None of us enjoy contemplating what kind of coffin we should be buried in, much less our ideal burial place or what our funeral should consist of, but pre-planning for these realities makes it easier on our loved ones when we pass. According to the Federal Trade Commission (FTC), a traditional funeral complete with casket and vault costs around $6,000. Add in flowers, obituary placements and limousine services, and the total cost can run in excess of $10,000. And remember, unplanned funeral arrangements mean that both the arrangements and their cost must be addressed within 24 hours of someone's passing.
Most funeral homes make the pre-planning process easy by allowing people to plan for even the smallest details of the funeral process. As required by the FTC, funeral directors provide a price list for supplies and services. For those who pre-pay, funeral homes often offer price guarantees, which allows you to pay for tomorrow's funeral at today's prices with a few exceptions, such as the cost of flowers and grave services.
Excepting cash, there are three easy ways to pay for pre-arranged funerals: final expense insurance, pre-need insurance and pre-need trusts.
Final expense insurance, also referred to as funeral insurance, is a low-level life insurance policy purchased from an insurance company. As with any life insurance policy, the insured names a beneficiary; only in this case the money is used for funeral expenses. Final expense policies are either term life insurance or permanent life insurance, the first of which offers coverage for a specific period of time, while the later offers coverage for life. Term policies and permanent policies are further subdivided into "simplified issue" and "guaranteed issue" policies, neither of which requires a medical exam. However, in the case of simplified issue policies, for which applicants are asked health related questions, people with serious health problems may receive a policy that includes a "graded death benefit", which means that the premiums gradually increase and the policy's full value kicks in only after a certain period of time.
Pre-need insurance is life insurance intended for people who have made specific funeral arrangements and wish to insure that they are carried out. Funeral directors who are licensed as insurance agents sell pre-need policies, receiving commissions in the process. The funeral home is the policy's beneficiary and the funeral director handles the policy claim, making it easier on the family in mourning.
Lastly, a pre-need trust is money placed in a trust fund that is dispersed to the funeral director upon your passing. A pre-need trust is premium free, but making the trust either revocable or irrevocable can bring financial ramifications. Unlike irrevocable trusts, the money in revocable trusts can be withdrawn at any time, which can count against those who you are trying to qualify for need-based social services.
Tuesday, September 22, 2009
How to Choose an Insurance Company
If you're like many people, you've probably had the same insurance company for years. Until recently, my auto and home insurance were with the same company my parents used.
We can all call around and get the best rates on the minimum required auto insurance. This is probably where most of us started when we were young drivers with no assets to protect. At some point you buy a house. You call your car insurance company if they offer homeowner's insurance, or maybe you go with the person that your Realtor or escrow officer recommends.
Now a few years go by. Your earning power has increased, but you've never really thought much about insurance. It's past time. Insurance is a big deal, but many of us don't think about that until it's time for a claim and then it's too late. Where I live in California, the local news carried stories of fire victims a few years ago. The insurance companies set up shop at the shelters. Some customers were well taken care of. Others were very unhappy with the decisions they had made.
I'm sure many of the unhappy homeowners made choices based on prices alone. While price is important, you need to consider other things as well. How stable is your insurance company financially? How do their current customers rate them on customer service and claims? J.D. Power and Associates rates insurance companies on a variety of factors, including pricing and overall satisfaction. Consumer Reports has an article in its September 2009 issue about homeowner's insurance. Most of these companies provide a whole range of insurance, including auto insurance. Take a look at the companies that come out on top of these reports and call them for quotes. Make sure you're comparing the same coverage, deductibles and limits.
You also need to figure out how much and what types of insurance you need, but that's a topic for a different day.
Big Insurance Companies and the McKinsey Report
CNN anchor Anderson Cooper recently did a two-part series on the business practices of the nation's largest property/casualty insurance company and Allstate Insurance. It was the culmination of an 18-month CNN investigation of low-impact, soft-tissue injury accidents around the country. The series was then broadcast on CNN. The video links to the two segments are listed below.
These three major insurance companies joined together (add Liberty Mutual) and hired the legendary business consulting firm McKinsey and Company. McKinsey, in their customary fashion, looked at the insurance companies' business practices and made recommendations on how to increase profits in a report entitled "The Three Ds: Delay, Deny and Defend."
In delaying a claim, insurance companies place significant financial pressure on a policyholder or claimant. That pressure can force a policyholder or claimant to accept a much smaller claim settlement amount.
By denying a claim, insurance companies force policyholders and claimants to seek legal representation. Many personal injury attorneys are reluctant to take on a client for a small loss, since attorneys often work on contingency fee schedules. So, in the absence of good legal representation, policyholders and claimants are once again forced to accept "lowball" settlement amounts from insurers.
In defending a claim, the insurance companies take the position of forcing the policyholder first into the Appraisal process found in most policies. This requires that each party choose a representative, and then the representatives choose and umpire. The agreement of any two of the three chosen constitutes the claim amount. But this will add months to any claim process. The next step for the policyholder or claimant is to file a lawsuit. This will add years to the eventual settlement...if they can find legal representation and pay for it.
Insurance companies have taken this position with the intent of making the legal process so costly for personal injury attorneys that they become even more reluctant to accept new clients for small cases.
So far, the "Delay, Deny and Defend" tactics have been wildly successful for any insurance company that has adopted the tactics. Industry profits have risen considerably over the past few years, despite significant catastrophic events such as Hurricane Katrina and other Gulf Coast hurricanes since 2004.
These three major insurance companies joined together (add Liberty Mutual) and hired the legendary business consulting firm McKinsey and Company. McKinsey, in their customary fashion, looked at the insurance companies' business practices and made recommendations on how to increase profits in a report entitled "The Three Ds: Delay, Deny and Defend."
In delaying a claim, insurance companies place significant financial pressure on a policyholder or claimant. That pressure can force a policyholder or claimant to accept a much smaller claim settlement amount.
By denying a claim, insurance companies force policyholders and claimants to seek legal representation. Many personal injury attorneys are reluctant to take on a client for a small loss, since attorneys often work on contingency fee schedules. So, in the absence of good legal representation, policyholders and claimants are once again forced to accept "lowball" settlement amounts from insurers.
In defending a claim, the insurance companies take the position of forcing the policyholder first into the Appraisal process found in most policies. This requires that each party choose a representative, and then the representatives choose and umpire. The agreement of any two of the three chosen constitutes the claim amount. But this will add months to any claim process. The next step for the policyholder or claimant is to file a lawsuit. This will add years to the eventual settlement...if they can find legal representation and pay for it.
Insurance companies have taken this position with the intent of making the legal process so costly for personal injury attorneys that they become even more reluctant to accept new clients for small cases.
So far, the "Delay, Deny and Defend" tactics have been wildly successful for any insurance company that has adopted the tactics. Industry profits have risen considerably over the past few years, despite significant catastrophic events such as Hurricane Katrina and other Gulf Coast hurricanes since 2004.
Compare Online Insurance Quotes - How to Compare Insurance Quotes and Find the Lowest Rate
When purchasing insurance, for anything home, auto, health, or even life insurance it is always a good thing to shop around. You want to compare everything from premium cost to coverage. It is important that you take the time to research every aspect, this is supposed to help keep you safe and from having to spend a lot of money should something bad happen. One of the quickest most effective ways to compare different insurances is to search online. Being able to compare online insurance quotes has gotten much easier since there are so many sites that search multiple insurance companies for you. When you compare online insurance quotes a normally frustrating job becomes a breeze.
So how does one compare online insurance quotes and ensure that they still get a good deal? Start by checking out sites that compare multiple insurance companies. Tell the site what kind of coverage you're looking for, how much of a deductible you are willing to pay and any other important information that the site may ask for. This will vary depending on what kind of insurance you are looking to buy.
Once the search is finished you will have a side by side comparison of insurance companies that have policies that meet at least the majority of your needs. Some might exclude minor things while others include other minor things. Once you have this information, simply scroll through it and compare online insurance quotes. By looking at their offers side by side you can find which policy is right for you.
Having this ability to compare online insurance quotes side by side gives the consumer greater power and less frustration. Once you pick an insurance plan or two that might be appealing you can then look for company reviews to make sure that you are paying for the best possible coverage at the lowest possible price. Other customer reviews can give you much needed insight when purchasing insurance. A consumer informed by having the ability to compare online insurance quotes is an empowered consumer.
It is important to compare insurance quotes before getting signed up with an insurance policy. When you compare insurance quotes you can rest assured you are saving both time and money because you are guaranteed to get the lowest insurance quote.
Given the current recession it is important to make sure to prioritize your money and compare insurance quotes online. A good place to state would be an online website that actually allows you to compare insurance quotes online for free.
comprehensive services of TCM
Attn: To all TCM staff
(Traditional Chinese Medicine) Red Star Road, Huaihua Red Cross Hospital, Huaihua City, Hunan Providence
My mother and I would like to take this opportunity to thank all of the Professors, Doctors, Nurses, Translators, Security, Cleaners and all office staff for making our stay at the TCM Hospital a comfortable, secure and pleasant one. We believe that is all due to the great staff of TCM Hospital and the friendly people of Huaihua City.
We have never met such a genuine and welcoming group of people, like the ones at the TCM Hospital. You should all be very proud of your city and all the people which make it so welcoming.
Dr.Ming you should be very proud and thankful to all your staff at the TCM Hospital. This makes the recovery for all patients a pleasant one.
We wish you all the best in the future; keep up the great work TCM Hospital.
Best wishes,
Natasa and Aneta Stanic
Professor A/Salam Gerais
MD Frcog Flcs
Department of Obstetrics & Gynecoclogy
Faculty of Medicine- University of Khartoum
P.O. Box 102 Khartoum
Tel: 778977(office) -272600(Res) Fax: 782786
At the airport we were met by the representative of TCM and brought us in the middle of the night to the centre when we found comfortable room. In the morning, the medical team discussed with us the program of treatment. For the whole period, it was started immediately and continued regularly for 46 days. There was about 20% improvement mainly in the limbs. The improvement would have been more if another disease was not discovered during my stay. We received good attention from all who were very kind-administrative, medical nursing, translators and other auxiliary staff.
The rooms were comfortable and cool, other facilities were very good, especially the internet. My four daughters and two grandchildren who came by turn enjoyed their stay.
It is my plan to continue treatment and come back for follow up.
