Insurance companies are for-profit organizations – i.e. they’re businesses.  The one basic hard and fast rule that universally applies is that in order to stay in business, the company has to acquire more revenue than they have to spend for operating expenses.  For this reason, the insurer has to be able to accurately determine the probability that the risk of providing coverage to a particular individual will not be an unprofitable transaction for the company.  In order to make this assessment, a variety of data is accumulated and analyzed and a formula is then created.  The formula is applied based on the data available and the premium is based on the likelihood that the insured will at some point incur a loss – i.e. file a claim.

The following is a breakdown of the most common factors used by insurers in order to best calculate risk.

Type of Motorcycle

Every type of bike has a different demographic in terms of its core rider.  Touring bikes typically are owned by older clientele, whereas sport bikes are usually ridden by younger generations.  The type of rider typifies a number of variables; experience of the operator, likelihood the bike will be properly maintained, probably the motorcycle will be abused, etc.  It doesn’t take anything more than basic common sense to realize that an 18 year old kid riding a 1000cc crotch rocket is exponentially more likely to lay his bike down at some point than a 50 year old man cruising around on a Harley Davidson or a Honda Goldwing.  These generalizations are often viewed as unfair, but statistical data doesn’t lie.  Furthermore, ask yourself when the last time you saw a guy on a Kawasaki Ninja with a ZZ Top beard straggling out the bottom of his helmet?

Credit Score

Another factor in determining the premium of the insured is his/her credit rating.  It may again seem unfair that people with poorer credit ratings have to pay more, but again – the basis for this is in the data.  Statistically speaking, the lower the credit score of the driver, the more likely he/she is to be involved in an accident that results in a claim or a loss.  Therefore, those with lower credit scores are forced to pay higher premiums.

The Deductible

The higher the deductible the insured is willing to incur, the lower the premium will be.

Driver History

A highway accident that involved a motorcycle is much more likely to result in a total loss.  Combine that with the fact that a driver with prior moving violations is of an increased likelihood of an accident, and the premiums are going to be lower for a rider whose driving record is clean.

Source by Jim Buchanan

Dental braces are now considered not only as a way of making a person looks good by reshaping the outward growth of his or her teeth to become vertically inclined inside his or her mouth to preclude an ugly look that might otherwise destroy his or her beautiful face. Indeed, a beautiful face can be severely destroyed by a protruding mouth due to the outward growth of teeth inside the mouth. These braces are also instrumental in setting the right positions of teeth in the mouth to enable a more efficient chewing of foods.

Because of its importance, a family would now have to subject their son or daughter with outward growing teeth to be corrected with the use of dental braces. If a family is covered by a health insurance, there is the possibility that dental braces might be partially covered by the insurance. Partial coverage can help defray the cost of dental braces. It is however advisable that if you have insurance that partially covers the cost of dental braces, an added or supplemental insurance would be needed so as to make you completely free from the high cost that dental braces can bring.

Primarily because of its cost and the growing needs of families to correct the abnormal growth positions of their children’s teeth that might otherwise affect their health and facial beauty, insurance companies have now designed very affordable insurance for dental braces. This type of insurance will now make it easy on the pocket of parents who might find it hard to have dental braces for their children due to its prohibitive cost.

Orthodontic care is a specialized aspect of the dental profession. This is why you will find that dental braces which form part of orthodontic care are more likely to be priced much higher than the cost of other types of dental care.

Low cost dental braces insurance can be very helpful. This actually is one reason why there are already many children or even teenagers who have dental braces, not withstanding the high cost of such dental service. It should however be noted that if you are planning to have a low cost dental brace insurance for your family, care in selecting the type of dental brace insurance policy should be fully made.

There have been numerous cases whereby the total amounts of insurance coverage were not sufficient to cover for the total cost of dental braces. This situation will only tend to aggravate further the financial strain to the family because of the additional expenses that they will have to overcome.

Scrutinizing carefully the fine print of the Insurance policy should be made prior to signing and paying the first premium of your low cost dental brace insurance. If you find parts of the policy you are not clear about, always clear this out with the office of the insurance company. Doing it this way will make you aware if until how much is your insurance coverage and if what are the other limitation of your low cost insurance dental brace coverage.

There are dental terms that you might encounter aside from legal terminology that are sometimes used in the fine print. Take time out to inquire about these terms and be clarified since you have every right to know what you are going into an agreement in the first place.

Source by Jane A. Smith

It is a popular misconception that if you own a condo that your landlord’s master policy has you covered. This couldn’t be further from the truth. Most master policies provide coverage for the building itself but as far as your personal belongings are concerned, you are on your own unless you take out a condo hazard insurance policy.

Condo hazard insurance doesn’t have to cost you an arm and a leg. You can find the going rate for condo hazard insurance quotes in your area by comparing different providers online.

An adequate condo hazard insurance provides both extensive contents coverage as well as liability coverage. It is typically referred to as an HO-6 and typically covers damage created as a result of the following:

• Fire
• Vandalism
• Theft
• Natural hazards such as wind, storm, and severe weather

A typical exception from condo hazard insurance policies is flood coverage. If you live on the ground level of your condo building then you might want to talk to a condo insurance agent about adding flood coverage as a rider to your existing policy or you might also want to look into purchasing flood insurance separately through the federal government.

Find Condo Hazard Insurance Online

Don’t make the mistake of assuming you’re taken care of by your landlord’s policy. If you have just purchased a condo or have been living in one without coverage then don’t hesitate and find the right condo hazard insurance policy for you today.

Why Get Condo Insurance Quotes in the First Place?

• Save money.
• Side-by-side comparison of what different condo insurance agents can offer.
• Leverage a better rate quote from your preferred condo insurance vendor.
• Get in touch with different agents; different agents can make a world of difference.

Visit InsuranceAgents.com for more information about condo insurance and/or condo hazard insurance.

Source by Tom Lustina

Professional Indemnity is insurance for a business that is going to be providing some advisory or consultation service, where its employee will be giving professional advice on the company’s behalf. Professional Indemnity will protect your business from any liability arising from third party losses sustained due to the negligence of you or your employees.

Credit Insurance will protect your business in the occurrence that customers fail to pay their invoices, however the risk involved for the insurer means that credit insurance can be difficult to obtain unless your business has been up and running for some time. Legal expense insurance will help cover your business for legal cost incurred in the event of a legal dispute.

Public liability insurance provides legal cover and protection against any third party claims for loss or damages that have occurred during the course of your business; this is often a wise choice of insurance for businesses that involve the public, for instance retailers or leisure facilities. Product liability is necessary for any business manufacturing products; it protects the business against claims that the products you manufacture are faulty and have caused loss to the owner.

