In life, it's impossible to know what's ahead. However, that doesn't mean you can't prepare yourself for certain events. While natural disasters and car accidents can't be predicted, you can get insurance to protect you should they ever affect you. Whether you want to protect your home, your automobile, or your health and well-being, there are plans to help you take life's challenges in stride.
Home insurance protects those who invest a great deal of money in their properties. Few investments are larger than a home, and any damages a residence incurs can seriously impact its value. Fortunately, it's possible to protect yourself from losing a great deal should anything catastrophic ever occur. You can protect yourself from flooding that occurs from natural and man-made disasters. You can also protect yourself from fire. In addition, homeowners can secure plans that protect them should a tree fall on their home or any other instance where massive amounts of damage occur.
Auto insurance is required to drive a vehicle. While every effort can be made to increase safety on roadways, it's still somewhat common for accidents to occur. This is why it's required by law to have a policy in place for you and your vehicle. Some people want the most affordable policy out there, and plan on being extra careful to ensure no accidents occur. Others want a plan that will offer a great deal of protection if they get in a wreck.
The law also now requires health insurance. Medical emergencies in particular can be quite expensive, and it can be difficult for most people to pay large hospital bills when they have an emergency. Fortunately, a health plan can make it so the insurer will pay for a considerable portion of any medical services. With the passage of the Affordable Care Act, insurers are now unable to refuse a person coverage if they have a preexisting condition. This is great news for those who suffer from a disease that requires them to need medical treatment on a regular basis.
While paying for insurance may seem like a big investment, it's not when you consider the alternative. You can hope you'll never experience anything as catastrophic as a flood or a serious injury, but you can never rule out the possibility. As a result, you should do what you can to protect what you care about the most. Some people get all their property insured, while others only get the policies they're legally required to hold. Find an agent and provider that will help you determine the types of coverage you need. A good agent will be willing to work with you when things are in order and when you need to file a claim.
Rabu, 25 Maret 2015
Flood Insurance Fallacies
What happens when your home is inundated with water? Is this disaster covered by your standard homeowner's policy? Unfortunately, the answer is no. Damage caused to your home by flooding waters is not covered anywhere in your basic homeowner's policy. Unfortunately, many people learn that this statement is untrue when it is too late.
Having flood insurance is the only way to be somewhat safe when it comes to your home protecting your home from water damage. Across the United States, only about 20% of the homes that are at risk for flooding are covered by some type of flood insurance. Most major private coverage providers do not want to insure people against flooding because of adverse selection. This means that the number of people who are making claims against flooding damage is greater than the number of people who want to protect their homes from the possibility of flood damage, so private insurers see this as something that will not bring them any profit.
However, in certain flood prone areas, the government requires that flood insurance be purchased in order to secure mortgage loans from federally accredited agencies. This coverage does not go into effect until thirty days after the policy has been purchased, unless the person lives in a floodplain. This purchase of flood coverage, provided by the government, went into effect in 1968 under the National Flood Insurance Program. Many people have criticized this program because it helps people rebuild in areas that are vulnerable to flooding, without any of their premiums ever going up. Homes and areas that were flooded over twenty times are still able to be covered without the threat of rising premiums.
Flooding is defined as inundation of an area of two or more acres, or two or more properties that are usually dry land. Flooding can be brought on by hurricanes, earthquakes, tornados, levee breaches, and other natural disasters. Unfortunately, if flooding occurs due to an earthquake, the damage from flooding is not covered by the earthquake insurance. Flood damage is not covered under any other type of policy a homeowner could hold.
In the United Kingdom people who are living in a flood prone area are supposed to flood proof their homes, or they risk facing much higher coverage premiums. In Canada, no flooding coverage even exists.
Flood coverage is an argument that has been fought about for decades, but until you live in an area that is threatened by flooding, a person will never understand how important it is to have the government's support behind the coverage
Having flood insurance is the only way to be somewhat safe when it comes to your home protecting your home from water damage. Across the United States, only about 20% of the homes that are at risk for flooding are covered by some type of flood insurance. Most major private coverage providers do not want to insure people against flooding because of adverse selection. This means that the number of people who are making claims against flooding damage is greater than the number of people who want to protect their homes from the possibility of flood damage, so private insurers see this as something that will not bring them any profit.
However, in certain flood prone areas, the government requires that flood insurance be purchased in order to secure mortgage loans from federally accredited agencies. This coverage does not go into effect until thirty days after the policy has been purchased, unless the person lives in a floodplain. This purchase of flood coverage, provided by the government, went into effect in 1968 under the National Flood Insurance Program. Many people have criticized this program because it helps people rebuild in areas that are vulnerable to flooding, without any of their premiums ever going up. Homes and areas that were flooded over twenty times are still able to be covered without the threat of rising premiums.
