How To Deal With Your Auto Insurance Company

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Disputes, especially when it comes to settling insurance claims, are not new scenarios. In fact, they take place every day. Just what causes these disputes? Well, one of the obvious reasons is most policy holders think that they deserve to be paid a larger settlement than what they receive. Second, claims are slow to process. And third, claims are denied.

There are various ways to deal with your auto insurance company. First, is the aggressive approach, which I am not encouraging since I am a peace-loving individual, and believe that everything should be settled in a peaceful and civilized manner. There are actually several peaceful options which a policyholder may undertake depending on the degree of insurance dispute.

For cases wherein your insurance agent is unable to solve your problem, it is advised to get the name and then the phone number of your insurance company’s claims department. Afterwards, call the consumer complaint department and never hesitate to tell them your problem because they may be able to help you. And don’t forget to get the name of the person whom you talked with in the consumer complaint department.

The next step is to send all documents to the consumer complaint department to back up your complaints. Send it to the person whom you talked with in the consumer complaint department. But be sure not to send the original copies of your documents. Have your documents photocopied because you need the original copies in case you have to take the matter to court.

Another option that you have is to ask for reassessment of your claims from the appraisal service or the arbitration service of your insurance company. If the result still has not satisfied you there is always your own state’s insurance department that may be able to help you.

However, if you still feel that you have not been given a satisfying solution to your insurance problem you may call 1-800-942-4242 which is a toll free consumer information service that is sponsored by the insurance industry. They have trained personnel that are available to assist and answer queries relating to various auto insurance complaints. They are available Monday to Friday, from 8:00 am to 8:00 pm.

Nevertheless, if you still feel that after you have applied all the above-mentioned options and yet you feel that you have not been given the appropriate solution you want, you can always take the matter to court. You can hire a lawyer, preferably one who is an expert in handling auto insurance cases.

There are many qualified lawyers out there who may be able to help you. According to studies, insurance claims have a much better chance of being settled if it is done with the assistance of an auto insurance expert lawyer. This is because your auto insurance lawyer knows every miniscule detail there is to know regarding auto insurance claims. Protect your rights; hire an auto insurance lawyer to help you.
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Medicare

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Medicare is a governmental program which provides medical insurance coverage for retired persons over age 65 or for others who meet certain medical conditions, such as having a disability.

Medicare was signed into legislation in 1965 as an amendment to the Social Security program and is
administered by the Center for Medicare and Medicaid Services (CMS) under the Department of Human Services.

Medicare provides medical insurance coverage for over 43 million Americans, many of whom would have no medical insurance. While not perfect, the Medicare program offers these millions of people relatively low cost basic insurance, but not much in the way of preventative care. For instance, Medicare does not pay for an annual physical, vision care or dental care.

Medicare is paid for through payroll tax deductions (FICA) equal to 2.9% of wages; the employee pays half and the employer pays half.

There are four "parts" to Medicare: Part A is hospital coverage, Part B is medical insurance, Part C is supplemental coverage and Part D is prescription insurance. Parts C and D are at an added cost and are not required. Neither Part A nor B pays 100% of medical costs; there is usually a premium, co-pay and a deductible. Some low-income people quality for Medicaid, which assists in paying part of or all of the out-of-pocket costs.

Because more people are retiring and become eligible for Medicare at a faster rate than people are paying into the system, it has been predicted that the system will run out of money by 2018. Health care costs have risen dramatically, which adds to the financial woes of Medicare and the system has bee plagued by fraud over the years.

No one seems to have a viable solution to save this system that saves many people throughout the country.
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Getting Cheap Auto Insurance for Your Son

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Picture it... 2006 Your teenage son has just obtained his drivers license and you as a parent are now faced with the task of finding cheap auto insurance to cover him and protect you both.

Insurance premiums can vary dramatically. Keep reading to find how to you can find a good cheap auto insurance policy.

Let's face it. At this age, your teenager hasn't had the experience necessary for insurance companies to consider them anything but a high risk. But there are a few things you can do to find good cheap insurance and help keep your premiums down.

Knowledge is power. And it's our responsibility as parents to pass on this knowledge to our children.

Driver Safety
The first and most important thing you as a parent need to stress to your newly licensed teenager is the importance of safety. Lack of safety is the cause of too many unnecessary deaths in the United States and other countries every year.

If you can't impart this information to them, send them to a driving school where they can learn from professionals. Most highschools offer their students a drivers education class.

Clean Driving Record
Your teenagers driving record will have a direct impact on the cost of your insurance premiums. With no violations or accidents, the premiums will decrease over time.

Type of Vehicle
If your teenager wants a 2 door red sport about, be prepared to pay a hefty increase in premiums. Cars with 2 doors are considered sports cars and stastics show us that red cars are involved in more accidents than any other color. Cheap auto insurance may not be an option for you with this choices.

Safety Features
Choose a vehicle that is rich in safety features and well built to help reduce your costs.

Deductables
You can also reduce your rates by selecting a higher deductable. Generally the higher the deductable, the lower the monthly premium.

Discounts
When you're searching for cheap auto insurance and getting quotes from various companies, find out what discounts are available for things like, multiple car policies, drivers education credits, defensive driving coarses completed and clean driving records. The competition in the automobile insurance industry is fierce. Some companies are willing to offer bigger discounts than others.

Finding Cheap Auto Insurance Online
The easiest way to zero in on a company who offers cheap auto insurance is to get quotes from more than one company and compare their offers. Esurance.com and Insurance.com are two great places to do this.

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Car Insurance Basics

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Car insurance is basically insurance that drivers can purchase for any kind of vehicle in order to protect against losses sustained in traffic accidents.  Auto insurance policies are, in reality, a bundle of different coverages.  This insurance will usually cover the insured party, the insured motor vehicle, and any third parties involved.  Different policies will identify the situations in which each of these entities is covered.

Below are the specific coverages involved when you purchase car insurance.

- Liability Insurance: Liability coverage is the most basic and foundational coverage in car insurance policies and is required in most states.  This coverage ensures that if you are the one at fault in an accident, your liability insurance will pay for the physical injury and property damage expenses of any third parties involved.  This coverage includes legal bills.  Remember that third parties can sue you for “pain and suffering” damages.  Minimum insurance may not sufficiently cover you in more extreme cases, which is why many people recommend that drivers purchase more than the state minimum required.  Liability coverage limits are usually conveyed with three numbers.  For example, liability limits of 20/50/10 indicate that there is coverage of $20,000 in bodily injury coverage per person, $50,000 in bodily injury coverage per accident, and $10,000 in property damage coverage per accident.

- Collision Coverage:  In the case that you are in an accident, collision insurance will pay for the repairs that your vehicle requires.  Collision coverage is usually the most expensive coverage that you will have to pay for.  Insurance companies will declare a vehicle “totaled” or a “write-off” if the replacement would be cheaper than the repairs needed.

