tag:blogger.com,1999:blog-17965667021500085432024-03-13T10:51:43.350-07:00Learn About InsuranceUnknownnoreply@blogger.comBlogger25125tag:blogger.com,1999:blog-1796566702150008543.post-60730443675496419332010-09-23T19:13:00.000-07:002010-10-08T05:43:26.507-07:00Other types of insurance<!-- Begin Content --> <p>Insurance is a critical part of the risk management system for a business. It is a way to protect yourself against unforeseen losses. An insurance policy is a legally binding contract with an insurer to provide compensation for a specified damage, loss, or injury suffered by you business in return for a sum of money (premium) paid.</p> <p>Just as you don't want to drive without automobile insurance, you do not want to run a business without business insurance. However, because there are so many kinds of businesses and subsequent risks they may face, there are a wide variety of insurance types, not all of them necessary for every business. Insurance needs differ for each business so look at your risks and choose what is appropriate for your situation.</p> <p>Three types of insurance are mandated by law: unemployment insurance, social security, and workers' compensation. Unemployment insurance benefits are payable under the laws of individual states from the Federal-State Unemployment Compensation Program. Employer payments, based on total payroll, contribute to the program. You should be paying for unemployment insurance as part of your taxes.</p> <p>The Social Security Act and related laws established a number of programs which have the basic objectives of providing for the material needs of individuals and families, protecting aged and disabled persons against the expense of illness that would otherwise exhaust their savings, keeping families together, and giving children the opportunity to grow up in health and security.</p> <p>Funding for the Social Security program comes from payments by employers, employees and self-employed persons into an insurance fund that provides income during retirement years. Full retirement benefits normally become available at age 65. Other aspects of Social Security deal with survivor, dependent and disability benefits, Medicare, Supplemental Security Income and Medicaid.</p> <p>Workers' Compensation Insurance protects your employees if they suffer job-related injuries. The policy pays the medical bills for the employee who is injured on the job. Each state mandates coverage and provides benefits. In most states, private insurance or an employer self-insurance arrangement provides the coverage. Some states mandate short-term disability benefits as well.</p><p><br /></p><p>Other types of insurance may be necessary or unique to your particular business. For instance, a book author or consultant may want to carry a policy that will protect them from libel, plagiarism or negligence lawsuits. For professionals, like these, professional liability or malpractice insurance is important.</p> <p>One thing that should be clear from this discussion is that you need to find a good insurance agent who you can trust. Spend some time in choosing your agent. You need someone you can be comfortable with on a longterm basis - someone who will advise you well so you can spend your time on your business, not worrying about the fine print of the coverage.</p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-81557275102713189532010-09-23T19:01:00.000-07:002010-10-08T05:43:26.510-07:00Travel Insurance For Pregnant Women<span style="font-weight: bold;">Travel Insurance For Pregnant Women</span><br /><br /><br /><span style="font-size: 10pt; color: rgb(0, 0, 0); font-family: arial;"><p>You are hoping for some rest and relaxation before baby arrives and have decided a holiday abroad would be perfect. Travel insurance is always an important factor of any holiday however if you are expecting it is more important than ever to find a policy tailored for travel insurance during pregnancy.</p> <p>It is important to shop around for this type of cover. Some providers will cover travel insurance for pregnant women as part of their standard travel insurance policies however other insurers will offer this as an individual policy.</p> <p>Policies vary greatly in what they will include and what they exclude and therefore it is important to read the policy wording.</p><p><br /></p><p><span style="font-size: 13px; font-family: arial;"><p>Generally speaking most travel insurance policies for pregnant ladies will provide cover for travel up until the 28th week of pregnancy, provided you have a single, normal pregnancy. This is because travel after 30 weeks of pregnancy is considered higher risk, with the instances of pre-term birth increasing. Whilst some insurers will cover for slightly longer its is common for them to stipulate that the pregnant woman must return at least 8 weeks before their due date - which is roughly 32 weeks pregnant. Please note that this is always subject to the rules of the carrier too. If the airline would be unhappy for you to travel past a certain week of pregnancy then your travel insurance policy would not cover you.</p> <p>Travel insurance for pregnant women would usually cover your basic travel requirements such as lost luggage and cancellation or delay as well as lots of extras such as enhanced medical cover and emergency repatriation which is great to have for peace of mind.</p> <p>Holiday insurance during pregnancy is essential and the best policy for you will very much depend on your individual circumstances. Compare available policies and remember that cheap travel insurance for pregnant women does not always mean comprehensive.</p></span></p></span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-85481480539449005982010-09-22T19:16:00.000-07:002010-10-08T05:43:26.512-07:00Types of Insurance<div class="entrytext"> <p><strong>Types of Insurance</strong> </p> <p><strong>Third Party Insurance</strong></p> <p>Based on Today’s life style the list of <em>types of insurance</em> is increasing day by day. You will find a lot many numbers of new insurance policies which you might have not heard before. One of the most important and compulsory insurance for vehichle owners is: Third Party Insurance. The main <strong>types of insurance</strong> policies available in the market are:</p> <p><strong>1) Life Insurance:</strong> In this policy, the insurance company pays in case of the demise of the policy holder or at the time of the maturity of the policy. Now a days a new policy has been launched by LIC in which you will be covered under the insurance policy even after the maturity of the policy</p> <p><strong>2) Property Insurance:</strong> This insurance helps you to prevent the losses against theft, fire, burglary or any natural calamity like Earthquake, Floods etc. based on the points mentioned in the policy.</p> <p><strong>3) Health Insurance:</strong> Health Insurance consists of a package of various types of insurance related to health. For example Medical Insurance is one the major part of health insurance however in most of the cases, dental issues are not covered in this policy so there is another Dental Insurance policy which covers dental problems and is also a part of health insurance. The subcategory of health insurance also involves the injuries or accident at workplace insurance benefits.</p> <p><strong>4) Auto Insurance:</strong> Any financial loss due to accident of a vehicle is covered under the auto insurance policy. Sometimes the expenses on the medicines for treating injuries and all other medical expenditure are also covered under this policy.</p> <p><strong>5) Travel Insurance:</strong> Loss of personal belongings while traveling, medical coverage, delays in the travel are all part of the travel insurance policy.