by unsuspecting consumers.
To help prevent innocent people from buying a stolen vehicle and to help recover stolen vehicles that may enter the commerce stream in the future, NICB today is activating the nations first Unrecovered Stolen Vehicle Database as a free service to the public.
Anyone anywhere can now run a Vehicle Identification Number (VIN) through this database and determine if it has been reported stolen by one of NICBs over 1000 member insurance companies.
To check a vehicle simply visit the NICB web site, and follow the on-screen directions for the VINCheck search feature which is located on the home page.
In recent months, NICB Special Agents have identified numerous stolen vehicles that were in the process of being sold by auto dealers or restored by collectors. These examples demonstrate how even car-savvy people can be duped into unknowingly buying a stolen vehicle. If it happens to experts then the risks are even greater for ordinary consumers.
Seeing a way to help mitigate that risk and to provide another free service to help protect the nations drivers, NICB sought and received the cooperation of its member companies to make this feature possible.
It was in this same spirit of cooperation and assistance that NICBs member companies provided their Hurricane Katrina-related auto claims information to create the flood vehicle database. This unprecedented effort was launched on October 17, 2005, and amassed over 300,000 vehicle and boat records which gave prospective buyers critical information to prevent the fraudulent sale of potentially flood-damaged vehicles.
The National Insurance Crime Bureau is the nations leading non-profit organization exclusively dedicated to preventing, detecting and defeating insurance fraud and vehicle theft through information analysis, investigations, training and public awareness.
Anyone with information concerning auto theft and insurance fraud can report it anonymously by calling toll-free 1-800-TEL-NICB (1-800-835-6422).
For the second time in as many years, the National Insurance Crime Bureau (NICB) is launching another free service to help protect the nations consumers.
Over one million vehicles have been stolen annually in the United States since 1986. With an annual average recovery rate of just 63 percent, several million vehicles remain unaccounted for and could possibly end up being purchased by unsuspecting consumers.
To help prevent innocent people from buying a stolen vehicle and to help recover stolen vehicles that may enter the commerce stream in the future, NICB today is activating the nations first Unrecovered Stolen Vehicle Database as a free service to the public.
Anyone anywhere can now run a Vehicle Identification Number (VIN) through this database and determine if it has been reported stolen by one of NICBs over 1000 member insurance companies.
To check a vehicle simply visit the NICB web site, and follow the on-screen directions for the VINCheck search feature which is located on the home page.
In recent months, NICB Special Agents have identified numerous stolen vehicles that were in the process of being sold by auto dealers or restored by collectors. These examples demonstrate how even car-savvy people can be duped into unknowingly buying a stolen vehicle. If it happens to experts then the risks are even greater for ordinary consumers.
Seeing a way to help mitigate that risk and to provide another free service to help protect the nations drivers, NICB sought and received the cooperation of its member companies to make this feature possible.
It was in this same spirit of cooperation and assistance that NICBs member companies provided their Hurricane Katrina-related auto claims information to create the flood vehicle database. This unprecedented effort was launched on October 17, 2005, and amassed over 300,000 vehicle and boat records which gave prospective buyers critical information to prevent the fraudulent sale of potentially flood-damaged vehicles.
The National Insurance Crime Bureau is the nations leading non-profit organization exclusively dedicated to preventing, detecting and defeating insurance fraud and vehicle theft through information analysis, investigations, training and public awareness.
Anyone with information concerning auto theft and insurance fraud can report it anonymously by calling toll-free 1-800-TEL-NICB (1-800-835-6422).
Damage Control Mitigating the Effects of Rising Product Liability Insurance Rates.
It had to happen.
Product liability insurance rates for the dietary supplement business, which have been in a steep decline for about seven years, have bottomed out in the previous ninety days, and are probably headed upwards in the coming term.
Why? Rates have declined by 80% according to some estimates. They couldn't go down without end. Insurers have been struck by shattering losses and an progressively litigious social environment. Interest rates are at monumental lows with no end in sight. The ebb and flow, roller coaster course of premiums for commercial insurance has historical precedence and is destined once again to rise.
Nevertheless there are several practical steps you can put into practice that improve the odds that you will endure the seller's market for insurance and be around to capitalize on the next buyers market when it comes.
Now, some tips.
