Posts Tagged ‘Many’

The Many Benefits of Car Insurance

Article by Samuel Thomas









Car insurance revolves around securing your car against unforeseen circumstances. With increasing number of car accidents today, it is only wise to secure your car from future damages. That is why different companies have come up with different car insurance plans. You may be the best driver around and may even take all the precautionary measures, but there’s no guarantee that the other drivers will do the same. So, why leave anything to chance when you have the option of car insurance?

The primary use of a car insurance policy is to provide protection to the car against losses incurred due to accidents or other unfortunate circumstances. Your best bet would be to opt for a fully comprehensive car insurance policy. Here, depending on your premium, your car is insured for just about anything. Even though it is an expensive policy to go through with, as the premium paid is much higher, it is probably the best that is available as it takes care of any kind of damage that your car may undergo. An important question to ask however, is how car insurance policy works? The insured pays a stipulated premium to the insurance company, which in turn covers the financial losses involving the car, for the duration of the policy. Car insurance covers aspects such as bodily damages, property damage liability, uninsured motorist coverage, medical payment, collision coverage, and others.

A lot of thought goes into purchasing the right kind of car insurance policy. Today, car insurance even has separate insurance types for men, women and teenagers! Men, as opposed to women, are considered to be rasher while driving and are thus more prone to accidents. Since teenagers are also considered to be in a group most prone to accidents, there is a chance that the premium they need to pay is higher.

With several cars’ insurance companies mushrooming everywhere, companies are constantly struggling to bring out the best car-insurance plans. Usually, four types of insurance covers are followed- fully comprehensive auto insurance, third party insurance, specialised car insurance, third party-fire insurance, and theft insurance. Companies in India thus offer car insurance at four different levels, depending on the premium you pay for it.

Consider the Third-party, fire and theft insurance policy; it involves a comparatively cheaper premium but insures your car when you are at fault and have hit a third party. This insurance covers the costs of your vehicle in case of fire, theft or accident and the benefit one receives from this is that the insurance company is essentially paying up for a damage that you have caused! The age of vintage cars and its functionality is an important aspect while considering car insurance for it. With specialised car insurance, vintage cars are covered with a policy similar to the fully-comprehensive plan, but since these cars’ requirements are different, the plan also varies.

Make sure you go through the terms and conditions of car insurance policies before opting for a particular one, as you must ensure that you opt for a policy that best fits your needs.



About the Author

Tata AIG Insurance is a leading general Insurance provider in India. The company provide various insurance solutions such as car insurance , shop insurance, building insurance & other insurance services for the individuals as well as corporate.










Many Facets Of Life Insurance

Article by Johan Dirano









Insurance covers risk, life insurance covers the risk to life. Life insurance has become an important tool of providing security to the family in case of premature death of the earning member.It has come a long way from being a simple life insurance; from a protection to family against the earning member’s death to investment and wealth generation.

Know your purpose of buying life insurance. It could beLifetime income for dependents Children’s education fundGet added income along with insuranceProvide for the retirement years

Life insurance still remains risk cover first. It insures life. Other benefits are added to support and cater various situations that one may face in life. It is as important to understand that in most cases, insurance is a long term contract and the terms cannot be changed in between. Each life insurance type has a specific purpose and we need to understand that and compare with our needs before finalizing anything.

Let us study the insurance options available

Term InsuranceTerm insurance is a pure risk cover plan taken for a fixed duration to cover a specific risk. You pay a specific premium for a specific sum assured for a given period. The policy ceases as soon as the payment term is over. It is the cheapest life insurance one can get; maximum cover for minimum possible premium. The reason for this is that there are no returns if the insured person outlives the insurance term. The policy simply stops. Though there are options like term plan with return of premium option the premium rises.

It is ideal for those who are sole earning members, have dependents and who want to cover the dependents in case something happens to them. In case one has liabilities like home loans etc. and also has dependents, term insurance becomes even more relevant.

Child PlansChild plans make sure that the child’s financial requirements are met with effectively at their crucial life stages. They work more like investment plans where you pay a specific premium over a given period of time and get back a substantial corpus when the child reaches a certain age. The duration of the policy depends on the child’s age.

