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Monthly Archives: July 2018

Information of Personal Accident Policies

What is personal accident insurance you ask? Like most other insurance policies it is an agreement that is reached by two parties, the insurer and the insured, where the insurance provider or insurer, agrees to provide the insured or his family with financial compensation. In the case of accidental insurance, this recompense is offered in case the eventuality that the insured passes away or is permanently disabled due to an accident by external and visible means.

There are different kinds of personal accident policies that are offered by a number of financial institutions and insurance firms. One type of policy is to provide the insured with cash to cover the expense of medical treatments caused by an accident. In some the cases it may even cover the cost of the period you are unable to go to work, thus allowing a normal environment at home. A number of policies also cover death caused by accident. This means that in the event that the accident causes the death of the insured, his beneficiaries would receive the pre-arranged sum. The third and final policy available is for disability caused by an accident. Here, if the insured is rendered unable to continue a job due to a disability caused by an accident, then the policy will provide him with a certain amount of his insurance amount every month as a kind of income.

As always, there are terms and conditions that need to be read before applying for and beginning to pay the premiums. What must be kept in mind is that while everyone applies for life insurance and health insurance, they do not consider the fact that there are certain accidents and events that these policies will not cover. So, take a look at your current situation and see if there are any eventualities that you need to protect yourself and your family from. You can check policy as per you and your family needs and then only select a particular plan.

Car Insurance Claim Process

Contact the Police

When you are involved in an accident, the first thing you should do is contact the police and file a report. The report will contain a detailed description of the crash, eyewitness testimonies, details of the other driver and other relevant information. The police will also make sure you get the medical assistance to help handle your injuries. A police report will come in handy when filing a claim, as it can vouch for your account of what happened.

Call Your Insurance Company Right Away

Call your insurance agency from the scene of the crash if you can, while waiting for the police or after you are safe. This will help the company analyze the damages firsthand, and they can walk you through the next steps that need to be taken. If your car has been severely damaged, the insurance agency will guide you on what needs to be done with the car. A claim file will be opened, and all the necessary details will be added to it. If you do not call them immediately, you won’t know how they can help, and you may wind up burning through cash that you don’t have to.

An Insurance Adjuster Gets Assigned to Your Case

Once your claim has been filed with your car insurance company, a claims adjuster will be assigned to your case. The adjuster will most likely get in touch with you to elicit additional information. While describing the incident, always stick to the facts and avoid any speculation. Submit any photographs and testimonies that you collected at the scene. All of this will be used to determine who is at fault and hence your contribution plays a huge role. If you’re looking to file a personal injury claim with the other driver’s insurance company, it will help to have an attorney present. An attorney who is well-versed with the nuances of personal injury claims will be indispensable in this regard.

Evaluation

The insurance adjuster will conduct a thorough assessment and provide an estimate of the cost to repair your vehicle, medical expenses, and other deductibles that your claim will pay out.

Shop for Earthquake Insurance

See if it makes financial sense to retrofit your property. Whether you own a hotel building or a small 600 square foot rental home a simple retrofit can save you as much as insurance on your insurance premium. Do a quick search online and find out how much it costs to retrofit your property, most retrofitting companies offer free estimates. Keep in mind that you retrofit your property for the purpose of protecting it in the event of an earthquake, not just for a lower insurance premium.

Many agents will exclude building ordinance or law coverage to keep your quotation price low. If you purchase a policy that excludes this coverage you’ll be financially responsible for all new building code upgrades made mandatory by your state in the event of a loss. This may not be much for a property built within the last 10 years but an old property could have hundreds of required building upgrades.

Ask for multiple deductible options. The deductible your quotes have will drastically affect your annual premium. Ask your insurance broker to provide quotes with deductibles starting at insurance going up to insurance. The higher your deductible the lower your premium will be, it should be a reasonable amount you can come up with in the event of a loss.

Get quotes with and without earthquake sprinkler leakage. This coverage option can add a few thousand dollars to your premium. An extra thousand dollars can be a dealbreaker for anyone shopping for insurance. Although you may have fire sprinklers, earthquake sprinkler leakage me not fit in your budget. In the event of a major earthquake a basic policy without earthquake sprinkler leakage could be enough to save you from bankruptcy.