Premises Insurance is necessary to provide cover against fire or any other perils; however ensure that you thoroughly check your policy details and are aware of what exactly your premises is covered for. Office insurance will provide cover for office equipment such as computers; faxes etc depending on your office requirements, and similarly factory Insurance will provide cover for machinery and equipment, as well as fire and theft etc within your businesses factory. If you work from home, home office insurance will provide cover for the necessary office equipment; often home office insurance is not included in house insurance so do not make any assumptions.

Employer’s liability is necessary if you have, or intend to have, employee, and will protect you against any claims for bodily harm or death to employees that have occurred during the course of employment. Fidelity insurance will protect you against any losses suffered from employees acting fraudulently or dishonestly. Should a key employee suddenly be unable to work through death or disability key person insurance will cover their direct replacement which may require specialist training; when taking our key person insurance ensure you obtain detailed advice on what it involves and what will be covered as it requires detailed knowledge.

Business travel insurance, as with ordinary travel insurance, will provide cover for the loss or damage of business equipment during travel. Check the policy as business travel insurance can also include the costs of emergency couriers for the delivery of replacement items; and some will cover for the unexpected occurrence of illness or death whilst on a business trip covering the costs for another employee to take their place. Commercial motor insurance will insure your liability to others in the case of a car crash or other motor vehicle incident. This includes death or injury to anybody (but not death or injury to employees while they are working, as they are covered by employer’s liability insurance).

Source by Laura Davis

Individual health insurance coverage can be acquired with some careful researching of many diverse companies that offer health insurance plans and policies and the cost of an individual health insurance plan will differ from one insurance provider to another. Normally these plans are for individuals that are either self-employed or in some cases unemployed. When compared to an insurance plan that covers groups of consumers working for a small business, the coverage for an individual is more costly .
Perhaps the easiest way to be eligible for better health insurance rates and benefits is to instead forget about signing up for an individual health insurance plan and instead focus on finding a group health insurance plan that they can become a part of with other self employed people or by finding a job that offers such a plan as part of its benefits package.
Still trying to decide between group health insurance and an individual health insurance plan is a decision that can only be made by someone facing that situation. It poaches down to contrasting the two health insurance coverage plans in order to see what really the differences, similarities, advantages and disadvantages are between the two. Only then can a consumer can make the right choice and receive the perceived health insurance coverage they need and deserve.
Individual health plans come in two categories:
Managed care plans
Indemnity plans.
Comparatively Managed Care Health Plans are cheaper than indemnity plans. A managed care health plan is a good option if you want to lessen the cost of an individual health policy. Choice is something that you will need to give up if you decide to buy this plan.
Indemnity Plans are traditional health plans and are definitely more expensive than managed care health plans. The positive aspect here is that you can keep hold of the choice of choosing your health provider. The plan is best for the people who becomes frequently ill and depend only on their trusted doctor or hospital for their treatment.
Once you have decided upon the plan, compare a few individual policies to review their coverage. The best way to do this is to get online quotes and visiting state health department laws. Check for the coverage options and the benefits they provide. In case your friends too have bought individual health coverage, discuss with them their satisfaction level and the drawbacks, if any.

Source by Individual Plans

In the event that you find yourself in an accident, whether your fault or not; or, you’re pulled over by the police and do not currently have any auto insurance, this could cause you a whirlwind of trouble. As it is the law in every state for you to carry proof of insurance at all times, failure to do so can result in costly penalties, and possible legal trouble. In the event that you are cited for not having auto insurance, it will be necessary for you to file what is called a SR-22 which provides law enforcement and state officials with evidence that you indeed have purchased car insurance, and you are therefore responsible for financial damages. The SR-22 serves as additional proof, or secondary receipt, that you indeed do have insurance from the time it was filed.

An important thing to note is that not all insurance companies deal with SR-22s. Generally it is automatically submitted to the state upon purchasing car insurance – to prove that you actually are covered. While there are various types of car insurance, such as liability, full coverage, owner policy, and general user policies, it is wise for you ask the insurance company to file the SR-22 anyway, so proof of insurance is provided to the state quicker.

There is a misconception that many have that if you don’t own a vehicle, then they don’t need to file an SR-22. In this scenario, the car insurance only covers liability, and if you are found to be in the wrong, liability will not cover anything that happened to the car that you’re driving.

If you choose to relocate out-of-state, you’ll still need to file an SR-22 in that respective state. Even though requirements for getting insurance may be more lenient, and the price might be much lower, this has no bearing on the fact that an SR-22 still needs to be filed by law.

There are a couple of states that don’t require an SR-22, and they can cause you difficulty. Many of them will not file one if you choose to move out of state. New York and North Carolina are two such examples. There is an appeals process that exists if you are rejected for your request for an SR-22. You can request that they review your account, as you are relocating out-of-state.

In closing, one of the most important factors you need to consider is that if your insurance lapses, or is canceled, your insurance company will tell the state that you’re no longer insured and pull your SR-22. At that point, your drivers license becomes suspended, and the length of suspension depends on the state you are in. Generally, and SR-22 must be on record for about two years.

It is always better to be safe than sorry – so, simply by following these guidelines, and keeping in honest communication with your insurance company regarding your SR-22, should be all you need to help save you many hassles and possible legal woes.

Source by Aaron Buck

What is the major concern for an employer? Taking very good care of their employees is a must. Many have perceived that as an expensive task to overcome, as it means providing the employee with vacations, bonuses, incentive pay, insurance, etc… While all of them are valid reasons there are many ways in which employees can be given benefits that do not drill too deep a hole into the employer’s pocket.

Medical Spending Accounts: MSAs offer benefits and cost-control advantages like no other policy. Self-employed people can use this as also a small group of 50 people. There are two parts to the MSA, one is the high-deductible health-insurance plan (HDHP) and the other is the insurance policy. HDHP offers deductibles in the range $1,500 – $2,250 for single people and $3,000 – $4,500 for families. Medical insurance is claimed using an MSA in a manner similar to any other insurance policy.

CDH, or Consumer-driven Healthcare plans are a good option for those employers who want to involve their employees in framing insurance policies for the firm. There are options like HSA, Healthcare Savings Account and HRA, Healthcare Reimbursement Account, among many others.

401(k) and Savings Benefits: Many small companies have a 401(k) plan or savings plan in place, but hardly any money is contributed to these plans. In spite of this situation, growing companies do not fund more than $2,500 every year to an employee’s saving plan. Most of the small company contributions lie at the maximum of $1,000. Hence funding such saving programs would be a good benefit for the employee. Also identifying a tax-saving scheme would help the employer also.

