The number of travelers in the 65-age bracket has increased tremendously. A large number of mature holidaymakers, mostly retirees, are heading overseas on foreign travel trips. Seeing other wonders of the world is exciting in itself, but that also involves making important considerations related to the trip. One such consideration is Travel Insurance.

Healthier lifestyles and medical advancement may urge you to think that you are the least to be affected by any sort of risk factors. Think again! You had saved your hard-earned money to enjoy the second lease of life to the fullest. Hence, buying a travel insurance policy is a wise idea. However, most travel insurance companies hesitate to offer insurance and marginalize senior citizens for the simple reason that senior citizens are more likely to make claims that are relatively expensive. Besides, they are charged higher premiums.

ICICI Lombard General Insurance offers a comprehensive travel insurance policy specifically meant for elderly travelers between 71 to 85 years. Senior Citizen Travel Insurance Plan from ICICI Lombard covers unexpected and unplanned medical expenses due to illnesses or accidents, including outpatient & inpatient medical expenses, medical aid, therapies and diagnostic test. Unlike other travel insurance policies, ours is a Pay Per Day plan wherein you pay for the exact number of days traveled (and not the usual slab rate) i.e. if you travel for 24 days you’ll pay only for 24 days and not 25 days as in the slab system.

What sets us apart from other travel insurance providers in the market is that we also cover people traveling with a pre-existing medical condition in case of life threatening situation. Besides, you can avail Senior Citizen Plan instantly with no medical check up with a claim benefit of $15,000 per illness or injury.

Furthermore, to ensure quality health care, ICICI Lombard has now tied-up with United Health Group, the best, and the most diverse health care company in the US which serves more than 70 millions Americans. More than 86% of all acute care hospitals and huge number of physician and OPD facilities are in their network. What’s more, you can also avail the policy 24X7 from our website www.icicilombard.com with our Buy Online facility which gives you instant digitally signed policy. It’s straight-forward and hassle-free.

So the next time you plan a foreign trip abroad buy Overseas Travel Insurance Senior Citizen Plan from ICICI Lombard and make your old age jaunt a fulfilling and memorable experience.

Source by Shah Ansari

When the majority of us consider the insurance that we get on our home we normally think about protecting ourselves from disaster. For example, we want to make sure that our plan covers us in event of a flood, fire or natural disaster. However, what many of us do not realize is that there are other types of plan available and we would want to make sure that we have these included in the bundle.

Ae excellent example of this is homeowners liability insurance.

It is necessary to have this type of insurance policy quite simply because all of us are responsible for what goes on in our house. This form of liability insurance would cover you in case something goes wrong, either inside of your property or even outside of your property. For instance, if an individual should happen to trip and fall at our home as a consequence of your negligence, or indeed for any other reason, you may be held liable for their accident in a court of law. This form of insurance would provide you with cover in such a situation.

Of the many different forms of coverage that you might have on your home this is probably the one that is most often neglected. The fact of the matter is however that almost all mortgage companies are going to require you to have homeowners liability insurance as part of your policy to meet with the terms of your mortgage. Of course, there will be varying degrees of liability coverage that are available to the homeowner so you need to discuss this with your insurance agent to discover what is going to be best in your particular case.

With homeowners liability insurance you will not only be protected in a court of law if someone sues you when they are hurt on your property but will also have cover for any medical expenses which may be incurred as a result of the injury. Although we all hope that instances like these will not arise it is always possible and so you want to make sure that you are covered just in case.

Source by Donald Saunders

The country is bracing itself for yet more appauling weather and many are facing the daunting task of cleaning up after a flood and making an insurance claim. With the current credit crunch hanging over us and making anything financial difficult, these points could help you and put you in a better position when putting in a claim.

First and foremost you should not return to your property until it is safe to do so. Flood water brings with it a host of chemicals and sewage as well as causing damage to structure and dislodging items which could create hazards in your home that you are not aware of.

The following information should help you with the process of getting your life and home or business back on track after a flood.
Tips for a successful insurance claim after a flood

* Collect photographic evidence of the damage
* Mark the water levels on the walls for reference
* Keep all correspondence between you and your insurers
* Keep all receipts from emergency repairs as this can go towards your claim
* Get advice where major repairs are needed – your loss assessors will be able to help with this
* If you need alternative accommodation then check your policy – you should be covered
* If you have to seek alternative accommodation, then make sure that your insurance company and loss assessor know where to contact you.

Cleaning up after a flood

It may sound obvious, but don’t start the repairs until the flooding is over. Don’t rush to redecorate as you could end up doing the job twice, or if you have under estimated the problems, you could have to start again altogether. It can take weeks for a property to fully dry out and it is worth remembering that water levels with rise and fall for several weeks after a flood, so there could still be more to come.

Remember these points for cleaning up after a flood:

* Make sure a qualified person has switched off your gas and electricity and do not attempt to turn them back on until the supply has been checked and verified by a professional.

* If a carpet is salvageable, then do not lift it from its fixed position, as it should shrink.
* Make sure that you run taps for a few minutes before using.
* If the flood water is potentially contaminated with waste, then seek professional advice and assistance.