</p> <p><strong>6) Insurance at Amusement Points:</strong> This is a one of the new kinds of insurance policy (not very popular in India) where in you are insured against the equipments that you are using at the amusement joints. For example: if you are using boats for an independent boat ride , then they will charge you with some extra money for an property loss(say $5) and in case of any property damage you will not be liable to pay any amount required to repair the damaged property.</p> <p><strong>7) Credit Insurance:</strong> This type of insurance pays the loans of the policy holder in case of any accident of the policy holder or job loss or death.</p> <p><strong>Third Party Insurance:</strong> This type of insurance covers damages caused by you (first party) to others (third party). For more details visit third party insurance.</p> <p>Apart from these above mentioned insurance policies there are many other types of insurance policies in the market (and the list keeps on increasing) that are more or less related to these policies however providing benefits to the policy holders in a different and unique way.</p> <p>Tags: insurance types, types of life insurance, types of auto insurance, different types of insurance policies, types of insurance</p> </div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-81660236886594638512010-09-20T19:03:00.000-07:002010-10-08T05:43:26.517-07:00Travel Insurance Tips<h3 class="post-title entry-title"> Travel Insurance Tips </h3> <div class="post-header"> </div> <p>Savvy holidaymakers will shop around to make sizeable savings on flights, package holidays and accommodation. However, many of them overlook travel insurance (also known as 'holiday insurance') and simply accept it as an add-on. This is an expensive mistake because some travel agents in the UK can make more profit from selling travel insurance policies than they do from the holidays themselves.</p> <p>This money saving article will examine how you can save cash on your travel insurance - whether you should choose an annual or single-trip policy, where to go for cheap travel insurance and more.</p><br /><span style="font-weight: bold;">What do you need to cover?<br /><br /></span><p>Before you think about what you need to cover you might ask - 'do I need cover at all'?</p> <p>Though travel insurance is not mandatory, it is advisable to take out a policy as complaints about lost baggage are a common occurrence and medical bills in foreign countries can be astronomical for non-citizens. Medical claims are frequent with a third of UK tourists suffering from 'Delhi belly' while abroad according to Halifax, with almost two out of five travellers sick for two or more days losing around £42.42 per person a day off the cost of their holiday. If you're going to a country with poor medical facilities, ensure your policy includes repatriation costs.</p> <p>The levels of cover available vary greatly and there's no point paying for something you don't need. Consequently here is our recommendation for the level of cover you should take out on a typical travel insurance policy:</p> <ul><li>Medical expenses (£2m) </li><li>Personal liability (£1m) </li><li>Cancellation (£3,000) </li><li>Baggage (£1,500) </li><li>Cash (£250) </li><li>Also make sure the travel insurance company has a 24hr emergency line and cover for legal costs. </li></ul><br /><p>Bear in mind however, that the amount of cover you need depends on your circumstances. For example, if you are taking a low cost flight for less than £50 is there really any point in securing cancellation cover? By the time you have paid off the excess you might only be claiming back £10. Additionally, be wary of ridiculous amounts of medical expenses cover - some will offer as much as £20m, when £2m is nearly always adequate.</p> <p>It's also important to take out travel insurance as soon as you book your trip - particularly with the cancellation stipulation in mind. If you book your holiday months in advance but plan to wait until the last minute to secure your insurance then you won't be covered if you are forced to make a cancellation - perhaps due to a family bereavement or illness. So book your travel insurance to start immediately after booking your holiday to give yourself peace of mind and make sure your cancellation cover at least matches the cost of your holiday.</p> <p>Also pay close attention to baggage cover. Typically a policy will cover around £1,500-£2,000 for lost baggage, which is nearly always sufficient. However, many policies have single-item limits, usually ranging from £200-£300, and there may be an excess to pay in the region of £50-£70. According to Age Concern Insurance Services, around a third of Brits don't bother to check the terms and conditions of their policy - so ensure you read the small print thoroughly and look for any notable exclusions.</p>Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-1796566702150008543.post-77463222872598235042010-09-02T19:00:00.000-07:002010-10-08T05:43:26.520-07:00Health Insurance For IndividualsHealth Insurance For Individuals - Options Of Paying It And The Best Way To Decide On One (insuransiv)<br /><br /><br /><br />Why Co-Payment Is Necessary And Advantageous<br /><br />In our working population, most people have health insurance for individuals' plan whereby the company mostly pays for a major part of their yearly premiums. Having said that, employee will still be demanded to make a co-payment every time they go to a health professional. This co-payment is just a small amount fork out by the workers towards the expenditure for getting the medical treatments. This sort of insurance program is actually quite common. Due to the fact of the co-payment, people today will not make unneeded trips to the health professionals for minor medical matters that they can realistically handle by themselves at home. Consequently, this also assists the insurer to lower down the premiums, specifically in this very cutthroat competitive market place in recent times.<br /><br />Using Medicare For All Those Over 65<br /><br />If an individual are over sixty-five years of age and encounter certain kind of disabilities, a person can look into the possibility of making use of a Medicare to help in saving significantly in the health related expenditures. One key pitfall that you have to realize is that Medicare doesn't cover up the expenditures borne for the prescriptions given. This cost also comprises of the fee of using a nursing home. In spite of this, do not lose hope. Right now there are still low cost prescription options offered in the market place which usually can help you greatly in getting down the price borne for settling the prescribed medicines.<br /><br />Apply For HSA(Healthcare Savings Account) To Your Advantage<br /><br />On the other hand, if you are one who sees the health practitioner very frequently because of some health-related disorders which you may possess, it is best for you to utilize a HSA account. That will help you to minimize your month-to-month healthcare costs significantly. How this works is that you could set aside a fixed sum of funds to be deducted from your wage month to month and to be deposited into this account. This amount of money in the HSA could then be widely used to cope with the expenses for just about all the medical bills incurred. This will essentially assist you to greatly reduce your healthcare charges as the money in the account is from your salary before tax.