Monday, 27 June 2016
Sunday, 19 June 2016
Travel Medical Insurance for Worry-Free Trips
Do you like to travel? Busy and tight schedules can get you all exhausted and burned out. You will certainly need time to relax and unwind. You can book for pleasure trips or holiday trips to take a rest. Some people also travel for other reasons, as with business trips. Whether you’re on a holiday or business trip, you will surely need travel medical insurance.
What then is a travel medical insurance? This is only a temporary insurance policy. It covers your vacation travel or business trip. The travel medical insurance can be used independently or it can also be used together with your existing policy.
Usually, travel agencies offer this kind of policies. However, the policy can cost you huge money. But if you can go directly to the insurance provider, you can save a lot of money which you can use in your travels. The best way is to search the internet for the different websites of the popular and reputable insurance companies. You can get online quotes which you can compare with each other.
Insurance policies are costly but travel medical insurance is mostly cheap. Vacation is all about having fun and you can enjoy your vacation travel more if you’re insured. You’ll never know when accidents strike or if you’re going to get sick. If you do have a travel medical insurance, you can save a lot of money from paying medical bills. Insurance policies are worth it and it is a good investment.
Medical plans follow certain guidelines in their coverage. Of course, you can use the plans in different countries but it all depends in the circumstances. Like for instance, you get sick on board a ship. Some plans will not cover the bills in full but only in half. But if you have a travel medical insurance, the full amount can be covered and you get to enjoy other benefits as well.
Travel medical insurance can be obtained without securing medical examinations, so the policies are available to almost every traveler. However, pre-existing conditions are not covered but if ever you get sick or meet an accident while traveling, you can deal with the situation with ease.
Now, trips are far more enjoyable with the help of travel medical insurance. If you definitely need travel insurance, it’s high time you get one. But if you don’t need one because your medical plan covers your entire trip, you don’t have to incur additional expenses. However, do not assume that your existing policy covers your travel. Nothing would hurt if you consult your provider first; just to make sure.
Bad things can happen – it can happen to you or to a loved one. So before anything bad happens, don’t book a travel if you haven’t purchased travel medical insurance yet.
Travel medical insurance is not hard to find. In fact, you can find the offices of insurance providers in your local area. If you can’t find the local offices or if you’re too busy, make use of the internet. This is the fastest and easiest ways to obtain several quotes in minutes.
Make sure that you stick with the reputable and experienced insurance providers. After all, you’re going to pay for the policies and you need to ensure that you’re protected especially in an unfamiliar territory. Secure travel medical insurance now before it’s too late.
What then is a travel medical insurance? This is only a temporary insurance policy. It covers your vacation travel or business trip. The travel medical insurance can be used independently or it can also be used together with your existing policy.
Usually, travel agencies offer this kind of policies. However, the policy can cost you huge money. But if you can go directly to the insurance provider, you can save a lot of money which you can use in your travels. The best way is to search the internet for the different websites of the popular and reputable insurance companies. You can get online quotes which you can compare with each other.
Insurance policies are costly but travel medical insurance is mostly cheap. Vacation is all about having fun and you can enjoy your vacation travel more if you’re insured. You’ll never know when accidents strike or if you’re going to get sick. If you do have a travel medical insurance, you can save a lot of money from paying medical bills. Insurance policies are worth it and it is a good investment.
Medical plans follow certain guidelines in their coverage. Of course, you can use the plans in different countries but it all depends in the circumstances. Like for instance, you get sick on board a ship. Some plans will not cover the bills in full but only in half. But if you have a travel medical insurance, the full amount can be covered and you get to enjoy other benefits as well.
Travel medical insurance can be obtained without securing medical examinations, so the policies are available to almost every traveler. However, pre-existing conditions are not covered but if ever you get sick or meet an accident while traveling, you can deal with the situation with ease.
Now, trips are far more enjoyable with the help of travel medical insurance. If you definitely need travel insurance, it’s high time you get one. But if you don’t need one because your medical plan covers your entire trip, you don’t have to incur additional expenses. However, do not assume that your existing policy covers your travel. Nothing would hurt if you consult your provider first; just to make sure.
Bad things can happen – it can happen to you or to a loved one. So before anything bad happens, don’t book a travel if you haven’t purchased travel medical insurance yet.
Travel medical insurance is not hard to find. In fact, you can find the offices of insurance providers in your local area. If you can’t find the local offices or if you’re too busy, make use of the internet. This is the fastest and easiest ways to obtain several quotes in minutes.
Make sure that you stick with the reputable and experienced insurance providers. After all, you’re going to pay for the policies and you need to ensure that you’re protected especially in an unfamiliar territory. Secure travel medical insurance now before it’s too late.
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Do You Need Travel Insurance in your Great UK Vacation?
Whenever you’re offered travel insurance, you probably can imagine yourself with broken legs due to a vehicular accident, eating a badshrimp, or having a mishap in a foreign rental car. If your from UK, a local weekend trip within the boundaries of UK may not need any travel insurance. But if your from not there and have plans of traveling to UK, you will definitely need travel insurance.
In reality, you will surely need travel insurance in UK. But it can be used in certain situations only. If you’re injured in UK, you don’t need to claim against your existing life insurance. You can use the travel insurance when you cancel or cut short a holiday trip. For instance, you’re on a holiday trip in UK for two weeks and halfway, you get injured and you have to stay in the hospital. Your holiday vacation is cut short and you have to take care of the hospital bills and the hotel accommodations. If you have travel insurance, the insurance provider will be the one to cover such expenses.
More and more people are now taking advantage of domestic flights because they are already cheaper. Road trips are too exhausting. Canceling holiday vacations will usually leave you without money but do not worry because your travel insurance can also take care of that. Lost luggage is also included because this usually happens in domestic flights. So even if you your MP3s, cameras, or other valuables are lost together with the luggage, you can easily replace them through the help of your travel insurance.
So whether you have plans of going to another country or to other parts of UK, travel insurance will always come handy. If you don’t know much about travel insurance, make sure that you consult a legitimate travel agent or your travel insurance provider. Check with them first before making any purchase of insurance policies. They are the ones who can educate and familiarize you with the different policies and their coverage for your country of destination. Don’t forget to check the emergency lines of the insurance claims since they are open 24/7.
Traveling in UK is much more relaxing and enjoyable if you have your own travel insurance. Although it is considered an additional expense, it will still be a worthy investment just in case you do get ill or injured. It is better to pay for travel insurance rather than exhausting your pockets for countless medical bills abroad or other local UK destinations. Unexpected circumstances can give you a terrible headache but if you have the travel policy, you don’t have to worry about a thing.
Having travel insurance is not considered a luxury but it is a necessity. Who says travel insurance is only for the rich and powerful? Even ordinary individuals can obtain travel insurance and you can purchase them online or in the local offices of the insurance providers. You can also get them in travel agencies when you book your travels. So the decision is entirely yours. If you want to pursue an unsecured trip, then so be it. But if you’re a smart traveler looking for peace of mind and an enjoyable trip, seek help first in purchasing suitable travel insurance.
Whether you’re in UK, in the United States, Canada, or anywhere in the world, the need for travel insurance cannot be denied. Get one now and feel safer when traveling.
In reality, you will surely need travel insurance in UK. But it can be used in certain situations only. If you’re injured in UK, you don’t need to claim against your existing life insurance. You can use the travel insurance when you cancel or cut short a holiday trip. For instance, you’re on a holiday trip in UK for two weeks and halfway, you get injured and you have to stay in the hospital. Your holiday vacation is cut short and you have to take care of the hospital bills and the hotel accommodations. If you have travel insurance, the insurance provider will be the one to cover such expenses.
More and more people are now taking advantage of domestic flights because they are already cheaper. Road trips are too exhausting. Canceling holiday vacations will usually leave you without money but do not worry because your travel insurance can also take care of that. Lost luggage is also included because this usually happens in domestic flights. So even if you your MP3s, cameras, or other valuables are lost together with the luggage, you can easily replace them through the help of your travel insurance.
So whether you have plans of going to another country or to other parts of UK, travel insurance will always come handy. If you don’t know much about travel insurance, make sure that you consult a legitimate travel agent or your travel insurance provider. Check with them first before making any purchase of insurance policies. They are the ones who can educate and familiarize you with the different policies and their coverage for your country of destination. Don’t forget to check the emergency lines of the insurance claims since they are open 24/7.
Traveling in UK is much more relaxing and enjoyable if you have your own travel insurance. Although it is considered an additional expense, it will still be a worthy investment just in case you do get ill or injured. It is better to pay for travel insurance rather than exhausting your pockets for countless medical bills abroad or other local UK destinations. Unexpected circumstances can give you a terrible headache but if you have the travel policy, you don’t have to worry about a thing.
Having travel insurance is not considered a luxury but it is a necessity. Who says travel insurance is only for the rich and powerful? Even ordinary individuals can obtain travel insurance and you can purchase them online or in the local offices of the insurance providers. You can also get them in travel agencies when you book your travels. So the decision is entirely yours. If you want to pursue an unsecured trip, then so be it. But if you’re a smart traveler looking for peace of mind and an enjoyable trip, seek help first in purchasing suitable travel insurance.
Whether you’re in UK, in the United States, Canada, or anywhere in the world, the need for travel insurance cannot be denied. Get one now and feel safer when traveling.
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Easy Application for Travel Insurance Online
So you've finally decided to go for a trip abroad. Perhaps you have already packed all your things but you may be forgetting one thing – your travel insurance policy. Do you have it already or you still haven’t got one?
