Insurance Info

Whether you received a DUI driving a car or motorcycle, operating a boat or jet ski, or some other vehicle, the requirements to reinstate your license are going to include proof of liability insurance. Even if a DUI was received while riding your bicycle, or as a passenger in a car, which really does happen, the consequences are still the same. Insurance requirements to reinstate license are a minimum of $100,000 per person, $300,000 per accident for Bodily Injury Liability and $50,000 for Property Damage Liability (100/300/50). Unless this type of coverage was in effect, on a valid policy at the time of DUI, a Florida FR44 filing to the Bureau of Financial Responsibility will need to be included in a new policy for insurance. A new policy does not necessarily mean a new car insurance policy. No matter what you were driving or doing to receive a DUI, you […]

Health insurance providers and pre existing conditions are a volatile combination. Pre existing conditions are health issues that were known of prior to seeking a health insurance policy, such as diabetes, cancer, pregnancy, depression, obesity and more. Having such a condition means that you may be refused coverage. Disclosure of these conditions enables providers to limit the risks they take on. However, if you have an issue in your medical history, you have no choice but to disclose it, as companies do their research too and non-disclosure could result in cancellation of a policy. However, there are ways to get coverage despite having a pre existing condition. Insurance providers often take on individuals with known medical conditions but put a waiting period in place before they start paying for medical expenses associated with the disease or situation. This allows the person who would otherwise by refused coverage to get coverage. […]

Health insurance policies differ from country to country. Many affordable health insurance companies in the U.S. are very competitive, and this competition is beneficial for consumers. For selecting an affordable health insurance plan, you can rely on online quotes that are easy and fast. Privacy is the major issue for many consumers who prefer affordable health insurance quotes online. Most online insurance quote websites in the U.S. provide links to others, thereby hampering your privacy. Ensure that the personal information requested online by a health insurance company is used only to determine the customer?s benefits and options. Most health insurance plans available in the U.S. are designed for individuals and families currently residing in America. Green card, H1, H4, F1 and F2 visa holders are also eligible for U.S. health insurance plans at affordable rates. The maximum limit of a U.S. health insurance policy is $8 million. The coverage options […]

INTRODUCTION The word “Fear” has only four alphabets like love but both of them have very different e meaning. Whatever man (malor female) does for the love of their families always starts with the background of fear. Generally so many times we have been asking our selves that, what will happen if we were not there, but we keep on asking rather then doing something for it. Time is precious, it never stops for any one and we are living in the world of uncertainty; the uncertainty of job, the uncertainty of money, the uncertainty of property and like this the story goes continuous for the whole life of a man. A thriving insurance sector is of vital importance to every modern economy. Firstly because it encourages the habit of saving, secondly because it provides a safety net to rural and urban enterprises and productive individuals. And perhaps most importantly […]

Life insurance fraud is a black eye on both life insurance companies and life insurance customers. Both parties have been guilty of life insurance fraud and will be again–especially since, sadly, fraud seems to be on the rise according to most statistical measures. Research by the non-profit The Coalition Against Insurance Fraud concludes that life insurance fraud committed by all parties costs an average household $1650 per year and increases life insurance premiums by 25%. Life insurers are most often guilty of insurance fraud in the form of their agents doing “churning”. This is where the agent seeks to cancel your existing life insurance policy and replace it with a new policy that is paid for by the “juice”, or cash value, in your existing policy. Agents do this to earn more commissions for themselves without having to seek new prospects for business. Churning can result in increased premiums for […]

Insuring your business is very essential, especially when your business involves lots and lots of risk factors. These policies not only cover you from such hindrances but also gifts you a peaceful life. Whatever be the size of your business, policy coverage is highly essential. There are several professionals in the market, who can help you choose the best policy for your company. If your business is a small one, go for an agent. But if it is a big one consider hiring an insurance broker. Comparing Sites Does Not Prove Beneficial Every Time: There are many people who depend on the internet for selecting the cheapest business insurance policy. But this does not prove beneficial all the time. Comparing various sites for getting the most affordable policies may not always give you the best results. Hence, it is always better to take help of the broker who is highly […]

Construction involves large number of manpower and huge investments of money. The workers at a construction site risk their lives working at great heights, with dangerous tools, toxic materials, heavy equipment, under tunnels, etc. Hence, construction is associated with high amount of risk for money and lives. A slight negligence or bad fortune on part of the worker or owner may prove too costly. It may lead to a huge financial loss. These unfortunate events require tools, which can bail the company out of the situation. Here arises the need of ‘Construction Insurance’, the risk management tool, customised specifically for the construction industry. Construction insurance is like any other insurance, which is used to protect the various parties associated with construction process. A comprehensive construction insurance policy covers all the expenses that may occur due to property damage or personal injuries at the construction site. This insurance not only includes […]

Your dwelling is often your most precious asset that you need to protect. We created a list of all savings opportunities associated with Home insurance. This list is the most complete perspective on home insurance savings tips. Numerous insurance brokers contributed to this list. So, let’s start! 1. Change your content coverage: Renting a Condo? You can often lower your content coverage. No need to insure your belongings to up to $250,000 if you only have a laptop and some IKEA furniture! 2. Renovations: Renovating your house can result in lower home insurance premiums, as home insurance premiums for older, poorly maintained dwellings are usually higher. Additionally, renovating only parts of your dwelling (e.g. the roof) can lead to insurance savings. 3. Pool: Adding a swimming pool to your house will likely lead to an increase in your insurance rates since your liability ( e.g. the risk of someone drowning) […]

Over the past 20 years, many small businesses have begun to insure their own risks through a product called “Captive Insurance.” Small captives (also known as single-parent captives) are insurance companies established by the owners of closely held businesses looking to insure risks that are either too costly or too difficult to insure through the traditional insurance marketplace. Brad Barros, an expert in the field of captive insurance, explains how “all captives are treated as corporations and must be managed in a method consistent with rules established with both the IRS and the appropriate insurance regulator.” According to Barros, often single parent captives are owned by a trust, partnership or other structure established by the premium payer or his family. When properly designed and administered, a business can make tax-deductible premium payments to their related-party insurance company. Depending on circumstances, underwriting profits, if any, can be paid out to the […]

Introduction Insurance solutions for businesses operating in the Marine Leisure Sector have been slow to evolve compared to other sectors. Until relatively recently, a boatyard owner could find him/herself having to source a suite of insurance products to cover buildings, contents, financial risks, vessels, pontoons and indemnity against a range of legal liabilities. Whilst the first Marine Traders “Combined” policy that provided cover for all these risks appeared in the late 1990s, the market did not rush to embrace the new paradigm. Some significant providers of insurance in this Sector did not release a “Combined” solution until as late as 2007 and others still only offer stand-alone covers. Advantages of Combined Insurance Policies There are numerous advantages to business owners of having a single insurance policy that combines cover in respect of the majority of their needs. First and foremost it streamlines administrative processes by reducing documentation considerably, thus saving […]