ESOP, Employee Stock Ownership Program permits the employees to buy stocks in the firm. Stocks can also be offered as incentives and bonuses. ESOP has a tax-deferred status that is valid until the retirement of the employee. Similarly Pension Plans can be devised where an employee can either have a fixed income upon retirement or contribute to the pension fund.

Offering assistance to the employees who have relocated to work with the firm can be a good way to build good-will that will go a long way. Business travelers can be offered perks like being able to take their families on a tour once a year. “Life-style” benefits like grocery coupons, dry-clean services, health insurance for pets, etc… give a sense of belonging to the employee. Having a child-care center is a great way to provide support to working mothers.

Employee Benefits A Consultant can help you!

Source by Morgan Q. Moran

1.       Becoming disabled is your biggest risk.

The chance you might suffer from a long-term disability in your life is about 50%. That means one in two Canadians will experience a long-term disability in their lifetime. The younger you are, the greater the risk. This is because there are many more years ahead of you to work, and the risk of injury is much higher in younger years. If you do suffer from a disability that lasts longer than 90 days, the average time off work is 2.9 years!

2.       Group disability insurance is limited.

Even if you have a group disability insurance policy, chances are you don’t have the full coverage you might think you have. Here are a some reasons why your group disability policy might be limited: you earn bonus or incentive income that is not part of your regular salary, and is not insured; your group plan has limits or a cap on monthly benefits, and your earnings far exceed the monthly cap; you are a professional with specialized skills who would be forced to take ANY type of work after 24 months on disability if you are still not able to do the job you were trained for; your group disability policy only covers TOTAL disability, so if you come back to work part time you lose all your benefits. These are all common examples of the limitations of group disability insurance.

 3.       Your health is your wealth.

In order to go to work each day and be effective we all need to be healthy. It seems like a cliché, but you really don’t know how valuable your health is until you’ve lost it. When suffering from an injury or illness, it becomes difficult to go to work each day, and income can be reduced or cease altogether. Would your bank understand if you can’t make the mortgage payment because of a disability? Will the utilities company forgive your bills? The answer is NO – and no bank will lend you money while on disability. Remember, you have to buy insurance while you are still healthy. Once you become sick or hurt, you become uninsurable.

4.       Your lifestyle depends on your ability to earn an income.

The lifestyle you are accustomed to, and the future dreams you are planning for, depend on your ability to earn income today. The retirement plan you have designed needs to fed each month with your savings. Buying that house, cottage by the lake, RV, etc. all depend on you continuing to earn an income. If income suddenly stops, your future dreams could also go up in a puff of smoke if you are not insured.

5.       You don’t want to do a job you hate.

When you are sick or hurt, do you want to be changing jobs? Maybe you can no longer do the job you love, but do some other, easier job to earn at least some income. Would you want to be forced into doing a job that is beneath your skills and abilities because of a sickness or injury? Without proper disability insurance, this is a reality for many people. Even with a group benefits plan, after 24 months on disability claim for your REGULAR occupation, you will be reassessed to see if you can perform ANY occupation, and if so, be forced into that kind of work. This is a terrible situation.

6.       Self employed or without group benefits leaves you totally exposed.

If you are self employed or working for a company without any type of disability insurance, you are total exposed to income loss. For almost everyone in this situation, disability insurance is something on their radar, but often just doesn’t get done. People procrastinate. How would you feel if you became disabled while you were, “thinking about getting disability insurance.” Also, people often find the cost of disability insurance too high, and wish they could have the cheap stuff offered through employer group disability policies. Actually, the cheap group disability insurance only seems inexpensive to the employees, because the employer is carrying the bulk of the premiums as an added benefit for working there. There is no cheap insurance. The cost for insurance should strive to be fair. If the insurance company would lose money selling the policies, then they just wouldn’t sell them.

7.       You might not always be insurable.

As stated before, you must buy disability insurance while you are still healthy. Once your health changes, due to a serious illness or an injury to a part of your body, you suddenly become high risk. Many people have found out the hard way that they are a high risk for an insurance company. Once you become a “risk statistic” to the insurance companies, one of two things can happen. You could be rated, and asked to pay much higher premiums than a health person for your coverage, or you could be declined – meaning the insurance company doesn’t want to take on your risk. If you leave the doctor’s office feeling uncertain about your future, the insurance company will feel the same way. Get insurance NOW, while you’re still healthy.

8.       You can design a plan to meet your needs.

There are many different types of disability insurance plans. They are highly customizable and can fit your unique needs and budget. There is a lot of complexity to designing the rite disability insurance policy, so be sure to seek out a disability insurance specialist in the insurance industry. There is one thing that is simple – you can’t insure more than you earn. No insurance company wants to give you a reason to stay home, therefore they typically offer about two thirds of your prior earnings in disability insurance benefits. There is an incentive to go back to work: you can earn more. If getting the maximum amount of insurance is too expensive for you, you can always take a bit less. It’s better to have some coverage than none at all.

9.       You’re worth more than you think.

Do you know how much you are worth? Have you ever thought of yourself as an economic engine, able to make money for many years to come? Well, if you did, you would see how valuable you are. As an example, if you were 35 years old, making $75,000 and planned work another 30 years, your earnings are worth over $3 Million (assuming a 2% annual increase). You’re definitely worth a lot more than your house or your car, and you don’t think twice about insuring those assets. Insure YOURSELF – you’re definitely worth it.

10.   It’s one of the smartest bets you could ever make.

If you like to gamble, you could make a wager on getting or avoiding a disability. Here is how it works. If you bet on having a disability and buy a policy one of two things can happen (50/50 chance): you either become disabled and get a HUGE financial benefit from your plan, or you don’t get disabled and lose the small amount of monthly premium you spent. If you bet on not having a disability and don’t buy a policy, one of two things can happen (50/50 chance): you don’t get a disability and have a few extra dollars each month to spend or save, or you do have a long-term disability, and possibly lose everything you have when you lose your income. Think about the chances and the outcomes carefully, and then you decide how you want to roll the dice.