<br /><br />Mentioned above are simply various plans that you have to be aware of before getting any health insurance for individuals. So, before you decide taking up any plans, perform your research first. For instance, you really have to make a decision whether you are ready to make a co-payment in your medical plan or prefer paying more expensive yearly or month-to-month premiums that will permit you not paying for the medication you receive.<br /><br />Lastly, it does not matter what plan you settle on to take up, don't just go for one that cost you the cheapest. In reality, you have to decide on one that match your needs best in terms of the benefits, restrictions and coverage that you will get from the plan.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-31320075009283704402010-08-23T19:17:00.000-07:002010-10-08T05:43:26.522-07:00Property Insurance<p><strong>Property Insurance</strong></p> <p>Property is subject to many types of losses. It can be natural or unnatural. From unnatural losses one can save their property by using burglar alarms or any other special devices. However in case of natural disasters like earthquake , fire, floods or any other disaster one cannot find out a way to foolproof the security of their property. But now a days a new concept of <strong>property insurance</strong> is buzzing in the market and the new jargons like Home Property Insurance , Commercial Property Insurance, Business Property Insurance, Rental Property Insurance, <em>Let Property Insurance</em>, Rented Property Insurance, Landlord Property Insurance and Property Liability Insurance etc. can be heard of in the market. This is the way people feel confident about their property and this is the way if something happens to their property or their business they will be given with the enough money to pay their losses with the help of <strong>Property Insurance</strong>.</p> <p>Property insurance comes in many flavors that means it can be modified as per the customer needs like covering jewellery, furniture, paintings, rented property etc but in the property insurance these things can be insured only after attaching certain documents as these are not directly insured under property insurance.</p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-56522757740250381012010-08-03T19:18:00.000-07:002010-10-08T05:43:26.524-07:00Types of Life Insurance<p><strong>Types of Life Insurance </strong> </p> <p><strong>term life insurance, types of life insurance policy, different types of life insurance policies</strong></p> <p>Now there are different <em>types of life insurance</em> policies available in the market, some policies allow the insurer to participate in the profits of the insurance company; others give the assurance to return certain percentage of the investment independent of the profit of the company.</p> <p>The types of life insurance pollicies can be divided into two types:</p> <p><strong>1. Whole Life Insurance </strong>(or Permanent Life Insurance)<strong>: </strong>The permanent life insurance policy is a life insurance policy which covers the whole life of an individual. This is why it is also called <strong>whole life insurance</strong>.</p> <p><strong>2. Term Life Insurance:</strong> In term life insurance policy an individual can buy a life insurance policy that covers a fixed number of years and hence the name term life insurance. Term life insurance can be one to hundred years.</p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-51209634991203648032010-07-02T19:20:00.000-07:002010-10-08T05:43:26.526-07:00Types of Health Insurance PlansHealth insurance to its employees. It forms a part of their monthly salary or is given as a perk. But most companies do not make such offers and there are a lot of employees who have to seek individual health insurance for their needs. <p>It is essential to realize that insurance is very important because not being insured means a lot of expense to be incurred in case you are faced with a sudden medical emergency that might require hospitalization and tests. Fees for doctor visits and other related expenses will create a huge dent in your bank account and might indeed finish off all your savings.</p> <p>As we get older, we are prone to age-related diseases. Being prepared with insurance cover in advance is not only a wise decision it is also a sound choice to make in terms of finance.</p> <p>Individual health insurance plans are available in two types: <strong>Indemnity and Managed Care Plans</strong>. There is only two major differences between the two plans. How much you will pay as premium and the method of paying your bills.</p> <p><strong>Indemnity individual health insurance</strong> is comparatively more expensive than Managed Care and that is the reason most people opt for the <strong>Managed Health Care Plans</strong>. In terms of benefits and risk covered, the indemnity individual health insurance plan is the one that covers the basics of health more comprehensively. It is also the oldest form of health insurance.</p> <p>Indemnity plan requires you to pay a part of the medical costs with the insurance provider paying the balance remaining. The most availed plan is the 80-20 where you are required to pay 80% of the medical costs incurred and the insurance provider pays the remaining 20%. Premiums are charged accordingly. The higher the amount you commit to pay, the lower will be the monthly premium charged by the insurance provider. The company decides the rate of compensation on the basis of average fees charged by doctors and physicians in your area for medical services. You either pay the fees upfront and claim from the insurance company later or have your doctor send the bill to them directly.</p> Managed health care plans are more popular because they are more affordable as compared to indemnity plans. The premium rates are lower too but you are not at liberty to choose your physician or service provider and have limited choice.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-75087497006409733432010-03-23T18:59:00.000-07:002010-10-08T05:43:26.527-07:00Finding Very Cheap Car InsuranceFinding Very Cheap Car Insurance For Your Mitsubishi (insuransiv)<br /><br />When you are looking for car insurance, the cheaper the better. If you want Mitsubishi insurance, for example, you want to be sure that you get very cheap car insurance that you can afford. As a Mitsubishi is an affordable car, it stands to reason that you will not want to pay a lot for the car insurance to have your car covered. When you are looking to save money on your car insurance, it makes sense to go online and get quotes. This is the best way to buy Mitsubishi car insurance or any other type of car insurance for that matter.<br /><br />Very cheap car insurance usually entails only liability coverage. You can save quite a bit of money on your car insurance if you only get liability car insurance instead of full coverage. If your car is an older model car, it probably makes more sense to only cover it in case of an accident in which you are at fault so that you have liability coverage rather than collision coverage as your deductible may be more than the car is worth. You can get very cheap car insurance when you look for liability only coverage when you are purchasing Mitsubishi insurance.<br /><br />You can also raise your deductible when you are looking for Mitsubishi insurance. When you want to get very cheap car insurance, the higher your deductible, which is the amount that you have to pay out of your own pocket for any loss before the insurance company kicks in, the cheaper your car insurance rate is going to be. This is one way to get a lower premium on your car insurance.