Don't Delay Until the Last Minute
Start talking to your broker about your renewal at least 90 days before the renewal date. Underwriters will be asking more questions about your business, questions they weren't bothering to ask last year. Since the process is going to be more difficult, it will take more time.
Focus on Coverage- With Price
Take some time in understanding your coverage. And not simply for product liability insurance rates (although for most supplement companies this is far and away the most pricey policy they purchase). Are the risks you're most worried about insured in your current coverage? Are you aware of areas wherein you have exposure but no coverage? Read your policies, or better yet meet with your insurance professional and carry a comprehensive review of coverage. Be prepared, as one more characteristic of a "hard" or sellers market is that insurance companies invariably attempt to reduce coverage by adding up exclusions and endorsements that conflict with what you thought you were buying.
Inform Management for Higher Premiums
Nobody likes surprises. Mid-level managers at larger companies need to prepare the bosses for higher premium rates. Insurance buyers should communicate with internal senior management regarding the company's tolerances for uninsured risk, as deductibles may rise and high limits of liability insurance may perhaps no longer be an affordable luxury.
Step in to your Underwriters Shoes
Attempt to imagine yourself as the product liability underwriter for your business. What questions would you ask and how can your company respond to them? You accepted a 483 warning letter this year (it's on the internet and your underwriter will find it)-do you have a ready and logical explanation? Can you give copies of the certificate of insurance program you mange for your suppliers or-do you even have one? Are there any elements of your website that would frighten away an otherwise interested underwriter (sports nutrition companies should take special note of this suggestion). Have you jumped from carrier to carrier each year (red flag for an underwriter) or does your record show that you have demonstrated some level of loyalty to one or two carriers?
If you've had insured claims in the last five years, are you prepared to tell your side of the story as to what happened, and present supporting records if asked?
Select a Broker Who Specializes In Your Industry and Team Up
Have you ever said to yourself, "my broker clearly does not understand what we do"? Make it a top priority to find a broker who understands the supplement industry and will be an effective advocate for your insurance interests. Whether you supply raw material, finished product, or both, in a hard market the underwriter will still place you in the dietary supplement arena, where some unscrupulous characters still thrive. The reality is you are going to pay for that association, and a competent broker will have the skills to distinguish you from the rest of the pack.
In addition, most insurance buyers are not aware that all insurers offering product liability to the dietary supplement business require the use of a wholesale insurance broker to retrieve them. So the broker you select (hereafter called the "retail broker") must submit your account to a wholesale broker, who in turn will yield it to viable insurance companies. Most people are under the impression that their retail broker is talking directly with the insurance underwriters. This is not the case. As a result, the introduction of even another party to the buying chain makes the insurance procurement process more vulnerable to something "falling between the cracks." With two brokers (wholesale and retail) now in the picture, it is even more critical that a company select a competent and knowledgeable retail broker to coordinate the marketing of its insurance
So select your broker carefully-- and don't wait until the last minute!
Product liability insurance rates for the dietary supplement business, which have been in a steep decline for about seven years, have bottomed out in the previous ninety days, and are probably headed upwards in the coming term.
Why? Rates have declined by 80% according to some estimates. They couldn't go down without end. Insurers have been struck by shattering losses and an progressively litigious social environment. Interest rates are at monumental lows with no end in sight. The ebb and flow, roller coaster course of premiums for commercial insurance has historical precedence and is destined once again to rise.
Nevertheless there are several practical steps you can put into practice that improve the odds that you will endure the seller's market for insurance and be around to capitalize on the next buyers market when it comes.
Now, some tips.
Don't Delay Until the Last Minute
Start talking to your broker about your renewal at least 90 days before the renewal date. Underwriters will be asking more questions about your business, questions they weren't bothering to ask last year. Since the process is going to be more difficult, it will take more time.
Focus on Coverage- With Price
Take some time in understanding your coverage. And not simply for product liability insurance rates (although for most supplement companies this is far and away the most pricey policy they purchase). Are the risks you're most worried about insured in your current coverage? Are you aware of areas wherein you have exposure but no coverage? Read your policies, or better yet meet with your insurance professional and carry a comprehensive review of coverage. Be prepared, as one more characteristic of a "hard" or sellers market is that insurance companies invariably attempt to reduce coverage by adding up exclusions and endorsements that conflict with what you thought you were buying.