Don’t Always Need Car Insurance

Montana

· Surety bond

· Cash deposit with state treasury office

· Self-insurance

Nebraska

· Carry car insurence

· Cash deposit with state treasury office

· Self-insurance

· Surety bond

New Hampshire

· Insurance only required if you have been in an accident, convicted of driving under the influence, reckless driving conviction, and/or traffic violation under review

Ohio

· Auto insurence

· Surety bond

· Cash deposit with the state treasury office

· Complete Section A in the crash report for the state

· Self-insurance

Oklahoma

· Cash deposit with state treasury office

· Self-insurance

· Surety bond

South Dakota

· Self-Insurance

· Cash deposit with the state treasury office

Texas

· Surety bond (need TWO individuals)

· $55,000 cash deposit with state comptroller

· $55,000 cash deposit with county judge

· Self-Insurance (dealer with over 25 cars)

Virginia

· $500 uninsured driver fee

As you can see, many states offer you other methods in registering your vehicle without having to have car ins. However, it may cost you more money to get around insurance than just purchasing a simple liability insurance plan. Most cash deposits and surety bonds must be above $30,000 and insurance may cost you between $1000 and $3000 a year. This means you must own that car for at least six years to make the cost less. Dealers with over 25 vehicles in their fleet can apply for self-insurance. The rules vary between states, and it does not cover underinsured or uninsured drivers. It also does not cover lawsuits due to injuries.

Protect Family From Illness

Understanding the Risks

The reason people tend to get sick on a flight is simple: the cabin pressure causes humidity at low levels, which causes dry mucus. (Mucus helps provide protection from air-borne pathogens.) However, that’s just one thing among myriad factors that could lead to sickness during a flight- not having enough sleep, stress and other small reasons can all contribute to an immune system that succumbs to an inflight infection. This is why even a small degree of preparation can go a long way. Make sure everyone gets enough sleep before the flight, and always have anti-bacterial gel handy. And when it comes to travel insurance for family groups, the only tip is – get it!

Prepare Weeks in Advance

There’s nothing more effective than prepping your body’s immune system and resistance weeks, even months, before the scheduled journey. If you carry out this preparation with the same degree of care you spend, say, choosing your travel insurance for family holidays, you’ll start from a good place. You should also adapt your diet; for example add an abundance of fresh fruits and vegetables, as cruciferous, fibre-rich veggies are known to work directly with our body’s immune system. It also helps if you can improve your gut flora by eating plenty of plain yoghurt. There are also things you must cut out, such as sugar (especially refined sugar, which is known to hamper the activities of leukocytes), and, of course, alcohol. And while you’re at it, at least 30 minutes of exercise a day will help in myriad ways.

Take supplements

Even if you and your family have diligently spent the weeks leading up to the flight boosting your immune systems, you will still need some help during the flight-especially a long-haul one where you spend up to 18 hours sharing a pressurised atmosphere with a bunch of strangers. Bring certain health supplements with you to take throughout the journey. For example, you can add to your daily dose of vitamin C (or sodium ascorbate) a probiotics capsule (similar to yoghurt, but in a more compact form), and a 15mg supplement of zinc. Taking 500 mg of olive leaf extract two times a day also works wonders in a travel situation as it stimulates the body’s production of leukocytes.

About Chip Van Insurance

Breakdown cover: while this is not essential, you may want to consider it as the downtime can cost you a good deal of money.

Third Party: Actually, this is the minimum as far as the law goes and it covers damage that may occur to the third parties.

Fire and Theft: just like the third party, this cover includes coverage for the damage that may result from fire or theft.

Comprehensive: it will provide coverage for third party theft, fire and any damage to your vehicles.

Tips to Cut Down on your Monthly or yearly Insurance Premium

Add to the Excess

In case you don’t know, the Excess is the amount of money that you can be held liable for if you get involved in an accident. What you need to do is add to this amount. By doing so, you will take additional responsibility and hold yourself accountable for a bigger sum if an accident happens. The majority of brokers will look at it as an indicator of lower risk. As a result, you will get a lower quote. Therefore, increasing the Excess amount is a great idea.

Limit the Miles:

In this scenario, if you don’t travel long distances on a daily basis, you can let your broker know about it and he may lower the insurance premium that you will pay. This is because you may be less likely to have an accident. So, the insurance provider will have a lower chances of receiving a claim. So, this will be a win-win situation for both you and your insurer.

Security:

When your van is not in use, you can add more security for keeping you more secure. However, make sure that the added security is approved by the insurance industry of your area prior to the purchase and installation.