<br />How much coverage do you need? If you need state mandatory coverage only and do not have a lot of assets, then you may just want to go with what the state says you have to carry when it comes to liability coverage for your Mitsubishi insurance. The lower the coverage amount, the cheaper the insurance rate. When you are looking for very cheap car insurance, it pays to get the amount of coverage that will keep you legally safe when it comes to driving, but not over insure yourself. Most insurance agents will promote higher insurance coverage in case of an accident in which you are sued. However, if you have little or no assets, in which case you are pretty much betting on getting into an accident in which you are liable and someone is seriously injured.<br /><br />Most insurance cases are settled out of court for the amount of the insurance coverage. Attorneys who pursue these cases do so for a portion of the damages awarded and are not likely to go after someone who has no assets. If you have little assets and want very cheap car insurance, you can go with state minimum coverage for your Mitsubishi insurance.<br /><br />You can find the very best quotes on very cheap car insurance when you are looking for Mitsubishi insurance by going online and getting a quote by providing them with basic information that is secure and will afford you the best car insurance for your money.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-9014427901829645752010-01-23T18:53:00.000-08:002010-10-08T05:43:26.529-07:005 Things Never to Say to Your Insurers5 Things Never to Say to Your Insurers<br /><br />Some words are red flags to insurers and using them could mean that your claim might be delayed or even denied.<br /><br />1. "I Think ..."<br /><br />Never begin a statement regarding a claim with these words. If you aren't sure, don't guess. What you say could cause your claim to be delayed or denied, says attorney Vedica Puri. And if you're wrong -- say, you report driving at 30 miles per hour before an accident but police later prove you were going 50 -- it could hurt your credibility.<br /><br />Particularly beware of speculating on blame or causation. For example, if you suggest that a water leak is due to a construction defect, you could give the insurer an out if that's a policy exclusion.<br /><br />Stick to the facts. Should the insurance rep ask you a question you can't answer, simply say, "I don't know." If the person is taking a written or recorded statement, ask for a transcript to review for misstatements.<br /><br />2. "I Got Whiplash"<br /><br />Fraud costs auto insurers up to $6.8 billion a year, reports the Insurance Research Council. And suing for damages caused by whiplash is a fraudster favorite ("Oh, my neck!"). Merely mentioning the term is likely to get your claim flagged for further investigation, says Amy Danise of Insure.com.<br /><br />Whiplash is a specific diagnosis. If a doctor says that you have it, then you should report it as such. Other wise, if you feel neck pain, just refer to it that way.<br /><br />3. "It's an Experimental Treatment"<br /><br />Truly experimental or investigational medical procedures are typically not eligible for health insurance coverage. So if a doctor tells you he wants to experiment with a treatment, don't represent it using those words. "In medical terms it may not actually be experimental or investigational," explains Danise. "If it's proven effective, your doctor deems it medically necessary, and it's not an exclusion, it should be covered." Verify with your doctor that it meets the above litmus tests before going to the insurer.<br /><br />4. "My Basement Flooded"<br /><br />With homeowners insurance, "flood" is a red flag. "The word refers to an act of weather or an overflow from a nearby body of water," says Danise. "And a standard homeowners policy doesn't cover it. You'd need flood insurance."<br /><br />So don't use the f-word if your basement is knee-deep in water because of a burst pipe. Damages from such an incident should be covered by a homeowners policy. But calling it a "flood" could muddy the waters, so to speak.<br /><br />5. "Just Send Me a Check"<br /><br />When filing a home or auto claim, don't emphasize that you're just looking for the cash.<br /><br />"If you were to say, 'I don't care about the roof leak, I just need the money,' that admission could slow things to a halt," says Puri. Technically, you're supposed to use the payout to make the repair for which you filed. While it's true that most insurance companies aren't going to check up on you, you'll certainly raise the fraud unit's suspicions if you imply that you won't. And then you might lose out on the money altogether.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-59146619341147005332010-01-02T18:55:00.000-08:002010-10-08T05:43:26.532-07:00Are You Hard to Insure?Are You Hard to Insure?<br /><br />What prompts an insurer to deny coverage? The reasons for rejection fall into a handful of categories, but they all boil down to one maddening fact: Companies don't like to sell insurance to people who are likely to use it.<br /><br />In some cases, there isn't much you can do to remedy the situation — if you live in an active flood plain, for instance. But some things you do have control over. After all, do you really need that woodburning stove? Here's a list of things you might think about changing — if you can — plus a list of last resorts.<br /><br />THINGS THAT WILL COST YOU<br /><br />Potential Hazards<br />Exposure to things like earthquakes and floods is obviously a problem. But anything on your property that could bring about liability claims could also cost you. For example, you may be refused coverage or will certainly have to pay more if you own an unfenced swimming pool, expecially if it has a diving board or a water slide. State Farm considers a trampoline a potential risk.<br /><br />Unsafe Conditions<br />The insurer may deem your home or neighborhood unsafe due to anything from the crime rate to the incidence of fire in buildings like yours. Insurers will certainly want to know if fire-resistant materials were used to construct your home — something to keep in mind if you're thinking of buying a fixer-upper. They will also check to see if you maintain your property. Signs of disrepair, such as cracked steps or a leaky roof will be taken into consideration when agents are deciding whether to write or renew a policy.<br /><br />Mean Pets<br />Believe it or not, unleashed or unfriendly dogs are seen by insurers as potential causes of liability claims. "If we investigate a home and find that a dog seems to be threatening, or if someone owns a pack of dogs," says State Farm spokesman Jerry Parsons, "then we might decline coverage."<br /><br />Wood-burning Stoves<br />Wood-burning stoves have become a much sought-after item among home shoppers looking for coziness or charm. But, due to danger of fire, insurers see nothing charming about them. If you own one, most companies will either increase your premium or, if you live in an area far from hydrants or a local fire station, may refuse your business altogether.<br /><br />Heavy Claims Filing<br />As unfair as it seems, this is a primary reason for denying coverage. Insurers may consider several claims filed within a couple of years as a sign that you are not taking care to protect your home and possessions, or even that you are engaging in insurance fraud, says Peter van Aartrijk, a spokesman for the Council of Independent Insurance Agents. Many companies would rather see one very large claim than several small ones. Say you have a $50,000 claim in your recent past for damage from a house fire caused by faulty electrical wiring. You can probably find a new policy fairly easily, since in all likelihood the electrical system would have been brought up to current building codes in the course of repairs. But if every six months or so you file a claim for the loss of a ring, a watch or a set of golf clubs, finding a new homeowners policy is going to be something of a challenge. Try using an independent agent who will not only shop around for you, but can also make a case to underwriters that you are a responsible homeowner, and have just had a string of bad luck.