Well, if you forgot to secure travel insurance, there is no need to panic because you can easily purchase one online. There are many internet facilities that you can make use which allows you to purchase a policy in seconds.
Communications nowadays is far better through the internet. It is fast and easy; aside from that, it can also be used to obtain different information that you may need. The internet is a necessity and not just a luxury. You see, now you can book airline tickets, shop for groceries online, and many others.
At present, it is now possible to purchase travel insurance through the use of the internet. Simply type the words 'travel insurance' on the search box of your favorite search engine and you can access multiple sites that can cater to your needs. The profiles and company names will be displayed on the search results. All you have to do is check each of the insurance providers to determine the best one that can meet most, if not all of your needs.
You have to choose from different kinds of policies in travel insurance. You can find backpacker, business, medical, multi trip, and single trip insurance policies. To identify the policy that suits you, you must first identify your insurance needs first as well as your financial standing.
There are several advantages when you apply for travel insurance through the internet. It can include –
• No lengthy paperwork
• You can get a discount by purchasing a policy online
• You can save time and energy because you don’t have to travel to and from the physical offices of the insurance providers
• You can get several quotes in one sitting at home or in the office
• All you need is a good working computer and a fast internet connection
Now that you know the advantages in purchasing travel insurance online, you will never think of shopping for it offline.
Packing your things can take time so you don’t need to waste time in buying travel insurance offline because now there is an easier and faster way. Thanks to the internet and the modern technology of today's times.
Don’t get too excited yet because choosing good travel insurance can get complicated especially if this is your first time. It would be best to ask someone who already has travel insurance to help you out in your search. Start by making a list of your traveling needs and then your budget at the moment.
Remember that you have to spend on other things other than the travel insurance. You have to make hotel reservations, some petty cash on hand, purchase airline tickets, and many others. Find a travel insurance policy that you can afford but at the same meets most of your needs. The insurance provider should also have excellent records in serving their clients.
Log on to the internet now and conduct a search on travel insurance online. All the information you need is already there. All you have to do is to familiarize yourself with the different information provided. Apply now and get ready to travel abroad without worries.
Well, if you forgot to secure travel insurance, there is no need to panic because you can easily purchase one online. There are many internet facilities that you can make use which allows you to purchase a policy in seconds.
Communications nowadays is far better through the internet. It is fast and easy; aside from that, it can also be used to obtain different information that you may need. The internet is a necessity and not just a luxury. You see, now you can book airline tickets, shop for groceries online, and many others.
At present, it is now possible to purchase travel insurance through the use of the internet. Simply type the words 'travel insurance' on the search box of your favorite search engine and you can access multiple sites that can cater to your needs. The profiles and company names will be displayed on the search results. All you have to do is check each of the insurance providers to determine the best one that can meet most, if not all of your needs.
You have to choose from different kinds of policies in travel insurance. You can find backpacker, business, medical, multi trip, and single trip insurance policies. To identify the policy that suits you, you must first identify your insurance needs first as well as your financial standing.
There are several advantages when you apply for travel insurance through the internet. It can include –
• No lengthy paperwork
• You can get a discount by purchasing a policy online
• You can save time and energy because you don’t have to travel to and from the physical offices of the insurance providers
• You can get several quotes in one sitting at home or in the office
• All you need is a good working computer and a fast internet connection
Now that you know the advantages in purchasing travel insurance online, you will never think of shopping for it offline.
Packing your things can take time so you don’t need to waste time in buying travel insurance offline because now there is an easier and faster way. Thanks to the internet and the modern technology of today's times.
Don’t get too excited yet because choosing good travel insurance can get complicated especially if this is your first time. It would be best to ask someone who already has travel insurance to help you out in your search. Start by making a list of your traveling needs and then your budget at the moment.
Remember that you have to spend on other things other than the travel insurance. You have to make hotel reservations, some petty cash on hand, purchase airline tickets, and many others. Find a travel insurance policy that you can afford but at the same meets most of your needs. The insurance provider should also have excellent records in serving their clients.
Log on to the internet now and conduct a search on travel insurance online. All the information you need is already there. All you have to do is to familiarize yourself with the different information provided. Apply now and get ready to travel abroad without worries.
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Travel Insurance in Canada – A Smart Choice
Not everyone is given the opportunity to travel abroad, especially to a beautiful place like Canada. Now, a trip to Canada can happen only once in your life since a trip like that is very costly. With everything in the market soaring high in terms of the price, every decision you make should be the wisest. You're only human so you can't possibly expect the whole trip to go your way. What if something bad happens, like accidents or medical emergencies? You can't control everything and the answer to this having travel insurance in Canada
.
The insurance industry is under very tough competition. Most of the insurance companies are willing to offer people with the best travel insurance that suits their particular preferences and needs. Traveling is considered an investment and in order to protect that investment, you must get the appropriate travel insurance.
You can surf the net for useful information that you can use in the selection process. As mentioned earlier, there is a stringent competition among leading insurance companies. Choosing only one travel insurance provider can be very difficult. Browse the internet and while you're doing that, determine the coverage you like. You should consider certain factors like health conditions, age, destination (in this case, Canada), and the journey duration. If you have any pre-existing condition, ask the insurance provider if it can be covered.
Travel insurance nowadays is considered a necessity just like the other types of insurance. There are many unpredictable circumstances that you can encounter in Canada. That can include travel delays, trip cancellations, loss of personal belongings and luggage, medical expenses, emergency evacuation, and even accidental death.
Make sure that you get a travel insurance that is suited for Canada travel. This is the largest country in the world and you can visit a wide range of geographical and cultural features. You can visit untamed landscapes and for this reason, safety precautions are advised and that includes the purchase of a travel insurance policy.
Ask the insurance company if they offer additional features such as probable medical benefit, document loss, and accidental death. These are unexpected situations but in reality, they can happen to anyone. Get complete travel insurance so that you're prepared no matter what happens. Make sure that you arrive at an informed decision and in order to do so, try to conduct an online search so that you can compare the benefits and the different prices. To make it easier, canvas and then compare.
Finding the appropriate travel insurance quote is a bit tricky. Go online and find the free quotes offered by the different insurance providers. Compare figures and consider the policy benefits. Before you can get quotes, you should first fill up a form online and after doing so, several companies will send their quotes. You can check out the insurance options, coverage, deductibles, exclusions, and other important details. Now, you can pick the plan that best suits your preferences and needs.
Make sure that you visit only the reputable websites. There are leading Canadian insurance companies that you can check out. Rest assured that these Canadian insurance companies continue to meet the demands of a diversified population. After purchasing the best and most appropriate travel insurance in Canada, you can now create lasting memories during your travel there. Don’t be skeptical, purchase your travel insurance now.
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.
The insurance industry is under very tough competition. Most of the insurance companies are willing to offer people with the best travel insurance that suits their particular preferences and needs. Traveling is considered an investment and in order to protect that investment, you must get the appropriate travel insurance.
You can surf the net for useful information that you can use in the selection process. As mentioned earlier, there is a stringent competition among leading insurance companies. Choosing only one travel insurance provider can be very difficult. Browse the internet and while you're doing that, determine the coverage you like. You should consider certain factors like health conditions, age, destination (in this case, Canada), and the journey duration. If you have any pre-existing condition, ask the insurance provider if it can be covered.
Travel insurance nowadays is considered a necessity just like the other types of insurance. There are many unpredictable circumstances that you can encounter in Canada. That can include travel delays, trip cancellations, loss of personal belongings and luggage, medical expenses, emergency evacuation, and even accidental death.
Make sure that you get a travel insurance that is suited for Canada travel. This is the largest country in the world and you can visit a wide range of geographical and cultural features. You can visit untamed landscapes and for this reason, safety precautions are advised and that includes the purchase of a travel insurance policy.
Ask the insurance company if they offer additional features such as probable medical benefit, document loss, and accidental death. These are unexpected situations but in reality, they can happen to anyone. Get complete travel insurance so that you're prepared no matter what happens. Make sure that you arrive at an informed decision and in order to do so, try to conduct an online search so that you can compare the benefits and the different prices. To make it easier, canvas and then compare.
Finding the appropriate travel insurance quote is a bit tricky. Go online and find the free quotes offered by the different insurance providers. Compare figures and consider the policy benefits. Before you can get quotes, you should first fill up a form online and after doing so, several companies will send their quotes. You can check out the insurance options, coverage, deductibles, exclusions, and other important details. Now, you can pick the plan that best suits your preferences and needs.
Make sure that you visit only the reputable websites. There are leading Canadian insurance companies that you can check out. Rest assured that these Canadian insurance companies continue to meet the demands of a diversified population. After purchasing the best and most appropriate travel insurance in Canada, you can now create lasting memories during your travel there. Don’t be skeptical, purchase your travel insurance now.
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Travel Health Insurance and its Great Importance
You’ve probably received lots of communication letters from different insurance companies by now, and most of them end up in the wastebasket. But you see you may also be throwing away your life or at the least, your health. Insurance policies are important even if they do cost a lot. Everything in this world is uncertain. If you travel every now and then, you’re more prone to accidents and injuries and having a good travel health insurance policy may come handy.
A travel health insurance is highly recommended and this is not just to build up insurance companies. Emergencies may come up and you probably don’t want to be caught without an insurance policy or with a policy with limited coverage.
If you don’t have travel health insurance yet, be sure that you get one from a legitimate and reputable insurance provider. When booking for travel, travel agencies would usually offer you with insurance. Remember this- don’t take any policy from these people. You can get one from any insurance agency or one from one that's online.