Flooding is defined as inundation of an area of two or more acres, or two or more properties that are usually dry land. Flooding can be brought on by hurricanes, earthquakes, tornados, levee breaches, and other natural disasters. Unfortunately, if flooding occurs due to an earthquake, the damage from flooding is not covered by the earthquake insurance. Flood damage is not covered under any other type of policy a homeowner could hold.
In the United Kingdom people who are living in a flood prone area are supposed to flood proof their homes, or they risk facing much higher coverage premiums. In Canada, no flooding coverage even exists.
Flood coverage is an argument that has been fought about for decades, but until you live in an area that is threatened by flooding, a person will never understand how important it is to have the government's support behind the coverage
Keep Your Business Protected With Van Insurance
Plumbers, electricians, carpenters and many more businesses rely on their vehicles to get them to and from customers to carry out work on-site. This means that their vehicle is probably the most important asset of their business, providing them with transport and a place to keep tools and equipment.
The best van insurance will keep your business safe as you travel on the road to and from clients on a daily basis. Of course in order to drive on the road you need a driving license and adequate cover to be completely legal, so having protection in cover is a must have product.
The first thing you want to ensure is protected is the vehicle. When choosing cover, whether approaching a broker directly or using an online application, you will have to select from three options.
The first of these options is third party cover. This protects you in the event of an accident. Though it only protects third party vehicles and does not protect your vehicle in any way. This is the most basic cover available.
Then there is the third party, fire and theft cover. This is the same as third party with the addition of protecting your vehicle against theft and fire. Again, if you are involved in an accident, this level of cover will not protect your vehicle, which means any repairs or replacement is to be paid for out of your own wallet.
The best van insurance is comprehensive cover. This level of cover protects you in the event of an accident by cover your vehicle and any third party vehicles or property. It also covers you against fire and theft and is the highest level of cover available, saving you money in the long run.
Because you will carry your tools and equipment with you at all times, you want to ensure these are protected should they be damaged during an accident or stolen while you sit with a customer providing them with a quote for work.
Replacing your tools can be an expensive exercise if you don't have the right level of cover in place. In the event your vehicle is broken into and your tools are stolen, you can have the repairs to the vehicle and tools replaced with one quick and easy phone call and a fast claims process.
When looking for the best van insurance you want to find out about your excess options. Some companies will allow you to pay what is called "voluntary excess." This enables you to pay a lower premium amount and a higher excess amount should you ever need to claim. This is ideal for companies that haven't claimed for many years but still require a good level of cover to keep them protected on a daily basis.
There are other ways to keep your premium down. If you aren't the only driver for the business that uses the vehicle, ensure all drivers are over twenty five and have clean driving licenses. Younger drivers are considered a risk to insurers as they are more likely to have an accident. This also applies to drivers with convictions and penalty points on their licenses. So keep it clean and older and you can enjoy more affordable premiums.
Ask the insurer if they will take your no claims into consideration. If you have had a private auto policy for years and have built up years of no claims, they may take this into consideration when providing you with a quote, as you are seen as a safe risk to their business.
The best van insurance will keep your business safe as you travel on the road to and from clients on a daily basis. Of course in order to drive on the road you need a driving license and adequate cover to be completely legal, so having protection in cover is a must have product.
The first thing you want to ensure is protected is the vehicle. When choosing cover, whether approaching a broker directly or using an online application, you will have to select from three options.
The first of these options is third party cover. This protects you in the event of an accident. Though it only protects third party vehicles and does not protect your vehicle in any way. This is the most basic cover available.
Then there is the third party, fire and theft cover. This is the same as third party with the addition of protecting your vehicle against theft and fire. Again, if you are involved in an accident, this level of cover will not protect your vehicle, which means any repairs or replacement is to be paid for out of your own wallet.
The best van insurance is comprehensive cover. This level of cover protects you in the event of an accident by cover your vehicle and any third party vehicles or property. It also covers you against fire and theft and is the highest level of cover available, saving you money in the long run.
Because you will carry your tools and equipment with you at all times, you want to ensure these are protected should they be damaged during an accident or stolen while you sit with a customer providing them with a quote for work.
Replacing your tools can be an expensive exercise if you don't have the right level of cover in place. In the event your vehicle is broken into and your tools are stolen, you can have the repairs to the vehicle and tools replaced with one quick and easy phone call and a fast claims process.
When looking for the best van insurance you want to find out about your excess options. Some companies will allow you to pay what is called "voluntary excess." This enables you to pay a lower premium amount and a higher excess amount should you ever need to claim. This is ideal for companies that haven't claimed for many years but still require a good level of cover to keep them protected on a daily basis.