<br /><br />LAST RESORTS<br /><br />Where do you turn when no one else will have you? Check if your state offers a Fair Access to Insurance Requirements (FAIR) plan. FAIR plans are government-backed policies for folks who have been turned down everywhere else because their property is in a high-risk area. They are often more expensive and less comprehensive than standard policies, but may be your only option. Currently 35 states and the District of Columbia offer FAIR plans,Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-48639748299184522422009-12-22T02:28:00.000-08:002010-10-08T05:43:26.534-07:00Ford workers consider short term medical insuranceFord Motor Company announced that it will offer short term medical insurance as part of a buyout retirement offer for almost all of its 41,000 hourly workers. The offer is intended to reduce the firm's factory work force. The New York Times reports that in the past Ford kept laid-off workers in a job bank rather than remove them from the payroll. This year, however, Ford is actively reducing its work force in anticipation of lower demand for cars in the future.<br /><br />The short term medical insurance plan is a six month basic health insurance policy but the details of the coverage are not provided. Ford has not announced how many workers are expected to elect the buyout offer.<br /><br />Considering the larger regional trend of employers hiring temporary workers and the shift toward individual health insurance (as opposed to employer-sponsored group insurance), some of these workers in the Detroit area are likely to consider alternate affordable health insurance options for the long term before deciding whether to accept the buyout package. Those who do not qualify for lower cost options could face higher health insurance costs through their state's high risk Blue Cross insurance pool.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-65655765338064077842009-10-31T15:09:00.000-07:002010-10-08T05:43:26.539-07:00HCC announces affiliation with Travel Insured InternationalIn a press release dated 10/30/09, HCC Medical Insurance Services, LLC announced its new alliance with Travel Insured International. HCC Medical Insurance Services LLC is a leader in online health insurance products for international travelers and expatriates. Travel Insured International is a provider of travel insurance services such as trip cancellation, trip interruption and travel assistance services.<br /><br /><br />HCC Medical Insurance Services President Mark Carney is quoted saying “We are very excited to announce our affiliation with Travel Insured International. In spite of the economic downturn, the international traveler and expatriate’s need for health insurance products continue to grow”.<br />Travel Insured International’s product portfolio will now include eight additional health insurance products that are already also available online at Freedom Benefits:<br /><br />Atlas Travel Series – a short-term health policy for individuals traveling outside their home country<br /><br />CitizenSecure(SM) – annually renewable major medical insurance with a term-life insurance option for individuals and families<br /><br />StudentSecure(SM) – health coverage for international students and scholars studying abroad<br /><br />IC+ International Term Life – term life insurance policy for individuals living outside the U.S. for up to 10 years<br /><br />Other products offered by HCC Medical Insurance Services include: Atlas Group, Atlas Professional, CitizenSecureSM Economy, GroupSecureSM.<br /><br />About Travel Insured International<br /><br />Travel Insured International, based in East Hartford, CT, was founded in 1993 by the foresight of insurance industry executive Peter Gehris when he acquired the travel protection division of the Travelers Insurance Company. Travel Insured International delivers strong, affordable benefits in the customer’s choice of a broad range of travel plans, as well as group and customized protection programs. Travel Insured International has established and driven higher standards for policy quality and customer care.<br /><br />About HCC Medical Insurance Services<br /><br />The international products are administered by Indianapolis-based HCC Medical Insurance Services, LLC (HCCMIS), a recognized leader in international life and health insurance offering coverage to consumers in more than 130 countries. Through its staff and a worldwide network of distributors, HCCMIS provides quality and value to clients. The company is available 24 hours a day, 7 days a week to serve its clients worldwide. HCCMIS is a subsidiary of HCC Insurance Holdings, Inc. (NYSE: HCC), a leading international specialty insurance group headquartered in Houston, Texas. HCC has assets of $8.9 billion, shareholders’ equity of $2.8 billion and is rated AA (Very Strong) by Standard & Poor’s and AA (Very Strong) by Fitch Ratings. In addition, HCC’s major domestic insurance companies are rated A+ (Superior) by A.M. Best Company.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-87870191750642898482009-10-23T18:58:00.000-07:002010-10-08T05:43:26.542-07:00Buying Life InsuranceBuying Life Insurance: What Kind and How Much?<br /><br />Finding the middle ground between being "insurance poor" and unprotected requires assessing real needs and choosing products that are affordable. This article introduces different types of insurance products and the role that they can play in a personal financial plan.<br /><br />Buying Life Insurance<br /><br />Conventional wisdom says that life insurance is sold, not purchased. In other words, some people are reluctant to discuss the importance of owning life insurance, and others are simply unaware of the need to have life insurance. Although many large companies provide life insurance as part of their benefits package, this coverage may be insufficient.<br /><br />Who needs life insurance? If there are individuals who depend on you for financial support, or if you work at home providing your family with such services as child care, cooking, and cleaning, you need life insurance. Older couples also may need life insurance to protect a surviving spouse against the possibility of the couple's retirement savings being depleted by unexpected medical expenses. And individuals with substantial assets may need life insurance to help reduce the effects of estate taxes or to transfer wealth to future generations.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-47746564565725841602009-10-19T07:56:00.000-07:002010-10-08T05:43:26.544-07:00A closer look at Secure Short Term Medical InsuranceThe brand name "Secure Short Term Medical" is one of the best-known and most highly regarded low cost health insurance plans in the U.S. The brand actually consists of four products that each target a specific group of consumers. The four products are: 1) Secure STM, 2) Secure Lite STM, 3) Secure 12x3 STM and 4) Secure Saver STM.<br /><br />What makes this product lineup work so well? Probably not any one thing in particular but rather a combination of factors. We could make an analogy to an "all star lineup" in a sports team. First, the plan is administered by Health Plan Administrators, Inc., arguably one of the best service organizations in health care today. Second, The Standard Security Life Insurance Company of New York enjoys a strong reputation among insurance professionals and consumers.