Source by Mitch Reynolds, MBA

Managing insurance benefits is a complex task that involves more elements with your group medical coverage being just one of them. The first step you should take is deciding who will be responsible for managing medical benefits in your enterprise: an old employee or a separately hired person. In order to make up your mind on that matter, here are some factors to consider when evaluating all of the possible ways: General administration. Any of the plans you choose to employ should comply with the functional requirements submitted by the Internal Revenue Service, and should deliver the required information on time both to the policy owner and the insurer. The person responsible for benefits management will be working with your insurance company’s agent or broker, as well as make monthly, quarterly and annual reports to the IRS and the Pension Benefit Guaranty Corporation. Communication. Any group health insurance program provided by the enterprise makes it a much more attractive place to work for employees, especially for newcomers. But it is very important to present the information about your program in the right manner, which requires the benefits manager to work together with the company’s management in order to properly inform the entire staff about available options and plans. Implementation. To make any plan work just like it should work requires certain efforts from the benefits manager. The person responsible for this section of your company’s health insurance benefits has to make sure everything is implemented according to pre-set requirements and work with the management, staff and legal counsel when necessary. Consulting. Insurance market is constantly changing and so do the needs of the enterprise in terms of health insurance. That’s why the person responsible for benefits management should be able to analyze the current situation and consult the company’s management about any changes and perspective of its insurance domain. The person should also be able to determine which deals and coverage types are most appropriate for the enterprise he or she works for. The requirements presented below may not be very strict for the person responsible for benefits management at your enterprise, but it sure will help if he or she meets some of them: – Experience in management activities, especially financial and employee related; – Organizational abilities; – Interpersonal and communication abilities; – Knowledge in the domain of health insurance and related areas; – Knowledge regarding rules and regulations; – Able to measure performance and quality of services. Typical responsibilities the person is likely to perform on a daily basis include: – Management of insurance benefit activities with the staff, recommendations and consulting regarding any benefits offered by the enterprise; – Administration of claim review committee and recommendations regarding claims in general; – Informing employees about benefits and any modifications if there are any; – Reporting when required; – Managing plan implementation; In case you want to assign benefits management to an existing worker then its better to provide a list of all the requirements and see how the person feels about performing these tasks. If he or she is not certain about it, maybe it’s better to hire someone especially for this activity at your enterprise.

Source by David Mayer

A put somebody through the mill in the order of Progressive Direct insurance?
I switched insurance this past October to Progressive Direct. It was in the region of $100 per year cheaper than the insurance company I had been next to for the past 20 years or so. The 6 month premium was around $650. I have 2 accidents – neither…

Accident not my mistake – Other guy’s insurance (Progressive) won’t reimburse claim?
I was involved in an quirk three weeks ago – guy ran a red light and hit my saloon. The police report attests to that fact as well. Unfortunately, my insurance policy next to Allstate had lapsed, although I do presently have insurance. Allstate, my ancient…

Any perception what a first year insurance agent next to Progressive would generate (on average)?
I understand they are P&C only, merely wondered what type of income that could yield? I wonder what some of the minimum goals/expectations they might have are? They trade AUTO insurance. They don’t have “minimum goals”, which is really nice – ie, if…

Anyone else hold a crush on Flo, the Progressive Insurance TV want ad female?
What a cutie! And I thought I was her one and only….competition is a bummer. BTW, she is full of much delicious-ness. i might throw down beside her after a few drinks but not to go as far as to say a crush. I chew over…

Are geico and progressive obedient insurance companies?
They’re good companies. I’d a moment ago look for the best rates ( try a discount web quotes site like http://webexpresslane.com/insurancecom.html ) from one of the reputable companies out near. I enjoy been with GEICO since 1977, even when I go overseas with the military. Yes. They’re strong, a rated carriers. Source(s):…

Are you surrounded by love beside Flo, the Progressive Insurance girl?
I am. If she marries me I will buy her all of the tricked out cross tags she wants. hahahaha Too cute! Oh man! I was gonna right to be heard something about her tricked out nametag! .okkk Id customize her rate quote if you know…

As a plaintiff contained by pro per for a settlement from progressive insurance, they sen their official firm. bill ander
I am up against the head of the firm now, or the company hired by progressive insurance, bill anderson of santa rosa replaced at finishing minute, the associate lawyer, dapne beletsis. four years since the accident, fucked up…

Can anyone transmit me what is on pre-employment assessment check, progressive insurance?
I have a assessment test beside progressive ins. tomorrow REALLY need to pass !! What is the content on audition? pre-assesment tests are pretty typical in jargon of content. basically they should have some sort of multiple choice “if-you-were-in-this-situation” type of question will be there. most likely some makeshift…

Car insurance: Progressive vs. State Farm?
I’m currently with Progressive and have be very pleased with their service: I be in an accident within August and the entire process was very smooth and took little stab on my part. I worked with one local agent, dropped my motor off at the Progressive repair center where they have my rental waiting for…

Celebrity Death-Match…who’d win? Erin Esurance vs. the female from Progressive Insurance?
Describe how the match would go. Ignore the certainty that one’s animated and one’s real. In CDM, you are claymation. The lady from Progressive Insurance! She’d put to death Erin Esurance with her weird smile and creepy eyes! Grrr! Source(s): My evaluation esurance gal even though i like flo…

Class dealing lawsuit against progressive insurance?
when is lawsuit going to be settled? It appears that there are suits filed/being filed contained by several states – which state? http://www.google.com/search?hl=en&q=cla… Listen we have the best law money can buy. How much money will it pocket?

Do I necessitate a attorney to achieve money from progressive saloon insurance for niggle and suffering or will they settle?
I was in a motor accident 12/27/09. I was 3 months pregnant so they wouldn’t hold x-rays or perform an MRI. My doctor sent me to physical therapy. I go to physical therapy for 4 months, then they…

Do progressives find themselves aggression for a healthcare bill that does little more than tweak insurance law?
Single payer is off the table, so now we are combat against the insurance companies who don’t want to change anything.. 50 million people lacking health coverage, 80% working poor.. is this what Progressives want ? are we willing to adopt this watered…

Do you close to or dislike those Progressive insurance ad next to the slightly cross-eyed cartoonish bimbo selling?
insurance like it’s an ipod or something tangible I have an idea that she’s kinda cute but kinda annoying at the same time. And it seems similar to only gay people are within those commercials too. I will certainly never use…

Do you close to the actress from the Progressive Insurance Commercials?
She is cute. Kinda grows on me.. No shes so annoying. I read that it took 1-1/2 hours to prepare her makeup and hair for the commercial. Apparently her commercials are very successful. They are on adjectives the time, every where. Most of her commercials are very dutiful. The…

Do you hold to income for insurance if you enjoy your learner authorization for progressive insurance?

well i know that you have to registered but do you own to pay a monthly fee for progressive insurance if you hold your learners permit i am 16 living California you should be flier to your parents insurance if they want you to…

Do you similar to or dislike those Progressive insurance ad near the slightly cross-eyed cartoonish bimbo selling?
insurance like it’s an ipod or something tangible I judge she’s kinda cute but kinda annoying at the same time. And it seems close to only gay people are within those commercials too. I will certainly never use that crappy company. …

