Life Insurance

Life Insurance - Business is bad for everybody and car insurers are competing to retain old customers and attract new ones . At the same time, a lot of people are dropping their car insurance altogether and chancing it (bad idea). But all these forces have combined to create a buyer’s market. Use it to your advantage. Go online (you can do that on this website) and get competitive car insurance quotes.   It’s something you should do every six to 12 months, anyway, and there’s never been a better time than now.  Top-rated auto insurance companies are offering new types of car insurance incentives like accident-forgiveness. They’re also upping the ante on existing discounts for good drivers and loyal customers. So even if you love your car insurance company and don’t want to switch, get some competitive quotes anyway and then talk to your current insurer about matching or beating them. Can’t hurt. Could net you cheaper car insurance. If possible, limit your mileage, adjus...

Life Insurance - Insurance Claim After Earthquake . Horrific earthquakes in Japan, New Zealand, Chile and Haiti in recent years have left many Americans wondering if their home insurance policies would cover them in the aftermath of a major temblor.The short answer is that property damage caused by the shaking movement of the earth is not covered by a standard homeowners insurance policy, although some subsequent damage may be eligible for coverage However, you can still can buy earthquake insurance . In some cases, homeowners can add an earthquake endorsement to their home insurance policy , although "not every insurance company offers earthquake coverage," says Don Griffin, vice president of personal lines for the Property Casualty Insurers Association of America. Separate, standalone earthquake policies also are available. Unlike flood insurance, which is available from through FEMA (Federal Emergency Management Agency), earthquake insurance is offered by private insu...

Life Insurance - General Liability Insurance (also called Commercial Insurance) helps protect your company or professional practice from claims of bodily injury to a customer or damage to a customer’s property resulting from using your product or service.  Many General  Liability policies also cover claims of personal injury such as libel or slander and advertising injury claims of misrepresentation of your products or services. Sometime, General Liability is included as part of a comprehensive Business Owners Policy (BOP). However, coverage in those instances are typically low and may not offer sufficient protection for your specific risk exposures. General Liability insurance is an essential part of your business insurance portfolio, whether you work from a office, out of your home or in the field.  If you are starting a company, it is a good practice to purchase your General Liability coverage before you open for business. If you already have a General Liability pol...

Life Insurance - The Dodge Charger is one of the most popular car models nationwide . Thinking of buying a Dodge Charger and want to compare Dodge Charger insurance rates ? Just like shopping for a new car there are a few things you should learn about car insurance companies and how they insure cars like the Dodge Charger. First car insurance premiums are risk based which includes analyzing the applicant and the car being insured. Many factors go into calculating Dodge Charger car insurance rates including your personal driving record, the estimate usage of the car, where you live and more. The 2010 Dodge Charger comes in a 4 models including the SE, 3.5L, RALLYE and 3.5L All Wheel Drive model.  Standard safety features include an Anti Theft Key Deterrent System, Multistage Front Airbags and more. At the time of this review we could not find Anti Lock Brakes as standard on the base model however an ABS system was included with the 3 higher models at the base price. The MSRP for...

Life Insurance - Insurance Benefits . From crossing the street, to purchasing a new home, to traveling on an airplane, we all face risks daily. We've found ways of avoiding or minimizing certain risks, but it isn't possible to avoid them all.  Some risks are trivial, like feeding and burping a baby after work while still wearing your suit. Other risks are significant, like the loss of a house, auto or income due to disability or premature death. Proper risk management is essential to securing your financial future. This means effectively using insurance to protect against events that would significantly impact your financial future if they occurred. Insurance is the means by which you secure protection for yourself and your family against unforeseen circumstances. Auto insurance helps protect you from financial loss on an automobile due to accident or theft. Health insurance provides financial support for medical-related costs. Life insurance is designed to protect your ...

Life insurance is an important form of coverage . While life insurance policies vary depending on the type of life policy and its coverage benefits, most life insurance policies are set up so that in the event of a person’s death, a sum of money is paid to the chosen beneficiary. Individuals, corporations, friends, and relatives may all be policy holders, and beneficiaries can use the money for whatever they need—paying off debts, covering funeral expenses, or supplementing their own income. Insurance companies depend on the money they receive from people buying policies and paying their premiums to cover the cost of all of their claims over time. Hence why the costs of life insurance vary, depending on the policy holder’s age, gender, and other lifestyle choices— insurance companies use this information to estimate their claim totals each year. The two most common types of life insurance are term life insurance and whole life insurance. Much like auto insurance, term life insuranc...

Life Insurance - What Accounts Receivable In Insurance ?   Accounts Receivable – As part of your insurance risk management plan, to the extent feasible, you should keep backup copies of your accounts receivable in a separate location.  For some businesses, however, it may be in the nature of the business insurance  that accounts receivable records are vulnerable to property loss. If needed, you may extend coverage under your BOP. The accounts receivable extension obligates the insurer to pay amounts due from your customers that you are unable to collect. The limit is up to $10,000 per occurrence for records located on the premises described in the policy "Declarations" or $5,000 for records located elsewhere. Adding Additional Insurance  – In many situations, a business is required by contract or law to add coverage to its BOP for other parties who usually have property at risk that is in the care of the insured. Such parties typically include managers or lessors o...

