By Marty Lisevick
My wife Donna and I are driving around Glastonbury, CT. yesterday and she started telling me how the gas prices differ dramatically in town. She is a very astute woman who can always find a bargain. As I looked around the town I saw she was absolutely correct. One station has regular at $2.28, another at $2.16, and yet another at the other end of town at $2.06. I'm sure the bargain hunters like her go to the one that sells for $2.06 - money's tight and you save it wherever you can. Then I started thinking about the similarities of pricing in CT when it comes to health insurance. Our capitol of CT is Hartford - "Insurance Capital of the World" - a lot of different insurance companies selling similar health plans - sometimes with a wide variety of pricing. I wonder if people spend as much energy looking to save money on gas as they do on their health insurance. If they did their savings would be a lot more substantial!
With that in mind, here are my six ways to reduce your health insurance costs.
1) Review your coverage and cost every year - It never ceases to amaze me the people who brag about how they saved $100 bucks for the year on their car or home insurance but never bother to look into their health insurance plan. If they put the same type of effort and research into this they could be putting a lot more money back into their pockets. There are health insurance companies now that offer 2 or even 3 year rate guarantees (the premium rate stays the same over that period) and insurance brokers like myself can help you review your coverage, often times help you find a similar or more inclusive plan for less money. This past week I helped a 55 year old woman reduce her health insurance costs by $250 a month - changing her plan to a different company (she had never switched before, they just continually rated her up each year) that she had for over 6 years to a different company. In the process I lowered her deductible, and helped her get improvements in her overall coverage amount, prescription drug coverage, increased number of doctor visits per year, and added a dental plan. She essentially just saved $3000 over the course of the year and walked away with a much better health plan. If you want to do this on your own, there are many websites out there that can help - you can compare costs and plans with all of the major companies - or feel free to contact me and I will be happy to help you. Do not be afraid to change companies - rates and coverage can vary dramatically.
2) Unnecessary options - Take a look at your coverage - are there options in it that you really don't use or need? For example, if you are young and healthy and rarely go to the doctor - you probably don't need a plan that gives you unlimited doctor visits over the year. There are many plans that will cover 2 -4 visits a year or you can choose to pay for the visit out of pocket it you wish. This can drop your premium down dramatically. Do you rarely need prescription medications - if you don't or you can go to Wal-Mart and get the generic brand for $4 - that is a great solution. I have had clients who had great prescriptions drug plans that had a $2000 a year cap that didn't need it - just reducing it to a $500 cap can reduce your premium. Do you have a vision plan, but don't wear glasses or contacts? That is an easy and obvious option to take a look at! If you pay a lot for dental coverage, you can see if you have an Aspen Dental office in your area. Look into getting a dental discount card (usually around $9 a month) and see how much a month going there can save you. Dental plans can vary dramatically - I have been able to drop clients costs from $45 a month to $15 a month in CT. - be sure you look at it.
3) Look into a high deductible plan with supplementary coverage - One of the greatest costs to a client in health insurance is caused by accidents. Many companies offer supplementary accident coverage that will fill in the holes left by high deductible insurance policies. For example, I have a 41 year old female client with a high deductible plan - $5000 on any hospital/surgical visit. The plan is very basic - offers a couple of office visits a year, prescription drug coverage, dental, vision, etc. She is paying around $180 a month for the plan. One of the smarter things we did was include a $2500 supplemental accident plan - covers her up to $2500 in the event of an accident - has a $100 deductible. Sure enough, she slipped in her kitchen and fell - threw out her back - by the time she was done she had $1800 in expenses - the plan covered all of it except for the $100 deductible. She saves money on a high deductible plan each month, and has the accident piece taken care of. If you own a business, look into a high deductible group plan, combined with a supplementary plan like AFLAC - they offer great solutions to the holes in the coverage and help keep your premiums low.
4) Quit smoking - You can save big dollars on your insurance costs just by quitting smoking. To test this, I plugged myself (45 year old man - good health/preferred rating) into a health plan that would cost me $219 a month. Next I rated myself as a preferred smoker and the premium jumped to $318 a month! So then I put my wife (39 year old and myself -non-smokers-preferred rating) on the same plan and our premium came to $386 a month. That same plan would cost us $562 a month if we are listed as preferred smokers. So if you smoke, give it up - if you won't stop for your health, then stop smoking for your wallet!!! A lot of companies will give you the preferred rating if you have stopped for 6 months. You can save up to 30% on your costs by kicking the habit!
5) Overweight - drop the pounds - If you are overweight, health insurance companies will rate up your policy premium. The average rate up can be around 25% if you are 20-30 pounds overweight. Once you drop the weight, contact your company - if they won't make the adjustment for you - start looking at different companies - your savings could be substantial.
6) Find a solution to your coverage problem - There is a solution out there for you. I recently sat with a group of realtors who were under the misconception that they could not get health insurance because their company did not offer a group plan. Nothing could be further from the truth - I showed them some individual plans that several of them are now with. I also was able to put four of them into a small group plan (they were willing to start their own business together that could produce a Schedule C and the appropriate tax documents). I recently also had a 50 year old female client - who was not insurable by individual plans due to her condition - but we were able to find her a guarantee issue plan that would cover her. Companies that would routinely deny coverage to people for years for such conditions like diabetes are now accepting the exact same people as clients. The message here is don't give up - and if you need help - get a broker/agent to help you find the coverage you need.
I hope this helps you to find ways to reduce your health insurance costs. If I can be of further assistance, feel free to drop me a line at your convenience.
Article Source: http://EzineArticles.com/?expert=Marty_Lisevick
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Finding an Insurance Company That Meets All Your Insurance Needs
By Susan Hutson
Here are some fantastic tips to help you choose the best El Paso insurance company which will provide you with cheap premiums and an efficient and reliable service:
1. Visit the El Paso insurance department. Have a look at the consumer complaint ratios and other surveys comprising of basic rate comparison. This will give you an idea of how the industry is faring and how each provider is operating.
2. Talk to medical practitioners or local personnel. Make sure these are people you can trust and ask for their opinions on different companies and which ones they would recommend.
3. An insurance agent would be a great person to talk to, to gain plenty of insight about a particular El Paso insurance company. However be aware that agents may not be straight about everything; do your own investigations based on what they say.
4. Referring to the A.M. Best and Standard & Poor's ratings can also help you check the financial strength ratings of various insurance companies.
Having the right information on hand can help you immensely when you are doing your shopping. Either you can choose to shop online for insurance or seat yourself down with an agent and chat about the different prospects that you have.
While some companies sell plenty of insurance policies online, others sell their policies in the traditional method, through their agent. Also each company independently decides about the expenses that they are likely to incur and thereby the pricing of their policies. Hence you might actually get drastically varying quotes from different companies, so shop wisely!
As you are completing a quote, ensure that your insurance company collects information which is necessary, relevant and accurate. Additional information collected by the company can bring about inaccurate El Paso insurance quotes. Also make sure that the information remains within the boundaries of those who are involved in sales processing and those involved in claims service and/or customer service.
Article Source: http://EzineArticles.com/?expert=Susan_Hutson
Read More......
Here are some fantastic tips to help you choose the best El Paso insurance company which will provide you with cheap premiums and an efficient and reliable service:
1. Visit the El Paso insurance department. Have a look at the consumer complaint ratios and other surveys comprising of basic rate comparison. This will give you an idea of how the industry is faring and how each provider is operating.
2. Talk to medical practitioners or local personnel. Make sure these are people you can trust and ask for their opinions on different companies and which ones they would recommend.
3. An insurance agent would be a great person to talk to, to gain plenty of insight about a particular El Paso insurance company. However be aware that agents may not be straight about everything; do your own investigations based on what they say.