IF YOUR HOME HAS SUFFERED STRUCTURAL DAMAGE, DO NOT ATTEMPT TO START A CLEAN UP

Keeping safe cleaning up flood water

Flood water can pick up many different harmful substances as it travels from the banks to your home. The Health Protection Agency have warned that E.coli could be present in the contaminated flood water from picking up sewage and animal slurry, so it is imperative to be safe.

To minimise your health risks, follow these precautions:

* Wear protective clothing i.e.: waterproof boots, gloves etc
* Wash hands thoroughly
* Keep children away from risk areas. Remember that some of the areas could be hidden.
* Wash and disinfect children’s toys
* Cover all cuts or sores with plasters and generally prevent them from being exposed to the flood water
* Clean surface areas with soap and water and disinfect with bleach
* Dispose of any flood that has come into contact with the flood water
* Check with the water company to ensure that the water supply has not been affected by the flood water. If you are boiling water prior to use, then make sure that you wait for it to cool before use.

Follow this advice on flood safety and you will be fine. If in doubt enlist the help of a professional.

No matter how small or how big the damage, the job of a loss assessor is to make an insurance claim as easy as possible and to get you the best settlement. They can even help and arrange clean up professionals to come to your home or business and take the stress out of getting your life back on track.

Source by Jenwa

There are literally a few thousand life insurance companies in America that specialize in insurance for people that either have disabilities, health problems or our seniors. Most of these companies have policies that are suitable for people that fall within all three of these categories. Obtaining life insurance if you are a person with disabilities is a matter of using one of these companies. You will better be able to get a policy that is both economical and that also provides a first day full death benefit without a waiting period, if you are able to compare multiple companies and their guidelines through an online comparison site.

Although there are some standards that are set by individual states, the majority of the underwriting standards of life insurance companies are self regulated. One insurer may choose to offer better benefits for someone that has type II diabetes than another. The same applies to a wide range of health conditions and disabilities.

It is difficult however, to know which company will be able to offer you the best benefits and the most coverage for the least amount of money unless you use a website that has a database of information regarding the underwriting requirements and standards of multiple companies. You will find that this is the easiest way to obtain the information that you need to make a well-informed decision, without actually having to apply for life insurance.

One key point to remember is that life insurance companies have access to what is called an MIB report. MIB is an abbreviation for Medical Information Bureau. This reporting agency exclusively provides information to insurers to help prevent them from taking on a high-risk applicant. What this means for you is that information regarding any prescription medications that you have been prescribed over the last 2 to 5 years is accessible by the insurance company. In many cases, severe medical conditions are also reported to the MIB. So, make sure you answer all health questions honestly however, do not elaborate unless you are specifically asked about a particular health condition. Don’t volunteer information unless you are questioned about it.

This is one of the great things about being able to compare life insurance companies and their requirements by using an online source that will reveal this information to you without you having to actually apply for life insurance.

http://www.LifeInsurance4All.com/ is a free tool that you can use to compare life insurance policies for people with disabilities.

Christy Love is a Platinum Level Expert Author at EzineArticles.com.

Article Source: http://EzineArticles.com/?expert=Christy_Love

Source by Christy Love

The internet has changed the way we purchase many items and life insurance is no exception. The trend towards term life becoming a commodity was already starting but the internet gave it the final push over the cliff. What fell was life insurance rates and this has generally been good news for life insurance shoppers. Let’s take a closer look at what life insurance as a commodity means to you and how to best take advantage of this continuing trend.

First, what is a commodity? Essentially, a commodity is any product or service which becomes less distinguishable in price and or qualify from different suppliers. Toilet paper is a perfect example regardless of promises made in commercials. You can go one step further down the chain and find raw minerals and supplies such as wood pulp and copper (the more traditional use of the word commodity) but it applies equally well to any product for which there is not much advantage to purchasing from one supplier versus another. To contrast, cars are definitely not a commodity. There’s such a wide array or pricing, models, options, and levels of quality/service that cars might be the opposite of commodities.

What about life insurance? In spite of the slogans, sayings, and product statements made by life insurance companies, there has been a constant move towards commoditization in this industry. This is good news for you. One of the first things to happen when a product becomes a commodity is that the pricing band narrows. This means that the difference between the most expensive and the least expensive life insurance plan on the market becomes less over time. Why is this important? It means you are more likely to get a better rate. If you really think about it, term life insurance is pretty similar in its intent. There’s only so much variation that enters into the equation. This is very different from health insurance where you have a range of everything from basic hospital plans to full blown HMO which are based on an entirely different model. Aside from the difference between term and whole life insurance, there’s only so much a carrier can do when comparing apples and apples. Riders, of course, add an extra dimension but core life insurance protection, especially in the realm of term life is pretty similar. So why would there be price discrepancies…especially larger ones? That’s the opposite of commoditization and we can say it’s an inefficiency. Of course, to the life insurance company charging more for their product than the average cost, it’s extra profit (or masks poorer management). As you can see from our life insurance articles, our take is from the point of view of the life insurance shopper so this “inefficiency” inherently means you’re paying too much. That’s bad.

