It is a fact of life that, in South Africa, we have to take proper care of our cars because we do not have the highly reliable trains and buses system a number of other countries have. If you want to travel between cities or even within cities you'll need your own transport of some type. A part of taking good care of your vehicle is taking out car insurance for it.
Car insurance is essential. It's there to help you repair your car if it is damaged in an accident or simply by some unscrupulous thief or vandal. No car in South Africa ought to be without car insurance. But how do you know when you have enough car insurance?
One of many deciding factors is the pocket. The more you will want to invest in car insurance the better, at least for the majority of cars. Car insurance is a bit like a piece of string, how much it costs varies from policy to policy and from insurance company to insurance company. The main idea is to obtain just as much as you can on your budget.
The next factor is the value of your car. The newer the car, the more insurance you ought to have. In the event the car is written off during an accident you need to be capable of geting the value of the car from the insurance firm so that you can finish paying off your banker and purchase yourself a new car. If you don't have enough insurance to pay for this, then you may find yourself paying off a loan for that vehicle you no longer own and for its replacement.
It is a wise decision to do a lot of research in order to find numerous car insurance quotes coming from a number of different insurance companies. After that you can compare these and see which is going to give you best value for money. You need to look at what value they place on your vehicle and what damages or injuries are included in the policy documents. The more damage they cover and the higher they put the valuation on your car, the better. This means that you will be covered for more if the car is written off and if the car is harmed somehow.
You can make these a little cheaper with the addition of things like alarms and also tracking systems on your car. This reduces the risk of your vehicle getting lost and busted into which means the insurance company is less likely to need to pay out for a claim.
Take a moment to look around and find a car insurance policy that fits both your wallet and also your needs. True, you may have to compromise just a little on both counts if you take a little less than you wanted for a little more than you budgeted, but at the very least if things go haywire you will be covered and capable of getting back on the road quickly. Whether that is enough car insurance in your case or not is a matter of opinion.
Tuesday, November 26, 2013
Tips on Choosing the Right Home or Auto Insurance Policy
Whether you've never bought insurance before, or you've been covered for years and are looking for the best ways to save money, the reality is that there are simple tips that can get you the best deal for your situation. We'll cover some of the best tips for saving money on home insurance and auto insurance. While some tips will apply to both, others will be specific to the type of insurance you're buying.
Find the Best Home Insurance Policy
The most important thing for you to remember is that not all policies are the same. Though you may request quotes from several companies, you can't simply compare the costs - you must compare the coverage that comes along with each quote. Here are the main factors to look out for:
- Deductible. Put simply, a deductible is what you'll pay out of pocket if you have to file a claim. The lower the deductible is, the higher your premium generally is. On the other hand, some people choose a high deductible because it generally means lower premiums. You'll need to consider the options to decide which option is best for your needs.
- Coverage. There are numerous types of coverage, including fire, theft, and you'll need to make sure the policy you choose offers the coverage types you need. You should also make sure the home insurance quotes you get cover all the buildings on your property, such as garages or sheds. Finally, if you have items with significant value, like jewelry, then you may need additional coverage for those items.
- Discounts. There may be discounts available for a wide range of factors, including having a home alarm. Make sure to ask your provider if you qualify for any discounts that may not be included on your initial quote.
Find the Best Auto Insurance Policy
It's true that auto insurance is extremely competitive, which means you'll have numerous quotes to choose from. You'll need to consider the same factors as you do for home insurance, but in different ways.
- Deductible. As with home insurance, the higher your deductible on your auto policy, the lower your premium is likely to be. However, keep in mind that if your deductible is very high and you need your insurance, then you'll need to have that money on hand. You don't to be put in a situation where you can't get to and from work, simply because you wanted to pay a few dollars less for insurance each month.
- Coverage. Generally speaking, if you have an older vehicle with a lower replacement value, then you may want a policy that doesn't include collision coverage. Essentially this means that if you're in an accident and deemed at fault, your insurer won't provide coverage for repairs or replacement - they will only cover the repairs and costs of the other party. You can see a substantial savings if you elect not to have collision, but remember that this is typically only a good value if the value of your car is low.
- Discounts. There may be numerous discounts available, including those for professional affiliations, students, paid groups like CAA, good driver discounts, or multiple vehicle discounts.
If you're looking for both home and auto insurance, be sure to ask the companies from whom you request quotes if they offer discounts for having both insured through the same company.
Find the Best Home Insurance Policy
The most important thing for you to remember is that not all policies are the same. Though you may request quotes from several companies, you can't simply compare the costs - you must compare the coverage that comes along with each quote. Here are the main factors to look out for:
- Deductible. Put simply, a deductible is what you'll pay out of pocket if you have to file a claim. The lower the deductible is, the higher your premium generally is. On the other hand, some people choose a high deductible because it generally means lower premiums. You'll need to consider the options to decide which option is best for your needs.
- Coverage. There are numerous types of coverage, including fire, theft, and you'll need to make sure the policy you choose offers the coverage types you need. You should also make sure the home insurance quotes you get cover all the buildings on your property, such as garages or sheds. Finally, if you have items with significant value, like jewelry, then you may need additional coverage for those items.
- Discounts. There may be discounts available for a wide range of factors, including having a home alarm. Make sure to ask your provider if you qualify for any discounts that may not be included on your initial quote.
Find the Best Auto Insurance Policy
It's true that auto insurance is extremely competitive, which means you'll have numerous quotes to choose from. You'll need to consider the same factors as you do for home insurance, but in different ways.
- Deductible. As with home insurance, the higher your deductible on your auto policy, the lower your premium is likely to be. However, keep in mind that if your deductible is very high and you need your insurance, then you'll need to have that money on hand. You don't to be put in a situation where you can't get to and from work, simply because you wanted to pay a few dollars less for insurance each month.
- Coverage. Generally speaking, if you have an older vehicle with a lower replacement value, then you may want a policy that doesn't include collision coverage. Essentially this means that if you're in an accident and deemed at fault, your insurer won't provide coverage for repairs or replacement - they will only cover the repairs and costs of the other party. You can see a substantial savings if you elect not to have collision, but remember that this is typically only a good value if the value of your car is low.
- Discounts. There may be numerous discounts available, including those for professional affiliations, students, paid groups like CAA, good driver discounts, or multiple vehicle discounts.
If you're looking for both home and auto insurance, be sure to ask the companies from whom you request quotes if they offer discounts for having both insured through the same company.
Mortgage Insurance Providers In Canada Genworth Financial
Canadian homeowners who opt for mortgage insurance or who have a high ratio mortgage that requires insurance have a few sources from which to choose. The first provider of mortgage insurance is the Canada Mortgage and Housing Corporation; the second option for mortgage insurance comes from a select number of private insurers that includes Genworth Financial Canada.
On top of providing mortgage default insurance, Genworth also offers two exclusive benefit programs to their mortgage insurance clients, called the Homebuyer Privileges Program and the Homeowner Assistance Program.
Homebuyer Privileges Program
If you have purchased Genworth mortgage insurance through a participating lender, you can take advantage of their Homebuyer Privileges Program. This unique plan makes it easier to afford common household needs and moving requirements, by offering online discounts for:
Moving services and truck rentals
Home renovation and improvement stores
Home furnishing and outfitting shops
Appliance manufacturers
Security and alarm systems
Home electronics like computers and entertainment systems
To provide these discounted goods and services, Genworth has partnered with major suppliers like:
General Electric
Home Depot
Penske Truck Rental
Barnes and Noble
Clubfurniture
The Homeowner Assistance Program from Genworth
Homeowners who have Genworth-insured mortgages are also entitled to take part in the Homeowner Assistance Program. This plan is designed to alleviate the stress of unexpected financial difficulties, and the dangers that temporary money troubles could pose to your mortgage payments. If you are temporarily having trouble making your mortgage payments because of unemployment, loss of income, illness, or disability, the assistance specialists at Genworth can help determine the best solution, so that you do not have to worry about losing your home.
Provided by the Homeowner Assistance Program
Homeowners facing tough financial times can use the Homeowner Assistance Evaluator, which is a short online quiz that will help determine if you are eligible for the assistance program, and which payment reorganization options might best suit your situation. Some of the more frequently used solutions include:
Deferring payments
Making partial payments through a shared payment plan
Lengthening amortization periods
Deferring payments is an option used by homeowners who have no money available for a short-term period; in this case, Genworth can reschedule the mortgage payments so they are due at a later date.
If you find you can make partial mortgage payments, Genworth can temporarily share the mortgage payments and pay the lender the difference, and in the future you will owe Genworth the balance.
Similarly, if reducing your regular payments would alleviate your financial stress, then you can increase your amortization period, and thereby decrease the monthly amount you owe on your mortgage.
Each solution offered by the Homeowner Assistance Program grants you the flexibility to reorganize your finances and keep your mortgage in good standing, so you will not lose your home because of temporary money troubles.
On top of providing mortgage default insurance, Genworth also offers two exclusive benefit programs to their mortgage insurance clients, called the Homebuyer Privileges Program and the Homeowner Assistance Program.
Homebuyer Privileges Program
If you have purchased Genworth mortgage insurance through a participating lender, you can take advantage of their Homebuyer Privileges Program. This unique plan makes it easier to afford common household needs and moving requirements, by offering online discounts for:
Moving services and truck rentals
Home renovation and improvement stores
Home furnishing and outfitting shops
Appliance manufacturers
Security and alarm systems
Home electronics like computers and entertainment systems
To provide these discounted goods and services, Genworth has partnered with major suppliers like:
General Electric
Home Depot
Penske Truck Rental
Barnes and Noble
Clubfurniture
The Homeowner Assistance Program from Genworth
Homeowners who have Genworth-insured mortgages are also entitled to take part in the Homeowner Assistance Program. This plan is designed to alleviate the stress of unexpected financial difficulties, and the dangers that temporary money troubles could pose to your mortgage payments. If you are temporarily having trouble making your mortgage payments because of unemployment, loss of income, illness, or disability, the assistance specialists at Genworth can help determine the best solution, so that you do not have to worry about losing your home.
Provided by the Homeowner Assistance Program
Homeowners facing tough financial times can use the Homeowner Assistance Evaluator, which is a short online quiz that will help determine if you are eligible for the assistance program, and which payment reorganization options might best suit your situation. Some of the more frequently used solutions include:
Deferring payments
Making partial payments through a shared payment plan
Lengthening amortization periods
Deferring payments is an option used by homeowners who have no money available for a short-term period; in this case, Genworth can reschedule the mortgage payments so they are due at a later date.
If you find you can make partial mortgage payments, Genworth can temporarily share the mortgage payments and pay the lender the difference, and in the future you will owe Genworth the balance.
Similarly, if reducing your regular payments would alleviate your financial stress, then you can increase your amortization period, and thereby decrease the monthly amount you owe on your mortgage.
Each solution offered by the Homeowner Assistance Program grants you the flexibility to reorganize your finances and keep your mortgage in good standing, so you will not lose your home because of temporary money troubles.
Factors To Consider When Looking For Motorcycle Insurance
When buying good motorcycle insurance, one of the things that many people do not understand is on how go about the process. There are many things that one should consider before opting for any single policy at the face value. It is however important to note that insurance for your motorcycle is a required by law and you should not operate without it. In addition to the fact that it is a legal requirement, the insurance cover works to protect you and your bike in case something was to happen to you. Getting the best insurance policy may not require that you go for the most expensive cover and therefore should not be ignored at all.
Getting motorcycle insurance today is far much easier compared to the past few years since you can be able to locate a company through the internet right from the comfort of your home. The insurance quotes are easily accessible and this will help in the decision making process. It is therefore important that you shop around for a number of companies and know what they are charging before settling on one. It is however important to consider a number of factors before deciding on which insurance company to deal with. Below are some of the things that you should consider:
Although it is important to consider the best price when choosing the motorcycle insurance policy, it must be said that this ought not to be the main factor that you look into. It does not mean that the cheapest policy available could be the best and other factors need to be taken into consideration as well.
In case you already have a company that you are dealing with (for other insurance covers), check with them to know whether they have motorcycle insurance policies to offer. This might qualify you for some discount as you combine what you have and this new cover.
Just like with the auto insurance, you should be able to consider the stability of different insurance companies to see whether they are financially stable to support you in case of anything. Most companies have been in the market for many years and they have sufficient reviews from their customers something that could help you to know whether they are reliable or not. Use this as a tool to help you decide.
You should also take into consideration a policy that offers you the maximum coverage incorporating things such as a liability and medical cover.
There are however numerous things that you should understand when looking for motorcycle insurance. These will be used by the insurance company that you choose to determine the rate which you are supposed to pay for the motorcycle. Below are some of them:
Your age will be a consideration when buying a motorcycle policy. The older you are, the cheaper it will be.
Your place of residence. Those who live in the rural settings are normally charged lower rates than those in the urban areas.
The duration for which you have held your license and your experience on the road will be used as a determinant for the rates.
Your credit rating will also be a determining factor.
Gender is also a factor. Men will pay a higher rate compared to ladies.
You will get different rates from different providers allowing you to make your choice depending with the motorcycle insurance you are looking for.
Getting motorcycle insurance today is far much easier compared to the past few years since you can be able to locate a company through the internet right from the comfort of your home. The insurance quotes are easily accessible and this will help in the decision making process. It is therefore important that you shop around for a number of companies and know what they are charging before settling on one. It is however important to consider a number of factors before deciding on which insurance company to deal with. Below are some of the things that you should consider:
Although it is important to consider the best price when choosing the motorcycle insurance policy, it must be said that this ought not to be the main factor that you look into. It does not mean that the cheapest policy available could be the best and other factors need to be taken into consideration as well.
In case you already have a company that you are dealing with (for other insurance covers), check with them to know whether they have motorcycle insurance policies to offer. This might qualify you for some discount as you combine what you have and this new cover.
Just like with the auto insurance, you should be able to consider the stability of different insurance companies to see whether they are financially stable to support you in case of anything. Most companies have been in the market for many years and they have sufficient reviews from their customers something that could help you to know whether they are reliable or not. Use this as a tool to help you decide.
You should also take into consideration a policy that offers you the maximum coverage incorporating things such as a liability and medical cover.
There are however numerous things that you should understand when looking for motorcycle insurance. These will be used by the insurance company that you choose to determine the rate which you are supposed to pay for the motorcycle. Below are some of them:
Your age will be a consideration when buying a motorcycle policy. The older you are, the cheaper it will be.
Your place of residence. Those who live in the rural settings are normally charged lower rates than those in the urban areas.
The duration for which you have held your license and your experience on the road will be used as a determinant for the rates.
Your credit rating will also be a determining factor.
Gender is also a factor. Men will pay a higher rate compared to ladies.
You will get different rates from different providers allowing you to make your choice depending with the motorcycle insurance you are looking for.
Uk Landlord Insurance
As a landlord who owns property in the United Kingdom, you should know that there are different types of landlord insurance cover in the UK. As a landlord you should stay abreast by learning what is and isnt included in a particular insurance cover. In this article we will look at the landlord insurance policies in the UK and their significance to the well being of landlords in this region.
Landlords Insurance
Landlords insurance is a special type of insurance that covers a property owner(s) from any financial losses connected with rental properties. Landlord insurance basically covers the rental building(s) together with option of insuring the contents, if any, that may be inside the building(s) that belong to the landlord.
The Importance of Landlords Insurance
Property owners in the UK should understand the importance of getting Landlords insurance. We have compiled a list that focuses on the importance of property owners getting covered with this type of insurance.
In the event that the property being rented out by the landlord is still being mortgaged then having a landlords insurance protective cover will insure the property owner from suffering financial loss as a result of fire or any other natural disasters such hurricane destruction, floods, tornadoes e.t.c
Apart from unforeseen natural disasters, property owners can benefit tremendously by having acquired landlords insurance as this insurance covers any legal liabilities that might arise as a result of the tenant(s) misuse of the property. Normally, the tenancy agreement contract would hold the tenant liable for unorthodox practices or damage carried out to the rental property. However, if, as a landlord, you omitted to include this portion in the rental contract then your landlords insurance can act as a safety net and shield you from any legal liabilities that may arise.
Other Benefits of Landlords Insurance include:
Always receiving rent. Property owners involved in the rental process or planning to follow this path are strongly advised to get their property insured with the landlords insurance because it will help them recover all or part of their rental fees in the event that the tenant(s) breaks his tenancy agreement and stops paying the rent. Most landlords insurance policies have been structured to cover the property owner for the loss of rent for a certain period. If the landlord feels that the rental contract has been breached by the tenant(s) and that the tenant has to compensate him financially even after being insured then he can redirect the case to the courts for dispute resolution.
Protection of Investment. Rental properties are investments and as such they must be protected so that they can yield returns in the future. In the case of renting, the property owner leaves his property in the hands of tenants. This is where landlords insurance comes in. This insurance will give you peace of mind that your property is protected even though it is in foreign hands. A property inventory will usually be sufficient to solve any disputes.