There are other ways to keep your premium down. If you aren't the only driver for the business that uses the vehicle, ensure all drivers are over twenty five and have clean driving licenses. Younger drivers are considered a risk to insurers as they are more likely to have an accident. This also applies to drivers with convictions and penalty points on their licenses. So keep it clean and older and you can enjoy more affordable premiums.
Ask the insurer if they will take your no claims into consideration. If you have had a private auto policy for years and have built up years of no claims, they may take this into consideration when providing you with a quote, as you are seen as a safe risk to their business.
Life Insurance Myths and Facts
Life insurance as part of an overall financial portfolio is rife with mythology and misinformation. In this article, I will address some of the myths that continue to circulate and provide useful information to help consumers make some rational decisions on the purchase of this important personal asset.
In an earlier article ("Why Buying Term and Investing the Difference is One Big FAIL!"), I discussed why buying term insurance and investing the difference is generally inferior to simply buying a cash value life insurance product. For the vast majority of people, buying term and spending the difference is the default, meaning that the theory of building greater wealth through a systematic investment program rarely materializes. Further, term policies can get painfully expensive in middle age, resulting in people dropping their policies, or, if they purchased a level term product for a long period, say 10 to 20 years, they may find their health will make them uninsurable or the cost beyond their means when the time comes to replace the expired policy. And they often find that the returns on the investment portion of their portfolio do not come close to equaling the life insurance coverage they need.
The second issue deals with taxes: the "invest the difference" part of the equation will almost invariably have tax consequences: unrealized capital gains and dividends for non-retirement investment accounts will result in a tax bill. What that means is that, as the fund manager buys and sells stocks for the portfolio, the capital gains on those transactions result in a tax liability. Similarly, dividends that are reinvested are also taxable. In both cases, you will be getting IRS Form 1099s in the mail around January of each year, which will show the gains and dividends and must be accounted for at tax time. In both cases, you will have no money in your pocket but you will have more in taxes to pay. This effectively lowers your rate of return.
Whole life insurance products don't have either tax problem: the dividends grow tax-free and the cash value can be paid out later in life on a tax-free basis. And, of course, the death benefit is not subject to income tax if paid out (although it could be subject to estate tax).
I now continue with others myths concerning life insurance. Probably the biggest one is that young, single people don't need to buy life insurance. This myth developed and has been promulgated by the popular financial services publications because life insurance is supposed to protect survivors' ability to remain financially solvent in the event a breadwinner dies prematurely. Therefore, according to this myth, young people, who are typically single, don't need life insurance.
The fact is, that young, single people will almost invariably get the most preferred premiums: even substantial whole life policies are relatively inexpensive. And because young people are typically in the best health of their lives, they are unwritten at the best rates. As one gets older, the risk of having a rated policy due to health issues increases, which can dramatically increase the cost. In addition the cash value of these policies not have a far larger time horizon to accumulate.
For example, using the projections of a top-rated mutual insurance company, a $500,000 policy at age 21 will have a monthly premium of approximately $320 per month; waiting until age 31, the monthly premium increases to approximately $470 per month, and waiting until age 41 increases the monthly premium to approximately $730 per month, or more than double the premium at age 21.
What is more interesting is the cash accumulation for each example: starting the policy at age 21 provides over $600,000 in cash value at age 65 and over $1,175,000 in death benefit; at age 31 the cash value is a little over $454,000 at age 65 with a death benefit of approximately $931,000, and starting the policy at age 41 provides a little over $322,000 in cash value and a $754,000 death benefit.
Now, keep in mind, the amount of death benefit needed to maintain a lifestyle for a family will typically increase as both responsibilities and income increase. However, the earlier you start the life insurance component of your financial portfolio, the less expensive it will be and the more you will have accumulated for yourself or your heirs later in life. And a guaranteed insurability rider will allow a person to purchase additional coverage at specified times without having to prove insurability.
The next myth is that employer provided life insurance is sufficient to provide the necessary income for a family if the employee dies. Typically, most companies that offer life insurance as a benefit will provide coverage equal to one year's salary, with the employee given the option to purchase additional coverage up to around five times their salary. These are always term policies, and generally only remain in force only during the time of employment.
Another myth is that only people with dependents need life insurance. People who are married and have no children still should begin a life insurance portfolio. Even if no children are planned, the surviving spouse will need a source of income to maintain a lifestyle and replace what the decedent generated while alive, even if the surviving spouse works. And if children are planned, then getting a life insurance plan in place while a person is young and healthy will make the costs more manageable as family expenses increase. And with the trend toward having children later in life, getting a permanent life insurance policy makes a lot of sense: the policy has grown in value, and the health problems that would preclude underwriting an older age are no longer an issue and the cost of maintaining a policy purchased at a young age is far more affordable.