Child plans usually come with payer benefit or waiver of premium attached. So, if case something happens to the parent or the payer of the policy, it still remains in force and the child gets the maturity amount as planned.

It is ideal for people with young children who wish to plan for their children’s higher education and training needs. It can be planned as a means to be prepared for extra expenditures for professional training. One can choose between a pure endowment child plan and child plan that ensures periodic payments.

Investment plansInvestment plans combine the benefits of investment and wealth generation along with the security of insurance. They can further be classified into Traditional plans like endowment and money back plans or unit linked insurance plans commonly called ULIPS.Endowment plans Endowment plans are investment linked insurance plans. They have a fixed maturity date for a fixed sum assured. The premium is calculated on the basis of maturity amount and duration of the policy. Every parameter is specified in an endowment plan. Some plans have the option of bonus payments. This depends upon the performance of the insurance company, calculated on the sum assured. The amount is added to the maturity amount.

It is good option for those who anticipate major expenditure at a particular time. The insured gets a lump sum amount on the maturity date that may become a good financial support.

Money Back PlansMoney back plan is also traditional investment linked insurance plan. It gives periodic payments of fixed percentage of the sum assured to the insured person during the policy term. If the policy holder survives the policy term he gets the maturity amount. If he/she dies during the term of the policy, the nominees get total sum assured irrespective of the previous payments. Some money back plans may also have the bonus option. The bonus is added to the final payment of the maturity amount or the sum assured as the case maybe.

It is preferred by those doing life stage planning who may require financial assistance at regular intervals over a period of time. The added advantage of getting full sum assured in case of an eventuality without deducting any previous payments makes it even more attractive when planning.

ULIPSUnit linked insurance plans or ULIPs are market linked insurance plans. Here the investment or the wealth generation part is linked to the market. While in the traditional plans the risk if any is borne by the insurance company, in a ULIP the market linked risk is borne by the insured. If the market is doing well, the

Encompass Insurance Phone Number – Auto Insurance Complaints Can Tell You Many Things

Article by Insurance Expert









Encompass Insurance Phone Number

If you are looking to get a good auto insurance company to provide you with a great experience you should think about what other customers think about this particular company. A number of auto insurance complaints are ones that can be fielded by different companies throughout the year.

It is best to look not necessarily into the number of complaints that an insurance provider deals with in a year but rather the ratio of complaints to customers. It helps to see how many auto insurance complaints for individual providers were upheld to where these providers were liable for doing things that were wrong for one’s needs. This ratio is especially useful because of how in many cases a larger firm that has more customers and more complaints that they were liable for could be one that is better than that of another smaller one. Check Internet #1 Encompass Insurance Phone Number right now!

Another thing to do is to consider the types of complaints that companies get. The most common type of complaint deals with concerns about monetary settlements. However there are other complaints that can be involved including the amount of time it takes for a provider to respond to something, complaints over policy terminations and concerns over how some providers work with preferred auto shops when it comes to repairing vehicles.

Be sure to check online with reports on different types of providers. Many people who were dissatisfied with their providers can offer complaints online. You should check on these so that you can get an idea on what a provider might do with regards to certain processes.

When you get this information you can learn quite a bit about a typical provider. Auto insurance complaints can tell you how reliable some providers are and also on what concerns people have to deal with when doing business with these companies. Check Internet #1 Encompass Insurance Phone Number right now!



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Understanding The Many Kinds Of Business Insurance

Because different businesses are set up in diverse ways and include a wide range of assets and liabilities, business insurance Los Angeles is one of the most complicated kinds of insurance you can buy. Almost everything can be insured including employees, merchandise, vehicles and property. This is great for the flexibility of coverage that it offers, but it can be difficult to navigate all the ins and outs. Here is a review of the basic types.

There are nine basic categories of business insurance:

-Property Insurance covers business premises and contents against loss or damage. It can also cover third-party property that belongs to someone who is engaged professionally with the business.

-Casualty Insurance protects against loss or damage to the business. It is similar to liability insurance, though more elastic.