Reduced costs. Taking a Landlords insurance policy with reduce the property owners costs and also save him a lot of time and problems particularly if he has a lot of property. This will ultimately reduce the problems associated with managing various properties.
Landlords Insurance
Landlords insurance is a special type of insurance that covers a property owner(s) from any financial losses connected with rental properties. Landlord insurance basically covers the rental building(s) together with option of insuring the contents, if any, that may be inside the building(s) that belong to the landlord.
The Importance of Landlords Insurance
Property owners in the UK should understand the importance of getting Landlords insurance. We have compiled a list that focuses on the importance of property owners getting covered with this type of insurance.
In the event that the property being rented out by the landlord is still being mortgaged then having a landlords insurance protective cover will insure the property owner from suffering financial loss as a result of fire or any other natural disasters such hurricane destruction, floods, tornadoes e.t.c
Apart from unforeseen natural disasters, property owners can benefit tremendously by having acquired landlords insurance as this insurance covers any legal liabilities that might arise as a result of the tenant(s) misuse of the property. Normally, the tenancy agreement contract would hold the tenant liable for unorthodox practices or damage carried out to the rental property. However, if, as a landlord, you omitted to include this portion in the rental contract then your landlords insurance can act as a safety net and shield you from any legal liabilities that may arise.
Other Benefits of Landlords Insurance include:
Always receiving rent. Property owners involved in the rental process or planning to follow this path are strongly advised to get their property insured with the landlords insurance because it will help them recover all or part of their rental fees in the event that the tenant(s) breaks his tenancy agreement and stops paying the rent. Most landlords insurance policies have been structured to cover the property owner for the loss of rent for a certain period. If the landlord feels that the rental contract has been breached by the tenant(s) and that the tenant has to compensate him financially even after being insured then he can redirect the case to the courts for dispute resolution.
Protection of Investment. Rental properties are investments and as such they must be protected so that they can yield returns in the future. In the case of renting, the property owner leaves his property in the hands of tenants. This is where landlords insurance comes in. This insurance will give you peace of mind that your property is protected even though it is in foreign hands. A property inventory will usually be sufficient to solve any disputes.
Reduced costs. Taking a Landlords insurance policy with reduce the property owners costs and also save him a lot of time and problems particularly if he has a lot of property. This will ultimately reduce the problems associated with managing various properties.
Cheap Bass Boat Insurance Quotes
Bass boat insurance is specifically designed for the unique needs of people who love to go fishing. The standard insurance policy wont generally cover the needs of an owner of a fishing boat. There are restrictions on size, types and speed of propellers, and other factors that are often waived by insurance firms.
Bass boat insurance is intended for people who are really serious about fishing. That is why the kind of boat they own is a very important factor when theyre filling up their insurance quotes.
It is important to note that bass boat insurance quotes include limited commercial use. This is to ensure the risk coverage that is associated to fishing and other competitive incidences.
A sign that the insurance is credible is when it comes from an insurance provider that offers 24/7 assistance.
If that is the case, it only comes to show that the insurance agents of the bass boat insurance plan you signed up for are very knowledgeable and can accommodate you with your concerns.
Another given is that the best bass boat insurance offers their clients and potential clients a number of coverage. Standard components are the coverage of liabilities, physical damage, and medical payments.
The fully insured boats are protected for the hull and machinery. This includes the inboard and the outboard motors.
The boat may be in use or not, in storage or towed, it doesnt matter. If there is bass boat insurance, the safety of the boat is assured.
To elaborate more on the best bass boat insurance, they provide the three following policies. First and foremost, there is an agreed value on the insurance quotes. It may be costly when compared to the others but this is because there is more coverage when compared to the general-priced bass boat insurance plans.
You can easily compare the standards that are included in one plan to the other. If you feel that you need to add more to the cost because it will allow you to have peace of mind knowing that no matter what happens to your boat, bass boat insurance has your back.
The second standard policy of the best bass boat insurance is an actual cash value. Depreciation is taken from the value of the watercraft. If there is total loss, then the boat insurance rates are less expensive.
Finally, the liability only fishing boat insurance is also available in these kinds of insurance plans.
If there are damages to a boat that is not insured with the policy, then the bass boat owner will have to spend so much.
Bass boat insurance is intended for people who are really serious about fishing. That is why the kind of boat they own is a very important factor when theyre filling up their insurance quotes.
It is important to note that bass boat insurance quotes include limited commercial use. This is to ensure the risk coverage that is associated to fishing and other competitive incidences.
A sign that the insurance is credible is when it comes from an insurance provider that offers 24/7 assistance.
If that is the case, it only comes to show that the insurance agents of the bass boat insurance plan you signed up for are very knowledgeable and can accommodate you with your concerns.
Another given is that the best bass boat insurance offers their clients and potential clients a number of coverage. Standard components are the coverage of liabilities, physical damage, and medical payments.
The fully insured boats are protected for the hull and machinery. This includes the inboard and the outboard motors.
The boat may be in use or not, in storage or towed, it doesnt matter. If there is bass boat insurance, the safety of the boat is assured.
To elaborate more on the best bass boat insurance, they provide the three following policies. First and foremost, there is an agreed value on the insurance quotes. It may be costly when compared to the others but this is because there is more coverage when compared to the general-priced bass boat insurance plans.
You can easily compare the standards that are included in one plan to the other. If you feel that you need to add more to the cost because it will allow you to have peace of mind knowing that no matter what happens to your boat, bass boat insurance has your back.
The second standard policy of the best bass boat insurance is an actual cash value. Depreciation is taken from the value of the watercraft. If there is total loss, then the boat insurance rates are less expensive.
Finally, the liability only fishing boat insurance is also available in these kinds of insurance plans.
If there are damages to a boat that is not insured with the policy, then the bass boat owner will have to spend so much.
How To Choose General Liability Insurance For Contractors
Constructions workers, electricians, plumbers, and many other contractors work in fields where injury and damage can be commonplace. Not only are these fields considered high-risk, lawsuits against contractors and businesses can also be fairly common. To protect against lawsuits and financial losses, those who work in these fields should make use of general liability insurance.
Most businesses have liability insurance of some kind and it is even more important to be properly protected when as a contractor, you are responsible for the safety of those working for you and, in some cases, the general public. For example, employee error could lead to unsafe working conditions that cause injury or malfunctioning equipment could cause employees and others to be hurt. In the event of accidents or injury, comprehensive liability insurance will pay for legal costs as well as damages. General liability insurance is especially important for small-business contractors who may not have the financial means to cover high legal expenses.
Most contractors, especially in fields such as construction, are required to have proof of liability insurance before they can even begin a job. Some contractors may even be interested in extending general liability cover if they are working specific jobs or in specific fields that have an unusually high risk. Policies often have a maximum limit in regard to what insurance will cover and if costs exceed that, contractors are responsible for making up the difference. Making use of an umbrella plan can extend insurance and cover any additional costs that may be incurred.
Different providers have different payment schedules for general liability insurance but most often, contractors pay an initial deposit followed by monthly premiums that vary in price based on provider and extent of coverage. Additionally, contractors may be eligible for reduced rates or discounts by keeping claims at a low rate and practicing job safety during all work. Loss control programs are also available. These programs review company practices in regard to safety and risk management and can provide additional materials and training to keep risk low and thus, keep liability insurance costs low as well. Contractors can also make sure to keep thorough records, make detailed reports to adjustors, and practice quality control to ensure that safety is always a priority.
Contractors looking for general liability insurance can easily find a provider and plan that works for them by making use of internet tools and search engines. Online, contractors can research the liability requirements in their states and compare prices from various companies to determine what liability coverage plans work for them.
Most businesses have liability insurance of some kind and it is even more important to be properly protected when as a contractor, you are responsible for the safety of those working for you and, in some cases, the general public. For example, employee error could lead to unsafe working conditions that cause injury or malfunctioning equipment could cause employees and others to be hurt. In the event of accidents or injury, comprehensive liability insurance will pay for legal costs as well as damages. General liability insurance is especially important for small-business contractors who may not have the financial means to cover high legal expenses.
Most contractors, especially in fields such as construction, are required to have proof of liability insurance before they can even begin a job. Some contractors may even be interested in extending general liability cover if they are working specific jobs or in specific fields that have an unusually high risk. Policies often have a maximum limit in regard to what insurance will cover and if costs exceed that, contractors are responsible for making up the difference. Making use of an umbrella plan can extend insurance and cover any additional costs that may be incurred.
Different providers have different payment schedules for general liability insurance but most often, contractors pay an initial deposit followed by monthly premiums that vary in price based on provider and extent of coverage. Additionally, contractors may be eligible for reduced rates or discounts by keeping claims at a low rate and practicing job safety during all work. Loss control programs are also available. These programs review company practices in regard to safety and risk management and can provide additional materials and training to keep risk low and thus, keep liability insurance costs low as well. Contractors can also make sure to keep thorough records, make detailed reports to adjustors, and practice quality control to ensure that safety is always a priority.
Contractors looking for general liability insurance can easily find a provider and plan that works for them by making use of internet tools and search engines. Online, contractors can research the liability requirements in their states and compare prices from various companies to determine what liability coverage plans work for them.
Monday, November 25, 2013
Factors Affecting Life Insurance Quotes
Life Insurance has become the need of the hour because life insurance not only means insuring an individuals life, it means insuring the whole familys future, security and well-being. Almost every bank offers life insurance; however, the life insurance quotes offered by them vary. Although life insurance is quite popular and the common man is well aware of it but there are certain aspects of it that are not very clear. For example, an important feature while selecting your life insurance policy is the life insurance quote. Let us clear this doubt so that you can choose the right life insurance policy for your needs.
Life insurance quotes are the costs of the life insurance policy offered to an individual. The life insurance quote differs from company to company and it is mainly based on the term of the policy i.e. Term Life, Permanent Life, etc.
There are 3 main factors that affect the life insurance quote. Firstly, it depends on your age and health. For this, you are required to fill a questionnaire. Your life insurance quote may increase if you are a smoker, or if you suffer from any dangerous diseases like cancer, diabetes, or if you have any alcohol or drug related problems. Also, your occupation as well as your recreational activities will be taken into consideration while offering you a life insurance quote. If the details provided by you are proved to be false, then the claim made by the beneficiary will get rejected.
Secondly, the coverage you require will also affect your life insurance quote because the more coverage you need, the higher your life insurance quote will be. The coverage will be calculated according to your income and the number of your working years. Please take due account of the increase in the cost of living while deciding your coverage.
Lastly, the type of Insurance you opt for also affects your life insurance quote. For example, if you need Term Life Insurance then the number of years you require for the policy to be in effect, affects the quote of your life insurance.
A lot of websites and companies provide free life insurance quotes. This aids in comparing the different life insurance policies and finding one that suits you the best. By doing so, you can get the right life insurance quote without any hassles and more importantly you save a lot of money by comparing different life insurance quotes. So, make sure you provide correct information and you will get a decent life insurance quote.
Life insurance quotes are the costs of the life insurance policy offered to an individual. The life insurance quote differs from company to company and it is mainly based on the term of the policy i.e. Term Life, Permanent Life, etc.
There are 3 main factors that affect the life insurance quote. Firstly, it depends on your age and health. For this, you are required to fill a questionnaire. Your life insurance quote may increase if you are a smoker, or if you suffer from any dangerous diseases like cancer, diabetes, or if you have any alcohol or drug related problems. Also, your occupation as well as your recreational activities will be taken into consideration while offering you a life insurance quote. If the details provided by you are proved to be false, then the claim made by the beneficiary will get rejected.
Secondly, the coverage you require will also affect your life insurance quote because the more coverage you need, the higher your life insurance quote will be. The coverage will be calculated according to your income and the number of your working years. Please take due account of the increase in the cost of living while deciding your coverage.
Lastly, the type of Insurance you opt for also affects your life insurance quote. For example, if you need Term Life Insurance then the number of years you require for the policy to be in effect, affects the quote of your life insurance.
A lot of websites and companies provide free life insurance quotes. This aids in comparing the different life insurance policies and finding one that suits you the best. By doing so, you can get the right life insurance quote without any hassles and more importantly you save a lot of money by comparing different life insurance quotes. So, make sure you provide correct information and you will get a decent life insurance quote.
How to Select a Combined Home and Auto Insurance Online
When you purchase more than one kind of insurance policy from the same company, you're usually purchasing what's called a "multi-line policy." Some insurance companies may refer to this as a "combined policy." Regardless of the name, most insurance companies offer discounts for these kinds of multi-insurance purchases. This means you could save loads of money on premiums by purchasing more than one kind of insurance policy from a company with which you're already doing business. Cheaper and easier? It just makes sense.
If you already have a homeowner insurance policy, or an auto insurance policy, ask an agent or representative if your insurance company provides the opposite kind of insurance coverage, too (home or auto, whichever relates to your situation). Since purchasing both kinds of insurance coverage will most likely make you eligible for a discount, your insurance company undoubtedly has its own special procedures to get you signed up with a combined home and auto insurance policy.
If you don't already have either kind of insurance policy, what are you waiting for? While homeowner insurance isn't always required, auto insurance is required in all states. Get two birds with one stone by searching online for combined home and auto insurance. The process for shopping around for multi-line insurance isn't much different than shopping for only one kind of insurance.
Simply search for insurance companies that handle both auto insurance and home insurance. Follow the same steps as you normally would (check coverage and price, research financial rating and customer complaints, and talk with current customers), then set up an appointment with an agent with the company to discuss getting set up with combined home and auto insurance.
It's pretty easy to purchase auto insurance online; however, purchasing homeowner insurance isn't always so cut and dry. When you're ready to actually purchase combined home and auto insurance, it'd be in your best interest to speak with a live agent.
If you already have a homeowner insurance policy, or an auto insurance policy, ask an agent or representative if your insurance company provides the opposite kind of insurance coverage, too (home or auto, whichever relates to your situation). Since purchasing both kinds of insurance coverage will most likely make you eligible for a discount, your insurance company undoubtedly has its own special procedures to get you signed up with a combined home and auto insurance policy.
If you don't already have either kind of insurance policy, what are you waiting for? While homeowner insurance isn't always required, auto insurance is required in all states. Get two birds with one stone by searching online for combined home and auto insurance. The process for shopping around for multi-line insurance isn't much different than shopping for only one kind of insurance.
Simply search for insurance companies that handle both auto insurance and home insurance. Follow the same steps as you normally would (check coverage and price, research financial rating and customer complaints, and talk with current customers), then set up an appointment with an agent with the company to discuss getting set up with combined home and auto insurance.
It's pretty easy to purchase auto insurance online; however, purchasing homeowner insurance isn't always so cut and dry. When you're ready to actually purchase combined home and auto insurance, it'd be in your best interest to speak with a live agent.
Business Analyst In Insurance Domain
The right balance of information and technical knowhow is needed for a Business Analyst to successfully complete his job in any sector. This dictum applies to the Insurance sector as well.
A Business Analyst should be well versed with the information that is needed for any Insurance professional to work in the Insurance domain. Since he has to analyze the processes and then help in the development of essential software for the projects in the Insurance sector, he needs to have both the information required of an Insurance professional and the technical knowledge required for the establishment of software designed for this sector.
Insurance as is known is generally divided into three major divisions: Life Insurance (dealing with safeguarding life and the risk of mortality and critical illnesses), General Insurance (dealing with the risk of damage to immovable property, motor, cargo, marine, household, and fire insurance), health insurance (dealing with risk of illness and disease, and thus covers reimbursements, medical claims, operation of panel doctors, cashless hospitalization, co payment etc.) The level of knowledge and range required is different in each stream and hence a Business Analyst has to have a certain demonstrable understanding of the workings of the particular streams in the sector and also desirably, adequate level of experience in the sector.
Functional Knowledge of Insurance applications is also essential, like new business, channel management, policy servicing, claims management, underwriting, reinsurance and finance. Along with knowledge of the business processes of the particular client company, a brief and thorough understanding of the requirements given by the regulatory authority of the Insurance industry is also mandatory. The terminology is varied for the Insurance sector, with changes even within the sector, for the different streams of the sector. Knowledge of these unique terminologies will help the Business Analyst to understand the client who is the end users expectations and he will be able to draft them better into requirements efficiently.
Once functional requirements are known, the technical knowhow is also essential for any good Business Analyst to communicate to his software developers team about the client users expectations from the project. The Business Analyst should be aware of the basic MS- Office tools like Microsoft Word, Ms PowerPoint, MS Excel, MS Visio, MS Access, and MS Project). These help in collating data and presenting it in proper format. Then knowledge of relational databases is also important for understanding the technicalities of Querying and Support. Basic programming languages that are used by software developers should also be known to the Business Analyst so that he can understand the developers problems or point of view. These programming languages could be ASP, Dot Net, JAVA, J2EE, XNL, HTML etc.