A big myth perpetuated by the popular press is that life insurance brokers and agents are more interested in selling the product that makes them the most commission, not the one that provides the best coverage for the client. The vast majority of agents and brokers are highly ethical professionals. They are going to provide the best plan for their customers not only because of their ethics, but because it makes good business sense for them. A good agent is looking for a client for life, not a one-time transaction. And he or she is also wants to maintain an impeccable professional reputation: word that an agent is doing the wrong thing just to increase commissions will spread quickly and will destroy his or her reputation very quickly. It also can result in censure or loss of license by the state insurance commission.
This article discusses some of the key myths that agents deal with regularly as they deal with prospective clients. Unfortunately, journalists who lack training in the complexities of insurance, authors trying to sell books, or companies that peddle an "insurance solution" to demonize the rest of the industry and make themselves to be the only ethical players in the business, often perpetuate these myths (if you run into one of these agents, head in the other direction!). Life insurance may seem like a simple product to most people, which make them susceptible to the myths I discussed. In fact, building the right insurance portfolio is often a complex undertaking, that involves decisions about needs, affordability, and long term goals to find the right product mix that provides affordable and needed protection. That means working with a professional in the business who will provide the right solution for each client, not a "one size fits all" solution that likely will not meet the needs of the client.
The Top 4 Reasons to Cover Your Holiday Responsibly
It's easy for a degree of carelessness to creep into your holiday preparation. But if you're planning on getting away, experiencing something new, refreshing your outlook and rejuvenating your mind, this should not preclude you from organising your travel insurance in a responsible way.
Unforeseen illness
If you are looking forward to a swathe of pristine sand, a vista of munificent valleys, or the fresh air of a luxurious mountain forest, you probably don't want to give any thought to unexpected illness. But since by its very nature such illness is unforeseen, it is vital to cover your holiday when you consider its potential to occur. You should be aware of the susceptibility of your body to be prone to illness in the particular destinations that you wish to visit, and this can save you from a great deal of hassle.
Unpredictable theft or accidents
More and more exotic places around the world are opening up to travellers. It seems the old stereotypes of the fearful old tourist and the fickle young adventurer are being shattered. Young and old are exploring regions that once were unknown or taboo but are now fascinating tourist hubs. But new, fresh and strange places can invite crime, which usually targets tourists. Hence it is wise to cover your holiday after considering, with realism not hysteria, the potential for theft or even accidents in the places you are about to visit.
The safety of children
Travelling with children is a very special and rewarding experience. It can be exhausting yet ultimately fulfilling. When children are involved, you will rightly be concerned about making sure the insurance protects your kids first and foremost - even more so, it's vital to cover your holiday appropriately. Carefully investigate providers and the types of plans that they offer to make sure that your children's particular needs are catered for. When it comes to your family's safety, it pays to be doubly responsible.
The need for a good provider
Recklessness should never be a deciding factor when it comes time to cover your holiday; there are a plethora of providers out there and some simply stand out above the others. Choosing a good provider can make all the difference; no one wants to spend ages hunting out an accurate quote, to hand over payment and then find the provider difficult to contact during an emergency. Ultimately, the best providers will give quick quotes, efficient payment means, round-the-clock contact and very clear and extensive support should anything occur on your trip. Of course, the best insurance is the one you never need to think about while you are tanning yourself on a golden beach! The best way to have peace of mind that your insurer will step up and help out if you need them is by researching your insurance responsibly before your trip.
Patrick Chong is the Managing Director of Insuremore. We provide low cost travel insurance and offer a range of policies to cover your holiday, including single-trip, multi-trip and family insurance. For all your insurance needs, Insuremore can help you in the quickest and most cost-efficient way.
Tips for Finding Low Priced Insurance for Your Next Holiday
How easy is it really to find low priced insurance that will suit whatever budget you are trying to stick to for your holiday? Some people don't take the time to look properly, which is a great shame, because with a little know how you can hunt out some very good deals indeed. Here's how to do it.
Don't just go to the big name companies
There is no guarantee a famous name company will provide you with the cheapest cover. Look at as many companies as you can and compare policies carefully. Some online comparison sites will compare dozens of providers in one fell swoop, but none can cover them all. Make sure you plug the gaps and find providers that aren't covered by these websites.
Consider what you really need
Some policies have add-ons that not everyone will require. Always check the small print and the details of the policy to see whether you can knock off any extras you don't actually need. This can reduce the price you pay and lead you towards a low priced insurance policy that will suit you better.
Get a multi-trip policy to cover more than one holiday
Many people regularly go on more than one trip a year. If this includes you, make sure you search for a multi-trip policy to cover all the trips you intend to make in a single 12-month period. Not only will it save you time, as you won't have to book other policies in the future, you will save money overall as well.