Getting insurance policies from insurance agencies is a good option. The agents can educate you with the different forms of insurance they offer and their coverage. You can also save because you disregarded the middleman, which in this case happens to be the travel agency. By consulting with the insurance agency, you can get more benefits as well. You can freely discuss with the agent all your coverage needs. There are many options that you can choose from like the coverage amount, health benefits, trip insurance, and many others.
If you don’t have time to visit the physical offices of insurance agencies, you can visit them online. There are online sites that you can visit. Comparison sites are also available online and you can visit them freely. They can provide you with several quotes so that you can compare them online and choose the best policy that can meet your needs. Once you’ve chosen the best policy that meets most of your needs, you can purchase the policy online.
Perhaps you already have an existing insurance policy. You may want to re-check with your insurance provider with the coverage of your policy. However, having an additional travel health insurance policy is more beneficial. Some of the benefits offered by an additional policy may not be provided by your existing policy. It is best to have another policy especially if you’re a frequent traveler.
Travel health insurance or travel insurance, they are all the same. They only differ in the coverage and premiums. Make sure that you choose one that you can afford. If you can’t afford the expensive policies, you can get the cheap ones. It doesn’t really matter whether the policy is expensive or cheap, what matters is that the policy meets your needs.
The options have already been laid down for you – you can visit the physical offices of the insurance companies or you can visit the online sites of the reputable insurance companies. So you choose between these two options- whichever is more convenient.
Some of the prominent insurance companies that you can find online are Churchill, ASDA, Direct Line, Tesco, Posy Office, Saga, Nationwide, Columbus, and many others. Visit any of the major insurance companies now and get quotes. Choose your travel health insurance carefully. You have to consider the premiums, your capacity to pay for the policy’s price, etc.
A travel health insurance is highly recommended and this is not just to build up insurance companies. Emergencies may come up and you probably don’t want to be caught without an insurance policy or with a policy with limited coverage.
If you don’t have travel health insurance yet, be sure that you get one from a legitimate and reputable insurance provider. When booking for travel, travel agencies would usually offer you with insurance. Remember this- don’t take any policy from these people. You can get one from any insurance agency or one from one that's online.
Getting insurance policies from insurance agencies is a good option. The agents can educate you with the different forms of insurance they offer and their coverage. You can also save because you disregarded the middleman, which in this case happens to be the travel agency. By consulting with the insurance agency, you can get more benefits as well. You can freely discuss with the agent all your coverage needs. There are many options that you can choose from like the coverage amount, health benefits, trip insurance, and many others.
If you don’t have time to visit the physical offices of insurance agencies, you can visit them online. There are online sites that you can visit. Comparison sites are also available online and you can visit them freely. They can provide you with several quotes so that you can compare them online and choose the best policy that can meet your needs. Once you’ve chosen the best policy that meets most of your needs, you can purchase the policy online.
Perhaps you already have an existing insurance policy. You may want to re-check with your insurance provider with the coverage of your policy. However, having an additional travel health insurance policy is more beneficial. Some of the benefits offered by an additional policy may not be provided by your existing policy. It is best to have another policy especially if you’re a frequent traveler.
Travel health insurance or travel insurance, they are all the same. They only differ in the coverage and premiums. Make sure that you choose one that you can afford. If you can’t afford the expensive policies, you can get the cheap ones. It doesn’t really matter whether the policy is expensive or cheap, what matters is that the policy meets your needs.
The options have already been laid down for you – you can visit the physical offices of the insurance companies or you can visit the online sites of the reputable insurance companies. So you choose between these two options- whichever is more convenient.
Some of the prominent insurance companies that you can find online are Churchill, ASDA, Direct Line, Tesco, Posy Office, Saga, Nationwide, Columbus, and many others. Visit any of the major insurance companies now and get quotes. Choose your travel health insurance carefully. You have to consider the premiums, your capacity to pay for the policy’s price, etc.
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Tesco Travel Insurance – A Name You Can Trust
One of the good things you can enjoy whenever you're trying to purchase something is that you have a lot of choices. This is also true with travel insurance. You see, there are so many insurance providers out there and oftentimes this makes it hard for prospective clients to choose the best one. If you're still having trouble in choosing one insurance provider, perhaps you might want to check out Tesco Travel Insurance.
Just like any household name out there that you can always trust, Tesco PLC is a good choice when it comes to travel insurance. Tesco Insurance is deeply committed to price, quality, and customer service.
Tesco does not only offer travel insurance but they can also insure your home, car, medical bills, life, and even your pet cat or dog. It is very hard to find one company that offers many things to their customers. Tesco offers competitive premiums and it is considered as one of the leading insurance providers in the market.
A good thing about Tesco is that they offer a wide range of insurance coverage and you can still have it tailor fitted to meet your needs. Their insurance and financial products are designed based on your capacity in life. Now, some insurance providers don’t give their customers the freedom to choose which is included in the coverage and which is not. But with Tesco, you can select the appropriate insurance options in order to suit the desired requirements. By choosing Tesco, you will only pay for your desired coverage.
Feel free to choose the right type of insurance for your needs. Their official website is full of information that are straightforwardly arranged so you can understand how everything works in a couple of minutes. You will not be bothered by sales people or brokers because you're in charge as you visit the site.
As a paying customer, you want excellent customer service and that's what you can expect from Tesco. You can test this once you get a claim. Tesco has claims advisers who are dedicated to guide you as you go through the claiming process. You can finish your task quickly and without much delay. Tesco is a name that you can surely trust with your life.
Tesco travel insurance covers extreme sports which are not usually covered by other insurance providers. So if you have plans of putting your fears to the extreme test, get Tesco travel insurance. With good travel insurance, you will havepeace of mind and you can enjoy your travels because you don’t have to worry about a thing.
If you want all your travels protected, get a Tesco travel insurance now. But before you shop for your travel insurance, make sure that you already have a list of your requirements or insurance needs. This will make the entire selection process easy and fast. You can save a lot of time especially if you secure the insurance online on their website.
So what are you waiting for? Still not convinced of Tesco's good reputation and name? Try to visit their site now and see for yourself. Only then can you actually tell if their policies are great or not. Find a suitable travel insurance that can meet all your needs and you will surely not hesitate to pay for it. After all, your life is at stake especially when you travel abroad; so keep yourself protected at all times.
Just like any household name out there that you can always trust, Tesco PLC is a good choice when it comes to travel insurance. Tesco Insurance is deeply committed to price, quality, and customer service.
Tesco does not only offer travel insurance but they can also insure your home, car, medical bills, life, and even your pet cat or dog. It is very hard to find one company that offers many things to their customers. Tesco offers competitive premiums and it is considered as one of the leading insurance providers in the market.
A good thing about Tesco is that they offer a wide range of insurance coverage and you can still have it tailor fitted to meet your needs. Their insurance and financial products are designed based on your capacity in life. Now, some insurance providers don’t give their customers the freedom to choose which is included in the coverage and which is not. But with Tesco, you can select the appropriate insurance options in order to suit the desired requirements. By choosing Tesco, you will only pay for your desired coverage.
Feel free to choose the right type of insurance for your needs. Their official website is full of information that are straightforwardly arranged so you can understand how everything works in a couple of minutes. You will not be bothered by sales people or brokers because you're in charge as you visit the site.
As a paying customer, you want excellent customer service and that's what you can expect from Tesco. You can test this once you get a claim. Tesco has claims advisers who are dedicated to guide you as you go through the claiming process. You can finish your task quickly and without much delay. Tesco is a name that you can surely trust with your life.
Tesco travel insurance covers extreme sports which are not usually covered by other insurance providers. So if you have plans of putting your fears to the extreme test, get Tesco travel insurance. With good travel insurance, you will havepeace of mind and you can enjoy your travels because you don’t have to worry about a thing.
If you want all your travels protected, get a Tesco travel insurance now. But before you shop for your travel insurance, make sure that you already have a list of your requirements or insurance needs. This will make the entire selection process easy and fast. You can save a lot of time especially if you secure the insurance online on their website.
So what are you waiting for? Still not convinced of Tesco's good reputation and name? Try to visit their site now and see for yourself. Only then can you actually tell if their policies are great or not. Find a suitable travel insurance that can meet all your needs and you will surely not hesitate to pay for it. After all, your life is at stake especially when you travel abroad; so keep yourself protected at all times.
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Student Travel Insurance – A Must for Students
As a child, your parents prefer to send you to a school found in the local area. This helps them to monitor you in school because you're not far away. However, as you grow older, you soon realize that you need to pursue your studies abroad where you can learn greater knowledge and experience. This is not unusual in today's modern times and if you do decide to study abroad, you should never forget to get a student travel insurance.
Studying abroad can change a student's life drastically. The whole experience may be intimidating to you as a student but if you have student travel insurance, some of your concerns are eased. You can be sure that things like emergencies and hospital costs will not bother you.
There are different types of insurance policies and a student travel insurance is just one of them. It protects you as you study abroad and while you're away from the comforts of your home. Some student insurance policies differ in the coverage but oftentimes it includes the following – health and accident benefits, medical evacuation, lost luggage, travel delay or interruption, stolen money, and many others. You need to determine the ones you want covered in the insurance so you need to look into each policy that comes your way. Compare the coverage and benefits as well as the exclusions. The price of the policy is not a major consideration however, if you have budgetary constraints, you can choose a cheap policy that offers most of your coverage needs.