In addition to these, knowledge and experience in insurance business applications, content management systems, portals, data warehousing tools can give any Business Analyst that extra edge over others standing next to him.
Thus, its quite clear that a Business Analyst in the Insurance domain needs to know both sides of the coin the knowledge of insurance business processes and the relevant Insurance software packages.
A Business Analyst should be well versed with the information that is needed for any Insurance professional to work in the Insurance domain. Since he has to analyze the processes and then help in the development of essential software for the projects in the Insurance sector, he needs to have both the information required of an Insurance professional and the technical knowledge required for the establishment of software designed for this sector.
Insurance as is known is generally divided into three major divisions: Life Insurance (dealing with safeguarding life and the risk of mortality and critical illnesses), General Insurance (dealing with the risk of damage to immovable property, motor, cargo, marine, household, and fire insurance), health insurance (dealing with risk of illness and disease, and thus covers reimbursements, medical claims, operation of panel doctors, cashless hospitalization, co payment etc.) The level of knowledge and range required is different in each stream and hence a Business Analyst has to have a certain demonstrable understanding of the workings of the particular streams in the sector and also desirably, adequate level of experience in the sector.
Functional Knowledge of Insurance applications is also essential, like new business, channel management, policy servicing, claims management, underwriting, reinsurance and finance. Along with knowledge of the business processes of the particular client company, a brief and thorough understanding of the requirements given by the regulatory authority of the Insurance industry is also mandatory. The terminology is varied for the Insurance sector, with changes even within the sector, for the different streams of the sector. Knowledge of these unique terminologies will help the Business Analyst to understand the client who is the end users expectations and he will be able to draft them better into requirements efficiently.
Once functional requirements are known, the technical knowhow is also essential for any good Business Analyst to communicate to his software developers team about the client users expectations from the project. The Business Analyst should be aware of the basic MS- Office tools like Microsoft Word, Ms PowerPoint, MS Excel, MS Visio, MS Access, and MS Project). These help in collating data and presenting it in proper format. Then knowledge of relational databases is also important for understanding the technicalities of Querying and Support. Basic programming languages that are used by software developers should also be known to the Business Analyst so that he can understand the developers problems or point of view. These programming languages could be ASP, Dot Net, JAVA, J2EE, XNL, HTML etc.
In addition to these, knowledge and experience in insurance business applications, content management systems, portals, data warehousing tools can give any Business Analyst that extra edge over others standing next to him.
Thus, its quite clear that a Business Analyst in the Insurance domain needs to know both sides of the coin the knowledge of insurance business processes and the relevant Insurance software packages.
Independent Insurance Agents Brokers - Survival Insurance - Ca Insurance Agents Offer $500 Free Gas
Did you know that an insurance broker can actually get you a far better deal on your insurance?
What a deal! Every independent insurance agent with SURVIVAL INSURANCE AGENTS AND BROKERS are offering a voucher for $500 in FREE GAS now with each purchase. If you are trying to find an insurance agent, insurance agents and brokers, an independent insurance agent, Ca insurance agent, in insurance agent ca, online insurance agent, salary insurance agent or looking for insurance agent jobs or an insurance company agent - SURVIVAL INSURANCE will offer you a deal with your Insurance purchase! CALL SURVIVAL NOW at 1800-SURVIVAL for details or questions.
What is the difference between an Independent Insurance Agent Brokerage like SURVIVAL INSURANCE and a privately owned company such as State Farm Insurance, Progressive Insurance or Allstate insurance? What exactly are the auto insurance rules?
To make it simple, the major difference is that a brokerage represents multiple insurance companies competing with each other and offering brokers a discounted rate to sell their product, whereas a "Captive Agent" from a company such as State Farm insurance, Allstate Insurance or Farmers Insurance can only represent his or her own agency's prices.
Are you paying too much for your car insurance, life insurance or homeowners insurance? Is your private health insurance company over-charging you? Do you have speeding tickets or a previous accident that is skyrocketing your insurance rates?
I started Survival Insurance to provide the best cheap California Auto Insurance around. And we are the only company that provides a low price guarantee in writing. You won't find this with other insurance companies, such as State Farm Insurance, Allstate Insurance, Progressive Insurance , AAA Auto Insurance or Farmers Insurance. In fact I ask you to go ahead and shop around, then give Survival a call and they'll beat your deal at 1800 Survival or visit our official site for a free online insurance quote to get the best cheap auto insurance rates around.
Looking for Insurance Agent Jobs? Looking for an insurance agent license?
Survival Insurance will provide training for independent insurance agent, insurance broker agent, salary insurance agent, insurance company agent,insurance agents & brokers,
new insurance agents,ca insurance agents,nationwide insurance agent, general insurance agent, IN insurance agent, insurance agent ca, insurance agent companies or any kind of insurance agent job.
Survival is a sister company to ACE (Academy for Career Education) and provide an online course called Career Insurance Training.
ACE provides training in insurance agent liability, ethics,insurance agents list, insurance agent exam, insurance agent search,insurance agent software,commercial insurance agent, insurance agent work, long term care, insurance agent, nj insurance agent, online insurance agent
Trying to find insurance agent software?
Survival also provides software for insurance agents. Call 1800-SURVIVAL to inquire about Insuresuite software for independent agents.
What a deal! Every independent insurance agent with SURVIVAL INSURANCE AGENTS & BROKERS are offering a voucher for $500 in FREE GAS now with your purchase. If you are trying to find insurance agents, insurance agents brokers, an independent insurance agent, Ca insurance agent, in insurance agent ca, online insurance agent, salary insurance agent or looking for insurance agent jobs or an insurance company agent - SURVIVAL INSURANCE will offer you a deal with your Insurance purchase! CALL SURVIVAL NOW at 1800-SURVIVAL for details or questions.
Best,
Richard Acunto
CEO
What a deal! Every independent insurance agent with SURVIVAL INSURANCE AGENTS AND BROKERS are offering a voucher for $500 in FREE GAS now with each purchase. If you are trying to find an insurance agent, insurance agents and brokers, an independent insurance agent, Ca insurance agent, in insurance agent ca, online insurance agent, salary insurance agent or looking for insurance agent jobs or an insurance company agent - SURVIVAL INSURANCE will offer you a deal with your Insurance purchase! CALL SURVIVAL NOW at 1800-SURVIVAL for details or questions.
What is the difference between an Independent Insurance Agent Brokerage like SURVIVAL INSURANCE and a privately owned company such as State Farm Insurance, Progressive Insurance or Allstate insurance? What exactly are the auto insurance rules?
To make it simple, the major difference is that a brokerage represents multiple insurance companies competing with each other and offering brokers a discounted rate to sell their product, whereas a "Captive Agent" from a company such as State Farm insurance, Allstate Insurance or Farmers Insurance can only represent his or her own agency's prices.
Are you paying too much for your car insurance, life insurance or homeowners insurance? Is your private health insurance company over-charging you? Do you have speeding tickets or a previous accident that is skyrocketing your insurance rates?
I started Survival Insurance to provide the best cheap California Auto Insurance around. And we are the only company that provides a low price guarantee in writing. You won't find this with other insurance companies, such as State Farm Insurance, Allstate Insurance, Progressive Insurance , AAA Auto Insurance or Farmers Insurance. In fact I ask you to go ahead and shop around, then give Survival a call and they'll beat your deal at 1800 Survival or visit our official site for a free online insurance quote to get the best cheap auto insurance rates around.
Looking for Insurance Agent Jobs? Looking for an insurance agent license?
Survival Insurance will provide training for independent insurance agent, insurance broker agent, salary insurance agent, insurance company agent,insurance agents & brokers,
new insurance agents,ca insurance agents,nationwide insurance agent, general insurance agent, IN insurance agent, insurance agent ca, insurance agent companies or any kind of insurance agent job.
Survival is a sister company to ACE (Academy for Career Education) and provide an online course called Career Insurance Training.
ACE provides training in insurance agent liability, ethics,insurance agents list, insurance agent exam, insurance agent search,insurance agent software,commercial insurance agent, insurance agent work, long term care, insurance agent, nj insurance agent, online insurance agent
Trying to find insurance agent software?
Survival also provides software for insurance agents. Call 1800-SURVIVAL to inquire about Insuresuite software for independent agents.
What a deal! Every independent insurance agent with SURVIVAL INSURANCE AGENTS & BROKERS are offering a voucher for $500 in FREE GAS now with your purchase. If you are trying to find insurance agents, insurance agents brokers, an independent insurance agent, Ca insurance agent, in insurance agent ca, online insurance agent, salary insurance agent or looking for insurance agent jobs or an insurance company agent - SURVIVAL INSURANCE will offer you a deal with your Insurance purchase! CALL SURVIVAL NOW at 1800-SURVIVAL for details or questions.
Best,
Richard Acunto
CEO
Car Insurance For Unlicensed Drivers
Many people are under the impression that you are not able to get car insurance if you are not a valid driver's license holder. This can be especially trying for illegal immigrants who are unable to obtain a drivers license. Most of the time these drivers will continue to travel on the roads without a valid driver's license or car insurance! In a lot of cases the drivers would actually like to be insured, for their own security and that of the other drivers on the road, but they are unsure of whether they can get insured without a license.
Luckily, there are many auto insurance companies that will insure people without drivers or learners licenses. It is better to have an insured unlicensed driver on the road than an uninsured unlicensed driver. There may be laws against driver's licenses being issued to illegal immigrants, but there are no laws stipulating that unlicensed drivers cannot be insured. This is quite fortunate, as an unlicensed driver may not be as experienced as a licensed driver. This could be privy to more accidents occurring.
There are people on both sides of the fence. There are those who believe that it is wise to insure unlicensed drivers. What happens if the unlicensed driver has an accident? What happens if they hit into another driver? There could be many miserable parties should an accident occur. In a lot of the instances, the unlicensed drivers are not normally the wealthiest of people, and if they were to be in an accident, the likelihood of them being able to pay for repairs to the damages on their car or anyone else's vehicle slim. The other bracket of people may argue that insuring unlicensed drivers is giving them the permission to continue driving illegally.
Unfortunately for unlicensed drivers, the premiums on the car insurance policies will usually be a lot higher than for people holding a valid license. This is because they will usually not have a driving record for the insurance company to revert back to. In some countries there are points awarded to a license for years of driving without crashing. If there is no license, then there will be no points awarded.
Now the trick is to educate illegal drivers about the availability of vehicle insurance. A large quantity of unlicensed drivers may not be educated regarding car insurance. This is because most unlicensed drivers are illegal immigrants who may not have their complete education either! They could be afraid that they will be ratted out for having no license if they approach an insurance company. This is not the case, as auto insurance companies are in no position to criticize or prosecute an unlicensed driver. All they need is a valid ID card to confirm their identity, and usually a proof of residence. The insurance company will then take other factors into consideration to come up with the cost of the premium. These will be the regular considerations such as which kind of car is being driven, the age of the driver, whether the car has a sufficient security system and is kept in a locked garage or not. These, bar the age factor, are all something that can be worked with to organize a lower premium.
Luckily, there are many auto insurance companies that will insure people without drivers or learners licenses. It is better to have an insured unlicensed driver on the road than an uninsured unlicensed driver. There may be laws against driver's licenses being issued to illegal immigrants, but there are no laws stipulating that unlicensed drivers cannot be insured. This is quite fortunate, as an unlicensed driver may not be as experienced as a licensed driver. This could be privy to more accidents occurring.
There are people on both sides of the fence. There are those who believe that it is wise to insure unlicensed drivers. What happens if the unlicensed driver has an accident? What happens if they hit into another driver? There could be many miserable parties should an accident occur. In a lot of the instances, the unlicensed drivers are not normally the wealthiest of people, and if they were to be in an accident, the likelihood of them being able to pay for repairs to the damages on their car or anyone else's vehicle slim. The other bracket of people may argue that insuring unlicensed drivers is giving them the permission to continue driving illegally.
Unfortunately for unlicensed drivers, the premiums on the car insurance policies will usually be a lot higher than for people holding a valid license. This is because they will usually not have a driving record for the insurance company to revert back to. In some countries there are points awarded to a license for years of driving without crashing. If there is no license, then there will be no points awarded.
Now the trick is to educate illegal drivers about the availability of vehicle insurance. A large quantity of unlicensed drivers may not be educated regarding car insurance. This is because most unlicensed drivers are illegal immigrants who may not have their complete education either! They could be afraid that they will be ratted out for having no license if they approach an insurance company. This is not the case, as auto insurance companies are in no position to criticize or prosecute an unlicensed driver. All they need is a valid ID card to confirm their identity, and usually a proof of residence. The insurance company will then take other factors into consideration to come up with the cost of the premium. These will be the regular considerations such as which kind of car is being driven, the age of the driver, whether the car has a sufficient security system and is kept in a locked garage or not. These, bar the age factor, are all something that can be worked with to organize a lower premium.
Affordable Car Insurance - 5 Tips To Minimize Your Expenses
One way of curtailing your overall expenses is to buy cheap car insurance. Even though you very well cannot avoid buying insurance for your vehicle you could still reduce the amount of premium you pay. One approach to getting cheap auto insurance is to cut down on your overall coverage. This is no doubt a risky approach since it exposes you to major expenditure in case you end up having an auto accident. Another approach is to ask and qualify for all possible discounts offered by insurers. Most people use a combination of both approaches to reduce the amount of premium they pay.
The following tips will help you minimize your insurance payments:
1. Most car insurance companies give a discount to people who drive less than a specific number of miles every year because of the assumption that they are less likely to have an accident; the limit varies according to the insurer. You should try to stay within this limit by using public transportation or carpooling whenever possible.
2. Take only as much insurance as you need. For instance, if you already have medical insurance then you do not need to take a car insurance policy that will pay your medical bills. Limit your policy to covering the cost of repairing a vehicle involved in a collision and also medical costs of other people involved in the accident caused by you.
3. Avoid filing minor claims with your insurance company. You can probably get them repaired for a small fee and will therefore be allowed to ask for a 'no-claim' bonus or discount.
4. On a related note, you should keep your deductable very high in order to reduce premiums. You'll have to pay out of your pocket for small expenses but you will at least get insurance cover for major accidents.
5. Do not pay for insurance cover that offers towing or a spare car. It is cheaper to get your car towed away if you ever need to do it. If you have another vehicle or easy access to public transportation or a shared ride then you will not even need the spare car.
As you can see, there are quite a few things that you can do in order to get cheap car insurance. It is definitely necessary to do some homework before you renew your auto insurance because you will save quite a bit of money this way without depriving yourself of the cover you need.
The following tips will help you minimize your insurance payments:
1. Most car insurance companies give a discount to people who drive less than a specific number of miles every year because of the assumption that they are less likely to have an accident; the limit varies according to the insurer. You should try to stay within this limit by using public transportation or carpooling whenever possible.
2. Take only as much insurance as you need. For instance, if you already have medical insurance then you do not need to take a car insurance policy that will pay your medical bills. Limit your policy to covering the cost of repairing a vehicle involved in a collision and also medical costs of other people involved in the accident caused by you.
3. Avoid filing minor claims with your insurance company. You can probably get them repaired for a small fee and will therefore be allowed to ask for a 'no-claim' bonus or discount.
4. On a related note, you should keep your deductable very high in order to reduce premiums. You'll have to pay out of your pocket for small expenses but you will at least get insurance cover for major accidents.
5. Do not pay for insurance cover that offers towing or a spare car. It is cheaper to get your car towed away if you ever need to do it. If you have another vehicle or easy access to public transportation or a shared ride then you will not even need the spare car.
As you can see, there are quite a few things that you can do in order to get cheap car insurance. It is definitely necessary to do some homework before you renew your auto insurance because you will save quite a bit of money this way without depriving yourself of the cover you need.
Tips To Choose The Right Overseas Travel Insurance
If you are regularly travelling overseas for business or professional commitments - being covered by an overseas health insurance plan will certainly help you in unfortunate times. You can never completely rule out a medical emergency while travelling abroad, as an emergency is truly unpredictable and can strike you down any moment during your travel. Additionally, a number of untoward incidents like the loss of luggage or documents or flight cancellation can put you in a troublesome situation. A suitable overseas travel insurance plan will come to your rescue, every time you lose your baggage, or fall ill. So, put an end to your haunting concerns by purchasing an all-encompassing travel cover plan, from a reliable insurance company.
Compare Before Buying:
It is really important that you compare different travel insurance policies first, rather than just buying a policy blindfolded. There are plans that include no sub-limits till a certain age and you can also get insurance for pre-existing conditions. If you plan to indulge in an adventure sport during your travel make sure that any physical damage caused during your activity is also covered by your travel care policy. Normally policy holders are required to pay a nominal amount of additional premium to avail that extra coverage. Presently a wide variety of travel cover policies are available. Thus, if you are a student, a corporate executive or simply a leisure traveler, there is always a tailor-made insurance plan accessible to you, provided you do your research well to gain optimal benefits.