Thanks for all
Prof. A/Salam Gerais
Khartoum
Sudan
We are from Afghanistan and we came to your hospital for my father treatment, and we are very happy from you all, from your doctors, guards, cleaners, translators and all staff in your hospital. We are happy from all and we hope your hospital will be a good and very special hospital in the treatment for every one.
Thanks. Masir Ahmad
Comment to the hospital and the staff
All the doctors and the nurses here in the Red Cross Hospital for chronic and difficult diseases are very sympathetic and friendly. Their cordiality and the encouraging smile during the Doctor¡¯s round was very motivating always.
I feel that the doctors here take the complaints of the patients seriously and they try to give their best to help them.
The translators are very friendly and helpful. They translated my sometimes difficult explanations very good and they showed a lot of patience.
Thanks to the security guard group and the cleaner group. They give their best to make the stay in the hospital a secure and comfortable one.
I¡¯m surprised about the success of the treatment here and it is a pity that I can¡¯t stay longer here. But I¡¯m sure that I will come back as soon as possible.
Thanks to all of you!
Fabienne Weiss from Switzerland
I¡¯m from Romania, and I¡¯m a MS patient. I came here with a lot of hope, and did it right.
I was satisfied with the way I was treated here, and it¡¯s not only about the welcoming, but also I was impressed about those nice people. The treatment received from Dr. Ming, Dr. Li and Dr. Cristal (and the others), had good results (even from the first week), and my body responded very well & first at this has natural treatment with no side effects. I am very grateful to the doctors.
I¡¯m going back to my home,( much better that I was before) with an improved condition.
Thank you very much!
After a month of treatment, I feel confident and hopeful, like I never felt before, because I see now signs of improvement, little signs but visible ones. Tomorrow I will be going back to my country, Brazil, carrying with me enough herbs for six months, where I will continue the treatment. I hope signs of improvement will show magic and stronger, and I will recover somehow. My wife and I, wish to thank you all, doctors, nurses, translators and staff for your help and kindness.
Michel Sallouti
Ms. Rahma from Yemen suffering from rheumatoid arthritis and osteoporosis and not able to walk for seven years due to weak and stiff knees. After 15 days TCM treatment in our hospital, she could walk now herself with the stick. This is the miracle made by TCM and our hospital
Attach a file about the patient
To whom it may concern,
Mrs. Rahma Said Aweis, 46 years, a Somali refugee in Yemen complains of ¡°Rheumatoid Arthritis¡± for 9 years. It is aggressive and lead to destruction of both knees, left elbow, and cervical spine. There are fixed flexion deformities of both knees and elbow and unstable cervical spine. In addition, she suffered severe chronic pain because of the active disease.
PLAN OF TREATMENT:
Control disease process, inflammation, pain, and chronic depression using Steroids, antidepressants, analgesics, and DMARDs.
Rehabilitation:
1. Toilet chair.
2. Training for ADLs.
3. Mild ROM and strengthening exercises.
Surgery:
1. Consider bilateral knee transplant.
The problem is in the rarity and very high expenses to access and good quality rehabilitation and surgical services locally in Yemen.
The clinic is supporting them for now in the treatment because of their very limited financial resources.
Best regards,
Dr. Youssef Fahim Guirguis
M.Sc. Rheumatology and Rehabilitation
Medical Director, Ras Morbat clinics, Ade, Y
It¡¯s not a long time that we have been here but during these 27 days, we have seen lots of little and important improvements in my father¡¯s condition. That is incredible that you can stop the process of this disease, we really appreciate your help. We are so happy with TCM treatment and we are so sad that we have to leave here soon but we will continue this treatment in our country for 4 months and will be in contact with Dr. Ming and others. We will really miss every one here.
Miasghar Nayier
y relation with Huaihua Red Cross hospital when I was searching the internet looking for a place that I can TCM treatment. I found this website is very indicative, informative and . This encouraged me to come to the hospital. I¡¯ve been here 24 days. I found Dr. Ming is a wonderful personality and very supportive. Dr. Li, the doctor-in-charge of me is a very charming person. The hospital is very good, and the treatment regimen that is given to me is. The entire and administrative staff and are very and extended all the way when needed. The hospital is clean and the patent are good furnished.
Taher Aboulnaga
5 May 2009
18th Jun.09
¡¡
Dear Dr.Ming,
¡¡
This is Faisal from Saudi Arabia. I came here complaining from IBS, unfortunately my staying here was very short but I can feel improvement. Because i can't stay here long, so i am taking herbal tea with me home and i will be in touch with medical staff.
¡¡
The whole team here were very friendly(doctor, nurses and translators)
¡¡
I wish a good luck for every body here and patients get well soon.
Dear Dr. Ming,
Wonderful!
Thank you for saving my soul and life!
Rhoda Mckinwey
ALS patient
August 25, 2009
11:30 a.m.
From Winnipegj Canada
All Rights Reserved. Licensed ICP 000050 Hunan Province, China.
Produced by Tcmtreatment Web Science Designing Office.
(Traditional Chinese Medicine) Red Star Road, Huaihua Red Cross Hospital, Huaihua City, Hunan Providence
My mother and I would like to take this opportunity to thank all of the Professors, Doctors, Nurses, Translators, Security, Cleaners and all office staff for making our stay at the TCM Hospital a comfortable, secure and pleasant one. We believe that is all due to the great staff of TCM Hospital and the friendly people of Huaihua City.
We have never met such a genuine and welcoming group of people, like the ones at the TCM Hospital. You should all be very proud of your city and all the people which make it so welcoming.
Dr.Ming you should be very proud and thankful to all your staff at the TCM Hospital. This makes the recovery for all patients a pleasant one.
We wish you all the best in the future; keep up the great work TCM Hospital.
Best wishes,
Natasa and Aneta Stanic
Professor A/Salam Gerais
MD Frcog Flcs
Department of Obstetrics & Gynecoclogy
Faculty of Medicine- University of Khartoum
P.O. Box 102 Khartoum
Tel: 778977(office) -272600(Res) Fax: 782786
At the airport we were met by the representative of TCM and brought us in the middle of the night to the centre when we found comfortable room. In the morning, the medical team discussed with us the program of treatment. For the whole period, it was started immediately and continued regularly for 46 days. There was about 20% improvement mainly in the limbs. The improvement would have been more if another disease was not discovered during my stay. We received good attention from all who were very kind-administrative, medical nursing, translators and other auxiliary staff.
The rooms were comfortable and cool, other facilities were very good, especially the internet. My four daughters and two grandchildren who came by turn enjoyed their stay.
It is my plan to continue treatment and come back for follow up.
Thanks for all
Prof. A/Salam Gerais
Khartoum
Sudan
We are from Afghanistan and we came to your hospital for my father treatment, and we are very happy from you all, from your doctors, guards, cleaners, translators and all staff in your hospital. We are happy from all and we hope your hospital will be a good and very special hospital in the treatment for every one.
Thanks. Masir Ahmad
Comment to the hospital and the staff
All the doctors and the nurses here in the Red Cross Hospital for chronic and difficult diseases are very sympathetic and friendly. Their cordiality and the encouraging smile during the Doctor¡¯s round was very motivating always.
I feel that the doctors here take the complaints of the patients seriously and they try to give their best to help them.
The translators are very friendly and helpful. They translated my sometimes difficult explanations very good and they showed a lot of patience.
Thanks to the security guard group and the cleaner group. They give their best to make the stay in the hospital a secure and comfortable one.
I¡¯m surprised about the success of the treatment here and it is a pity that I can¡¯t stay longer here. But I¡¯m sure that I will come back as soon as possible.
Thanks to all of you!
Fabienne Weiss from Switzerland
I¡¯m from Romania, and I¡¯m a MS patient. I came here with a lot of hope, and did it right.
I was satisfied with the way I was treated here, and it¡¯s not only about the welcoming, but also I was impressed about those nice people. The treatment received from Dr. Ming, Dr. Li and Dr. Cristal (and the others), had good results (even from the first week), and my body responded very well & first at this has natural treatment with no side effects. I am very grateful to the doctors.
I¡¯m going back to my home,( much better that I was before) with an improved condition.
Thank you very much!
After a month of treatment, I feel confident and hopeful, like I never felt before, because I see now signs of improvement, little signs but visible ones. Tomorrow I will be going back to my country, Brazil, carrying with me enough herbs for six months, where I will continue the treatment. I hope signs of improvement will show magic and stronger, and I will recover somehow. My wife and I, wish to thank you all, doctors, nurses, translators and staff for your help and kindness.
Michel Sallouti
Ms. Rahma from Yemen suffering from rheumatoid arthritis and osteoporosis and not able to walk for seven years due to weak and stiff knees. After 15 days TCM treatment in our hospital, she could walk now herself with the stick. This is the miracle made by TCM and our hospital
Attach a file about the patient
To whom it may concern,
Mrs. Rahma Said Aweis, 46 years, a Somali refugee in Yemen complains of ¡°Rheumatoid Arthritis¡± for 9 years. It is aggressive and lead to destruction of both knees, left elbow, and cervical spine. There are fixed flexion deformities of both knees and elbow and unstable cervical spine. In addition, she suffered severe chronic pain because of the active disease.
PLAN OF TREATMENT:
Control disease process, inflammation, pain, and chronic depression using Steroids, antidepressants, analgesics, and DMARDs.
Rehabilitation:
1. Toilet chair.
2. Training for ADLs.
3. Mild ROM and strengthening exercises.
Surgery:
1. Consider bilateral knee transplant.
The problem is in the rarity and very high expenses to access and good quality rehabilitation and surgical services locally in Yemen.
The clinic is supporting them for now in the treatment because of their very limited financial resources.
Best regards,
Dr. Youssef Fahim Guirguis
M.Sc. Rheumatology and Rehabilitation
Medical Director, Ras Morbat clinics, Ade, Y
It¡¯s not a long time that we have been here but during these 27 days, we have seen lots of little and important improvements in my father¡¯s condition. That is incredible that you can stop the process of this disease, we really appreciate your help. We are so happy with TCM treatment and we are so sad that we have to leave here soon but we will continue this treatment in our country for 4 months and will be in contact with Dr. Ming and others. We will really miss every one here.
Miasghar Nayier
y relation with Huaihua Red Cross hospital when I was searching the internet looking for a place that I can TCM treatment. I found this website is very indicative, informative and . This encouraged me to come to the hospital. I¡¯ve been here 24 days. I found Dr. Ming is a wonderful personality and very supportive. Dr. Li, the doctor-in-charge of me is a very charming person. The hospital is very good, and the treatment regimen that is given to me is. The entire and administrative staff and are very and extended all the way when needed. The hospital is clean and the patent are good furnished.