Students studying abroad often get sick because of climate and weather changes, being homesick, or catch foreign diseases. The student can recover from whatever illness or accident that he or she encounters. As a student, you need to be prepared for these things and you already know your ticket to a problem-free student life abroad – and that is having student travel insurance.
Whether you're a teenager or an adult student, you definitely need student travel insurance. This is a need and not just a luxury. High school, college, masteral courses, or even doctoral degree students should still have insurance. You see, studying in a foreign country is very much different from studying locally so you must always prepare for the worst. This is not to scare you in any way but wouldn’t it be better to have some form of insurance to ensure your safety? Even your parents will not worry much when you're abroad because they know that you're safe and insured.
Even if you have a limited allowance, you should still get student travel insurance. There are actually affordable policies that you can purchase. Search over the internet and you can get several quotes that you can choose from. There are even special packages offered to students by the insurance providers to make the purchase of the insurance pocket-friendly.
The risks involved in studying abroad are quite huge and you probably don’t want to take chances. To assist you in studying abroad, get student travel insurance now and you will have fewer things to worry about. Now, you can study much better and you can concentrate more. Tell your parents now about your plans of studying off-country so that they can also prepare for it. They will be glad that you're also thinking about your future and they will be more than willing to help you out.
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Studying abroad can change a student's life drastically. The whole experience may be intimidating to you as a student but if you have student travel insurance, some of your concerns are eased. You can be sure that things like emergencies and hospital costs will not bother you.
There are different types of insurance policies and a student travel insurance is just one of them. It protects you as you study abroad and while you're away from the comforts of your home. Some student insurance policies differ in the coverage but oftentimes it includes the following – health and accident benefits, medical evacuation, lost luggage, travel delay or interruption, stolen money, and many others. You need to determine the ones you want covered in the insurance so you need to look into each policy that comes your way. Compare the coverage and benefits as well as the exclusions. The price of the policy is not a major consideration however, if you have budgetary constraints, you can choose a cheap policy that offers most of your coverage needs.
Students studying abroad often get sick because of climate and weather changes, being homesick, or catch foreign diseases. The student can recover from whatever illness or accident that he or she encounters. As a student, you need to be prepared for these things and you already know your ticket to a problem-free student life abroad – and that is having student travel insurance.
Whether you're a teenager or an adult student, you definitely need student travel insurance. This is a need and not just a luxury. High school, college, masteral courses, or even doctoral degree students should still have insurance. You see, studying in a foreign country is very much different from studying locally so you must always prepare for the worst. This is not to scare you in any way but wouldn’t it be better to have some form of insurance to ensure your safety? Even your parents will not worry much when you're abroad because they know that you're safe and insured.
Even if you have a limited allowance, you should still get student travel insurance. There are actually affordable policies that you can purchase. Search over the internet and you can get several quotes that you can choose from. There are even special packages offered to students by the insurance providers to make the purchase of the insurance pocket-friendly.
The risks involved in studying abroad are quite huge and you probably don’t want to take chances. To assist you in studying abroad, get student travel insurance now and you will have fewer things to worry about. Now, you can study much better and you can concentrate more. Tell your parents now about your plans of studying off-country so that they can also prepare for it. They will be glad that you're also thinking about your future and they will be more than willing to help you out.
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General insurance
General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determined to be life insurance. It is called property and casualty insurance in the U.S. and Canada and Non-Life Insurance in Continental Europe.
In the UK, insurance is broadly divided into three areas: personal lines, commercial lines and London market.
The London market insures large commercial risks such as supermarkets, football players and other very specific risks. It consists of a number of insurers, reinsurers, P&I Clubs, brokers and other companies that are typically physically located in the City of London. The Lloyd's of London is a big participant in this market. The London Market also participates in personal lines and commercial lines, domestic and foreign, through reinsurance.
Commercial lines products are usually designed for relatively small legal entities. These would include workers' compensation (employers liability), public liability, product liability, commercial fleet and other general insurance products sold in a relatively standard fashion to many organisations. There are many companies that supply comprehensive commercial insurance packages for a wide range of different industries, including shops, restaurants and hotels.
Personal lines products are designed to be sold in large quantities. This would include autos (private car), homeowners (household), pet insurance, creditor insurance and others.
ACORD which is the insurance industry global standards organisation. ACORD has standards for personal and commercial lines and has been working with the Australian General Insurers to develop those XML standards, standard applications for insurance, and certificates of currency.
In the UK, insurance is broadly divided into three areas: personal lines, commercial lines and London market.
The London market insures large commercial risks such as supermarkets, football players and other very specific risks. It consists of a number of insurers, reinsurers, P&I Clubs, brokers and other companies that are typically physically located in the City of London. The Lloyd's of London is a big participant in this market. The London Market also participates in personal lines and commercial lines, domestic and foreign, through reinsurance.
Commercial lines products are usually designed for relatively small legal entities. These would include workers' compensation (employers liability), public liability, product liability, commercial fleet and other general insurance products sold in a relatively standard fashion to many organisations. There are many companies that supply comprehensive commercial insurance packages for a wide range of different industries, including shops, restaurants and hotels.
Personal lines products are designed to be sold in large quantities. This would include autos (private car), homeowners (household), pet insurance, creditor insurance and others.
ACORD which is the insurance industry global standards organisation. ACORD has standards for personal and commercial lines and has been working with the Australian General Insurers to develop those XML standards, standard applications for insurance, and certificates of currency.
Property insurance
Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or boiler insurance. Property is insured in two main ways—open perils and named perils.
Open perils cover all the causes of loss not specifically excluded in the policy. Common exclusions on open peril policies include damage resulting from earthquakes, floods, nuclear incidents, acts of terrorism, and war. Named perils require the actual cause of loss to be listed in the policy for insurance to be provided. The more common named perils include such damage-causing events as fire, lightning, explosion, and theft.
Open perils cover all the causes of loss not specifically excluded in the policy. Common exclusions on open peril policies include damage resulting from earthquakes, floods, nuclear incidents, acts of terrorism, and war. Named perils require the actual cause of loss to be listed in the policy for insurance to be provided. The more common named perils include such damage-causing events as fire, lightning, explosion, and theft.
Group insurance
Group insurance is an insurance that covers a defined group of people, for example the members of a society or professional association, or the employees of a particular employer. Group coverage can help reduce the problem of adverse selection by creating a pool of people eligible to purchase insurance who belong to the group for reasons other than the wish to buy insurance, which might be because they are a worse than average risk.
Group insurance may offer life insurance, health insurance, and/or some other types of personal insurance.
Group insurance may offer life insurance, health insurance, and/or some other types of personal insurance.
Health insurance
Health insurance is insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care and health system expenses, among a targeted group, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to ensure that money is available to pay for the health care benefits specified in the insurance agreement. The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity. According to the Health Insurance Association of America, health insurance is defined as "coverage that provides for the payments of benefits as a result of sickness or injury. Includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment".
A contract between an insurance provider (e.g. an insurance company or a government) and an individual or his/her sponsor (e.g. an employer or a community organization). The contract can be renewable (e.g. annually, monthly)or lifelong in the case of private insurance, or be mandatory for all citizens in the case of national plans. The type and amount of health care costs that will be covered by the health insurance provider are specified in writing, in a member contract or "Evidence of Coverage" booklet for private insurance, or in a national health policy for public insurance.
Provided by an employer-sponsored self-funded ERISA plan. The company generally advertises that they have one of the big insurance companies. However, in an ERISA case, that insurance company "doesn't engage in the act of insurance", they just administer it. Therefore, ERISA plans are not subject to state laws. ERISA plans are governed by federal law under the jurisdiction of the US Department of Labor (USDOL). The specific benefits or coverage details are found in the Summary Plan Description (SPD). An appeal must go through the insurance company, then to the Employer's Plan Fiduciary. If still required, the Fiduciary's decision can be brought to the USDOL to review for ERISA compliance, and then file a lawsuit in federal court.
Premium: The amount the policy-holder or their sponsor (e.g. an employer) pays to the health plan to purchase health coverage.
Deductible: The amount that the insured must pay out-of-pocket before the health insurer pays its share. For example, policy-holders might have to pay a $500 deductible per year, before any of their health care is covered by the health insurer. It may take several doctor's visits or prescription refills before the insured person reaches the deductible and the insurance company starts to pay for care. Furthermore, most policies do not apply co-pays for doctor's visits or prescriptions against your deductible.
Co-payment: The amount that the insured person must pay out of pocket before the health insurer pays for a particular visit or service. For example, an insured person might pay a $45 co-payment for a doctor's visit, or to obtain a prescription. A co-payment must be paid each time a particular service is obtained.
Coinsurance: Instead of, or in addition to, paying a fixed amount up front (a co-payment), the co-insurance is a percentage of the total cost that insured person may also pay. For example, the member might have to pay 20% of the cost of a surgery over and above a co-payment, while the insurance company pays the other 80%. If there is an upper limit on coinsurance, the policy-holder could end up owing very little, or a great deal, depending on the actual costs of the services they obtain.
Exclusions: Not all services are covered. The insured are generally expected to pay the full cost of non-covered services out of their own pockets.
Coverage limits: Some health insurance policies only pay for health care up to a certain dollar amount. The insured person may be expected to pay any charges in excess of the health plan's maximum payment for a specific service. In addition, some insurance company schemes have annual or lifetime coverage maxima. In these cases, the health plan will stop payment when they reach the benefit maximum, and the policy-holder must pay all remaining costs.