- Comprehensive Coverage:  This coverage will pay for any damages to an automobile that were not caused by an accident.  Qualifying damages include damages arising from carjackings, vandalism, natural disasters, and hitting an animal.

- MedPay, PIP, and No-Fault Coverages:  MedPay will pay for the medical expenses of you and anyone else in your car after an accident, regardless of whose fault the accident was.  PIP (Personal Injury Protection) and “no-fault” coverages are other forms of medical payment protection.  They are broader than MedPay and may be required in certain states.  These expanded coverages cover child care and lost wages.

- Uninsured and Underinsured Motorists Coverages:  UM (Uninsured Motorists) coverage will pay for injuries you have sustained if you are involved in a hit-and-run by a driver who does not have auto insurance, and is mandatory in many states.  UIM (Underinsured Motorists) coverage will pay for you if the driver who hit you creates more damage than their liability insurance can cover.

- Supplemental Coverages:  Rental reimbursement is an add-on that will cover rented vehicles in case of damage or theft.  Auto replacement coverage ensures that your automobile will be fully repaired for replaced even if the costs are more than its depreciated value.  Coverage for towing and labor covers you in case of an auto failure on the road where towing is necessary.  These supplemental coverages are usually offered as separate items or included in larger policies.
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Finding cheap online auto insurance

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Automobile car insurance is something that we all need and should command careful consideration. When in the market for auto insurance coverage, and with so many car insurance companies to choose from, it can be a bit confusing when trying to decide on the best and most affordable coverage for your vehicle. With the convenience of the internet, finding all the information required to get the best deals and rates can easily be accomplished online.

Finding a reputable auto car insurance company is a job within itself, and like buying a home, it is imperative you clearly understand what you are getting.  When in search of cheaper car insurance rates you should take into account all the factors that can affect your car insurance premiums. So before you sign on the dotted line, read the fine print of Automobile Insurance Policy to insure you are getting the necessary coverage to protect yourself.  It happens time and time again, when the car owner gets into an accident or fender bender, the coverage they thought they were paying for is not part of their policy which can lead to out-of-pocket expenses.

Get several car insurance quotes

Some key factors when shopping for cheap car insurance is to first make sure you get at least three or four quotes since the price you pay for your car insurance can vary by hundreds of pounds. Finding cheaper insurance rates depends on your previous driving records, to include any type of infraction such as speeding, seat belt and auto accidents. Age, gender and the type of car you are seeking auto insurance coverage on including the age of the vehicle, will clearly be critical factors in determining your annual car premiums.

It is equally important to find a car insurance company that can answer any questions you may have and how quickly they handle claims fairly and efficiently. Once you decide on a quote you are satisfied with, before agreeing to anything check with your state insurance department about the company’s history. Finding out the financial well-being of an insurable institution and the number ratio of consumer complaints, could avoid headaches or any future regrets. 

Learn the facts about car insurance

Some other ways of saving money is to ask your insurance broker or agent for a higher deductible. The deductive is the amount of money you pay before the insurance company pays out on your claim. The purpose of requesting a higher deductible can lower your auto rates substantially.  When you increase the deductible from £500 to £1,000 you can potentially save you over 40% on your car insurance rates simply because the insurance company will pay out less for your claim. However, if you know that you can not pay out the higher deductible should something happen to your car in the instance of an accident, and then it is best to remain at a lower deductible.

When figuring out the appropriate insurance coverage for your car, take into account the age of the car. This could also influence your auto premium, for example you may want to consider excluding the collision or comprehensive coverage on an older car. It is not cost saving to yourself when you continue to pay full coverage on a car worth less than amount you pay for your insurance coverage.  If the car has a market value of £2,000 or less, you would not want to pay more in premiums since you will never get back what you are paying out.

You can easily find out the current market value of your car in order to find out what coverage you will require from a number of valued sources such as banks, auto dealerships, or go online and use the search term, “finding the value of your vehicle”. You can find several reputable services such as, www.kbb.com or www.nadaguides.com where all you have to do is type in the applicable information about your car and instantly you will have the market value. As the saying goes, an educated consumer is a smart consumer, the more you understand prior to purchasing auto insurance, you will be able to make an informed and valued decision.
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What To Do To Keep The Rates Down

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Automobile insurance is one of those things in the budget that is always going to be there. There are very few places in America that permit you to drive vehicles without insurance and so it behooves each and every one of us to get a better handle on our own auto insurance coverage. The industry is changing a bit because the competition is strong. There are new and creative auto policies on the market today. The trend that has gained the most momentum is the self-insuring concept. Higher deductibles is the weapon that the customer can use to lower rates significantly. Higher deductibles means that the policyholder has decided to take on more of the risk for the automobiles insured. The day of low collision deductibles is all but gone. Lower deductibles no longer warrant the high premiums. There is too much money to be saved with higher deductibles.

Lowering the Rates for Young Drivers

Young drivers on newer vehicles that have a lien holder’s interest will raise the auto rate significantly. The collision and comprehensive rates for drivers under 21 years of age are very high. A young driver on an older vehicle without the collision and comprehensive coverage will lower the rate significantly. There are discounts for young drivers who have completed a qualified drivers training course. Some companies have good student discounts on students with a grade point average of 3.0 or better. When the young driver reaches 21 the rates begin to drop for most companies.

Senior Citizen Discounts – Most companies have discounts for people age 55 and older who are retired or work less than 20 hours a week. There are mature driving courses that can also give the senior citizen a discount.

Multi-Policy Discount – This discount is available when you insure both your auto and home with the same insurance company.

Tort Options – Some companies offer discounts for a limited tort option. Tort is your ability to sue for pain and suffering. Limited tort rates in some states reduce the overall premium of the policy up to 30%. Ask your insurance company about the tort options in your state.
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For Your Protection

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As noted above, federal criminal and civil penalties can be imposed against anyone who sells you a policy that duplicates coverage you already have unless you sign a statement declaring that the first policy will be cancelled, or unless you have Medicaid and the state Medicaid agency pays the premium for your Medigap policy. Penalties may also be imposed for claiming that a policy meets legal standards for federal certification when it does not, and for using the mail for the delivery of advertisements offering for sale a Medigap policy in a state in which it has not received state approval.

Additionally, it is illegal under federal law for an individual or company to misuse the names, letters, symbols or emblems of the U.S. Department of Health and Human Services, the Social Security Administration, or the Health Care Financing Administration. It also is illegal to use the names. letters, symbols or emblems of their various programs.
This law is aimed primarily at mass marketers who use this information on mail solicitations to either imply or claim that the product they are selling whether it be insurance or something else—has either been endorsed or is being sold by the U.S. government. The advertising literature used by these organizations is often designed to look like it came from a government agency.