Taher Aboulnaga
5 May 2009
18th Jun.09
¡¡
Dear Dr.Ming,
¡¡
This is Faisal from Saudi Arabia. I came here complaining from IBS, unfortunately my staying here was very short but I can feel improvement. Because i can't stay here long, so i am taking herbal tea with me home and i will be in touch with medical staff.
¡¡
The whole team here were very friendly(doctor, nurses and translators)
¡¡
I wish a good luck for every body here and patients get well soon.
Dear Dr. Ming,
Wonderful!
Thank you for saving my soul and life!
Rhoda Mckinwey
ALS patient
August 25, 2009
11:30 a.m.
From Winnipegj Canada
All Rights Reserved. Licensed ICP 000050 Hunan Province, China.
Produced by Tcmtreatment Web Science Designing Office.
chinese medicine is the most effective chronic and difficult diseases
Chinese medicine is the most effective treatment for various chronic and difficult diseases!
Dimitre from Bulgaria, who has suffered from MS, accompanied with the symptoms of the weakness and stiffness of the lower limbs for 9 years, the condition became worse in the latest 4 years, was hospitalized in our hospital. He has achieved significant improvement after 48 days TCM treatment here. The pains on the shoulders, neck, upper arms and waists disappeared. The problem of urinary incontinence was eliminated. The stiffness and weakness of the lower limbs have been improved obviously. At the same time, he could walk with the hands holding on the rail back-and-forth without the help of crutches. His weight also increased 7 kg. (June 21, 2009)
Dimitre from Bulgaria, who has suffered from MS, accompanied with the symptoms of the weakness and stiffness of the lower limbs for 9 years, the condition became worse in the latest 4 years, was hospitalized in our hospital. He has achieved significant improvement after 48 days TCM treatment here. The pains on the shoulders, neck, upper arms and waists disappeared. The problem of urinary incontinence was eliminated. The stiffness and weakness of the lower limbs have been improved obviously. At the same time, he could walk with the hands holding on the rail back-and-forth without the help of crutches. His weight also increased 7 kg. (June 21, 2009)
Sunday, September 20, 2009
Burial Insurance Benefits
These days, buying different kinds of insurance is very popular-auto, life, and so on. However, many people are still hesitant about buying burial insurance, when in fact, this is something that they should pay more attention to because it will surely happen sooner or later. Moreover, you can get a lot of benefits from buying burial insurance while you are still young.
One great benefit of buying burial insurance is something that you cannot buy anywhere, and that is peace of mind. You will sleep well everyday knowing that if anything bad happened to you, your family will be safe and secured.
If everything has been taken care of when the time comes for you to say goodbye, your family can mourn peacefully without having to worry about burial costs and expenses. The death of someone you love is devastating enough, but worrying about financial aspects of your loved one's death at the same time might be a little bit too much to handle.
Another great benefit of burial insurance is that you can choose what kind of funeral or burial service you would like to have down to the smallest detail. You can choose the kinds of flowers and their arrangements, music, color and style of the casket and so on. It might sound morbid for some people but it is not impractical. The truth is, many people buy burial insurance not to save money but to ensure that their burial service is something that they will like.
The premium that you need to pay monthly will definitely not go to waste because death is inevitable and something that we cannot prevent from happening. Every person will eventually die and the only thing that most people wonder about is "when." But for other insurance plans like auto insurance, the premium that you are paying every month may go to waste if no accidents happen which involve your car.
Burial insurance allows you to gradually save money to your bank account. Just imagine if you do not have a burial plan and suddenly you fell down and die. This will give your family a hard time paying for all the costs and expenses. It will cause a big dent in your wallet if you have not decided to pay everything in advance.
One great benefit of buying burial insurance is something that you cannot buy anywhere, and that is peace of mind. You will sleep well everyday knowing that if anything bad happened to you, your family will be safe and secured.
If everything has been taken care of when the time comes for you to say goodbye, your family can mourn peacefully without having to worry about burial costs and expenses. The death of someone you love is devastating enough, but worrying about financial aspects of your loved one's death at the same time might be a little bit too much to handle.
Another great benefit of burial insurance is that you can choose what kind of funeral or burial service you would like to have down to the smallest detail. You can choose the kinds of flowers and their arrangements, music, color and style of the casket and so on. It might sound morbid for some people but it is not impractical. The truth is, many people buy burial insurance not to save money but to ensure that their burial service is something that they will like.
The premium that you need to pay monthly will definitely not go to waste because death is inevitable and something that we cannot prevent from happening. Every person will eventually die and the only thing that most people wonder about is "when." But for other insurance plans like auto insurance, the premium that you are paying every month may go to waste if no accidents happen which involve your car.
Burial insurance allows you to gradually save money to your bank account. Just imagine if you do not have a burial plan and suddenly you fell down and die. This will give your family a hard time paying for all the costs and expenses. It will cause a big dent in your wallet if you have not decided to pay everything in advance.
Payment Protection Insurance reclaim
What is Payment Protection Insurance?
If you have a mortgage, a loan or a credit card then you may also have a Payment Protection Insurance policy (a PPI policy.) Also known as Accident, Sickness and Unemployment cover (ASU), Life & Accident, Sickness and Unemployment cover (Life & ASU), Mortgage Payment Protection Insurance (MPPI), Personal Loan Protection (PLP) or Credit Card Repayment Protection (CCRP), these policies are often sold alongside your credit card, loan or mortgage. These policies are intended to pay the customer's credit card or loan should the customer become unemployed or ill and become unable to pay the monthly amounts themselves.
Many lenders sold these policies without informing the clients that they were optional, without fully assessing the client's employment status or medical history and in many cases, this has led to the client being sold a policy they could never claim against.
The FSA has established that PPI has been frequently and widely mis-sold. If this applies to you, then you may be able to make a claim to get back the proportion of your monthly loan or credit-card payments that represented the PPI payments, plus interest.
Contact us now to see if you can claim.
If you have a mortgage, a loan or a credit card then you may also have a Payment Protection Insurance policy (a PPI policy.) Also known as Accident, Sickness and Unemployment cover (ASU), Life & Accident, Sickness and Unemployment cover (Life & ASU), Mortgage Payment Protection Insurance (MPPI), Personal Loan Protection (PLP) or Credit Card Repayment Protection (CCRP), these policies are often sold alongside your credit card, loan or mortgage. These policies are intended to pay the customer's credit card or loan should the customer become unemployed or ill and become unable to pay the monthly amounts themselves.
Many lenders sold these policies without informing the clients that they were optional, without fully assessing the client's employment status or medical history and in many cases, this has led to the client being sold a policy they could never claim against.
The FSA has established that PPI has been frequently and widely mis-sold. If this applies to you, then you may be able to make a claim to get back the proportion of your monthly loan or credit-card payments that represented the PPI payments, plus interest.
Contact us now to see if you can claim.
Family Home Protection Trust
If you or your partner enter a local authority care home, you risk losing your home to pay towards your care costs.Local Authorities force the sale of up to 70,000 family homes each year to help cover the owner's care fees.
We believe that this is a grossly unfair process that denies you the basic right of bequeathing your estate to your loved ones. We have designed the Family Home Protection Trust to ensure that your relatives receive the inheritance intended for them.
By placing your property into a Family Home Protection Trust / Beneficiary Trust we ensure that the home is not personally owned upon your entry into care. Once this is done, the local authority's financial assessment can be legitimately completed on the basis that the home is not a capital resource available to you.
So, if you are concerned about losing your family home to care home fees or would like further information about our Inheritance Tax Trust and you would like to receive the very best advice, contact us now on 0844 583 4000 or simply complete our contact form.
How Can I Tell If I Was Mis-Sold A PPI - Checklist
PPI is the abbreviation, used by financial institutions and insurance companies, for Payment Protection Insurance. PPI is an insurance that is sold along with the loan that you get from a financial institution. PPI is an optional insurance that the loan lending companies have been selling along with the loan that they disburse. This insurance is supposed to cover the period in which you are, for any reason like accident, illness or loss of income, unable to meet the instalment payments for the loan. In some cases, PPI was being sold in one go which means that you had to pay the insurance premium in a single upfront instalment. In other cases, PPI premium was being charged in instalments over a period. The loan giving companies' agents would sell PPI as they were getting commissions from the insurance companies. In certain cases, the agents would reduce the interest on a loan as the company was being paid by the insurance company to sell PPI.
It's only recently that people have discovered that they were being sold PPI when they did not even need it. This implies that PPI was miss-sold to them. Now, how can you determine if PPI was miss-sold to you or not? Here is a checklist that will help you to determine if it has been so:
• Did the person who was processing your loan application tell you clearly that the insurance was optional?
• Did the loan adviser tell you about any significant exclusion in the insurance policy?
• If you paid PPI, did the loan adviser tell you that you would be making a single upfront
payment and the interest would be added to your loan repayments?
• Single premium PPIs last for five years. If your loan repayment was more than this period, did the loan adviser tell you about it?
If all the terms of the PPI were not communicated to you or are not written in the insurance policy then a PPI has been you have been miss-sold a PPI. However, if this information was communicated to you or was written in the fine print of the contract then PPI has not been miss-sold in your case. Before entering any financial agreement, you must know exactly what are you getting into. No loan adviser is going to tell you that you are at an excellent credit risk, and his or her institution is eager to give you a loan. They will try to sell you PPI on the top of it so that they can earn the extra commission.
Now, whether you were miss-sold a PPI or not can become a debatable point. It will be your word against the loan company adviser. If you did sign up for the PPI policy then you will have a very weak case. In fact, you would not have a case of being conned into buying PPI. Therefore, before you think of suing the company, you should check the agreements that you signed. The PPI may also be listed as a part of your loan agreement. If you were not told that the PPI was an optional policy then you can bring a case against the company. Nevertheless, be sure you have proof of this.
Simon P Jennings is a personal insurance consultant. To make guaranteed you may contact him today at
It's only recently that people have discovered that they were being sold PPI when they did not even need it. This implies that PPI was miss-sold to them. Now, how can you determine if PPI was miss-sold to you or not? Here is a checklist that will help you to determine if it has been so:
• Did the person who was processing your loan application tell you clearly that the insurance was optional?
