Funeral and death are not nice subjects to discuss and for some people, they just avoid the issue, making no preparations although it’s an inevitable thing that one must face and it’s impossible to predict when the time would come. Perhaps many people think that making a last will and a testament while leaving some money aside as a funeral costs is enough for their death’s preparation. However, if you have any particular funeral in mind, or you wish to protect your loved ones from unnecessary stress of dealing with funeral preparation, then you might consider to buy a funeral insurance. (more…)
Posts Tagged ‘hospital’
Travel Insurance
Posted by admin on August 24th, 2009
If you’re planning to make a journey on a business trip or holiday travel with your family you might need this type of insurance. Travel insurance gives protection for any unexpected costs that might arise while you’re away from home that can ruin your trip such as flight cancellation, lost luggage or injury. (more…)
Body Part Insurance
Posted by admin on August 23rd, 2009
Some people might find that this is an uncommon type of insurance. Body part insurance only gives cover to some particular selected limbs. body part insurance is commonly associated with celebrities and this is true that so many celebrities buy body part insurance to give protection to their limbs such as nose, legs, eyes or even some bizarre parts of their bodies like mustache, chess hair and even smile. (more…)
Pet Insurance
Posted by admin on August 18th, 2009
Do you know that you can actually insure your dog, cat or any other pets you have ? it’s called pet insurance. It’s actually like health insurance for people, it provides coverage for your pet’s medical expenses for unexpected illnesses or accidents. (more…)
Things to Consider Before Making Car Insurance Claims
Posted by admin on July 30th, 2009
Why did you insure your car ? of course to protect it from any loss or damage that might happen. But you still have to reconsider if you’d like to make an insurance claim, is it feaseble ? and how this claim could effect your insurance policy ?.
You can’t just make a claim for any scratch on your car, because too many claims can get you a penalty which will raise your premium. You also have to look into the cause of the acccident, causes such as drunk driving will only give you a bad reputation to your insurance company, and there are more things to consider.
Here I’ll give you things that you shall notice and consider everytime you’d like to make a claim:
- Policy Renewal. Everytime your insurance period ends, usually you can renew it or you can choose not to. But please notify that insurance company can also decide not to renew your policy. This can be affected by many factors including previous accident and claims.
- Minor Loss and Own Risk Payment. Everytime you make a claim, the insurance company will ask you to pay an own risk / excess fee. So if your car only experience a minor loss, it would be better if you don’t file a claim, especially if the repairment cost is only a bit more expensive than the own risk fee.
- Penalty. Usually every insurance company have a bonus and penalty policy. If you spend a whole year without a claim you’ll get a bonus which can be a discount for the insurance rate. But otherwise, a year full of claim will get you penalty and a lost of bonus, this penalty could raise your premium to the point that can surprise you. So it is suggested that you get full information about this before you buy an insurance policy from your insurance company or an agent, about how much bonus or penalty that you can get and the factors that affect them.
- Causes of accidents. If the accident happens because of your fault, the claim might be dropped or as I said before at least you’ll get a penalty except for minor accidents that might get exceptions. But still it depends on the claim numbers already filed and your “reputation”, including the history of tickets and violations such as drunk driving.
- Reporting an Accident. If you think you experience a claimable accident, then you should report it right away to your insurance company and police department so that the damages, injury and evidence can be assessed as soon as possible. retardation of report coul cause and investigation delay and might cause the insurance company drop your claim.
- Garage Cost. You should think about this one, because most of the insurance company will not cover the cost of storing your car while it’s waiting to be repaired, and if the claim is being assessed which could take sometime the storage cost might be remarkable. To solve the problem you should contact the insurer to make an agreement about who’s going to pay for this. This could work especially if you have a good reputation.
- Get an Advice from Your Agent. It would be better if you ask your agent before you make a claim, after all they have better knowledge than you, and to see the fact that each insurance company has different rules and features that might confuses you.
How To Make A Suitable Cover For Your Life Insurance
Posted by admin on July 26th, 2009
Many people don’t feel comfortable about making plans for their death including by a life insurance, they just find that this is not a fun topic to talk about and some of them don’t even want to talk about it at all.
The people’s desire of having life insurance keep on dropping and According to the Insurance Information Institute, one-third of all U.S. families with a new baby at home don’t update their life insurance coverage. Maybe that what make the prices of life insurance have been dropping significantly. Since 1994, premiums have plummeted 50% for standard risk term insurance according to The Insurance Information Institute, and this year they’re expecting that it’s going to be dropping by another 4%.
This seems like a good time to buy a life insurance, afterall it’s actually very important to have a death plan, think about it.. don’t you want guarantee the life of your spouse and your beloved children if you suddenly leave them. To have your life well covered I’ll give you some helpful tips :
- Get Life Insurance Quotes. Look for websites providing free insurance quotes where you can get opinions and pricing information, this could help you a lot to choose.
- Make Yourself Feel Confident and Informed. No matter if you buy a life insurance policy on your own or hire a professional’s help, you should stick to the life insurance you get from the websites that you’ve searched earlier to make yourself feel confident and informed.
- Choose a Financially Strong Company. Make sure that the insurance company you choose have earned an “A” or higher rating given by one of the reputable rating companies such as A.M Best, Standard & Poor’s, Duff & Phelps, Weiss or Moody’s and Fitch.
- Remove The Perception That says Advisers Know Everything. sometimes There are some advisers say that they have more knowledge about an insurance company’s financial strength than a rating company, or claiming that ratings are not important. You cannot believe this, rating companies have learned good methods to decide the rating of one company and they do this professionally because that’s all they do so there’s no way and adviser could have more knowledge compare to them. And because life insurance is a long time insurance (life time) and even after the policy holder is gone, therefore it’s very important to know the company’s financial strength or you (your heirs) will end up getting nothing.