If you believe you have been the victim of any unlawful sales practices, contact your state insurance department immediately. If you believe that federal law has been violated, you may call 1-800-638-6833. In most cases, however, your state insurance department can offer the most assistance in resolving insurance related problems.
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Save On Premiums!

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Everyone has to agree to an excess of some kind when getting a car insurance policy – it's the way the system works. Basically it means that if you have an accident and your car needs to be repaired, you will have to pay a set amount towards the bill. If the accident is your fault, you lose the money. If the accident is not your fault, the third party insurer reimburses you for the excess payment. If your car is written off, then your insurance company will deduct your excess from the settlement payment.

Things aren't always that simple however, unfortunately there are a number of drivers on British roads that don't have any insurance, so the question is, what happens with your claim if you have an accident with an uninsured driver?

The 1988 Road Traffic Act, section 143 clearly states that all drivers on the UK roads must have insurance for the vehicle that they are driving. The point of the insurance is that if you have an accident and it is your fault, you have the means to cover the cost of the damage incurred by way of your insurance policy. It's a sad fact that a significant minority of drivers choose not to bother with insurance, disregarding UK law and saving themselves hundreds of pounds a year as a consequence. Someone has to pay for these drivers though, and it's the people that do have insurance that foot the bill!

The Department of Transport estimates that as many as 5% of drivers are not insured on the vehicle which they are driving. Statistics also show that uninsured drivers are more likely to be involved in an accident. It's a growing trend and is proving very difficult to eradicate.

If you have an accident, you are not at fault, and the third party is not insured, then you will be reimbursed by the Motor Insurers' Bureau. Who funds them? The car insurance industry! That's where some of your inflated premiums end up. You will also find that you'll have to pay the agreed excess yourself, there will be no-one able to refund that for you.

Here's the low-down on the basics about ‘excess':

Compulsory Excess – this is the amount that the insurance company regards as the minimum amount that you must pay towards the cost of damages . This is agreed at the outset and depends on a few details you're your age and your driving record. For example, if you are older and have a clean driving record, you could only have to pay a minimum of £50. Those with a more chequered driving history, or those that have not been driving for very long, could feasibly have to agree to pay £500. The average for most drivers is £100 .

Voluntary Excess – this is the amount over and above the minimum ‘compulsory' amount set by the insurer that you are prepared to pay. This is an opportunity to lower your premiums, because if you can agree to a high excess, then the insurance company knows it won't have to pay out as much if you need to make a claim. It's one of the few sure fire ways of saving a few pounds on a car insurance policy, but you may not be offered the choice, it depends on individual insurers.

The garage won't give my repaired car back until I give them a cheque for the excess – is this what usually happens?

This is completely normal, and you will have to pay and then get the money back from the third party insurer. Always give the car a good once over to ensure that the repairs have been satisfactorily completed. You also need to keep the receipt to get the excess back from the insurer, and just in case they dispute the charges, get a copy of the repair schedule so the insurer can see exactly what work was completed on your vehicle.
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Catastrophic Health Insurance Coverage

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A catastrophic or major medical insurance plan is a deductible and comparatively cheaper form of health insurance with an element of speculation to it.  A deductible is the amount you pay out of your pocket for medical expenses before the insurer pays the balance. For instance, if your deductible is £5,000 and the hospital bill is £12,000, the insurance company will pay only £7,000. The general rule is the higher the deductible, the lower the premium. When you opt for this plan, you're gambling that you will not face major medical problems in the near future.   

It is a calculated risk. According to one survey, the annual medical expenses of 90% of the U.S. population are less than £2000; for 73%of the population, it is below £500. 

Two groups that normally opt for catastrophic health insurance are young people in their twenties who are confident of their health condition, and older men between fifty and sixty-five who are still waiting for Medicare eligibility.

Catastrophic health insurance coverage is only meant to protect against major hospital charges and not routine medical expenses. It normally does not cover maternity care, doctor’s visits and prescription drugs. Certain pre-existing medical conditions and cases involving mental health and substance abuse are usually excluded from the coverage. A catastrophic health insurance policy can be purchased as an individual plan or as part of a group plan. In fact, there appears to be a trend among employers to encourage employees to opt for this type of medical cover. The maximum lifetime limit could be as high as £3 million.

Rates vary according to where you live and your age. In certain states, the saving on premiums could be two-thirds. For example, a 21 year old, non-smoking female may pay as little as £30 per month as a premium.

It is advisable to seek professional guidance from insurance companies andor agents and compare quotes before making a decision.
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Long-Term Care Insurance

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Nursing home and long-term care insurance are available to cover custodial care in a nursing home. Some of these policies also cover care in the home, and others are available to pay for care in a skilled nursing facility (SNF) after your Medicare benefits run out (see page 3 for an explanation of the Medicare benefit for skilled nursing facility care).

If you are in the market for nursing home or longterm care insurance, be sure you know which types of nursing homes and services are covered by the different policies available. And if you buy a policy, make sure it does not duplicate skilled nursing facility (SNF) coverage provided by any Medigap policy, managed care plan, or other coverage you have.
It is important to remember that custodial care (the type of care most persons in nursing homes require) is not covered by Medicare or most Medigap policies. The only care of this nature that Medicare covers is skilled nursing care or skilled rehabilitation care that is provided in a Medicare-certified skilled nursing facility.

For more information about long-term care insurance, request a copy of A Shopper’s Guide to Long-Term Care Insurance from either your state insurance department or the National Association of Insurance Commissioners, 120 W. 12th Street, Suite 1100, Kansas City, MO 64 105-1925. You may also obtain a copy of the Guide to Choosing a Nursing Home by writing to Medicare Publications, Health Care Financing Administration, 6325 Security Boulevard, Baltimore, MD 21207.
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Worldwide Travel Insurance

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Planning for a trip world wide? Looking out for an insurance to protect your travel and make your experience a memorable one? The cheapest rate in a policy will hold no meaning if it doesn’t properly cover your overseas travel needs. Choose a company that does not cut on the insurance cover but on the cost of insurance. They should provide you with round the clock emergency assistance as well as cover you for activities and sports you are interested in. Get started with your skiing, snowboarding or bungee jumping, experience the best vacation ever. Do not forget to get an insurance cover of worldwide travel insurance.

Seek provisions for extending your overseas stay. Online option makes it convenient to you if you decide to extend your overseas stay, the holiday insurance should be chosen to protect your holiday. After all every one hopes that we won't need the insurance but it is always best to have it. When you are in a foreign country and something goes wrong whether it is a stolen wallet or lost passport you really do not want to go alone. This is precisely why one opts for worldwide travel insurance for all overseas travel.

Medical cover: you can be covered for any medical assistance or hospitalization charges. While you are on a world tour then the mounting medical bills might cost you the earth and leave you penniless.

