Aug 16

Alternative Benefits of Medical Insurance

According to the National Medical Journal of India released in 2008, Road transport Injury is one of the leading causes for disability among the economically productive age group that ranges between 15 to 44 years.

The above fact stresses on the importance of buying medical insurance. The cost of medical insurance, however, has increased considerably over the years. While usual health insurance policies cover only medical costs, they do not cover additional costs associated with the treatment. Some examples of additional costs may include hospitalisation costs, commuting costs and accompanying persons’ expenses. This is exactly why you should, before settling for a policy, check the kind of alternative benefits available with the policy.

You may not require all alternative benefits that are available with medical insurance. Depending on your requirements, you may want to look for some of the following alternative advantages in your health insurance policy.

The Benefit of Convalescence : Apart from hospital and medical bills, some insurance providers also pay for recovery bills. Also known as recuperating benefit, this feature enables you to make a claim for expenses associated with the recovery from a disease. While some medical insurance providers pay for recovery expenses of up to one week, some others may pay for more. You need to check these things before settling for a deal.

Contemporary Treatment : According to the Insurance Regulatory and Development Authority (IRDA), there are draft guidelines that may enable insurance providers into covering non allopathic forms of treatment, such as Unani, Homeopathy and Ayurveda, as they may be more cost effective for some patients.

Treatment At Home : Most people think that medical insurance coverage is restricted to hospitalization and day care medical procedures. But some insurance providers permit domiciliary allowances too. This includes treatment

Aug 14

Car Insurance For Teens

Top 10 Ways to Get the Best Rates on Auto Insurance for Teenagers

You dont have to be one of those parents doling out more than $2,500 each year just so your teen driver can be on the road. Sure, the National Safety Council found that teen car insurance for a girl will cause the family car insurance to double and for a boy it will likely to triple, but there are ways to keep your rates low in spite of those statistics. How? Here are the top 10 tactics to lower insurance for teens:

10. Drive a Used Car. Used cars are cheaper to insure than new ones, so hit up the used car lot.

9. Safe Over Sporty. If purchasing a car for your teenage driver, choose a safe sedan over a flashy convertible. Luxury and sports cars are more expensive to insure.

8. Assign a Specific Car. If your teen is going to be driving one of your cars, ask the insurance company if theyll let you assign them to a specific one. Again, the luxury car would be the more expensive choice because it costs more to insure.

7. Dont be a Statistic. According to the National Safety Council, 16 year olds are three times as likely to wind up in a crash than 19 year olds and almost six times higher than 20-24 year olds. Stay off your cell phone, wear your seatbelt and drive safely.

6. 6-Month Rule. Every six months, check in with your insurance company and update your policy information to make sure you are getting the best teen car insurance rates.

5. Shop Around. Comparing teen auto insurance prices will save you a ton of dough.

4. Take a defensive driving course. Many insurance companies offer discounts to teens

Aug 12

The Importance Of Having Insurance

The answer is insurance for all the above. There are various types of insurance. General Insurance, Home, car, and life are just four of the diverse kinds of insurance policies that are accessible to the public. Insurance is a safeguard for consumers against all the possible wrong things that can happen to them or their possessions.

In certain circumstances particular types of insurance are legally required. Many governments require car owners to have an insurance policy for each vehicle the person or business owns. In other words, vehicle owners are legally required to buy an insurance liability policy that will compensate those that you have an accident with, but will not compensate your losses. If you would want to also cover your losses, you could buy a more comprehensive policy that will compensate for damages to both you and the 3 rd part in the accident, this policy can comprehensively cover medical costs and property/financial damages.

Therefore the basis as to why insurance is important for vehicles is that it covers you from having to pay large sums of money in damages out of personal finances in the event that you are found liable for the accident. Without automobile insurance policy, you might lose all that you have, and go into debt so as to pay for damages. Another type of insurance policy that is important is the house and contents insurance, the lowest policy level is often based on the probability level worked out by the insurance company Their are options in policy lenders for home owners to add to this level of insurance in order to protect such things as their furniture, home fixtures and dcor and other personal items against loss. Insurance policies will more often than not extend to 3rd parties who may be affected on

Aug 12

Car Insurance You Need to Understand

Car insurance is basically insurances that drivers can purchase for any kind of vehicle in order to protect against losses sustained in traffic accidents. For car buyers, an effort needs to be made on the part of insurance companies to provide information on the different types of auto insurance available. These include bodily injury and liability, collision, comprehensive, full glace, liability, medical coverage, personal injury protection, and underinsured or uninsured motorist.

