Wedding is one of the most important event in someone’s life and nobody wants to ruin it. People don’t mind spending lots of money for this big day in order to make it special and unforgetable. But the fact is, no matter how well you plan on something it can still go wrong. Looking at the facts that wedding is such an expensive event to held, many insurance companies overing protections called wedding insurance. (more…)
Posts Tagged ‘insurance company’
Youth Car Insurance
Posted by admin on September 5th, 2009
Some people say it’s hard to be a teenager, and I would have to be agreed with that. Being a teenager is could be hard, including in dealing with auto insurance. If you are a teenager and you would like to buy an insurance for your car, almost every insurance company will charge a high rate for your car insurance. That’s because insurance companies have a factual statistic that young people under 25 are high risk for making claims. The statistic says that teenagers are the most likely age group to get into an accident due to inexperience driving, making poor decisions, and reckless driving. Lots of accidents involved young people just because they’re driving while talking to the phone or busy pushing the buttons of an Apple iPod. But It doesn’t mean that all teenagers are bad drivers, but based on the statistics teenagers are risky insurance holders who have strong tendency to file claims, and based on that consideration there’s almost no insurance company that would give teenagers a low insurance rate. But don’t worry, here we’re going to discuss how to get you guys better rates on your car insurance premiums. (more…)
Unemployment Insurance
Posted by admin on September 5th, 2009
You probably have read about unemployment insurance in some of the articles about property or money insurance in this blog, but I haven’t really made a specific discussion about this matter until now. (more…)
Funeral Insurance
Posted by admin on August 25th, 2009
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…)
Switching Insurer
Posted by admin on August 21st, 2009
Have you got disappointed with your old insurance company ? or maybe you’ve found a new one that can give you the same level of coverage with a lower rate ? well, perhaps you should consider to make a cancellation of your old policy and get a new coverage from the new insurance company that might suits your needs better. (more…)
Making Home Insurance Claim
Posted by admin on August 20th, 2009
Making an insurance claim for the first time could be very confusing especially for the type of insurance that has a low possibility of filing claims like home insurance. This could be hard for those who don’t have experience in filing claims before, or for the policy holders who handle their own insurance directly to the insurance company without any help from insurance broker or adviser. Actually it’s not a very hard thing to do, here is what you have to do when something bad like accident or natural disaster happens to your home : (more…)
Selecting A Good Insurance Broker
Posted by admin on August 19th, 2009
In the older post I’ve informed you about the insurance broker that can help you getting a suitable insurance coverage for your assets. Now I shall give you things that can help you to choose the right broker to become your insurance adviser and risk manager. (more…)
Getting A Good Rate For Motorcycle Insurance
Posted by admin on August 14th, 2009
Many people think that it’s a waste of money to buy an insurance policy for a motorcycle, and some think that it’s too expensive to have. Actually, insuring a motorcycle is a very important thing to do since it is one of the vehicle types with a high risk level. When a motorcycle involve in an accident the possibility for the rider to suffer injury is higher than a car driver, and since motorcycle is the smallest vehicle on the highway if it’s got into a collision with a bigger vehicle the effect could be fatal for both the rider and the bike. Motorcycle is also more vulnerable to thievery and robbery than a car. Insurance policy is a very flexible product, it’s never too expensive. You just need to have lots of information before you decide to buy a policy. I’ll try to help you to get a good motorcycle insurance with a nice rate. (more…)
Property Insurance for Renters
Posted by admin on July 25th, 2009
If you live in a rental house or in an apartment, don’t feel secure just because your landlord have already insured the building you’re living in. Usually landlords only insure their property, that means they only protect the building and it doesn’t include your belongings or anything inside the building. It make sense because if they insure the building and everything in it they would have to pay a lot more money for the policy especially for apartment owners. So what if your home got robbed, burned or any other loss causes that might happened, how do you protect your belongings? or maybe there’s a guess experienced an acccident inside your apartment and then press charges against you?
There’s something called renters insurance that you can use to protect you from all those risks. This kind of policy will protect you as if you owned a home, it includes :
• Personal Property Protection
Covers the loss or damage of your stuff
• Family Liability Protection
Provides legal representation and protection against judgments
• Guest Medical Protection
Covers medical costs for visitors injured at your home
• Additional Living Expenses
Reimbursement for costs of temporary housing during reconstruction
Coverage Choices:
• Replacement Coverage – Allows you to receive the full purchase price of lost items
• High Value Item Coverage – Extends protection beyond your basic policy limits
What about protection against flood ? well, usually a renters policy doesn’t cover floods, but you can ask the insurance company the possibility for you to have a national flood insurance policy.
Amount of Cover
Posted by admin on July 14th, 2009
How much cover do we need? Let’s see, If you make a claim, the maximum an insurer will pay you is the amount of money, or ’sum insured’ in your contract, so that sum has to cover everything. People often make mistakes in this matter, in order to have a lower insurance rate they often decrease their ’sum insured in the policy schedule or they only cover some parts of their assets that they consider to be valued.
Don’t ever underestimate of what you own and under-insure. If you under-insure, you won’t get enough money to cover the total cost of your loss. For example, the ’sum insured’ for your home must be enough to cover all your costs if your home were destroyed, including rubbish removal, temporary rental accommodation as well as rebuilding costs. So never determine the sum insured for any of your assets only by an unfounded approximation, you have to make a serious calculation or ask an expert if necessary.
Under-insurance can hurt in another way. Suppose you insure your home contents for $15,000, but they’re really worth $30,000. Your insurer may be allowed under your contract to pay only part of any loss or damage because you have insured your property for only part of what it’s worth. In this case you have to be very careful in reading the terms and conditions given by the insurance company in their product disclosure statement as well as in the policy schedule.