• Did the loan adviser tell you about any significant exclusion in the insurance policy?
• If you paid PPI, did the loan adviser tell you that you would be making a single upfront
payment and the interest would be added to your loan repayments?
• Single premium PPIs last for five years. If your loan repayment was more than this period, did the loan adviser tell you about it?
If all the terms of the PPI were not communicated to you or are not written in the insurance policy then a PPI has been you have been miss-sold a PPI. However, if this information was communicated to you or was written in the fine print of the contract then PPI has not been miss-sold in your case. Before entering any financial agreement, you must know exactly what are you getting into. No loan adviser is going to tell you that you are at an excellent credit risk, and his or her institution is eager to give you a loan. They will try to sell you PPI on the top of it so that they can earn the extra commission.
Now, whether you were miss-sold a PPI or not can become a debatable point. It will be your word against the loan company adviser. If you did sign up for the PPI policy then you will have a very weak case. In fact, you would not have a case of being conned into buying PPI. Therefore, before you think of suing the company, you should check the agreements that you signed. The PPI may also be listed as a part of your loan agreement. If you were not told that the PPI was an optional policy then you can bring a case against the company. Nevertheless, be sure you have proof of this.
Simon P Jennings is a personal insurance consultant. To make guaranteed you may contact him today at
Marine Boat Insurance
Achieving adequate marine boat insurance is an absolute necessity for anyone who treasures a boat investment. Some boat owners assume that this coverage is a part of its policy owners, but this is not usually the case. While small boats can be under a traditional home owner's plan, coverage may be much narrower than a water sports enthusiast can register. Unfortunately, these people insured under this sad reality to discover only when it is too late, leaving the owners with a ship badly damaged and very little in the way of cash to be used for repairs. The cost of purchasing and maintaining a boat can be very high. Obtaining an insurance policy of marine vessel to cover these expenses in case of theft or damage only makes sense for most boat owners. Such policies may cover costs of replacing a number of issues including bilge pumps, anchors, masts, deck chairs, batteries, docking equipment, depth search engines, fire extinguishers, engines and motors, life preservers, batteries, tires, seats , Bimini tops, paddles, solar panels, fuel tanks, emergency devices, and lights. Of course, there will be any limitations on coverage. Unless other pilots were added to a policy, there are many elements that can not be covered for loss. This can include personal items such as jewelry, cameras, or clothing. Sports teams, such as water skis or diving guidelines also may not be covered. However, most insurance agents can work with a client to develop a plan that best suits the particular needs of the client.
The specific characteristics of the marine boat insurance can vary, but usually have some things in common. As with all insurance products, liability coverage will address basic issues such as property damage to an insured person is responsible for this policy are at fault in an accident. If this accident has caused injuries to others, the costs of treating these injuries will be treated under the liability and coverage. Of course, there are limits to this coverage, depending on the type of policy you have selected. Requirements on what is covered and the dollar amount that is applied may vary from state to state. Some policies also handle funeral expenses in case of any loss of life is the result of an accident an insured person is responsible for. Payment for physical damage to the ship and the cost of the rescue efforts that often as well. In some cases, any damage that occurs with a trailer, as a result of an accident or natural disaster can be covered. Can not be deduced from the coverage associated with this. Other costs that could be covered by insurance marine boat could include towing reimbursement, emergency services, pollution or damage as a result of issuance of a petroleum product. If a sailor does not cause damage to a ship of the policy, there are many coverage options that are available.
Classic and antique boats are in a class by themselves and therefore require a special type of boat insurance marina. Since the value of a classic or antique boat can be a factor somewhat subjective, many policies allow the insured to the consumer to agree with the insurance company in relation to the value of the vessel. Current market value, of course, enter the agreed amount, but the owner of the boat will have something to say regarding the amount of craftsmanship is a value. Nobody wants to see their hard work and efforts go in the smoke, with no possibility of recovering the losses. If an old boat enthusiast in the process of restoring a boat, the coverage in case of fire or theft is very important. Reproductions and new wooden boats may also be eligible for coverage. Some providers impose strict rules on where or from an old ship can navigate collection. If an owner prefers more flexibility in this area, finding a policy that takes into account this preference can be recommended. In addition, some providers may require a boat owner to keep the ship throughout the winter months. Looking to all these features and the search for a plan that best meets the individual needs of the customer is an important part of the purchase of boat insurance marinas.
When selecting an insurance provider of marine vessels, the consumer should consider many things. The flexibility of coverage options is important. A company in the stability and quality of customer service are also crucial factors. Taking the extra step to ensure that the water craft are adequately insured can be paid in the event of an accident or natural disaster. The Bible speaks of the blessings of perseverance. Blessed is the man who remains temptation: for when trying to receive the crown of life which the Lord has promised to those who love Him. (James 1:12)
While securing a boat involve extra expense, there are ways that a consumer can reduce costs. Some companies offer discounts on certain conditions. If an operator completes a course on navigation and water safety, this may be entitled to lower premiums. Regular mechanical inspections and replacement of defective parts may also produce valuable discounts. No matter what approach a boat owner can choose, purchase of boats marine insurance can be part of responsible ownership.
Key Insurance For Nonprofit Organizations
Nonprofit organizations play an essential role in our society. Although both small and big businesses have provided us the comforts and productivity we enjoy in this country. America's nonprofit organizations are in the forefront in battling society's most urgent and pressing problems - drug addiction, homelessness, illiteracy, crime, and violence. Moreover, nonprofit organizations care for our most vulnerable citizens - the young, the sick, and the aged.
It is important, therefore, that nonprofit organizations have key insurance protection so that unforeseen circumstances cannot disrupt the delivery of their services. To this end, at least four types of insurance protection are essential:
Commercial General Liability Commercial general liability protects the organization from a wide variety of exposures. This insurance will cover legal obligation arising out of injuries or damages suffered by members of the public, customers, tenants, and others.
Property insurance Property insurance covers most types of property owned or used by the organization. This applies to furniture, machinery, equipment, merchandise held for sale, office supplies, and other such items. Leased property may also be covered under this section, but only if the organization has a contractual obligation to insure it and it is not otherwise insured under the coverage of others.
Workers Compensation Under workers compensation, the organization is responsible for the costs of any employee injuries that arise out of any employment related injury regardless of fault. Workers compensation is intended to provide financial relief for injury, illness, and death that result from workers performing their jobs or being on the job. It is not a substitute for regular medical insurance, life insurance, or disability insurance.
Directors and Officers Liability Directors and officers liability coverage protects the organization and board members from suits alleging financial loss from wrongful acts or bad decisions. This coverage, which includes the cost of defense, should be a part of your risk management for your organization and board.
It is important to be mindful of the exclusions in each of these policy forms.
Organizations with these types of insurance protection will have taken the necessary steps to maintain their critical work against unforeseen risks.
Insurance Adjuster - The Basic Adjusting Procedures
When one has a claim, it is useful to have some basic knowledge about the claims process. The more one knows about the processes, the better chance they have of getting a fair and timely settlement. I've written this article to give the layman some basic information as it regards the claims adjusting process.
First let us define the main two types of claims that we will be dealing with, first party claims, and third party claims. A first party claim means that the insurance policy which is supposed to cover the claim is the policy of the person making the claim. If you are getting paid by your insurance company, then you have a first party claim. In third party claims, the insurance policy which is supposed to cover the claim is the policy of the person that caused the claim. So if you are getting paid by someone else's insurance company, you have a third party claim. It gets a little more complicated when you get into workers compensation claims and healthcare claims, but for this article we'll stick with private property damage claims. Let me also say that there may be multiple adjusters assigned to any one claim depending on the scope of the claim, so the following rules apply to the claims adjusting process in general. Okay, so here are the basic rules.
First party claims:
1. Coverage determination - The adjuster must first determine whether or not there is a valid policy. This may seem simple, but there are many factors that can affect coverage. If the policy is an auto policy, there may be excluded drivers on the policy, or the vehicle may be a work vehicle, or the policy may be a brand new policy and there are questions as to the time that payment was made. The adjuster will have to gather driver information, the date and time of the policy inception, and numerous other factors that could potentially affect the coverage on the policy. As the claim progresses, if new information is obtained that could affect the coverage, the adjuster should put the claim on hold until the coverage question is resolved.
2. Damage assessment - After coverage is confirmed, the adjuster will have to figure out how much damage there is. Normally, there is an adjuster (the guy behind the desk), and an appraiser (the guy that goes and takes pictures of damages and writes an estimate). To determine damages, an appraiser will most likely use a software program that allows him/her to punch in information about damages. After the appraiser has listed the type of property and the elements of the property that are damaged, the software will generate a dollar amount reflective of the cost to repair the damages. The software that an appraiser uses is very sophisticated and incorporates the "going rate" for labor and also houses a database of parts supplies, both new and used parts. The software that is available on the market today is very effective at determining the amount of labor needed and automatically finding the cheapest parts available.
3. Payment - After the adjuster has a damage report, he/she will have to determine if it is acceptable and then issue the appropriate payment. On first party claims, there is almost always a deductible, so provided the estimated damages are in line with what the policy covers, the adjuster will simply request a payment for the damages minus the deductible amount and will send the payment to the owner of the property or the policy holder if they are the same party.
4. Supplemental issues - After the damage payment has been issued, the claim should be complete, but many times the damages that are reflected in the estimate are not completely accurate and when the property is being repaired, the cost begins to increase due to items that were not on the estimate, or other issues such as weather related delays (when Houston flooded, many collision repair facilities were without power for a while) which may increase the time needed for repair. Additionally, if there are additional costs that are covered by the insurance policy, then those will have to be addressed as well. One of these additional costs could be rental car coverage, or in the case of a homeowner's claim there could be temporary cost of living expenses that have to be adjusted. In any event, the final stage of any first party claim is the supplemental stage where the adjuster confirms the claim is complete or completes the adjustment of the claim by the supplemental charges. Another item to note is that if a supplement arises due to a repair facility stating that there are more damages than are on the estimate, it is likely that the adjuster will send the appraiser back out to inspect the property and this can take from hours to days, so just be prepared for some delays if you are not using a facility that works with your insurance company all the time. Insurance companies do not trust anyone, hehe.
Third Party Claims
1. Coverage determination - this first step is always the same. If there is not a valid policy the adjuster can just close the claim down right off the bat, so the first step is always to gather the appropriate facts surrounding the claim to determine the five "w's", you know, who, what, when, where and why, except that why is usually replaced with how.