4. Referring to the A.M. Best and Standard & Poor's ratings can also help you check the financial strength ratings of various insurance companies.
Having the right information on hand can help you immensely when you are doing your shopping. Either you can choose to shop online for insurance or seat yourself down with an agent and chat about the different prospects that you have.
While some companies sell plenty of insurance policies online, others sell their policies in the traditional method, through their agent. Also each company independently decides about the expenses that they are likely to incur and thereby the pricing of their policies. Hence you might actually get drastically varying quotes from different companies, so shop wisely!
As you are completing a quote, ensure that your insurance company collects information which is necessary, relevant and accurate. Additional information collected by the company can bring about inaccurate El Paso insurance quotes. Also make sure that the information remains within the boundaries of those who are involved in sales processing and those involved in claims service and/or customer service.
Article Source: http://EzineArticles.com/?expert=Susan_Hutson
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Make Savings on Insurance
General
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By George McGonigal
A few years ago if you were looking for insurance and you lived in Northern Ireland then you could forget about making great savings. Residents of Northern Ireland often found that what they thought was a good deal wasn't so good. They would search online only to find that at the bottom of the online form they were prohibited from claiming simply because of where they lived. Thankfully things have now changed for the better and insurance in Northern Ireland can now be found.
It does not matter whether you are looking for car, caravan, motorbike, home or life insurance you can enjoy the biggest savings by going with a specialist broker. There are many things you can do to ensure that you get the very best quotes with the cheapest premiums when looking for insurance in Northern Ireland.
Any type of insurance will come with a set amount of excess that you will have to pay if you were to have to make a claim on the insurance policy. All insurers will set a limit on this amount and this amount can differ between policies. While there is a set minimum amount, you could choose to pay out more in excess. If you do then the premiums for the cover can work out cheaper. However you do have to find the amount you choose to pay as excess out of your own pocket if you should need to make a claim on the policy. If you were to have to make a claim on the policy more than once in the same year then you could lose out.
Another way that you can make savings on your insurance is to ensure that your home, motorbike, car or caravan is as secure and as safe as possible. If you are looking for cover for a vehicle then parking it under lock and key in a garage can save you money on the insurance as the vehicle would be harder to steal. You could also install security devices such as steering wheel locks and a tracking device and these again can all help to keep down the cost of the insurance premiums. If you are looking to make savings on home insurance then you could install window and door locks and payout for a good alarm system for your home. When looking for life insurance then the healthier you are the cheaper you will get your insurance so you can stop smoking and cut down on the drinking to save money on insurance quotes.
While there are many ways to make savings on all types of insurance in Northern Ireland, it is essential that you are totally honest when applying. You will have to answer questions regarding door locks, your health, the security of your vehicle and whether your home is protected with an alarm and security alarms, for instance, of course stating yes will help to keep down the cost of your quote but if you answer less than with total honesty and have to claim, the claim could be unsuccessful.
Article Source: http://EzineArticles.com/?expert=George_McGonigal
Read More......
A few years ago if you were looking for insurance and you lived in Northern Ireland then you could forget about making great savings. Residents of Northern Ireland often found that what they thought was a good deal wasn't so good. They would search online only to find that at the bottom of the online form they were prohibited from claiming simply because of where they lived. Thankfully things have now changed for the better and insurance in Northern Ireland can now be found.
It does not matter whether you are looking for car, caravan, motorbike, home or life insurance you can enjoy the biggest savings by going with a specialist broker. There are many things you can do to ensure that you get the very best quotes with the cheapest premiums when looking for insurance in Northern Ireland.
Any type of insurance will come with a set amount of excess that you will have to pay if you were to have to make a claim on the insurance policy. All insurers will set a limit on this amount and this amount can differ between policies. While there is a set minimum amount, you could choose to pay out more in excess. If you do then the premiums for the cover can work out cheaper. However you do have to find the amount you choose to pay as excess out of your own pocket if you should need to make a claim on the policy. If you were to have to make a claim on the policy more than once in the same year then you could lose out.
Another way that you can make savings on your insurance is to ensure that your home, motorbike, car or caravan is as secure and as safe as possible. If you are looking for cover for a vehicle then parking it under lock and key in a garage can save you money on the insurance as the vehicle would be harder to steal. You could also install security devices such as steering wheel locks and a tracking device and these again can all help to keep down the cost of the insurance premiums. If you are looking to make savings on home insurance then you could install window and door locks and payout for a good alarm system for your home. When looking for life insurance then the healthier you are the cheaper you will get your insurance so you can stop smoking and cut down on the drinking to save money on insurance quotes.
While there are many ways to make savings on all types of insurance in Northern Ireland, it is essential that you are totally honest when applying. You will have to answer questions regarding door locks, your health, the security of your vehicle and whether your home is protected with an alarm and security alarms, for instance, of course stating yes will help to keep down the cost of your quote but if you answer less than with total honesty and have to claim, the claim could be unsuccessful.
Article Source: http://EzineArticles.com/?expert=George_McGonigal
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The Truth About Insurance
General
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By Carla D Edwards
Many consumers purchase insurance without ever understanding what they really need or what they are buying. That can lead frustration and disgust for the insured. Following are a few of the most commonly heard myths:
Myth: I bought "full coverage" so I am covered.
Fact: "Full coverage" does not exist. In most states, only liability insurance is mandatory, but there are many other coverage options available for you to purchase. The coverages you choose are a personal and financial decision.
Myth: I only need the state required minimum liability coverage.
Fact: Although this is all that is required to drive the vehicle, it may or may not be enough to cover the damages you cause if you are involved in a severe accident that results in a lawsuit. Therefore, your personal assets could be at risk.
Myth: I need more than one estimate before my car can be repaired.
Fact: Although some companies may require more than one estimate, this is rare.
Myth: My insurance premium always increases if I'm involved in an accident.
Fact: Insurance rates are determined by a variety of factors: Information about you, your car, and your driving history all combined will affect your rate. Your rate can increase, decrease or stay the same.
Myth: Red cars are more expensive to insure.
Fact: Color is not one of the factors used to determine your rates. The year, make, model, body type, and engine size are the important factors.
Myth: Insurance companies can charge what they want for auto insurance.
Fact: Every state is requires insurers to file how they calculate rates and they cannot deviate from these filed rates. If a company desires to charge more, they must file for a rate increase with the state and wait for approval. Regulators review that information.
Myth: If someone else driving my car causes an accident, I won't be held liable.
Fact: You could be. In most states, the policy covering the vehicle is considered the primary insurance.
Myth: I should be paying the same rates as my neighbor.
Fact: No. Insurance rates are individually determined and because of this, each person's rate will be different.
Myth: My rate should go down since I am 25.
Fact: Younger and older driver typically have the most automobile accidents, however, age is only one factor in determining your auto rates. While this is generally true, other pieces of information may change that could cause your rate to stay the same or go up.
Myth: Renters insurance is too expensive.
Fact: Renters insurance is very reasonably priced.
Myth: The landlord has insurance that covers me.
Fact: The landlord usually only covers the building, not your contents.
Myth: I am healthy, I don't need life insurance.
Fact: The truth is that you are not insuring for the likely occurrence, you are insuring for the unlikely occurrence. Therefore, you can purchase the right kind of insurance (and a lot of financial security) for a healthy person for a very reasonable premium.
Myth: I don't work, so I don't need life insurance.
Fact: That may be true, but if you are a mother who is staying home taking care of young children, think how much it may cost to pay for childcare and housekeeping in your absence. It could be $30,000 a year. You should use that number as your salary to calculate your life insurance.
