We may find writing an insurance check every month as stupid for various insurances like shop insurance, auto insurance, liability insurance, Landlords insurance and property insurance and so on. We may also feel our selves to be fool by investing in these insurances, our hard earned money especially when are lives are moving on so smoothly. But it's the unpredictability of any accident or any untoward incident which you can never be sure of and...more
The existence of risk creates the need, or at least the desire, for insurance. So what is insurance? Insurance is a legal and contractual arrangement for risk sharing, the spreading of risk among people who share a common potential for financial loss. The insurance contract is heavily regulated by state laws because of public policy considerations. Of special concern are the requirements of offer and acceptance and the requirement of an insurable...more
Risk cannot be totally avoided. Automobile accidents occur with alarming regularity, normally causing substantial property damage to at least one automobile and frequently to more. The most common form of risk sharing is through insurance. Basically, people who share a common risk contribute to a fund set up to cover the losses that will be felt if the common risk occurs. Any member of the group who suffers a loss due to the occurrence of the common risk can withdraw money from the fund to cover the loss.Although people can form their own insurance group, most would rather deal with a company established for the express purpose of providing insurance protection. And since the insurance company is an expert in the field, it can establish standards that help minimize the risk faced by members of the covered group.Under property and liability insurance policies, the purchaser must have an insurable interest at two distinct times: when the policy is purchased and when the loss occurs. The requirements for an insurable interest in life insurance are slightly different from those for property and general liability insurance. Insurance companies require certain warranties as a condition...more
Automobile insurance may be the most widely owned type of insurance in the United States. Nearly every driver has an insurance coverage for times when the driver is operating an automobile, either in his or her own name or on the policy of another person, such as a parent or an employer. State statutes require that a driver either have liability...more
Liability and property coverage provides for protection from the other guy in the accident, but it does nothing for the driver or the damaged auto. For this reason, many people add at least a collision clause and often elect a comprehensive clause as well. Collision coverage provides for insurance coverage on the drivers car in the event of an...more
Passengers were stranded in Canada and the Bahamas when they were mid cruise last September and their cruise liner company went out of business without warning.When a cruise liner goes belly up, not only are passengers out of luck they are also out of money. 1.5 million dollars was the amount of insurance settlements that resulted from this occurrence as recalled by a third party to the insurance brokers. It was possible for passengers with insurance policies directly availed of from the cruise liner itself to receive no settlement payment at the time of the incident.There are a lot of things that can result in travel plans going South and some of the possible scenarios that may suffice include illnesses and missed flights.Instances like a sudden change of climate can lead to a trip not going as planned where travelers can easily lose the investment they made in the trip. Travel insurance exists to serve the purpose of assisting a traveler by being inclusive of accident and sickness insurance, flight insurance, and financial protection.Medical evacuation and insurance for bags will also be covered by the policy. There are various options for insurance which can be made to suit...more
Finding affordable car insurance is very important in both the cases whether you are searching insurance policies for your new car or you are trying to find out a good company so that you can switch from the previous company. There are many expanses...more
When you are traveling, it is better that you do all the planning from beforehand so that you do not have to worry about it while you are on your trip. One of the biggest problems that people generally worry about is financial losses. When you are...more
The economy and family budgets have been taking a beating since 2008 during this latest recession. During these difficult financial times, families are cutting back their expenses, even before layoffs, in order to keep a balanced budget....more
Purchasing auto insurance policy online is one of the easiest ways to buy the auto insurance now a day. Various websites offered by different auto insurance company will provide all the information about the auto insurance policy such as quotes and...more
Medicare supplement insurance policy benefits By: William Richards About the Author Best Medigap insurance, Medigap insurance plans and Medigap Health Insurance Plans available here. (ArticlesBase SC #3052225) ...more
The car is probably the most desirable asset for today's man. with the passage of time the number of people relying on to the auto vehicles has always increased. In fact one can say that with the passage of time the number of people relying on to the...more