2. Liability assessment - so remember we are talking about someone else's policy that is paying you, and therefore this extra step is involved. Liability can be terribly complex and many times the insurance company will have a little more experienced adjuster handling claims that involve liability. In simple terms, liability just means "who is at fault". The adjuster will have to review the facts of the claim and interview all the parties to the claim as well as witnesses. Additionally, depending on the complexity of the claim scenario, the adjuster may have to get specialty reports such as a cause and origin report, or complete a scene investigation, or any number of other factors that could affect "who is at fault".
3. Damage assessment - this is the same as in first party claims with one big exception; fault! The adjuster not only has to determine the damage that is visible, they also have to figure out any other related costs or "intangible" damages that have occurred as a result of the
"negligence" or "fault" of their policy holder. This can be complicated if injuries exist, and even more complicated depending on the severity of the injuries and even the location where the accident occurred. What most adjusters won't say is that there are different views in different areas of the country and depending on what area an accident occurred in, some of the damages that can't be documented (like pain and suffering or mental anguish) will have a substantially different value. For example, in New Orleans Parish, LA, it is customary to pay auto accident victims large amounts of money for pain and suffering and mental anguish even if the accident wasn't that bad and there is not much documentation to show the person incurred an injury. In the alternative, in Dallas County, TX it is much more conservative and if there is a minor injury, there is not going to be a large pain and suffering and mental anguish award.
4. Payment and supplements - the processes are the same on third party claims as they are on first party claims when it comes to making payments. Adjusters have monitor repairs and make sure all the related damages are paid for. On a third party claim, one can expect a little more scrutiny when it comes to supplemental payments. The adjuster on a third party claim will review very closely whether or not any additional damage is actually related to the accident in question and will almost always require a re-inspection if damages can't be repaired for the initial amount that was written on the estimate.
That's the basics! I would like to make the point that whether you have a first party claim, or a third party claim, you have the right to question any damage assessment if it doesn't seem reasonable. Keep in mind that if you challenge the damage amount as assessed by the insurance company, you will have to pay for another independent or public adjuster to assess the damages for you. A body shop can only negotiate damages based on actual repairs, but a licensed and trained adjuster can write a report that reflects differences of opinion which will force the matter into discussion. On first party claims, look in your policy for a section related to disputing damages (sometimes called the "umpire" clause).
Good luck!
Saturday, September 19, 2009
Life Insurance Market in India
The Life Insurance market in India is an underdeveloped one that was tapped by the state-owned LIC until the entry of private players in the market. Insurance products reached only 19 percent of the 400 million of the insurable population. The state owned Life Insurance Corporation sold insurance only as a tax instrument and not as a product that gave protection. Most customers were under-insured with no transparency in the products. With the coming of the private insurers the rules of the game has changed.
The 12 private insurance companies offering life products in India have already grabbed nearly 9 percent of the market in terms of premium income. The new business premium of the 12 private players has tripled over the couple of years. Meanwhile, the state owned Life Insurance Corporation's new premium business has fallen steadily. And in the coming days more private players are to join the market.
Innovative products, smart marketing strategies and aggressive distribution networks have enabled the private insurance providers to attract Indian customers faster than anyone ever expected. Indians, who always looked at life insurance as a tax saving device are more aware about the need for having insurance for life. People are now suddenly turning to the private sector and buying new innovative products on offer.
The growing popularity of the private insurers is overwhelming but the state owned insurance companies still dominate segments like endowments and money back policies. Te private insurers have taken over 33 percent of the market in the annuity or pension products. And in popular unit-linked insurance schemes they have a virtual monopoly, with over 90 percent of the customers.
Private insurers are scoring big in other ways. They are persuading people to take bigger policies. For instance, the average size of a life insurance policy before privatization was around Rs.50,000. That has risen to about Rs.80,000. But private insurance companies are way ahead in this game and the average size of their policies is around Rs.1.1 lac to Rs.1.2 lac, way bigger than the industry average.
By these super success stories, all private insurers are moving to the second phase of their expansion plans. No doubt the aggressive drive of private insurers is already paying rich dividends. But LIC is also not lagging behind, it is trying to fight back and woo new customers by introducing newer products and quality service.
Bijeta has experience in content development for various domains like IT, SAP, Creative and now Insurance!
The 12 private insurance companies offering life products in India have already grabbed nearly 9 percent of the market in terms of premium income. The new business premium of the 12 private players has tripled over the couple of years. Meanwhile, the state owned Life Insurance Corporation's new premium business has fallen steadily. And in the coming days more private players are to join the market.
Innovative products, smart marketing strategies and aggressive distribution networks have enabled the private insurance providers to attract Indian customers faster than anyone ever expected. Indians, who always looked at life insurance as a tax saving device are more aware about the need for having insurance for life. People are now suddenly turning to the private sector and buying new innovative products on offer.
The growing popularity of the private insurers is overwhelming but the state owned insurance companies still dominate segments like endowments and money back policies. Te private insurers have taken over 33 percent of the market in the annuity or pension products. And in popular unit-linked insurance schemes they have a virtual monopoly, with over 90 percent of the customers.
Private insurers are scoring big in other ways. They are persuading people to take bigger policies. For instance, the average size of a life insurance policy before privatization was around Rs.50,000. That has risen to about Rs.80,000. But private insurance companies are way ahead in this game and the average size of their policies is around Rs.1.1 lac to Rs.1.2 lac, way bigger than the industry average.
By these super success stories, all private insurers are moving to the second phase of their expansion plans. No doubt the aggressive drive of private insurers is already paying rich dividends. But LIC is also not lagging behind, it is trying to fight back and woo new customers by introducing newer products and quality service.
Bijeta has experience in content development for various domains like IT, SAP, Creative and now Insurance!
Compare Insurance Quotes - How to Compare Insurance Quotes Online
What is a faster easier way to compare insurance quotes than to do it online? No endless phone calls to make, no repeating your vital information dozens of times, all you have to do is go to a few sites put in your information and out pops quotes. The trouble is finding which sites to go to in order to get a good comparison.
You can go to each of your prospective insurance companies individually, get a quote, jot it down and then compare insurance quotes between the several you choose. That can be time consuming. It can be almost as time consuming as picking up the phone and calling each company one at a time to get quotes.
There is another way, many people have started using sites that scan several insurance companies and give you all their rate quotes and benefits in one location. The benefit of doing it this way... you only have to put in your information once. That's it one time and out pops five or six quotes form you top choice of insurers. These quotes appear side by side for easy comparison.
Using these "all in one" sites not only makes it easier to compare insurance quotes and they normally give you the option of choosing things like coverage types, deductible amounts, and other benefits. This helps you narrow your search and be able to tell if you are truly looking at comparable quotes.
With the internet at your fingertips, being able to compare insurance quotes for any type of insurance is quick and efficient. A lot of these all inclusive sites will allow you to purchase your policy directly from that site so you don't have to remember what type of policy you were pursuing. You don't have to pick up the phone or go directly to the chosen insurance carrier's website. A few clicks, some billing information and you are finished.
Getting several quotes side by side does seem to be the best and easiest way to compare insurance quotes online. Fast and simple, that's what all consumers want to see.
It is important to compare insurance quotes before getting signed up with an insurance policy. When you compare insurance quotes you can rest assured you are saving both time and money because you are guaranteed to get the lowest insurance quote.
Given the current recession it is important to make sure to prioritize your money and compare insurance quotes online. A good place to state would be an online website that actually allows you to compare insurance quotes online for free.
You can go to each of your prospective insurance companies individually, get a quote, jot it down and then compare insurance quotes between the several you choose. That can be time consuming. It can be almost as time consuming as picking up the phone and calling each company one at a time to get quotes.
There is another way, many people have started using sites that scan several insurance companies and give you all their rate quotes and benefits in one location. The benefit of doing it this way... you only have to put in your information once. That's it one time and out pops five or six quotes form you top choice of insurers. These quotes appear side by side for easy comparison.
Using these "all in one" sites not only makes it easier to compare insurance quotes and they normally give you the option of choosing things like coverage types, deductible amounts, and other benefits. This helps you narrow your search and be able to tell if you are truly looking at comparable quotes.
With the internet at your fingertips, being able to compare insurance quotes for any type of insurance is quick and efficient. A lot of these all inclusive sites will allow you to purchase your policy directly from that site so you don't have to remember what type of policy you were pursuing. You don't have to pick up the phone or go directly to the chosen insurance carrier's website. A few clicks, some billing information and you are finished.
Getting several quotes side by side does seem to be the best and easiest way to compare insurance quotes online. Fast and simple, that's what all consumers want to see.
It is important to compare insurance quotes before getting signed up with an insurance policy. When you compare insurance quotes you can rest assured you are saving both time and money because you are guaranteed to get the lowest insurance quote.
Given the current recession it is important to make sure to prioritize your money and compare insurance quotes online. A good place to state would be an online website that actually allows you to compare insurance quotes online for free.
Looking at the Top Insurance Companies
When you want to know the top insurance companies, you may automatically think of certain names. But really what does the top insurance company offer it's people? Are they that different that they are the best one for everyone to choose?
Obviously different people will find that different insurance companies are better than others. It will depend on your needs in the long run who you find to be your top insurance companies. Looking for lower down payments, it may not be the same company as the best price overall.
Many factors should be considered, including customer service. Though you may never need to call your insurance company, you still need to know they provide top customer service. You don't want to be placed on hold for several minutes, or talk to a person who isn't knowledgeable.
So customer service, though not used much, is highly important. Because even one phone call can keep in your mind that customer service was horrible for that company. People love to have quick answers without waiting a long time.
How about the benefits that you get through that insurance policy? Do you get a rental car if yours needs to go into the shop? Or are you stuck looking around and paying for that rental? This can make a big difference with who you feel is the best insurance company.
Yes big named companies have the ability to offer you better deals at times. But even those companies who aren't widely known can offer service that is as good. So just because you haven't heard of a company, don't push them to the side. Remember you can always change your insurance company.
Look around and find who gives you the best of everything, and the best rates. Make your own list of the top insurance companies out there.
Obviously different people will find that different insurance companies are better than others. It will depend on your needs in the long run who you find to be your top insurance companies. Looking for lower down payments, it may not be the same company as the best price overall.