Inform Management for Higher Premiums
Nobody likes surprises. Mid-level managers at larger companies need to prepare the bosses for higher premium rates. Insurance buyers should communicate with internal senior management regarding the company's tolerances for uninsured risk, as deductibles may rise and high limits of liability insurance may perhaps no longer be an affordable luxury.
Step in to your Underwriters Shoes
Attempt to imagine yourself as the product liability underwriter for your business. What questions would you ask and how can your company respond to them? You accepted a 483 warning letter this year (it's on the internet and your underwriter will find it)-do you have a ready and logical explanation? Can you give copies of the certificate of insurance program you mange for your suppliers or-do you even have one? Are there any elements of your website that would frighten away an otherwise interested underwriter (sports nutrition companies should take special note of this suggestion). Have you jumped from carrier to carrier each year (red flag for an underwriter) or does your record show that you have demonstrated some level of loyalty to one or two carriers?
If you've had insured claims in the last five years, are you prepared to tell your side of the story as to what happened, and present supporting records if asked?
Select a Broker Who Specializes In Your Industry and Team Up
Have you ever said to yourself, "my broker clearly does not understand what we do"? Make it a top priority to find a broker who understands the supplement industry and will be an effective advocate for your insurance interests. Whether you supply raw material, finished product, or both, in a hard market the underwriter will still place you in the dietary supplement arena, where some unscrupulous characters still thrive. The reality is you are going to pay for that association, and a competent broker will have the skills to distinguish you from the rest of the pack.
In addition, most insurance buyers are not aware that all insurers offering product liability to the dietary supplement business require the use of a wholesale insurance broker to retrieve them. So the broker you select (hereafter called the "retail broker") must submit your account to a wholesale broker, who in turn will yield it to viable insurance companies. Most people are under the impression that their retail broker is talking directly with the insurance underwriters. This is not the case. As a result, the introduction of even another party to the buying chain makes the insurance procurement process more vulnerable to something "falling between the cracks." With two brokers (wholesale and retail) now in the picture, it is even more critical that a company select a competent and knowledgeable retail broker to coordinate the marketing of its insurance
So select your broker carefully-- and don't wait until the last minute!
Getting Affordable Term Life Insurance
Life insurance is indeed worth getting, due to the amazing benefits it offers to its clients. It is an important component of basic financial planning. However, it is very important to get the right policy that suits you. This is because getting the wrong kind of life insurance policy can do more damage to your financial plans like just about any other financial product out there today. There are various types of insurance policies including whole, term, universal and variable policies.
Term life insurance is suitable for short-term needs. It is known to be the most straightforward policy available, where you pay premiums after an agreed duration either monthly or yearly for the specific term. Once the policy expires, it is up to the policy owner to decide whether to renew that policy or not. However unlike whole insurance policy, it does not provide any returns beyond the stated benefit. With the right term life insurance quotes, it is quite easy to get the best and most affordable term insurance policy for you. Here are some key ideas that will help you get the most affordable term insurance policy.
Healthy lifestyle
Most of the time, people with health problems end up paying higher premiums than those who are healthy. This can get quite expensive, creating more financial problems for you instead of lessening the burden as it was intended. Those with chronic health conditions should get an insurance policy that does not require any physical or medical exams. The rest should strive to get healthier. They should have a healthy diet by getting healthy food and drinking plenty of water. They should exercise and get medical checkups regularly.
Being safe
Most Insurance companies avoid giving out insurance coverage to people who have high risk professions or engage in very risky outdoor activities. However, those that give out coverage, provide for very high premiums to be paid by the policy owner. Such activities include bungee jumping, scuba diving, rock-climbing or even skydiving. However, for you to sign up for an affordable term life insurance policy you have to cease engaging in these risky activities.
Do not purchase excess insurance
Before buying term life insurance, you should assess your needs and the period for which you will need the policy. This will prevent you from buying too much insurance.it is important for you to buy the policy in modules depending on your situation as your needs may change overtime. This enables you to save on cost.
