10 Tips for Choosing Travel Insurance

Posted by Insurance Assistant June 30, 2008 at 1:53 AM

1. Target your needs
Travel insurance can cover trip cancellation, lost baggage, and accidents and diseases
that occurs during the stay. Ask yourself what benefits you need to leave the free spirit.

2. Avoid duplication
Notice whether the insurance which you've already subscribed do not take into account already certain benefits. If you paid your journey through your credit card, you're probably covered on certain guarantees. Analyze your well-existing contracts.

3. Adjust the contract to your destination
Some destinations are more risky than others for health problems, for example. Subscribe to options tailored to your destination.

4. Do not neglect your safety
In regard to your safety, it is no small economies. Often medical expenses abroad come back much more expensive and subscribing to an additional option on your insurance you avoid unpleasant surprises.

5. Compare deals
The field of insurance is subject to fierce competition. Once your needs are targeting well compare offers from different companies in setting specifications. The standard price is of course essential, but do not overlook the differences in benefits.

6. Pay attention to details
Analyze although the details of contracts: exclusions and maximum reimbursement are watching cautiously. Some benefits may seem attractive at first but their conditions of application can be very restrictive. So think watching the small print or annexes to the contract.

7. Remember also to cover your loved ones
Establish a contract that will cover all participants to travel. This will centralize the process and it is often cheaper than subscribing to several individual contracts.

8. Collect rating
The feedback can avoid unpleasant surprises. Collect the opinions of your relatives or those of other consumers on the Internet to narrow your choice.

9. Prefer specialists
Would an insurer recognized and specialize in travel insurance. This will ensure that the proposed blankets are tailored to the needs of your trip.

10. Bet on assistance
The travel insurance takes care of your administrative and financial problems in the event of a disaster. In order not to feel isolated in case of problems, complete your contract with a provision of assistance which will help you in your steps on the spot. A good travel insurance should normally include this provision. Once your choice and the contract signed, do not forget to bring with you a summary of your contract containing your travel insurance number and phone numbers to contact if a problem.

10 Ways To Save Money On Your Car Insurance

Posted by Insurance Assistant June 22, 2008 at 8:06 PM

Trying to get the cheapest car insurance can be a headache, but on the other hand it is usually worthwhile doing as you can save yourself quite a bit of money, especially when you take it account that this is something you have to pay for every year, the savings can add up. Here are some things you can look at to get your car insurance costs down:
1. Keep your car in a garage or on a drive way and tell your insurance company this.
2. Fit an immobilizer or car alarm, preferably both.
3. If you have an older car, consider changing your insurance from comprehensive cover to third party, fire and theft cover.
4. Be as accurate as possible when giving your annual mileage to the insurance company.
5. If you do low mileage in your car, then consider agreeing to limited mileage insurance so you are covered for a certain number of miles.
6. Choose as high an excess as you can afford to pay in the event of a claim.
7. Get a cheaper quote from another car insurance company and tell your existing insurance company and see if they will give you an even better deal.
8. Pay your premium as an upfront lump sum so that you avoid paying interest on top of your premiums. Car insurance companies usually charge a lot of interest so even if you do not have the cash up front, you may still be better off borrowing the money more cheaply elsewhere. You could for example pay for your insurance with your credit card and then do a balance transfer to another one of your credit cards charging lower interest than your car insurance company.
9. Add a second person who has a good record to the insurance cover as sometimes this can lower your premium.
10. Buy your car insurance online as you may find you can get a discount for buying online.

Auto Insurance Company Ratings

Posted by Insurance Assistant June 21, 2008 at 1:18 AM

One of the best ways to find a good auto insurance company is by checking out their ratings. These ratings are a result of massive consumer surveys – people who have actually done business with several auto insurance companies are asked to rate the insurers based on certain criteria that includes customer support and ease of filing claims.

Keep in mind that these ratings are not comprehensive and are essentially just the opinions of a number of consumers who may not necessity comprise a valid representation of the whole consumer base. As in any other rating system, auto insurance company ratings have limitations, and the better you understand these limitations, the better you can use rating information to guide your decisions.

Do not be misled by high ratings, because they don’t necessarily mean that the auto insurance company’s rates are low. Keep in mind that most ratings are limited to certain sates or vicinities, and that the top scorers may not be in business in your area. The auto insurance ratings reflect average consumer perceptions of the auto insurance company and its service, not assurances of any kind. Be open to the possibility that while other people may have had good experience dealing with a particular auto insurance company, you may experience something different.

Ratings can be unreliable, especially if they are based on haphazard surveys that do not verify respondent ownership of the product or services being surveyed. For example, some rating companies may ask random consumers for their opinions regarding a certain auto insurance provider without making sure that the respondent actually uses that insurer. Non-scientific ratings are misleading, so be careful how you use the information they give you. Do not base your decisions on ratings alone – it is important to also do some research yourself.