Concerns about your personal baggage, protect it from any kind of stealth or damage to your personal belongings. You, as a globe trotter could possibly be having such worries and may be on the lookout of a way out of this. It could be the fear of theft of cash and other ensuing problems.

 You plan your trip and relax let your travel insurance agent do the rest. You are going to be really relieved to have the insurance guy deal with things and see you have the funds etc to carry on with your trip and not have it ruined by some unforeseen problem. Your policy should be flexible enough as well as accommodate for any value that you might add during your holidays while making purchases. Independent insurance companies offer the cheapest source of obtaining cheap worldwide holiday insurance that provide for senior travelers, winter sports and globe trekkers low cost insurance.
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Travel Insurance Protects All Travellers From Risks!

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Any unexpected expenses during your travel abroad need to be preplanned well in advance. Travel insurance is indispensable when you are traveling to a foreign country, sometimes you are on your own and any unforeseen incidents such as accidents or illnesses will be borne by you wholly. With Travel insurance your medical expenses or any other unforeseen expenses will be covered.

It’s basically an agreement between a traveller and an insurance company by which an insurance company is obliged to cover all the losses that you may incur during the trip abroad. An insured person pays the premium either in single or multiple installments.

Which is the right time to get the travel insurance?

For frequent travelers there are more broad permanent travel insurances that protect you during all your trips that meet certain requirements. Such online travel insurance can be purchased directly from insurance companies but also from travel agents or travel companies.

What happens in case of pre-existing medical conditions?

Anyone with a serious pre-existing medical condition would find it tricky to attain a travel insurance. However, it’s not impossible, travel insurance companies exclude all claims related to pre-existing medical conditions. Some insurers will cover for pre-existing conditions without any additional premium. Other travel insurance companies may have a medical screening system, usually carried out over the telephone or online. You are asked a series of questions in order to assess the risk involved and to determine whether you can be given insurance, in such case you may have to pay an additional premium to cover the risk of pre-existing condition, or exclude any claims relating to risk.

What all am I covered for in such insurance?

The most common risks that are covered by travel insurance are flight delays, cancellations, limitations. Theft of luggage, delay or loss of personal possessions up to a certain amount when undeclared and up to any amount when declared and included in the policy is covered under such travel insurance. It will also cover for medical expenses whether due to illness or accident. This includes transportation to and from hospitals and clinics, physicians' fees, medications, etc.

In case of death, all funeral expenses, benefits of accidental death, will be covered by the insurance. Legal coverage such as legal fees, personal liability for accidents in case you are responsible for the accident and have to bear the injured person’s medical expense. Moreover, there are other risks for which insurance can be purchased jointly or separately from a regular travel insurance contract.

If you buy a travel package to a high risk destination, chances are that the policy will already contain those clauses, the same is applicable if you hire all the services needed to perform the high risk activities from the same agent. However, you should carefully read the policy before committing to anything and make sure that you are sufficiently protected.
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Buying life insurance: A Shopping Checklist

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When shopping for term life insurance, you want to find the right amount of insurance coverage at a reasonable price with a company you can trust. But for many people, getting started is the hardest part. That's where the following Life Insurance Checklist can help.

1. What you would like your policy to achieve?
Ask yourself what it is you want your life insurance to do. For example, do you want to have insurance coverage that will:

•    Pay funeral arrangements?
•    Pay the outstanding balance owing on a mortgage and other debts?
•    Offset the loss of your income? And if so, for how long?
•    Contribute to the future education of your children?
•    A combination of all or part of the above?

Knowing what you would like to accomplish with your life insurance policy and approximately how much you need to achieve these goals will help you determine how much life insurance you should consider purchasing. Online life insurance calculators are available to help you put a dollar value on the amount of coverage you need.

2. Who would you like to insure under the life insurance policy?
Most insurance companies offer a variety of life insurance products to suit your lifestyle and family needs. You can get an insurance policy on your own life, or you can get one policy for both you and your spouse (called a joint life insurance policy). The most common joint life policy provides coverage when the first partner dies, leaving the life insurance benefit to the surviving spouse.

3. How long will you need life insurance?
Consulting a psychic isn’t necessary, although it does require that you estimate the timing of your life insurance needs. For example:

•    When will your mortgage be paid off? The amortization period of your mortgage will often determine how long your term life insurance policy should be.
•    When will your children be finished school? One day they'll finish their education and having enough life insurance coverage to pay their educational expenses won't be necessary.
•    When are you planning to retire? You will have less income to replace at that time.

Knowing how long you’ll need life insurance coverage before you begin shopping will ensure you're comfortable with the life insurance product you end up purchasing. Online tools are available to help you figure out which term for your life insurance policy is most recommended for people with similar lifestyles.

So now that you've got the how much, who and how long questions answered, you’re ready to shop.

1. Compare life insurance quotes from multiple companies:
It pays to shop around because life insurance rates can vary considerably depending on the product you choose, your age, and the amount of coverage you request. This is the easy part, because with the Internet you can compare life insurance quotes easily, online, anytime.

2. Which life insurance rate has been quoted – standard or preferred?
There are two basic life insurance rate groups you should know about when shopping for life insurance coverage: standard rates and preferred. Standard life insurance rates are the rates the majority of Canadians qualify for, while about one third of the population is eligible for preferred rates.

Preferred life insurance rates are typically offered to very healthy people and means you may pay a smaller premium than most. Usually preferred rates are offered only once the results of the medical information and tests are known. It will depend on your blood pressure, cholesterol levels, height, weight, and family health history. But preferred rates are worth it. They could save you up to 30-35% off your quoted premium.

When comparing prices, make sure you're comparing 'standard to standard' or 'preferred to preferred' life insurance rates. If you're not sure, ask the broker. It would be disappointing to find out you were quoted preferred rates at the beginning, only to find out you don't qualify for them later.

3. Review the life insurance broker's availability:
How easily can you get a hold of the broker? What are their hours of operation? Whether it is through their website or telephone, the life insurance broker should be easily accessible to you should you ever have questions or need to speak to them about a change in your life insurance needs. Look for toll-free numbers and extended hours of service as guides.

4. Review the medical information required to obtain the policy:
Typically the more medical information you provide, the better the price. For a policy that asks few or no medical questions, you can bet the premium is higher for the same coverage then a plan asking for more information. Depending on the company, your age, and the amount of coverage you want, you could be asked to provide blood and urine samples. To obtain the samples, a nurse will visit at not cost to you.

5. Consider a life insurer's financial stability and strength:
A company's financial stability is something to consider if you are planning on making a long-term purchase like life insurance. There are organizations out there, like A.M. Best, that evaluate insurers and provide a rating on their stability and strength.

