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Category Archives: Insurance

Safe Trip for Family

Higher buildings, crowded places where people are always walking. As well as the sight of children running around. A typical scenario you could see when you’re on a busy road. However, despite these realities people are never tired of exploring the hidden beauty of the world.

Renting cars and cab are the best options a family who lacks money can probably choose. It is their means of transportation just to experience this so-called vacation. However, for those who are fortunate enough to buy cars easily. Transportation is not their problem anymore.

Through this journey, you sure you and your family is safe? What if something happen? A terrible one. Can you rely on something? Or do you have something to rely on when unpredictable things occur?

Well, you must think twice now before you plan your next vacation. Why? It is because anything, whether it be disastrous or accidental, they can happen faster than you ever thought.

Plan right.

Planning ahead of time before deciding to go on your desired vacation site is a right thing to do. You have all the time to think about the pros and cons regarding this matter. You can get all the means to contemplate about the possible things that are bound to happen during your so-called vacation. Budgeting the money you need is important, right? So plan tightly about this. You know it is quite costly having this moment in life.

Choose the best place.

It doesn’t mean ‘expensive and luxurious places’ when we talk about being at the best place. You must not worry about the place you plan to go through. Money is not the major problem here, although others think it is. Don’t worry if you can’t go on expensive places like other people.

Planning on finding a much cheaper place? That’s okay! The place doesn’t need to be extravagant. You know what the real amazing place is? It is the place where you can get all the peace of mind and relaxing sensation you can. With your happy and contented family at your side. Wherever you are, that place can be then called as the best place in the world.

Auto insurance is a must.

Don’t hesitate to get this insurance. It is not only for you; it is also for your family. Before travelling get this one. Do not stress yourself thinking about the money you are about to spend when getting this. That amount is cheaper compared to the assurance of a safe trip you can get. When bad things happen, the auto insurance with its coverage can help you.

Car Rental Insurance

Getting an insurance for your luxury hired car is not a very complicated task at all. You can purchase it from the car hire companies. Salespersons may push you very hard to purchase various insurance policies. But it is always important to choose the right kind of insurance policy which will secure your rental car and you as well. Here are a few policies that can help you out in your need hours.

Collision Damage Waiver: It can protect your vehicle in case of collision of hire cars. You will be acquitted of the compensation for loss or damage of your vehicle. But the insurance company will not be liable to pay anything for the loss or damage of the hire car in case of theft of vehicles or damages occurred to the rental car, if not covered under this policy.

Liability Insurance: Only the collision occurred between two vehicles is not called an accident. Also, we call it an accident when a vehicle hits a man, an animal, a tree, a building or other things that are owned by someone else. Liability insurance policy can bring you out from these kinds of situations if your hire car makes the loss to someone’s property.

Personal Accident Insurance: Also, security of the lives of the passengers holds a great significance along with the security of the hire cars. Personal Accident Insurance keeps the lives of the passengers and drivers secure and provides compensation for the death of the driver and passengers.

Way To Protect Yourself

Pet Insurance: In the case of a pet insurance, the insurer will pay veterinary expenses if the pet is wounded or suffering from illness. Pet insurance is also validated if the pet gets die, lost or stolen.

Health Insurance: A health insurance is a policy that says the insurer (who sold insurance) will pay a lump sum amount to the insured (who purchased insurance) person if the insured person gets injured by accident or falls sick by a disease.

Travel Insurance: As the name suggests, travel insurance is related to the loss that occurs while traveling. It covers theft of baggage, delayed luggage, personal possessions, emergency emigration, accidental death, etc.

Life insurance: Is a policy which states that the insurer will pay an amount to the nominee or the family of the insured person if the insured person dies. For this, the insured person needs to pay the premiums on a regular basis.

Dental Insurance: It is similar to the health insurance, but the difference is that the insurer will be liable to pay if the insured person finds something unusual in his dental care. Thus, dental insurance benefits in case of sudden dental costs.

Auto Insurance: The insurance which is related to the automobiles is called auto insurance. In this policy, if the vehicle gets damaged due to the accident or other traffic issues then the insurer will have to pay a certain amount to the owner. In the case of a huge damage, some auto companies replace the vehicles totally.

You have to inquire about the eligibility criteria and choose the discounts that apply to you. Also, a few good discount for going through a driver’s training course and other driver learning programs. If you want to reap the benefit of this offer, you just need to go through a certified course and then show the insurer your certificate. This can save you about 10% on premiums, which adds up. Remember that different types of auto models have different auto insurance coverage and rate.

Shop for Earthquake Insurance

mandatory by your state in the event of a loss. This may not be much for a property built within the last 10 years but an old property could have hundreds of required building upgrades.

Ask for multiple deductible options. The deductible your quotes have will drastically affect your annual premium. Ask your insurance broker to provide quotes with deductibles starting at 5% going up to 25%. The higher your deductible the lower your premium will be, it should be a reasonable amount you can come up with in the event of a loss.

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

Go For Two Wheeler Insurance

The question that arises is why to buy it? Below is the list of features and benefits that may help you in deciding.