Term life insurance is suitable for short-term needs. It is known to be the most straightforward policy available, where you pay premiums after an agreed duration either monthly or yearly for the specific term. Once the policy expires, it is up to the policy owner to decide whether to renew that policy or not. However unlike whole insurance policy, it does not provide any returns beyond the stated benefit. With the right term life insurance quotes, it is quite easy to get the best and most affordable term insurance policy for you. Here are some key ideas that will help you get the most affordable term insurance policy.
Healthy lifestyle
Most of the time, people with health problems end up paying higher premiums than those who are healthy. This can get quite expensive, creating more financial problems for you instead of lessening the burden as it was intended. Those with chronic health conditions should get an insurance policy that does not require any physical or medical exams. The rest should strive to get healthier. They should have a healthy diet by getting healthy food and drinking plenty of water. They should exercise and get medical checkups regularly.
Being safe
Most Insurance companies avoid giving out insurance coverage to people who have high risk professions or engage in very risky outdoor activities. However, those that give out coverage, provide for very high premiums to be paid by the policy owner. Such activities include bungee jumping, scuba diving, rock-climbing or even skydiving. However, for you to sign up for an affordable term life insurance policy you have to cease engaging in these risky activities.
Do not purchase excess insurance
Before buying term life insurance, you should assess your needs and the period for which you will need the policy. This will prevent you from buying too much insurance.it is important for you to buy the policy in modules depending on your situation as your needs may change overtime. This enables you to save on cost.
Sunday, December 29, 2013
Advantages Offered By Hunting Lease Liability Insurance
Leasing lands to hunters and fishermen is becoming more and more common throughout the Unites States as landowners seek additional income or desire to reduce the damage done to their crops by deer and wildlife populations. When hunting and fishing land is leased, it is typically no longer a handshake deal, but requires the use of a written hunting lease agreement between the parties. A hunting lease agreement is a formal on-paper agreement between the landowner and an individual hunter or a group of hunters, granting them access to the land for a specified time period at a pre-determined price, and often for a particular type of game animal. In many states, hunting lease liability insurance is mandatory along with a hunting lease agreement.
Hunting lease liability insurance: Hunting liability insurance is a special policy designed to safeguard both the landowners and the hunters by offering liability coverage against hunting related accidents that could possibly result in a lawsuit.
Advantages of getting insured: As hunting liability insurance is quite useful to both landowners and hunters as outlined below:
For hunters
Mishandling of firearm/misfire: Even with experienced sportsmen and women, firearm related accidents can happen. Typically either the hunter mishandles his weapon and injures himself or another member of his hunting party or another hunter is shot because he is mistaken for an animal. Though a hunter mishandling and injuring himself or a family member may not result in liability, injuring another hunter will most likely result in a liability claim. Hunting lease insurance covers against all such liability claims, typically up to $1,000,000.
Fire accidents on the property: Sometimes activities as simple as a campfire can destroy or damage buildings on the property, causing great loss to the landowner. Hunting lease insurance provides financial assistance to the hunter and landowner in this situation.
For landowners
Accidents to the hunters: Landowners need to notify hunters of all foreseeable risks on their property. Possible hazards include abandoned wells, old deer stands, and cables and wire fences, all of which may cause injury. If a hunter gets hurt, then the landlord could be legally responsible for the accident. Hunting lease liability insurance helps protect owners from such risks, typically up to $1,000,000 per occurrence. Liability insurance helps owners settle such claims without any financial disturbance.
Hunting insurance covers a wide variety of risks: Besides offering coverage to all the above mentioned risks, a hunting insurance policy covers accidents involving ATVs used for hunting, tree stands, guest liability, etc. Hunting lease liability insurance is a comprehensive policy that covers a wide variety of risks.
In spite of everyones best efforts to ensure safe hunting, accidents are unavoidable. Liability insurance may not reduce the occurrence of accidents, but it can at least save from the adversities of unintentional mistakes. Moreover, hunting lease liability insurance is less expensive than homeowners policies and has a much quicker application process and turnaround time.
Hunting lease liability insurance: Hunting liability insurance is a special policy designed to safeguard both the landowners and the hunters by offering liability coverage against hunting related accidents that could possibly result in a lawsuit.