Why would anyone pay more than they should? The simple (and mostly correct) answer is that they don’t know any better. This is where the internet has truly changed shopping for life insurance to your advantage. If a captive life agent/life insurance company is only showing their products, than you’re more likely to pay more by default. There may be other carriers or plans that for one reason or another, price better for your given situation (health class, age, area, term amount, etc). You’ll never know.

The internet has leveled the “information playing field” and life insurance is all information. There’s no physical product. We immediately recognized this and provided our instant term life insurance quoting engine. By providing multiple carriers, plans, and life rates to you one site, we are helping to commoditize the purchasing of life insurance. If only purchasing cars was so easy!

Source by Dennis Jarvis

If you’re a boat owner, you need boat insurance. You may not think it’s that important now, but not having the appropriate coverage can cause problems for you down the road. Rather than risking the value of your boat, it pays to invest in boat insurance. When searching for an insurance provider, for best results be sure the provider has a long history of providing boat insurance.

Boat insurance can cover what is needed both on and off the water. Before selecting an insurance provider, it’s important to research a variety of quotes, since rates on boat insurance vary widely. Boating insurance can be quite lucrative in that it can provide a range of cover to you. When comparing policies, you should look at the amounts and types of coverage offered, not just at the price quoted to you.

Coverage Under Boat Insurance

Boat insurance comes at various levels depending on the type of boat you have, the amount of use, the type of use as well as if the boat is fully paid for or if it is still being financed. Even so, various discounts and rewards programs should be available for boating insurance users. For example, some companies are now offering a no claim bonus (which could be up to 20 percent of your premium) for those that have had not claims in a certain amount of time. That can be quite beneficial.

Boat insurance is likely to provide you with both on and off the water cover. Most policies are limited to use only in Australia, though, as taking your boat out of the country will provide you no protection. While all policies are different in what they provide, here are some expectations you can have that may be extra with some insurance companies. These include; accidental damage coverage, fire and flood coverage, liability coverage, storm coverage, theft or attempted theft, vandalism or malicious act, 24 hour assistance.

In addition to this, whenever there is a claim, you can expect your boating insurance to provide for emergency towing, funeral expenses, salvage costs, submerged motors, and others.

Questions for Your Provider

As with all insurance policies, you need to make sure you are getting the right boating insurance for your needs. Ask about liability coverage, total loss, and (if appropriate) other specific situations such as racing and other uses for the boat.) In addition to this, talk with your insurance provider about what is not covered. Many policies have exclusions such as no coverage if you have an accident or loss when you have more people in the boat than is allowed, or when your boat is being transported by a commercial carrier.

Ways to Save on Boating Insurance

To save money on your boating insurance, get enough cover but not too much. Note the amount of cover being offered to you. Depending on the size and value of your boat, it may be too much. Discuss the appropriate amount with your provider.

Think about working with an insurance company that offer discounts for multiple policies, such as boat, home and contents and vehicle insurance. This could help you to lower your costs considerably for all insurance plans.

Finally, do your research by getting a quote from several boating insurance providers to find out what rates they can offer. Many offer competitively lower rates to get your business.

Beware Before Signing

With all insurance policies, you need to have a full understanding of what is available to you and what is included in your plan. Check to make sure all information is correct and that you fully understand the policy before signing.

Additional Coverage to Consider

In addition to having standard boating insurance, there are other types of insurance that you may need to consider as well. If you like to race your sailboat, you’ll need to have a specific type of boating insurance for racing. This will cost a bit more but will provide you with cover from total loss or damage that happens while racing.

Having liability coverage for flotation devices and waterskiing is also beneficial. Here, you will pay a bit more but you are covered from the cost of injuries or loss that happen during these activities.

For most boaters, contents cover is also important. In order for you to qualify for this type of insurance, you must have a lockable cabin. If that is the case, an add-on or separate policy will give you a bit more protection. This policy will cost you slightly more.

Source by Jo Thomas

Health insurance is essential to living a safe and healthy life, without health insurance you are walking a thin line in everything you do. What health insurance does is pay for any type of medical expenses that may occur as a result of sickness or injury. You can purchase health insurance from a company like Aetna health insurance which in a private company or through a government sponsored program. If you get sick or injured without health insurance you are more than likely going to have to pay hundreds or even thousands of dollars in medical expenses for any injuries or sickness that you get. For example even a short ride to the hospital in an ambulance can cost up to $600 without insurance, and that is just the ride! Don’t take chances with your health, it is too precious to risk. With companies such as Aetna health insurance there are many different types of health insurance that you can purchase to keep you and your family happy and healthy.

When you are purchasing health insurance you can’t only think of yourself you need to think of the other people in your family as well, if you are a single parent or if your spouse is not currently working it is important to get some type of family plan so your children can be covered as well. There is all different types of terminology when you are dealing with health insurance companies here are some of the words you may hear the most when you are looking to purchase a plan from a company such as Aetna Health Insurance. A premium is the amount that you will pay out of your pocket every month for the insurance coverage this number depends on the type of coverage, the company that is covering you, and the number of people who are being covered.