Online Option:
Numerous regular travelers now prefer to buy overseas travel insurance online today, as it leverages them the opportunity to compare all types of travel plans offered both by domestic and multinational insurance companies, and obtain the one that will best serve their requirements. Most travel plans, especially those designed for overseas travelling offer maximum coverage duration of 365 days, and this is applicable for any policy holder up to the age of 60 years. A proper travel insurance plan can always take a lot of stress out from your travel itinerary irrespective of the country you are visiting. You need to compare travel insurance policies to make sure that the policy you go for have the basic coverage that also include personal liability and personal accident, hospitalization and other medical expenses, flight delay and cancellation, loss of luggage and important documents like passports and visas among others.
One of the most significant advantages of buying overseas travel insurance online is that it involves little paperwork. As a willing customer, you are only required to provide insurance companies with necessary details to get a free quote from them. You can also compare plans along with their coverage and benefits and by the policy you finally select using your debit or credit card right from your home or office and also in your most convenient time.
So, when you are traveling abroad next time, you know where to look for your unique travel insurance plan, don't you?
Compare Before Buying:
It is really important that you compare different travel insurance policies first, rather than just buying a policy blindfolded. There are plans that include no sub-limits till a certain age and you can also get insurance for pre-existing conditions. If you plan to indulge in an adventure sport during your travel make sure that any physical damage caused during your activity is also covered by your travel care policy. Normally policy holders are required to pay a nominal amount of additional premium to avail that extra coverage. Presently a wide variety of travel cover policies are available. Thus, if you are a student, a corporate executive or simply a leisure traveler, there is always a tailor-made insurance plan accessible to you, provided you do your research well to gain optimal benefits.
Online Option:
Numerous regular travelers now prefer to buy overseas travel insurance online today, as it leverages them the opportunity to compare all types of travel plans offered both by domestic and multinational insurance companies, and obtain the one that will best serve their requirements. Most travel plans, especially those designed for overseas travelling offer maximum coverage duration of 365 days, and this is applicable for any policy holder up to the age of 60 years. A proper travel insurance plan can always take a lot of stress out from your travel itinerary irrespective of the country you are visiting. You need to compare travel insurance policies to make sure that the policy you go for have the basic coverage that also include personal liability and personal accident, hospitalization and other medical expenses, flight delay and cancellation, loss of luggage and important documents like passports and visas among others.
One of the most significant advantages of buying overseas travel insurance online is that it involves little paperwork. As a willing customer, you are only required to provide insurance companies with necessary details to get a free quote from them. You can also compare plans along with their coverage and benefits and by the policy you finally select using your debit or credit card right from your home or office and also in your most convenient time.
So, when you are traveling abroad next time, you know where to look for your unique travel insurance plan, don't you?
Supplemental Insurance Pays Bonus For Ivf Twins
Many couples trying to conceive find it very difficult to find health insurance coverage that directly pays for In Vitro Fertilization (IVF). Most insurance plans do not provide this type of coverage, and many couples must pay for these expensive treatments out of their own pocket. There are some creative ways to use supplemental insurance to help offset IVF costs. One supplemental insurance program may pay an extra bonus for IVF twins.
IVF Insurance Hard to Get
Most couples considering this procedure have no health insurance coverage that specifically covers IVF. State mandates have loopholes, and 35 states have no mandate at all. So many couples must fund the treatment costs out of their own pocket. They face the added risk of: what happens to our finances if we experience a complicated pregnancy after paying all this money out of pocket for our IVF?
Fifteen states mandate some form of coverage. For those lucky couples with IVF coverage, financial concerns remain: what happens if mom misses extensive time from work, and what happens if the health coverage has hospital deductibles and co pays?
In Vitro Fertilization costs can range from $10,000 to $15,000 per cycle. For those without insurance coverage these costs remain, in addition to the normal costs associated with pregnancy, maternity leave, feeding, clothing, and raising a child.
IVF Multiples Common
IVF embryos are created in a Petri dish. A woman and her doctor determine the number of embryos to be transferred back to her uterus. The more embryos transferred, the greater the chance of pregnancy. The more embryos transferred, the greater the chance of a multiple birth.
The average single pregnancy lasts about 40 weeks, but a twin pregnancy often lasts between 35 to 37 weeks. Nearly half of all twins are born prematurely (before 37 weeks), and the risk of having a premature delivery increases with triplets, quads, etc.
Premature babies can have numerous health concerns. Because the needs of premature babies are so acute, preemies are often placed in a Neo Natal Intensive Care Unit (NICU) after delivery.
Supplemental Insurance Funds IVF
Supplemental Insurance is worth considering before beginning IVF treatments. It pays benefits directly to the insured, not to the doctors or hospitals as with traditional insurance. It pays a benefit for your normal labor and delivery, and the benefit may greatly exceed the premium you pay. Use the excess to offset a portion of your IVF costs.
Bonus for IVF Multiple Birth
The value of Supplemental Insurance shines through when you consider the additional protection that comes along with your benefit for normal delivery. You are also covered for accidents, illnesses, and pregnancy complications. But the greatest value becomes evident when you consider the odds of a multiple pregnancy.
Put the above all together for your IVF twins bonus: IVF is more likely to result in multiple pregnancies, multiple pregnancies are more likely to result in premature delivery, and premature birth is likely to result in sickness for the newborn(s). Therefore, Supplemental Insurance is likely to pay an additional benefit for each of your twins, triplets, etc.
For example, a policy with a $3,000 hospital admission benefit would pay $3,000 for mom's confinement, plus an additional $6,000 for twins confined to the NICU, and $9,000 for triplets confined to the NICU. When you see what the coverage costs you will be amazed.
IVF Insurance Hard to Get
Most couples considering this procedure have no health insurance coverage that specifically covers IVF. State mandates have loopholes, and 35 states have no mandate at all. So many couples must fund the treatment costs out of their own pocket. They face the added risk of: what happens to our finances if we experience a complicated pregnancy after paying all this money out of pocket for our IVF?
Fifteen states mandate some form of coverage. For those lucky couples with IVF coverage, financial concerns remain: what happens if mom misses extensive time from work, and what happens if the health coverage has hospital deductibles and co pays?
In Vitro Fertilization costs can range from $10,000 to $15,000 per cycle. For those without insurance coverage these costs remain, in addition to the normal costs associated with pregnancy, maternity leave, feeding, clothing, and raising a child.
IVF Multiples Common
IVF embryos are created in a Petri dish. A woman and her doctor determine the number of embryos to be transferred back to her uterus. The more embryos transferred, the greater the chance of pregnancy. The more embryos transferred, the greater the chance of a multiple birth.
The average single pregnancy lasts about 40 weeks, but a twin pregnancy often lasts between 35 to 37 weeks. Nearly half of all twins are born prematurely (before 37 weeks), and the risk of having a premature delivery increases with triplets, quads, etc.
Premature babies can have numerous health concerns. Because the needs of premature babies are so acute, preemies are often placed in a Neo Natal Intensive Care Unit (NICU) after delivery.
Supplemental Insurance Funds IVF
Supplemental Insurance is worth considering before beginning IVF treatments. It pays benefits directly to the insured, not to the doctors or hospitals as with traditional insurance. It pays a benefit for your normal labor and delivery, and the benefit may greatly exceed the premium you pay. Use the excess to offset a portion of your IVF costs.
Bonus for IVF Multiple Birth
The value of Supplemental Insurance shines through when you consider the additional protection that comes along with your benefit for normal delivery. You are also covered for accidents, illnesses, and pregnancy complications. But the greatest value becomes evident when you consider the odds of a multiple pregnancy.
Put the above all together for your IVF twins bonus: IVF is more likely to result in multiple pregnancies, multiple pregnancies are more likely to result in premature delivery, and premature birth is likely to result in sickness for the newborn(s). Therefore, Supplemental Insurance is likely to pay an additional benefit for each of your twins, triplets, etc.
For example, a policy with a $3,000 hospital admission benefit would pay $3,000 for mom's confinement, plus an additional $6,000 for twins confined to the NICU, and $9,000 for triplets confined to the NICU. When you see what the coverage costs you will be amazed.
The Truth About U.s. Medicare Benefits On Filipino Soil
Many balikbayans worry that leaving America would mean forfeiting their U.S. Medicare benefits. Talks about the extended and out-of-the-country coverage of U.S. Medicare mushroomed in 2007. (Early references are available at the My Philippine Retirement website). Is U.S. Medicare portability a rumor or a reality?
U.S. MEDICARE BASICS
U.S. Medicare, created in 1965, was originally intended for American retirees. The program was later revised to cover not just the retirees, but also the younger population who may be suffering from Lou Gehrigs disease, end-stage renal disease and permanent disabilities.
While the program does not offer completely free health care, it does foot 80 percent of the bills. The program has a 3-part structure:
* Original. Part A offers hospital insurance and inpatient hospital care, while Part B offers medical insurance and outpatient hospital services, to include emergency ambulance, preventive care and visits to the doctor.
* Medicare Advantage. Part C covers the basic health care of the original plan plus additional services like eye care and dental care. This plan can be availed through private enrolment in accredited health maintenance organizations (HMOs).
* Prescription Drug. Part D deals exclusively with prescription drugs. It is available as a stand-alone option or as a tie-up option to an existing U.S. Medicare Advantage plan.
Since the original structure is not comprehensive, Medigap plans offered by private insurance companies are there to supplement a host of special health care.
Standard Medigap plans are referenced as letters C to J, but on June 1, 2010, the U.S. Department of Health Services is scheduled to introduce new policies M and N in lieu of H, I, J and E.
U.S. MEDICARE PORTABILITY
U.S. Medicare coverage in a foreign hospital is limited, with very few exceptions: (1) when the insured resides in the U.S. but the most proximate hospital is a non-U.S. territory, or (2) when an emergency arises while the insured is travelling without unreasonable delay between Alaska and another U.S. state, and a Canada-based hospital is the closest place to seek emergency care.
In March this year, the Philippines Department of Foreign Affairs (DFA) announced that original U.S. Medicare benefits can also be enjoyed in Philippine-based hospitals.
The arrangement is limited though. The report explains: Residents of Guam and Saipan are allowed to seek medical treatment outside of the U.S. on emergency cases due to the proximity of the Philippines vis--vis Hawaii, the nearest U.S. state.
There are at least two names that paved the way for U.S. Medicare portability in the Philippines, reports attribute: Guam Congresswoman Madeleine Bordallo and then Philippine DFA Secretary Roberto Romulo.
THE REAL SCENARIO
To verify U.S. Medicare portability rumors, My Philippine Retirement called up three Manila-based hospitals which as claimed by a San Francisco Chronicle article have been processing reimbursements since 2009.
The findings: There are no records yet of original U.S. Medicare reimbursements. However, there are a number of international health insurances with U.S. Medicare Advantage tie-ups:
* Asian Hospital and Medical Center - (Allianz) Worldwide Care, William Russel, Vanbreda International, TieCare, TakeCare, Net Care, CIGNA, Pacific International, IMG, Blue Shield, Blue Cross International, Alliance and AETNA. E-mail or call +63 (2) 771-9000, 876-5838.
* Makati Medical Center - Vanbreda International, TieCare, International SOS, Prestige International, Net Care, International Health Insurance of Denmark, IMA, HTH World Wide, GMC Services, and AETNA Global Benefit. E-mail or call +63 (2) 870-3000 or 870-3008.
* St. Lukes Hospital StayWell and Calvos. E-mail or call +63 (2) 723-0101 or 723-0301.
Note: The list is up to date as of March 2010. It is essential to refer to the insurance plan by name because majority of the hospital personnel are not fully aware of U.S. Medicare details.
U.S. MEDICARE OFF-SHORE COVERAGE AND PHILIPPINE RETIREMENT
In 2011, U.S. Medicare expenditures will surpass the revenues, experts predict. Several publications indicate that this can be prevented through off-shore coverage where the same health care quality can be enjoyed at a reduced cost. This is the direction where U.S. Medicares Part C is headed.
The recently signed Patient Protection and Affordable Care Act by U.S. President Obama is also expected to influence the retirement plans of former Filipinos and U.S. tax payers. Many anticipate that the better health service promised by the latest reform may not necessarily come out cheap.
Take, for instance, Terry who will be retiring a decade from now. Im anticipating my premiums to increase from 100 dollars a month to over 500 dollars, she reveals. Her current monthly health insurance premium already covers her and her husband.
They earlier agreed to call the U.S. their permanent home, but are now open to becoming balikbayans upon retirement. When it comes to health care, Terry explains, it seems as if the health care services in the Philippines will give the best bang for our buck.
Terry will be retiring in the next 10 years.*
U.S. MEDICARE BASICS
U.S. Medicare, created in 1965, was originally intended for American retirees. The program was later revised to cover not just the retirees, but also the younger population who may be suffering from Lou Gehrigs disease, end-stage renal disease and permanent disabilities.
While the program does not offer completely free health care, it does foot 80 percent of the bills. The program has a 3-part structure:
* Original. Part A offers hospital insurance and inpatient hospital care, while Part B offers medical insurance and outpatient hospital services, to include emergency ambulance, preventive care and visits to the doctor.
* Medicare Advantage. Part C covers the basic health care of the original plan plus additional services like eye care and dental care. This plan can be availed through private enrolment in accredited health maintenance organizations (HMOs).
* Prescription Drug. Part D deals exclusively with prescription drugs. It is available as a stand-alone option or as a tie-up option to an existing U.S. Medicare Advantage plan.
Since the original structure is not comprehensive, Medigap plans offered by private insurance companies are there to supplement a host of special health care.
Standard Medigap plans are referenced as letters C to J, but on June 1, 2010, the U.S. Department of Health Services is scheduled to introduce new policies M and N in lieu of H, I, J and E.
U.S. MEDICARE PORTABILITY
U.S. Medicare coverage in a foreign hospital is limited, with very few exceptions: (1) when the insured resides in the U.S. but the most proximate hospital is a non-U.S. territory, or (2) when an emergency arises while the insured is travelling without unreasonable delay between Alaska and another U.S. state, and a Canada-based hospital is the closest place to seek emergency care.
In March this year, the Philippines Department of Foreign Affairs (DFA) announced that original U.S. Medicare benefits can also be enjoyed in Philippine-based hospitals.
The arrangement is limited though. The report explains: Residents of Guam and Saipan are allowed to seek medical treatment outside of the U.S. on emergency cases due to the proximity of the Philippines vis--vis Hawaii, the nearest U.S. state.
There are at least two names that paved the way for U.S. Medicare portability in the Philippines, reports attribute: Guam Congresswoman Madeleine Bordallo and then Philippine DFA Secretary Roberto Romulo.
THE REAL SCENARIO
To verify U.S. Medicare portability rumors, My Philippine Retirement called up three Manila-based hospitals which as claimed by a San Francisco Chronicle article have been processing reimbursements since 2009.
The findings: There are no records yet of original U.S. Medicare reimbursements. However, there are a number of international health insurances with U.S. Medicare Advantage tie-ups:
* Asian Hospital and Medical Center - (Allianz) Worldwide Care, William Russel, Vanbreda International, TieCare, TakeCare, Net Care, CIGNA, Pacific International, IMG, Blue Shield, Blue Cross International, Alliance and AETNA. E-mail or call +63 (2) 771-9000, 876-5838.
* Makati Medical Center - Vanbreda International, TieCare, International SOS, Prestige International, Net Care, International Health Insurance of Denmark, IMA, HTH World Wide, GMC Services, and AETNA Global Benefit. E-mail or call +63 (2) 870-3000 or 870-3008.
* St. Lukes Hospital StayWell and Calvos. E-mail or call +63 (2) 723-0101 or 723-0301.
Note: The list is up to date as of March 2010. It is essential to refer to the insurance plan by name because majority of the hospital personnel are not fully aware of U.S. Medicare details.
U.S. MEDICARE OFF-SHORE COVERAGE AND PHILIPPINE RETIREMENT
In 2011, U.S. Medicare expenditures will surpass the revenues, experts predict. Several publications indicate that this can be prevented through off-shore coverage where the same health care quality can be enjoyed at a reduced cost. This is the direction where U.S. Medicares Part C is headed.
The recently signed Patient Protection and Affordable Care Act by U.S. President Obama is also expected to influence the retirement plans of former Filipinos and U.S. tax payers. Many anticipate that the better health service promised by the latest reform may not necessarily come out cheap.
Take, for instance, Terry who will be retiring a decade from now. Im anticipating my premiums to increase from 100 dollars a month to over 500 dollars, she reveals. Her current monthly health insurance premium already covers her and her husband.
