3) For people with big loans and mortgages, the asset preservation approach of calculating insurance cover is best. This ensures that the taxes and debt arising due to death of insured are easily taken care of while preserving the estate and assets at the current value.The ideal Amount of Life Insurance Policy By: Gopal Agarwal About the Author Insurance policies are the largest largest financial investment planning...more
The idea of health insurance exchanges is to better organize the information out there about health insurance plans, to improve transparency within the health insurance industry, and to set it up in a more competitive market, in order to drive prices down. This would also allow for regulating some policies and procedures for the offering and pricing of health insurance plans. Another main goal of health insurance exchanges is to better educate...more
If you happen to own an auto repair shop or a mechanic's garage, you may have witnessed quite a number of accidents inside your work place. Some of these accidents cannot be avoided, but most of them can be prevented. However, if any eventuality takes place, you have to be prepared to face it. You need to have a mechanics insurance policy to ensure protection from all these accidents. This type of insurance policy will provide cover for a wide range of accidents, including fire and arson. However, the most important component of this policy is the insurance cover for negligence. Mechanics are humans after all and they do make mistakes sometimes. They may accidentally cause a dent in a fender, break an oil seal, or forget to seal a hole in the fuel tank, or even leave a nut loose. These are small mistakes, but they can result in big accidents. Owing to a loose lug nut on the tyre, the vehicle may skid off the road. The vehicle may catch fire if there is a leak in the fuel tank. These accidents can cause damage to the vehicle and there is always a chance that the customer gets injured. A mechanics insurance policy will provide cover in such situations. It will compensate for the...more
Owning a vehicle hire business can prove to be extremely profitable, especially in a city or a major town. People are constantly in need of vehicles to help them move from their workplace to a client's place, to their own houses, and to centres of recreation. If you happen to have some money, and if you are looking for a good business option, a...more
Private hire vehicles are different from taxis and hence call for a specific form of insurance. Taxis with valid licenses are permitted to ply on public highways. Private hire vehicles need to be booked in advance and they ensure that they buy private hire insurance before plying on these highways and roads.Many of them opt to boost their income...more
Private hire vehicles are those that cannot be flagged down and hired on the spot. They must be booked in advance and this can sometimes result in the driver or his vehicle being caught unawares and uninsured. The driver will then need to find coverage for themselves and their vehicle quickly and as affordably as possible. Conversely, if that driver and vehicle choose to pick up any passenger not booked in advance, they can lose the insurance they do have, and maybe their driver's license as well. These private hire vehicles must be maintained in top condition at all times and that includes being fully covered by insurance.Obtaining the correct type of insurance for this particular situation means the business owner must shop around among insurance carriers until they find the most coverage for the best price. Private hire insurance covers many different types of vehicles, including MPV's, minibuses, and ordinary cars. The owner and insurance policyholder, as well as the driver of these private hire vehicles, must meet certain criteria: Coverage must be comprehensive Vehicles are determined to be either for private hire or public hire use only They must have held at least three...more
Insurance coverage offers a wide range of protections for you, your family and your future. Insurance steps in to pay costs for medical bills, auto damages and losses to homes when catastrophes strike. When planning for your financial future,...more
Purchasing life insurance is perhaps not as glamorous as buying any other kind of commodity. However, any financial planner will advise you that it is one of the single most important fiscal decisions you can make. In simplest terms, a life...more
Individual health insurance is a type of coverage you buy, as opposed to the coverage achieved through a program of the employer or the government. It is estimated that about five per cent of the population buys their own health insurance, now more...more
There is a difference between the plans to reduce medical insurance and health care. Health insurance helps defray the cost of routine, preventive medicine and disease or injury costs catastrophic. By contrast, discount medical plans offer...more
In today's world of finance and the rocky unemployment, health insurance is something that many people get rid of saving some dollars. Health cover premiums are costly, but are also quite important. Do you actually think that reducing your cover is...more
Are you concerned about finding a good term life company for your family?There is not one answer to the question that would be accurate for all people. So many factors go into premiums and policies, so that the choice of the best policy or insurer is...more