Go to a specialised insurer if you need one
It might sound obvious but the big companies tend to cater for the masses. If you need a more detailed policy - perhaps to cover extreme sports or an illness that you take medication for - you might find a cheaper policy elsewhere.
As you can see, there are a number of techniques you can use to help you find low priced insurance for your holiday. In some cases you may use one method and turn up nothing cheaper; on the other hand the first option you choose might produce great results and a cheaper policy. Always be sure to check every avenue and option open to you so you can enjoy the best array of low priced insurance policies possible.
We all tend to look for a good deal when it comes to booking a holiday abroad, however travel insurance can often be an afterthought. It's either something that gets booked along with the holiday (an expensive option) or something we pick with little thought at all. But, clearly, you don't have to settle for this approach. With a little advice and time on your hands, you can get an excellent deal on this very necessary commodity.
3 Tips for Checking Your Low Priced Insurance Policy Is Sufficient
So, you've done your research and found a low priced insurance policy to cover you on your forthcoming holiday? The task doesn't end there, though - you need to make sure it is actually suitable for your needs before you go ahead and book it.
Here are three tips that will make the task easier and ensure everything is as it should be.
Make sure you booked it for the right dates
You should, of course, be well aware of the date you set off for your holidays and the date you return! However you should double check you have them right and that your policy covers the period you need it to cover. If you got it wrong, contact the company immediately to put it right. Alternatively, they may have got the details wrong on the policy documents. If this is the case, make sure you contact them immediately to have it corrected.
Check you are covered for any activities you wish to do
While many low priced insurance policies will cover most activities, they may not cover everything you intend to do. For example, you may want to do white water rafting or a parachute jump while you are away, and if this is the case, you'll need to check check whether the policy will cover such an activity. If not, you need to either make a change so it does or get an additional policy for extreme sports. Oftentimes you should be able to get an all in one policy designed to cover whatever sports you want to do, so be sure the one you have booked is suited to your needs.
Read every last detail in the small print
It seems as if human beings are hardwired to avoid small print of any kind! Unfortunately, this is exactly where all the most important details are found on low priced insurance policies. So when you receive your copy, take the time to sit down and read through every last detail. Mistakes can be made, so check your name, address and other information to ensure it is all 100% correct. Don't let even the smallest detail slip through if it isn't right. It could invalidate your policy and that will lead to untold problems if you need to make a claim.
As you can see it makes sense to check everything when you buy a low priced insurance policy to cover a trip or a holiday abroad. The last thing you want is to make a claim and discover the one you bought isn't quite as all encompassing as you need it to be. The time to find out is definitely before you leave, not after!
4 Great Out-Of-Season Travel Destinations
Visiting certain destinations outside the peak season does not mean you get to enjoy your stay less. There are many perks to scheduling your holiday just when everyone else is elsewhere! Everything will be cheaper, including perhaps even your family travel insurance policy - so pack your bags, and consider these top destinations.
The Caribbean in Late November
In the last few weeks of November, just before the official tourist season explodes around Christmas, the Caribbean is a haven of low prices, empty beaches, and an abundance of last-minute offers. What's more, there are many family travel insurance packages that offer certain perks when you visit the Caribbean at this time of the year. In late November, the hurricane season is more or less over-but don't worry, you can still enjoy a cancellation protection from your provider just in case the weather acts up for one last disruption. But that is rare, and visiting the Caribbean around this time is often the best way to have the place all to yourself.
Tuscany, Italy in October
There are countless things we can say about the beauty, vibrant culture and food of Tuscany, but let us point out one thing: visit the region in October and you'll be able to savour the locals' zest for fun and festivities when most of the tourists have gone home. Also, October is harvest time in Tuscany, and you can immerse in the region's authentic enthusiasm for its food and wine - again, without the hordes of tourists.
Tanzania in November
In August, wildebeest begin their months-long migration north, and it is a sight that countless tourists clamour for. The consequences, naturally, are exorbitant prices on anything from safari fees to accommodation to family travel insurance. Curiously, however, not many people are as interested in seeing the same herds returning south in November-yet it's a spectacle as breath-taking as the one in August, yet without the high prices and all the hassle. Moreover, many companies also tend to sweeten the deal for tourists visiting Tanzania at this time, so you can take advantage of the figurative "low-hanging fruits".
Venice, Italy in November
Full enjoyment of a visit to Venice is somewhat tricky. If you make the mistake of visiting it in the thick of summer, you may recoil from the odours emanating from the otherwise picturesque canals; visit it in the winter and you might end up shivering your way through a miserable experience. But between summer and winter is a small window of awesomeness-lasting a few weeks between October and November-when the number of visitors decreases and you can enjoy perfect weather in one of the world's loveliest cities.