Advantages of getting insured: As hunting liability insurance is quite useful to both landowners and hunters as outlined below:
For hunters
Mishandling of firearm/misfire: Even with experienced sportsmen and women, firearm related accidents can happen. Typically either the hunter mishandles his weapon and injures himself or another member of his hunting party or another hunter is shot because he is mistaken for an animal. Though a hunter mishandling and injuring himself or a family member may not result in liability, injuring another hunter will most likely result in a liability claim. Hunting lease insurance covers against all such liability claims, typically up to $1,000,000.
Fire accidents on the property: Sometimes activities as simple as a campfire can destroy or damage buildings on the property, causing great loss to the landowner. Hunting lease insurance provides financial assistance to the hunter and landowner in this situation.
For landowners
Accidents to the hunters: Landowners need to notify hunters of all foreseeable risks on their property. Possible hazards include abandoned wells, old deer stands, and cables and wire fences, all of which may cause injury. If a hunter gets hurt, then the landlord could be legally responsible for the accident. Hunting lease liability insurance helps protect owners from such risks, typically up to $1,000,000 per occurrence. Liability insurance helps owners settle such claims without any financial disturbance.
Hunting insurance covers a wide variety of risks: Besides offering coverage to all the above mentioned risks, a hunting insurance policy covers accidents involving ATVs used for hunting, tree stands, guest liability, etc. Hunting lease liability insurance is a comprehensive policy that covers a wide variety of risks.
In spite of everyones best efforts to ensure safe hunting, accidents are unavoidable. Liability insurance may not reduce the occurrence of accidents, but it can at least save from the adversities of unintentional mistakes. Moreover, hunting lease liability insurance is less expensive than homeowners policies and has a much quicker application process and turnaround time.
The Need And Importance Of General Insurance In India
Any insurance except life insurance falls under the purview of General Insurance. Lets try to understand what actually is general insurance?
In this era of high uncertainty and spiralling inflation rate, the dangers posed to our prized possessions has reached new zeniths. Insurance therefore is becoming a necessity more than just a utility. Safeguarding your belongings accumulated through years of hard work is the right thing to do and this is where different type of insurance service provider plays a pivotal role.
The concept of taking money from Peter to pay Paul has a long precedent. In the case of general insurance, the money is taken from the owners who want to insure their stuff and then given to that participant who has suffered a loss due to any incident specifically covered by the insurance policy.
General insurance in India comprises of a wide array of insurance such as health insurance, fire insurance, errors and omissions insurance and their like. Or one can say that the thrust of general insurance is inclined toward business activities unlike life insurance. Business activities in todays web-connected globalised world are fraught with so many transactional uncertainties that it has become an utmost priority to safeguard the entire chain of activities. Right from procurement of raw materials from local or overseas
Vendors to manufacturing and later distribution of the finished products, the substance of value is for a considerable period of time in transit without the owner having a commanding control over its fate. A general insurance policy aims to fill the command vacuum by providing the mitigation of uncertainty that may occur. It promises the policy holder to cover the losses in lieu of a fixed amount of premium.
Unlike life insurance policies, general insurance policies are typically not for lifetime tenure. It usually last for a particular economic activity, for instance marine insurance. It concerns with providing insurance cover for a particular voyage. Similar is the case with fire insurance, it covers losses that may occur due to fire in the factory warehouse for a given period of time. It can therefore be asserted that, most if not all general insurance products are of annual nature.
Various insurance service providers operate in this zone. Although the crux of their services remains the same, many of them have insurance products that are spin-offs of one another. Hence, differentiating between general insurance products of the same category from two different service providers can be a daunting task. Not only has that, a few providers of general insurance in India offer various combinations of insurance service. As different people have needs that are not symmetrical, hence it becomes a necessity of insurance providers to cater to the demand. For instance, an owner of a manufacturing unit would ideally require both fire insurance and machinery breakdown insurance. Thus one may come across general insurance products in various combinations catering to the need ever-evolving business landscape.
Thus general insurance in India can be put on a must-have list for most people, business entities and entrepreneurs alike. It is a handy tool that goes a long way to bring certainty and peace of mind in life.
In this era of high uncertainty and spiralling inflation rate, the dangers posed to our prized possessions has reached new zeniths. Insurance therefore is becoming a necessity more than just a utility. Safeguarding your belongings accumulated through years of hard work is the right thing to do and this is where different type of insurance service provider plays a pivotal role.