An Independent Look at Rental Car Insurance

Posted by Insurance Assistant June 19, 2008 at 11:58 PM

When you step up to the Rental Car Counter the Rental Agent is going to ask you if you want to purchase insurance for the rental vehicle. If you say no they will ask you to initial next to each coverage that you decline. The decisions that you make in these few moments could have a dramatic impact on your financial situation. Deciding if you need to purchase the auto insurance offered at the Rental Car counter before you arrive can keep you from incurring a serious financial loss or wasting your money on insurance that you already have or do not need. One of the questions that we are asked most as auto insurance agents is "Do I need to purchase the auto insurance offered at the rental car counter when I rent a car?" The answer to this question is maybe. You may be able to provide coverage for the rental car using insurance policies you already own or you may decide you need to purchase additional protection. In this article we are going to give you the information that you need to make these crucial decisions.

When You Rent A Car There Are Several Ways To Secure Coverage For It Without Having To Purchase Coverage At The Rental Car Counter.

Transfer Coverage From Your Existing Auto Insurance Policy - If you are going to be renting a car and you have an existing auto insurance policy you should take your insurance I.D. card with you when you rent the car. The car rental company may require it and it can save you a lot of time and aggravation if you are pulled over by the police in your rental vehicle. The coverage and deductibles on your own auto insurance policy will automatically transfer to cars that you rent as long as you are not using the rental car for business purposes or renting in another country. You should check the declarations page of your personal auto insurance policy to find out if you currently carry Property Damage Liability, Comprehensive and Collision coverage. Make note of your Property
Damage Liability limit and your Comprehensive and Collision Deductible. If you are renting a car in another country you should definitely consider purchasing coverage at the rental counter as most personal auto insurance policies only cover their owners in the country where the policy was written.

Damages to your rental car will be covered by the Property Damage Liability portion of your personal auto insurance policy if you are renting the car for pleasure use. However, if you were involved in an accident that is covered by your auto insurance policy and your car is in the shop being repaired. Damages to the replacement car that you rent will be covered by the Comprehensive and Collision coverage portion of your personal auto insurance policy. That means that you will have to pay the deductible for these coverages if you damage the rental car.

Use Coverage Provided By Your Credit Card - Most major credit cards advertise rental car insurance as one of the benefits of owning their card. The truth is that the coverage that these cards provide usually only pays after your personal auto insurance policy limits have been exhausted and only if you used their card to pay for the entire price of the rental. The level of protection with credit cards seems to change on a daily basis so we recommend calling your credit card company to determine your exact level of protection for rental cars. When you talk to the credit card representative ask them for information about Liability, Comprehensive and Collision coverage for rental cars. It is best to get this in writing as it is not unheard of to get several different answers from the same credit card company. You should also ask if there is any exclusion. Many credit cards exclude coverage for luxury or exotic car rentals.

Purchase A Non-owned Auto Insurance Policy - If you rent cars frequently but you do not have your own auto insurance policy you can save yourself a lot of money by purchasing a "Non-Owned Auto" Liability policy. This policy provides you with the same type of protection as the Excess Liability coverage offered at the rental car counter. These types of policies usually cost around $300 a year and will cover you when you are driving any private passenger automobile. This policy only provides protection for Bodily Injury and Property Damage Liability. It will not pay for damages to your rental car so you will still need to purchase the Collision Damage Waiver or use one of the coverage methods we discussed earlier.

If you are unable to secure coverage by using any of the methods listed in the previous chapter you should seriously consider purchasing coverage at the Rental Car Counter. It can be hard to get an honest advice about these coverages from the rental car agent because they are paid a commission every time they sell it to you. Don't worry; we have provided you with all of the help you need below.

Collision Damage Waiver (CDW) – This protection is also called the loss damage waiver (LDW) by some rental car companies. It is often referred to as insurance but this is incorrect. It is actually a waiver of responsibility. When you purchase this protection the rental car company waives your responsibility for damages or theft of the rental car. If something were to happen to the car you would simply file a quick claim form when you returned the car and the rental car company would pay to repair or replace it. The price for this protection usually ranges from $15 to $25 depending on where you are renting. Caution: This coverage may become void if you cause an accident while breaking the law. This includes excessive speeding, driving off road or driving while intoxicated so be careful when you are driving a rental car or any car for that matter.

If you carry a minimum limit such as $10,000 for Property Damage Liability coverage you may want to consider purchasing the Collision Damage Waiver because this low limit may not be enough to pay for repairing or replacing the rental car. Remember you could also be held responsible for damages to other peoples car's or property if you are involved in accident and found to be at fault and Rental car companies will charge you for loss of rental income for the car that you damaged. These are all important factors that should be considered when deciding if you should purchase the Collision Damage Waiver.

