Health insurance is necessary for everybody including young people, even though you’re young and healthy you’ll never when an accident would happen. But making a health insurance plan for the youth could be a dilemma, especially for students who go to college away from their parents since they would have to manage their own chest. It can be hard for students to pay for books/tuition plus come up with some money for health insurance. (more…)
Posts Tagged ‘policy’
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…)
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…)
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…)
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…)
Money Insurance
Posted by admin on August 2nd, 2009
In a business, especially small ones, you’re not always make transaction through bank transfer or with a cheque, sometimes you also need cash to make a business transaction. so, sometimes you must keep a large amount of money in your safe at your business place or maybe at home. Or maybe you are the owner of a grocery store that opens 24 hours which is very vulnerable for a robbery, or perhaps you are just a person who likes to keep a large amount of money at home for some purposes (many people do this). The problem is nothing can really guarantee the safety of the money in all of those places, that’s why you need to make a safety plan. (more…)
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.
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.
Valuable Asset Insurance For Business Owner
Posted by admin on July 13th, 2009
For those who own a business, this type of insurance is very useful to protect their assets & revenue-generating capacity. Many businessmen have felt the benefit and the feeling of secure by using this type of insurance. Here are some protections that are given by the insurance to a business owner:
Building and Contents
There are two ways to protect your building / property, through property insurance and asset insurance. It covers the building and everything inside including contents and stock of your business against fire or natural disasters such as earthquake, lightning, storms, including explosion.
Burglary
Protects your business assets against burglary or thievery, this is very useful especially for those who don’t have a security officer to watch over the building.
Business Interruption or lost of profits
This is one of the most important cover that a businessman should have. It covers the business on going if the business is interrupted through insured perils such as fire or other things insured. It ensures your on going expenses are met and anticipated net profit is maintained through a provision of cash flow.
Fidelity Guarantee
It covers your business from the loss caused by a misappropriation of your employee who embezzle or steal
Machinery Breakdown
Covers your business from the damage of mechanical and electrical plant and machinery at the work site.