The concept of taking money from Peter to pay Paul has a long precedent. In the case of general insurance, the money is taken from the owners who want to insure their stuff and then given to that participant who has suffered a loss due to any incident specifically covered by the insurance policy.
General insurance in India comprises of a wide array of insurance such as health insurance, fire insurance, errors and omissions insurance and their like. Or one can say that the thrust of general insurance is inclined toward business activities unlike life insurance. Business activities in todays web-connected globalised world are fraught with so many transactional uncertainties that it has become an utmost priority to safeguard the entire chain of activities. Right from procurement of raw materials from local or overseas
Vendors to manufacturing and later distribution of the finished products, the substance of value is for a considerable period of time in transit without the owner having a commanding control over its fate. A general insurance policy aims to fill the command vacuum by providing the mitigation of uncertainty that may occur. It promises the policy holder to cover the losses in lieu of a fixed amount of premium.
Unlike life insurance policies, general insurance policies are typically not for lifetime tenure. It usually last for a particular economic activity, for instance marine insurance. It concerns with providing insurance cover for a particular voyage. Similar is the case with fire insurance, it covers losses that may occur due to fire in the factory warehouse for a given period of time. It can therefore be asserted that, most if not all general insurance products are of annual nature.
Various insurance service providers operate in this zone. Although the crux of their services remains the same, many of them have insurance products that are spin-offs of one another. Hence, differentiating between general insurance products of the same category from two different service providers can be a daunting task. Not only has that, a few providers of general insurance in India offer various combinations of insurance service. As different people have needs that are not symmetrical, hence it becomes a necessity of insurance providers to cater to the demand. For instance, an owner of a manufacturing unit would ideally require both fire insurance and machinery breakdown insurance. Thus one may come across general insurance products in various combinations catering to the need ever-evolving business landscape.
Thus general insurance in India can be put on a must-have list for most people, business entities and entrepreneurs alike. It is a handy tool that goes a long way to bring certainty and peace of mind in life.
Mountain-moving Faith in Christ by Bishop KP Yohannan
Jesus had spent thirty long years preparing and getting ready for God to work a miracle through Him. He not only prepared Himself by walking in fellowship with His Heavenly Father, but by developing a relationship of utmost seclusion and intimacy with Him.
Bishop Dr once said, -The only thing we really believe in is the thing we believe in enough to act upon.- In the verses of Mark 11:23-24, the message outlines a process that starts with the desire of an individual to attain the impossible. It is to delight oneself in the Lord and He will give us the desires of your heart - Psalm 37:4. Hence, as we delight ourselves in God, He places all His desires in us.
A mountain-moving faith grows out of a relationship that we develop with God. We are aware that desire fuels action and hence, when that desire motivates us towards praying and attainment of communion with the Lord, we begin to experience the real power of God at work in our lives - 2 Corinthians 13:14. It is through the promises of God that we gain -Faith- and hence, it is not a one-way charter. It is through the promises of God that we put our desires into action through constant prayer.
Bishop further adds that we know that for over three years, Jesus had spent all his time and each day with His disciples, preparing and shaping their lives and hence, if we compute, three years accounts to 1095 days or 26,280 hours, less the sleeping hours, assuming that the disciples did sleep when they should have prayed, but Jesus constantly looked over them and never gave up on his belief in them.
It is said that one can develop a mountain-moving faith in small steps, one at a time and to do so, one should be able to combat doubts and this limits our capability to think about what God can do in and through us and what we can do in and through Him. It is essential that we spend time in prayer with the Lord and feed on our spiritual desire with the love, word and promises of God. We need to learn to be led by the Holy Spirit and it is only when you sleep through this opportunity that we can wake up and move forward to the next step that Jesus provides us with - Matthew 26:36-46.
About Author:
Bishop is the founder of , a Christian NGO based in Carrollton, Texas, and the Metropolitan of Believers Church. for more about 's sermons.
Bishop Dr once said, -The only thing we really believe in is the thing we believe in enough to act upon.- In the verses of Mark 11:23-24, the message outlines a process that starts with the desire of an individual to attain the impossible. It is to delight oneself in the Lord and He will give us the desires of your heart - Psalm 37:4. Hence, as we delight ourselves in God, He places all His desires in us.