6. Ask about renewal options and requirements:
Once the initial premium is set, it is usually guaranteed for the length of the policy (often 10 or 20 years). But what happens when the policy expires? Most policies are renewable until you are 70 or 75 so don't forget to ask your broker if you will have to take a medical to renew your policy. While your premiums will be higher on renewal, find out if they will also be guaranteed to remain level for the second term of the policy.

7. Confirm the policy can be cancelled without penalty:
Most term life insurance policies can be cancelled at any time without penalty. Make sure to check with your broker to see if the life insurance company has any unusual cancellation policies.

8. Consider the conversion options and restrictions for the policy:
As your life changes so do your life insurance needs and you may want the option to convert your coverage some day.

To convert a term life insurance policy means to transfer all, or part of, the death benefit of the policy into a permanent life policy without a medical. For example, say you originally bought a term policy to protect a mortgage and child. Once the mortgage is paid and the child grown, you might find it desirable to convert the policy into one that will give you a new level premium for the rest of your life, and a death benefit that is guaranteed not to expire as you age.

When you purchase your life insurance policy, find out if there are any limitations on your age at the time of conversion. In most cases, you have the option of converting up until you are 60 or 65. As well, ensure you are given several options of the type of policies you can move into, the more the better.

Final tip – choose a life insurance broker you trust:
While it doesn't necessarily impact the type of policy you choose to purchase, a rapport with your broker is critical in feeling comfortable with the life insurance policy you buy and the information you've received.
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World Wide Travel Insurance!

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World wide travel insurance provides you with comprehensive and customised insurance package for any kind of emergency situation no matter what your age may be. Cheap travel insurance policies for a range of trip types and travel needs. Travel Insurance companies have a number of levels of travel insurance to suit the different insurance needs of our customers. Annual Multi Trip insurance policy offers cover for those who travel more than once a year, while Single Trip insurance policies can cover travel of up to 365 days.

Certain provisions are to be made in certain instances. In case you decide to extend your overseas stay, the holiday insurance should be able to adjust to your travel needs. Your policy should be flexible enough as well as accommodate for any value that you might add during your holidays while making purchases.

Such travel insurance offers single trip travel insurance cover for 1-12 months for people aged up to 99 years of age , get a quote online. Travel insurance protects you on medical emergencies, flight delay or cancellation, loss of baggage, trip cancellation insurance etc.


World wide Travel insurance can be used to cover the following:


Medical Insurance: covers all your medical and dental expenses. Look out for the procedures of reimbursement of the emergency expenses.

Flight Insurance: a life insurance that safeguards you from any plane crash, and keeps your dependents happy. Here’s where you get the least value for your money after all how often do planes actually crash?

Comprehensive travel Insurance : covers your airfare, car rentals, tour etc. better deal for travelers with less of the trip prepaid because coverage is the same regardless of the premium paid.

Interruption insurance and trip cancellation insurance - it covers losses you encounter when you cancel a prepaid tour of flight for an acceptable reason. It covers a host of reasons for cancellation from family sickness to weather that doesn’t a flight to occur. If you have an accident you’ll be flown home.

Trip Cancellation insurance: when you cancel a ticket or miss your flight due to delay, you will incur a loss of your flight charges. It covers a host of reasons for cancellation from family sickness to weather that doesn’t a flight to occur. If you have an accident you’ll be flown home.
Baggage Insurance: Your baggage insurance insures items such as jewelry, eye wear, electronics and photographic equipments. If the airline checked your baggage, it is covered by the airline not your rider.
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Student Travel Insurance – for your safety!

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Many student travellers overlook insurance, but it can be tremendously important, providing peace of mind for you and your family back home. Student Travel Insurance offers you a solace when you’ve planned to travel abroad.  Most policies provide insurance cover for your baggage, medical expenses and cancellation, making sure you have the help you need when you need it most. When buying a policy, check with your insurer that it covers you for any extra activities you may participate in, such as bungee jumping, white water rafting.

When planning on travelling abroad in a gap year, cheap travel insurance is absolutely vital for peace of mind and safety. Take a look online to find student flights, bus, rail and travel insurance. Travelling abroad in a gap year is recommended by many colleges and universities as it offers great experience for students as well.

There are a number of excellent travelogue sites online, offering advice and suggestions from experienced travellers. Many blogs focus on specific areas and can offer fantastic insight into your chosen destination. Just ensure that you leave a planned itinerary at home. Your family and friends can have a check on your progress.


Planning to study abroad? You get covered for up to 2 years as long as the duration of your course. Additional cover is available for computers or valuable items. Get insured under a protective cover known as student travel insurance uk.

Be prepared for all uncertainties – with a good insurance cover!

Get an annual insurance cover for your multiple trips. You can travel up to a maximum of 42 days in one trip. Such insurance covers you for multi lingual medical assistance. Insurance experts provide students with low cost, discounted prices on airfare and other popular travel needs! Always apply with organization which is well associated with a select group of high quality companies that offer specific services to meet your travel insurance needs.

Your travel insurance should cover basic medical and accident cover, baggage loss or delay, and trip cancellation.

Bear in mind that if you need to make a claim, most travel insurance companies require you to have purchased the insurance policy before you leave on your trip. If your student travel involves official study and work abroad or you are on Gap Year travels, you have a choice of long stay travel insurance products which are all individually designed to protect you
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Advantages to Managed Care Plans

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There are many different types of Health insurance plans out there. Picking the right one for yourself can be troublesome in the beginning, especially if you don’t know what you are looking for. You might have trouble deciding which one would be better for you.

Health insurance is divided into two large categories—indemnity and managed care plans. Indemnity plans, also commonly called reimbursement plans, will reimburse your medical expenses up to a certain limit. Under the Reimbursement plan, the insurer pays a percentage of the total charges, regardless of how much the charges are. With the indemnity plan, the insurer will pay a specified amount every day for a specified number of days. The amount reimbursed does not rely on the cost of medical care, but what you are reimbursed will never exceed your expenses.

The other popular type of health insurance plans is managed care plans. The three types of policies categorized as managed care plans are HMOs, POSs, and PPOs. This type of insurance is more popular than the indemnity plan, as they offer more flexibility. With these types of options you either pay a monthly fee no matter how many times you see a doctor, or pay a co-payment but no monthly fee. With managed care plans, you are given options of care. The plan you choose and the amount of money you wish to pay determines how big of a network of doctors and specialists you can see and still be covered under the plan. Some managed car plans (most often PPOs) offer sponsorship programs from a network of hospitals and medical services. You can often get this kind of plan through your employer.