Insurance can be complicated. It's not something people deal with every day. The more informed you are, the better choices you'll make and a good independent insurance agent can help.
Read More......
Many consumers purchase insurance without ever understanding what they really need or what they are buying. That can lead frustration and disgust for the insured. Following are a few of the most commonly heard myths:
Myth: I bought "full coverage" so I am covered.
Fact: "Full coverage" does not exist. In most states, only liability insurance is mandatory, but there are many other coverage options available for you to purchase. The coverages you choose are a personal and financial decision.
Myth: I only need the state required minimum liability coverage.
Fact: Although this is all that is required to drive the vehicle, it may or may not be enough to cover the damages you cause if you are involved in a severe accident that results in a lawsuit. Therefore, your personal assets could be at risk.
Myth: I need more than one estimate before my car can be repaired.
Fact: Although some companies may require more than one estimate, this is rare.
Myth: My insurance premium always increases if I'm involved in an accident.
Fact: Insurance rates are determined by a variety of factors: Information about you, your car, and your driving history all combined will affect your rate. Your rate can increase, decrease or stay the same.
Myth: Red cars are more expensive to insure.
Fact: Color is not one of the factors used to determine your rates. The year, make, model, body type, and engine size are the important factors.
Myth: Insurance companies can charge what they want for auto insurance.
Fact: Every state is requires insurers to file how they calculate rates and they cannot deviate from these filed rates. If a company desires to charge more, they must file for a rate increase with the state and wait for approval. Regulators review that information.
Myth: If someone else driving my car causes an accident, I won't be held liable.
Fact: You could be. In most states, the policy covering the vehicle is considered the primary insurance.
Myth: I should be paying the same rates as my neighbor.
Fact: No. Insurance rates are individually determined and because of this, each person's rate will be different.
Myth: My rate should go down since I am 25.
Fact: Younger and older driver typically have the most automobile accidents, however, age is only one factor in determining your auto rates. While this is generally true, other pieces of information may change that could cause your rate to stay the same or go up.
Myth: Renters insurance is too expensive.
Fact: Renters insurance is very reasonably priced.
Myth: The landlord has insurance that covers me.
Fact: The landlord usually only covers the building, not your contents.
Myth: I am healthy, I don't need life insurance.
Fact: The truth is that you are not insuring for the likely occurrence, you are insuring for the unlikely occurrence. Therefore, you can purchase the right kind of insurance (and a lot of financial security) for a healthy person for a very reasonable premium.
Myth: I don't work, so I don't need life insurance.
Fact: That may be true, but if you are a mother who is staying home taking care of young children, think how much it may cost to pay for childcare and housekeeping in your absence. It could be $30,000 a year. You should use that number as your salary to calculate your life insurance.
Insurance can be complicated. It's not something people deal with every day. The more informed you are, the better choices you'll make and a good independent insurance agent can help.
Article Source: http://EzineArticles.com/?expert=Carla_D_Edwards
Read More......
Types of Insurance
General
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By Juanita Martinez
The right insurance polices can give you the needed peace of mind. There are different types of insurance policies available to cover almost anything that you can think of. You may like to take at least 2 big vacations each year, or may need to travel quite frequently for work. If you have travel insurance, you can make a claim for reasons like, loss of baggage, or trip cancellation and the like. Yes, having insurance can help when you need it the most.
There are different types of insurance policies to protect the different things you value in life, like life insurance, auto insurance, health insurance, jewelry insurance, motorcycle insurance, travel insurance and so many more. You may have a business that you run and definitely you do not want any thing to harm your business. But who can predict an accident? If an accident does take place and your business has to stop temporarily who would pay for the losses? An insurance policy at times like this would be really helpful.
Business insurance in only one of the various types of insurance policies available. Chemists can insure their stock, earnings from accidental damage, destruction and any legal cost that may be associated with it. You may be the proud owner of a classic car and hence would definitely want to protect it from any scratch. But if any damage happens to your classic beauty you won't obviously like it. Classic car insurance in such a situation might help.
All the types of insurance policies available have been designed keeping in mind the comfort of each individual. The beauty of it all lies in the fact that each of these types of insurance policies is available at different packages keeping in mind individual needs. Different insurance companies offer different packages. Not all insurance policies will have all kinds of coverage. There are exclusions in certain policies. But there are again other specialty types of insurance to provide coverage for these exclusions.
If you are the sole earning member of the family and you have an accident that renders you unable to go to work for a fairly long period of time and hence temporarily stops your income, what would you do? Disability insurance helps you prepare for a situation like this. Through disability insurance you can save up for a time like this. Similarly, there are insurance policies for several other situations.
It is very important that you determine your insurance needs before you think of buying a policy. While it is true that getting inadequate insurance is not worth the investment, it is also true that you must not be over insured. This way you will only waste your money without receiving benefits any greater than the others. It is hence advisable that you choose your policy carefully and not get confused with all the different types of insurance policies available.
Author Bio: Juanita Martinez is a longtime contributor and Moderator of the Ampminsure community. She is a financial writer, specializing in the field of insurance. You can reach-out to her through the ampminsure community for insurance related queries.
Article Source: http://EzineArticles.com/?expert=Juanita_Martinez
Read More......
The right insurance polices can give you the needed peace of mind. There are different types of insurance policies available to cover almost anything that you can think of. You may like to take at least 2 big vacations each year, or may need to travel quite frequently for work. If you have travel insurance, you can make a claim for reasons like, loss of baggage, or trip cancellation and the like. Yes, having insurance can help when you need it the most.
There are different types of insurance policies to protect the different things you value in life, like life insurance, auto insurance, health insurance, jewelry insurance, motorcycle insurance, travel insurance and so many more. You may have a business that you run and definitely you do not want any thing to harm your business. But who can predict an accident? If an accident does take place and your business has to stop temporarily who would pay for the losses? An insurance policy at times like this would be really helpful.
Business insurance in only one of the various types of insurance policies available. Chemists can insure their stock, earnings from accidental damage, destruction and any legal cost that may be associated with it. You may be the proud owner of a classic car and hence would definitely want to protect it from any scratch. But if any damage happens to your classic beauty you won't obviously like it. Classic car insurance in such a situation might help.
All the types of insurance policies available have been designed keeping in mind the comfort of each individual. The beauty of it all lies in the fact that each of these types of insurance policies is available at different packages keeping in mind individual needs. Different insurance companies offer different packages. Not all insurance policies will have all kinds of coverage. There are exclusions in certain policies. But there are again other specialty types of insurance to provide coverage for these exclusions.
If you are the sole earning member of the family and you have an accident that renders you unable to go to work for a fairly long period of time and hence temporarily stops your income, what would you do? Disability insurance helps you prepare for a situation like this. Through disability insurance you can save up for a time like this. Similarly, there are insurance policies for several other situations.
It is very important that you determine your insurance needs before you think of buying a policy. While it is true that getting inadequate insurance is not worth the investment, it is also true that you must not be over insured. This way you will only waste your money without receiving benefits any greater than the others. It is hence advisable that you choose your policy carefully and not get confused with all the different types of insurance policies available.
Author Bio: Juanita Martinez is a longtime contributor and Moderator of the Ampminsure community. She is a financial writer, specializing in the field of insurance. You can reach-out to her through the ampminsure community for insurance related queries.
Article Source: http://EzineArticles.com/?expert=Juanita_Martinez
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Auto Insurance Calculator - A Useful Tool to Use While Shopping For Auto Insurance
By David Ackland
Shopping for auto insurance online is the easiest way to save money, but how do you know what amount of coverage you should purchase? The fact is that many people have no idea how much insurance they have on their vehicle. They are unsure whether or not they are covered if an uninsured motorist hits them, and they don't know how much the insurance company will pay out if people are injured in an accident.