<br /><br />Next is the length of coverage. This is the only insurance product that can adequately span a gap from just one month to 36 months of continuous coverage. With a growing number of consumers looking forward to post-reform insurance within a few years, the Secure 12x3 offers the flexible length of coverage they need del with the uncertainty of the health care reform timetable.<br /><br />Eligibility for the four insurance plans is liberal so most applicants will qualify for coverage. In fact, in many cases this is one of the few options available to applicants who have been previously declined for health insurance with another company. The exceptions are listed in the "medical eligibility" section of the online product descriptions. It is important to realize that all short term medical insurance plans exclude coverage for pre-existing medical conditions. This is what makes them so affordable and easy to access.<br /><br />Only one of the four products screens for weight or previous declines in determining eligibility. That is the Secure Saver, as we might expect, since it it the lowest cost plan with the least predictable out-of-pocket expenses.<br /><br />Finally, we cannot ignore price. Despite all the talk about the quality of insurance the fact is that many consumers buy based primarily on price. The Secure Lite and Secure Saver rank among the least expensive major medical insurance choices in many parts of the country.<br /><br />A comparison of the four Secure STM products is published at FreedomBenefits.net and a description of coverage and exclusions is available for each product. Although all of these policies come with a standard "10 day free look", generic sample policy certificates are also available online for all four products for those who want to take a closer look at these insurance options.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-72924359639702869222009-10-07T03:05:00.000-07:002010-10-08T05:43:26.546-07:00Celtic Insurance gains customers with low pricesPricing of short term medical insurance tends to be more stable than managed care plans or other types of health insurance. As a result, pricing trends tend to develop more slowly and it may take longer for advisers and consumers to identify those companies with cost advantages. One such example is Celtic Insurance that has slowly and quietly winning over customers with its low rates and strong customer service. The coverage is priced and issued completely online at the company's secure enrollment site managed by ehealthinsurance.<br /><br /><img src="https://celtic.inshealth.com/eHSystems/Images/BannerCelticWebLinks.jpg" border="0" />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-72607851530221262572009-09-20T20:56:00.000-07:002010-10-08T05:43:26.548-07:00Buying Life Insurance For The First TimeBuying Life Insurance For The First Time<br /><br />When one purchase insurance, it means that you are buying something that you would never use it, but in case you need to file an insurance claim, you would come to know how important it is to have right type of coverage. Follow the below given tips in case you are a first time buyer for life insurance.<br /><br />It is a remarkable fact that people who is actually healthy get best rates on life insurance. You would be asked to pay a superior rate of anything that lessen your life expectancy for example, if you have smoking habit, or if you are overweight, or may be bad in driving.<br /><br />The life insurance company would certainly ask you about your health check history and might desire you to take some kind of medical you as well test for. While filling up the health advice form you need to be true to them, in case you lie the company would find out and your life insurance policy would be surely canceled. And if in case your sick and were to die and then the life insurance company found out you lied earlier, if, for instance, you said you were a non-smoker but ended up dying of lung cancer from a smoking habit, they would then certainly deny the death benefits.<br /><br />No matter what type of insurance you're purchasing, the course is fundamentally the same. Once you've determined what type of insurance and as well how much coverage you require, you could start contacting insurance companies online, straight by phone, or even through an insurance broker or agent to get quotes. Get quotes from numerous diverse insurers because premium cost could surely vary widely.<br /><br />An insurance policy may cost less because it offers less, or dissimilar, features and benefits. And make certain the company you've settled on is highly regarded, with high-quality customer service and also claims-paying ability. All insurance companies are rated by chief rating agencies (e.g. Standard & Poor's, Moody's, A.M. Best) on their available capability to pay claims. You could also access these ratings online, by way of public libraries, or through insurance company literature.<br />An insurance policy is a legal contract that may be loaded with technical terms that are hard to understand. But read it anyway before you sign on the dotted line to find out about the coverage you're buying. A life insurance policy is a lawful deal, which might be loaded with technical terms that are hard to understand, but you need to read it anyways before you sign on dotted line to find out about the premium and coverage you are buying. For instance, the policy would tell you:<br /><br />Who is covered?<br />What coverage eliminations and limitations apply?<br />When coverage starts and ends<br />How much coverage is actually provided to you?<br />How much you would pay for insurance coverage<br />How you report a loss and to file a claim<br /><br />The most excellent key for purchasing right amount of life insurance is just to have sufficient coverage policy which meets your need. In case if it carry more life insurance than what you really required; you'll land up paying unwanted for higher premiums. On the other hand it is also significant not to have too little coverage, which might result in you being underinsured.<br /><br />If you've been putting off for buying life insurance because you don't want to pay the premiums, you might be doing yourself damage in the long run. The younger you are when you buy life insurance coverage, the lower your premiums would pay. Make your life insurance policies work for you by taking the time to occasionally review your needs and coverages.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-64940725718631970712008-12-09T20:22:00.000-08:002010-10-08T05:43:26.551-07:00Unemployment Health Insurance<p>One of the most painful parts of losing a job is having to deal with replacing your health insurance. Most people feel unprepared to select and enrolling in this type of health insurance even though most of us will have a handful of interruptions in employer-provided health insurance over our full working career. Employer-provided health insurance expires on the last day of the month of termination of employment. Enrollment in an unemployment health insurance is never automatic and must be addressed within a short time after termination of employment. </p><br /><b>Types of coverage</b><br /><p>While unemployment compensation is provided through the government, unemployment health insurance is provided through commercial health insurance companies. The term "unemployment health insurance" is generic and therefore may refer to one of several available insurance programs. Some people who work for larger companies have the option of continuing their same health insurance for up to 18 months by paying the full cost of this coverage plus an administrative fee. This is commonly known as <strong>COBRA coverage</strong>. In some cases a similar program called "individual conversion coverage" is available. In either case the burden of enrollment and full payment of premiums is solely the responsibility of the terminated employee. Despite the obvious advantages in simplicity and continuity of coverage, few people can afford this option.