Another word that is commonly used is the word deductible; a deductible is the amount of money that the person who purchased the plan has to pay before the insurance company takes over and pays the rest, for some people this number may be up to even $1000 before the health plan begins to pay for care. This number is reached through doctors’ appointments and prescription refills. Co-payment is another word that is health insurance terminology, this means the amount of money that someone will have to pay out of their pocket when they go to a doctor’s appointment before they have the rest covered by the insurance company, for example with many health insurance companies such as Aetna health insurance there is a $20 or $45 dollar co-pay every time someone goes to the doctor, then after that the cost go to the health insurance company. Another word that is used a lot when talking about health insurance is exclusions, exclusions are services that may not be covered by the insurance company, these will be out of pocket expenses that you will have to pay completely on your own.

Source by Ronnie Hamilton

Many small business owners don’t know where to begin when they consider how to provide health insurance for their employees. The different types of coverage available can be overwhelming, and the tax responsibilities of the employers can cause confusion. For a small business, health insurance advice can be very valuable and necessary.

Before you begin shopping for health insurance as a small business owner, consider the health needs of your employees. What are their average ages? Do they have dependents who would also need to be covered? It may be a good idea to have your employees complete a survey detailing what kind of coverage they believe is most important to them.

Once you know what kind of coverage you’re looking for, the next step is to seek small business health insurance advice from experienced health insurance agents. Find a few local agents that specialize in small business health insurance, and explain to them what your company’s specific needs are. They should be able to guide you toward an insurance plan that provides the right amount of coverage at a reasonable cost. Compare the different costs of coverage from several agencies so that you can find the most inexpensive package that offers what you need.

Another excellent source of advice is other small business owners. Talk to people who have purchased coverage before, and find out what they liked or didn’t like about their agency. Other business owners won’t be trying to collect a commission on selling you insurance, so you should be able to get an honest assessment.

There are several different tax benefits that a small business can take advantage of when providing health insurance for employees. Go online and do a little bit of research into the tax laws so that you don’t miss out on any tax breaks you may be eligible for. State and federal government tax agencies will be happy to provide any small business health insurance advice you may need regarding your tax requirements and benefits.

Source by Stuart Michael M

There are three types of California Car insurance policy to meet the minimum legal requirement of State law. These are Fully Comprehensive Auto Insurance, Third Party, Fire and Theft and Third Party Insurance. When you choose to avail cheap California Car Insurance, rest assured that they have these policies for you.

Fully Comprehensive Auto Insurance policy is the most expensive automobile insurance because its coverage is wide and flexible. It does not require that the other party is at fault in order to claim against the insurance company.

There are several types of auto insurance, including California Car Insurance. The first type is Property Damage and Liability. If you are at fault, this type of insurance covers the expenses for repair or replacement of the car with whom you had car accident with.

Uninsured and Underinsured Motorist coverage is a policy that can be activated in case the party at fault has little or does not have the resources to shoulder the expenses. This is the auto insurance policy that is similar to emergency fund referred in the previous paragraph.

In California, the minimum liability that the aggrieved party could reap from the at-fault party is $5,000 for property damage per accident. When death happens, the minimum liability is $15,000 for single death while $30,000 for multiple deaths.

California Car Insurance companies know the cause and effect of any car accident. They have studied all angles and analyzed any circumstance, which is why car insurance rates are reasonably competitive. Cheap California Auto insurance companies offer the best car insurance there is.

The third car insurance policy that even cheap California Auto insurance companies offer is Third Party Insurance, which is considered the basic of all auto insurance policies. It is also the cheapest insurance policy there is since the car insurance company only pays out in a circumstance wherein you hit a third party while being involved in a car accident and of which you are held responsible.

Besides these three, there are other types of automobile insurance available, nonetheless, they are not considered as a requirement of any US State. The first type is Medical payments or Personal Injury Protection. California car insurance for its part, considers this as an add-on which covers medical expenses arising from any cause or circumstance.

There is another type of auto insurance and it is termed as Specialized Car Insurance, mainly because it is customized for cars of 25 years and older. Such cars are considered classic and calls for a type of insurance that covers the conditions very common of classic cars.

Comprehensive coverage is another feature of California Car Insurance that is not required by any State to have. Nevertheless, it is also helpful because it pays for any expenses incurred for your car by any non-collision circumstance such as that which was mentioned in the previous paragraph.

California Car Insurance companies understand the needs of every situation. Collision and Comprehensive coverage is deemed the best auto insurance coverage along with the required minimum auto insurance because of the flexibility of the compensation. Frequently in US America, non-collision incidences happen such as natural disasters and fire.

Source by Rudy Silva

To better accommodate and benefit the citizens of New Jersey the Insurance Services Office, an entrepreneur organization that generates policies for home insurance, presented seven creditable policies for homeowners in the area.  These policies all have different terms for different people so they can choose the one that works the best for them, and a general summary of each policy can be found here:

Policy 1 (HO1) – It is the most basic of the home insurance in USA which covers your specific belongings mentioned in the policy in case there is a lightening or fire damage.