Life Insurance - Liability Insurance Very Helpfull For Your Company .  Liability insurance  is a part of the general  insurance  system of  risk financing  to protect the purchaser (the "insured") from the risks of  liabilities  imposed by lawsuits and similar claims. It protects the insured in the event he or she is sued for claims that come within the coverage of the  insurance policy . Originally, individual companies that faced a common  peril  formed a group and created a self-help fund out of which to pay compensation should any member incur loss (in other words, a mutual insurance arrangement). The modern system relies on dedicated carriers, usually for-profit, to offer protection against specified perils in  consideration  of a  premium . General Liability Insurance (also called Commercial Insurance) helps protect your company or professional practice from claims of bodily injury to a customer or damage ...

Life Insurance - Who Needs Commercial Package Insurance?   A Commercial Package Policy (CPP) gives business owners a wide range of essential property and liability coverage for the business enterprise. By combining the components of two or more individual commercial insurance policies into one flexible package, the total premium is usually less than the combined premium of the individual policies. Commercial Package Insurance Policies usually include Commercial General Liability and Commercial Property Insurance, and may also include a variety of other coverages like Commercial Vehicle, Builder's Risk, Inland Marine, Boiler and Machinery, Business Interruption, and others, depending on the specific nature of the business. A variation on this package policy for small to mid-size businesses is known as a Business Owners Policy(BOP). A BOP is similar in concept to a CPP, but usually offers less flexibility and fewer coverage options. Most BOPs only cover Commercial Property an...

Life Insurance - The Points illustrate a central truth about insurance .it is a business, and insurance companies are not in business in order to lose money. In order to remain profitable, insurance companies have expended prodigious resources over many decades—centuries, in some cases—to achieve an increasingly precise, quantitative understanding of the risk factors influencing nearly any conceivable loss. The resulting policy decisions sometimes feel like rank discrimination—a male teenager, for example, will pay several times as much to insure the same car as a married man in his mid-thirties with a similar driving record—but the risk factors underlying these differences are no less real. A direct consequence of the nature of insurance as a profit-driven business is that, in the theoretical long run, it will always cost more to insure a set of potential losses than it would cost simply to pay for the losses as they arise (otherwise known as self-insurance). So why bother? Two re...

Life Insurance - Earthquake insurance rules are slightly different in California. There, earthquake insurance is available from private insurers and from the California Earthquake Authority, a privately funded, publicly managed organization.Only 11.9 percent of California homeowners have earthquake insurance from either a private insurance company or CEA, according to the Insurance Information Network of California. Moraga says the average annual premium for a CEA earthquake policy in 2009 was $707. In California, the CEA policy excludes damage to swimming pools, spas, driveways, outbuildings, crystal, chandeliers and numerous other contents specified in the policy, Moraga says. "We always urge homeowners to read their policies and understand what is and what is not covered," he says. Moraga says that CEA policies cover structural damage up to the limit of the standard home insurance policy but limit contents coverage to $5,000 to $15,000 and loss of use coverage for liv...

Life Insurance - Basic General Liability Insurance .  Your basic General Liability insurance covers financial losses and the costs and damages resulting from claims up to the limit of your policy for bodily injury, property damage, personal injury (slander and libel) and advertising injury suffered by a customer that is caused by you, an employee or a subcontractor.  General Liability insurance also covers the cost to defend or settle claims, even when they are fraudulent, although it typically does not compensate for punitive damages that are assessed for negligence or willful misconduct. It is possible to purchase a Commercial Umbrella Liability policy to guard against claims of that nature.  General Liability does not cover replace Employment Practices Insurance, Errors and Omissions Insurance or Directors and Officers Insurance (if your business requires that coverage). Policies for General Liability coverage affordably priced, however your quotes will depend...

Life Insurance -  Car Insurance , Is It the Best Insurance ? .   Car insurance premiums can be high so your search for affordable car insurance should always begin by understanding what car insurance discounts are available.There are a number of discounts available and the percentage at which these discounts lower your car insurance premiums vary depending on the car insurance company, your state of residence and the vehicle. Many. Always make a list of the safety features your vehicle has before contacting anybody for a quote and note if any of the following categories apply to your profile before starting car insurance comparison. Is your vehicle equipped with factory installed Anti-Theft Deterrent systems such as ignition lock, car alarm or LOJACK?  Ant-Theft systems drastically reduce the odds of a vehicle being stolen and car insurance companies offer discounts to any driver with a lower-risk profile. Anti-Lock brakes were first introduced in 1929 for aircraft us...