</p><br /><p>The most popular type of unemployment health insurance is <strong>short term major medical insurance</strong>. Despite the name, this insurance can span several years or longer and eligibility requirements are minimal<sup>1</sup>. This insurance offers flexibility with high coverage limits. Policies can be renewed month-to-month from one month to six or twelve months. The two most important features of this coverage are that it is valid with all doctors and hospitals in the U.S. (no network required) and it provides a Certificate of Creditable Coverage<sup>2</sup> to be used with your next employer's health insurance policy. This is important because it ensures that the new coverage immediately takes over the cost of treating pre-existing medical conditions.</p><br /><p><strong>Specialty insurance</strong> can be used in specific situations and regular <strong>individual major medical insurance</strong> is suitable when it is unlikely that there will be other employment in the future and the applicant is financially stable.</p><br /><b>Shopping Tips</b><br /><p>Plan to enroll in a bare-bones coverage rather than a fully loaded policy. Most people avoid incurring voluntary medical expenses while they are not employed so this insurance is primarily designed to cover large unexpected medical expenses. Also, because of the uncertainty of unemployment, it is smart to select an insurance that is less expensive than you think you can afford.</p><br /><p>Short term medical insurance is priced at about 1/3 of the cost of your former insurance or COBRA option. For a typical employee, this means that the total cost of the unemployment health insurance will be approximately the same as the amount you were contributing to the employer's health plan through salary-deductions<sup>3</sup>. Using his guideline, it may be psychologically comforting and aid in your personal financial planning to know that the total out-of-pocket cost of health insurance remains relatively constant from the period of employment to the period of unemployment. </p><br /><p>All of the following insurance products provide strong protection against catastrophic losses and provide a Certificate of Creditable Coverage to ensure payment for pre-existing medical conditions on your next employer-provided health insurance plan. The price of the coverage varies and some products are better suited for specific situations. We suggest narrowing the list to two or three choices and then get online quotes for each product.</p><br /><p>Use the online enrollment options available. This is faster and safer than a paper application and offers immediate confirmation of coverage.</p><br /><strong>Insurance Choices</strong><br /><p>All of the following choices are available a MedSave.com. They are grouped according to price range although price varies from one person to another based on location of residence, age, and sex.</p><br /><p><strong>Lowest cost unemployment policies</strong> - <a href="http://www.celticenrollment.com/">Celtic Insurance STM</a> and <a href="http://www.medsave.com/" 20href=" Default.aspx?BrokerID=">UnitedHealthOne Golden Rule Insurance STM</a> are often the least expensive insurance plans to cover a gap in group health insurance. Some of these plans keep cost down by using a "per cause" deductible rather than a single policy deductible.</p><br /><p><strong>Mid-range unemployment policies</strong> - <a href="http://www.medsave.com/Review-of-Secure-12x3-STM.htm">Secure 3x12</a> (36 month) short term medical insurance, and <a href="http://www.medsave.com/health-savings-account-step1.htm">Health Savings Account</a> qualified health insurance for long term coverage.</p><br /><p><strong>Higher priced unemployment policies</strong> - <a href="http://www.insureme.com/health-insurance-quotes.html?Refby=687217">Blue Cross, Aetna, Cigna</a>, <a href="http://www.celticenrollment.com/">CelticCare</a></p><br /><strong>Special Situations</strong><br /><p>When specific medical conditions or circumstances exist then additional sources should be checked to determine the best coverage options. The special situations are: 1) when significant medical conditions, including diabetes, high blood pressure or high cholesterol exists, 2) applicant is a resident of MA, NJ, NY or VT, 3)non-US citizens, 4) residing in the U.S. les than a year, 5) previously declined for health insurance coverage, 6) applicant is overweight or 7) coverage is needed outside of the U.S. In all of these cases, see the article titles "<a href="http://www.medsave.com/Short-term-medical-insurance-for-special-situations.htm">Short Term Medical Insurance for Special Situations</a>". </p><br /><p>Individual help in selecting the best value insurance is available through OnlineAdviser at <a href="mailto:onlineadviser@short-term-medical-insurance.com">onlineadviser@short-term-medical-insurance.com</a>. </p><br /><p class="style1"><strong>Footnotes</strong></p><p><sup>1</sup> See the article "<a href="http://www.medsave.com/Eligibility-for-Short-Term-Health-Insurance.htm">Am I Eligible for Short Term Medical Insurance</a>" and "<a href="http://www.medsave.com/How-long-can-I-be-covered-by-short-term-health-insurance.htm">How Long Can I Be Covered by Short Term Medical Insurance</a>" for details. </p><p><sup>2</sup> See the article "<a href="http://www.medsave.com/Understanding-a-certificate-of-creditable-coverage.htm">Understanding a Certificate of Creditable Coverage</a>" for more information.</p><p><sup>3 </sup>This assumes that the average employee contribution for employer-provided coverage is about 40% of the total cost.</p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-78985510701959008512008-11-13T19:50:00.000-08:002010-10-08T05:43:26.563-07:00Recession impacts health insuranceAn artice in Time (November 13, 2008) predicts that the number of uninsured Americans will rise sharply to above 50 million within the next few months. This pessimistic prediction assumes that many employers will drop their group health plans to combat the recession by the end of the 2008 calendar year and that many of these individuals will not obtain alternate health insurance on their own. The prediction also assumes that employers would drop health coverage altogether rather than switch to one of the low cost limited beneft plans now available. We see no reason to support these assumptions.<br /><br />The number of uninsureds has actually decreased slightly over the past two years as more affordable insurance plans have been introduced to the market according to our "Covering the Unisured: 2008 Update" report. The cost of employer provided health insurance coverage for an employee without dependents is about $6,000 per year and COBRA coverage cost slightly more. But the cost of individually purchased short term medical insurance averages only about $1,800 per year. About 72% of Americans currently qualify for this type of low cost short term medical insurance. (Short term medical insurance is not available to the residents of four states or individuals with serious pre-existing medical conditions).