Managed healthcare plans are better for the average person due to the fact that they are more cost effective. While indemnity plans may give you a lot more freedom in cost, you will have to use the healthcare provider that the insurer chooses. If you have a specific disability, this can present itself as a problem. In the long run, a managed care plan will save you money, especially if emergencies arise when you are out of town. These types of plans also are more flexible in policy. Before you purchase any kind of health insurance, be sure to research the many options available for you and your family to ensure you receive the best coverage possible for the lowest monthly premium or deductible.
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Holiday Insurance - Cheap Holiday Insurance - Travel Insurance - Instant Holiday Insurance

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Instant Holiday Insurance is one of the UK's largest independent travel insurance company selling cheap travel insurance products, holiday insurance, medical and general insurance services. Instant Holiday Insurance is a trading partnered with  of Essential Travel Ltd, who are authorised & regulated by the Financial Services Authority No. 300175

Our Holiday Insurance Web combines great value with comprehensive cover. We cover you for lost or delayed luggage, lost cash, passport and other personal documents plus emergency treatment. We established to offer UK customers comprehensive holiday insurance at competitive low prices. The travel insurance policy will cover you for any medical expenses that you incur should you be involved in an accident or become ill and require hospitalisation. Apart from medical expenses the policy should also cover things like; legal expenses, cancellation & curtailment,loss of money, baggage, passport, etc. and personal liability. Probably the main thing to consider is to make sure you are covered for any activity that you intend to undertake so that you and your equipment are covered while participating,e.g. skiing, scuba diving etc. Travel insurance in an instance without any hassle and with totally safe online transaction from start to finish.

We have a range of products including single trip holiday insurance, long stay holiday insurance, annual multi trip holiday insurance, ski holiday insurance and more for individuals, couples and families for a matter of months and need adequate cover at resonable rates.

We have partnered with Essential Travel to offer you fantastic deals on Travel Insurance. Essential Travel has teamed up with AXA Insurance UK plc to help provide you complete peace of mind on your holiday. We also offer family insurance and World Wide Travel Insurance online for UK holiday makers. Single Trip travel insurance is perfect cover if you are off on one holiday or escaping on a short break. If you are planning to travel a few times this year then an annual policy offers you both convenience and value for money. Our service specialist was set up with one main aim to provide convenient high value cover at the lowest prices possible.

You can easily get instant online holiday insurance quote where you can select your insurance package, date of travel, which could be for Europe or worldwide. Once package is selected,you can then enter your credit card details and get print off of your travel insurance policy and cover details immediately. Insurance certificate will reach to you either by email or by regular post.

Enjoy your holiday and be safe during holiday by getting insured with instant holiday insurance.
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Obesity and Health Insurance

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When it comes to health insurance, we all seem to be paying high premiums.  The cost of healthcare has risen and it is reflected in the quotes we receive.  However, if you are considered obese, your health insurance premiums may be significantly higher or some health insurance companies may simply deny you coverage.  If you were to lose weight, however, you could find a health care insurance much cheaper and have more options.

The fact is health insurance companies have different policies regarding obesity.  When an applicant for health insurance falls out of the normal weight standards, they may be either denied health insurance coverage or their premiums will be raised.  Many insurance companies may even require an applicant to get a pre-approval physical before they accept the applicant for coverage.  The fact is obesity is costly to the insurance companies and they apply very strict standards for their coverage in relation to the weight of the applicants.

Due to the fact that treating the obese is very costly, the health insurance premiums have skyrocketed over the past few years.  With obesity comes many other diseases such as cardiovascular disease, high blood pressure, and diabetes.  Treatment for these disorders are costly and the insurance companies are paying.  This is the reason for their strict weight standards.  Just one individual who is obese can cost an insurance company thousands of dollars each year.  Many individuals get health insurance coverage from their employers.  Because the insurance premiums have risen so much over the past few years, many employers, especially small businesses, can not afford to offer coverage for their employees.

The fact is when someone is obese, they will generally have health problems and are often having tests done, as well as being on medication.  This, of course, is an expense that could be prevented if the person lost weight.  Research has proven that the obese are inundated with more health problems than thinner people.  However, this does not stop individuals from gaining weight.

More and more people are gaining weight and falling into the category of being obese and this includes children, as well.   According to a recent study conducted by The Thompson Corporation, in 2004, as many as 16 percent of the children in the United States could be diagnosed with obesity.  The healthcare costs for children who were treated for obesity were astronomical.  The cost for those children who were covered by Medicaid were approximately $6,700 annually for each child and those with private insurance paid out approximately $3,700 per obese child.

While obesity is only partly responsible for the rising cost of health insurance, it does place a burden on society, as well as the patients themselves.  However, the continuing rise of health insurance will not end and neither will obesity.   If an obese individual could lose the weight, they would find their health insurance premiums would be much lower and they would have a much easier time gaining access to health insurance coverage.
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What Are The Different Types Of Boat Insurance Available?

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What Are The Different Types Of Boat Insurance Available?

When shopping for boat insurance, you may be surprised to find that there are different types of boat insurance policies available. Many insurance companies will only offer one standard watercraft liability coverage policy, while others will offer optional coverage that you can purchase. In fact, if you have financed your boat, your lender may require you to carry specific optional coverage. There are several different types of coverage that you can add to your policy.

The standard insurance is the watercraft liability insurance coverage which is required by many states. This insurance will cover you in the event that damage is caused to another person or another person's property by actions taken with your boat – whether it is during transport or on the water. Again, many states now require this liability coverage, and each state has its own requirements as to how much liability coverage you need to have. Check with your insurance agent to find out what you are required to have.

Watercraft medical payments coverage may also be required in your state. This coverage pays the medical expenses, up to a specific amount, for you and any occupant of your boat which results from a covered accident. Even if this insurance is not required, you should definitely consider it. Medical expenses are quite high. If you think that you cannot afford this coverage, think about whether or not you could afford the medical bills you will have in the event of an accident without the coverage.

Wreck removal and pollution coverage should also be strongly considered. By law, if your vessel is wrecked or sinks, you will be required to remove it. If oil or gas leaks into the lake, river, or ocean, you will be fined – just like the big oil companies are fined when they have spills in the ocean! These fines, as well as the wreckage removal and spill cleanup can be quite expensive without this coverage. Don't make the mistake of thinking that something like this won't happen to you!

You should insure yourself against uninsured watercrafts as well. This works just like uninsured motorist insurance when you purchase coverage for your automobiles. If someone who does not have insurance – or adequate coverage – collides with your boat on the water, your insurance will pay for the replacement of your boat, or for the needed repairs.

Towing and assistance coverage should also be strongly considered. Getting towed back to shore often costs more than having a car towed to a garage! Especially if you are out in the middle of the ocean! You should also ask about coverage to recover your boat and protect it from further damage after a mechanical failure or an accident. These costs do indeed add up. Again, don't make the mistake of thinking that nothing bad will happen, and don't make the mistake of thinking that you cannot afford the coverage. If you can't afford the coverage, you certainly won't be able to afford these expenses!