Another advantage to this coverage is that there is no deductible. This can come in handy if you were involved in an accident that is covered by your auto insurance policy and you are renting a replacement car while your car is in the shop being repaired. You see in this scenario any damages to the rental car would be covered by your Comprehensive or Collision coverage which means that you would have to pay the deductible.

Excess Liability – Car rental companies are required by law in most states to provide a minimum amount of liability protection for renters of their vehicles but this is rarely enough to protect your interests if you seriously injure someone in an accident. The liability portion of your personal auto insurance policy will transfer to your rental car so you have adequate limits of bodily injury and property damage liability on your personal auto insurance policy we would not recommend purchasing this coverage. This coverage would only pay after your personal auto insurance policy limits are exhausted. This price for this protection is around $10 to $13 dollars per day for 1 million dollars worth of excess protection.

Personal Accident Insurance - If you or your passengers are injured in an accident or as a pedestrian this coverage will pay for your medical expenses and ambulance fees if needed. If you live in a "no fault" state, have health insurance or carry medical expenses coverage you probably already have this protection and do not need to buy it from the car rental company. Check your auto insurance and health insurance policy to find out for sure. A claim for this type of loss on your personal auto policy will not cause an increase in price so if it is covered on another policy there is really no benefit to buying it from the car rental company. The price of this protection usually runs from $2 to $5 a day depending on where you rent.

Personal Effects Coverage - This is coverage for theft of you or your passenger’s personal items such as cameras, camcorders or Laptop computers. This protection may also be provided on your homeowners or renters policy if you have one so you may not need to buy it from the rental car company. However, homeowners or renters deductibles are usually $500 or higher and all of your articles may not be covered. Check the declarations page of your policy for your deductible and the exclusions section to find out if the items you are taking with you are covered.

One of the benefits of purchasing this coverage from the rental car company is that you usually do not have to pay a deductible. You simply file a claim when you return the rental car and you are reimbursed for the theft of your items. You will usually need to prove ownership of the items that you claim were stolen by providing the rental car company with receipts or other proofs of ownership. You should also ask the rental agent if any exclusion apply to this coverage prior to purchasing it. The price for this protection is $2 to $5 dollars a day.

It is better make all of your rental car insurance decisions before you step up to the rental counter. Nobody should be forced to make snap decisions on issues of this much importance and now you don't have to. We hope that you have found the help that you needed in this handbook. I love to get feedback on this article so please send your questions or comments to info@theautoinsurancebuyersguide.com. I look forward to hearing from you!

Cheap Travelling Insurance

Posted by Insurance Assistant June 18, 2008 at 8:32 PM

When traveling internationally on a cruise it might be a good idea to invest in travel insurance.
If a terrorist act suddenly breaks out in an area that you have booked a flight to, the airline is not required to provide you with a refund if you choose not to travel to the area because of terrorism that is, unless you have travel insurance.
For a lot of people travel insurance is simply one of the many extras that the travel agent tries to persuade us to add to our holiday package to assist in boosting his profits and to make our holiday even more expensive than it already is. But, there are three excellent reasons for not leaving home without your international travel medical insurance policy tucked safely into your pocket.
When one is planning a long trip somewhere, it is always a good idea to get all the planning out of the way first without planning a trip can be ruined Why Purchase Travel Insurance?

Are All Car Insurance Companies Equal? Here Is What To Look For

Posted by Insurance Assistant at 12:06 AM

Car insurance protects you against any financial loss that may happen due to an accident or theft of your car. It is a car insurance company that issues car insurance to you. A car insurance company will work up a car insurance policy for you after evaluating the various options like the make of your car, the premium that you are willing to pay, your insurance risk, etc. A yearly premium has to be paid by you to the car insurance company so that the company can pay for your loses that you may bear in the future. All the terms and conditions are mentioned in the contract and it is your duty as a car owner to look over all the points and ask the insurance agent any questions that you have in mind. It is only after all the terms and conditions are clear to you that you should sign on the dotted line and pay the premium.

Normally all car insurance companies have the same insurance policies. The premium to be paid and the percentage of losses to be covered in case of any accident may vary slightly. Since the car insurance market is very competitive, the premium rates and other terms and conditions almost remain the same.

A car insurance policy may provide property, liability and coverage depending on the type of policy. The property coverage covers losses for damage of the car or the theft of the car. Liability coverage pays for any legal liabilities to other people for bodily harm or property damage. And medical coverage covers expenses for treating injuries, medicine expenses and funeral expenses in case of a car accident. You may buy the different types of coverage depending on how much you want to spend on your policy.