They earlier agreed to call the U.S. their permanent home, but are now open to becoming balikbayans upon retirement. When it comes to health care, Terry explains, it seems as if the health care services in the Philippines will give the best bang for our buck.
Terry will be retiring in the next 10 years.*
Familiarization With Travel Insurance
Apart from trip cancellation and trip interruption, some other types of travel insurance include emergency evacuation, accidental death and loss of damage to baggage or personal effects. Wasting millions of dollars each year on unnecessary travel insurance or travel assistance policies is a harrowing experience for travelers. It is advised to check the terms and exclusions of any travel insurance or travel assistance policies carefully before purchasing them even if these products are valuable to some travelers in limited circumstances.
Buy only the insurance you need. Bundling several insurance together to form comprehensive travel insurance is a frequent practice. Make sure you purchase what you need only after reviewing this chapter and doing comparison shopping among several travel insurance policies
It is best to decide on the type of travel insurance when you already know the coverage present with you. Take into consideration the following facts in particular. While you are traveling, provision of liability and personal property protection can be provided by home owner's or rental's insurance policy.
Though your health insurance does not guarantee you with all the coverage but it surely provides you with all the information about specific limitations and exclusions of the policy. Using a car on rent poses no problem for you to avail automobile insurance coverage. Your credit card may offer some protection, including loss damage waiver when you rent a car or coverage if you want to cancel or change a flight.
As of today, there are many travel insurance policies which boasts of providing you with excess or secondary coverage. This means that if any other coverage can be applied to the loss first, such as homeowner's insurance if your personal property is stolen, then the travel insurance will provide coverage only for amounts not paid by the primary insurance, such as deductibles. Whether your own coverage is insufficient or you have a very high deductible, travel insurance policies can offer primary coverage in these cases. Primary coverage has a higher premium than excess coverage in most of the cases.
The biggest drawback of travel insurance is that most policies contain a number of exclusions and travelers often don't learn about the exclusions until they try to use the coverage. Determining the protection being offered by your travel insurance policy can be done only while reviewing the policy and checking the exclusions and definitions carefully. Trip cancellation and trip interruption insurance can be considered as the most important types of travel insurance since they are capable of covering losses which are usually not covered by any other insurance which you might already have.
Trip cancellation and trip interruption insurance give different kinds of protection, despite being closely related. Reimbursement of any prepaid and non refundable expenses such as an airline ticket or a cruise cabin that you could not use due to trip cancellation, can be claimed by insuring yourself with the trip cancellation insurance. Not only does the trip interruption insurance provides you with cover during your trip but it also reimburses certain expenses if you cut short or change your trip. The validity of trip cancellation insurance lies in three things irrespective of the variation in the terms of the policy which is expected to reimburse you for nonrefundable and prepaid trip expenses. Any effect which indirectly causes the trip that had been prearranged to be cancelled because the accident may have had an effect on either you or those travelling with you. The validity of your trip cancellation insurance holds only before you departure.
Make it a point to assure yourself that any trip cancellation insurance you purchase covers you while you are en route from your home to your departure point. In the same fashion, some trip cancellation policies expire 48 or 72 hours before the departure time durin which many last time crises may occur. If you purchase cancellation insurance, make sure you are covered during the entire period of time before your departure.
Buy only the insurance you need. Bundling several insurance together to form comprehensive travel insurance is a frequent practice. Make sure you purchase what you need only after reviewing this chapter and doing comparison shopping among several travel insurance policies
It is best to decide on the type of travel insurance when you already know the coverage present with you. Take into consideration the following facts in particular. While you are traveling, provision of liability and personal property protection can be provided by home owner's or rental's insurance policy.
Though your health insurance does not guarantee you with all the coverage but it surely provides you with all the information about specific limitations and exclusions of the policy. Using a car on rent poses no problem for you to avail automobile insurance coverage. Your credit card may offer some protection, including loss damage waiver when you rent a car or coverage if you want to cancel or change a flight.
As of today, there are many travel insurance policies which boasts of providing you with excess or secondary coverage. This means that if any other coverage can be applied to the loss first, such as homeowner's insurance if your personal property is stolen, then the travel insurance will provide coverage only for amounts not paid by the primary insurance, such as deductibles. Whether your own coverage is insufficient or you have a very high deductible, travel insurance policies can offer primary coverage in these cases. Primary coverage has a higher premium than excess coverage in most of the cases.
The biggest drawback of travel insurance is that most policies contain a number of exclusions and travelers often don't learn about the exclusions until they try to use the coverage. Determining the protection being offered by your travel insurance policy can be done only while reviewing the policy and checking the exclusions and definitions carefully. Trip cancellation and trip interruption insurance can be considered as the most important types of travel insurance since they are capable of covering losses which are usually not covered by any other insurance which you might already have.
Trip cancellation and trip interruption insurance give different kinds of protection, despite being closely related. Reimbursement of any prepaid and non refundable expenses such as an airline ticket or a cruise cabin that you could not use due to trip cancellation, can be claimed by insuring yourself with the trip cancellation insurance. Not only does the trip interruption insurance provides you with cover during your trip but it also reimburses certain expenses if you cut short or change your trip. The validity of trip cancellation insurance lies in three things irrespective of the variation in the terms of the policy which is expected to reimburse you for nonrefundable and prepaid trip expenses. Any effect which indirectly causes the trip that had been prearranged to be cancelled because the accident may have had an effect on either you or those travelling with you. The validity of your trip cancellation insurance holds only before you departure.
Make it a point to assure yourself that any trip cancellation insurance you purchase covers you while you are en route from your home to your departure point. In the same fashion, some trip cancellation policies expire 48 or 72 hours before the departure time durin which many last time crises may occur. If you purchase cancellation insurance, make sure you are covered during the entire period of time before your departure.
Public Liability Insurance
If you are a tradesman working in either a traditional or more unusual trade (such as steel fixing, perhaps wall papering or wardrobe installations), youll need comprehensive public liability insurance for tradesmen. You will need to find an industry leader in providing cheap public liability insurance and business insurance specifically for tradies.
From just $39.77 per month (paid monthly for your convenience), its around the cost of a carton of beer, and an investment thats worth $5 million dollars in peace of mind against public liability claims. While tradesmens public liability insurance cover for $5 million is common, today more and more tradesmen are opting for $10 million public liability cover.
The importance of maintaining adequate Tradesman public liability insurance cannot be underestimated. Imagine the consequences if someone was injured through an incident or accident caused by you or one of your team. Without tradesmens public liability insurance they could sue you for thousands or millions of dollars. You could lose your business or your home.
Your insurance representatives will be only too happy to assist you with public liability insurance quote/quotes. Search the internet to get public liability insurance online quote or speak to an insurance consultant directly. Cheap public liability insurance isnt a sell, its a reality. In fact, you can get tradesman liability insurance for around the cost of a carton of beer per month.
It is essential that you read the Product Disclosure Statement when seeking a public liability insurance quote. The PDS covers all aspects of Tradesman public liability insurance package including the important issue of inclusions and exclusions. For example, some business insurance package inclusions dont apply to some trades and you need to know whats included in your cover or rather and importantly, whats not covered.
When arranging Tradesman public liability insurance, its essential that the paperwork is right so that tradesmen dont run the risk of being under insured or worse uninsured. While cheap public liability insurance is the goal and reality, be mindful that there are a number of situations that may exclude tradies from a tradies insurance package.
If you are in a trade occupation that involves work in an underground mine or with high voltage power supply or on an airport tarmac you will need to disclose this at the time of requesting your public liability insurance quote/quotes. If your occupation or workplace is listed on a restricted locations exclusion list, this needs to be listed on the application paperwork for Tradesman public liability insurance.
Make sure you find an insurance company that is committed to assisting tradies with the best business insurance cover possible and at affordable prices. They will let you know all the details about the right public liability insurance, Australia policies and well ensure you will obtain the best public liability insurance premium cost.
Call your insurance consultant today for more information and to arrange quotes for public liability insurance, tools insurance, business insurance, commercial vehicle insurance as well as illness & injury insurance (formerly known as income protection insurance).
Always refer to your Product Disclosure Statement.
If youre a tradesman on a jobsite and someone is accidentally electrocuted or they trip over your gear and sustain an injury, there are two things you need:
1) Public liability insurance; and
2) Enough public liability insurance cover for the full extent of the claims made against you.
All tradesmen and sub-contractors on a jobsite need to carry public liability insurance to protect themselves against professional and personal financial ruin.
While the industry minimum standard for public liability insurance cover is for $5 million, there is growing demand for $10 million public liability insurance policies.The sole purpose of tradesmans public liability insurance is to protect the tradesman or sub-contractor against financial claims in the event of damage to a property or injury to people, other than employees, that have been caused by the tradesman or a member of the tradesmans staff.
It is important to note that a contractors public liability insurance policy may not cover sub-contractors who may have been engaged for a job. Even if the main contractors public liability insurance responds in the event of a claim for which the sub-contractor is liable, the contractors insurer may not recover the claim amount from the sub-contractor.Sub-contractors are deemed to be self-employed, and employers should always check that sub-contractors have their own current and adequate public liability insurance before allowing them to enter a job site.
When it comes to engaging labour hire workers, there are additional important issues that must be considered. The key is to advise your public liability insurer when you engage labour hire staff so that proper provision may be made in the policy for them.If you are an electrician and you travel with your work, it is important to check that your public liability insurance complies with the requirements of your State Electrical Contractors Association as these conditions can vary from state to state.
Search the internet to find out more about public liability insurance or to obtain an online public liability insurance quote specifically for tradesmen.Always refer to your Product Disclosure Statement for complete details.
From just $39.77 per month (paid monthly for your convenience), its around the cost of a carton of beer, and an investment thats worth $5 million dollars in peace of mind against public liability claims. While tradesmens public liability insurance cover for $5 million is common, today more and more tradesmen are opting for $10 million public liability cover.
The importance of maintaining adequate Tradesman public liability insurance cannot be underestimated. Imagine the consequences if someone was injured through an incident or accident caused by you or one of your team. Without tradesmens public liability insurance they could sue you for thousands or millions of dollars. You could lose your business or your home.
Your insurance representatives will be only too happy to assist you with public liability insurance quote/quotes. Search the internet to get public liability insurance online quote or speak to an insurance consultant directly. Cheap public liability insurance isnt a sell, its a reality. In fact, you can get tradesman liability insurance for around the cost of a carton of beer per month.
It is essential that you read the Product Disclosure Statement when seeking a public liability insurance quote. The PDS covers all aspects of Tradesman public liability insurance package including the important issue of inclusions and exclusions. For example, some business insurance package inclusions dont apply to some trades and you need to know whats included in your cover or rather and importantly, whats not covered.
When arranging Tradesman public liability insurance, its essential that the paperwork is right so that tradesmen dont run the risk of being under insured or worse uninsured. While cheap public liability insurance is the goal and reality, be mindful that there are a number of situations that may exclude tradies from a tradies insurance package.
If you are in a trade occupation that involves work in an underground mine or with high voltage power supply or on an airport tarmac you will need to disclose this at the time of requesting your public liability insurance quote/quotes. If your occupation or workplace is listed on a restricted locations exclusion list, this needs to be listed on the application paperwork for Tradesman public liability insurance.
Make sure you find an insurance company that is committed to assisting tradies with the best business insurance cover possible and at affordable prices. They will let you know all the details about the right public liability insurance, Australia policies and well ensure you will obtain the best public liability insurance premium cost.
Call your insurance consultant today for more information and to arrange quotes for public liability insurance, tools insurance, business insurance, commercial vehicle insurance as well as illness & injury insurance (formerly known as income protection insurance).
Always refer to your Product Disclosure Statement.
If youre a tradesman on a jobsite and someone is accidentally electrocuted or they trip over your gear and sustain an injury, there are two things you need:
1) Public liability insurance; and
2) Enough public liability insurance cover for the full extent of the claims made against you.
All tradesmen and sub-contractors on a jobsite need to carry public liability insurance to protect themselves against professional and personal financial ruin.
While the industry minimum standard for public liability insurance cover is for $5 million, there is growing demand for $10 million public liability insurance policies.The sole purpose of tradesmans public liability insurance is to protect the tradesman or sub-contractor against financial claims in the event of damage to a property or injury to people, other than employees, that have been caused by the tradesman or a member of the tradesmans staff.
It is important to note that a contractors public liability insurance policy may not cover sub-contractors who may have been engaged for a job. Even if the main contractors public liability insurance responds in the event of a claim for which the sub-contractor is liable, the contractors insurer may not recover the claim amount from the sub-contractor.Sub-contractors are deemed to be self-employed, and employers should always check that sub-contractors have their own current and adequate public liability insurance before allowing them to enter a job site.
When it comes to engaging labour hire workers, there are additional important issues that must be considered. The key is to advise your public liability insurer when you engage labour hire staff so that proper provision may be made in the policy for them.If you are an electrician and you travel with your work, it is important to check that your public liability insurance complies with the requirements of your State Electrical Contractors Association as these conditions can vary from state to state.
Search the internet to find out more about public liability insurance or to obtain an online public liability insurance quote specifically for tradesmen.Always refer to your Product Disclosure Statement for complete details.
Choosing the Right Non-Medical Life Insurance
Life insurance is an important coverage that assists members of the family with expenses that are likely to emerge after the death of the breadwinner. The right cover is attained after careful consideration of the available options. There are several leading life insurance companies that offer non-medical life insurance. Generally, the cost of the policy depends on other factors other than the medical condition, including smoking behavior, age, sex among other factors.
The no health insurance cover
Most of the people above the age of 50 face special needs. Therefore, they may consider a provider who does not need any form of health examinations. Companies that seek for health checks do so with the objective of gauging the risk factors before issuing the coverage.
Some of the best no health policy offer a fixed cash balance left as a gift for the beneficiaries. The fixed sum can also be used towards providing for funeral costs. In case you fall within the risky group of 50 and 85 years you will be accepted by the no health insurance cover.
The challenge now rests with finding a company that provides competitive rates. The life insurance cover provides a lump sum to settle the policy holder's debts or burial costs while others use the lump sum to leave as an inheritance for the surviving dependants. Many of the policy holders use the life insurance for retirement or educating the children or grand children.
Comparing different offers
Finding the right policy is not easy, considering that there are many offers available online all purporting to offer the best package. It takes effort and time to find a policy that fully caters for an individual's needs. The factors to consider when choosing an insurance company include the company's premiums, company's background, the financial sturdiness and the available products.
You should study the background of the company since it helps in making an informed decision. It is advisable to consider choosing a non-medical life insurance company that has a good record of handling clients. By reading through the customers' reviews and recommendations, you will have an idea whether the insurance company is good enough.
As you do your shopping, you will discover the premiums payable vary among companies. Every company uses a different format of deriving premiums and computing risks. Therefore it is important to compare quotes obtained from different places. This way, you will avoid paying more for the cover than is necessary.
The no health insurance cover
Most of the people above the age of 50 face special needs. Therefore, they may consider a provider who does not need any form of health examinations. Companies that seek for health checks do so with the objective of gauging the risk factors before issuing the coverage.
Some of the best no health policy offer a fixed cash balance left as a gift for the beneficiaries. The fixed sum can also be used towards providing for funeral costs. In case you fall within the risky group of 50 and 85 years you will be accepted by the no health insurance cover.
The challenge now rests with finding a company that provides competitive rates. The life insurance cover provides a lump sum to settle the policy holder's debts or burial costs while others use the lump sum to leave as an inheritance for the surviving dependants. Many of the policy holders use the life insurance for retirement or educating the children or grand children.
Comparing different offers
Finding the right policy is not easy, considering that there are many offers available online all purporting to offer the best package. It takes effort and time to find a policy that fully caters for an individual's needs. The factors to consider when choosing an insurance company include the company's premiums, company's background, the financial sturdiness and the available products.
You should study the background of the company since it helps in making an informed decision. It is advisable to consider choosing a non-medical life insurance company that has a good record of handling clients. By reading through the customers' reviews and recommendations, you will have an idea whether the insurance company is good enough.
As you do your shopping, you will discover the premiums payable vary among companies. Every company uses a different format of deriving premiums and computing risks. Therefore it is important to compare quotes obtained from different places. This way, you will avoid paying more for the cover than is necessary.
Key Benefits Of Travel Insurance
The travel insurance is most essential for the business travelers group as well as normal citizens.
The insurance company as well as travel agencies also provides the coverage while you are on travel for either longer time or for the shorter travel plan. Based on your needs, the insurance company as well as travel agencies provides the better option to the travelers those feet to their needs.
There are various types of benefits offered by the insurance companies or travel agencies.
1. The travel insurance companies offer maximum coverage to the insured person to gives more benefits incase of accident or any types of illness.
