Life Insurance

Life Insurance -  Aspect Insurance Claim Check .  Rising medical costs are contributing to the increases in bodily injury liability claim costs. In general, medical costs have been rising at a 6% rate. On the other hand, advances in medical  insurance technology and improved rescue and life saving techniques result in fewer deaths, but this also drives up the cost of medical care. Image By : Google.com It costs more to fix cars nowadays, and that means higher insurance  claim costs. As cars have become more sophisticated through advancements like air bags, fuel injection, unibody construction and on-board computers, they also have become more expensive to repair in the event of an accident. Theft & Fraud Motor vehicle theft is the fastest growing crime in the nation. Fraud, a more sophisticated form of theft, is a major problem for insurers. According to the National Insurance Crime Bureau, fraud costs property and casualty insurance companies more than $20 ...

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 - A Little Story of State Farm Insurance .  This message was left on my voice mail. I continuously called requesting to speak w/the adjuster and Mrs. Dorothy M. but I did not get a call back. "Totally Ignored" no one at State Farm Insurance  was willing to give me insurance  information about the contractor Mr. Rollins and I was told to get in touch with the same person who will not call back in this case Mrs. Dorothy M. I called her office, her direct line, her cell phone and I was given another number to call but NO return of my calls. In November I decided to do my own homework and called a few contractor for estimates to fix the roof, at this time I had the opportunity to get on top of my roof and with the roofer I looked around visualize the actual damage of my roof as we inspected outside and inside of my home. "Mold had set up and the were visible damages in the interior of the house, I even felt the wet boards inside of the house. None of thi...

Life Insurance - The Relationship Between Accidents And Insurance Claims . Your liability policy often refers to an “occurrence.” The ISO BOP (1) defines an “occurrence” as “an accident, including continuous or repeated exposure to substantially the same harmful conditions.” An accident is an event that causes injury to the body, property, person or reputation of a third party whom you did not intend to injure. (The designation “third party” means a party other than you or the insurer. It is a third party who insurance claims or sues for damages as a result of an occurrence. You are the first party and the insurer is the second.) An explosion or a car accident are each examples of an occurrence that could result in bodily injury and/or property insurance   damage The phrase “continuous or repeated exposure to substantially the same harmful conditions” in the definition of occurrence makes clear that the insurer covers situations where harm was done because of an ongoing situat...