A car insurance policy usually consists of 6 types of coverage. As mentioned before a customer can select from the different types of coverage. Most of the car policies last from 6 months to a year. Your car insurance company will bill you when it is time to renew your policy and be prepared for a rate hike.

The different types of coverage are :-

1) Bodily Injury Liability
This type of liability covers the expenses of injuries that you may cause to someone else while driving your car. Also the coverage includes injuries caused to a person while driving other person’s car.

2) Medical Payments and Personal Injury Protection
This type of liability covers the expenses for the treatment of injuries to drivers and other passengers. The liability also covers medical expenses and funeral expenses in the case of death.

3) Property Damage Liability.
This type of liability covers for damage to the other person’s car and your car. It may also include damage to lamp posts, telephone poles, fences and other public property.

4) Collision
This type of liability covers expenses for damage to your car or the other person’s car. Even if you are at fault, then also you will be reimbursed for the expenses of repairing the car.

5) Comprehensive
This liability covers loses due to theft or damage to the car by something other than collision with another object or damage to the car due to fire, falling objects, explosion, earthquake, etc.

6) Uninsured and Underinsured Motorist Coverage
This liability covers damages to your car by another driver who is uninsured.

The coverages mentioned above are offered by all car insurance companies. In almost all states, car insurance is mandatory. Therefore, it is your responsibility as a car driver to have a policy.

Travel and trip insurance when to buy it

Posted by Insurance Assistant June 17, 2008 at 4:11 AM

I have never insured a trip in my life and I travel a lot. Only once has this come back to haunt me, and I'll get to that in a minute.

Travel insurance can cover a variety of things:

trip cancellation, lost luggage, medical costs, emergency evacuation, and other travel mishaps.

Insurance packages can cost as little as $40 to $60 per person and is based on age; they usually run 5% to 10% of the total value of your vacation for folks aged 30 or 35 to 60.

You must

buy your insurance within at least seven days

(often 14 days) of purchasing the travel, and by those same 7 or 14 days before travel.

Never buy more than you need and

always check first with the providers of your existing insurance policies

(homeowner's, medical, credit card, and such) to see what they may cover:

  • Homeowner's policies may kick in for the loss of your clothing and personal items.
  • Your health insurance provider may reimburse you for hospital costs incurred abroad (see the next section for details), and credit cards may cover airline accidents.
  • Remember that the purchases you make with a credit card, including airline tickets, are often protected, but be sure to ask to what extent this coverage extends to items bought abroad and/or shipped home.

Insurance sales have been, understandably (if incorrectly; see below) up in the past two years since Sept. 11, SARS, and the Iraq War put the country on eternal edge.

Should you buy travel insurance? Well, that's up to you and your level of comfort with where you've spent your vacation money. If you do, there are a few things you need to know.

What You Need to Know

First of all, always, always,

always buy insurances from a third party,

never from the company selling you the travel ("the travel" meaning airline tickets, tours, cruises, rental cars, railpasses, B&B vouchers, whatever). Reputable third party insurers such as

Travel Guard

(www.travelguard.com) are surveyed by the comparison site

InsureMyTrip.com

(www.insuremytrip.com), as explained at the end of this article.

Why this third-party rule? Think about it: part of what you are insuring against is any shenanigans the company selling you travel might get up to, from

losing your luggage

or

fouling up your trip

to outright

going bankrupt.

Especially in the latter case, there's no way you'll be able to get your money back if you bought insurance from the folks who are now out of business and have much bigger creditors than you lining up to seek compensation.

Travel insurance companies do not, nor have they ever, covered

itinerary chances or trip cancellations due to an act of war.

Travel insurance policies only cover terrorism

if there's a terrorism event in a destination along your planned itinerary and within a certain time frame of your travel (usually within 30 days of when you plan to be in the place where the terrorism occurs). There is also a raft of other conditions that must be met (e.g.: terrorist acts on planes or at sea don't count).

Note that insurance only ever covers

terrorist acts in the destination itself,

not at home. I happened to be on Bermuda on Sept. 11, 2001, and was ready to pay plenty to get back home (not that any planes were flying). Insurance wouldn't have helped at all.

Also, in this age when airlines and major travel companies are going bankrupt right and left, insurance agencies each have a

blacklist of companies

whose products and services they will not cover against financial default. That blacklist is pretty broad, and includes lots of big name companies (Northwest Airlines, Delta Airlines, National Car Rentals, Alamo Car Rentals all appear on current blacklists) whose finances have even a whiff of instability. Read that list very carefully before buying.

That Time I Coulda Used It

So, when was that one time I really could have used trip insurance? A planned trip with my parents to China in spring 2003...right at the height of the SARS epidemic.