- Find Out How Much Cover You Need. To know this you can start to make a counting on approximately how much your spouse’s expenses until retirement and also your children expenses until they finish college. To do this you can use an online calculator provided by websites including MSN Money.
- Opt For Term Life. A term life policy is best for most people in age from about 20-50. For wealthy people over the age of 60 a cash-value life insurance can make sense, but for most people term insurance is still the best.
- Live a Healthy Life. If you buy a life insurance, you will be examined to determine your risk class. The lower risk class you got, the lesser money you will pay for the policy. To improve your risk class you can start by taking simple steps such as quit smoking, loose your weight, reduce your cholesterol and blood pressure. You’ll be surprised by how much money you can save for this.
- Decide How To Buy. Depends on how much extra money you would like to safe or use, you can go alone and buy it directly from the insurance company and save more money, you can go to a fee-only or commission-based financial planner, or through an insurance agent.
- How Those Third Parties Earn Money. Insurance agents and commission-only financial planners will earn money if you buy an insurance product from them, while fee-based planners charge both fee and commission on the product, and fee-only planners don’t sell products, they just charge a fee for their guidance.
- Rearrange Your Policy As According To Your Conditions. Your condition will change through the years, therefore you must adjust your life insurance with that condition. Especially when you marry, divorce, have a child or start caring for an aging parent. In the end, after your children all grown up and already have independent life, and by the time you sure that you’ve saved enough for retirement, then you can stop paying for life insurance entirely.
Another Tips For Your Auto Insurance
Posted by admin on July 23rd, 2009
Here are ten ways to reduce your auto insurance premium :
- Ask For Higher Deductible Values. Perhaps you already know that deductible is the amount of money you have to pay every time you make a claim. By increasing your deductible value let’s say from $200 to $500, you can decrease the cost of your comprehensive premium by 15 to 30 percent and so on.
- Drop The Coverage You Don’t Need. Protecting old cars with a low market value with collision / comprehensive cover is a waste of money, because any claim you make perhaps lower than the premium’s cost and the deductible amount.
- Don’t Duplicate Medical Coverage. You can ask your insurance company to remove the personal injury / medical protection from the policy schedule if you already have a good health, life and disability insurance.
- Buy a Low Profile Car. This tip is a kind of hard to follow because it’s related to people’s taste for private vehicle. But it’s true that it’s more expensive to insure a car that costs a lot to repair, popular amongst car thieves or known as a vehicle that’s not having a good safety record. As a recommendation to see vehicle’s risk levels you can visit Insurance Institute For Highway Safety’s Website.
- Lessen Drive. Have you ever heard of “low mileage discount”? actually many insurance companies give this kind of discount to the policy holders who drives a lower than average number of miles each year. Please contact your insurance company for more information and to ask whether you qualified or not.
- Optimize Your Safety Instruments. You also can get a premium discount based on the safety instruments you have in your vehicle such as air bags, anti-lock brakes, automatic seat belts, an approved alarm system, daytime running lights, or an anti-theft device.
- Teenager’s Discount. Insure your teenager child in the same policy with you. If your child has good grades and pass an approved driver’s education course, this could give you a lower rate. you can even have additional discount if your child goes to college which is at least 100 miles from home and doesn’t bring along a car.
- Put All Of Your Vehicles In The Same Policy. If you have more than one vehicles it would be a lot cheaper to put them in one insurance policy than if you put them in separate policies. You can also get special price if you buy property or life insurance from the same company.
- Other Discounts. There are actually a lot of discounts that you can have, for example usually there’s a discount for senior citizens (if you’re older than 50 or 55 and/or retired), discount that’s given for not having accidents or moving violations in three years or if you’re a long time costumer. You must contact your insurance company to confirm this.
- Think Before Making Extra Payment For Roadside assistance. Roadside assistance like a tow could increase your premium and effect your eligibility for coverage. If you hold a credit card you may already have a roadside plan provided by your credit card, try to check it out with your credit card provider.
Life Insurance For Self Employed Person
Posted by admin on July 13th, 2009
If you are an employee of a company you usually got insured by the company you work for through workers compensation policy, but if you are a self employed who would insured you if something bad happens? In this matter you should cover yourself for accident and sickness insurance through a private insurer.
There are several types of life insurance that you can use. Some life insurance offers some kind of investment which functioned as a retirement fund where you contribute over a certain time and get back your investment plus interest earnings at the maturity date, but if you feel like you can manage your money and savings well you won’t be needed that kind of insurance. The other type of life insurance could be useful for everyone who doesn’t have any compensation guarantee from any institutions, this kind of insurance designed to cover risk - things that could happen to you. Here are some covers that this life insurance can give:
- Income protection or disability insurance - covers part of your normal income if you are prevented from working through sickness or accident.
- Trauma insurance - provides a lump sum when you are diagnosed with one of several specified life threatening illnesses.
- Term life insurance or whole of life cover - provides your dependents with a lump sum if you die.
- Total and permanent disability insurance - provides a lump sum only if you are totally and permanently disabled before retirement.
Health Insurance
Posted by admin on May 7th, 2009
Health Insurance is a very important thing to have, and it could be a reasonable investment for your future’s health plan. Health insurance can cover all or part of a person’s health care bills. Bad things can happen to anybody at anytime, if you get an accident or certain disease that force you to stay in a hospital for a long time, or an expensive surgery, you don’t have to wory about your medical treatment expenses if you have already got a health insurance. The medical expenses cover provided by health insurance includes doctor visits, hospital stays, surgery, procedures, tests, home care, and other treatments and services. (more…)