2. The travel insurance provider provides deductibles based on your needs. It is based on the types of policy terms.
3. Some travel insurance agencies gives deductibles or co-payment against the some percentage cover under the medical expenses. It is based on the individual companies to decide the term or percentage of co-payment.
4. The travel insurance does not pay if they suspect the misuse of drugs or involvement in the narcotics activities.
5. The insurance company provides the coverage incase of mobilization of ill or injured person based on your needs. The transportation cost will cover under the medical expenses. Same way the insurance company also gives the discharge cost from the hospitals of the insured person.
It is up to you to select the plan based on your needs. It is most important to select the proper plan according to the risk associated with you.
The insurance company as well as travel agencies also provides the coverage while you are on travel for either longer time or for the shorter travel plan. Based on your needs, the insurance company as well as travel agencies provides the better option to the travelers those feet to their needs.
There are various types of benefits offered by the insurance companies or travel agencies.
1. The travel insurance companies offer maximum coverage to the insured person to gives more benefits incase of accident or any types of illness.
2. The travel insurance provider provides deductibles based on your needs. It is based on the types of policy terms.
3. Some travel insurance agencies gives deductibles or co-payment against the some percentage cover under the medical expenses. It is based on the individual companies to decide the term or percentage of co-payment.
4. The travel insurance does not pay if they suspect the misuse of drugs or involvement in the narcotics activities.
5. The insurance company provides the coverage incase of mobilization of ill or injured person based on your needs. The transportation cost will cover under the medical expenses. Same way the insurance company also gives the discharge cost from the hospitals of the insured person.
It is up to you to select the plan based on your needs. It is most important to select the proper plan according to the risk associated with you.
What's So Special About Geico Car Insurance
GEICO vehicle insurance is an extremely well recognized vehicle insurance business and is an inspiration and source of drive for many insurance corporations. GEICO is renowned for their cute talking Gecko in their striking commercials and more recently included cavemen commercials. These two characters from the GEICO commercials would insure everything from automobiles, motorcycles and even boats.
About GEICO: GEICO stands for Government Employees Insurance Company is considered as the leader in the vehicle insurance market and provides vehicle insurance to hundreds and thousands of people. If you are searching for a great vehicle insurance provider, then GEICO vehicle insurance provider would be a wise decision. This vehicle insurance provider was founded in the 1930s by Leo Goodwin and his wife Lillian Goodwin, which was during the great depression. This provider soon surpassed their opposition and became one of the best vehicle insurance companies in the United States including a number of other countries.
Aside from this, there are also a few other things that you ought to know about the company. GEICO vehicle insurance company is rated as the number one property casualty insurer. GEICO is rated third for first-rate customer satisfaction among the people of United States. They were also rated as a superior company by actual consumers in the year 2007. The company also has a number of AAAs across the board and they are also rated number one as the most desired insurer.
What does GEICO offer? GEICO vehicle insurance suggest a number of discounts including multiple vehicle discounts, seatbelts, and discounts for cars with airbags and also includes discounts for a membership which is one of almost 300 organizations. Aside from this point, GEICO also offers strong and instant customer support. This includes 24/7 service through online support, phone and the claims taken care of very fast and fairly.
Auto insurance with GEICO: Overall, GEICO actually beats the standards set by other vehicle insurance providers. You can benefit from very low prices and even enjoy great customer service. If you need a great and reasonable vehicle insurance, then GEICO vehicle insurance is the best decision. However, you might also be very familiar with other insurance companies which also offer you good prices and great after-bond services, but you should know inside-out about the company and whether it is one to be respected. The rising recognition of GEICO through their educative and comical commercials actually lets you know that they can be trusted.
GEICO Auto Insurance and DUI Auto Insurance: DUI vehicle insurance is actually a considerable issue to those charged with drunk driving. The vehicle insurance companies including GEICO vehicle insurance would base their rates on numerous factors plus the driving record. Drunk driving convictions often cause most of the car insurance companies to even lose you as others might augment the rates of your insurance. In case of an accident due to drunk driving, it would also be very difficult to negotiate with your auto insurance company and with the lawyer. Although most of the vehicle insurance companies will just ignore such an accident, if you have a GEICO vehicle insurance policy, then you can be confident that the policy would cover the damage caused.
You can search online for other insurance companies. However, it would be a bit difficult to find a vehicle insurance policy that would offer you very low rates for the policy and great service than with GEICO.
About GEICO: GEICO stands for Government Employees Insurance Company is considered as the leader in the vehicle insurance market and provides vehicle insurance to hundreds and thousands of people. If you are searching for a great vehicle insurance provider, then GEICO vehicle insurance provider would be a wise decision. This vehicle insurance provider was founded in the 1930s by Leo Goodwin and his wife Lillian Goodwin, which was during the great depression. This provider soon surpassed their opposition and became one of the best vehicle insurance companies in the United States including a number of other countries.
Aside from this, there are also a few other things that you ought to know about the company. GEICO vehicle insurance company is rated as the number one property casualty insurer. GEICO is rated third for first-rate customer satisfaction among the people of United States. They were also rated as a superior company by actual consumers in the year 2007. The company also has a number of AAAs across the board and they are also rated number one as the most desired insurer.
What does GEICO offer? GEICO vehicle insurance suggest a number of discounts including multiple vehicle discounts, seatbelts, and discounts for cars with airbags and also includes discounts for a membership which is one of almost 300 organizations. Aside from this point, GEICO also offers strong and instant customer support. This includes 24/7 service through online support, phone and the claims taken care of very fast and fairly.
Auto insurance with GEICO: Overall, GEICO actually beats the standards set by other vehicle insurance providers. You can benefit from very low prices and even enjoy great customer service. If you need a great and reasonable vehicle insurance, then GEICO vehicle insurance is the best decision. However, you might also be very familiar with other insurance companies which also offer you good prices and great after-bond services, but you should know inside-out about the company and whether it is one to be respected. The rising recognition of GEICO through their educative and comical commercials actually lets you know that they can be trusted.
GEICO Auto Insurance and DUI Auto Insurance: DUI vehicle insurance is actually a considerable issue to those charged with drunk driving. The vehicle insurance companies including GEICO vehicle insurance would base their rates on numerous factors plus the driving record. Drunk driving convictions often cause most of the car insurance companies to even lose you as others might augment the rates of your insurance. In case of an accident due to drunk driving, it would also be very difficult to negotiate with your auto insurance company and with the lawyer. Although most of the vehicle insurance companies will just ignore such an accident, if you have a GEICO vehicle insurance policy, then you can be confident that the policy would cover the damage caused.
You can search online for other insurance companies. However, it would be a bit difficult to find a vehicle insurance policy that would offer you very low rates for the policy and great service than with GEICO.
Memo Not All Car Insurance Companies Are Created Equal!
Car insurance protects you against any financial loss that may happen due to an accident or theft of your car. It is a car insurance company that issues car insurance to you. A car insurance company will work up a car insurance policy for you after evaluating the various options like the make of your car, the premium that you are willing to pay, your insurance risk, etc. A yearly premium has to be paid by you to the car insurance company so that the company can pay for your loses that you may bear in the future. All the terms and conditions are mentioned in the contract and it is your duty as a car owner to look over all the points and ask the insurance agent any questions that you have in mind. It is only after all the terms and conditions are clear to you that you should sign on the dotted line and pay the premium.
Normally all car insurance companies have the same insurance policies. The premium to be paid and the percentage of losses to be covered in case of any accident may vary slightly. Since the car insurance market is very competitive, the premium rates and other terms and conditions almost remain the same.
A car insurance policy may provide property, liability and coverage depending on the type of policy. The property coverage covers losses for damage of the car or the theft of the car. Liability coverage pays for any legal liabilities to other people for bodily harm or property damage. And medical coverage covers expenses for treating injuries, medicine expenses and funeral expenses in case of a car accident. You may buy the different types of coverage depending on how much you want to spend on your policy.
A car insurance policy usually consists of 6 types of coverage. As mentioned before a customer can select from the different types of coverage. Most of the car policies last from 6 months to a year. Your car insurance company will bill you when it is time to renew your policy and be prepared for a rate hike.
The different types of coverage are :-
1) Bodily Injury Liability
This type of liability covers the expenses of injuries that you may cause to someone else while driving your car. Also the coverage includes injuries caused to a person while driving other person's car.
2) Medical Payments and Personal Injury Protection
This type of liability covers the expenses for the treatment of injuries to drivers and other passengers. The liability also covers medical expenses and funeral expenses in the case of death.
3) Property Damage Liability
This type of liability covers for damage to the other person's car and your car. It may also include damage to lamp posts, telephone poles, fences and other public property.
4) Collision
This type of liability covers expenses for damage to your car or the other person's car. Even if you are at fault, then also you will be reimbursed for the expenses of repairing the car.
5) Comprehensive
This liability covers loses due to theft or damage to the car by something other than collision with another object or damage to the car due to fire, falling objects, explosion, earthquake, etc.
6) Uninsured and Underinsured Motorist Coverage
This liability covers damages to your car by another driver who is uninsured.
The coverages mentioned above are offered by all car insurance companies. In almost all states, car insurance is mandatory. Therefore, it is your responsibility as a car driver to have a policy.
Normally all car insurance companies have the same insurance policies. The premium to be paid and the percentage of losses to be covered in case of any accident may vary slightly. Since the car insurance market is very competitive, the premium rates and other terms and conditions almost remain the same.
A car insurance policy may provide property, liability and coverage depending on the type of policy. The property coverage covers losses for damage of the car or the theft of the car. Liability coverage pays for any legal liabilities to other people for bodily harm or property damage. And medical coverage covers expenses for treating injuries, medicine expenses and funeral expenses in case of a car accident. You may buy the different types of coverage depending on how much you want to spend on your policy.
A car insurance policy usually consists of 6 types of coverage. As mentioned before a customer can select from the different types of coverage. Most of the car policies last from 6 months to a year. Your car insurance company will bill you when it is time to renew your policy and be prepared for a rate hike.
The different types of coverage are :-
1) Bodily Injury Liability
This type of liability covers the expenses of injuries that you may cause to someone else while driving your car. Also the coverage includes injuries caused to a person while driving other person's car.
2) Medical Payments and Personal Injury Protection
This type of liability covers the expenses for the treatment of injuries to drivers and other passengers. The liability also covers medical expenses and funeral expenses in the case of death.
3) Property Damage Liability
This type of liability covers for damage to the other person's car and your car. It may also include damage to lamp posts, telephone poles, fences and other public property.
4) Collision
This type of liability covers expenses for damage to your car or the other person's car. Even if you are at fault, then also you will be reimbursed for the expenses of repairing the car.
5) Comprehensive
This liability covers loses due to theft or damage to the car by something other than collision with another object or damage to the car due to fire, falling objects, explosion, earthquake, etc.
6) Uninsured and Underinsured Motorist Coverage
This liability covers damages to your car by another driver who is uninsured.
The coverages mentioned above are offered by all car insurance companies. In almost all states, car insurance is mandatory. Therefore, it is your responsibility as a car driver to have a policy.
What is the Best Occupation to Get Cheap Auto Insurance
You probably never thought that choosing a specific job could hurt or help your car insurance rates. Don't worry, it really never crosses anyone's mind when they are searching for new employment. However, there are jobs out there that can give you great policies for minimal costs. We've gathered some information for you below that should help if you are trying to get that cheap auto insurance.
Going to College to be a Scientist
Listen, we aren't suggesting you go to college to get cheap auto insurance, but if you are headed that way, anyway you will want to know this regardless. The occupation of being a scientist can lower your rates tremendously. It is not because they have special abilities, got a degree in the field or anything of that nature. The truth is they are cooped up in a building, which means they won't travel too much, even if around the city.
What a Job Creates
Granted, the scientist thing above is just an example. Then again, there are several jobs out there that can get you lower rates just because of the effect it can have on you. For instance, if you are a Wall Street broker where your day consists of strenuous levels, your rates will be higher. Why? Well, when you leave work for the day your stress levels are soaring through the roof and the chances of you being distracted while driving are much higher.
We are telling you this because in order to get cheap auto insurance based on your occupation, the lower the stress the better off you will be. Another great example of this is if you an attorney of some sort. Constant trips to different courthouses, phone calls galore, and just thinking about a case can dawn a higher premium. It's hard to believe this is what our records have become, but it is the truth.
People in the Safety Field
This doesn't necessarily have to be in the insurance field for safety, but just any one in general. Those who spend all day teaching others about safety are more likely to be safer when driving. This gives them an advantage when it comes time to finding cheap auto insurance around the corner. Since they are meticulous in their work, they probably are in other parts of their lives including driving.
Understanding it All
If there was a chance you were confused by anything above, here is an easy way to understand it all. Find yourself a job that isn't completely relaxing, but one that doesn't require a lot of stressful situations. Writers, artists, and many others like them are great examples of people who can receive cheap auto insurance. People who work at home in general are good examples. Just take what we've given you to heart and you'll soon realize all the jobs that will pay more or less for car insurance.
Going to College to be a Scientist
Listen, we aren't suggesting you go to college to get cheap auto insurance, but if you are headed that way, anyway you will want to know this regardless. The occupation of being a scientist can lower your rates tremendously. It is not because they have special abilities, got a degree in the field or anything of that nature. The truth is they are cooped up in a building, which means they won't travel too much, even if around the city.
What a Job Creates
Granted, the scientist thing above is just an example. Then again, there are several jobs out there that can get you lower rates just because of the effect it can have on you. For instance, if you are a Wall Street broker where your day consists of strenuous levels, your rates will be higher. Why? Well, when you leave work for the day your stress levels are soaring through the roof and the chances of you being distracted while driving are much higher.
We are telling you this because in order to get cheap auto insurance based on your occupation, the lower the stress the better off you will be. Another great example of this is if you an attorney of some sort. Constant trips to different courthouses, phone calls galore, and just thinking about a case can dawn a higher premium. It's hard to believe this is what our records have become, but it is the truth.
People in the Safety Field
This doesn't necessarily have to be in the insurance field for safety, but just any one in general. Those who spend all day teaching others about safety are more likely to be safer when driving. This gives them an advantage when it comes time to finding cheap auto insurance around the corner. Since they are meticulous in their work, they probably are in other parts of their lives including driving.
Understanding it All
If there was a chance you were confused by anything above, here is an easy way to understand it all. Find yourself a job that isn't completely relaxing, but one that doesn't require a lot of stressful situations. Writers, artists, and many others like them are great examples of people who can receive cheap auto insurance. People who work at home in general are good examples. Just take what we've given you to heart and you'll soon realize all the jobs that will pay more or less for car insurance.
Sunday, November 24, 2013
Ways To Reduce Your Quad Bike Insurance Premium
Insurance is a necessary evil in order to ensure that your vehicle is road legal; this applies to quad bikes and ATV's also. Having adequate quad bike insurance is a prerequisite to being able to ride on public roads, but is an unwanted expense. As a result, quad owners are always looking for ways to reduce their insurance premiums.
Here are five ways in which you can help secure a cheap quad insurance quote.
1. Invest in Security
Insurance premiums are calculated on risk so the more risk to quad bike, the higher the insurance premium is. Investing in a security system for you bike such as a ground anchor will make it more difficult to steal, therefore reducing the risk of your insurance company having to pay compensation which lowers your premium. Adding a chain and lock to your quad will also lower the insurance premium.
2. Store Your Quad In A Garage
It is a fact that over 5m worth of quad bikes are stolen in the UK every year; the chances of your quad being stolen from a garage are much reduced when compared with leaving it in a garden or on a drive. Therefore your quad insurance premium will reflect this reduction in risk.
3. Maintain Low Mileage
Limiting the amount of mileage that you do on your quad bike limits the possibility of having an accident; the more time you are using the quad, the more time you are exposed to the road and traffic, thus increasing the likelihood of an accident occurring. Also, maintaining low mileage will cause less wear and tear on your quad and so repair bills will be a lot smaller.
4. Quad Insurance Online
Many quad insurance companies offer discounts if you arrange your policy with them online. This is because if you fill in all of your details and that of the bike and obtain an electronic quote, the insurance company does not need to employ someone to answer the phone and arrange the cover for you, thus reducing their administration costs. These savings are then passed on to you as an online discount.
5. Keep Your License Clean
This may sound obvious, but insurance companies consider individuals with previous driving convictions to be a higher risk to insure than those who have a clean license. Therefore, keeping your license clean is a great way to ensure that you are offered the best value for money insurance cover and it is not inflated by your past record. However, if you do have previous motoring convictions, do not worry; after a set amount of time, which is dependent upon the nature of the initial offence, they are wiped off your license and it will be clean again - just ensure that you keep it this way!
Overall then, there are many things that you can do to reduce the cost of your quad bike insurance; the majority of them are actions that most quad owners would take naturally to protect their quad.
Here are five ways in which you can help secure a cheap quad insurance quote.