We didn't ever think we would catch SARS, a minor epidemic that was blown way out of proportion by the media, but by the final week before the date when we had to decided whether or not to change our plane tickets, China had finally started taking SARS seriously and was shutting down restaurant, museums, and other public places, so we figured our trip itself might be spoiled. So we cancelled our China plans.

Now, NorthWest Airlines wouldn't simply refund the tickets, rather they only gave us a chance to rebook them elsewhere, so it only made sense to fly somewhere expensive as we wouldn't get any difference refunded to us.

My parents ended up taking a trip to Japan, and had a great time. Frances and I used our tickets to go to Bangkok later that year, but had to pay about $150 in fare difference each, plus the consolidator who had booked the original China tickets—and through whom the airline's policy forced us to continue working—charged us a $50 change fee, even though NorthWest's policy was to waive the fee.

Also, we had had a China expert who owned a small agency helping us plan the trip and making hotel bookings and such. Well, he died just a few months later (the stress from having a business devoted to China travel couldn't have helped), so we never got our $300-per-person deposits back.

Finding trip insurance and travel health insurance

The quickest, easiest, and most economical way to find insurance is to use the comparison shopping site

InsureMyTrip.com

(www.insuremytrip.com). You put in your trip details, it quickly shows you a side-by-side analysis of how much a policy would cost at each of 16 major travel insurers such as

Travel Guard

(www.travelguard.com).

What Are The Losses Travel Insurance Covers?

Posted by Insurance Assistant June 16, 2008 at 5:33 AM

Travel insurance implies the coverage for pitfalls associated with travel. This type of insurance is intended to cover financial and other losses incurred at the time traveling. The losses may be incurred in a domestic or an international level. Broadly travel insurance coverage can be classified under the following heads:

Cancellation of a trip

Very often it happens like this that the traveler must cancel the trip because of unforeseen circumstances. It may be physical illness or any such emergency. Now, if the holiday package is already bought then he must have to face a big financial loss. It is under such circumstances travel insurance works like a savior.

Interruption during the trip

This type of travel insurance covers the damages occurred due to trip interruption. In the event a trip is interrupted because of illness or the booked hotel ceases to continue to operate or any other such occurrences, the traveler shall face a financial loss. However, if the trip is insured then he can avoid this loss.

Loss of luggage or other valuables

Since the work of a traveler is to move from here and there, he may lose his luggage or other such expensive possessions during his journey. To cover the financial damage incurred because of the inconvenience resulted from the loss of luggage one can go for travel insurance.

Default Protection

It may happen that a trip is canceled because a carrier or tour operator is no longer in business. In this case the person who will be in the receiving end is the traveler. However, travel insurance will help him recover the losses he incurs due to the cancellation of the trip.

Other types of losses

In addition to the above, travel insurance covers delayed departure, emergency replacement of essential items, medical expenses, accidental death, injury or disablement benefit, personal liability and rental car damage, legal assistance, loss of income, high risk sports like skiing, scuba-diving, travel to high risk countries etc.

The author is associated with UKs leading healthcare and medical insurance broker, Essential Health Ltd, which provides medical benefits, to its clients in UK and around the world, for Cancer, Medical insurance, Accident, Life, Travel insurance and even dental. She writes on various topics and latest news related to medical, insurance and most importantly on Cancer and latest developments related to its treatment.

Risk Management Through Insurance

Posted by Insurance Assistant June 13, 2008 at 4:18 AM

The risk does not only happen to investment. See the flood disaster currently, made many misery peoples, from that lost property even the life. What we could say, the flood was happened. However, the risks including the flood risk normally can be managed. At least, this risk could be shifted to the other side. Don't be surprised, if there are people that although losing property, like the car to house furnishings, appeared calm. These people might be moving their risk to the insurance company. So, the insurance company that will bear the risk that was experienced by those people.

The insurance program in fact is not the new matter. Various people understood the insurance as the risk manager indeed is need for its existences. However, the awareness to join the insurance program is not yet owned by everyone. Usually, after "learning their lesson" then their realized insurance is important. In spite of that, there are no words to be late. So that the same risk might not be repeated again, or might not be held by yourself, it is good for you considered to join the insurance program.

By joining the insurance program you are shifted the risk to the other side, in this case is insurance company. For the risk that was shifted, you must pay the premium that the amount is depending on the risk that was shifted and the benefits that you wanted.

You could shift your risk by purchase these three kinds of insurance, such as health insurance, life insurance and loss insurance.