Does anyone abhor the ‘Progressive Insurance’ spokesperson as much as I do?
She bugs the crap out of me. I change the channel whenever she comes on. It’s that frontage, ya know? That lipstick can give modern meaning to ring around the collar. Yeah, Power to the people… That pasty white face is a distraction. Also, she’s not as funny…

Does anyone else infer that the progressive insurance girl Fu**ing repugnant.?
i mean don’t get me wrong surrounded by real life shes ok but on those commercials shes basically so dam repulsive. what do you think?? did you see the pics of her where she’s not wearing much build up–she looks good.. Think it’s just the woefully desperate caked on…

Does anyone enjoy any Geico or Progressive saloon insurance.? Or any of the smaller national companies?
I need to change from State Farm. They are charging me an arm and a leg after 10+ yrs as a customer, and a upright driving record. But the past year I enjoy been ‘dinged’ several times. Which has cost me a totally considerable raise-…

Does anyone enjoy Progressive for Homeowners Insurance?
How’s that working for you? Any problems filing claims? Cancellations? Anything? I don’t need Auto info so please don’t respond near that – juts if you have Homeowner’s through them. A recent national survey be taken from Progressive Insurance Policy holders specifically regarding homeowners insurance and here are the…

Does anyone here think the Progressive insurance female is hot?
Stephanie Courtney-Flo/Progressive http://www.imdb.com/name/nm0183960/bio http://www.youtube.com/watch?v=bRZiMUJ8b… For what country? get a link brother

Does anyone own progressive insurance or work within?
I was taking 4 classes at a community college which equaled 12 credits but now I have to drop out of one class and my car insurance is with my parents, will I stop getting insurance becuase I’m in a minute a part time student, and if I do, do I get it…

Does anyone work at progressive insurance agency?
My husband is currently interviewing with Progressive. We are trying to figure out what training wages is for adjusters( since it lasts 12 weeks) and what starting pay is. Also wondering if any adjusters out within can tell us if they like their situation there. He currently works at Enterprise with super glorious stress,…

Does progressive insurance own a class doings suit impending?
Yes, for screwing their clients out of money and refusing to honor claims that they should own. yes. i just got the paperwork within the mail but i haven’t read it yet, don’t really know what it’s almost Source(s): policyholder/former agent

Does Progressive Insurance drug trial?
Almost everyone does now. Go to their website, go to career or employment and they will publish their policy on that to become an employee. If your talking roughly just getting Car Insurance, no, no one drug test to get car insurance… No! They actually do not. Believe it or not, the CEO is actually…

Does Progressive Insurance enjoy a grace length to pay envelope?
I’m a little strapped for cash and my Progressive bill is due tomorrow. Does anyone know if they own a grace period to pay, or will they stop my insurance if I don’t pay it tomorrow? I have progressive. They let you bring in monthly payments. Paying in full does get…

Does progressive insurance make available righteous student discount?
when i signed up for the policy, i couldnt find it anywhere, nor can i find it anywhere on their website? Progressive is one of the higher priced Auto-insurance coverage companies usually for folks who are high risk. I would research other companies first and get some competitive rates. Source(s): Had it, dropped…

Does Stephanie Courtney or Flo contained by those Progressive insurance ad wear a plastic bump to spawn her fleece full?
I can’t believe that her natural hair is that soaring. That woman is so annoying, but she have a few funny commercials. She reminds me of Phoebe from Friends. I don’t know who those people are but I can…

Does the girl contained by the progressive insurance ad annoy anyone besides me?
Annoying voice, too much makeup. incredibly annoying My husband thinks she is awesome but I instinctively can’t stand her. I think it’s the fake eyelashes and the extremely annoying gushing while trying to flog insurance yeah i hate those commercials lol I want to shoot her…

More Progressive Insurance quesions please visit : InsuranceQuotesFAQ.com

Source by insurancefaq

Some life insurance policies claim to “participate.” A term that means policy owners are entitled to share in the insurer’s profits.  When purchasing a participating whole life insurance it is important to understand how these profits are distributed and what financial implications follow.

(Most participating life insurance policies available will be whole life insurance policies.  This article is specifically based on whole life participating policies, other types will not apply.)

Participating life insurance dividends

When profits surpass the insurance company’s expectations, policy owners of participating life insurance policies receive a share of the insurer’s profits by way of dividends.  Dividends in life insurance industry vary from those issued by corporations.

Most insurance carriers that sell participating life insurance are mutual companies, and have no stockholders.  When purchasing a participating policy from a mutual company, you become an owner-in-part of the company.

Additionally, the dividends are treated as a refund (or partial refund) of the premiums you pay for your policy—after all, you are a customer.  This may appear a superficial or purely semantic distinction, but it allows policyholders to receive their dividends free of the onus of income tax.  In the event that dividends received exceed a policyholder’s cost basis (total premiums paid to date), however, the excess is treated as taxable income.

Dividend options

Your life insurance policy will detail the options your dividend can be paid to you.  You can opt for a simple cash payment or you could apply your dividend payment against future premiums.  Since participating whole life insurance includes a “cash value” account, you can credit your dividend to your cash value.

Another option is to use your dividend to purchase additional participating whole life coverage and add to your current policy.  Your death benefit will increase, but your future premiums will remain unchanged.

Evaluate the factors

Before you buy a participating whole life insurance policy, it is common to evaluate how your potential policy will perform financially under different scenarios and predict possible “what-if” factors. Although this is recommended, it is not safe to rely assumptions, but rather use it as an educated starting point.

Dividends are a share in the life insurance carrier’s profits and profits are never a guarantee. And keep in mind that the economy can have an effect on it.

Source by Angela

You’re renting a home. It could be an apartment or it could be a unit in a condominium. Don’t join those people who think that they need not buy renters insurance because this is a contrary belief.

The truth is your landlord is not responsible for your properties just in case something happens to your dwelling. Only the house, apartment, or the building is insured. Your properties aren’t.

You should buy renters insurance because this will make you sleep better at night. Also, it is better to have renters insurance and not need it than need it and not have it.

If let’s say the time comes when you need it because you have to replace the properties you have lost or have been damaged, you don’t have to pay that much because the insurance company will help you.

Another advantage of having renters insurance is that the coverage also includes the injuries that take place in your home. If someone gets injured at your place, the insurance can pay for the hospital bills. If you are sued because of the accident, the insurance can also pay for the legal bills.

If you are thinking to buy renters insurance, the first thing you do is to look for insurance companies that offer all these insurance benefits. You can consult your yellow pages or just search the Internet.

If you do the latter, you can also compare the policies and the rates of each insurance company which make it easier for you to decide which one to get.

You can also contact the insurance agents. This will make things easier for you because someone can answer the questions in your head. In fact, if they are well-trained and are knowledgeable of the insurance policies that they are selling, you might buy renters insurance from them.

