Europe Visitor Insurance for the travellers Travel enthusiasts enjoy travelling to the European countries during any season. European countries are beautiful and travellers will enjoy their stay for any number of days. While residing in a foreign court for a short period, travellers cannot expect the domestic health insurance coverage of that nation. Foreign nationals in Europe should buy medical insurance plans from private insurance...more
The Basics of a Property Insurance Policy The insuring clause may state that the policy will cover all risk of physical loss or damage (or both) in respect of property identified in the policy, although many policies may simply state that the policy covers loss and damage to the property without identifying types of properly but thereafter excluding certain classes of property. Another phrase common in the London market is "damaged or...more
Insurance - Waiver Or Affirmation? The only remedy available to the insurer in the event of material non-disclosure or misrepresentation is the avoidance of the policy of insurance. It must then return the premium to the assured and parties will be returned to the status quo. Frequently, the insurer or its solicitors will write to the assured and state in simple terms that the contract of insurance is avoided and will then list the grounds on which the avoidance is based.The contract is not void in itself; the option is available to the insurer as to whether or not he avoids the contract. Such avoidance, is, therefore, similar to contractual rescission, differing only in that the parties to an avoided insurance contract are returned to the pre-contractual position whereas in contractual rescission the duties and obligations of the contracting parties only cease after the date of rescission.As the insurer has the option to avoid the contract, if it takes a step which is inconsistent with avoidance after it is fully aware of the misrepresentation or the fact of the non-disclosure it will be said to have affirmed the contract and waived its right to avoid.The essence of waiver...more
Authorisation of the Insurer in the United Kingdom An insurance company carrying on the business of insurance in the United Kingdom must be authorised by the Department of Trade and Industry under Sections 2 and 3 of the Insurance Companies Act 1982 ("the Act") and the Insurance Companies Regulations (1981). "Carrying on insurance business"...more
Medigap Insurance Plans - What Do They Cover? There are several Medigap plans that cover a variety of aspects. They are lettered A by means of L. Medigap plan A covers hospital coinsurance. This is for days 61-90 as well as days 91-150 in the hospital. It also covers part B coinsurance, such as doctor's services, laboratory and x-ray...more
Is Long Term Care Insurance a Good Idea? Long term care insurance has risen to fame as more and more American seniors are getting their nerves on the escalating long term care costs. In 2010, the Genworth Financial conducted a survey on the costs of institutional services throughout United States, the results show that the average annual cost for nursing home care is roughly $79,000 and will surely increase in few years. This can adversely affect millions of American seniors and their families with few resources and count on Medicaid for help. Self insuring is unsound because the crippling costs of care can wipe out your assets. Long term care insurance pays for skilled care either in your home or in a facility and, at the same time, protects your finances from inadvertent expenditures. Even if you are reasonably healthy today, it does not guarantee that you will not need any formal care in the future; thus, buying an LTCi will help uphold the dignity you deserve during those arduous years. Who Needs LTCi? Insurance companies encourage individuals from purchasing private LTC insurance to protect themselves from unlikely sickness or impairment that may ruin their finances...more
Things You Should Not Overlook In Buying Long Term Care Insurance Long term care insurance is indeed one of the most important investments we need today, especially in the future. The current costs of long term care facilities and services are...more
Comparing Long Term Care Insurance Policies We've heard it many times and agree that long term care insurance is important but, admittedly, we find it difficult to decide and plan on this. Most companies will offer list of confusing and...more
A third type of HGV insurance known as the haulage exchange policy The number of accidents involving HGV or heavy goods vehicles has risen, particularly on days where rain and fog makes visibility and driving an issue for drivers. HGV...more
Getting Term Life Insurance simpler for you Are you in need of a simple Life insurance policy that costs you less? If financial coverage after death is your primary objective, term life insurance is the right solution for you. However,...more
When you look to obtain a business insurance quote you will either be asked to declare certain information or complete a proposal form. This information will be used to provide you with a quotation and should you choose to accept the quote and incept...more
There are many cheap HGV insurance quotes There has been a rise in the number of accidents involving HGV or heavy goods vehicles, many of which have occurred on days when it has been rainy or foggy. HGV insurance is therefore essential for...more