All of the above scenarios can have serious financial, and in some cases legal, consequences. The reason people are often unsure of their coverage level is that they simply bought the amount of coverage that was suggested to them by an auto insurance agent.
When shopping for insurance online people don't even have the advice of the agent to go on so many people have found that an online auto insurance calculator is just the tool to help them figure out how much coverage they need.
An online auto insurance calculator is basically a web based tool that asks several questions ranging from your income bracket to you educational level. The questions are each aimed at discovering what your insurance needs may be and when they are all answered you will get a recommended amount of insurance to purchase.
The car insurance calculator is a good tool to use in order to get an idea of what you need, but remember this figure is still an estimate. If you have any unique financial situations this estimate may not indicate what the policy will actually cost. The only way to find this information is to speak with an insurance agent, which you can do after deciding on which company to use for your automotive insurance needs.
The automobile insurance calculator is a good tool to use in order to obtain a ballpark figure of your insurance needs, but it should be used in conjunction with other methods when searching for a new insurance policy.
Looking for cheap Brownsville auto insurance? Compare discount auto insurance quotes online for free at http://www.BrownsvilleAutoInsuranceQuotes.com today.
Article Source: http://EzineArticles.com/?expert=David_Ackland
Read More......
Shopping for auto insurance online is the easiest way to save money, but how do you know what amount of coverage you should purchase? The fact is that many people have no idea how much insurance they have on their vehicle. They are unsure whether or not they are covered if an uninsured motorist hits them, and they don't know how much the insurance company will pay out if people are injured in an accident.
All of the above scenarios can have serious financial, and in some cases legal, consequences. The reason people are often unsure of their coverage level is that they simply bought the amount of coverage that was suggested to them by an auto insurance agent.
When shopping for insurance online people don't even have the advice of the agent to go on so many people have found that an online auto insurance calculator is just the tool to help them figure out how much coverage they need.
An online auto insurance calculator is basically a web based tool that asks several questions ranging from your income bracket to you educational level. The questions are each aimed at discovering what your insurance needs may be and when they are all answered you will get a recommended amount of insurance to purchase.
The car insurance calculator is a good tool to use in order to get an idea of what you need, but remember this figure is still an estimate. If you have any unique financial situations this estimate may not indicate what the policy will actually cost. The only way to find this information is to speak with an insurance agent, which you can do after deciding on which company to use for your automotive insurance needs.
The automobile insurance calculator is a good tool to use in order to obtain a ballpark figure of your insurance needs, but it should be used in conjunction with other methods when searching for a new insurance policy.
Looking for cheap Brownsville auto insurance? Compare discount auto insurance quotes online for free at http://www.BrownsvilleAutoInsuranceQuotes.com today.
Article Source: http://EzineArticles.com/?expert=David_Ackland
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When To Get Car Insurance?
By Russell Marlow
It's important that you have a car insurance policy before you actually drive the vehicle in question. It's illegal to drive a car on UK roads without a relevant policy for it. This applies whether you are simply driving a car from one house to another or going for a long journey on a motorway - you must have a car insurance policy to be within the law.
It's even illegal to drive the car from the point of purchase to your home if you do not have a policy in place. This might seem strange as some people might be worried about buying a car insurance policy for a vehicle they have not yet sealed a deal for. The way around this is to get somebody who has fully comprehensive cover allowing them to drive other vehicles to drive the car back to your home address for you. Alternatively, whoever it is you are buying the car from may allow you to put down a deposit, a proportion of the final sale price, to secure the car while you go away and sort a cover policy before driving it away and paying the full amount.
The main point is that there are no exceptions when it comes to the law, you must have a relevant policy in place before you drive a car on public roads. The police take a dim view of those who are caught. You can end up in court and face penalty points on your licence plus a fine. Persistent offenders may end up with a driving ban, and those who routinely break the law can even find themselves going to prison.
Although many people are still tempted and fail to get a policy, current technology means it is easier for officers to catch offenders. Something called automatic number plate recognition or ANPR technology means the police can simply use a camera to record the registration numbers of passing vehicles and compare them instantly to a database to see if they have a policy on them. Any questionable vehicles flagged up by the system will probably find themselves instantly pulled over.
Car insurance is also still needed if you are a learner driver, and you will need something in place before you take to the roads with your L plates and qualified driver in the passenger seat. Many people use a relative's or friend's car and are put on its insurance policy as a 'named driver' before taking to the wheel. Cutting corners is not advised and remember when you do get a car policy, cover comes in different levels - third party only is the minimum legal requirement.
To recap, here are a few points to keep in mind:
* You need a policy before driving a car on UK public roads.
* Insurance needs to be in place before you take to the wheel, whatever your reason for driving that car.
* Learner drivers also need to be covered when driving on public roads.
* Penalties for driving without a policy can include points on your licence and heavy fines.
Russell Marlow is a London based freelance writer who writes about financial products including car insurance.
Article Source: http://EzineArticles.com/?expert=Russell_Marlow
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It's important that you have a car insurance policy before you actually drive the vehicle in question. It's illegal to drive a car on UK roads without a relevant policy for it. This applies whether you are simply driving a car from one house to another or going for a long journey on a motorway - you must have a car insurance policy to be within the law.
It's even illegal to drive the car from the point of purchase to your home if you do not have a policy in place. This might seem strange as some people might be worried about buying a car insurance policy for a vehicle they have not yet sealed a deal for. The way around this is to get somebody who has fully comprehensive cover allowing them to drive other vehicles to drive the car back to your home address for you. Alternatively, whoever it is you are buying the car from may allow you to put down a deposit, a proportion of the final sale price, to secure the car while you go away and sort a cover policy before driving it away and paying the full amount.
The main point is that there are no exceptions when it comes to the law, you must have a relevant policy in place before you drive a car on public roads. The police take a dim view of those who are caught. You can end up in court and face penalty points on your licence plus a fine. Persistent offenders may end up with a driving ban, and those who routinely break the law can even find themselves going to prison.
Although many people are still tempted and fail to get a policy, current technology means it is easier for officers to catch offenders. Something called automatic number plate recognition or ANPR technology means the police can simply use a camera to record the registration numbers of passing vehicles and compare them instantly to a database to see if they have a policy on them. Any questionable vehicles flagged up by the system will probably find themselves instantly pulled over.
Car insurance is also still needed if you are a learner driver, and you will need something in place before you take to the roads with your L plates and qualified driver in the passenger seat. Many people use a relative's or friend's car and are put on its insurance policy as a 'named driver' before taking to the wheel. Cutting corners is not advised and remember when you do get a car policy, cover comes in different levels - third party only is the minimum legal requirement.
To recap, here are a few points to keep in mind:
* You need a policy before driving a car on UK public roads.
* Insurance needs to be in place before you take to the wheel, whatever your reason for driving that car.
* Learner drivers also need to be covered when driving on public roads.
* Penalties for driving without a policy can include points on your licence and heavy fines.
Russell Marlow is a London based freelance writer who writes about financial products including car insurance.
Article Source: http://EzineArticles.com/?expert=Russell_Marlow
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5 Reasons For Having Insurance
General
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By Phillip Darcy
The cost of insurance is rising all the time and many people are now starting to wonder if it is actually one of life's necessities. There are many different types of insurance and it can be expensive to cover everything that only has a slight chance of happening. Unfortunately though we cannot guarantee nothing bad will happen to us, our families or our belongings! There are still plenty of good reasons for taking out those insurance policies.
1. You never know what is going to happen. This is the main reason for having insurance. If you are covered and someone breaks in to your home and steals something you get it replaced, if you break your hip you get it replaced etc. This is how insurance should work.