Here’s a note. When you talk to agents, you have to ask them about the terms of the standard renter’s policies when it comes to renter’s insurance. You can also find out if they cover valuables such as art, collectibles, and jewelry. Chances are they do, but there are insurance companies that don’t.

Before you completely decide to buy renters insurance, you should set yourself with the mentality that your renters insurance rate may be different from other people because there is no standard rate when it comes to insurance policies.

This depends on the area you live in and the properties you want insured. The insurance company will then determine what kind of plan they can offer you and how much you pay in order for you to be insured.

Source by Ricky Lim

Finding Health Insurance coverage sounds easy, but it can actually be quite a challenge if you are looking for affordable coverage. The problem with health insurance is that it seems like a waste of money when you are paying for it every month.

But, When you are in an accident or have a major illness you are relieved to have been smart enough to have paid your insurance premiums, as you should have. You have to look at Affordable Health Insurance in a way that is optimistic. That is you hope you never need your health insurance coverage. But, you know that if you do need it one day it will be there for you. That is what is so reassuring about health insurance and why so many people are willing to pay the monthly premiums for the security it offers.

When you start looking for affordable health insurance coverage you will be surprised at the premiums. That’s because insurance companies have to cover their bottom line. Health insurance companies have to take in enough money to cover medical claims and admin cost.

That simply means that if you have a major accident or illness that cost 100,000 or more your insurance company will have to cover it. You probably haven’t paid even close to that amount in premiums, so it is worthwhile. You pay a lot hoping nothing ever happens, but knowing that if it does you end up on the winning end!

Cheap Health Insurance is hard to come by. That’s why so many people are underinsured. Fortunately, there are good insurance policies out there that don’t cost a fortune. If you can’t imagine paying for affordable health insurance just imagine how you would pay for the high cost of medical care in America. Many bankruptcies are due to families and individuals not having health insurance. They decided to gamble with their financial future because they didn’t think they needed Health Insurance and when they realized they needed Health insurance it was to late.

Some affordable health insurance plans don’t offer the most comprehensive coverage, but they will help you out should a tragedy occur. Normally you would have to shop around in order to find these policies, but we have made it easy by allowing you to view multiple companies in one place.

This is some basic information about finding affordable health insurance coverage. You can use whatever means works best for you. Just do the research and then apply for coverage.

Source by Chris Denorch

Home insurance is a basic term for two different types of insurance policy. Buildings insurance to cover the construction of your property and home contents insurance to protect your valuables and other household objects.

The problem is that not all home insurance policies are created equal making it difficult to compare like with like. The areas and level of cover provided vary from policy to policy along with the premiums. So having a definite idea of what you need to insure and for how much will help minimise the overall time and money spent buying it.

TIP 1: Cut the risk, cut the cost

All insurance policies protect against the risk of financial loss. So to cut the cost, cut the risk to the insurer and you’ll get a lower premium. To give you an idea, here’s a quick summary of the most effective tactics…

• Contact your home insurance company or local neighbourhood watch scheme and they will send you a list of steps to make your house more secure and less likely to be targeted by thieves.

• Fit locks to all windows and level 5 (BS3621) mortise deadlocks locks to the doors. Most insurance companies will give you up to 10% off your home contents insurance if you have these kind of locks fitted around your house.

• Having a good alarm fitted by a recognised alarm fitter, which your insurance company can recommend, can give you up to 10% off your policy. Bear in mind that these are expensive alarms which require an annual check up.

• Higher policy excess. You will usually have to pay the first £50 of any insurance claim, but if you’re willing to pay more then, your premium will fall now.

• Neighbourhood watch schemes. Some home insurers offer discounts if you live in a neighbourhood watch area; however this is less common.

• No claims bonus. As with your car insurance; a record of no previous claims will reduce your premium. If you need to make a claim, consider whether it may be cheaper to pay for the loss yourself and avoid an increase in premiums.

• Your age. Statistically, the older you are, the less likely you are to make a house insurance claim. So if you’re a lower risk this will be reflected in your premiums. Some companies offer extra benefits to those over 50 such as Saga.

• Extra security. Declare any special safety precautions you’ve made for your valuables such as a home safe.

• Your lifestyle. If you have a dog, are teetotal and don’t smoke, be sure to declare this as such factors are used by some insurers to reduce premiums.

• Occasionally applying to your existing insurer as a new customer can reduce your premiums. Many insurers offer discounts to new customers which won’t be repeated when you come to renew.

• If you can apply online you will normally get a discount of around 5%.

Before you carry out any security improvements to your home, always check with your home insurance company first. They will confirm which improvements will have the biggest cost cutting impact.

TIP 2: Know what home insurance you need

Working out an accurate figure for the buildings and contents insurance value can be awkward, which is why a lot of homeowners are either under insured or paying for levels of cover they don’t really need.

Buildings insurance covers the re-build cost of your property not its market value. The re-build value of your home is the cost of re-building it in the event that it is destroyed by fire or subsidence for example. The re-build value of your home can usually be found on your mortgage agreement, or property deeds. The Building Cost Information Service (BCIS) of the Royal Institution of Chartered Surveyors (RICS) produces a range of detailed information on the cost of rebuilding houses and flats together with a re-building cost calculator.

Alternatively, you can opt for a policy that has an unlimited or high standard buildings sum insured so you don’t have to worry about insuring the right amount.

Then there is the home contents insurance which covers almost everything else you would take with you if you moved house. Make a list of the rooms in your house and write down all the items contained in each with there value. Then, total the individual amounts to see what contents insurance protection you need. Remember to value items such as music CD’s, videos and clothing as their total cost is often missed or under insured. Whether your wardrobe is full of jeans or designer labels, make sure you include the cost of replacing them.

TIP 3: Look at separate buildings & contents insurance

If you need both buildings and contents insurance, get quotes for separate policies for maximum potential savings. Most insurers do provide them as separate policies and just because one is cheap for buildings cover doesn’t mean they are equally competitive to insure the contents. Find the cheapest providers for each component and consider buying each from different insurers.

TIP 4: Shop around for home insurance

Shopping around will yield the biggest savings on home insurance.

Firstly, don’t simply opt for the home insurance supplied by your mortgage lender. They can be convenient when your busy sorting your mortgage but they’re often over priced and chances are they won’t have been compared against other policies on the market.

When shopping for insurance you basically have three options; go direct to the insurer, browse the web or use a broker. If you have the time and commitment you can do all three, but the fastest and most effective route is to log on and use the reach of the internet.

The best insurance websites compare dozens of brokers and home insurance companies in minutes. You only have to fill in one form to get a list of premiums displayed on your screen from major insurers and brokers. However, if you have unusual or very specific requirements the final premium may increase when confirmed direct with your chosen insurer.