Wellness and Financial Security
For the past decades up until now, wellness as an industry have grown so much and have developed into several branches. An example would be nutrition or food where grocery items such as precooked meat, pasta, etc. are being labeled with their caloric value aside from the expiration date. This is to make consumers aware of the nutrition that they get when they consume a particular food. Some groceries even included color coding where a red label means it contains a high amount of a certain nutrient which is more than the needed percent daily intake. On the other hand, green emphasizes balanced nutrition content.
People today are being more cautious about their health since they are exposed about certain diseases which can be seen through hundreds of television commercials and radio announcements as well as from publications such as newspapers and magazines. Most of these ads are sponsored by large drug companies that aim to sell their products to the public. Also, the commodity that is being sold can cost a lot compared to other brands and even much more expensive when put against generic brands. Let us be honest and ask ourselves why do we need to purchase and consume these drugs? Obviously the answer is "for wellness"
Health Insurance is a commodity that we pay through premiums which can be reimbursed when certain conditions such as illnesses occur. Some circumstances could need medical attention and having a policy to cover the costs will be able to save you from the risk of paying medical services out of your hard earned savings. Mason and Associates Insurance Services provides custom designed coverage that will surely meet your needs. Not only do they assist with small business health insurance, but as well as helping out a business in managing costs by designing a plan that meets the goal of the company. They do the leg work for financial security while you do the work for your health and physical well-being.
Another branch of the wellness industry is fitness, which can be again divided into little sub-parts. Two main sub-categories are totally different from each other, but can be incorporated in terms of use. The first sub-part is sports nutrition wherein food and drinks are used to enhance the performance of the person. And the second part is physical activity where the person is exposed to exercises such as resistance training, yoga, Zumba and even bodybuilding. The two categories when used in unison, becomes more effective in achieving your fitness goals.
5 Things to Check Before You Buy Family Holiday Insurance
When you go on a family holiday, one of the most important things to organise before you set off is a decent family holiday insurance policy. If something goes wrong on your travels, it can be the only thing standing between you and a financial crisis. In some cases, medical bills abroad can add up to thousands of pounds, even for minor injuries, so it really is not worth taking the risk.
However, when you buy your policy, there are a number of areas you should look at very carefully so that you know exactly what you are covered for. Here are five key things to keep an eye out for.
1. What Activities Are Covered?
Family holiday insurance policies may provide cover for various activities that are common on holidays, such as swimming and snorkelling. However, when it comes to more extreme sports like skydiving or bungee jumping, you may find that you are not covered. If you then take part in one of these activities and injure yourself, you may have your claim for medical costs refused.
It is therefore essential that you know exactly which activities you are covered for when you travel. Check through the list carefully as you may be surprised: often, activities that you thought would be included may not be.
2. What Are the Per-Item Limits?
If you have cover for lost or stolen personal possessions, you will usually have a maximum amount, which may be in the region of £1,000 or maybe more. However, you should also check whether there is a maximum per-item limit, because this will often be lower. This means if you take an expensive item like a laptop, should it get stolen you will only be able to claim for the maximum per-item limit. You need to know whether the cover provided is enough, and if it is not, you may want to leave your expensive items at home.
3. Is It Cheaper to Get a Multi-Trip Policy?
If you are planning to have more than one family break this year, you may want to find out whether it is cheaper to get a multi-trip policy. If you travel abroad two or three times a year, it could work out less expensive - so do your sums before you purchase anything.
4. Are Pre-Existing Medical Conditions Covered?
Family holiday insurance policies often have exclusions when it comes to pre-existing medical conditions, so check what these are before you buy your policy. It may be that you cannot get cover for your condition, or you may need to pay extra.
5. Do You Need All the Cover?
Sometimes insurers provide different packages with different levels of cover. You should check the level of cover you really need before buying one. For example, the least expensive will often provide just medical expenses, and the more expensive may cover other events like cancellation cover and missed-departure cover. You have to ask yourself what is most suitable for your situation and choose a policy accordingly.
Family holiday insurance is one of the first things you should purchase when you plan a trip. However, make sure you are aware of all the details of a policy before you buy it, focusing especially on these five areas to help you find the most suitable one for your needs.
Things You Need to Know Before You Buy a Term Plan
Having dependants is a matter of responsibility and we need to ensure that we take this up well. Earning enough financially, offering a good quality of life and taking good care of your family dependants is the major aspect of this responsibility.
But the responsibility does not just end here. You also need to ensure that the dependants in your family are also taken care of well and lead the same quality of life even in case you met with an unfortunate early death. So, we need to buy term insurance which will provide the necessary risk cover to deal with such situation. Buying any term insurance is not going to solve the problem and you need to be prudent while making a choice of term insurance plan.