Out-of-pocket maxima: Similar to coverage limits, except that in this case, the insured person's payment obligation ends when they reach the out-of-pocket maximum, and health insurance pays all further covered costs. Out-of-pocket maxima can be limited to a specific benefit category (such as prescription drugs) or can apply to all coverage provided during a specific benefit year.
Capitation: An amount paid by an insurer to a health care provider, for which the provider agrees to treat all members of the insurer.
In-Network Provider: (U.S. term) A health care provider on a list of providers preselected by the insurer. The insurer will offer discounted coinsurance or co-payments, or additional benefits, to a plan member to see an in-network provider. Generally, providers in network are providers who have a contract with the insurer to accept rates further discounted from the "usual and customary" charges the insurer pays to out-of-network providers.
Prior Authorization: A certification or authorization that an insurer provides prior to medical service occurring. Obtaining an authorization means that the insurer is obligated to pay for the service, assuming it matches what was authorized. Many smaller, routine services do not require authorization.
Explanation of Benefits: A document that may be sent by an insurer to a patient explaining what was covered for a medical service, and how payment amount and patient responsibility amount were determined.
Prescription drug plans are a form of insurance offered through some health insurance plans. In the U.S., the patient usually pays a copayment and the prescription drug insurance part or all of the balance for drugs covered in the formulary of the plan. Such plans are routinely part of national health insurance programs. For example, in the province of Quebec, Canada, prescription drug insurance is universally required as part of the public health insurance plan, but may be purchased and administered either through private or group plans, or through the public plan.
Some, if not most, health care providers in the United States will agree to bill the insurance company if patients are willing to sign an agreement that they will be responsible for the amount that the insurance company doesn't pay. The insurance company pays out of network providers according to "reasonable and customary" charges, which may be less than the provider's usual fee. The provider may also have a separate contract with the insurer to accept what amounts to a discounted rate or capitation to the provider's standard charges. It generally costs the patient less to use an in-network provider.
A health insurance policy is:
A contract between an insurance provider (e.g. an insurance company or a government) and an individual or his/her sponsor (e.g. an employer or a community organization). The contract can be renewable (e.g. annually, monthly)or lifelong in the case of private insurance, or be mandatory for all citizens in the case of national plans. The type and amount of health care costs that will be covered by the health insurance provider are specified in writing, in a member contract or "Evidence of Coverage" booklet for private insurance, or in a national health policy for public insurance.
Provided by an employer-sponsored self-funded ERISA plan. The company generally advertises that they have one of the big insurance companies. However, in an ERISA case, that insurance company "doesn't engage in the act of insurance", they just administer it. Therefore, ERISA plans are not subject to state laws. ERISA plans are governed by federal law under the jurisdiction of the US Department of Labor (USDOL). The specific benefits or coverage details are found in the Summary Plan Description (SPD). An appeal must go through the insurance company, then to the Employer's Plan Fiduciary. If still required, the Fiduciary's decision can be brought to the USDOL to review for ERISA compliance, and then file a lawsuit in federal court.
The individual insured person's obligations may take several forms:
Premium: The amount the policy-holder or their sponsor (e.g. an employer) pays to the health plan to purchase health coverage.
Deductible: The amount that the insured must pay out-of-pocket before the health insurer pays its share. For example, policy-holders might have to pay a $500 deductible per year, before any of their health care is covered by the health insurer. It may take several doctor's visits or prescription refills before the insured person reaches the deductible and the insurance company starts to pay for care. Furthermore, most policies do not apply co-pays for doctor's visits or prescriptions against your deductible.
Co-payment: The amount that the insured person must pay out of pocket before the health insurer pays for a particular visit or service. For example, an insured person might pay a $45 co-payment for a doctor's visit, or to obtain a prescription. A co-payment must be paid each time a particular service is obtained.
Coinsurance: Instead of, or in addition to, paying a fixed amount up front (a co-payment), the co-insurance is a percentage of the total cost that insured person may also pay. For example, the member might have to pay 20% of the cost of a surgery over and above a co-payment, while the insurance company pays the other 80%. If there is an upper limit on coinsurance, the policy-holder could end up owing very little, or a great deal, depending on the actual costs of the services they obtain.
Exclusions: Not all services are covered. The insured are generally expected to pay the full cost of non-covered services out of their own pockets.
Coverage limits: Some health insurance policies only pay for health care up to a certain dollar amount. The insured person may be expected to pay any charges in excess of the health plan's maximum payment for a specific service. In addition, some insurance company schemes have annual or lifetime coverage maxima. In these cases, the health plan will stop payment when they reach the benefit maximum, and the policy-holder must pay all remaining costs.
Out-of-pocket maxima: Similar to coverage limits, except that in this case, the insured person's payment obligation ends when they reach the out-of-pocket maximum, and health insurance pays all further covered costs. Out-of-pocket maxima can be limited to a specific benefit category (such as prescription drugs) or can apply to all coverage provided during a specific benefit year.
Capitation: An amount paid by an insurer to a health care provider, for which the provider agrees to treat all members of the insurer.
In-Network Provider: (U.S. term) A health care provider on a list of providers preselected by the insurer. The insurer will offer discounted coinsurance or co-payments, or additional benefits, to a plan member to see an in-network provider. Generally, providers in network are providers who have a contract with the insurer to accept rates further discounted from the "usual and customary" charges the insurer pays to out-of-network providers.
Prior Authorization: A certification or authorization that an insurer provides prior to medical service occurring. Obtaining an authorization means that the insurer is obligated to pay for the service, assuming it matches what was authorized. Many smaller, routine services do not require authorization.
Explanation of Benefits: A document that may be sent by an insurer to a patient explaining what was covered for a medical service, and how payment amount and patient responsibility amount were determined.
Prescription drug plans are a form of insurance offered through some health insurance plans. In the U.S., the patient usually pays a copayment and the prescription drug insurance part or all of the balance for drugs covered in the formulary of the plan. Such plans are routinely part of national health insurance programs. For example, in the province of Quebec, Canada, prescription drug insurance is universally required as part of the public health insurance plan, but may be purchased and administered either through private or group plans, or through the public plan.
Some, if not most, health care providers in the United States will agree to bill the insurance company if patients are willing to sign an agreement that they will be responsible for the amount that the insurance company doesn't pay. The insurance company pays out of network providers according to "reasonable and customary" charges, which may be less than the provider's usual fee. The provider may also have a separate contract with the insurer to accept what amounts to a discounted rate or capitation to the provider's standard charges. It generally costs the patient less to use an in-network provider.
Home insurance
Home insurance, also commonly called hazard insurance or homeowner's insurance (often abbreviated in the US real estate industry as HOI), is a type of property insurance that covers a private residence. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents, loss of use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory.
The first homeowner's policy per se in the United States was introduced in September 1950, but similar policies had already existed in Great Britain and certain areas of the United States. In the late 1940s, US insurance law was reformed and during this process multiple line statutes were written, allowing homeowner's policies to become legal.
Prior to the 1950s there were separate policies for the various perils that could affect a home. A homeowner would have had to purchase separate policies covering fire losses, theft, personal property, and the like. During the 1950s policy forms were developed allowing the homeowner to purchase all the insurance they needed on one complete policy. However, these policies varied by insurance company, and were difficult to comprehend.
The need for standardization grew so great that a private company based in Jersey City, New Jersey, Insurance Services Office, also known as the ISO, was formed in 1971 to provide risk information and it issued simplified homeowner's policy forms for reselling to insurance companies. These policies have been amended over the years.
Modern developments have changed the insurance coverage terms, availability, and pricing.Homeowner's insurance has been relatively unprofitable, due in part to catastrophes such as hurricanes as well as regulators' reluctance to authorize price increases. Coverages have been reduced instead and companies have diverged from the former standardized model ISO forms. Water damage due to burst pipes in particular has been restricted or in some cases entirely eliminated Other restrictions included time limits, complex replacement cost calculations (which may not reflect the true cost to replace), and reductions in wind damage coverage.
The first homeowner's policy per se in the United States was introduced in September 1950, but similar policies had already existed in Great Britain and certain areas of the United States. In the late 1940s, US insurance law was reformed and during this process multiple line statutes were written, allowing homeowner's policies to become legal.
Prior to the 1950s there were separate policies for the various perils that could affect a home. A homeowner would have had to purchase separate policies covering fire losses, theft, personal property, and the like. During the 1950s policy forms were developed allowing the homeowner to purchase all the insurance they needed on one complete policy. However, these policies varied by insurance company, and were difficult to comprehend.
The need for standardization grew so great that a private company based in Jersey City, New Jersey, Insurance Services Office, also known as the ISO, was formed in 1971 to provide risk information and it issued simplified homeowner's policy forms for reselling to insurance companies. These policies have been amended over the years.
Modern developments have changed the insurance coverage terms, availability, and pricing.Homeowner's insurance has been relatively unprofitable, due in part to catastrophes such as hurricanes as well as regulators' reluctance to authorize price increases. Coverages have been reduced instead and companies have diverged from the former standardized model ISO forms. Water damage due to burst pipes in particular has been restricted or in some cases entirely eliminated Other restrictions included time limits, complex replacement cost calculations (which may not reflect the true cost to replace), and reductions in wind damage coverage.
Reinsurance
Reinsurance is insurance that is purchased by an insurance company (the "ceding company" or "cedent" or "cedant" under the arrangement) from one or more other insurance companies (the "reinsurer") directly or through a broker as a means of risk management, sometimes in practice including tax mitigation and other reasons described below. The ceding company and the reinsurer enter into a reinsurance agreement which details the conditions upon which the reinsurer would pay a share of the claims incurred by the ceding company. The reinsurer is paid a "reinsurance premium" by the ceding company, which issues insurance policies to its own policyholders.