TIP 5: Ask for a bargain

Home insurance has a margin of profit built into it which can be negotiated down if you’re armed with the right information. Not all insurers will buckle and concede an additional discount but if you don’t ask you won’t know.

• First, find the cheapest quote after using internet comparison sites and phoning a few brokers.

• Select the cheapest quote and contact your existing insurer first asking them to beat it. If they won’t budge contact the second cheapest insurer and do the same.

• If after your best efforts, the insurer won’t budge, ask them to throw in some extra cover to sweeten the deal or move on to the next home insurance company and repeat the same steps.

Source by Simon Markham

Nowadays, who isn’t looking for ways to save extra dime? The economy has been giving difficult times to us, so it is only right to think of savings in each expense adventure that we do everyday. And when it comes to auto insurance savings, what measures do you make? As we all know, auto insurance can be one’s most expensive expenditure decision they can make in their entire life.

However, do you know that there are some measures you can do to save on your auto insurance? If you don’t want to be trapped at high monthly fees for the insurance, don’t just sit around and wait for the savings to fall right down on your bank account. Do a little effort and take note of the following when shopping for auto insurance.

Compare Quotes

This is one of the most effective ways to score savings out of your auto insurance. Find many insurance companies as you can and possibly talk to each to determine which does not only offer the best policy but a price reasonable enough for you. The more that you ask information with will give you more options by comparing each. If you are worried that asking and shopping around can affect your credit, it will not. So, research a lot, shop around, obtain quotes, and then compare.

Ask Discounts

Every time you have to ask the company, include about any discounts. Not asking will make you lose savings opportunities. There are many forms of discounts you can score from an insurance company. Some of these are multicar discounts, safe drive discounts, eco-friendly discounts, and bundling services discounts (like ATV, car, and home).

Availing of security and theft gadgets can also give you discounts. If you belong to the senior citizen group, you might want to learn that most companies offer a discount. When you are 55 and older, you may score around 10% discount. It will never hurt to ask if discounts are available. It is one after all to get big savings from your purchased auto insurance.

Don’t Speed

One of the biggest things that cause an individual to pay more than what they should for auto insurance is getting tickets. So avoid speeding at all costs. Get away from traffic tickets and that would mean you are a good, responsible driver, and who knows, a discount from insurance.

Choose the Right Vehicle

Getting a good mid-sized car for your family than sporting that expensive little red sports car may be a more sensible choice to avoid getting high premiums in your insurance. Nevertheless, always check first with the insurance company and what it recommends for lower premiums.

Remember also that insurance policies may vary from state to state. So, the best thing to do is to ask first before signing up. Insurance providers are always happy to recommend great tips to help you on your auto insurance savings. You may want to attend quick driving safety so to keep away from the dangers of vehicular dangers, which can shoot up your premiums as you file for a claim.

Source by Sutiyo Na

After a year which has been tricky for some and catastrophic for others we could be forgiven for looking towards 2010 with some trepidation and in some of the more morose corners of industry dare we say it, a heavy dose of doom and gloom? Well those hardy soles in the ever exciting SME market are having none of it – despite the sector being hit harder by the recession than most.

At least that is what the results of a recent report from British communication giant BT would seem to suggest.

The 2009 BT Pulse report has revealed that an overwhelming three quarters of SME’s predict the economy will see an upturn in 2010. Further to this over 60% of the respondents were confident about their businesses prospects for the coming year and an impressively confident 35% even predicted their situation will have improved as soon as January 2010.

The report surveyed 7,200 Directors of small and medium sized enterprises and a strategy director at BT commented that the findings “show that the economy is at a tipping point. Despite the obvious knock to confidence, positivity about when the upturn will come is encouraging.”

With 45% of the respondents going as far as saying that they have streamlined their business so that they are now operating even better as a result of the downturn, it seems that many of these SME operators are primed to thrive as soon as the market catches them up.

These bold predictions have also been echoed by the Institute for Chartered Accountants in England and Wales (ICAEW), who have also recently released a similar statement that “confidence among business professionals has turned positive for the first time in two years.”

However not all quarters of the UK industry are predicting quite such a swift return to the good times as the British Chambers of Commerce (BCC) has issued a slightly more ominous statement that although the recovery may have started, the economy still faces considerable risk.

According to the organisation, GDP will drop by 4.3 per cent this year, followed by growth of 1.1 per cent in 2010 – an improvement on the BCC’s June prediction of 0.6 per cent.

David Kern, chief economist at the BCC, says: ‘While we expect a gradual improvement over the next two years, the pace of UK expansion is likely to be weak by pre-recession standards. It is critical that wealth-creating businesses have adequate capacity to respond to an upturn in demand when the recovery strengthens.’

However despite the general confidence, many SME’s are still walking a dangerous tightrope leaving themselves unnecessarily open to adverse risk as they cut their policies and leave themselves underinsured.

Of course should these buoyant entrepreneurial companies live up to the high expectations they are piling upon themselves then it follows that their insurance needs will grow too and with the aid of a good broker they may just be able to manage the balancing act of ensuring that their cover is adequate and competitively priced.

With the SME sector looking once again to rise like a phoenix from the ashes the role of the high street commercial insurance broker could once again become a crucial link between the sector and the general insurance industry.

Source by Dave Healey

A term specific to the the life insurance market is that of a “rider”. The term is thrown around quite a bit online and usually the “rider” comes with high praises (from those selling it) but we have a different view. Let’s look a little closer at the “rider” and why a term life insurance shopper should probably hop off that bus!

First, what is a rider? A rider is essentially an add-on benefit or option to a core life insurance policy. It typically costs extra premium and allows some flexibility, addition, or change to the core coverage during the life of the policy. The closest analogy both in function and form is the insurance you might get on a rental car. For most people, this coverage is redundant and an additional expense due to their existing car insurance or benefits through plans such as AAA. It’s insurance on top of insurance. Riders can be the same. They tend to insure your insurance essentially but at a price and in our view, it’s better to put that life insurance premium dollar towards core benefit instead of the very profitable (to the carriers) add-ons that the carrier offers. It takes advantage of the fact that for many people, they do not discern the probability of risk and feel uncomfortable saying no to a risk if it’s specifically broken out no matter how rare. In life, you can’t insure against every possible risk…it would cost too much. Let’s look at some of the usual suspects for commonly offered term life riders.

Guaranteed Insurability Rider.

This essentially allows you to add additional term life coverage to existing core amount without going through life insurance underwriting (i.e. qualifying based on health). This rider is purported to address changes in needs later in life. Due to the cost of waiting and the value of buying as much life insurance as can be afforded at an earlier age, it probably makes sense to put that premium amount into more core coverage.