Policy 2 (HO2) – It is similar to the first policy, but covers a wide range of disasters including hurricanes, snowstorm, burglary, violent processions and so forth.

Policy 3 (HO3) – This is one of the most acceptable home insurance policy in the US. It covers your house as a whole which means, it covers any item inside it to. Moreover, if anyone gets hurt in the surrounding area due to the insured house, is also covered in this home insurance.

Policy 4 (HO4) – This insurance is issued to a person who does not own a house, but has rented it. It has the same features as the second policy, that is, damages are covered against lightening, burglary, earthquake etc.

Policy 5 (HO5) – This policy covers only your house. It cannot be applied to condominiums units or apartments. It is like the third policy but covers a broader range.

Policy 6 (HO6) – Under this US homeowner’s insurance policy condos and apartments are covered against disasters.

Policy 7 (HO7) – This insurance policy, which also goes by the name of the “older home” policy, is designed for houses that are very old and the money required to replace them is greater than their market value.

You should always research first to make sure what you are getting is what you need. Do not be hasty in choosing the policy for yourself. Take your time in reading the terms of the policy that you will be taking and see what it offers and what it lacks. Your priority should be to see what is being covered by the policy, and what the policy is against. To better assist you with this try searching online for the latest information to keep yourself up to speed and make the right choices when necessary to help you find the protection you need while saving money each month.

If you’re stuck and need some help finding good information online try using Ezquoteguide.com for finding the right local insurance information you need right away to help you fulfill your insurance needs.

Source by Marcel A Johnson

In California, when evaluating a home’s eligibility, one of the reports homeowners insurance companies check is a brush hazard report. Many companies have changed their standards over the recent years due to the large number of losses incurred in fires across the state. Some companies will require that you have at least a 1000 foot clearance around your home from any brush.

Recently, with the standards being changed, many homeowners are finding themselves in a position that their insurance company will no longer insure their home based upon the companies’ new guidelines regarding brush hazards. Some of these homeowners have been with their current carrier more than 20 years. With the implementation of new guidelines account maturity is not a factor.

Insurance companies do not want to be placed in a position that they could potentially suffer large losses as a result of a fire that continues to spread for days and weeks. If your home is located in an area that is considered a high burn area you may find it harder now to find an insurance company to insure your home.

Although you may not be required to find a new insurance company due to the brush hazard of your home, you may find that your rates on your renewal come in higher than previous years. These changes have stimulated homeowners to begin to shop their insurance packages with new insurance carriers. Generally, consumers that are getting non-renewed or are receiving renewal offers at a higher premium will get quotes on all of their insurance needs including their auto and umbrella insurance policies.

Source by Paul Woodward

One of the ways that you can save money on your health insurance premiums is to get high deductible health insurance. In this case, you pay more out of pocket for your health care, which results lower premiums. As many begin to consider their options during this year’s open enrollment season, it is little surprise that many are considering the high deductible option. However, it may not always be the best option. Here are some things to consider before you spring for high deductible insurance:   1. 85081013JR013_State_Budget_Loopholes in coverage: As always, read the fine print. In some cases, you might find there is a cap on the number of doctor visits you can make, dollar amount that is covered each year, or number of days you can spend in the hospital. Also, check to see what the high deductible plan covers. Many of these plans don’t actually cover prescriptions, mental health and maternity.
2. Can you afford the costs associated with high deductible insurance?: Another consideration is whether you can afford the insurance. Sure the premiums are lower, but can you afford to pay $5,000 if you get seriously ill? And many plans now require you to cover 30% of your expenses after the deductible is met. So, if you end up with a $10,000 bill for something, you have to pay $5,000, plus another $1,500 to cover 30% of the remaining bill. It may be more affordable for you to pay an extra $20 or $30 a month rather than try to come up with $6,500 to cover an unexpected illness.
3. Is it really cheaper?: Finally, you have to decide if it really is cheaper. I found, with the high deductible plans I was looking into, that since I would never meet the deductible in a year (unless there was a major catastrophe), I would be paying for all my expenses outright, on top of my premiums. It just didn’t make sense for me.

For some, though high deductible insurance is definitely worth it, especially when combined with a Health Savings Account. You can put some money in, and get a tax advantage, to save up for expenses related to meeting your deductible. This can be an elegant solution. But, truly, high deductible health insurance is mostly for those who are prepared and plan in advance.

Source by chris walker

Within most small businesses here in Michigan, their are some employees that would be considered “important”.  Employees that if a death were to occur, the business itself would take a financial hit.

This is the reason why small business owners should consider a key man Michigan life insurance policy.  With this type of life insurance policy the company is the beneficiary, and obviously pays the premiums (talk to your local accountant about any tax advantages).  The insured most agree to be covered under the policy.  Proceeds from the death of the key-man are usually tax free, and allows the business to stay above water as they train a new hire.

What types of life insurance policies are typically used for key man policies?  Usually term life insurance policies due to relatively low price for a considerable death benefit.  Premiums are based on usual life insurance questions.  This includes age, height, weight, smoking habits, past health concerns, etc.