Liability insurance coverage is imperative to have as a driver. This insurance covers any injuries or damages to property that may occur during an accident. Liability coverage is the most basic and foundational coverage in car insurance policies and is required in most states. This coverage ensures that if you are the one at fault in an accident, your liability insurance will pay for the physical injury and property damage expenses of any third parties involved. This coverage includes legal bills. Remember that third parties can sue you for “pain and suffering” damages.

Medical insurance is different in that it focuses on the driver and passengers of the car. This will cover any medical treatment for the driver and the passengers. In addition, the medical insurance may or may not offer disability insurance and pain and suffering compensation.

Uninsured or under-insured drivers insurance will pay any costs that you or your passengers may experience if an accident should occur with a driver who is uninsured or underinsured.

Collision insurance deals with the cost of damage caused by a collision to your car that may affect the book value. Comprehensive deals more with damage caused by vandalism, natural disasters, theft or other kinds of damage. Collision coverage is usually the most expensive coverage that you will have to pay for. Insurance companies will declare a vehicle “totaled” or a “write-off” if the replacement

Aug 11

Strategies For Choosing Auto Insurance

With the auto sector booming, it is natural that the automobile insurance field is also becoming more and more competitive. Day inside and day out, people are bombarded with adverts from companies providing cheap auto insurance.

Every insurance company is actually trying to get the attention with gadgets and special offers. Several customers end up scratching their heads within sheer confusion. Because of so many attractive options, choosing the proper company and plan can be a very tough thing to do. When it comes to cheap auto insurance, there are numerous aspects of the business that can come into play. You’ll find ads for cheap car insurance for new motorists, cheap auto insurance estimates, cheap auto insurance rates, inexpensive no fault automobile insurance, cheap full coverage vehicle insurance… and that is to call only a few of the items mentioned in these advertisements. .

You can get extensive information on these terms on the Internet. Going to the extensive Web sites in which almost every insurance provider has set up can help you to find the info you need throughout plain black and white. It definitely pays to do your research, comparing cheap automobile insurance provided by various companies. If you re looking for the best kind of inexpensive auto insurance rates, it becomes imperative to choose the insurer carefully.

Each and every state has fairly different sets regarding rules concerning car insurance. For example, typically, the state demands you to bring a minimum level of liability coverage. This specific coverage pays for damage you may have already been at fault regarding during an accident. Alternatively, some states may well allow for absolutely no-fault inexpensive auto insurance procedures. Coverage of healthcare costs, both regarding you and your individuals, is optional in some states. You can find your state’s specific needs

Aug 09

Employers Intend to Cut Back on Dental Insurance

Employees will have to shoulder a larger portion of their health care and dental insurance costs next year, according to a survey by the National Business Group on Health and Towers Watson. Coverage costs have been rising to the point that 57% of employers have decided to shift a larger portion of the responsibility to employees and their families next year. Some insurance providers plan to significantly raise their co payments, premiums and deductibles, and companies that cannot take on the added cost have to transfer it to their workers.


Several companies report that they will tighten their eligibility standards and provide the most desirable plans only for those who “pass” several lab tests. Employees could receive either rewards or penalties based on these tests. Some companies have even decided to exclude overweight employees from the most desirable plans.

Effects of National Healthcare

Regarding the recent health care legislation, 27% of employers said it would cause them to make their coverage less generous, the survey said. Oral health care insurance is often one of the first benefits to go. More than 66% said the legislation would raise the cost of their plans.

Dependents and High Deductible Plans

In addition to general changes, 28% of companies have opted to charge extra to add a spouse to insurance plans, according to the survey. Next year, 12% of employers plan to shift to high deductible coverage to save money. Though high deductible plans have lower premiums, employees have to pay higher out of pocket expenses. While switching to a high deductible plan can save a company money, costs will rise at just the same rate as other types of coverage over time.

Employees should review their benefits to ensure that they are adequately covered. If an employer offered dental insurance has been cut, a dental discount plan could

Aug 09

Selling Cakes, Cookies And Pies You Need Liability Insurance

It matters not if you bake those chocolate chip cookies once a week for the community center and sell them to make extra money for your son’s little league uniform, if you are selling food products you need liability insurance.

Of course, no one once to think anyone could get sick from their delicious double Dutch chocolate, chocolate chip cookies, but the truth is, it may not be your baking process, it may be an ingredient you used in your cookies, and it is better to be safe than sorry.

Liability insurance policies cover both legal costs and any legal payouts for which the insured would be responsible if found legally liable. Intentional damage and contractual liabilities are typically not covered in these types of policies.

Does a small home based baker or food processor selling to family, friends and at farmers markets or community fairs/flea markets need liability insurance. Absolutely!