Accidental Death Benefit.

This rider essentially adds an amount of insurance to be paid out in case the insured dies as a result of injury. It’s akin to a roulette wheel where people are putting chips on different colors (number 5 is going to hit) as a guessing game to how death might occur. Death is obviously a traumatic occurrence (hence the need for life insurance anyway) so the cause is probably not so much the issue as the resulting financial protection of your loved ones.

Waiver of Premium rider.

This rider allows the policy to stay in force without the payment of premium if the insured becomes totally disabled (according to the differing definitions of the carriers). One of the key benefits of term life insurance is that the premium amount is so low relative to other types of life insurance such as whole. This is really a built-in protection against lapse of premium. Paying $40/month becomes less burdensome than say $300 monthly for whole life.

Accelerated Death Benefit Rider.

This rider allows the insured to receive a percentage of the total term life amount if he/she is diagnosed with a life shortening disease (again, according to the carrier’s list and requirements). There’s an entire market out there now called viaticle settlements which address receiving money (for the recipients usually) in this case.

These are a few of the most common riders available on the market but it’s definitely not the complete list. Riders have sprung out in many different forms as they are a great source of revenue to the life carriers. We’re not here to talk you out of a given rider…if one speaks to you then by all means, you are free to opt as you like but we feel it’s important to give you the full picture in order to make a good decision when purchasing term life insurance.

Source by Dennis Jarvis

Several times the thought of not purchasing a cancer life insurance is regrettable. Some people tend to ignore cancer life insurance, in the past, because it was expensive. Nowadays, women and men have better chances of qualifying for a cancer life insurance because it is now more affordable and comprehensive. Standard basis without additional premium surcharges are now being offered.

Some life insurance companies have already improved their terms on certain types of breast and prostate cancer as well as high blood pressure life insurance.

For instance, a company might consider a standard issue policy on first time breast cancer patients for small tumors with strong prognosis. Another company might consider the same thing and give out insurance immediately after surgery. Some companies might also consider customized premium rates for women with stage zero cancer, and stage 1 tumors larger than 1 cm. Other cancer cases may be qualified after a certain time has passed which is subject to favorable results.

Prostate cancer history with men has also seen massive improvement when it comes to terms and conditions relating to an insurance company. For those men who are 60 years old and up, possible standard rates may be offered after having a surgery.

According to a recent study, women will own 60-percent of US wealth. Women, however, will fall short of life insurance coverage as compared to men.

Life insurance can:

1. Replace income lost caused by the death of the breadwinner in the family. Several times, working mothers who just lost their husband are having a hard time so it’s best to qualify for a cancer life insurance so single parents can still raise money for the college education of their children.

2. Replace caregiver expenses.

3. For those who are small business owners, the money they will get from succession plans can be used to fund their businesses.

4. Replace any final expenses for funeral costs and any other uninsured expenses.

With the modifications of the cancer life insurance, opportunities given by some companies have opened doors for those who seriously need the help they can get from a cancer life insurance. It may be best that one consult their own legal or tax providers for further life insurance assistance. All life insurance offers are subject to medical history and relative terms.

At Special Risk Managers, their sole focus is obtaining life insurance for people with a serious medical condition; people who are often considered uninsurable. They offer specialised services through an exclusive arrangement with aninternational reinsurance company.

Their life insurance clients include people with life-threatening illnesses such as cancer, stroke or heart attack and people with chronic illnesses such as diabetes, Multiple Sclerosis, epilepsy or Crohn’s Disease. In fact, income protectionandtrauma insurance are also commonly available to people with chronic illnesses (excluding Multiple Sclerosis sufferers).

In addition, Special Risk Managers is able to help people with a history of depression or other mental illness, alcohol or drug abuse, and kidney or liver disease secure risk insurance.

Special Risk Managers deals directly with the public and also works with financial advisers to help them secure life insurance for specific clients.

The principals of Special Risk Managers have almost 60 years of international experience in the life insurance industry and enjoy an excellent reputation for their professionalism and ability, particularly in the area of non-standard risk policies.

Source by Benard Worseley

Your wedding ring is more than just the one piece of jewelry that you wear all the time. It’s a symbol of the love and commitment that exists between you and your partner. It may also be a family heirloom, or, together with your engagement ring, it may represent a sizeable financial investment. In any case, if it was to be stolen from your home, the loss would be devastating. This is why you should consider adding coverage for it to your insurance package.

Homeowners Insurance Doesn’t Cover It.

While your renters or homeowners insurance policy may cover your ring if it is stolen, there is no coverage if it is lost, but you should read your policy, because it may have a coverage limit for certain kinds of personal property, including jewelry, china, and art. If the limit is less than the value of your ring, or if you want to make sure you have coverage in case of loss, you have two options: a floater, or a stand-alone policy.

Stand-alone policies are insurance that is specifically intended to cover valuable possessions. It can be purchased from your homeowner’s insurance company, but you may have to pay a separate premium.

A floater is additional coverage that is appended to your existing policy, and designated for a special piece of personal property. It gives your insurer the option of either giving you cash up to the appraised value of your ring, or replacing the ring outright. Most insurance companies choose the latter.

Whether you select a floater or a stand-alone policy, you’ll be required to have your wedding ring appraised, and provide a certified copy of the appraisal to your insurance company. You may have to take your ring to a jewelry store for the appraisal, but you may be able to find an appraiser who will come to you as well. If so, this would be an excellent time to have any other valuable possessions like crystal, silver or china appraised as well, so that you know if you need to increase coverage on any of those items, also.

Be Pro-Active

Increasing your homeowners insurance coverage, or adding a floater, to protect your wedding ring is helpful if it is lost or stolen, but the best insurance is not to lose it in the first place. Here are some ways to minimize the likelihood of losing your wedding ring:

Be aware of your ring when you are swimming, and be careful that it doesn’t slip off your finger, especially if your hands are greasy from sun-block or tanning oil.

Wear gloves when you’re doing household chores, so that cleaning materials which contain harsh chemicals don’t come into contact with the metal or stone, and damage your ring.

If you take off your jewelry to wash your hands, be sure to put it back on before you leave, and use extreme caution so that you don’t knock it into the sink or drain.

When you do remove your ring (or any jewelry) at the end of the day, always leave it in the same place so that you know exactly where to find it.

Every so often, have a jeweler clean your ring, and check it for loose prongs or worn mountings.

Losing your wedding ring, or having it stolen, can be extremely upsetting, but if you have adequate insurance coverage, at least there won’t be a financial loss as well.

Source by Leaftech