2. You can't trust nature - In early 2009 bush fires ravaged the southern Australian state of Victoria destroying over 1000 homes (not to mention vehicles and possessions). This is but one example of the destructive forces of nature. Add storms, hurricanes, tornadoes, earthquakes, tsunamis, floods etc. into the mix and it becomes very clear that insurance is still very necessary!
3. You can't trust other people - Accidents happen to everyone, but there are people who cause accidents through negligence, a drunk driver for example. Not being insured doesn't mean you can't sue them, but at least you are covered from the start!
4. It's not as expensive as you might think - Insurance plans can seem expensive, but there are always ways to save money, like bundling different types of insurance together for example.
5. For your peace of mind - Knowing that you (and your family) are covered by an insurance policy if something unfortunate does happen can help put your mind at ease.
Phillip writes for the best insurance plans website with featured articles such as life insurance for the elderly.
Article Source: http://EzineArticles.com/?expert=Phillip_Darcy
Read More......
The cost of insurance is rising all the time and many people are now starting to wonder if it is actually one of life's necessities. There are many different types of insurance and it can be expensive to cover everything that only has a slight chance of happening. Unfortunately though we cannot guarantee nothing bad will happen to us, our families or our belongings! There are still plenty of good reasons for taking out those insurance policies.
1. You never know what is going to happen. This is the main reason for having insurance. If you are covered and someone breaks in to your home and steals something you get it replaced, if you break your hip you get it replaced etc. This is how insurance should work.
2. You can't trust nature - In early 2009 bush fires ravaged the southern Australian state of Victoria destroying over 1000 homes (not to mention vehicles and possessions). This is but one example of the destructive forces of nature. Add storms, hurricanes, tornadoes, earthquakes, tsunamis, floods etc. into the mix and it becomes very clear that insurance is still very necessary!
3. You can't trust other people - Accidents happen to everyone, but there are people who cause accidents through negligence, a drunk driver for example. Not being insured doesn't mean you can't sue them, but at least you are covered from the start!
4. It's not as expensive as you might think - Insurance plans can seem expensive, but there are always ways to save money, like bundling different types of insurance together for example.
5. For your peace of mind - Knowing that you (and your family) are covered by an insurance policy if something unfortunate does happen can help put your mind at ease.
Phillip writes for the best insurance plans website with featured articles such as life insurance for the elderly.
Article Source: http://EzineArticles.com/?expert=Phillip_Darcy
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Top 5 Types of Insurance You Should Be Covered For
General
|
By Jeff Salmon
Insurance is a necessity in the modern world where Mother Nature, poor drivers, thieves and accidents are just a handful of risks which can upturn your life and leave you and your finances vulnerable. Although it can seem like a needless expense, investing in insurance is the only way to prepare for the worst. With so many hazards at home, in the workplace and on the roads how do you know which types of insurance to choose? Below are 5 types of insurance which you should consider investing in.
1) Personal injury
We've all seen the adverts asking if we've been injured in an accident at work or in a public place but what would the consequences be if you actually did have an accident? You may not be able to work for a period of time and you may need to get help to look after your family or even yourself. Some of most common personal injury claims include road accidents, tripping, assault and accidents on holiday. Accidents can happen to anyone but if you work in a particularly dangerous environment, spend a lot of time behind the wheel or enjoy extreme sports, then you should consider investing in personal injury insurance.
2) Fire
All homes are at a risk from fire but the level of the risk will depend on what types of preventative measures you have in place. If you have a smoke alarm on every floor in your home and a fire extinguisher in the kitchen then your home is arguably less at risk. If the worst does happen then the aftermath of a fire can be extremely traumatic and even small fires can result in needing to spend money redecorating and replacing damaged furniture. It's worth getting covered so that the aftermath of the fire is less of a financial burden and you can have the right help on hand.
3) Flooding
In 2006 the UK saw some of the worst floods on records with thousands of homes and businesses being wrecked by water across the country. This scale of devastation proves that it's not just coastal or riverside properties which are at risk from floods and any low lying area could be affected. Arranging alternative accommodation, making repairs and replacing possessions is just the start of recovering from a flood and in some cases it take months for your home to become liveable again. Being insured can make the recovery process much smoother and also give you peace of mind if you are in a high risk area.
4) Burglary
A break in can result in your possessions being stolen and potentially damage your home if they break a window or force a door. If you live in a high risk area or in a home which is older and perhaps more vulnerable to thieves then upgrade your home security and find out exactly what your home insurance covers in terms of theft and consider raising your policy.
5) Subsidence
Subsidence is usually just associated with homes on coastal edges, steep cliffs or in mining regions but extreme weather such as flooding and the type of ground the house is built on can also cause subsidence. Subsidence can cause cracks in your property walls and damage to piping and outside areas of your home such as drive ways and patios which can affect the foundations of your home and put your property and family at risk.
Insurance is sometimes the only preventative measure you can take against accidents, break-ins and extreme weather so it's wise to check your policies to see if you have the right insurance to cover your home and lifestyle.
This article was written by Jeff Salmon of Salmon Assessors, a claims negotiation company based in London which helps people to get what they are entitled to when making insurance claims.
Article Source: http://EzineArticles.com/?expert=Jeff_Salmon
Read More......
Insurance is a necessity in the modern world where Mother Nature, poor drivers, thieves and accidents are just a handful of risks which can upturn your life and leave you and your finances vulnerable. Although it can seem like a needless expense, investing in insurance is the only way to prepare for the worst. With so many hazards at home, in the workplace and on the roads how do you know which types of insurance to choose? Below are 5 types of insurance which you should consider investing in.
1) Personal injury
We've all seen the adverts asking if we've been injured in an accident at work or in a public place but what would the consequences be if you actually did have an accident? You may not be able to work for a period of time and you may need to get help to look after your family or even yourself. Some of most common personal injury claims include road accidents, tripping, assault and accidents on holiday. Accidents can happen to anyone but if you work in a particularly dangerous environment, spend a lot of time behind the wheel or enjoy extreme sports, then you should consider investing in personal injury insurance.
2) Fire
All homes are at a risk from fire but the level of the risk will depend on what types of preventative measures you have in place. If you have a smoke alarm on every floor in your home and a fire extinguisher in the kitchen then your home is arguably less at risk. If the worst does happen then the aftermath of a fire can be extremely traumatic and even small fires can result in needing to spend money redecorating and replacing damaged furniture. It's worth getting covered so that the aftermath of the fire is less of a financial burden and you can have the right help on hand.
3) Flooding
In 2006 the UK saw some of the worst floods on records with thousands of homes and businesses being wrecked by water across the country. This scale of devastation proves that it's not just coastal or riverside properties which are at risk from floods and any low lying area could be affected. Arranging alternative accommodation, making repairs and replacing possessions is just the start of recovering from a flood and in some cases it take months for your home to become liveable again. Being insured can make the recovery process much smoother and also give you peace of mind if you are in a high risk area.
4) Burglary
A break in can result in your possessions being stolen and potentially damage your home if they break a window or force a door. If you live in a high risk area or in a home which is older and perhaps more vulnerable to thieves then upgrade your home security and find out exactly what your home insurance covers in terms of theft and consider raising your policy.
5) Subsidence
Subsidence is usually just associated with homes on coastal edges, steep cliffs or in mining regions but extreme weather such as flooding and the type of ground the house is built on can also cause subsidence. Subsidence can cause cracks in your property walls and damage to piping and outside areas of your home such as drive ways and patios which can affect the foundations of your home and put your property and family at risk.
