A vehicle insurance policy is an important cover to invest in for every car owner. This is why the competition in the market is so fierce. The ample choice consumers have today amongst the vying providers is enough to confuse them to buy car insurance that does not completely meet their needs. As there are several things you need to do when deciding on a motor insurance, there are a few things that you should not do. Heres the list Dont be...more
On March 12, 2012, the U.S. Department of Health and Human Services (HHS) released its final rule on the state-based exchanges that are scheduled to launch on January 1, 2014. In this final rule, the Obama administration allows greater flexibility to states in their state exchange implementation & foresees increased participation of brokers & agents in the state exchanges. Health insurance brokers & agents are likely to actively participate and...more
The whole of the insurance industry is build on the concept of covering the risks of loss of life or loss or damage of an object related to the person taking up the insurance. Insurance though in real senses has nothing to do with the complete elimination of the risks as the risks could never be eliminated being a part of the inevitable truth of life. All that an insurance policy is capable of doing is indemnifying the person of the financial losses. The law of indemnity in insurance makes sure that the person who bears the loss is indemnified or is put back in the exact financial position that the person was in before the loss occurred. Now, this means insurance, be it health insurance, house insurance, life insurance or income protection insurance, the whole concept is based on the risk management which is used to hedge or take a countervailing action against the uncertain risks of excessive losses. Insurance being a legal contract between the insurer and the company is a form of legal document which carries a lot of formalities to be covered, which on the part of a layman gets a little difficult to go through unassisted. The concept of insurance broker comes into picture at this...more
If you're a property manager then understanding all the crucial aspects of insurance plan is important because a really good policy always saves you and provides you satisfaction. Problems can take place anytime so you must take the correct step to secure yourself.If you possess a residential property as well as your residential property is leased...more
Many property owners frequently worry about the insurance plans for their tenanted residential properties but they fail to consider vacant building insurance. Ordinary insurance policies help them guarantee that their earnings producing properties are protected against circumstances like fires, residential property damage or injuries that could...more
After paying a couple of premiums if the insured realizes that the insurance policy isnt serving the purpose, theres nothing one can do about it. If they want to cancel the policy before the term is complete, it is a huge loss for the insured as they would lose the entire amount.It is important to understand the norms of the insurance chosen before going ahead with it. Again the amounts for the insurance varies from each person so do not get boggled by what the agent says. One can even check online forums where discussions are held on the beneficial insurance policies and choice can be made thereafter. Before buying an insurance policy, the insured should ensure they know the purpose of the insurance. For example, life insurance is a requisite but the amount to be insured to be decided on wisely. Too much payment would not be helpful either. One more important thing to note is that insurance is not a form of investment.It is better to let go of the policy if it does not meeting the requirements. Instead of paying high premiums each month, it is better to close the insurance policy. This will anyways make the person lose the money insured, however at least the high premiums can be...more
If you made the mistake of driving while intoxicated, the aftermath of a DUI can be devastating. You may not know where to turn, what type of legal issues that you will have to deal with, and how it will affect your car insurance over the long...more
In your 30s, you're just starting out. You may have recently gotten married, bought your first house, and had a new baby. Congratulations! Since everything is going so well, is this really the right time to plan for the worst by investing in a life...more
Physicians can rest assured, knowing that they will be in demand for the long term: At some point in the past year, the Centers for Disease Control reported that more than 92% of children in the U.S. saw a healthcare professional, with adults a close...more
Are you thinking about switching to an MGA but can't decide what the real benefits are? Can't decide whether or not to become an independent broker without the constricting ties of an insurance company? Although it may seem overwhelming, it doesn't...more
In my knowledge whenever serving customers, among the first queries people inquire about life insurance is, what is the distinction between term vs. permanent insurance? Now, in fact the question doesnt normally sound exactly the same. Individuals...more
It is yet another busy day at your practice. Your staff is engaged in the many tasks that demand immediate attention. The phones are ringing with anxious patients at the other end desperate for an appointment. At times like these, your staff may not...more