Most insurance policies should cover your boat, the motor, and the trailer used to transport the boat. Liability coverage isn't the only type of coverage that you need in most cases. You should make sure that you protect your boat, just as you protect your automobiles with coverage that includes theft and vandalism, as well as losses caused by storms, fire, sinking, capsizing, stranding, collision, and even explosions. Talk with your insurance agent to find out what type of insurance is required by your state and what type of coverage they offer. Also talk with your boat dealer and lender to find out what type of coverage you are required to have as well.
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Small Business Insurance: Do You and Your Subcontractors Need It?

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Of course, you need to check with an accountant or lawyer for specific information, but in this article, you'll learn what small business insurance has worked for our computer consultants and customers in the past.

What Type of Small Business Insurance Do You Need?

You should definitely have both a general liability as well as a professional liability policy for your services. That professional liability should have the errors and omissions insurance rider folded into it as part of your small business insurance coverage.

How Much Will It Cost You?

This insurance will range in cost, but $3500 is about average. Typically, small business insurance companies will base your price on your size, in terms of employees, the sales volume you’re doing, and how they characterize you by risks.

Take time to carefully explain and look at the categories with your agent before they lump you into something that you’re not. A lot of times they might classify you into software developers which could be a very different risk category than network installers or resellers.

Do Your Subcontractors Need Small Business Insurance?

Yes, each of your subcontractors should definitely have general and professional liability and errors and omissions insurance. You should not be covering them.  Otherwise what you’re doing is probably providing benefits that are more like what you would do for an employee as opposed to a contractor.

What's The Next Step With Your Small Business Insurance?

Talk to your attorney and talk to your insurance agent. If you have an insurance agent that takes care of your property and contents insurance needs, you should definitely sit down and talk with them.  You might want to ask this question of your accountant also because they have a relatively similar business model in your same area.
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Insurance for Your Retirement

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If you are like me, it’s easy to get fed up with constantly paying insurance premiums.  Writing a monthly check for car insurance alone will drive you crazy.   Not to mention the direct withdrawals from your paycheck for health insurance and the hit to your mortgage for home owners insurance and you have a lot of money going out the window to pay for disasters that might not even happen. 

But if those disasters do happen, you will be very glad you had insurance.  But there is one big life event that is coming that you want to do all you can to prepare for financially and that is old age and retirement.  While there is no “old age insurance”, you will find as you do your retirement planning that there are some very valuable insurance policies that are absolutely critical to a retirement life that is enjoyable, safe and prepared for.

We may or may not think of life insurance as part of retirement planning.  After all, the benefits of life insurance, at least on the surface are for those who survive you after your death which doesn’t do you a lot of good when you are living and breathing.  But you can invest in life insurance that also serves as a long term investment as well.  These policies which are sometimes called “whole life” allow the funds you put in to be invested and to build a cash value that you can cash in on when you retire. 

So you may want to carry $100,000 insurance when you are in the working world, paying a mortgage and trying to get the kids through college.  But if you can then hit retirement, cash in on the investment value of that insurance and spend your golden years with just enough insurance to cover some protection for your spouse and funeral expenses, that is a better way to organize your insurance programs.

Another layer of insurance that a lot of people are taking advantage of is Medicare supplement insurance.  Medicare is a great program that benefits a lot of people.  But Medicare can only go so far.  Those corny commercials for Medicare supplement insurance are goofy but they are on target that you need to have another safety net in the event you find yourself needing more extensive medical coverage than Medicare can provide. If you took the time to set up this kind of insurance early in your retirement planning, it will pay you big time when the need is there during your golden years.

A level of insurance that can be one of the biggest blessings if you become ill in your elderly years is in home health care insurance.  Many times illnesses that you endure due to old age are not the kind of thing you would want to get through in an expensive hospital room.  You will recover more quickly in your home but you still need someone to make sure you get your medications, take care of the little life details that you cannot tend to when you are poorly and be there if you take a turn for the worst. 

This is where the care of an in home nursing service can be so valuable.  This insurance can enable you to have care with you right in your home which will give you the care you need and take a lot of worry and work off of your family.  And since all senior citizens need medical care at some point in their retirement life, in home health care insurance is a must.

By setting up these different specialized insurance policies early enough in your working life, you can get some value into them when the time comes for you to retire.  Then you can you enter retirement with confidence knowing you have policies with reliable insurance providers to take care of the needs that you expect to come up during your golden years.
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Medical Coverage on Your Auto Policy

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Car accidents can happen at any time to anyone.  They can be devastating and cause unnecessary stress to everyone involved.  If you are injured in a car accident the last thing you will need at that time is a problem with your medical insurance coverage.  Insurance can be a tricky subject.  Sometimes it is hard to determine what is covered under certain policies and what is not.  That is why it is a very good idea to invest in an auto insurance policy that includes medical coverage.  Medical coverage on an auto insurance policy ensures that you will be covered for any injury resulting from a car accident.  Most auto insurance policies that include medical coverage also cover injuries sustained from accidents you may be involved in as a pedestrian. 

Most auto insurance policies that include medical coverage in the event of car accidents cover all passengers in your vehicle at the time of the accident.  If you are involved in a car accident and have two or three passengers in your car at the time, all the medical expenses of yourself and your passengers will be covered by your auto insurance policy.  It does not matter if the car accident is your fault or the fault of another driver, if you are involved in any type of accident where you have medical expenses due to the accident, those expenses will be covered.  Medical expenses can be considerably expensive since they may include everything from ambulance transportation to x-rays to surgery to an extended hospital stay.  No matter what your injuries may be you can rest assured that you will not have to worry about them at the time of the accident.  In addition, medical coverage can cover any additional expenses after your initial injuries have been treated.  If you require long term care following the accident, medical coverage can help with the financial expense of long term care.  If you are left unable to care for your children for a period of time following the accident and must hire child care support, certain auto insurance policies that offer medical coverage can assist in child care finances due to injuries from an accident as well.

If you are not insured at the time of an accident, you will be left relying on other types of insurance.  If you have health insurance you need to figure out what and how much is covered under your policy.  Some health insurance policies only cover portions of medical expenses during major accidents where expenses can run high.  Oftentimes with health insurance, the insurance holder will also need to pay a co-pay when getting professional medical help.  You may want to look into the price of emergency room co-pays, as they are often more than co-pays to a regular doctor’s office.  If you do not have health insurance then considering auto insurance that includes medical coverage is a must.  Car accidents are completely unpredictable.  You and your family could be involved in a car accident at any time.  Just because you drive safely does not mean someone else on the road will be driving safely.  Even if the accident is not your fault, you will still face mountainous medical bills.  Trying to pay them without any type of insurance will be an extremely difficult task that you do not want to be faced with.