The reinsurer may be either a specialist reinsurance company, which only undertakes reinsurance business, or another insurance company. Insurance companies that sell reinsurance refer to the business as 'assumed reinsurance'.
A healthy reinsurance marketplace helps ensure that insurance companies can remain solvent (financially viable), particularly after a major disaster such as a major hurricane, because the risks and costs are spread.
Facultative Reinsurance, which is negotiated separately for each insurance policy that is reinsured. Facultative reinsurance is normally purchased by ceding companies for individual risks not covered, or insufficiently covered, by their reinsurance treaties, for amounts in excess of the monetary limits of their reinsurance treaties and for unusual risks. Underwriting expenses, and in particular personnel costs, are higher for such business because each risk is individually underwritten and administered. However, as they can separately evaluate each risk reinsured, the reinsurer's underwriter can price the contract to more accurately reflect the risks involved. Ultimately, a facultative certificate is issued by the reinsurance company to the ceding company reinsuring that one policy.
Treaty Reinsurance means that the ceding company and the reinsurer negotiate and execute a reinsurance contract under which the reinsurer covers the specified share of all the insurance policies issued by the ceding company which come within the scope of that contract. The reinsurance contract may oblige the reinsurer to accept reinsurance of all contracts within the scope (known as "obligatory" reinsurance), or it may allow the insurer to choose which risks it wants to cede, with the reinsurer obliged to accept such risks (known as "facultative-obligatory" or "fac oblig" reinsurance).
There are two main types of treaty reinsurance, proportional and non-proportional, which are detailed below. Under proportional reinsurance, the reinsurer's share of the risk is defined for each separate policy, while under non-proportional reinsurance the reinsurer's liability is based on the aggregate claims incurred by the ceding office. In the past 30 years there has been a major shift from proportional to non-proportional reinsurance in the property and casualty fields.
The reinsurer may be either a specialist reinsurance company, which only undertakes reinsurance business, or another insurance company. Insurance companies that sell reinsurance refer to the business as 'assumed reinsurance'.
A healthy reinsurance marketplace helps ensure that insurance companies can remain solvent (financially viable), particularly after a major disaster such as a major hurricane, because the risks and costs are spread.
There are two basic methods of reinsurance:
Facultative Reinsurance, which is negotiated separately for each insurance policy that is reinsured. Facultative reinsurance is normally purchased by ceding companies for individual risks not covered, or insufficiently covered, by their reinsurance treaties, for amounts in excess of the monetary limits of their reinsurance treaties and for unusual risks. Underwriting expenses, and in particular personnel costs, are higher for such business because each risk is individually underwritten and administered. However, as they can separately evaluate each risk reinsured, the reinsurer's underwriter can price the contract to more accurately reflect the risks involved. Ultimately, a facultative certificate is issued by the reinsurance company to the ceding company reinsuring that one policy.
Treaty Reinsurance means that the ceding company and the reinsurer negotiate and execute a reinsurance contract under which the reinsurer covers the specified share of all the insurance policies issued by the ceding company which come within the scope of that contract. The reinsurance contract may oblige the reinsurer to accept reinsurance of all contracts within the scope (known as "obligatory" reinsurance), or it may allow the insurer to choose which risks it wants to cede, with the reinsurer obliged to accept such risks (known as "facultative-obligatory" or "fac oblig" reinsurance).
There are two main types of treaty reinsurance, proportional and non-proportional, which are detailed below. Under proportional reinsurance, the reinsurer's share of the risk is defined for each separate policy, while under non-proportional reinsurance the reinsurer's liability is based on the aggregate claims incurred by the ceding office. In the past 30 years there has been a major shift from proportional to non-proportional reinsurance in the property and casualty fields.
Bond insurance
Bond insurance (also known as "financial guaranty insurance") is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or security. As compensation for its insurance, the insurer is paid a premium (as a lump sum or in installments) by the issuer or owner of the security to be insured. Bond insurance is a form of "credit enhancement" that generally results in the rating of the insured security being the higher of (i) the claims-paying rating of the insurer and (ii) the rating the bond would have without insurance (also known as the “underlying” or “shadow” rating).
The premium requested for insurance on a bond is a measure of the perceived risk of failure of the issuer. It can also be a function of the interest savings realized by an issuer from employing bond insurance or the increased value of the security realized by an owner who purchased bond insurance.
A majority of insured securities are municipal bonds issued by states, local governments and other governmental bodies in the United States. Financial guarantees have also been applied to infrastructure bonds, such as those financing public-private partnerships, non-U.S. regulated utilities, and asset-backed securities (“ABS”) in the United States and elsewhere, as well as non-U.S. municipal bonds. Financial guaranty insurers withdrew from the residential mortgage-backed securities ("RMBS") market after the 2008 financial crisis.
The economic value of bond insurance to the governmental unit, agency, or other issuer offering bonds or other securities is a saving in interest costs reflecting the difference in yield payable on an insured bond from that on the same bond if uninsured. The economic value of bond insurance to the investor purchasing or holding insured securities is based upon (i) the additional payment source provided by the insurer if the issuer fails to pay principal or interest when due (which reduces the probability of a missed payment to the joint probability that both the issuer and insurer default), (ii) rating downgrade protection so long as the insurer is more highly rated than the issuer, (iii) improved liquidity, and (iv) services provided by the insurer such as credit underwriting, due diligence, negotiation of terms, surveillance, and remediation.
Bond insurers generally insure only securities that have underlying or "shadow" ratings in the investment grade category, with unenhanced ratings ranging from “triple-B” to “triple-A.” Beginning in the 1970s, municipal government bonds were insured by bond insurers, also known as the “monolines.” Although the global financial crisis of 2008 caused most bond insurers to cease issuing insurance policies, bond insurance has continued to remain available from highly rated providers, including legacy insurers and new industry participants.
The premium requested for insurance on a bond is a measure of the perceived risk of failure of the issuer. It can also be a function of the interest savings realized by an issuer from employing bond insurance or the increased value of the security realized by an owner who purchased bond insurance.
A majority of insured securities are municipal bonds issued by states, local governments and other governmental bodies in the United States. Financial guarantees have also been applied to infrastructure bonds, such as those financing public-private partnerships, non-U.S. regulated utilities, and asset-backed securities (“ABS”) in the United States and elsewhere, as well as non-U.S. municipal bonds. Financial guaranty insurers withdrew from the residential mortgage-backed securities ("RMBS") market after the 2008 financial crisis.
The economic value of bond insurance to the governmental unit, agency, or other issuer offering bonds or other securities is a saving in interest costs reflecting the difference in yield payable on an insured bond from that on the same bond if uninsured. The economic value of bond insurance to the investor purchasing or holding insured securities is based upon (i) the additional payment source provided by the insurer if the issuer fails to pay principal or interest when due (which reduces the probability of a missed payment to the joint probability that both the issuer and insurer default), (ii) rating downgrade protection so long as the insurer is more highly rated than the issuer, (iii) improved liquidity, and (iv) services provided by the insurer such as credit underwriting, due diligence, negotiation of terms, surveillance, and remediation.
Bond insurers generally insure only securities that have underlying or "shadow" ratings in the investment grade category, with unenhanced ratings ranging from “triple-B” to “triple-A.” Beginning in the 1970s, municipal government bonds were insured by bond insurers, also known as the “monolines.” Although the global financial crisis of 2008 caused most bond insurers to cease issuing insurance policies, bond insurance has continued to remain available from highly rated providers, including legacy insurers and new industry participants.
Shipping insurance
Shipping insurance is a service which may reimburse senders whose parcels are lost, stolen, and/or damaged in transit.
In Canada and the US, shipping insurance is sold by postal services, courier companies, and shipping-insurance companies. Not all insurers will insure all goods. For example, postal services will not insure certain economy-class parcels, though other insurers often will.
When practical, self-insurance is normally more economical than paying for insurance. See Insurance#Limited consumer benefits. High value items may require insurance against loss in transit. Some carriers provide limited liability coverage as part of the conditions of carriage. Review of the precise terms of the conditions of carriage (normally printed on the receipt) will disclose whether limited liability coverage is offered, or whether the customer must elect and pay for this service separately either via the carrier for an additional cost or via a third party insurer.
In Canada and the US, shipping insurance is sold by postal services, courier companies, and shipping-insurance companies. Not all insurers will insure all goods. For example, postal services will not insure certain economy-class parcels, though other insurers often will.
When practical, self-insurance is normally more economical than paying for insurance. See Insurance#Limited consumer benefits. High value items may require insurance against loss in transit. Some carriers provide limited liability coverage as part of the conditions of carriage. Review of the precise terms of the conditions of carriage (normally printed on the receipt) will disclose whether limited liability coverage is offered, or whether the customer must elect and pay for this service separately either via the carrier for an additional cost or via a third party insurer.
Interest rate insurance
Interest rate insurance protects the holder of a variable rate mortgage or loan from rising interest rates. It is generally offered independently of the original borrowing and typically as an alternative to a remortgage onto a fixed rate.
As the insurance policy protects only against the risk of the repayments rising because of interest rates (and not of the borrower defaulting on repayments) there is no requirement for the insurer to check the credit status of the purchaser or the value of any secured asset.