Insurance is sometimes the only preventative measure you can take against accidents, break-ins and extreme weather so it's wise to check your policies to see if you have the right insurance to cover your home and lifestyle.
This article was written by Jeff Salmon of Salmon Assessors, a claims negotiation company based in London which helps people to get what they are entitled to when making insurance claims.
Article Source: http://EzineArticles.com/?expert=Jeff_Salmon
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Health Insurance Quotes Online - 3 Questions to Answer Before You Shop
By Barbara Dearing
Ready to shop for health insurance quotes online? Maybe -- maybe not. Shopping for any type of insurance usually requires the shopper to make a number of on-the-spot decisions, so it helps to have your priorities firmly in mind before you begin. If you want to avoid a mind-numbing shopping experience, you may want to write down the answers to the following 3 questions -- before you fire up your computer and start shopping for online quotes.
1. How flexible are you? Do you have your heart set on seeing a specific doctor, or receiving medical care at a specific hospital? If so, you will want to start your shopping process by ruling out all Health Maintenance Organizations (HMO's), which are very restrictive about using their "in network" health care providers.
On the other hand, if you have been referred to a particular HMO, ask them up front whether or not your favorite providers are included in their network. If not, you'll want to look elsewhere -- perhaps a PPO that provides more flexibility.
2. How healthy are you? Are you looking for a specific kind of coverage? Keep in mind that health insurance coverage comes in all shapes, sizes and flavors and what is necessary for your neighbor isn't necessarily the right kind of coverage for you. Think about your lifestyle and decide whether or not any of the following optional benefits are important to you -- prescription drug coverage, mental health benefits, maternity care, vision care, dental, or chiropractic care. If you don't expect to need these benefits, there is certainly no point in paying for them in your policy.
On the other hand, make sure you are including optional coverage that you are likely to need. For example, if you have any thought of starting a family in the near future, maternity benefits are an absolute necessity as they will be prohibitively expensive or impossible to purchase once a pregnancy has occurred.
3. How much deductible can you afford? Early in the quote-seeking process, you will need to declare the amount of deductible you are seeking. Remember, the higher the deductible, the lower your premiums. It is generally advised that you accept the highest deductible being offered, even if it seems like a financial stretch -- the lower premiums will usually out-weigh the deductible over time.
Once you have a firm grasp of the flexibility, coverage and deductible that you're seeking, you're ready to begin shopping for health insurance quotes online. If you need help finding the right quote provider, please visit the website recommended below.
Barb Dearing is a freelance writer, specializing in topics that help consumers save money in a variety of areas. She recommends the following website for consumers seeking multiple health insurance quotes: http://www.shop-health-insurance-quotes.com
Article Source: http://EzineArticles.com/?expert=Barbara_Dearing
Read More......
Ready to shop for health insurance quotes online? Maybe -- maybe not. Shopping for any type of insurance usually requires the shopper to make a number of on-the-spot decisions, so it helps to have your priorities firmly in mind before you begin. If you want to avoid a mind-numbing shopping experience, you may want to write down the answers to the following 3 questions -- before you fire up your computer and start shopping for online quotes.
1. How flexible are you? Do you have your heart set on seeing a specific doctor, or receiving medical care at a specific hospital? If so, you will want to start your shopping process by ruling out all Health Maintenance Organizations (HMO's), which are very restrictive about using their "in network" health care providers.
On the other hand, if you have been referred to a particular HMO, ask them up front whether or not your favorite providers are included in their network. If not, you'll want to look elsewhere -- perhaps a PPO that provides more flexibility.
2. How healthy are you? Are you looking for a specific kind of coverage? Keep in mind that health insurance coverage comes in all shapes, sizes and flavors and what is necessary for your neighbor isn't necessarily the right kind of coverage for you. Think about your lifestyle and decide whether or not any of the following optional benefits are important to you -- prescription drug coverage, mental health benefits, maternity care, vision care, dental, or chiropractic care. If you don't expect to need these benefits, there is certainly no point in paying for them in your policy.
On the other hand, make sure you are including optional coverage that you are likely to need. For example, if you have any thought of starting a family in the near future, maternity benefits are an absolute necessity as they will be prohibitively expensive or impossible to purchase once a pregnancy has occurred.
3. How much deductible can you afford? Early in the quote-seeking process, you will need to declare the amount of deductible you are seeking. Remember, the higher the deductible, the lower your premiums. It is generally advised that you accept the highest deductible being offered, even if it seems like a financial stretch -- the lower premiums will usually out-weigh the deductible over time.
Once you have a firm grasp of the flexibility, coverage and deductible that you're seeking, you're ready to begin shopping for health insurance quotes online. If you need help finding the right quote provider, please visit the website recommended below.
Barb Dearing is a freelance writer, specializing in topics that help consumers save money in a variety of areas. She recommends the following website for consumers seeking multiple health insurance quotes: http://www.shop-health-insurance-quotes.com
Article Source: http://EzineArticles.com/?expert=Barbara_Dearing
Read More......
Do You Need A Health Insurance Plan?
By Uma A Ilango
Medical Bills Can Ruin You
There is no socialized medical care in the United States of America. This means that in times of medical need, you will have to pay for the bills out of your own pocket. All it takes is one serious illness or an accident to send you filing for bankruptcy. The medical bills can be raked up to tens of thousands of dollars easily.
Haven’t Got Any Health Insurance?
It is no doubt that with the surmounting bills and expenses of basic necessities in daily life, setting aside money for it may seem like a luxury or a chore. To make matters worse, a lot of plans in the market are relatively expensive. In order to feel good about the decision to not buy one, we tell ourselves a simple lie – It will never happen to me. We may even justify the decision by looking for facts to substantiate it such as being a non-smoker or having a low-risk job. Are you guilty of this?
Do you really believe that serious illnesses and freak accidents choose a particular group or type of people to “attack”? Nobody says that a non-smoker will never get cancer. All the experts say is that a smoker stands a higher chance of getting cancer. Are you really invincible? Of course, there are others who have not invested in a health insurance due to other reasons such as lack of funds or lack of understanding of how it works.
Health Insurance 101
A health insurance is basically a protection against large medical bills. You can pay monthly, quarterly or annually for your it. The first step to getting a good one is to assess your current financial standing as well as health conditions and needs. There are many types of these plans in the market and you should be able to find one that fits your situation.
Group health insurance is affordable and it can be gotten via your employer for you and your colleagues. A private one also come in many forms – indemnity insurance plans, HMO plans, POS plans and PPO plans. Find out more about each of these plans so that your final choice will be one that is well-informed. Research is required to get a good idea of it. As in other service sectors, these plans are also susceptible to a degree of misleading advertisement, promises and information. Often you hear that it will cover most or all of the medical bills. On the contrary, it does not happen all the time. It all depends on the terms, conditions and limitations listed in the health insurance plan.
As this is quite tricky and requires quite a bit of reading up and work, you may consider hiring the services of health insurance broker. Another way of getting the perfect one is to use the information on the Internet to guide you to read and understand the plans. There are many articles to help you do this. There are also many websites that help you to compare various quotes online. Also obtain online reviews about how well the health insurance company you are interested in has dealt with previous clients’ needs. For those who may need more financial assistance, there are government funded such programs such as Medicaid and Medicare. Look them up as well.
Not having a health insurance is a serious gamble with far-reaching financial and emotional effects. It need not be costly. Look for an affordable one. Know the terms, conditions and limitations. To be honest, I do wish all of you are invincible and will never ever be in a situation where you are faced with large medical bills. At the same time, I know that isn’t reality and I sincerely wish you’ll not be caught unprepared.