  • Stress-free inspection & cashless claim service
  • Offer coverage on partial or total loss to your vehicle that occur because of an accident or theft.
  • Provide coverage on third party damage and third party bodily injury.
  • You may get attractive discounts on renewal (NCB) for a claimless year.
  • Predefined reduction for the parts that requires replacement.
  • Vehicle transport to the nearest garage in case of major breakdown.
  • Lost key assistance
  • Add on coverage as well

Need of Insurance

It offers financial coverage for any type of damages or loss that occurs because of natural calamities such as fire, flood, etc.

  • Coverage against man-made calamities as well that includes theft or accident by external means etc.
  • The third party legal liability offers coverage against issues arising out of injury/death or property damage to the third party by your vehicle.

Before purchasing two wheeler insurance for your bike, scooty, scooter or any other two wheeler, it is essential to know the basic terminology of the same.

Premium

The premium you paid for insurance depends upon several factors such as city where the vehicle got registered, model, age of vehicle, year of manufacture, etc. Premium is decided and regulated by IRDA hence there is not much difference across several companies.

Coverage

It is the financial protection that the insurer offers to you and your two wheeler against any damage and loss caused due to any natural and/or man made calamity. Coverage depends upon the insurer and the plan chosen. That’s why it is advisable to buy two wheeler insurance online after comparison.

Exclusions

While purchasing the best two wheeler insurance, you must check its exclusions as it will tell you about situations where the insurer will not be able to offer coverage and required assistance.

Some exclusions will be- normal wear and tear, damage due to drunken driving, driving without license, damage caused by war or nuclear explosions, etc.

Ensure Travel Insurance Claims Approval

First, the good news: according to the most recent statistics, only about 2% to 3% of claims are denied every year. So, chances are, you will most likely be able to claim your losses and expenses and, one hopes, claim them fully. Still, there is that 2% to 3% chance that you won’t. If you need to make claims for substantial amounts, especially if it involves continuing medical care, this can be a big problem, and worse, wipe you out in terms of finances.

How can you increase your chances of making sure your claim is approved, preferably in its entirety? Let us examine the reasons they get disapproved and what you can do to ensure it isn’t something that will happen to you.

Make sure all the information on all your forms is correct and complete

Inaccurate information – a wrong year of birth, even a missing middle initial – can cause problems when it comes to making claims on your single trip travel insurance. But nothing can cause more problems than not fully disclosing health issues with the insurer.

For instance, if you have a pre-existing condition, such as hypertension or a heart condition that was not disclosed, you may not be able to claim emergency medical expenses on your trip – even if that was for a sudden bout of stomach flu.

Always check the inclusions on your policy

Another one of the most common reasons for denial of claims, whether it’s for single trip travel insurance or annual cover, is that simply, the expenses being claimed are for events that aren’t covered. The time to check what’s included in your coverage is before you need it, so always make sure you read your policy carefully before signing. If you’re getting it through a travel agent, make sure it is sufficiently explained, and if you’re getting it online, be sure to read through it carefully. Make comparisons before you buy, and remember, the least expensive isn’t always the best option.

Always get pre-approval prior to medical treatment

One of the most important things to remember is the assistance phone number for your insurers. This is often a toll-free number marked in big bold type on the envelope your policy is in- some even provide bookmarks and stickers you can put alongside your tickets so you can find them easily. Should you need to get medical treatment or service, this is the number to call so you can be directed to a pre-approved facility or doctor. You’ll then be assured of easy reimbursement- or in some cases, not need to outlay any cash.

Reduce Bike Insurance Premium

Choose Your Bike Well

Yes, more exotic bikes or the ones with bigger engines definitely will cost more. Also, the unusual or modified bikes are considered to be more expensive when it comes to the repairs and replacement of their spare parts. So, it would be wiser to go for an entry-level motorcycle with a smaller engine. This would attract lower premiums accordingly.

Maintain A Clean Driving Record as A Rider

The insurance company may look at your record for any tickets or accidents. So, if you have more experience as a rider, the less risky you will seem in the eyes of the insurer. This will help you in fetching the best possible premium. Driving safely will help keep your claims low. Which correspondingly would add the benefit of No-claim Bonus to your premium.

Besides a clean driving record, the insurance company also looks at your riding time and experience. That is, how long have you been riding motorcycles and what experience do you have with a specific motorcycle to be insured. The more experienced you are as a driver, lower would be the risk and the cost of premium accordingly.

Avoid Making Small Claims

If you haven’t made any claim in a defined period of time, you are awarded a No Claim Bonus and discounts by the insurer. So, if you make a claim for small damages, you are bound to lose out on the no-claim discount for that particular year.

Vehicle Insurance Coverage

Vehicle Liability Insurance

This basic type of car insurance covers you or another insured driver on your policy, in case an at-fault vehicle accident occurs, this will compensate for the cost or the bodily injuries and the repairs of the car of the third party. Individuals who usually obtain this form of coverage are on a tight budget and minimal assets.

In the event a fatal accident occurs, leading to severe damage, the chances are that the insurance claim will far exceed your policy. Hence the need for an extensive coverage as your assets increases.