The absence of arrangement and valuation fees, bank and legal charges means that interest rate insurance can be cheaper to provide than a remortgage. The absence of credit checks and valuations means it can be made available to all holders of a variable rate loan.
As interest rate insurance protects the holder from rising interest rates but does not raise their initial pay rate, if interest rates fall, the policyholder will see a benefit in reduced payments on their mortgage or loan when compared to a fixed rate alternative.
As the insurance policy protects only against the risk of the repayments rising because of interest rates (and not of the borrower defaulting on repayments) there is no requirement for the insurer to check the credit status of the purchaser or the value of any secured asset.
The absence of arrangement and valuation fees, bank and legal charges means that interest rate insurance can be cheaper to provide than a remortgage. The absence of credit checks and valuations means it can be made available to all holders of a variable rate loan.
As interest rate insurance protects the holder from rising interest rates but does not raise their initial pay rate, if interest rates fall, the policyholder will see a benefit in reduced payments on their mortgage or loan when compared to a fixed rate alternative.
Saga Travel Insurance: Your Best Choice for your Travel Needs
Some say that life begins at forty. Well, you will only find out once you reach that age. As people age, they prefer to stay in one place but for the adventurous ones, age is not a hindrance to traveling abroad even if they are already over fifty years old. Perhaps the best thing that happens when you are over fifty is having Saga Travel Insurance to help you.
Do you want to know why? Read on and you will find out.
You see, frequent travelers should make sure that they are insured before they hop into another plane or ship. You will never know what’s going to happen in the next couple of days. But if you have travel insurance, you don’t have to worry about a thing.
If you have an insurance policy at present, try to check with your insurance provider if the policy can still be used in a foreign country. You see, most of the US insurance policies nowadays can be used abroad. However, don’t just assume that your policy is the same with other policies, so do make a thorough check first.
It is best to know what your existing insurance policy covers and what it doesn’t. You can even check your auto and home insurance as well. Insurance policies are costly and this is one reason why other people don’t bother to secure travel insurance.
Since you’re already at a certain age, you need to be at peace especially when you’re traveling and you probably don’t want to get a headache just in case you get injured or ill abroad. All the checking mentioned a bit earlier will help you in choosing travel a proper insurance. An entire cover may cost a lot but if your existing policies partly cover some of your needs, you can get travel insurance that can cover some of the items that you wish covered.
There are online sites that you can visit freely anytime you wish. If you have time, you can visit the online site of Saga Travel Insurance. What’s so great with Saga anyway? Well, you see, Saga Travel Insurance can cater to the needs of people over fifty years of age. So if you’re over fifty, still kicking and loves to travel, this is the best place to visit.
Saga offers their prospect clients with a broad selection of services and insurance products. Their target market is those people that are over fifty. Older people have more time for business trips and holiday travel. The needs of each individual traveler also vary and so if you want to get appropriate travel insurance, you have to visit their online site personally.
Saga Travel Insurance is still growing and one reason behind their success is because they listen to the needs of the elderly individual travelers. Saga provides their customers with their exact needs and you too can get travel insurance with Saga easily, just visit their site.
After you’ve secured your travel insurance with Saga, you can now travel with ease. You can enjoy the place that you’re visiting and meet new friends. But having travel insurance does not mean that you go and look for trouble. Nothing is better that being extra careful with everything you do, especially when you’re in a different place or country. Always be cautious in everything you do and you can stay away from accidents and injuries. And of course, it also helps to have a Saga Travel Insurance.
Do you want to know why? Read on and you will find out.
You see, frequent travelers should make sure that they are insured before they hop into another plane or ship. You will never know what’s going to happen in the next couple of days. But if you have travel insurance, you don’t have to worry about a thing.
If you have an insurance policy at present, try to check with your insurance provider if the policy can still be used in a foreign country. You see, most of the US insurance policies nowadays can be used abroad. However, don’t just assume that your policy is the same with other policies, so do make a thorough check first.
It is best to know what your existing insurance policy covers and what it doesn’t. You can even check your auto and home insurance as well. Insurance policies are costly and this is one reason why other people don’t bother to secure travel insurance.
Since you’re already at a certain age, you need to be at peace especially when you’re traveling and you probably don’t want to get a headache just in case you get injured or ill abroad. All the checking mentioned a bit earlier will help you in choosing travel a proper insurance. An entire cover may cost a lot but if your existing policies partly cover some of your needs, you can get travel insurance that can cover some of the items that you wish covered.
There are online sites that you can visit freely anytime you wish. If you have time, you can visit the online site of Saga Travel Insurance. What’s so great with Saga anyway? Well, you see, Saga Travel Insurance can cater to the needs of people over fifty years of age. So if you’re over fifty, still kicking and loves to travel, this is the best place to visit.
Saga offers their prospect clients with a broad selection of services and insurance products. Their target market is those people that are over fifty. Older people have more time for business trips and holiday travel. The needs of each individual traveler also vary and so if you want to get appropriate travel insurance, you have to visit their online site personally.
Saga Travel Insurance is still growing and one reason behind their success is because they listen to the needs of the elderly individual travelers. Saga provides their customers with their exact needs and you too can get travel insurance with Saga easily, just visit their site.
After you’ve secured your travel insurance with Saga, you can now travel with ease. You can enjoy the place that you’re visiting and meet new friends. But having travel insurance does not mean that you go and look for trouble. Nothing is better that being extra careful with everything you do, especially when you’re in a different place or country. Always be cautious in everything you do and you can stay away from accidents and injuries. And of course, it also helps to have a Saga Travel Insurance.
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Travel insurance
Travel insurance is insurance that is intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling, either internationally or within one's own country.
Travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip, or a "multi-trip" policy can cover an unlimited number of trips within a set time frame. Some policies offer lower and higher medical-expense options; the higher ones are chiefly for countries that have extremely high medical costs, such as the USA.
Travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip, or a "multi-trip" policy can cover an unlimited number of trips within a set time frame. Some policies offer lower and higher medical-expense options; the higher ones are chiefly for countries that have extremely high medical costs, such as the USA.
Casualty insurance
Casualty insurance is a problematically defined term which broadly encompasses insurance not directly concerned with life insurance, health insurance, or property insurance. It is mainly liability coverage of an individual or organization for negligent acts or omissions.However, the term has also been used for property insurance for aviation insurance, boiler and machinery insurance, and glass and crime insurance. It may include marine insurance for shipwrecks or losses at sea or fidelity and surety insurance. It may also include earthquake, political risk insurance, terrorism insurance, fidelity and surety bonds.
One of the most common kinds of casualty insurance today is automobile insurance. In its most basic form, automobile insurance provides liability coverage in the event that a driver is found "at fault" in an accident. This can cover medical expenses of individuals involved in the accident as well as restitution or repair of damaged property, all of which would fall into the realm of casualty insurance coverage.
If coverage were extended to cover damage to one's own vehicle, or against theft, the policy would no longer be exclusively a casualty insurance policy.
One of the most common kinds of casualty insurance today is automobile insurance. In its most basic form, automobile insurance provides liability coverage in the event that a driver is found "at fault" in an accident. This can cover medical expenses of individuals involved in the accident as well as restitution or repair of damaged property, all of which would fall into the realm of casualty insurance coverage.
If coverage were extended to cover damage to one's own vehicle, or against theft, the policy would no longer be exclusively a casualty insurance policy.
Vehicle insurance
Vehicle insurance (also known as car insurance, motor insurance or auto insurance) is insurance purchased for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise there from. The specific terms of vehicle insurance vary with legal regulations in each region. To a lesser degree vehicle insurance may additionally offer financial protection against theft of the vehicle and possibly damage to the vehicle, sustained from things other than traffic collisions, such as keying and damage sustained by colliding with stationary objects.
Travel Insurance for New Zealand Trips
The Southern Hemisphere is said to be the ultimate holiday travel destination, especially New Zealand. You can find small towns, big cities, mountains, ski fields, volcanoes, and beautiful beaches. There are only about 4M people in New Zealand. Its capital city is Wellington and the biggest city is Auckland. If you want a peaceful travel destination, make sure that you go to the south island of the country. If you travel anywhere in the world, even in New Zealand, you will surely need travel insurance.
A lot of tourists go to New Zealand to experience adventure. They can enjoy snow boarding, skiing, and bungee jumping, riding a bike, ski diving, surfing, and driving adventure. You can do all these things if you're in the south island but if you want to shop till you drop, you should go to the north island. When you're there, you can rent a car because this is the best way to get the most out of New Zealand's adventurous places. Traffic is not a problem there as well, so you can have the most enjoyable vacation on wheels ever.
Even if New Zealand is a very interesting place of destination, you should not travel without any travel insurance. Adventurous-type individuals are highly recommended to secure travel insurance first. You'll never know what's going to happen there. But before anything else, determine the things that you plan to do in New Zealand. If you're going to be involved in sports, ask the insurance provider if sports injuries are covered. You see, some insurance providers have limitations to the coverage especially where sports is concerned. Accidents and injuries usually happen in different kinds of sports, so don’t forget to ask.
So before you leave for New Zealand, you should already have travel insurance. Give yourself at least a couple of weeks before the travel when choosing for the right travel insurance. The travel insurance should suit your needs while you're in New Zealand. You should already make a list of the thing you want included in the coverage. Try to investigate the different travel insurance policies and don’t make uninformed purchases. Check all matters pertaining to the insurance policy and that includes the background of the insurance provider, the premiums you need to pay, the coverage, exclusions, and many others.