Many people consider that finding health insurance are for those who fall ill often and those who do risk filled jobs. However, the truth lies in the way when sudden blow of health hazard occupies one of our family members leading to consecutive problems in economy and normal life. Having a Healthinsurance is a must.
Uma Ilango is a programmer from profession. Has lots of interest in non-technical writing too. She has written articles in several topics. Her hobbies include reading, surfing, writing and playing chess. She writes regularly at Bigarticlepool.com
Article Source: http://EzineArticles.com/?expert=Uma_A_Ilango
Read More......
Medical Bills Can Ruin You
There is no socialized medical care in the United States of America. This means that in times of medical need, you will have to pay for the bills out of your own pocket. All it takes is one serious illness or an accident to send you filing for bankruptcy. The medical bills can be raked up to tens of thousands of dollars easily.
Haven’t Got Any Health Insurance?
It is no doubt that with the surmounting bills and expenses of basic necessities in daily life, setting aside money for it may seem like a luxury or a chore. To make matters worse, a lot of plans in the market are relatively expensive. In order to feel good about the decision to not buy one, we tell ourselves a simple lie – It will never happen to me. We may even justify the decision by looking for facts to substantiate it such as being a non-smoker or having a low-risk job. Are you guilty of this?
Do you really believe that serious illnesses and freak accidents choose a particular group or type of people to “attack”? Nobody says that a non-smoker will never get cancer. All the experts say is that a smoker stands a higher chance of getting cancer. Are you really invincible? Of course, there are others who have not invested in a health insurance due to other reasons such as lack of funds or lack of understanding of how it works.
Health Insurance 101
A health insurance is basically a protection against large medical bills. You can pay monthly, quarterly or annually for your it. The first step to getting a good one is to assess your current financial standing as well as health conditions and needs. There are many types of these plans in the market and you should be able to find one that fits your situation.
Group health insurance is affordable and it can be gotten via your employer for you and your colleagues. A private one also come in many forms – indemnity insurance plans, HMO plans, POS plans and PPO plans. Find out more about each of these plans so that your final choice will be one that is well-informed. Research is required to get a good idea of it. As in other service sectors, these plans are also susceptible to a degree of misleading advertisement, promises and information. Often you hear that it will cover most or all of the medical bills. On the contrary, it does not happen all the time. It all depends on the terms, conditions and limitations listed in the health insurance plan.
As this is quite tricky and requires quite a bit of reading up and work, you may consider hiring the services of health insurance broker. Another way of getting the perfect one is to use the information on the Internet to guide you to read and understand the plans. There are many articles to help you do this. There are also many websites that help you to compare various quotes online. Also obtain online reviews about how well the health insurance company you are interested in has dealt with previous clients’ needs. For those who may need more financial assistance, there are government funded such programs such as Medicaid and Medicare. Look them up as well.
Not having a health insurance is a serious gamble with far-reaching financial and emotional effects. It need not be costly. Look for an affordable one. Know the terms, conditions and limitations. To be honest, I do wish all of you are invincible and will never ever be in a situation where you are faced with large medical bills. At the same time, I know that isn’t reality and I sincerely wish you’ll not be caught unprepared.
Many people consider that finding health insurance are for those who fall ill often and those who do risk filled jobs. However, the truth lies in the way when sudden blow of health hazard occupies one of our family members leading to consecutive problems in economy and normal life. Having a Healthinsurance is a must.
Uma Ilango is a programmer from profession. Has lots of interest in non-technical writing too. She has written articles in several topics. Her hobbies include reading, surfing, writing and playing chess. She writes regularly at Bigarticlepool.com
Article Source: http://EzineArticles.com/?expert=Uma_A_Ilango
Read More......
Various Types of Insurance Plans - How to Choose the Right Plan?
By Mona Agarwal
In this world, every person wants to secure his family. He can invest money in PPF, Mutual funds, insurance plans and many more.
There are numerous insurance policies provided by various insurance companies. So we can not easily decide the perfect policy for ourselves. There is a short description of some life insurance policies that may help you in choosing the right plan.
Term Life Insurance: - Term life insurance is an insurance which gives coverage for a particular time of period. After this period, the policy holder can continue his policy or can drop his policy. If the policy holder dies in the term period, nominee will get the death benefit. This insurance plan is very affordable. The policy holder can pay a low monthly premium that is based on the term length and amount of the coverage you choose.
Whole life insurance: - Unlike term insurance, a whole life insurance policy gives the coverage for the entire life not a particular time of period. In this insurance policy, the policy holder gives the insurance premium amount from the date of issue of policy until he completes 100 years. If he dies in this period, then his dependent will get the face value of the policy. This policy can also used as an asset. A person can also take loans from the cash accumulation with the help of policy. If the person reaches at the age of 100, he will get full amount immediately.
Money back insurance: - In money back insurance plans, the policy holder will get periodic payments of partial survival benefits during the term of the policy. The main feature of this policy is that if the insured person dies during the policy term, the death claim will be given to his nominee with sum assured without deducting any of the survival benefit amounts.
ULIP insurance plans: - ULIP plans are the combination of investment and insurance. This is a long term, systematic and goal based investment plan. One can get tax benefits under section 80c of the Income Tax Act. The two key features of this product are flexibility and transparency. Many ULIP plans provide options to increase or reduce premiums after three years.
Riders: - Riders are additional benefits that one can opt to include in one's policy over and above what the insurance policy provides. These add-ons come with extra premium charges that depend on the rider you have opted. One can not buy these riders separately.
To summarize, there are details of some insurance policies that may help you to select the right plan for you. Before purchasing any insurance policy, an individual should compare all the policies and choose the policy that meets his requirements.
This article provides the information about various insurance plans. As we know that "insurance is a contract between the insurer and the insured person". So each person wants to choose the correct insurance policy. Here, we are also providing some information about insurance policies. If you want to know more information about insurance, you can also visit:- http://www.insurancereview.in
Article Source: http://EzineArticles.com/?expert=Mona_Agarwal
Read More......
In this world, every person wants to secure his family. He can invest money in PPF, Mutual funds, insurance plans and many more.
There are numerous insurance policies provided by various insurance companies. So we can not easily decide the perfect policy for ourselves. There is a short description of some life insurance policies that may help you in choosing the right plan.
Term Life Insurance: - Term life insurance is an insurance which gives coverage for a particular time of period. After this period, the policy holder can continue his policy or can drop his policy. If the policy holder dies in the term period, nominee will get the death benefit. This insurance plan is very affordable. The policy holder can pay a low monthly premium that is based on the term length and amount of the coverage you choose.
Whole life insurance: - Unlike term insurance, a whole life insurance policy gives the coverage for the entire life not a particular time of period. In this insurance policy, the policy holder gives the insurance premium amount from the date of issue of policy until he completes 100 years. If he dies in this period, then his dependent will get the face value of the policy. This policy can also used as an asset. A person can also take loans from the cash accumulation with the help of policy. If the person reaches at the age of 100, he will get full amount immediately.
Money back insurance: - In money back insurance plans, the policy holder will get periodic payments of partial survival benefits during the term of the policy. The main feature of this policy is that if the insured person dies during the policy term, the death claim will be given to his nominee with sum assured without deducting any of the survival benefit amounts.
ULIP insurance plans: - ULIP plans are the combination of investment and insurance. This is a long term, systematic and goal based investment plan. One can get tax benefits under section 80c of the Income Tax Act. The two key features of this product are flexibility and transparency. Many ULIP plans provide options to increase or reduce premiums after three years.
Riders: - Riders are additional benefits that one can opt to include in one's policy over and above what the insurance policy provides. These add-ons come with extra premium charges that depend on the rider you have opted. One can not buy these riders separately.