-Liability Insurance protects you financially in the case of another business or individual taking legal action against the business.

-Commercial Auto is like regular auto insurance, but it specifically covers business vehicles should they be a party to damage or accident. It is necessary for any company that owns a vehicle as personal auto insurance will not cover these situations.

-Workers Compensation follows state guidelines. For business insurance Los Angeles this insurance is required without exception. In effect, this service offers almost automatic reimbursement to injured workers in exchange for their agreement not to sue their employer for damages.

-Business Interruption insurance offers reimbursement of projected losses based on a production delay of some kind. This insurance kicks in if business is forced to stop while an important repair or adjustment is made. The business recoups lost revenue in exchange for the payment of premiums.

-Health Insurance is currently in a state of flux nation-wide. Depending on the size of a business, it may or may not be required to offer health insurance to its employees. More and more business are trying to include a health insurance package in order to attract new workers.

-Life and Disability Insurance protects important partners or other business personal. These policies are intended to keep the company solvent should an unexpected death interrupt operations.

-Scripted Policy includes specialty insurance that is written for a very specific purpose. A boxer who insured his hands would be one extreme example.

The first two kinds of insurance described above are often packaged together and called property and casualty insurance. This combination is considered to offer good coverage for basic business needs. Obviously, it is important to carefully analyze the specifics of your business to insure appropriate coverage. It is a good idea to begin with an insurance company that has the capacity to offer more comprehensive coverage as your company grows. Find one that has good rates and policies and who are easy to work with. As always, consult around before you buy to insure a good understanding of the ins and outs of the business insurance market.


Please visit our website here for more information or visit our blog. Thank you.


Article from articlesbase.com

Related Business Insurance Articles

Understanding The Many Kinds Of Business Insurance

Article by Barbara Jackson







Because different businesses are set up in diverse ways and include a wide range of assets and liabilities, business insurance Los Angeles is one of the most complicated kinds of insurance you can buy. Almost everything can be insured including employees, merchandise, vehicles and property. This is great for the flexibility of coverage that it offers, but it can be difficult to navigate all the ins and outs. Here is a review of the basic types.

There are nine basic categories of business insurance:

-Property Insurance covers business premises and contents against loss or damage. It can also cover third-party property that belongs to someone who is engaged professionally with the business.

-Casualty Insurance protects against loss or damage to the business. It is similar to liability insurance, though more elastic.

-Liability Insurance protects you financially in the case of another business or individual taking legal action against the business.

-Commercial Auto is like regular auto insurance, but it specifically covers business vehicles should they be a party to damage or accident. It is necessary for any company that owns a vehicle as personal auto insurance will not cover these situations.

-Workers Compensation follows state guidelines. For business insurance Los Angeles this insurance is required without exception. In effect, this service offers almost automatic reimbursement to injured workers in exchange for their agreement not to sue their employer for damages.

-Business Interruption insurance offers reimbursement of projected losses based on a production delay of some kind. This insurance kicks in if business is forced to stop while an important repair or adjustment is made. The business recoups lost revenue in exchange for the payment of premiums.

-Health Insurance is currently in a state of flux nation-wide. Depending on the size of a business, it may or may not be required to offer health insurance to its employees. More and more business are trying to include a health insurance package in order to attract new workers.

-Life and Disability Insurance protects important partners or other business personal. These policies are intended to keep the company solvent should an unexpected death interrupt operations.

-Scripted Policy includes specialty insurance that is written for a very specific purpose. A boxer who insured his hands would be one extreme example.

The first two kinds of insurance described above are often packaged together and called property and casualty insurance. This combination is considered to offer good coverage for basic business needs. Obviously, it is important to carefully analyze the specifics of your business to insure appropriate coverage. It is a good idea to begin with an insurance company that has the capacity to offer more comprehensive coverage as your company grows. Find one that has good rates and policies and who are easy to work with. As always, consult around before you buy to insure a good understanding of the ins and outs of the business insurance market.



About the Author

Visit Business Insurance Los Angeles for more information or visit our blog at http://thesameshape.com/business-insurance-los-angeles-2/.

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