Many factors should be considered, including customer service. Though you may never need to call your insurance company, you still need to know they provide top customer service. You don't want to be placed on hold for several minutes, or talk to a person who isn't knowledgeable.
So customer service, though not used much, is highly important. Because even one phone call can keep in your mind that customer service was horrible for that company. People love to have quick answers without waiting a long time.
How about the benefits that you get through that insurance policy? Do you get a rental car if yours needs to go into the shop? Or are you stuck looking around and paying for that rental? This can make a big difference with who you feel is the best insurance company.
Yes big named companies have the ability to offer you better deals at times. But even those companies who aren't widely known can offer service that is as good. So just because you haven't heard of a company, don't push them to the side. Remember you can always change your insurance company.
Look around and find who gives you the best of everything, and the best rates. Make your own list of the top insurance companies out there.
Car Insurance - How Big a Risk is a Woman?
Gender-specific car insurance does not give added benefits according to non-specialist insurers. They maintain that companies like Sheilas Wheels are simply innovative advertising campaigns targeted at female drivers. Craig Martin from Norwich Union says that although women drivers are a lower risk, a standard policy offers many practical benefits, which outweigh the additional gimmicks offered by specialist insurers.
Moreover, there comes a point when insurance for women becomes just as expensive as that for men. The AA quotes the case of a Ford Focus being driven in Cambridgeshire, for which the insurance for a woman, aged 55, was 257.65 pounds and for a man 252.52 pounds.
Young men have a far higher risk of having an accident than women, however this risk difference decreases with age. Take a male motorist aged 17; in our survey their premium was 2,906.25 pounds, whereas a similar policy for a woman was 1,938.13 pounds. When both motorists reach the age of 40 there is practically no difference in the premium. For people in their mid-50s, insurance for a man is marginally cheaper than that for a woman.
There are a number of other factors influencing insurance costs apart from age and gender. A high crime postcode area, like Liverpool, has premiums which are more than double the national average. This characteristic is weighted far more heavily than many others.
Confirming the trend mentioned above, young men have a six times greater risk of dying in an accident than a young women. However, by their mid-30s, both sexes have an equal chance of having a fatal accident. The fatality risk for older men is lower than that for women.
The insurer, Churchill, has found that over a lifetime, men have less accidents compared to women, 8.2 accidents to 9.5. Incidents involving women, which predominantly occur at lower speeds, cost the insurer less than for men]
The headline figure you are quoted is not necessary the final figure. Although the level of excess may reduce the premium, the contribution of the driver towards the bill for repairs may far outweigh the apparent cheapness of the initial quote. For example, Norwich Union may give you a low quote, but their excess charges are extremely high. If you are quoted a cheap headline figure, look for extra charges for services such as European cover or a courtesy car.]
Providers, who are members of the same group, will search for potential customers having the same profile and establish their price range accordingly. Although Direct Line, Churchill, Privilege and Natwest are all members of the RBS Group, they will all quote you different prices. Looking at the supermarkets, Norwich Union underwrites the motor insurance offered by Asda, the RBS Group provides the insurance for Tesco and esure for Sainsbury.
There are a number of reasons why car insurance for women is lower than that for men up to the age of 45 - government figures show that over 92 per cent of convictions for driving offences in the UK are for men. Men are responsible for 98 per cent of all convictions for dangerous driving. Women drivers tend to drive more slowly, carefully and for shorter distances than men. Although women have as many accidents as men, they are less likely to be serious.
The Way Insurance is Changing With the Times
Almost every state in US calls for the need of an authentic insurance coverage, while you intend to drive the vehicle, whether it is a car, or any SUV. The general aspects of Insurance Coverage include:
-Liability Cover against Bodily Injury. If a car driver knowingly or unknowingly hits any pedestrian, or any other person in any other vehicle, the injured person can sue the driver to recover medical and rehabilitation expenses and any damages thereof. The insurance coverage offers $15,000 to $30,000.One person injured paids upv to $15,000. Per accident is up to $30,000.
-Liability against Property damage. If damage to property is done in an accident, then, the driver is liable to pay the property owner certain amount as written in the Insurance coverage. Many states provide $5,000 worth of Insurance Coverage, whereas, some of the standard policies also dispense higher insurance coverage ,but is limited to $25,000.
-Coverage for Medical Reimbursement. Irrespective of who's caused the accident, or who was at fault, the medical benefits covered under the autRemember! Every car insurance policy differs from the other and this difference is the result of thought process of auto insurance company.
As per the statistics collected and analyzed by auto insurance experts, on an average a household in US spends $7,500 over a 10-year period in auto insurance alone, and out of which, he or she claims approximately $500.00.One begins to wonder.
Different modifications and changes are making the headway in a car insurance market, and which can further affect you in any of the following three ways:
-The nature of sale of auto insurance is changing with times. Earlier, an insurance agent, working under an individual or a stand alone company or a conglomeration used to dispense the insurance policy. It was only during the early 1990s, that insurance companies started to dispense the policies directly to auto insurance holder. An insurance agent, on the other hand would charge 15 percent commission upright, and another 12 to 15 percent commission on renewal. The insurance commission was utilized by many other insurers in buying extra insurance coverage.
-Many states in US often change and regulate the sale and use of auto insurance deals. Every state appoints insurance regulators to keep a close watch on auto insurance coverage, based on two factors namely, rate setting and claims disbursement., the auto insurance companies have built up the reputation of not even dispense legitimate insurance claims, and this has resulted in wide amount of distress among the consumers. It is also felt and observed by insurance commissioners of different stat
es that most common complaints concerning the auto insurance is claim handling.
-In generic sense, the very scope and role of auto insurance is undergoing massive changes. As people are accumulating wealth, they have more reasons to protect their virtues than any thing else.
-In generic sense, the very scope and role of auto insurance is undergoing massive changes. As people are accumulating wealth, they have more reasons to protect their virtues than any thing else.
Why do you need car insurance?
Auto insurance is the need of every car owner. The law clearly states that every car owner should insure his or her vehicle under car insurance, specifically related to liabilities. Under such kinds of insurance covers, the car owner is bound to pay the liabilities in cash for the damage caused to pedestrians, or other people, or causing damage to any property.
These auto insurance laws are governed under what is called, financial responsibility requirements. Car owners can also manipulate other alternatives, beyond the realm of insurance, in order to have the insurance needs fulfilled completely. Still further, there are many states, which offer alternative to the insurance in the form of cash bond. In case of any accident caused by the car driver, the person injured can claim for the expenses against the cash bond, in a similar manner, as an injured person would claim under the auto insurance.
However, for most of the car owners, insurance seems to be the only cost-effective way of meeting the requirements. A point to note here is that every state has its own individual laws which govern the financial responsibility, insurance coverage, or no-fault coverage. Therefore, a food idea out there would be to know the laws prevalent in your state, and then march ahead.
Again, since every state has its own financial responsibility legislations, and this can really make the mind of a car owner go round and round. In fact, the car owner would be in a dicey situation and unable to decide their probable action.
As per standard car insurance policy given out by the Insurance Services Office (ISO) --
ISO is a clearing house for the insurance industry. The office provides standard car insurance policy stating -- "When this policy is certified as future proof of financial responsibility, this policy shall comply with the law to the extent required."
In case a car driver's license has been annulled and/or suspended as the result of causing accident due to reckless driving, bad driving record, or any kind of falsified judgment occurring due to previous accident, or otherwise, the same can be activated, provided the car driver/owner provides evidence of financial responsibility. There are many ways in which the insurance holder can provide proves, of which, the most common and simple way is to file the document with the state a ency. Filing the documents with the state agency would ensure the state administration that driver license is in force, and valid.
If you have financed you car, then the financial institution from which you have hired the money would demand collision insurance from you. If you are grappling with the situation where your insurance policy has lapsed, and you still have to pay your installments on the car, then the finance company is likely to buy the insurance on your behalf, and add the insurance cost to total cost of the vehicle. A word of caution here! Such kinds of replacement insurances are expensive options to exploit.
Though generally, car owners need auto insurance so that they can drive without any hassles, many also avail the auto insurance to keep their vehicle secured and safe. The standard Personal Auto Policy, also called as "Coverage for Damage to Your Auto," is one sound policy offering damage covers to your autos. This policy is also referred to as physical damage coverage policy.
The auto insurance coverage for vehicular damages primarily consists of "Collision" and "Other than Collision." An insurance buyer has the freedom to buy any or both type of insurance coverage on the car purchases.
The policy clearly outlines that an auto insurance provider in wake of the direct and accidental loss, will be responsible for paying to the car owner. The policy also covers physical damage to non-owned auto, damage caused to the equipment, excluding the deductible. However, if the collision occurs in such a manner that it covers more than single "covered auto," a highest deductible is settled.
The out-of-state coverage highlights given under the standard auto policy does not only delineate to the minimum insurance coverage available, but also takes into account different types of coverage for different car models. Therefore, it is necessary for the car owner to ensure which insurance policy is good for his car, and which one is odd.
As per the highlights, if the driver drives into the state where insurance policy demands to have no-fault benefits or other types of coverage, the policy would automatically provide a basic minimum coverage.
And in case you are traveling with your insured car outside your home state, the auto insurance policy would again adjust to the insurance laws and liability limits of that particular state. In such an event, the insurance coverage would conform to the laws available in the non resident state.
Taking into account the holistic viewpoint and conducting in depth research on different types of insurance coverage, a car owner would get the best product for their car. The best thing is to shop around in line with individual requirements.
When renting a car, do I need to be insured?
It is often invoked in the minds of the car insurance buyers that is it necessary to buy the insurance even on a rented car? When a car is rented by a person, he or she is offered with a collision damage waiver or CDW. Some of auto rental companies vocalize the term "loss damage waiver" or LDW, but the amount of coverage endowed is the same.
Such a waiver keeps the person safe, in case, any potential damage is caused to the rental car. However, you need to comply to other terms listed in rental contract terms. In an event where you ignore the car coverage insurance, and the rented car meets with an accident, then, obviously, you'd be held responsible for the entire damage.
The common problem associated with these waivers is that they have many loopholes, and loose points, and the car renter would be completely unaware of such limitations, ultimately rendering the coverage null and void. For example, coverage as given under CDW can turn void, if the driver is driving a car on n unpaved area or if the driver is indulging in any kind of reckless driving. It is important to mention here that the term "Negligent" is defined by the rental company at his own terms. The CDW policy is usually expensive, as much as $16 every day to the rental costs.