<br /><br />Given this viable and affordable alternate coverage possibility, it seems unlikely that more than an additional four million people would choose to go without any health insurance in 2009.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-89768295296864414252008-10-19T16:46:00.000-07:002010-10-08T05:43:26.566-07:00Golden Rule Web site temporarily closed for maintenanceGolden Rule Insurance Company, a national leader in innovative low cost health insurance, announced that its "E-store" will be closed for system maintenance over the weekend of Friday October 17, 2008 and will reopen at 8:00AM eastern time on Monday October 20. While direct self-serve online quoting, enrollment and some other functions may still be available during this weekend, MedSave.com will postpone customer service requests until Monday when all online functions are available to provide full enrollment support.<br /><br />Golden Rule Insurance provides low cost short term medical insurance as well as a line of affordable long term renewable insurance policies for individuals and families in most states. See www.MedSave.com/goldenrule for more information.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-14595631392524134562008-04-25T03:06:00.000-07:002010-10-08T05:43:26.568-07:00Insurance for college graduatesNew data gathered by insurers shows that parents continue to be the driving force in a college graduate’s decision to buy short term medical insurance following graduation. Parents pay the premium in more than half of the short term medical insurance policies issues to those in the 21-24 age group. Without this parental financial support, a college graduate is four times more likely to go without medical insurance for a period of two months or more following gradation. <br /><br />College graduates and their families are often surprised to learn how affordable health plans can be. MedSave.com, a leading provider of low cost medical insurance for college graduates, reports that the average cost of the six most popular health plans to young adults has dropped this year to for the first time in recent history. The price drop is due to the expansion of limited benefit plans rather than a reduction in overall health care costs.<br /><br />But more health plan choices also means that there is more potential for selecting the wrong coverage. Not surprisingly, the least expensive health plans tend to be the most popular among young adults. This can lead to less than adequate protection. These health plans tend to provide up-front benefits for smaller medical expenses like doctors office visits but offer the least protection for catastrophic risks. It is important that college graduates choose the right plan for their own health situation. It appears that parents may be less likely to be involved in the selection of the insurance than in helping with the cost. Many college graduates are purchasing insurance for the first time and purchase trends indicate that some are making uninformed choices based solely on the cost of coverage or misperceptions of the risk/benefit aspects of insurance choices.<br /><br />In most cases a high deductible short term medical insurance policy provides a young adult with the best protection at the lowest cost. Most college graduates and other young adults do not benefit financially by purchasing health insurance that covers routine health care like doctors office visits, lab tests and prescription drug costs.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-70590382512667029322008-04-18T07:09:00.000-07:002010-10-08T05:43:26.570-07:00Short term medical insurance in New YorkNew York residents face a triple threat when it comes to short term health insurance. First, the insurance products used in most states that are specifically designed for this purpose are not available in New York. Second, the coverage that is available is slow; often taking at least a month just to get through the manual application process. Third, the coverage is expensive. No pricing discount is recognized for the likelihood that this insurance will not be in force long enough to accrue catastrophic claims.<br /><br />The easiest solution is to buy temporary insurance while staying in another state. Insurance issued in another state is valid in New York and allows treatment with any doctor or hospital in the U.S. There is no requirement that the address on temporary health insurance be your permanent residential address. Some New Yorkers residents purchase health insurance while staying at their out-of-state colleges, while at their second home in another state or while on vacation or visiting relatives. The insurance covers treatment while they are away from home as well as with the doctors and hospitals at home in New York. Almost all short term medical insurance is purchased online and most offer immediate download of the policy and insurance ID cards. Most insurance companies allow you to have the policy mailed back to a New York address if you will be returning from your trip soon.<br /><br />The only other possible alternatives we can offer are:<br />1. Core Health Insurance – a limited benefit policy that does a fairly good job at mimicking the benefits of major medical insurance<br />2. International Medical Insurance - for individuals who are not permanent residents of U.S.<br />3. Inbound Immigrant Insurance – for individuals who have recently moved to the U.S.<br /><br />If none of these options will work then it is especially important to explore all options to keep, extend or convert prior health insurance regardless of the higher cost.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-25799718230249549752008-04-15T05:25:00.000-07:002010-10-08T05:43:26.572-07:00Masschussets learns that "insurance is not health care"A flood of articles in recent weeks discuss the difficulties triggered by Massachusetts' experiment in mandadted health insurance.<br /><br />The Kaiser Founation published an excellent summry report at http://www.kaisernetwork.org/daily_reports/rep_index.cfm?DR_ID=51517 .<br /><br />Several other states including California have declined similar proposals. Pols show that the majority of Americans do not wnt mandated health insuance, yet this provision remains a key provision in Hillary Clinton's campaign platform.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-13886425377841861152008-04-14T12:06:00.000-07:002010-10-08T05:43:26.576-07:00Health insurance in a recessionA new article titled "Health Insurance in a Recession" points out some general strategies that may prevent costly mistakes when making desicions about health insurance in financially difficult times.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1796566702150008543.post-13973455214455631222008-04-08T12:16:00.000-07:002010-10-08T05:43:26.579-07:00Health insurance scams in Maine<img style="float: left; margin: 0pt 10px 10px 0pt; cursor: pointer;" src="http://bp3.blogger.com/_c_s1lM399aw/R_vHAPO2c6I/AAAAAAAAAAM/h2m73GZudDk/s320/Maine.bmp" alt="" id="BLOGGER_PHOTO_ID_5186958202750006178" border="0" /><br /><br /><br /><br />Maine Department of Insurance warns that consumer insurance scams increase during economic downturns. The logo above is designed to help inusrance buyers focus on verifying the legitimacy of dels that seem too good to be true. Consumers are also welcome to use the free independent OnlineAdviser service simply by emailing onlineadviser@medsave.com to verify the legitimacy of any suspected insurance plan. All of the low cost health insurance plans listed at MedSave.com at http://medsave.com/low-cost-health-insurance-listing/me.htm have been verified as legitimate legal plans in Maine.Unknownnoreply@blogger.com0