When considering a death benefit on your key man employee, you must consider numerous factors.  What will it cost to rehire a new employee?  How much of your time as a business owner will be lost as you train your new hire?  Almost as important, how much in lost revenue are you going to lose if your key employee was gone from the company?

The major question is who should be insured?  Besides the owners or partners, some businesses depend upon their management team for their ongoing business success. Without their expertise, the company may suffer financially. In that case, the contributions of each team member should be considered to be insured.

Even lower-level employees may be candidates for key person insurance, especially those who are highly skilled, have specific expertise, or those who have developed personal contacts with customers or suppliers that generate a substantial share of the business’s revenues.

Source by Randy Palmer

Homeowners insurance is the ideal way to protect one of your lifetime investments, your house and also the pricey things kept in it. By purchasing this policy you insure your house and possessions against several threats such as natural disasters, theft etc.

While purchasing a homeowners insurance the first issue of extreme concern is the amount of coverage you want. A recent survey conducted by the Insurance Information Institute revealed that two-thirds of all homes in America were underinsured by an average of 27%. Thus it is important to opt for a right amount of coverage.

If you are finding it difficult to calculate the extent of coverage you want, there are several ways to do it. For instance if you want coverage for reconstruction of your house then multiply the square foot of your home by the local building cost per square foot. To know the cost of rebuilding your house, also known as dwelling coverage, you can take the help of any local insurance or real estate agent.

For instance in Nevada an average of 1268 square foot home that was built in 1997 has a current dwelling coverage of $81000. However if the homeowners feel that they are underinsured by 27% and increased their coverage to $110,000, the monthly payment will increase by $7.50 per month.

Since most often the homeowners insurance also compensates for personal liability, you should also keep in mind how much coverage you require for certain legal expenses, medical expenditure or injury to any member of the house.

Though a standard homeowners policy comes with liability coverage of worth $100,000, insurance professionals usually advise to get of coverage of around $300,000 to $500,000 as liability coverage. To have this extra amount added to your standard homeowners policy, purchasing an endorsement is a wise idea.

You can also go for personal umbrella coverage in case the worth of your assets is more than $300,000 to $500,000. The umbrella cover is extremely useful once you are through with your homeowners or automobiles coverage. For instance if your colleague is injured at your house and revengefully sues you for $500,000, your homeowners insurance will cover for $300,000 and get exhausted but the amount left will be easily covered by the umbrella coverage.

For insuring your household things there are three ways. First is the actual cash value in which the policy pays for replacing your personal property using the method that is based on replacement cost of the thing minus the depreciation?

Second is the replacement cost strategy where you receive current amount for the thing you lost in any of the covered dangers. Though this way requires you to pay an additional premium but it can prove extremely beneficial in the long run.

The third option is the guaranteed replacement cost. This coverage means that there is no maximum payout applied to coverage of your insured personal possessions. You need to pay an extra premium but on the same hand increase your deductible to make the coverage somewhat cost-effective. Similarly the structure of our house is also to be insured in these three ways but with slight variation.

According to current facts and statistics presented by National Association of Insurance Commissioners in 2002 the average expenditure on homeowners insurance increased by 12% from $593 to $668 in 2003. Expenditure varies with the state. For example in 2003 Texas witnessed the highest average expenditure of $1328, in Oregon it was $461, Delaware $442 and Maine $462.

Source by Mansi Gupta

Although dental insurance is considered as being under health insurance jurisdiction, these two insurance types are in fact separate from one another. Most of the companies that provide their employees with health insurance do not include dental insurance and the increasing cost of dental care has made dental insurance in Washington D.C. a necessity. Dental health is as important as physical health, but unfortunately there are still some unresolved issues regarding dental insurance in Washington D.C.

Dental health is very important, but sometimes the costs of a full dental care are too high and most people tend to ignore their dental problems. Moreover, dental insurance in Washington D.C and many other states is also expensive, but costs can be considerably reduced by choosing the right dental plan. There are many Washington D.C. low rates insurance companies that have great dental insurance plans at affordable prices.

One of the tricks you have to know in order to get those Washington D.C. low rates insurance dental plans is that not all the coverage of dental insurance in Washington D.C. are necessary. For example, an expensive dental insurance plan in Washington D.C. allows you to choose the dentist. By choosing a dental insurance that will not allow you to opt for the dentist of your choice, you will save you a lot of money. Moreover, due to the fact that dental insurance in Washington D.C. has become more and more necessary, there are many Washington D.C. low rates insurance companies that have affordable dental plans that cover the most important aspects of dental care.

Another way to reduce the cost of your dental insurance in Washington D.C. is to choose a dental plan for your entire family and not just for yourself. Washington D.C. low rates insurance companies offer discounts for groups or families. You will have the dental coverage plan that you want and pay less. As the number of insured people increases, the premium per person is reduced and therefore the cost of your dental insurance in Washington D.C. becomes lower.