1. Invest in Security
Insurance premiums are calculated on risk so the more risk to quad bike, the higher the insurance premium is. Investing in a security system for you bike such as a ground anchor will make it more difficult to steal, therefore reducing the risk of your insurance company having to pay compensation which lowers your premium. Adding a chain and lock to your quad will also lower the insurance premium.
2. Store Your Quad In A Garage
It is a fact that over 5m worth of quad bikes are stolen in the UK every year; the chances of your quad being stolen from a garage are much reduced when compared with leaving it in a garden or on a drive. Therefore your quad insurance premium will reflect this reduction in risk.
3. Maintain Low Mileage
Limiting the amount of mileage that you do on your quad bike limits the possibility of having an accident; the more time you are using the quad, the more time you are exposed to the road and traffic, thus increasing the likelihood of an accident occurring. Also, maintaining low mileage will cause less wear and tear on your quad and so repair bills will be a lot smaller.
4. Quad Insurance Online
Many quad insurance companies offer discounts if you arrange your policy with them online. This is because if you fill in all of your details and that of the bike and obtain an electronic quote, the insurance company does not need to employ someone to answer the phone and arrange the cover for you, thus reducing their administration costs. These savings are then passed on to you as an online discount.
5. Keep Your License Clean
This may sound obvious, but insurance companies consider individuals with previous driving convictions to be a higher risk to insure than those who have a clean license. Therefore, keeping your license clean is a great way to ensure that you are offered the best value for money insurance cover and it is not inflated by your past record. However, if you do have previous motoring convictions, do not worry; after a set amount of time, which is dependent upon the nature of the initial offence, they are wiped off your license and it will be clean again - just ensure that you keep it this way!
Overall then, there are many things that you can do to reduce the cost of your quad bike insurance; the majority of them are actions that most quad owners would take naturally to protect their quad.
Life Insurance Facts And Aig's Collapse...
Don't let the variety of life insurance in the market confuse you. You can get clarification about which life insurance was designed especially for you in mind from a life insurance agent or a financial advisor. Life insurance simply makes life easier for those you leave behind.
Statistics show that only fifty percent of Americans have life insurance. The importance of life insurance cannot be over emphasized, especially in these perilous times. To ensure that you don't leave your loved ones bumping into each other in the dark after your death, get life insurance.
When you know that people who are dependent on you can't pay school fees or the car loan if you die, then it's time for life insurance. You shouldn't wait to fall sick with a terminal disease before you take out life insurance. Life insurance can be taken out while you are still in the prime of your youth.
What sort of life will your family be living when you die? Will they be able to maintain it or not? The answer to these questions will nudge you in the direction of life insurance .or not. To get the best of life insurance, you need to be clear about who benefits.
Many families are left stranded after the death of their breadwinner. To avoid your family falling into a financial dump, take out a life insurance policy. Life insurance allows you to provide a source of income for your family in case of your untimely death.
A permanent life insurance policy is a contract between you and an insurance company that involves you paying premiums for life. In the event that you die, if you have a permanent life insurance, the amount of the policy goes to your beneficiary.
Annual renewable term is a term policy for life insurance that increases premium each year. An annual renewable term is often low in premium from the start but starts to accelerate in price as the years go by.
Saving seems to be a habit that lots of Americans have an aversion to, hence the low patronage of life insurance. Life insurance can be considered a kind of saving venture that enables your beneficiary tohave something to fall back on. Changing any negative mindset you have concerning life insurance can help your family a great deal if and when you are no longer there for them physically.
Statistics show that only fifty percent of Americans have life insurance. The importance of life insurance cannot be over emphasized, especially in these perilous times. To ensure that you don't leave your loved ones bumping into each other in the dark after your death, get life insurance.
When you know that people who are dependent on you can't pay school fees or the car loan if you die, then it's time for life insurance. You shouldn't wait to fall sick with a terminal disease before you take out life insurance. Life insurance can be taken out while you are still in the prime of your youth.
What sort of life will your family be living when you die? Will they be able to maintain it or not? The answer to these questions will nudge you in the direction of life insurance .or not. To get the best of life insurance, you need to be clear about who benefits.
Many families are left stranded after the death of their breadwinner. To avoid your family falling into a financial dump, take out a life insurance policy. Life insurance allows you to provide a source of income for your family in case of your untimely death.
A permanent life insurance policy is a contract between you and an insurance company that involves you paying premiums for life. In the event that you die, if you have a permanent life insurance, the amount of the policy goes to your beneficiary.
Annual renewable term is a term policy for life insurance that increases premium each year. An annual renewable term is often low in premium from the start but starts to accelerate in price as the years go by.
Saving seems to be a habit that lots of Americans have an aversion to, hence the low patronage of life insurance. Life insurance can be considered a kind of saving venture that enables your beneficiary tohave something to fall back on. Changing any negative mindset you have concerning life insurance can help your family a great deal if and when you are no longer there for them physically.
Auto Insurance Plans - Liability, Comprehensive, Collision and Full Coverage
The two most common terms regarding auto insurance are liability and full coverage. Liability insurance is the required state minimum for drivers, while full coverage is a combination of liability, comprehensive and/or collision insurance coverage. There is no actual insurance product named full coverage insurance, but it has become the most recognizable term for this type of plan.
To get the plan that suits you best, you need to know what you want. While liability pays up to a certain amount for damage that you are at fault for in an accident, comprehensive can be a combination of different policies. And some plan features won't be made available to you unless you request them specifically, so it's best to be informed ahead of time.
Liability Insurance
The minimum liability insurance required varies by state, because car insurance is regulated at the state level. The minimum required is written in three parts. For example, in Pennsylvania the minimum requirement is 15/30/5. The numbers represent thousands, and in an accident they would represent up to 15,000 dollars for injuries to one person, up to $30,000 for all bodily injuries, and up to $5,000 for any property damage done. Even though these are the required minimums, you can purchase more. You will be financially responsible for any damage or losses incurred over the policy limits. So in this example, if your accident was to cause $23,000 in property damage, the insurance company would pay $5,000 of it, and you would be on the hook for the other $18,000.
Full coverage is actually a plan with liability insurance, with comprehensive and collision coverage added to it.
Comprehensive insurance was put in place to give you coverage for things that are less likely to be your fault. It is typically called "other than collision" coverage, or OTC, and can include coverage for things like damage from the elements, fires, thefts, and even animal accidents.
Collision coverage pays for damage to your car, assuming you are at fault. The other driver's liability will pay for damage if they are at fault. Collision has it's own separate portion of your policy, and also has it's own separate deductible. It is highly recommended, because it could be the only way you could be compensated for your losses if something was to happen to your car. You can't get collision coverage without having comprehensive, but you can get comprehensive without collision. States don't require collision, but finance companies will require full coverage for any vehicle financed through them.
The coverage type you need will depend on your situation. And as I said before, if you are going to go with just liability, the required minimum may not be enough. Additionally, I highly recommend purchasing collision coverage because it's better to have it and not need it, than to need it and not have it. Purchase your liability, and decide for yourself what other options work best for you.
To get the plan that suits you best, you need to know what you want. While liability pays up to a certain amount for damage that you are at fault for in an accident, comprehensive can be a combination of different policies. And some plan features won't be made available to you unless you request them specifically, so it's best to be informed ahead of time.
Liability Insurance
The minimum liability insurance required varies by state, because car insurance is regulated at the state level. The minimum required is written in three parts. For example, in Pennsylvania the minimum requirement is 15/30/5. The numbers represent thousands, and in an accident they would represent up to 15,000 dollars for injuries to one person, up to $30,000 for all bodily injuries, and up to $5,000 for any property damage done. Even though these are the required minimums, you can purchase more. You will be financially responsible for any damage or losses incurred over the policy limits. So in this example, if your accident was to cause $23,000 in property damage, the insurance company would pay $5,000 of it, and you would be on the hook for the other $18,000.
Full coverage is actually a plan with liability insurance, with comprehensive and collision coverage added to it.
Comprehensive insurance was put in place to give you coverage for things that are less likely to be your fault. It is typically called "other than collision" coverage, or OTC, and can include coverage for things like damage from the elements, fires, thefts, and even animal accidents.
Collision coverage pays for damage to your car, assuming you are at fault. The other driver's liability will pay for damage if they are at fault. Collision has it's own separate portion of your policy, and also has it's own separate deductible. It is highly recommended, because it could be the only way you could be compensated for your losses if something was to happen to your car. You can't get collision coverage without having comprehensive, but you can get comprehensive without collision. States don't require collision, but finance companies will require full coverage for any vehicle financed through them.
The coverage type you need will depend on your situation. And as I said before, if you are going to go with just liability, the required minimum may not be enough. Additionally, I highly recommend purchasing collision coverage because it's better to have it and not need it, than to need it and not have it. Purchase your liability, and decide for yourself what other options work best for you.
Everything's Bigger Texas Truck Insurance
Each state has its own particular requirements and regulations for commercial truck insurance. Some may require stricter enforcement of cargo insurance or necessitate more coverage for particular types of freight due to its potential to cause environmental or other harm. Here are some of the regulations for Texas Truck Insurance.
Commercial Truck Insurance in Texas
Texas is the second largest state in the United States (behind Alaska), which makes it a huge area of transportation. Whenever there is a delivery that must be made across the Southern part of America, it is likely to pass through Texas at some point. And any international shipping to or from Mexico is also liable to swing through the Lone Star State, as well.
This is why commercial truck insurance is so crucial to Texas truck drivers and why regulations must be observed.
Truck Insurance Filings
Every state has specific minimum government filings that must be filled out for sufficient commercial truck insurance coverage. Here are the Texas truck insurance paperwork filings that your Commercial Truck Insurance provider can help you complete:
ICC
MCS90
BMC34
Form E
Form H
Form T
SR22
SR22A
General Liability Insurance
The basic commercial truck insurance that is required in Texas is General Liability Insurance, which covers other drivers in case the truck driver causes an accident. After that, there are a bunch of other options available.
If you want to protect your freight, it is important to purchase freight or cargo insurance. Workers Comp protects employees while on shift. Comprehensive insurance will cover every aspect of the truck itself, regardless of who is at fault.
Find the perfect Texas truck insurance policy to fit your needs.
Federal Motor Carrier Safety Administration
The Federal Motor Carrier Safety Administration (FMCSA) announces updates to law and to protect other motorists, truck drivers, commercial businesses, the environment, and the road, itself. The US Department of Transportation advertises CSA as their motto; Compliance, Safety and Accountability. For more information form this important government entity, visit the FMCSA website.
Commercial Truck Insurance in Texas
Texas is the second largest state in the United States (behind Alaska), which makes it a huge area of transportation. Whenever there is a delivery that must be made across the Southern part of America, it is likely to pass through Texas at some point. And any international shipping to or from Mexico is also liable to swing through the Lone Star State, as well.
This is why commercial truck insurance is so crucial to Texas truck drivers and why regulations must be observed.
Truck Insurance Filings
Every state has specific minimum government filings that must be filled out for sufficient commercial truck insurance coverage. Here are the Texas truck insurance paperwork filings that your Commercial Truck Insurance provider can help you complete:
ICC
MCS90
BMC34
Form E
Form H
Form T
SR22
SR22A
General Liability Insurance
The basic commercial truck insurance that is required in Texas is General Liability Insurance, which covers other drivers in case the truck driver causes an accident. After that, there are a bunch of other options available.
If you want to protect your freight, it is important to purchase freight or cargo insurance. Workers Comp protects employees while on shift. Comprehensive insurance will cover every aspect of the truck itself, regardless of who is at fault.
Find the perfect Texas truck insurance policy to fit your needs.
Federal Motor Carrier Safety Administration
The Federal Motor Carrier Safety Administration (FMCSA) announces updates to law and to protect other motorists, truck drivers, commercial businesses, the environment, and the road, itself. The US Department of Transportation advertises CSA as their motto; Compliance, Safety and Accountability. For more information form this important government entity, visit the FMCSA website.
Selling Cakes, Cookies And Pies You Need Liability Insurance
It matters not if you bake those chocolate chip cookies once a week for the community center and sell them to make extra money for your son's little league uniform; if you are selling food products you need liability insurance.
Of course, no one once to think anyone could get sick from their delicious double Dutch chocolate, chocolate chip cookies, but the truth is, it may not be your baking process, it may be an ingredient you used in your cookies, and it is better to be safe than sorry.
Liability insurance policies cover both legal costs and any legal payouts for which the insured would be responsible if found legally liable. Intentional damage and contractual liabilities are typically not covered in these types of policies.
Does a small home-based baker or food processor selling to family, friends and at farmers markets or community fairs/flea markets need liability insurance. Absolutely!
Liability insurance is important for anyone who may be held legally liable for the injuries of others, especially business owners (that's you). A product manufacturer may purchase product liability insurance to cover them if a product is faulty and causes damage to the purchasers or any other third party. Business owners may purchase liability insurance that covers them if an employee is injured during business operations, for example if you hire your cousin Bill to do the heavy lifting when delivering those amazing beautiful wedding cakes.
One type of insurance coverage that should be considered by all home-based bakers and food manufacturers/processors is "Food Product Liability" coverage. This type of coverage should provide coverage in the event the insured food product injures the person who consumes it. Most retail outlets or locations such as a Farmers Market require that food products have a $1 million to $2 million policy before you will be allowed selling your products. Additional coverage requirements may also be requested.
For example, a retail vendor does not have to allow you to sell your products in their establishment even if you do have the required insurance; plus providers of food product liability insurance may be reluctant to provide you with a policy quote because you are not selling a standard rate of food products. In this case, the provider may prefer to give an estimate which requires very specific information about your products and your business characteristics.
Don't be surprised if a company requires you to complete an application and submit the businesses' production, distribution and marketing plans, all of which may be null and void if you are a new home-based baker with no clue of what type of business or how much business you will be doing. The bottom line is product and business liability insurance is essential if you are going to operate a legitimate business in America.
Of course, no one once to think anyone could get sick from their delicious double Dutch chocolate, chocolate chip cookies, but the truth is, it may not be your baking process, it may be an ingredient you used in your cookies, and it is better to be safe than sorry.
Liability insurance policies cover both legal costs and any legal payouts for which the insured would be responsible if found legally liable. Intentional damage and contractual liabilities are typically not covered in these types of policies.
Does a small home-based baker or food processor selling to family, friends and at farmers markets or community fairs/flea markets need liability insurance. Absolutely!
Liability insurance is important for anyone who may be held legally liable for the injuries of others, especially business owners (that's you). A product manufacturer may purchase product liability insurance to cover them if a product is faulty and causes damage to the purchasers or any other third party. Business owners may purchase liability insurance that covers them if an employee is injured during business operations, for example if you hire your cousin Bill to do the heavy lifting when delivering those amazing beautiful wedding cakes.
One type of insurance coverage that should be considered by all home-based bakers and food manufacturers/processors is "Food Product Liability" coverage. This type of coverage should provide coverage in the event the insured food product injures the person who consumes it. Most retail outlets or locations such as a Farmers Market require that food products have a $1 million to $2 million policy before you will be allowed selling your products. Additional coverage requirements may also be requested.
For example, a retail vendor does not have to allow you to sell your products in their establishment even if you do have the required insurance; plus providers of food product liability insurance may be reluctant to provide you with a policy quote because you are not selling a standard rate of food products. In this case, the provider may prefer to give an estimate which requires very specific information about your products and your business characteristics.
Don't be surprised if a company requires you to complete an application and submit the businesses' production, distribution and marketing plans, all of which may be null and void if you are a new home-based baker with no clue of what type of business or how much business you will be doing. The bottom line is product and business liability insurance is essential if you are going to operate a legitimate business in America.
Pregnancy Pointers Regarding Medical Insurance
For most women, health insurance maternity becomes problematic only when they find those two red lines on their home pregnancy kits. Unfortunately, this is a terrible time to find that a woman has taken her maternity coverage for granted.
Women of child-bearing age should be concerned about getting health insurance for maternity, unless of course they have entirely given up on the chance of pregnancy for one reason or another. Nevertheless, those who can still get pregnant at any time ought to think about the advantages of medical coverage for their pregnancy, which normally lowers the price of pregnancy.
Browse for health insurance maternity ahead of conception
Consider maternity insurance and build a plan before you even get pregnant. This blessing may be a while away, but if there is even a small possibility that you are going to get pregnant in the future, then purchasing a maternity insurance now would be cheaper. Pregnancies usually include monthly prenatal checkups, vaccinations and hospital visits and if these are not covered by your health insurance then you may find yourself with some financial problems. It will take from $10,000 to $20,000 to take care of an expectant mother and that amount does not even include so many other expenses involved in child bearing. The only way you can enjoy your pregnancy is if you are confident that your expenses are covered for your prenatal doctor visits up to the time you are set to give birth.