To summarize, there are details of some insurance policies that may help you to select the right plan for you. Before purchasing any insurance policy, an individual should compare all the policies and choose the policy that meets his requirements.
This article provides the information about various insurance plans. As we know that "insurance is a contract between the insurer and the insured person". So each person wants to choose the correct insurance policy. Here, we are also providing some information about insurance policies. If you want to know more information about insurance, you can also visit:- http://www.insurancereview.in
Article Source: http://EzineArticles.com/?expert=Mona_Agarwal
Read More......
How to Select an Insurance Company
By Lorna Greenwood
Caveat emptor - Let the buyer beware! Unfortunately, it's difficult area to be well informed in insurance for many consumers because of the number of insurance companies, kinds of coverage and similarity of names. Add to that the global aspect of the modern business climate, and the struggle can be even greater.
If you're looking for coverage for your home or car, chances are you're familiar with the companies you contact for quotes. Many insurance companies advertise in trusted areas and have long-standing reputations. You know them. When a consumer steps out in a new arena, it pays to be even more informed.
For example, one of the fastest growing industries is Medical Tourism, in which patients travel for health care.
Typically the patient travels overseas for cost savings, often to gleaming facilities with skilled surgeons and other healthcare providers. The cost savings can begin from the ground up, with state of the art facilities being constructed for 1/5 the cost for the same building in the US. Complications can arise from surgery performed anywhere. When patients travel for healthcare savings, they want to know that if a complication arises, they won't see their savings erode. Specialty insurance can cover trip cancellation, travel accident, complications of surgery and more to alleviate that concern.
Because they are specialty policies, they can vary widely. It's important for consumers to compare coverage to ensure they're getting coverage that truly meets their needs. A side by side comparison is important in this regard. Ask about exclusions, coverage periods, deductibles, taxes and fees, etc.
Further, new trends and industries create opportunities for unscrupulous offers from fictitious insurance companies. Because they can appear to be very official, and perhaps claim to be organized outside the US, consumers may feel that they fictitious company is real and legitimate. These bad apples don't spoil the whole bunch, but they can certainly leave a bad taste when they're chosen by mistake!
Insurance companies cannot be set up overnight in any country, and are either listed or reviewed by companies who rate insurers, such as Standard & Poor's or A.M. Best. Even foreign companies are rated, or at least listed (if they have not been in business long enough or otherwise don't meet the criteria to be rated.)
I recently came across a policy that was offered to medical tourists as a patient's version of Malpractice insurance. It is conceivable, but very unusual for a patient to be able to purchase malpractice insurance on a doctor (and I would add that a patient who experiences a complication of surgery would want coverage whether it was the result of malpractice or not.) It included a claim deposit that the patient had to pay if he needed to make a claim. Such requirements are highly unusual, and should prompt the consumer to investigate the validity of the company and the policy.
Consumers should always check insurance companies out, either through their trusted agent or by asking A.M. Best (www.ambest.com) or other rating companies directly. Also check with the Better Business Bureau and your state department of insurance for complaints. Consumers should also ask the insurance company who handles their product, so they know they're dealing with the right and authorized agent. An insurance company can be a victim of an unscrupulous person as well as can a consumer, when someone pretends to represent the insurance company. And unfortunately, if money is paid to a fictitious company, it can be very difficult to recover - if it can be recovered.
If in doubt, call on your trusted insurance agent to help you navigate the waters. Get quotes from several companies, check out the companies and agents, compare coverage forms, and move forward knowing that while no insurance policy is everything to everyone, you've made an informed choice for the best option for your needs.
Lorna Greenwood, WCS, CRM, CIC, CISR, ACSR is Program Manager at US Risk Underwriters, Inc. in Dallas, Texas with over fifteen years of experience in the insurance industry, plus ten years experience in real estate investment portfolio management. Visit http://usrisk.com/medtour.htm and http://www.usrisk.com/uw_vocal.htm for more information on her programs. Lorna underwrites MedTour Pro - coverage for Medical Tourism Facilitators, Employers who offer Medical Tourism Benefits to employees; and MedTour - coverage for the medical tourist.
Article Source: http://EzineArticles.com/?expert=Lorna_Greenwood
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Caveat emptor - Let the buyer beware! Unfortunately, it's difficult area to be well informed in insurance for many consumers because of the number of insurance companies, kinds of coverage and similarity of names. Add to that the global aspect of the modern business climate, and the struggle can be even greater.
If you're looking for coverage for your home or car, chances are you're familiar with the companies you contact for quotes. Many insurance companies advertise in trusted areas and have long-standing reputations. You know them. When a consumer steps out in a new arena, it pays to be even more informed.
For example, one of the fastest growing industries is Medical Tourism, in which patients travel for health care.
Typically the patient travels overseas for cost savings, often to gleaming facilities with skilled surgeons and other healthcare providers. The cost savings can begin from the ground up, with state of the art facilities being constructed for 1/5 the cost for the same building in the US. Complications can arise from surgery performed anywhere. When patients travel for healthcare savings, they want to know that if a complication arises, they won't see their savings erode. Specialty insurance can cover trip cancellation, travel accident, complications of surgery and more to alleviate that concern.
Because they are specialty policies, they can vary widely. It's important for consumers to compare coverage to ensure they're getting coverage that truly meets their needs. A side by side comparison is important in this regard. Ask about exclusions, coverage periods, deductibles, taxes and fees, etc.
Further, new trends and industries create opportunities for unscrupulous offers from fictitious insurance companies. Because they can appear to be very official, and perhaps claim to be organized outside the US, consumers may feel that they fictitious company is real and legitimate. These bad apples don't spoil the whole bunch, but they can certainly leave a bad taste when they're chosen by mistake!
Insurance companies cannot be set up overnight in any country, and are either listed or reviewed by companies who rate insurers, such as Standard & Poor's or A.M. Best. Even foreign companies are rated, or at least listed (if they have not been in business long enough or otherwise don't meet the criteria to be rated.)
I recently came across a policy that was offered to medical tourists as a patient's version of Malpractice insurance. It is conceivable, but very unusual for a patient to be able to purchase malpractice insurance on a doctor (and I would add that a patient who experiences a complication of surgery would want coverage whether it was the result of malpractice or not.) It included a claim deposit that the patient had to pay if he needed to make a claim. Such requirements are highly unusual, and should prompt the consumer to investigate the validity of the company and the policy.
Consumers should always check insurance companies out, either through their trusted agent or by asking A.M. Best (www.ambest.com) or other rating companies directly. Also check with the Better Business Bureau and your state department of insurance for complaints. Consumers should also ask the insurance company who handles their product, so they know they're dealing with the right and authorized agent. An insurance company can be a victim of an unscrupulous person as well as can a consumer, when someone pretends to represent the insurance company. And unfortunately, if money is paid to a fictitious company, it can be very difficult to recover - if it can be recovered.
If in doubt, call on your trusted insurance agent to help you navigate the waters. Get quotes from several companies, check out the companies and agents, compare coverage forms, and move forward knowing that while no insurance policy is everything to everyone, you've made an informed choice for the best option for your needs.
Lorna Greenwood, WCS, CRM, CIC, CISR, ACSR is Program Manager at US Risk Underwriters, Inc. in Dallas, Texas with over fifteen years of experience in the insurance industry, plus ten years experience in real estate investment portfolio management. Visit http://usrisk.com/medtour.htm and http://www.usrisk.com/uw_vocal.htm for more information on her programs. Lorna underwrites MedTour Pro - coverage for Medical Tourism Facilitators, Employers who offer Medical Tourism Benefits to employees; and MedTour - coverage for the medical tourist.
Article Source: http://EzineArticles.com/?expert=Lorna_Greenwood
Read More......
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