1. Health Insurance

Before determine which insurance will be chosen, the first step that should be your first consideration is decisive the requirement. From the three insurance kinds above, determine the level of your preference in accordance with your condition. Generally, the first priority is to follow the health insurance. The reason is, when you were sick, the cost that is spent could not be a little. Although you work to a company and the company gave facilities for the health cost, its amount possibly not in accordance with your requirement. Moreover when you have a certain lifestyle. If you treated in hospital for example, possibly you wanted to be treated with the first class facilities, in fact facilities that were given by the company only second class facilities. To solve this problem you can join the health insurance that its benefit is matched for your requirement.

In the reality, some people not have health facilities. So when being sick, all the fees must be held personally. For them of course the health insurance needed is the absolute matter, because we don’t know when the risk of being sick came to you even we maintain the health well. Therefore, the health insurance could be considered to be owned.

2. Life Insurance

Then how about the life insurance? This insurance has been old enough, but not everyone gaze at must have this life insurance. There are many reasons. From objective one such as because consideration of finance, to the subjective reason as the paradigm mindset. Life insurance is most appropriate to be owned by the person of the productive age, because when your age was not long while your family is still need the financial support, definitely its would be bustle to filled. Therefore, consider also to have the life insurance.

How to choose the life insurance that in accordance with the age, the condition for finance, and the aim had life insurance? If your money to pay the premium is limited then the choice to most relevant is to choose the pure life insurance for protection only. Beside from its premium that is cheap, the return money as the benefit that will be enjoyed by their heir could be big enough. The pure life insurance protection better you take for the lifelong kind. So it is really meant as the inheritance for your family.

If the condition for your finance is good enough, you could consider too in taking the life insurance plus investment. This life insurance could be enjoyed by yourself personally, when up the deadline of the contract evidently your age still quite long. For example, at this time your age is 30 years, you could buy 20 years life insurance. If you aged long, then in the 50 years old, you will enjoy the premium that has been deposited plus its development through investment. But, when the Lord has other decisive and your age is not enough then your heirs will be guaranteed for their finance.

3. Loss Insurance

Next is the loss insurance. This is the insurance that when the flood has destroyed several cities in the world in recent times, was helped many people to not become poor. The vehicle or the house along with its contents that was damaged by the flood, if being insured could be claimed to the insurance company. However, there is also the owner of the loss insurance that evidently could not carry out the claim to the insurance company because of its insurance coverage is limited and not including the loss that is caused by the flood. Therefore, the main matter that must be paid attention when choosing the loss insurance is any aspect covered by this company. You must paid close attention to all of that aspect because of most insurance companies does not explain well to you.

Conclusion, the risk can be managed in various ways. One of them is by shifting this risk to the insurance company. If the condition for your finance is quite good, Could be considered at least to have three policies of the insurance. That is the health insurance, life insurance and loss insurance. But, if your financial is relatively limited, determine the choice in accordance with your requirement. Then, in choosing the insurance company, consider the most basic factor, like the company's genuineness and the premium that became your burden.

Tips to submit the Health Insurance Claim

Posted by Insurance Assistant June 12, 2008 at 12:59 AM

Understand the methods of the health insurance claim submission benefit’s is to prevent the bustle and increase your opportunity of getting the claim replacement.Matter that must be done by you when submit the health insurance claim:

1. Read the Certificate / the Policy of your health insurance.Before undergoing the treatment in the hospital, study all the provisions concerning the benefit of the policy.When you were participants in the collection health insurance, you are usually given by one list of the benefit of the policy.And you could ask the human resources department to know the limitations benefit according to the policy of your company.For you as the holder of the individual policy, you could ask directly to the agency and your claim service part of the health insurance company's.

Matters that must be know from your certificate policy.

The benefit of the health insurance, the maximum limit for each one of treatment kind and remaining limit that were owned by you. The exceptions, which is the illness kind or the treatment method that was exempted, for example: the congenital disorder illness, the cosmetic operation, the available illness before the effective policy (preexisting disease), etc.

The claim procedure included the method and the document kind that must be equipped. When your health insurance company provided the counterpart's facilities (provider), you must know any hospital in your city that became the counterpart. The benefit carry out the treatment in the counterpart’s hospital is you might not spend money for the guarantee and paid the treatment cost in front.

2. Study carefully the hospital bill before submit claim.When leaving hospital, the hospital will ask you to sign details of the treatment cost that will bill to the insurance company or to you.

Confirm that its treatment data was complete, covered the diagnosis, the action kind, the cost for each one item, the date of the treatment, the name of the doctor and the relevant policy data. A little mistaken for example wrong or misspell name can make your claim payment postponed.

Pay close attention to the context said in the diagnosis.The same handling but with the different diagnosis could get the different claim agreement. For example, when the diagnosis showed that his deviation was congenital (the congenital condition) although his trigger was the new illness, your claim could not be paid. Same with the teeth rehabilitation operation or the face part that it was considered cosmetics. When you see the “grey territory” in your policy, discuss with the hospital and the health insurance company so that the interpretation is not cause a loss for you.