Another medical coverage option that many auto insurance policies offer is personal injury protection.  This option of medical coverage in the form of personal injury protection is not offered in every state but if you live in a state where it is offered it may be a smart choice for you.  The difference between regular medical coverage in an auto insurance policy and personal injury protection coverage is that only those people specified to be covered in the policy will be covered in the event of an accident.  Instead of having any passenger in your vehicle being covered by your insurance, only those people who you have specified in your policy and who are in your car at the time of the car accident will have their medical expenses covered by your insurance.  In some cases people do not want those who are not close family members being covered by their insurance.  If this is the case then you may want to opt for personal injury protection, as it allows you to determine which individuals would be covered by your insurance policy in the event of a car accident.
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Is Homeowners Insurance Enough In The Toughest Of Times?

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Homeowners Insurance is supposed to protect us in case of disasters. That is what we have come to expect from our homeowners insurance over the years. But what if the disaster is the costliest in U.S. History? What if your insurance agent's home and office were destroyed in the disaster also?

That is what happened to many customers and homeowners insurance agents and companies after Katrina hit the Gulf coast. Many agents' homes, offices and insurance Companies' claims centers were in the same situation as their clients due to the storms. So what did they do? They set up “office” in tents and mobile trailers. Then Hurricane Rita blew away these temporary offices and the agents and companies set them up again. These temporary shelters acted as a communications center for all people in the surrounding areas. Local people would come by to ask questions, meet with their claims adjustors and just catch up on the news with their neighbors. Extreme circumstances dictated unconventional responses: some agents even filed claims for their clients without even talking to the clients just so they could get the claim “in the queue.” Allstate allowed customers to submit claims through any agent in the country and set up a priority line to assist. They sent email to agents in the areas surrounding the disaster areas to act as messengers by “word of mouth” to their fellow agents in the effected areas. The larger companies such as State Farm & Allstate that service claims for the national flood Insurance Program even used satellite imagery to determine damage in some neighborhoods that were entirely flooded.

Lessons Learned: Those of us not effected by these disasters can learn a few lessons about coping with future disasters from the thousands of policyholders that are still waiting to get their claims paid. As soon as possible, take steps to prevent further damage to your home if possible: such as covering the roof with a tarp if possible. You can hire a contractor if you can find one, as that would be safer for most of us than climbing on our roofs. Hold off making any repairs until you see or talk to an adjuster first. Plus, keep your receipts, as you'll need them to prove expenses that can be re-imbursed later.

What Does Homeowners Insurance Cover?

You can generally expect your homeowners insurance to help pay for additional living expenses for up to 12-24 months while your home is being repaired. But, homeowners insurance usually pays only after they verify you have a legitimate claim. After Katrina, many insurers made an exception, automatically distributing enough to cover two weeks' worth of additional living expense to anyone in an area subject to mandatory evacuation. Some companies even gave small advances on contents under the personal property part of their homeowners insurance policies.

If you have to wait to get your check, it helps to have cash that is easily accessible in a bank account or money market fund. Stashing cash at home isn't a great idea because if your home burns down and you weren't able to get to your cash, most homeowners insurance policies only cover £100-£200 in cash whether it is stolen or burned up in a fire. Your goal should be to have an emergency fund available to take care of your family for 2-4 weeks (minimum)if possible. In a disaster it might be hard to even find a local bank to get cash. Debitcredit cards with a statewide or national bank would perhaps be better.

Your biggest problem in getting your claim handled may be in either not having the proper homeowners insurance coverage or not having enough coverage. Most good homeowners insurance policies today cover up to 120% of your dwelling coverage limit. It is important that you review the dwelling limit with your agent every couple of year's at a minimum. Homeowners insurance policies do not cover Flooding, but you should again see your agent for this coverage.

If your homeowners insurance falls short, you may qualify for money from the Federal Emergency Management Agency (FEMA) or a disaster-assistance loan from the Small Business Administration (SBA). Homeowners can borrow up to £200,000 for rebuilding and £40,000 to replace personal property at very low interest rates for up to 30 years.
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What To Look For When You Want A Lower Rate

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What is the best homeowners insurance for you? The answer is probably not that obvious to you because most of us have not taken the time to understand our homeowner’s insurance. We would much rather turn that responsibility over to the insurance professionals. There is nothing wrong with that approach but it still leaves you a little bit too uninvolved over a very important insurance purchase. People have a natural fear of the unknown. We like to steer clear of things that are unfamiliar to us. Our insurance is often one of those things that we would rather just avoid. That may come in part from the old days when insurance was purchased under pressure from the insurance agent. That method of sales has just about vanished in property and casualty insurance. People willingly contact agencies about policies and coverage. The agent is more like a consultant these days. The best homeowners insurance is usually purchased when we ourselves have a better understanding of our policy and how we want to be serviced. The insurance atmosphere is much more professional and there are more ways to purchase insurance. Purchasing online or by telephone is becoming as common as purchasing from the local agent.

The homeowner’s policy itself has a couple of integral features and benefits to consider. Buying replacement cost insurance verses actual cash value insurance is one of your most important decisions. Replacement cost homeowner’s policies settle any loss by replacing or repairing your dwelling and its contents with like kind and quality without depreciation. Actual cash value allows for depreciation and expects you to make up the difference as an out of pocket expense.

The most important cost savings decision that you will make is the size of the deductible. It makes sense to have as high a deductible as possible on your home policy because of the infrequency of claims.

The best homeowner’s insurance for you revolves around how you want to do business, whether to purchase replacement cost or actual cash value, and the size of your deductible. These three areas will lead you in the right direction.
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A Simple Way To Save Money

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Is there such a thing as cheap health insurance? It hardly seems possible when you look at the rise in hospital costs and physician services. Insurance companies have the task of underwriting the medical risk for insurance. The insurer then issues and delivers the policy to the insured once they are accepted into the plan. The policyholders then receive the policy declaration pages that list all of the benefits and features.

What are those benefits and features? How do they work after a hospital stay? When you begin to find the answers to those questions then you begin to understand what makes up the total premium. When you receive your first benefit statement after a hospital stay then you will begin to understand how the deductible is applied and how the coinsurance works.

Simple claims analysis

1.Total inpatient expense for 4 days in the hospital including physician services amounts to £4000.

2.Your policy has a £500 deductible with an 8020 coinsurance clause with a maximum out of pocket £2000.

3.You must pay the first £500 for your stay leaving a balance of £3500.

4.You will pay 20% of that £3500 or £700 and the insurance company will pay £2800.

When your 20% reaches £2000 then the insurance company pays 100% of the remaining costs up to a million pounds (or 2 million etc).

The health insurance buying trends indicate that people are purchasing health insurance with higher deductibles. Deductibles bring down the premium dramatically. There are some plans with deductibles as high as £5000. This is called self-insuring because in essence that is what you are doing for the deductible amount.

Health Savings Accounts are also starting to become very popular. These savings accounts are tax deductible. They are like medical IRA’S. Contact your tax advisor or accountant for more details.

Please see our recommended source for insurance quotes. We have done the research so you don't have to.
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