A mountain-moving faith grows out of a relationship that we develop with God. We are aware that desire fuels action and hence, when that desire motivates us towards praying and attainment of communion with the Lord, we begin to experience the real power of God at work in our lives - 2 Corinthians 13:14. It is through the promises of God that we gain -Faith- and hence, it is not a one-way charter. It is through the promises of God that we put our desires into action through constant prayer.
Bishop further adds that we know that for over three years, Jesus had spent all his time and each day with His disciples, preparing and shaping their lives and hence, if we compute, three years accounts to 1095 days or 26,280 hours, less the sleeping hours, assuming that the disciples did sleep when they should have prayed, but Jesus constantly looked over them and never gave up on his belief in them.
It is said that one can develop a mountain-moving faith in small steps, one at a time and to do so, one should be able to combat doubts and this limits our capability to think about what God can do in and through us and what we can do in and through Him. It is essential that we spend time in prayer with the Lord and feed on our spiritual desire with the love, word and promises of God. We need to learn to be led by the Holy Spirit and it is only when you sleep through this opportunity that we can wake up and move forward to the next step that Jesus provides us with - Matthew 26:36-46.
About Author:
Bishop is the founder of , a Christian NGO based in Carrollton, Texas, and the Metropolitan of Believers Church. for more about 's sermons.
Role And Importance Of A Health Insurance Advisor
The role and importance of a health insurance advisor can be gauged by the analogy of doctor and a patient or counsellor"s advice to a student or a lawyer"s advice to a prisoner. To sum it up, it can be expressed in one word as "Vital". This is because they are domain experts and therefore we look up to them to provide us valuable advice so that we make informed decisions and appropriate steps to achieve our goals. Similarly, a health insurance advisor has a firm grip on the knowledge pertaining to health insurance domain. Therefore, it is imperative on all of us to take quality and timely advice from them in matters where our health is concerned.
Health insurance I just another manifestation of insurance products with risks and benefits that is packaged in a wholesome manner and sold at the market place. There is no dearth of the number policies that you will come across when you go out to buy a health plan. The health plans are so identical to each other that many a times you will be left overwhelmed with the same kind of messaging and features that it will practically leave you befuddled. You quest to find a health insurance plan will hit a road block if you try to decipher the various features of those policies on your own.
It is here that we come to grips with the importance of a health insurance advisor, or more commonly known as an agent or broker. It is this guy who will be able to tell you the difference between various policies and will afford you a less hazy picture with regards to a health insurance plan that suits your needs the best.
These health insurance advisors are domain experts. However, one needs to be very careful while utilizing their services. There are two kinds of insurance agents namely, independent and captive. An independent insurance agent is the one who has not contracted to any one health insurance company but has to offer health insurance from all kinds of service providers. However, a captive insurance agent is bound by the terms of his employment which allows him to sell the health insurance plan of that company alone.
Thus, a captive insurance will try to push the product that he has contracted to sell by manipulating information and with the slight of the hand tricks. While the independent insurance will provide you with various option and help you choose the one that will suit your need in the most appropriate manner. Not being contracted by the insurance company is an advantage to him and therefore his incentive and motivation would be to win the trust of the customers rather than shoving a product down an unwilling customer"s throat.
Typically a health insurance advisor will do the following things for you:
" Compare policies
" Provide proposal forms and liaise with the insurance company on your behalf
" Remind you of renewal dates
" Explain the exclusions and fine prints
" Be your one point contact
Health insurance I just another manifestation of insurance products with risks and benefits that is packaged in a wholesome manner and sold at the market place. There is no dearth of the number policies that you will come across when you go out to buy a health plan. The health plans are so identical to each other that many a times you will be left overwhelmed with the same kind of messaging and features that it will practically leave you befuddled. You quest to find a health insurance plan will hit a road block if you try to decipher the various features of those policies on your own.
It is here that we come to grips with the importance of a health insurance advisor, or more commonly known as an agent or broker. It is this guy who will be able to tell you the difference between various policies and will afford you a less hazy picture with regards to a health insurance plan that suits your needs the best.