3. Submit the bundle of the claim as immediately as possible.For the insurance that is shaped like a replacement (reimbursement) without through provider, the claim must be immediately submitted after being finished the treatment. The insurance company generally has the overdue period of the claim submission. If through this date, your claim could not be paid. Moreover, the faster submission is bringing ease for the health insurance company to communicate with the hospital because their information was still fresh. The more important is submitted faster mean you will get your money back faster too.

4. Copy the bundles of the claim that was submit.
You had never known as good the quality of your insurance company’s administration. Because of something happened your bundle was lost, you will be grateful to have its copy.

5. Don't immediately accept the claim refusal after submission.If you receive the refusal letter after submission, study its reason, compare with the provisions in the certificate / your policy. When its refusal not because something that is very clears that was calibrated in the policy, you had the right to raise the objection. Send your defense orally or written to the health insurance company. In many cases, the insurance company yielded or gave some compensation. Moreover, almost in each insurance company always does claim payment that is free (ex-gratia), which is claim payment that is not guaranteed in the policy. That ex-gratia payment usually was provided by the consideration of customer service and the business (the continuity of the policy).

6. Use the lawyer service.When the amount of the claims that was refused is very big, possibly it is fortunate for you to hire the lawyer. The health insurance company will respond to very seriously when you use the lawyer. Besides reinforcing your bargaining position, the presence of the lawyer also made worry the insurance company because of its impact on the reputation of the company when that case is spread up to the community. The settlement opportunities are bigger in cases that involved the lawyer.

Few Think to Consider before Choosing the Right Car Insurance

Posted by Insurance Assistant June 11, 2008 at 1:35 AM

There is a wisdom that we got from the disaster or the incident that struck us.We afterwards glanced at the insurance company for the security and comfortable of all property we have even our spirit also. Together with the increase trend in the density of the traffic in the highway and the act of criminality, then it is increased also by the occurrence trend of the disaster that was related to our car, from that is relatively light as colliding, scratched, the theft of the rear-view mirror, to that is heavy like the collision, the theft and even the robbery.

To satisfy the requirement for the safe feeling, you could choose the product of the car insurance that could give the protection for risks that possibly could happen to your car. Many insurance companies claim that they are the best. This could be seen by the insurance product that was offered to the community through advertisements. Likewise with the promotion of the achievement that was carried out by them, always featured that is good. Therefore, had several factors that ought to be considered in the process of choosing an insurance company especially for the life insurance and the loss.

Three main factors that must be consider in choosing the car insurance company.

1. The strength of finance ( security ) The problem of the strength of insurance finance was related to this capacity of the company's finance to meet their liability during the consumer claim. This is important to know, because there are some insurance companies that luxurious appeared outside, for example his building is stratified and his management's cars was very good. But when the customer took their claim this company could not pay.

2. The services The services are the indicator for the human resources in this company that is has a good quality or not. Moreover, the insurance company sold the service, so the first class service is the main key. For example, how fast the speed of the good service in publishing the policy, moreover in benefit payment or the claim. Besides that, in fact the matter of the service could be felt personally by the customer. Has this insurance company really give his best service for his customer.

3. The cost The cost problem is about the amount of the cost that was spent by the insurance company during his operation. If the cost is bigger than revenue, then it was clear that this company was inefficient. If being inefficient, then it is possible that this company have the loss. And if the loss is continuing, you should think about it again.

Another consideration that must be paid an attention when choosing the car insurance is:

Determine the protection kind of the car insurance that was wanted. The comprehensively protection (all risk) gave the best protection, but you must count on the economical side. The loss or damage for vehicles caused by the collision or slipped from the road. Fire, the crane cost, the theft, including the theft that was preceded or followed with the violence or the threat and the additional guarantee.

Should not be motionless for the big or small amount of the premium that must be paid. See the credibility of this company, especially from the aspect of the service, the handling of the claim and his financial capacity.

There is a lot of the car insurance company that has credibility and bonafide, although without the support of the reassurance company. However it is not a mistaken to find out the track record of reassurance company (when being available).

Was the company gave a addition benefit, like the 24 hours claim service, the free crane, the replacement car, the 24 hours claim process guarantee, etc.

It is good for you to see the workshop network of the company's counterpart. How many of them, where its location and how the quality of these workshops.

Understand any of your right and obligation clearly. What might be done by you and what is not. Whether there is any exception in the policy contract, what its profit or loss for you?

Do not be cheated with the offers that were given by the car insurance company.
Recognize carefully before taking the decision, and choosing the healthy car insurance.