Life Insurance - Health care represents a growing portion of the typical household budget . To cover these costs, many families rely on health insurance . Although health insurance is often available to individuals and families affiliated with groups, such as employers or unions—see Group Health Insurance —this is not always the case.  Whether because of unemployment, self-employment, or some other factor, those who either lack access or choose not to take advantage of group health policies find an alternative in Personal Health Insurance. What Personal Health Insurance Is Not  Compared to typical group health plans, Personal Health Insurance can pose some challenges. Requirements to be met before being fully covered may be more restrictive.  Individual policies are usually more expensive than group policies. Claims must be filed, which is not the case with all group policies. Preventive health care may not be covered. A higher deductible may be required for a given pr...

Life Insurance - A Little Story About Health Insurance . Amid rising health insurance costs and a tough economy, a growing number of consumers and employers are turning to high-deductible health plans (HDHPs), often known as "catastrophic health insurance ."These plans feature lower-than-average premiums in exchange for higher-than-average deductibles, and many on the market today are paired with tax-advantaged health savings accounts (HSAs). Under a high-deductible health plan, you pay for all your medical expenses – except for qualified preventive care – up to the annual deductible. After that, some plans pay 100 percent of your covered medical expenses. Others initially pay a share of your medical bills – such as 80 percent – before paying 100 percent when you reach an out-of-pocket maximum. These plans are sometimes referred to as catastrophic health insurance plans, but the name is a bit of a misnomer. Under health care reform, the plans must cover 100 percent of pre...

Life Insurance - Missouri law requires that all motor vehicle drivers and owners maintain some type of motor vehicle liability insurance coverage . Unfortunately, each year thousands of Missouri citizens are involved in automobile accidents with drivers who have not maintained the required automobile insurance. This results in unpaid damage claims and higher insurance premium rates for all Missourians. Missouri motor vehicle owners are required to show proof of insurance when registering a vehicle and renewing their license plates. Liability insurance covers your legal liability when injuries or property damage happen as a result of your actions.  The minimum level of coverage required by state law is: $25,000 per person for bodily injury $50,000 per accident for bodily injury $10,000 per accident for property The law also requires you to have uninsured motorist coverage of $25,000 for bodily injury per person and $50,000 for bodily injury per accident. Nonresidents must maintai...

Farmers Insurance Group® is a national sponsor of the “March for Babies” walk for the March of Dimes, an activity in many communities to help raise money for the leading nonprofit organization for pregnancy and baby health. As a member of the Farmers family, we share in the commitment to improve the health of all babies by preventing birth defects, premature birth and infant mortality. The Grand Rapids, Michigan March for Babies is held at our Caledonia campus in April. Across the country, Farmers employees help raise money through bake sales, silent auctions, selected pay-to-wear jeans to work days and many other activities in insurance company and agent offices. These contributions to the March of Dimes campaign let researchers, volunteers, educators and advocates continue to work together to give babies a healthy start in life insurance . Every year, Farmers declares one day “Be a Hero for Babies Day” to raise funds and awareness for the March of Dimes and its mission. In 2009,...

Life Insurance - Things About Insurance .  All businesses in today’s litigious society are at risk of a general liability claim, but some businesses face greater risks than others. A few examples include insurance companies that operate heavy machinery, serve food or beverages, make products that are consumed, make toys or exercise equipment, rent  insurance property or vehicles, or have drivers or delivery people on the road. But even if you’re a bookkeeper, you could be sued if a client is injured while on your premises. If you’re a contractor and drop a ladder on a client’s car, you could be sued. And if you make any kind of insurance claims in your advertising that you can’t prove, you can be sued. Even if you aren’t at fault, defending yourself against  a suit could mean financial ruin for you and your business. Without adequate General Liability coverage, you could be forced to sell off your personal assets to repay your clients. You would also have to pay ...

Life insurance is an important form of coverage . While life insurance policies vary depending on the type of life policy and its coverage benefits, most life insurance policies are set up so that in the event of a person’s death, a sum of money is paid to the chosen beneficiary. Individuals, corporations, friends, and relatives may all be policy holders, and beneficiaries can use the money for whatever they need—paying off debts, covering funeral expenses, or supplementing their own income. Insurance companies depend on the money they receive from people buying policies and paying their premiums to cover the cost of all of their claims over time. Hence why the costs of l ife insurance vary, depending on the policy holder’s age, gender, and other lifestyle choices—insurance companies use this information to estimate their claim totals each year. Types of Life Insurance The two most common types of life insurance are term life insurance and whole life insurance. Much like auto insuran...

Life Insurance -  The Impact Of Insurance .  The number of people who claim that insurance is something you cannot take a step outside without seem to be equal to the number of people who disregard the opportunities insurance offers and call it a mere waste of money.  On the surface, insurance is something you can do without unless or until you have something to lose. Come to think of it, how many of us don't? Thus, the question is not whether to insure or not, but rather what insurance company and policy to choose. In the situation of loss, you get reimbursement from your insurance company and thank yourself for being wise enough to have purchased insurance. In other words, insurance is there for you to provide financial support to cover your medical, social, personal or other services you might need in case the worst has happened. Insurance allows for protection against possible risks to your life, health, property, etc and compensation for the effects of the insu...