To buy the right policy, you need to be aware of the following:
1) Do I need a risk cover?Term insurance is required if you have family members either children, spouse or parents who are dependent on you and you do not have enough savings to cover the cost of living for the family for the rest of life and any ongoing/future loan liabilities.
2) How much risk cover is adequate?
The higher the risk cover you choose the higher would be the premium on the plan. Be sure that the term cover you choose is adequate to help your family sustain the same quality of life as they are pursuing today. Thumb rule says that you should be covered for an amount that is 5-10 times the annual income.
3) Benefits of term life insurance
You need to be sure of term life insurance benefits before buying one. A term insurance is a pure vanilla insurance product that offers risk coverage in the event of an unfortunate death of the insured. Buying term life insurance is cheaper when compared to alternate insurance product like unit linked insurance policies (ULIP) and endowment policies. By paying a relatively small insurance premium, the risk coverage that can be obtained is much larger than for ULIPs. Like other life insurance policies, you also enjoy term insurance tax benefit.
4) Do I need additional cover beyond pure life cover?
A pure vanilla term plan offers risk cover only against death of the insured but there are other situations in life when a risk cover would be as important like suffering from critical illness or accident leading to permanent disability. There are riders that come with a term plan and if you think these riders will add value you can add it your term plan cover.
5) What is the right age to purchase a term insurance?
The earlier you buy a term plan, the better it is for you. If you have started earning it is advisable that you buy a term plan. Buying early gives you the benefit of lower premiums.
Your Career Success Is Up To You
Do you want a job or a career? When you have a job you get up and go to work, perform whatever duties are required of you and collect a paycheck. Many people who have jobs do so because they have to, not because they want to.
When you have a job that pays you enough to cover your bills it is very hard to quit it. Many times our jobs means we have a J.O.B.(just over broke) position and although we work 40 plus hours a week we never seem to get by. This makes us slaves to our positions and keep us from looking to have something better. A job can keep you trapped in a position that is very hard to get away from.
A career is something else. It starts with knowing what you want to do each and every day. You prepare for what you will be doing each day by getting a good education. Then once you enter the field you want to work in you actually go to work each day enjoying what you do. You don't have a job: you have a hobby that you love doing and getting paid for each day.
I know this situation first hand. I have had more jobs than any of my friends. I would take a position, stay a few months and then move on because the jobs became boring, I wasn't making enough money, etc. I believed that the answer was in finding the right "job". What I found is when you pursue a career in an industry you want to be in, you can create the opportunity that will allow you to flourish at your work space.
Let me offer a few suggestions about pursuing a career;
1) Be true to yourself - know who you are, what you want and why you want it.
2) Do what you love, the money will follow - don't chase dollar bills. Refuse to work strictly for pay. Instead tap into your passion. Find out what you are willing to do for free and let money be the side benefit.
People who have great careers tend to love what they do. When you are in that category you smile every day and become very grateful for the position you have.
I think finding what you love and then making it work for you is the best career choice anyone can make.
Disclaimer
Disclaimer for Bertiful Insurance
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All the information on this website is published in good faith and for general information purpose only. http://dorienvink.blogspot.com/ does not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information you find on this website (http://dorienvink.blogspot.com/), is strictly at your own risk. http://dorienvink.blogspot.com/ will not be liable for any losses and/or damages in connection with the use of our website.From our website, you can visit other websites by following hyperlinks to such external sites. While we strive to provide only quality links to useful and ethical websites, we have no control over the content and nature of these sites. These links to other websites do not imply a recommendation for all the content found on these sites. Site owners and content may change without notice and may occur before we have the opportunity to remove a link which may have gone 'bad'.
Please be also aware that when you leave our website, other sites may have different privacy policies and terms which are beyond our control. Please be sure to check the Privacy Policies of these sites as well as their "Terms of Service" before engaging in any business or uploading any information.
Consent
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This site disclaimer was last updated on: Wednesday, March 25th, 2015· Should we update, amend or make any changes to this document, those changes will be prominently posted here.
Privacy Policy
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At http://dorienvink.blogspot.com/ we consider the privacy of our visitors to be extremely important. This privacy policy document describes in detail the types of personal information is collected and recorded by http://dorienvink.blogspot.com/ and how we use it.
Log Files
Like many other Web sites, http://dorienvink.blogspot.com/ makes use of log files. These files merely logs visitors to the site - usually a standard procedure for hosting companies and a part of hosting services's analytics. The information inside the log files includes internet protocol (IP) addresses, browser type, Internet Service Provider (ISP), date/time stamp, referring/exit pages, and possibly the number of clicks. This information is used to analyze trends, administer the site, track user's movement around the site, and gather demographic information. IP addresses, and other such information are not linked to any information that is personally identifiable.