The cost of dental insurance in Washington D.C. is different for different dental insurance companies. However, there are many Washington D.C. low rates insurance companies people can choose from. Dental care is very expensive and unfortunately most health insurance policies do not offer dental insurance. The high cost of dental insurance in Washington D.C. has determined people to look for the best offers possible. One of the best places to look for affordable dental insurance in Washington D.C. is the Internet. People can compare prices, the coverage of their dental insurance and make the best choice.

The best way of finding the best dental insurance in Washington D.C. is to compare the offers of dental insurance companies. There are many companies in Washington D.C. that have low rates insurance dental plans and the best way to get the right dental insurance is to compare prices and lose some of the unnecessary coverage of the insurance.

For more resources about Dental insurance Washington D.C. or even about Washington D.C. low rates insurance please review this page http://www.a1onlineinsurance.com

Source by Groshan Fabiola

Getting proper auto insurance for a rental car is a process full of uncertainty and more than a little confusion. Should I get insurance from the rental company? Am I covered if I use my credit card to rent the car? Does my auto insurance policy cover rented vehicles? All of these are questions that come to mind when thinking about obtaining auto insurance for a rental car.

The first step you should take before renting a car is to check on your existing auto insurance coverage and with your credit card companies to find out what type of rental auto insurance you already have in place. This can be done before you ever rent a car so you enter the process with some background knowledge.

If you are renting a car for pleasure and not business, most likely the coverage and deductibles you have with auto insurance on your car will apply to the rental. If you have comprehensive auto insurance your rental car will have the highest level of coverage, but if you have dropped comprehensive or collision auto insurance on your car remember the rental won’t be covered in case of theft or an accident. Also check with your auto insurance provider for any riders it might offer that might be less expensive than buying auto insurance through the rental company.

Rental car insurance offered by your credit card is going to vary widely depending on the type of card, the issuer and even the bank that provides your credit card. Typically any coverage provided by your credit card will involve damage or loss to the rental, but will exclude your personal belongings, personal liability, other cars and other’s property. You should check with each credit card you carry to find out which one offers the most secondary coverage for rental car insurance.

Once you rent a car and you know where you are covered through your personal auto insurance and credit cards, you will have the option to add coverage through the car rental service. These options include: loss damage waiver, liability insurance, personal accident insurance, and personal effects insurance.

Source by Barclay Win

Long term care insurance has gained popularity lately as people are finding that they are living longer. Many states are also offering tax incentives for purchasing long term care health insurance. But is it right for you? Here are some things to consider.http://www.terminsurance.pannipa.com/2009/11/long-term-care-insurance-should-you-get-it/

There are plenty of statistics floating around about the possibilities of needing long term care, and some of them are pretty scary. But the fact remains that nobody can predict if they are going to need long term care. In fact, if it was possible to look at someone and say “He will definitely need long term care in the future,” that person would probably not qualify for long term care insurance.

Instead, many financial planners recommend getting this coverage as part of a sound financial and retirement plan. If you need the care, your life savings could be wiped out or impacted so much that your retirement dreams could go down the tubes.

Unfortunately, private health insurance and Medicare won’t cover long term custodial care. And in order to get Medicaid, which will cover long term care for the poor, you need to spend down all of your assets.

So, according to the Insurance Information Institute, you shouldn’t buy long term care insurance if you:

1. Have so much money that you won’t have a problem covering long term care expenses.

2. Have so little money or assets that you will easily qualify for Medicaid.

Otherwise, this coverage is recommended for your peace of mind.

To find out how much long term care insurance might cost you, get some comparison quotes. You should probably get at least three different quotes. An easy way to do this is through an insurance comparison Web site. You’ll just need to complete on online quote request form to get several quotes back from various companies and agencies.

Also remember that the older you get, the more expensive this insurance may become and the harder it may be for you to qualify.

http://www.terminsurance.pannipa.com/2009/11/long-term-care-insurance-should-you-get-it/

Source by Fredy

Dancing is an amazing way to exercise as well as to express oneself. It is one of the few ways to burn calories and have fun at the same time. This is one of the reasons people are getting so excited about learning the art of dance. From reality television to ballet recitals, dance is all around us and doesn’t look like it has any intention of leaving.

As the business owner, you may be wondering if having insurance for your dance studio important. The answer to that question is absolutely yes. It’s the best way to protect yourself from any financial losses which you might incur due to property damages or a liability claim if a dancer happens to get injured. Lawsuits is not everyone’s cup of tea but is a very real possibility. You also need to think about medical bills and repairs to your studio among other things. If your dance studio is uninsured, then this is money that will have to come from somewhere.. Probably your very own pocket. Face it, in today’s world, this could cost you lots of money.

Some of the things to consider when looking for an appropriate insurance coverage are:

– Contents and Equipment

– Building

– Business Interruptions

– Employer Liability

– Public Liability

There are many different choices to make to find a great dance studio insurance. Make sure you select the one that meets all the needs of you and your business.

Consider the following:

– Does the insurance company provide a complete coverage for your studio?

– Do they specialize in dance studios?

– Will they expand your coverage if you plan a special event in your studio?

– What about your staff? Are they covered as well?