Tips to Choose Insurance Product

Posted by Insurance Assistant June 10, 2008 at 2:24 AM

1. Understand the need of insurance yourself.
Insurance buyer must know exactly and clearly concerning the requirement for his insurance. Choose a product in accordance with the requirement must become the priority.

2. Look for the insurance that you need and it is offered by the insurance companies.
The Insurance Companies offer their product often and very varying. The buyer must read thoroughly the insurance product that was offered. When it is possible you can consult with your friend or insurance expert.

3. Financial ability for buy insurance.
Buyer must know insurance has a premium, this premium is the cost, not investment. In the following year the buyer must pay the premium again.
Don't forced yourself if could not buy this insurance.

4. Compare insurance product with your fund.
This was the process of taking the decision to choose the insurance product that will be bought. It would be better if there are several insurance product, and offered by several companies, so as the buyer had the choices.

5. Consult the policy of the insurance product.
This consultation is important because the brochure that was given to be read often was ignored and the buyer was not more thorough. The brochure and information of the insurance agency better be discussed with the people that understand the law, so your choice is more guaranteed.

6. Choose the insurance company.
The Buyer must be careful in order to be not having a wrong choice.
The buyer must know about the story of the company. The status of ownership of the company sometimes became the electoral factor, but it is not the main factor.

7. Sign the insurance agreement.
This step must be paid attention thoroughly whether the contents of the agreement are in accordance with your wish.
Hope you can choose the insurance product wisely.

Insurance Broker Offer Ease for Your Insurance

Posted by Insurance Assistant June 09, 2008 at 1:45 AM

If you want to purchase insurance, but confuse to get the product and the insurance company that in accordance with the appearances of the risk that was dealt by you. There is no mistaken if you use the services of the insurance broker. Don’t worry with this insurance broker, usually you will not be charged of any cost or it is free. Also they are professional in their job.

There no many people indeed know this profession of the insurance broker. Moreover many people also have a wrong perception that they must pay the broker's cost. Or the concern that the premium must be paid will be more higher if buy insurance through the insurance broker.

The insurance brokers not only become the connector between clients with the insurance company, but at the same time giving the insurance consultation services for them. Because insurance clients could be confuse to choose the insurance company in accordance with the appearance of their risk. In fact insurance industries are more competitive nowadays and the number of the insurance company is increasingly. So is more confusing to choose the best policy for them.
Insurance brokers will choose an insurance company that is safe for their client. Client will get consultation around insurances, which insurance product is competitive and have a natural premium.

Not that all, insurance broker also will handle the claim process if in the future had a claim incident. So clients no need to handle themselves. Insurance broker will not charge a fee to their client. Sure this is very helpful, because in many case clients have a trouble to manage their insurance claims.

So the question is where does the insurance broker’s income come from? Insurance brokers earn their revenue from the insurance company that has been chosen by their client with their assistant of course. This broker’s function similar with the marketing for insurance company. So the cost of marketing expense, survey expense and other administration expenses on premium will be generated as commission for insurance brokers.

So what do you think? Use an insurance broker is a good idea right?

Five methods of saving life insurance

Posted by Insurance Assistant June 06, 2008 at 7:40 PM

There are five basic methods of saving the policy of your life insurance.

These five methods are :

1. Carry out the purchase in an online manner and compare multiple quotes.
The amount that was paid by you for the protection of the life insurance depend on the amount and the policy scope, the health as well as the age and the insurance company that were chosen by you.In order to finds the best price, convince you buy and compare quotes from the varying company.The same policy cost could vary around the different insurance company.

2. Select the exact scope.
Anyone had the requirement for the different life insurance so as to not have one measurement that was exact for the whole solution.
For example, an individual who had debt credit 30 years must have the life insurance scope for 30 years in order to guarantees his debt paid if the incident that was not wanted happening.

3. Determine the number of exact scopes.
Whenever carrying out the purchase of the life insurance, many agencies possibly try to sell more scopes rather than were needed by you.Understood that the aim of the life insurance was to move the financial loss and what most people searched was the transfer of the income for their heir.The financial planner recommended that the number of policies at least same as 6-10 times from the gross income yearly.

4. Checking of the price.
The insurance companies offer the price in the number of certain scopes.Most people paid fewer for the larger scope.

5. Carry out the purchase whenever you were young.
Beside the requirement for your finance was possibly lower in the younger age, rates also cheaper whenever you were young.The best suggestion was to lock the protection whenever you were young where the health and the price were still good for avoid more payment when the short-term policy was due.

So several methods of saving life insurance carried out for you. Do it immediately and you will feel the fund that was kept whenever you paid the life insurance premium.
Have a nice try.

Sitemap

Posted by Insurance Assistant June 01, 2008 at 2:51 AM

Subscribe to: Posts (Atom)