Like many other Web sites, http://dorienvink.blogspot.com/ makes use of log files. These files merely logs visitors to the site - usually a standard procedure for hosting companies and a part of hosting services's analytics. The information inside the log files includes internet protocol (IP) addresses, browser type, Internet Service Provider (ISP), date/time stamp, referring/exit pages, and possibly the number of clicks. This information is used to analyze trends, administer the site, track user's movement around the site, and gather demographic information. IP addresses, and other such information are not linked to any information that is personally identifiable.
Cookies and Web Beacons
http://dorienvink.blogspot.com/ uses cookies to store information about visitors' preferences, to record user-specific information on which pages the site visitor accesses or visits, and to personalize or customize our web page content based upon visitors' browser type or other information that the visitor sends via their browser.
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→ Google, as a third party vendor, uses cookies to serve ads on http://dorienvink.blogspot.com/.
→ Google's use of the DART cookie enables it to serve ads to our site's visitors based upon their visit to http://dorienvink.blogspot.com/ and other sites on the Internet.
→ Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy at the following URL - http://www.google.com/privacy_ads.html
Our Advertising Partners→ Google's use of the DART cookie enables it to serve ads to our site's visitors based upon their visit to http://dorienvink.blogspot.com/ and other sites on the Internet.
→ Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy at the following URL - http://www.google.com/privacy_ads.html
Some of our advertising partners may use cookies and web beacons on our site. Our advertising partners include .......
While each of these advertising partners has their own Privacy Policy for their site, an updated and hyperlinked resource is maintained here: Privacy Policies.
You may consult this listing to find the privacy policy for each of the advertising partners of http://dorienvink.blogspot.com/.
You may consult this listing to find the privacy policy for each of the advertising partners of http://dorienvink.blogspot.com/.
These third-party ad servers or ad networks use technology in their respective advertisements and links that appear on http://dorienvink.blogspot.com/ and which are sent directly to your browser. They automatically receive your IP address when this occurs. Other technologies (such as cookies, JavaScript, or Web Beacons) may also be used by our site's third-party ad networks to measure the effectiveness of their advertising campaigns and/or to personalize the advertising content that you see on the site.
http://dorienvink.blogspot.com/ has no access to or control over these cookies that are used by third-party advertisers.
Third Party Privacy Policies
You should consult the respective privacy policies of these third-party ad servers for more detailed information on their practices as well as for instructions about how to opt-out of certain practices. http://dorienvink.blogspot.com/'s privacy policy does not apply to, and we cannot control the activities of, such other advertisers or web sites. You may find a comprehensive listing of these privacy policies and their links here: Privacy Policy Links.
If you wish to disable cookies, you may do so through your individual browser options. More detailed information about cookie management with specific web browsers can be found at the browsers' respective websites. What Are Cookies?
Children's Information
We believe it is important to provide added protection for children online. We encourage parents and guardians to spend time online with their children to observe, participate in and/or monitor and guide their online activity. http://dorienvink.blogspot.com/ does not knowingly collect any personally identifiable information from children under the age of 13. If a parent or guardian believes that http://dorienvink.blogspot.com/ has in its database the personally-identifiable information of a child under the age of 13, please contact us immediately (using the contact in the first paragraph) and we will use our best efforts to promptly remove such information from our records.
We believe it is important to provide added protection for children online. We encourage parents and guardians to spend time online with their children to observe, participate in and/or monitor and guide their online activity. http://dorienvink.blogspot.com/ does not knowingly collect any personally identifiable information from children under the age of 13. If a parent or guardian believes that http://dorienvink.blogspot.com/ has in its database the personally-identifiable information of a child under the age of 13, please contact us immediately (using the contact in the first paragraph) and we will use our best efforts to promptly remove such information from our records.
Online Privacy Policy Only
This privacy policy applies only to our online activities and is valid for visitors to our website and regarding information shared and/or collected there. This policy does not apply to any information collected offline or via channels other than this website.
This privacy policy applies only to our online activities and is valid for visitors to our website and regarding information shared and/or collected there. This policy does not apply to any information collected offline or via channels other than this website.
Consent
By using our website, you hereby consent to our privacy policy and agree to its terms.
By using our website, you hereby consent to our privacy policy and agree to its terms.
Update
This Privacy Policy was last updated on: Wednesday, March 25th, 2015.
Should we update, amend or make any changes to our privacy policy, those changes will be posted here.
This Privacy Policy was last updated on: Wednesday, March 25th, 2015.
Should we update, amend or make any changes to our privacy policy, those changes will be posted here.
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