Still more, there are many regular auto insurance policies available which offer comprehensive coverage to the rented cars. However, what covers in the printed matter differs a lot, as the re are certain limitations on certain types of car rentals.
Before covering any rental coverage, it is important that you assess the type of insurance you hold. However, in case, your personally owned car has collision insurance, and above that you have a car insurance policy covering the rented vehicles, it'd be perfectly right to ignore the CDW coverage. The liability insurance coverage is covered under your private auto policy, and is sufficient enough to protect you and the passengers in the car.
Insurance coverage for rented cars may also depend on the purpose of using vehicle. There are certain policies which put a limit on the number of rental days. Some of the insurance policies also apply the deductibles and reduce the liability amounts substantially.
In the end it is for you to decide when you go for rental car insurance coverage! The underline idea is shop and compare.
Getting the Right Insurance, the First time
Thinking of getting right insurance coverage for your needs? Well, take some time out and read through some of the key highlights outlined below, which would help you in obtaining appropriate car insurance for your adorable car:
-You need to present Primary Factors your name, age, sex, marital status etc. These are essential for taking the insurance coverage of your choice and means.
-The insurance company should know your Sub-class, which is also your driving record. If you have a good driving record, getting insurance coverage is easy. Probably, buying car insurance is a difficult task in such a situation. Many of the auto insurance companies take into consideration "Secondary Rating Factors," where companies analyze the statistics of how many car accidents have been done by a car owner.
-State of Residence. An auto car insurance company would charge you more, if you are living in a metropolitan or a cosmopolitan town.
-The Net Assets. Depending on the assets which a car owner holds, he or she can buy car insurance liability coverage. In an event where you do not have appropriate assets for the liability coverage, the state minimums cover the liability.
-Manner of Usage. Car owner can use the car either for business purpose or as a commodity of personal usage. Auto insurance company will decide on this under the Automobile Use Classification. This classification encompasses variable categories such as pleasure use, business use, farm use, and driving to work. The question of how you use the car comes into play when the car owner holds more than one car. If any car owner has three or four cars under the business use, or driving to work. Allocate one car and insure it under the pleasure use coverage.
-Check the Model, Age and Manufacturer's Name of your car. These factors play crucial role in deciding what type of insurance coverage you'd eventually buy. This is a risky venture altogether. If your car is of older model, you would have to pay less money for the insurance. It is because; the replacement value of the car would decrease substantially. If you have bought an antique car, then you have to go as per the pre-replacement price.
-Choosing between Single and Multiple car risk policies. Auto insurance policies are differentiated into single-car risks insurance policies, and multi-car risks insurance policies respectively. Multiple car risk policies are cheaper as the car owners who are going for such kind of insurance are offered discounts.o insurance policy offers facility to both the car driver, as well as injured to get their injuries treated. Generally, in many states, a car owner buys $5,000 of medical auto insurance coverage. However, in many of typical cases, a car owner can also purchase medical auto insurance coverage worth $ 10,000. No deductibles are charged on this insurance coverage.
Still there are many other types of auto insurance coverage, which though not required, are otherwise necessary. These include:
-Coverage against Collision Damage. This coverage entitles the car owner to repair any kind of damage caused in the accident. It is a no-fault coverage. Usually, the auto insurance provider will provide you with a $500 deductible, if not, you have specified the amount. Remember, Higher your deductibles, lower would be the premium amount.
-Coverage against Thefts and Other Hazards. This car insurance coverage would provide you safeguard against any kind of car theft, or hazards such as fire, flood, vandalism, or animal collision. The best thing of the coverage is that you decide your own deductible.
-Coverage against Uninsured/Under-insured Motorist. If a pedestrian is hit by a car driver who is not insured or the insurance amount is not sufficient enough to cover the damage costs, in such an event, the coverage proves very useful. Under the coverage, the injured person would also be entitled to reimburse medical bills, lost wages, besides, trauma.
Optional Car Insurance Coverage also includes:
-Extrinsic Medical Coverage -- This coverage provides $1 million insurance, and is utilized if the medical and rehabilitation expenses surpasses insurance policy.
-Loss in Income - This coverage entitles the insurer an amount equivalent to take-home pay, in case you are rendered unfit as the result of accident. This coverage is over and above disability insurance coverage will take over.
-Funeral Coverage -- Maximum limit of $2,500, in case car owner or any of family member expires as the result of car accident. The cost the coverage is about 50 cents per $1500 worth of insurance.
-Coverage for Rental Car Replacement -- A minimum amount is allocated on daily basis, should your automobile is under repair as the result of accident.
-Coverage for towing and other labor costs -- The coverage costs at less than $5 a year.This for if you break down as a result of a flat tire(s), out of gas, or your car needs a jump start, or most anything that may occur.
The way insurance has changed
Auto insurance coverage is a significant aspect of your vehicle. It offers complete security to you, your family and your beloved vehicle. The insurance policies across country keep changing with times. Prior to 1980s, the common question which car buyers often asked to themselves was -- Is the car affordable for me? But things changed marvelously after 1980s, and the question has transformed into -- Can I afford the car, and on it, will I be able to afford auto insurance?
The auto insurance companies decide which car insurance policy is to be sent, and to whom
General Insurance Online - Easy Way to Land the Best Deal
General Insurance covers vehicles, travel and medical. In order to make life a lot simpler for customers, a lot of the insurance companies have started offering these policies online. Opting for this option, while buying general insurance, is quick, easy and a lot less hassling. Here are a few tips to ensure that you get the best deals:
Keep your existing policy ready & stick to the same company If you are renewing general insurance online you need to make sure that you have your existing policy ready as you will have to enter your previous policy details. Keeping your old policy ready will also come in handy when you are comparing quotes of your Online Medical Insurance for example. You should also try and get all your insurance policies with the same company to qualify for a discount for taking multiple policies from them if applicable.
Getting the best out of your Auto Insurance Policy If you are buying General Insurance Online for your vehicle the first thing that you should insure is that you get all the discounts that are applicable. Do your research to see what the top rated auto insurance companies are and how they compare in terms of quotes. It is always advisable to go with a company that has clear claims etc. promptly or you will land up spending more time and energy running around to get your claims settled. Sometimes the so called Best Car Insurance companies can be quite lax when it comes to actually settling a claim.
Good Home Insurance Home insurance is also available under the General Insurance Online category. To ensure that you are getting the best possible out of your home insurance policy make sure that your home is insured for the correct value. At this point you will have to take into considerations items that come under discounts like fire alarms etc. If you live in a home that has recently been renovated you need to make sure that the agent that you are dealing with is aware of this.
Rahul K Pathak is a diverse corporate writer, editor, insurance adviser and marketer with years of experience. Currently providing text solution related to General Insurance Online accessibility for customers. His writings are highly acclaimed to raise the sales of Best Car Insurance companies like IFFCO-TOKIO.
Wednesday, September 16, 2009
10 Myths About Having a Home Inventory
Can you remember all of your possessions?
1. I can just take a video of my home.
Yes, you can. This is a good idea. But why not go all the way to secure the safety of your property. A detailed Home Inventory can provide you the extra added safety you deserve.
2. My home hasn't changed for years.
Well yes. Are you sure. All of that furniture that you bought years and years ago. May now have some value to it. Securing your "proof of ownership" is vital. A home inventory can assist you in proving to your insurance company that "Yes" you did own what you said you owned. Take all of the guess work out of it.
3. We have photo albums full of pictures.
That is good. But, what happens to those pictures in case of a fire? A tornado? Having your proof of ownership when you make your claim will make this a much smoother transaction.
4. I have complete home and content replacement insurance.
That's wonderful. That means if your house is completely destroyed you will be able to have it rebuilt and furnished. No matter what the cost. But, what about those heirlooms you had. Are they completely replaceable? Can you really be sure you are getting their full value?
5. My insurance agent and I are "huntin' buddies", he'll take care of me.
You know that's great. But it's not your insurance agent you have to provide proof of ownership. It's the insurance company and their adjuster.
5. My insurance agent and I are "huntin' buddies", he'll take care of me.
You know that's great. But it's not your insurance agent you have to provide proof of ownership. It's the insurance company and their adjuster.
6. I'll just write my list of contents and no matter what I put down the insurance company will pay.
Well that would be great if this were true. But, anyone who can just write down a list of items without any proof will send red flags up for any insurance adjuster and company. They will take a closer look at what you wrote down. Maybe, even go so far as to deny your claim or offer a settlement for a fraction of the cost of the items you described.
7. My agent knows what I have, he has seen it hundreds of times.
It is not your insurance agent who you have to deal with it will be the insurance company and their adjuster. Yes, y
8. We have a video from last Christmas.
Videos are great to have. But, I bet that Christmas video is not a detailed showing of the contents of your home. But, just what you and your children got for Christmas. You need to have a detailed listing of the contents of your home. Not just a video of your Christmas presents.
9. Our daughter/son had there wedding out back there are lots of pictures of our house.
That's great. I bet though the pictures you are discussing are of the outside of your home and not the inside. You can show off your landscaping. But, what about the contents of your home?
10. We never had a (you fill in the bank).(break-in, fire, storm damage etc.).
That's great if you never had any problems. That's really wonderful. But, can you answer this, "What if...?"
This is what we at Home Inventory Specialists, LLC try to help avoid
The Art of Selling Final Expense Insurance
Final expense insurance has been around a long time and will continue to be sold for a long time in the future. Although the product itself is simplistic and easy to learn and get your arms around, there is definitely an art when it comes to selling final expense insurance.
Selling burial insurance is a process that requires and agent to build a need, want and desire for the product. Like any life insurance, everyone needs it but no one truly wants to buy and pay for it. As with other things in life we should have, if it was free, everyone would most definitely have it. Problem is... it's not free so we need to create that need they can't live without. So how do you do that?
First off, the client needs to see the value of having a policy and protecting the people they care about. Any life insurance I have I look at as an asset and not as a monthly expense each time I make a premium payment. It's important you talk in terms that the client is creating an instant asset for their family and not an expense.
The second thing that is very vital to helping your client is don't tell them they need final expense insurance but have them tell you. This is one of the biggest mistakes agents make selling absolutely everything. A successful agent does not tell a client they need the product, a successful agent has the client tell them why they need it and want it.
It is very important to ask probing questions to get the client to tell you. This is where most agents fail. Agents usually tend to do the telling in the selling process and by telling the client instead of having them tell you, in the end the client doesn't take ownership to the sale and the sale is lost.