Liability insurance is important for anyone who may be held legally liable for the injuries of others, especially business owners (that’s you). A product manufacturer may purchase product liability insurance to cover them if a product is faulty and causes damage to the purchasers or any other third party. Business owners may purchase liability insurance that covers them if an employee is injured during business operations, for example if you hire your cousin Bill to do the heavy lifting when delivering those amazing beautiful wedding cakes.

One type of insurance coverage that should be considered by all home based bakers and food manufacturers/processors is “Food Product Liability” coverage. This type of coverage should provide coverage in the event the insured food product injures the person who consumes it. Most retail outlets or locations such as a Farmers Market require that food products have a $1 million to

Aug 09

Life Insurance Different Types And Benefits Provided By It

With the increase in the number of dangers, insuring the life of a person is becoming more and more popular now days. The basic thing that a person needs to know is the proper meaning of life insurance. For that life insurance Hendersonville has given the common people the most appropriate answer. Life insurance is something that provides you with a lot of benefits and advantages in various stages of your life like paying the college fees of your children or getting the mortgages paid and many more. Various companies have various options and plans that will appeal a lot of persons.

What are the types of Life insurances?

Basically, one can divide life insurance into two categories. The first type is the life insurance for a level term. Here a person will be able assist a lot of cost like paying the prices of various commodities that he or she buys everyday or else you can manage the studies of your children or else you also manage the cost of any kind of funeral. This type of life insurance is one of the most profound ones and can be available by any person because of their reasonable rates. The amounts of costs that it can assist with are numerous and the family can live their lives in peace along with some security in terms of financial condition. Insurance agent Hendersonville has got a lot of skills to make a person understand about these life insurances clearing all their doubts. They help in giving the clients the exact things that they need from their life. The basic cause that this type of insurance is one of the finest ones is because the insurer pays the money if and only if the party that has been insured dies and if the

Aug 08

Reduce Car Insurance Premium With No Claim Bonus

Ask any expert as to how to reduce car insurance premium, the advise is drive safely, avail NCB. No claim bonus or NCB is one of the major factors affecting car insurance premium. It is a discount that the vehicle owner gets if he doesnt make a claim the whole year. Percentage of bonus increases for every claim free year.

How is NCB Calculated

NCB can be availed for every claim free year of the vehicle. It is calculated on the own damage part of the insurance premium and not the third party insurance. Own damage (OD) premium forms a major component of comprehensive car insurance. One can get up to 50% discount on it.

For no claim during the previous year one gets 20% discount on OD, For no claim during two previous years discount is 25%, For no claim in three preceding years discount is 35%, for no claim during four previous years, discount is 35% and for four or more preceding claim free years, the discount is 50%.
Once a claim is made, the NCB becomes nil. The next premium is higher and the whole process of accumulating NCB will begin from zero. Some insurance companies offer an add on cover to protect NCB

How to Avail NCB

The insurance company automatically includes the discount in the renewal notice. If the car insurance has lapsed and you renew it within the grace period of 90 days, you can still avail the NCB. If insurance is not renewed within the grace period, NCB lapses. There are certain things to take care if you are selling the car or changing the insurance company.

If you are changing the insurance company, make sure that you take the no claim bonus certificate. Once you present it to

Aug 07

Crucial Person Existence Insurance coverage Yeah, I’ve Heard of It

Insurance plan to shield the living of a organization Why not? Just as the dying of a mother or father can throw a loved ones into economic turmoil, the reduction of a vital member of a organization staff can place the company in jeopardy. To guarantee that they can survive the damage of their most critical staff, enterprises use key person existence insurance plan.

Tiny- to medium-sized corporations are more most likely to rely heavily on particular important employees for continued profitability.ty.

Essential guy living insurance policies, also referred to as key laborer insurance plan or important person insurance plan, gives resources in the occasion that a essential worker dies, retires, or in any other case departs.

Low cost essential guy insurance plan Any life insurance plan product or service can be employed by a business to insure its important staff. Phrase existence insurance coverage is the least expensive.

If the insured celebration expires although the phrase insurance coverage plan is in force, it pays a loss of life advantage. Usually, the policy ends, and the policy owner gets no return. The inclusion of a time restrict on phrase living protection operates properly for employment settings: normally, employees are expected to perform only a particular amount of a long time prior to golden age. Upon a crucial employee’s retirement life, ownership of the money worth insurance policies policy can be transferred to him, or the policy can be cashed in-“surrendered,” in market jargon-and the proceeds applied to fund the golden age strategy.

Money worth insurance coverage goods are divided among two classes: complete and universal existence insurance plan. Entire existence insurance policies are substantially much more costly, but the price of advancement which their money benefit accumulates is assured in the coverage. The hard cash worth advancement in universal lifestyle items depends on the payments

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