These health insurance advisors are domain experts. However, one needs to be very careful while utilizing their services. There are two kinds of insurance agents namely, independent and captive. An independent insurance agent is the one who has not contracted to any one health insurance company but has to offer health insurance from all kinds of service providers. However, a captive insurance agent is bound by the terms of his employment which allows him to sell the health insurance plan of that company alone.
Thus, a captive insurance will try to push the product that he has contracted to sell by manipulating information and with the slight of the hand tricks. While the independent insurance will provide you with various option and help you choose the one that will suit your need in the most appropriate manner. Not being contracted by the insurance company is an advantage to him and therefore his incentive and motivation would be to win the trust of the customers rather than shoving a product down an unwilling customer"s throat.
Typically a health insurance advisor will do the following things for you:
" Compare policies
" Provide proposal forms and liaise with the insurance company on your behalf
" Remind you of renewal dates
" Explain the exclusions and fine prints
" Be your one point contact
Insurance Claims Management Services
Insurance is a necessity in any business. Insurance claim management services are involved in providing security to people in various aspects. The most important among all insurance claims services is building insurance claims. It is because that it takes a lifetime to build the house of your imaginings and the calamities are at all times unpredicted, for that reason it is better to protect the most valuable investment of your life with an insurance that promises to take care of your home. Insurance against fire, earthquake, theft, storm, lightning etc by the house owner for his building is called as Building insurance. The building is insured for a sum and the owner of the property is required to pay a premium installment for that insurance. If the building is damaged due to the aforesaid calamities, the insurance company pays the insured sum. There are various covers that are available in building insurance that customer can take in accordance to their requirements and suitability. The right building insurance provides a comprehensive cover to protect your home and the other belongings against natural calamity, or any other accidental circumstances.
There are a variety of different types of building insurance claims available. The settlement of any kind of insurance claim could take months, even years. There are a few things you can do to get faster your insurance claims. You can hire the services of some good and reputable insurance claim management services. Asprea is one of those insurance claim management services. It manages domestic building insurance claims. It is a part of Carillion plc, one of the worlds largest construction and service companies. It was formed to provide a dedicated service to Norwich Union, part of Aviva one of the worlds largest insurance providers. Asprea now deliver domestic building insurance claims through its network of offices based in six regional centers, Sheffield, Bromley, Manchester, Cardiff, Livingston and Peterborough.
Asprea insurance claim services ensure maintenance and repair to the building damage quickly, efficiently and to a very high standard. It also provides you with a substitute accommodation in case of the repairing of the house. The premium paid for domestic building insurance claims is very low and in case of any uncertainty the money is paid. Asprea covers all the home assets like permanent fixtures and fittings, wardrobe, interior decorations etc in domestic building insurance claim. Insuring home building can help customer in minimizing risk and stay in peace. First the insurance company does valuation of the building and then on that basis property is insured. In case of any uncertainty the insurance company pays for the insured amount to customer. The amount of the insurance claim may vary from one company to another. Customer can select Asprea as a reliable insurance claim management services that better covers their home and other possessions.
There are a variety of different types of building insurance claims available. The settlement of any kind of insurance claim could take months, even years. There are a few things you can do to get faster your insurance claims. You can hire the services of some good and reputable insurance claim management services. Asprea is one of those insurance claim management services. It manages domestic building insurance claims. It is a part of Carillion plc, one of the worlds largest construction and service companies. It was formed to provide a dedicated service to Norwich Union, part of Aviva one of the worlds largest insurance providers. Asprea now deliver domestic building insurance claims through its network of offices based in six regional centers, Sheffield, Bromley, Manchester, Cardiff, Livingston and Peterborough.
Asprea insurance claim services ensure maintenance and repair to the building damage quickly, efficiently and to a very high standard. It also provides you with a substitute accommodation in case of the repairing of the house. The premium paid for domestic building insurance claims is very low and in case of any uncertainty the money is paid. Asprea covers all the home assets like permanent fixtures and fittings, wardrobe, interior decorations etc in domestic building insurance claim. Insuring home building can help customer in minimizing risk and stay in peace. First the insurance company does valuation of the building and then on that basis property is insured. In case of any uncertainty the insurance company pays for the insured amount to customer. The amount of the insurance claim may vary from one company to another. Customer can select Asprea as a reliable insurance claim management services that better covers their home and other possessions.
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