"Mrs. Jones, do you see planning for your final expenses your responsibility, or do you see it as your children's responsibility?" The follow up question after Mrs. Jones answers it is her responsibility would be "Why? Why do you think it's your responsibility and why wouldn't you want to put this on your kids?" Sit back and listen to her tell you why she needs to buy your final expense product. These types of questions make the client take ownership and make the sale for you.
To be successful selling final expense, you need to create a need for your product since not many clients really want to purchase what you have. How you create that need is by asking questions that get your client to sell themselves and take ownership. Don't make the mistake that 99% of all agents do and that is tell your client why they need final expense insurance.
Steve Rohrer has has been in the insurance business training and building teams for more the 13 years. He is the leader in and works with a group that has perfected a platform for selling Final Expense over the phone. They are looking for agents Nationwide to join there team and make $100,000 plus in the insurance business without ever leaving home. Go to for more information.
Auto Insurance Requirements in Washington
When you start shopping around for auto insurance it is very important to understand what each state's minimum requirements. If you don't have the minimums it is just as good as not having auto insurance. Let's take a quick look at what the minimums are for auto insurance in Washington.
The minimums are $25,000 for injury to another person. Then there is the $50,000 for all other people that have injuries in an accident. You have to have $10,000 for any damage that is caused to another person's property. Sometimes it is easy to question why certain minimums are in place, but it is important to follow the laws. The minimums have been set in place from statistics over the years. Statistics speak for themselves.
Having insurance in place isn't the only thing you need to do to make sure you are protected.
You need to make sure you have proof of auto insurance in Washington in your vehicle. It can't be just a receipt that you have paid. You will want to make sure you have put the actual card that your insurance company has given you. On that insurance card it will include the name of the insurance company, the policy number and the policy's effective and expiration dates. It will also include a description of the vehicle and the insured drivers name.
You might not feel that is critical since you could call your insurance company and get the information if something happened, but if you are stopped by an officer you will receive a $450 fine and it could go on your record.
It is very important to start with meeting the minimums and having your insurance card in your car when having auto insurance in Washington.
Tuesday, September 15, 2009
FSA Investigates PPI
Financial Services Authority has always been helpful in enforcing rules and regulations in the United Kingdom's financial services industry. It would have been almost impossible to control the excesses of financial institutions if there was no controlling authority to monitor their activities.
Payment Protection Insurance or PPI has become a major bone of contention between the financial institutions and the FSA. People have become increasingly wary of the negative aspects of PPI as it has failed to protect the rights of the consumers and has become an effective tool for extorting money. Personal loans, of course, were a major target of PPI scams as UK saw an unprecedented craze for new electronic items, among other consumer durables. Most people preferred to buy these items through personal loans as they were easily available and without any strict terms and conditions.
The problems with PPI started when companies selling consumer durables started attaching PPI with every item sold and without informing the customers of this phenomenon. Many unsuspecting customers were shocked when they found that they have to pay insurance premiums as they were bound under a PPI agreement to do so. This agreement, as mentioned earlier was illegal, as the consent of the customers was not included in it. When some customers failed to pay the premium, they were forced under the PPI regulations to pay penalties, among other dues.
These customers ultimately took the matter to FSA as they found it to be entirely illegal process to trap customers into complicated and more importantly, unannounced agreements of PPI. FSA was reluctant to hear these cases in the start as there was not enough proof of any gross misconduct on part of consumer durable companies or financial institutions. However, the increasing number of complaints forced the apex authority to probe into the matter.
FSA, as expected, ordered an inquiry over the matter and halted the process of selling PPI to persons with unsecured personal loans. This step, in its own rights, stopped the flow of PPI as many companies started to hold back their PPI programs instead of continuing with a brisk business of selling PPI.
The investigation ultimately led to more restrictions on the PPI insurance plans in February 2009 and imposed an ultimate ban on selling PPI to people with unsecured personal loans. After this initial action, FSA retreated back into its working as it had to deal with many other financial disasters, including the worsening condition of economic crisis.
However, PPI insurance procedures have remained murkier and many customers are still not satisfied with the working of the system. FSA, however, has refused to take any further action as the Office of Fair Trading (OFT) has already started an inquiry into the functioning of PPI and its implications on the customers. FSA might look into the matter once OFT presents its final report. Until then, there are hardly any chances that PPI claim policies and the related scams and malpractices will be investigated by the FSA.
Payment Protection Insurance or PPI has become a major bone of contention between the financial institutions and the FSA. People have become increasingly wary of the negative aspects of PPI as it has failed to protect the rights of the consumers and has become an effective tool for extorting money. Personal loans, of course, were a major target of PPI scams as UK saw an unprecedented craze for new electronic items, among other consumer durables. Most people preferred to buy these items through personal loans as they were easily available and without any strict terms and conditions.
The problems with PPI started when companies selling consumer durables started attaching PPI with every item sold and without informing the customers of this phenomenon. Many unsuspecting customers were shocked when they found that they have to pay insurance premiums as they were bound under a PPI agreement to do so. This agreement, as mentioned earlier was illegal, as the consent of the customers was not included in it. When some customers failed to pay the premium, they were forced under the PPI regulations to pay penalties, among other dues.
These customers ultimately took the matter to FSA as they found it to be entirely illegal process to trap customers into complicated and more importantly, unannounced agreements of PPI. FSA was reluctant to hear these cases in the start as there was not enough proof of any gross misconduct on part of consumer durable companies or financial institutions. However, the increasing number of complaints forced the apex authority to probe into the matter.
FSA, as expected, ordered an inquiry over the matter and halted the process of selling PPI to persons with unsecured personal loans. This step, in its own rights, stopped the flow of PPI as many companies started to hold back their PPI programs instead of continuing with a brisk business of selling PPI.
The investigation ultimately led to more restrictions on the PPI insurance plans in February 2009 and imposed an ultimate ban on selling PPI to people with unsecured personal loans. After this initial action, FSA retreated back into its working as it had to deal with many other financial disasters, including the worsening condition of economic crisis.
However, PPI insurance procedures have remained murkier and many customers are still not satisfied with the working of the system. FSA, however, has refused to take any further action as the Office of Fair Trading (OFT) has already started an inquiry into the functioning of PPI and its implications on the customers. FSA might look into the matter once OFT presents its final report. Until then, there are hardly any chances that PPI claim policies and the related scams and malpractices will be investigated by the FSA.
Marine Boat Insurance
Achieving adequate marine boat insurance is an absolute necessity for anyone who treasures a boat investment. Some boat owners assume that this coverage is a part of its policy owners, but this is not usually the case. While small boats can be under a traditional home owner's plan, coverage may be much narrower than a water sports enthusiast can register. Unfortunately, these people insured under this sad reality to discover only when it is too late, leaving the owners with a ship badly damaged and very little in the way of cash to be used for repairs. The cost of purchasing and maintaining a boat can be very high. Obtaining an insurance policy of marine vessel to cover these expenses in case of theft or damage only makes sense for most boat owners. Such policies may cover costs of replacing a number of issues including bilge pumps, anchors, masts, deck chairs, batteries, docking equipment, depth search engines, fire
extinguishers, engines and motors, life preservers, batteries, tires, seats , Bimini tops, paddles, solar panels, fuel tanks, emergency devices, and lights. Of course, there will be any limitations on coverage. Unless other pilots were added to a policy, there are many elements that can not be covered for loss. This can include personal items such as jewelry, cameras, or clothing. Sports teams, such as water skis or diving guidelines also may not be covered. However, most insurance agents can work with a client to develop a plan that best suits the particular needs of the client.
The specific characteristics of the marine boat insurance can vary, but usually have some things in common. As with all insurance products, liability coverage will address basic issues such as property damage to an insured person is responsible for this policy are at fault in an accident.
The specific characteristics of the marine boat insurance can vary, but usually have some things in common. As with all insurance products, liability coverage will address basic issues such as property damage to an insured person is responsible for this policy are at fault in an accident.
If this accident has caused injuries to others, the costs of treating these injuries will be treated under the liability and coverage. Of course, there are limits to this coverage, depending on the type of policy you have selected. Requirements on what is covered and the dollar amount that is applied may vary from state to state. Some policies also handle funeral expenses in case of any loss of life is the result of an accident an insured person is responsible for. Payment for physical damage to the ship and the cost of the rescue efforts that often as well. In some cases, any damage that occurs with a trailer, as a result of an accident or natural disaster can be covered. Can not be deduced from the coverage associated with this. Other costs that could be covered by insurance marine boat could include towing reimbursement, emergency services, pollution or damage as a result of issuance of a petroleum product. If a sailor does not cause damage to a ship of the policy, there are many coverage options that are available.
Classic and antique boats are in a class by themselves and therefore require a special type of boat insurance marina. Since the value of a classic or antique boat can be a factor somewhat subjective, many policies allow the insured to the consumer to agree with the insurance company in relation to the value of the vessel. Current market value, of course, enter the agreed amount, but the owner of the boat will have something to say regarding the amount of craftsmanship is a value. Nobody wants to see their hard work and efforts go in the smoke, with no possibility of recovering the losses. If an old boat enthusiast in the process of restoring a boat, the coverage in case of fire or theft is very important. Reproductions and new wooden boats may also be eligible for coverage. Some providers impose strict rules on where or from an old ship can navigate collection. If an owner prefers more flexibility in this area, finding a policy that takes into account this preference can be recommended. In addition, some providers may require a boat owner to keep the ship throughout the winter months. Looking to all these features and the search for a plan that best meets the individual needs of the customer is an important part of the purchase of boat insurance marinas.
When selecting an insurance provider of marine vessels, the consumer should consider many things. The flexibility of coverage options is important. A company in the stability and quality of customer service are also crucial factors. Taking the extra step to ensure that the water craft are adequately insured can be paid in the event of an accident or natural disaster. The Bible speaks of the blessings of perseverance. Blessed is the man who remains temptation: for when trying to receive the crown of life which the Lord has promised to those who love Him. (James 1:12)
While securing a boat involve extra expense, there are ways that a consumer can reduce costs. Some companies offer discounts on certain conditions. If an operator completes a course on navigation and water safety, this may be entitled to lower premiums. Regular mechanical inspections and replacement of defective parts may also produce valuable discounts. No matter what approach a boat owner can choose, purchase of boats marine insurance can be part of responsible ownership.
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