Collision Insurance

This form of coverage pays for the damages sustained by your car as a result of a vehicle-related accident, regardless of who is at-fault. So, this policy covers you when you collide with another vehicle or your car gets damaged by some other elements different from colliding with another vehicle. Several scenarios may cause damage to your vehicle that is not resulting from an accident with another automobile and of which may require that you file a claim.

Such scenarios involve colliding with a pole, losing control of the wheels and running into a guard rail. Also, remember that a collision insurance covers only your damaged car and not liable for the third party’s damaged car or property. Liability insurance for damaged property would be responsible for the damaged properties of a third party.

Comprehensive Auto Insurance

This form of insurance offers you a critical cover that keeps your mind at rest. Comprehensive insurance will also protect you against damages not caused to your car by a vehicular crash, but by other causes like fire, water, or in the event your vehicle gets stolen.

A comprehensive cover is best if you reside in an area with high crime rate, where there is a high possibility of your car getting stolen.

Uninsured Motorist

In recent times, auto insurance rates have skyrocketed which makes a lot of people to take the risk of moving around without any vehicle coverage. Now, you could easily guess what would be the outcome in the event an uninsured driver damaged your car; could you afford the cost of replacement? Assuming you recently completed the payment for the vehicle, after six years of committed payment.

It is smarter to increase your premiums slightly and obtain an uninsured motorist protection. This insurance covers you, your passengers, and your car, in case you get hit by a motorist who is under-insured or uninsured. You may either get a UMPD or uninsured-underinsured motorist protection damage or collision deductible waiver (CDW). People with a liability are often the buyers of UMPD; they often ignore the comprehensive or collision policy.

Telematics Insurance

It is essentially a type of mini computer in your car which tells the insurer all about your movements. It is a small device, the size of a cigarette packet and often a small plain black box – hence the common name for such policies being black box insurance. If you are familiar with sat navs, it is essentially the same thing but without the screen. Just like a sat nav, it sends a signal up onto a satellite but instead of bouncing back to plot your position on a map it simply stores the information on the Insurance company’s central database.

Just like the sat nav technology it can plot your position, at any given time, amazingly accurately to five square metres or so. Since the signals are being beamed continuously, the computer can track not just your position but your speed too. This means it can actually calculate your road position, acceleration and braking as well and plot that on a road map, comparing it to the speed restrictions in place.

One of the problems with motor insurance is that drivers tend to get lumped together in groups and labelled. This is fine if it is a ‘positive’ label such as middle-aged and experienced but annoying and, more to the point, expensive if you are a ‘good’ driver but bundled into a group which has a poor reputation. For example young drivers (18-21); night club doormen and comedians (who often drive late at night) or previously convicted drivers.

By choosing to have a telematics insurance policy you are immediately suggesting that you are a responsible driver because you are happy for your driving habits to be monitored. This is why black box insurance quotations tend to attract a discount against comparable policies. Direct Line recently stated that discounts of up to 40% can be earned.

Polices vary in how they work but all work on a similar principle in that they reward responsible driving habits. If you know you are a sensible or experienced driver why should you worry if a computer is tracking your movements? Likewise if you are a law abiding citizen do you really care if the computer tracks you to the staff or station car park, or the local supermarket? It may be different if you are a drug dealer or sleazy politician but most people are not.

One thing that also happens is that drivers ensure they drive more correctly because they know someone is watching them. It is a bit like drivers slowing down when they see speed cameras. If the driver is aware that their actions are being monitored they tend to act a little more judiciously which is a benefit to everyone.

An unrelated benefit is that the black box acts like a tracker device and can provide the insurance company and / or police the exact position of your vehicle should it be stolen.

The main objection to such polices are that this is Big Brother personified. This means that ‘The Man’ can see where you are (well at least where your car is) at any given moment. Your privacy is invaded. Consumer action groups rightly protest about privacy concerns, particularly about who can access such personal data but they cannot hold back the proverbial approaching storm.

The other major problem is that should you breach the various driving parameters imposed by the insurer you will be penalised. This may be a simple as breaching a mileage limitation or it could be because the computer has calculated that you are regularly speeding. It is also fair to say the various telematics insurance providers have a different methodology for fines or penalties which can be very confusing when one is trying to compare policies.

Successful Sales Agent

1) An unwavering commitment to being the best – you have to see yourself as a professional. That means that you must embrace the concept of being a sales professional. You must believe in the company you work for. And you must believe in the products you provide.

2) The early bird gets the worm – we need to start our day off early. That means we need to get up and prepare ourselves each morning. Some do that through prayer. Some through meditation. We need to enter the day with mental preparation working to our benefit. The first 15 or 30 minutes you spend in mental preparation will result in increased sales and more money in your pocket.

3) Read, read and read some more – there is a lot of information on sales that can be derived from reading. Some of the greatest ideas on motivation have been revealed to the world through books ( Success System That Never Fails, Think and Grow Rich, Seven Habits of Highly Successful People and Rich Dad, Poor Dad) titles that have impacted millions for the better. If you want to become a person who makes a difference you need to add to your knowledge. Applied knowledge will result in power for your sales career.