Search for medical insurance maternity online
The easiest and most productive way to look for pregnancy medical insurance is via the internet. Many insurance providers have their own websites so it is easy for you to build a list of these health insurance maternity companies and contrast their premiums versus coverage. You can get free quotes from these online insurance companies without committing to anything at all. If you are not content with writing emails back and forth, then it is likewise possible to contact a customer service representative who can answer all of your queries.
Check state, employer rule on health insurance maternity
Check out if your state offers maternity insurance for women who are in the low-income bracket. If you are qualified then you just might be able to receive some benefits to make your pregnancy easier on you financially. If you are employed, then look into the policy your employer offers on maternity benefits for employees. Normally, businesses offer maternity insurance coverage to employees who have worked in the company for a specified period of time prior to pregnancy.
If you have plans to get pregnant in the future, then this is the best time to look for a company that provides health insurance maternity benefits. This will give you more time and freedom to pick the coverage provider which can respond to your maternity health needs.
If you are checking medical coverage maternity tips because you are already pregnant, then there is a high chance that you might not be able to get any coverage whatsoever, unless your employment qualifies you for maternity insurance. Nevertheless, these tips will be helpful not only now, but even the next time you get pregnant as well.
Women of child-bearing age should be concerned about getting health insurance for maternity, unless of course they have entirely given up on the chance of pregnancy for one reason or another. Nevertheless, those who can still get pregnant at any time ought to think about the advantages of medical coverage for their pregnancy, which normally lowers the price of pregnancy.
Browse for health insurance maternity ahead of conception
Consider maternity insurance and build a plan before you even get pregnant. This blessing may be a while away, but if there is even a small possibility that you are going to get pregnant in the future, then purchasing a maternity insurance now would be cheaper. Pregnancies usually include monthly prenatal checkups, vaccinations and hospital visits and if these are not covered by your health insurance then you may find yourself with some financial problems. It will take from $10,000 to $20,000 to take care of an expectant mother and that amount does not even include so many other expenses involved in child bearing. The only way you can enjoy your pregnancy is if you are confident that your expenses are covered for your prenatal doctor visits up to the time you are set to give birth.
Search for medical insurance maternity online
The easiest and most productive way to look for pregnancy medical insurance is via the internet. Many insurance providers have their own websites so it is easy for you to build a list of these health insurance maternity companies and contrast their premiums versus coverage. You can get free quotes from these online insurance companies without committing to anything at all. If you are not content with writing emails back and forth, then it is likewise possible to contact a customer service representative who can answer all of your queries.
Check state, employer rule on health insurance maternity
Check out if your state offers maternity insurance for women who are in the low-income bracket. If you are qualified then you just might be able to receive some benefits to make your pregnancy easier on you financially. If you are employed, then look into the policy your employer offers on maternity benefits for employees. Normally, businesses offer maternity insurance coverage to employees who have worked in the company for a specified period of time prior to pregnancy.
If you have plans to get pregnant in the future, then this is the best time to look for a company that provides health insurance maternity benefits. This will give you more time and freedom to pick the coverage provider which can respond to your maternity health needs.
If you are checking medical coverage maternity tips because you are already pregnant, then there is a high chance that you might not be able to get any coverage whatsoever, unless your employment qualifies you for maternity insurance. Nevertheless, these tips will be helpful not only now, but even the next time you get pregnant as well.
Getting Denied For Health Insurance is Easy
Today shopping for individual private health insurance online is fairly simple. Simply type the keywords "health insurance" on any major search engine such as Google, Yahoo, or MSN and you are virtually guaranteed to come across a multitude of websites with designer custom made plans. However, too often consumers who are simply weighing their options forget the bigger picture. It's called medical underwriting. Medical underwriting is a process in which an insurer will evaluate under what terms and provisions they will insure an applicant if at all. Many times shoppers spend months trying to find the perfect benefit plan for the best price only to find out the plan they applied for came back after they submitted the application with a much higher price than anticipated or worse, they were declined coverage altogether and now cant get individual health insurance because they passed up what their employer offered.
Getting approved for individual health insurance coverage is not so easy.
If you had group insurance offered by your employer for most of the time you had coverage and this is the first time shopping for individual private health insurance, do your self a favor don't just shop to get a feel for the market, take the next step and apply. Applying for coverage is the only real way you will really know what offer will be given to you and under what terms or price. Consult with a knowledgably licensed insurance agent who is familiar with the medical underwriting guidelines of the major medical insurance carriers offering the coverage you seek and begin to initiate the application process. All insurance carriers on the individual market will require an application to be complete with the first month's premium deposit for consideration. The reason why insurers request this deposit is to ensure the applicant is serious about applying since they will incur administrative cost to determine if they will insure you or not, however some insurers will only withdraw funds if your approved while others will take the first months premium deposit and refund you if you decline their offer or if you are declined coverage altogether. Basically the entire process is two fold while you are considering them they are considering you.
There are many reasons why an insurer will come back with a much higher price than anticipated in regards to the benefits you apply for or decline the application altogether. Here are just a few common examples.
Height and Weight: The physical condition of a proposed insured is of basic significance in underwriting. One of the determinants of physical condition is build. Build includes height, weight, and distribution of the weight. Experience has shown that being overweight increases the likelihood of death or sickness at all ages so for an insurer to justify the cost they will raise your rate accordingly if accepted.
High Blood Pressure: Hypertension or High Blood Pressure is an intermittent or sustained elevation of diastolic or systolic blood pressure. Hypertension is a major cause of stroke, cardiac disease, and renal failure. Complications occur late in the disease and can attack any organ system. Cardiac complications include coronary artery disease, angina, myocardial infarction, heart failure, arrhythmias, and sudden death. Neurologic complications include cerebral infarctions and hypertensive encephalopathy. Hypertensive retinopathy can cause blindness or glaucoma. Reno vascular hypertension can lead to renal failure. Just because it is controlled does not mean an insurer will accept you, also any combination of High Blood Pressure, High Cholesterol, and Obesity almost always result in a decline with most carriers or at least a very high premium. The reason for all of this is from the insures point of view at very best you will create medical expenses in the form of diagnostic test, assessments, treatment, medication or at worst heart attacks and kidney transplants costing lots of money.
Smoking: When an individual uses tobacco in any form, whether it involves chewing, dipping, or smoking cigarettes, cigars, and a pipe, is an important risk factor by itself. In the past smoking or other tobacco use was considered in underwriting, but only rarely as a factor of importance by itself. For example, if a person had a respiratory problem and smoked, the underwriting decision might be less favorable than for an otherwise similarly situated non smoker. Smoking unaccompanied by any other negative factor however, was not a cause for a less favorable rating and continues to be ignored as a factor in many markets worldwide. Insurers now understand that smoking and any other tobacco use, even in the absence of any other negative factor, causes expected mortality and morbidity to be worse than average and the degree of variation is of such significance as to warrant separate classification. So important is this factor that the average female smoker can be expected to pay almost double the rate of the same non smoking male of the same age.
Occupation: Occupational hazards are not as important today as they were in the past, although in certain cases they can be. They may increase the risk in at least three different ways. First, the occupation may present an environmental hazard, such as exposure to violence, irregular living, or a temptation to experiment with drugs or overindulge in alcohol. Second, the physical conditions surrounding an occupation can have a bearing upon health and longevity, as in the case of persons who work in close, dusty, or poorly ventilated quarters or are exposed to chemical toxins. Finally there is the risk from accident, such as is faced by professional automobile racers, crop dusters, and scuba divers. An individual who has recently changed from a hazardous occupation to a safer form of employment must be underwriting carefully, as he or she may still retain ill effects from the earlier job or because the change may have been prompted by a health factor. It is common to see increased premium rates for bartenders, telemarketers, tattoo artist, truck drivers, actors, singers, artist, and servers to name a few if they get accepted at all.
Alcohol and Drugs: Information is usually sought regarding the proposed insured's use of habit forming drugs and intoxicating beverages. Excessive alcohol use is associated with higher than standard mortality and morbidity meaning increased likelihood of death or sickness. If the individual applying for coverage uses alcoholic beverages in large amounts, he or she may be declined or offered substandard insurance while having to pay more to receive benefits, depending on the degree of usage. Use of alcohol in moderation is considered normal. Use of drugs not prescribed by a physician or drug abuse may call for a declination depending on the type of drug. A history of misuse or unsupervised use may require an extra rate increase depending upon the length of time since the drug or drugs were used, the nature of the treatment given, and whether there has been participation in a continuing support program such as Alcoholics Anonymous
Hazardous Sports and Avocations: Persons with a higher standard of living and searching for new ways to spend their leisure time often resort to hobbies and avocations. Such activities as scuba diving, mountain climbing, competitive racing, hand gliding, and sky diving clearly can involve a significant additional hazard to be considered in the underwriting process. If a hazard causes increased expected mortality and the individual is insurable on some basis, he or she usually is charged a flat extra premium commensurate with the risk. A rider excluding death or hospital expenditures resulting from participation in the hazardous activity may be employed occasionally. Also, riders excluding coverage for accidental injuries caused by football, basketball, or baseball players are not uncommon.
Anything: For those that think you are perfectly healthy, you are in for a big surprise. Even if you were never officially diagnosed with an uninsurable medical condition and by the way the list is endless, if you have not had coverage for some period of time a paramedical examination will have to be performed and insurers will be evaluating the test results very closely. Special attention will be given to the liver enzymes such as bilirubin, certain pressures in the kidneys such as the glomerular filtration rate which measures the rate of clearance of waste toxins you are capable of removing from your body and certain proteins in the body such as albumin. There really is not enough room within the scope of this writing to cover everything but it is important that you understand the reasons an insurer will decline your application or make you pay much more than anticipated is unlimited.
As a final note: The best advice I could give to consumers considering individual health insurance coverage is to avoid trying to do it yourself and instead seek the services of a licensed professional insurance agent who is not a captive agent working primarily with one carrier but is appointed with many carriers so he or she can place you with the carrier who will issue the coverage you seek with the price you can afford. Just remember you really don't know what you get until you apply. If you are accepted and you don't like the offer the insurer offered you, you can simply refuse and get refunded your fist month's premium as long as you are within your free look period as mandated by applicable state and federal law.
For those of you still not ready to apply but need more questions answered please feel free to login to our website at and register your information and one of our consultants will be happy to assist you even if you are not yet ready to apply. At the very least by speaking with one of our consultants you will have a more accurate picture of what will happen whenever you are ready to initiate the health insurance application process with the insurance carrier you select.
Getting approved for individual health insurance coverage is not so easy.
If you had group insurance offered by your employer for most of the time you had coverage and this is the first time shopping for individual private health insurance, do your self a favor don't just shop to get a feel for the market, take the next step and apply. Applying for coverage is the only real way you will really know what offer will be given to you and under what terms or price. Consult with a knowledgably licensed insurance agent who is familiar with the medical underwriting guidelines of the major medical insurance carriers offering the coverage you seek and begin to initiate the application process. All insurance carriers on the individual market will require an application to be complete with the first month's premium deposit for consideration. The reason why insurers request this deposit is to ensure the applicant is serious about applying since they will incur administrative cost to determine if they will insure you or not, however some insurers will only withdraw funds if your approved while others will take the first months premium deposit and refund you if you decline their offer or if you are declined coverage altogether. Basically the entire process is two fold while you are considering them they are considering you.
There are many reasons why an insurer will come back with a much higher price than anticipated in regards to the benefits you apply for or decline the application altogether. Here are just a few common examples.
Height and Weight: The physical condition of a proposed insured is of basic significance in underwriting. One of the determinants of physical condition is build. Build includes height, weight, and distribution of the weight. Experience has shown that being overweight increases the likelihood of death or sickness at all ages so for an insurer to justify the cost they will raise your rate accordingly if accepted.
High Blood Pressure: Hypertension or High Blood Pressure is an intermittent or sustained elevation of diastolic or systolic blood pressure. Hypertension is a major cause of stroke, cardiac disease, and renal failure. Complications occur late in the disease and can attack any organ system. Cardiac complications include coronary artery disease, angina, myocardial infarction, heart failure, arrhythmias, and sudden death. Neurologic complications include cerebral infarctions and hypertensive encephalopathy. Hypertensive retinopathy can cause blindness or glaucoma. Reno vascular hypertension can lead to renal failure. Just because it is controlled does not mean an insurer will accept you, also any combination of High Blood Pressure, High Cholesterol, and Obesity almost always result in a decline with most carriers or at least a very high premium. The reason for all of this is from the insures point of view at very best you will create medical expenses in the form of diagnostic test, assessments, treatment, medication or at worst heart attacks and kidney transplants costing lots of money.
Smoking: When an individual uses tobacco in any form, whether it involves chewing, dipping, or smoking cigarettes, cigars, and a pipe, is an important risk factor by itself. In the past smoking or other tobacco use was considered in underwriting, but only rarely as a factor of importance by itself. For example, if a person had a respiratory problem and smoked, the underwriting decision might be less favorable than for an otherwise similarly situated non smoker. Smoking unaccompanied by any other negative factor however, was not a cause for a less favorable rating and continues to be ignored as a factor in many markets worldwide. Insurers now understand that smoking and any other tobacco use, even in the absence of any other negative factor, causes expected mortality and morbidity to be worse than average and the degree of variation is of such significance as to warrant separate classification. So important is this factor that the average female smoker can be expected to pay almost double the rate of the same non smoking male of the same age.
Occupation: Occupational hazards are not as important today as they were in the past, although in certain cases they can be. They may increase the risk in at least three different ways. First, the occupation may present an environmental hazard, such as exposure to violence, irregular living, or a temptation to experiment with drugs or overindulge in alcohol. Second, the physical conditions surrounding an occupation can have a bearing upon health and longevity, as in the case of persons who work in close, dusty, or poorly ventilated quarters or are exposed to chemical toxins. Finally there is the risk from accident, such as is faced by professional automobile racers, crop dusters, and scuba divers. An individual who has recently changed from a hazardous occupation to a safer form of employment must be underwriting carefully, as he or she may still retain ill effects from the earlier job or because the change may have been prompted by a health factor. It is common to see increased premium rates for bartenders, telemarketers, tattoo artist, truck drivers, actors, singers, artist, and servers to name a few if they get accepted at all.
Alcohol and Drugs: Information is usually sought regarding the proposed insured's use of habit forming drugs and intoxicating beverages. Excessive alcohol use is associated with higher than standard mortality and morbidity meaning increased likelihood of death or sickness. If the individual applying for coverage uses alcoholic beverages in large amounts, he or she may be declined or offered substandard insurance while having to pay more to receive benefits, depending on the degree of usage. Use of alcohol in moderation is considered normal. Use of drugs not prescribed by a physician or drug abuse may call for a declination depending on the type of drug. A history of misuse or unsupervised use may require an extra rate increase depending upon the length of time since the drug or drugs were used, the nature of the treatment given, and whether there has been participation in a continuing support program such as Alcoholics Anonymous
Hazardous Sports and Avocations: Persons with a higher standard of living and searching for new ways to spend their leisure time often resort to hobbies and avocations. Such activities as scuba diving, mountain climbing, competitive racing, hand gliding, and sky diving clearly can involve a significant additional hazard to be considered in the underwriting process. If a hazard causes increased expected mortality and the individual is insurable on some basis, he or she usually is charged a flat extra premium commensurate with the risk. A rider excluding death or hospital expenditures resulting from participation in the hazardous activity may be employed occasionally. Also, riders excluding coverage for accidental injuries caused by football, basketball, or baseball players are not uncommon.
Anything: For those that think you are perfectly healthy, you are in for a big surprise. Even if you were never officially diagnosed with an uninsurable medical condition and by the way the list is endless, if you have not had coverage for some period of time a paramedical examination will have to be performed and insurers will be evaluating the test results very closely. Special attention will be given to the liver enzymes such as bilirubin, certain pressures in the kidneys such as the glomerular filtration rate which measures the rate of clearance of waste toxins you are capable of removing from your body and certain proteins in the body such as albumin. There really is not enough room within the scope of this writing to cover everything but it is important that you understand the reasons an insurer will decline your application or make you pay much more than anticipated is unlimited.
As a final note: The best advice I could give to consumers considering individual health insurance coverage is to avoid trying to do it yourself and instead seek the services of a licensed professional insurance agent who is not a captive agent working primarily with one carrier but is appointed with many carriers so he or she can place you with the carrier who will issue the coverage you seek with the price you can afford. Just remember you really don't know what you get until you apply. If you are accepted and you don't like the offer the insurer offered you, you can simply refuse and get refunded your fist month's premium as long as you are within your free look period as mandated by applicable state and federal law.
For those of you still not ready to apply but need more questions answered please feel free to login to our website at and register your information and one of our consultants will be happy to assist you even if you are not yet ready to apply. At the very least by speaking with one of our consultants you will have a more accurate picture of what will happen whenever you are ready to initiate the health insurance application process with the insurance carrier you select.
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