– Are they able to recommend ways to make your environment safer as well as help save you money?

If the studio is part of your home, you will still need to get special coverage. Normal homeowners insurance will not cover accidents that occur in your basement if your basement provides you income.

You have established that you need insurance and the coverage that suits you best. The next step is to start shopping. Different companies offer varied options to choose from as well as differences in prices. If you have your homeowners and car insurance with one carrier, give them a call. Several companies offer discounts to multiple policy holders. Make sure you are protecting yourself as well as your pocket.

Dance studio insurance can be compared to dancing shoes. A good one will lead you through a smooth performance.

As a business owner you’ve probably encountered workers compensation reinsurance before. This is when an insurance company has to insure itself with another insurance company to share out the loss with other insurance companies. Every insurance company will need reinsurance now and again, especially when there is a large amount of claims going through at one time to avoid going bankrupt. With workers compensation you could see reinsurance done when a claim is too large for one insurance company to take on. This means you could see your claim going through not only one insurance company, but multiple companies.It can be hard to avoid this after the event that occurred in New York a few years ago as many insurance companies went under after that. Reinsurance tends to occur on almost all claims as not every insurance company has endless funding to pay off all the claims in one lump sum. When you are receiving workers compensation you could see reinsurance occur and you may get frustrated as it could cause a little bump along the way. Reinsurance has been designed to ensure that everyone gets their full earnings for their workers compensation but when multiple insurance companies can’t cover it things could get a little rough. Understanding how worker compensation and reinsurance of this compensation works could be the only way you know how exactly you are going to receive the money you need to get by in life. If an injury occurs in the workplace and the company has workers compensation insurance they have protected their employees from becoming stuck financially, but if one insurance company can’t pay off the compensation reinsurance is going to be done. Don’t think that you are the only one who is being put through the reinsurance process because you are not. When one claim is put through the reinsurance process it is guaranteed there are several others going through the same thing. It may take two insurance companies, it may take ten, it all depends on how much is being paid out for the workers compensation. Workers compensation reinsurance is becoming more practiced by many insurance companies throughout these hard times so expect to see it happen if you are involved with receiving workers compensation. It is not an uncommon thing and by having the option to use reinsurance people become more likely to receive the compensation for the time they are off work due to an injury in the workforce.

Source by Bill Gatton

Whether you are new to Texas, or have lived here your entire live, the chances are good you are going to need to ask some questions about auto insurance in Texas. Is it required-and if so, how much is required? When will you need to show proof of insurance? What happens if I get into an accident that is not my fault, but the other driver has no insurance?

Clearly these are all important issues about auto insurance in Texas. Here at Texas Auto & Home Insurance, we are here to help get you the answers to these and other Frequently Asked Questions.

Is Texas Auto Insurance absolutely required by law?

Yes, auto insurance in Texas is most definitely required for all drivers. Texas law requires all drivers to at least carry liability insurance. Often called 20/40/15 coverage, this minimum policy covers up to $20,000 per injured person, $40,000 for everyone hurt in the accident, and $15,000 for property damage. Note that this type of auto insurance in Texas does not cover you, it only covers the victims of the accidents you cause.

If the medical and/or property damage associated with an accident that you caused exceeds these amounts, you will be responsible for the additional costs. If you cannot afford to pay, you may e sued. In most cases, one can avoid this situation by purchasing additional coverage beyond that required by law.

When will I need auto insurance in Texas?

Obviously you will need to show proof of coverage when you are in an accident. The other driver will want to take down your information and may choose to file a claim with your insurance company.

Other scenarios in which you may be required to show proof of auto insurance in Texas include:

1. A law enforcement officer asks you for it.

If you are pulled over by a police officer for any reason, the first question he/she will ask is to show your license and proof of insurance. If you do not have proof of auto insurance in Texas when a police officer asks, you will immediately be issued a ticket.

2. Register your car or renew its registration.

One way in which mandatory auto insurance in Texas is enforced is by requiring drivers to show proof of insurance when registering your car or renewing your registration. If you do not have it, your registration sticker will expire and you may be pulled over and receive two tickets-one for expired registration, and another for not having proof of insurance.

3. Obtain or renew your driver’s license.

Another way auto insurance in Texas is enforced is by requiring drivers to show proof of insurance when you first obtain, or renew your driver’s license. Without having insurance, you literally cannot drive legally.

4. Get your car inspected.

Finally, you cannot get your car inspected without showing proof of auto insurance in Texas. Like your registration sticker, your inspection sticker and date of expiration are clearly visible on your cars windshield. If it expires, you may be pulled over and asked to show proof of auto insurance.

Clearly, there is just no way to get around having auto insurance in Texas, and State Law has built in several different ways that its proof and currency will be constantly checked.

Ultimately, however, this is a good thing. What should happen if you were to get into an accident that was the other drivers fault, and learned that he/she did not have insurance?

The only way you will be able to recover damages, if the person is not willing or able to pay, is through a civil suit. However, by purchasing additional coverage through your insurance agent, you can be sure that you are protected in these situations.

Source by George M. White