By having travel insurance, you can enjoy more and at the same reduce the risks of unprotected traveling. Factors that need to be considered when choosing a policy are personal health, weather, transportation, and the season in the place of destination. The cost of the policy depends on the insurance provider and type of travel insurance plan or policy. If you're traveling with your family, you should get a policy that covers the entire family. So you see, choosing the right type of travel insurance to meet your needs is a difficult task. You need enough time and money in order to purchase the one that will work for you.
You can contact the insurance providers by way of phone or you can visit their site on the net. Some people prefer to visit the physical offices of the local insurance providers because they feel that they are given a more personal service. Choose among these three options. It's all up to you now; remember, choose the travel insurance that will suit your needs in New Zealand.
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A lot of tourists go to New Zealand to experience adventure. They can enjoy snow boarding, skiing, and bungee jumping, riding a bike, ski diving, surfing, and driving adventure. You can do all these things if you're in the south island but if you want to shop till you drop, you should go to the north island. When you're there, you can rent a car because this is the best way to get the most out of New Zealand's adventurous places. Traffic is not a problem there as well, so you can have the most enjoyable vacation on wheels ever.
Even if New Zealand is a very interesting place of destination, you should not travel without any travel insurance. Adventurous-type individuals are highly recommended to secure travel insurance first. You'll never know what's going to happen there. But before anything else, determine the things that you plan to do in New Zealand. If you're going to be involved in sports, ask the insurance provider if sports injuries are covered. You see, some insurance providers have limitations to the coverage especially where sports is concerned. Accidents and injuries usually happen in different kinds of sports, so don’t forget to ask.
So before you leave for New Zealand, you should already have travel insurance. Give yourself at least a couple of weeks before the travel when choosing for the right travel insurance. The travel insurance should suit your needs while you're in New Zealand. You should already make a list of the thing you want included in the coverage. Try to investigate the different travel insurance policies and don’t make uninformed purchases. Check all matters pertaining to the insurance policy and that includes the background of the insurance provider, the premiums you need to pay, the coverage, exclusions, and many others.
By having travel insurance, you can enjoy more and at the same reduce the risks of unprotected traveling. Factors that need to be considered when choosing a policy are personal health, weather, transportation, and the season in the place of destination. The cost of the policy depends on the insurance provider and type of travel insurance plan or policy. If you're traveling with your family, you should get a policy that covers the entire family. So you see, choosing the right type of travel insurance to meet your needs is a difficult task. You need enough time and money in order to purchase the one that will work for you.
You can contact the insurance providers by way of phone or you can visit their site on the net. Some people prefer to visit the physical offices of the local insurance providers because they feel that they are given a more personal service. Choose among these three options. It's all up to you now; remember, choose the travel insurance that will suit your needs in New Zealand.
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Wage insurance
Wage insurance is a form of proposed insurance that would provide workers with compensation if they are forced to move to a job with a lower salary. The idea is usually proposed as a response to outsourcing and the effects of globalization, although it could equally be proposed as a response to job displacement due to increasingly productive technology (e.g. factories, or computers). Economic consensus generally holds that in both cases—the integration of the global economy through free trade, on one hand, and greater technological efficiencies, on the other—the changes will have a net benefit across the world. However, economic theory also indicates that, while people over the aggregate will be better off, many individuals will not be able to keep their current job at their current wages. Those individuals may be able to retrain and move to more highly paid wages, and the reduced cost of goods (which is likely to result from either case under consideration) may offset at least some of the wage loss. These compensating effects are likely to take several years to come about, however, and some people might never be fully compensated by normal market mechanisms. Wage insurance would offer compensation in these situations.
Payment protection insurance
Payment protection insurance (PPI), also known as credit insurance, credit protection insurance, or loan repayment insurance, is an insurance product that enables consumers to insure repayment of credit if the borrower dies, becomes ill or disabled, loses a job, or faces other circumstances that may prevent them from earning income to service the debt. It is not to be confused with income protection insurance, which is not specific to a debt but covers any income. PPI was widely sold by banks and other credit providers as an add-on to the loan or overdraft product.
Credit insurance can be purchased to insure all kinds of consumer loans including car loans, loans from finance companies, and home mortgage borrowing. Credit card agreements may include a form of PPI cover as standard. Policies are also available to cover specific categories of risk, e.g. credit life insurance, credit disability insurance, and credit accident insurance.
PPI usually covers payments for a finite period (typically 12 months). For loans or mortgages this may be the entire monthly payment, for credit cards it is typically the minimum monthly payment. After this point the borrower must find other means to repay the debt, although some policies repay the debt in full if you are unable to return to work or are diagnosed with a critical illness. The period covered by insurance is typically long enough for most people to start working again and earn enough to service their debt. PPI is different from other types of insurance such as home insurance, in that it can be quite difficult to determine if it is right for a person or not. Careful assessment of what would happen if a person became unemployed would need to be considered, as payments in lieu of notice (for example) may render a claim ineligible despite the insured person being genuinely unemployed. In this case, the approach taken by PPI insurers is consistent with that taken by the Benefits Agency in respect of unemployment benefits.
Most PPI policies are not sought out by consumers. In some cases, consumers claim to be unaware that they even have the insurance. In sales connected to loans, products were often promoted by commission based telesales departments. Fear of losing the loan was exploited, as the product was effectively cited as an element of underwriting. Any attention to suitability was likely to be minimal, if it existed at all. In all types of insurance some claims are accepted and some are rejected. Notably, in the case of PPI, the number of rejected claims is high compared to other types of insurance. In the rare cases where the customer is not prompted or pushed towards a policy,but seek it out,may have little recourse if and when a policy does not benefit them.
As PPI is designed to cover repayments on loans and credit cards, most loan and credit card companies sell the product at the same time as they sell the credit product. By May 2008, 20 million PPI policies existed in the UK with a further increase of 7 million policies a year being purchased thereafter. Surveys show that 40% of policyholders claim to be unaware that they had a policy.
"PPI was mis-sold and complaints about it mishandled on an industrial scale for well over a decade." with this mis-selling being carried out by not only the banks or providers, but also by third party brokers. The sale of such policies was typically encouraged by large commissions, as the insurance would commonly make the bank/provider more money than the interest on the original loan, such that many mainstream personal loan providers made little or no profit on the loans themselves; all or almost all profit was derived from PPI commission and profit share. Certain companies developed sales scripts which guided salespeople to say only that the loan was “protected” without mentioning the nature or cost of the insurance. When challenged by the customer, they sometimes incorrectly stated that this insurance improved the borrower's chances of getting the loan or that it was mandatory. A consumer in financial difficulty is unlikely to further question the policy and risk the loan being refused.
Several high-profile companies have now been fined by the Financial Conduct Authority for the widespread mis-selling of Payment Protection Insurance. Alliance and Leicester were fined £7m for their part in the mis-selling controversy, several others including Capital One, HFC and Egg were fined up to £1.1m. Claims against mis-sold PPI have been slowly increasing, and may approach the levels seen during the 2006-07 period, when thousands of bank customers made claims relating to allegedly unfair bank charges. In their 2009/2010 annual report, the Financial Ombudsman Service stated that 30% of new cases referred to payment protection insurance. A customer who purchases a PPI policy may initiate a claim for mis-sold PPI by complaining to the bank, lender, or broker who sold the policy.
Slightly before that, on 6 April 2011, the Competition Commission released their investigation order designed to prevent mis-selling in the future. Key rules in the order, designed to enable the customer to shop around and make an informed decision, include: provision of adequate information when selling payment protection and providing a personal quote; obligation to provide an annual review; prohibition of selling payment protection at the same time the credit agreement is entered into. Most rules came into force in October 2011, with some following in April 2012.
The Central Bank of Ireland in April 2014 was described as having "arbitrarily excluded the majority of consumers" from getting compensation for mis-sold Payment Protection Insurance, by setting a cutoff date of 2007 when it introduced its Consumer Protection Code. UK banks provided over £22bn for PPI misselling costs – which, if scaled on a pro-rata basis, is many multiples of the compensation the Irish banks were asked to repay. The offending banks were also not fined which was in sharp contrast to the regime imposed on UK banks.Lawyers were appalled at the "reckless" advice the Irish Central Bank gave consumers who were missold PPI policies, that "will play into the hands of the financial institution.
Credit insurance can be purchased to insure all kinds of consumer loans including car loans, loans from finance companies, and home mortgage borrowing. Credit card agreements may include a form of PPI cover as standard. Policies are also available to cover specific categories of risk, e.g. credit life insurance, credit disability insurance, and credit accident insurance.
PPI usually covers payments for a finite period (typically 12 months). For loans or mortgages this may be the entire monthly payment, for credit cards it is typically the minimum monthly payment. After this point the borrower must find other means to repay the debt, although some policies repay the debt in full if you are unable to return to work or are diagnosed with a critical illness. The period covered by insurance is typically long enough for most people to start working again and earn enough to service their debt. PPI is different from other types of insurance such as home insurance, in that it can be quite difficult to determine if it is right for a person or not. Careful assessment of what would happen if a person became unemployed would need to be considered, as payments in lieu of notice (for example) may render a claim ineligible despite the insured person being genuinely unemployed. In this case, the approach taken by PPI insurers is consistent with that taken by the Benefits Agency in respect of unemployment benefits.
Most PPI policies are not sought out by consumers. In some cases, consumers claim to be unaware that they even have the insurance. In sales connected to loans, products were often promoted by commission based telesales departments. Fear of losing the loan was exploited, as the product was effectively cited as an element of underwriting. Any attention to suitability was likely to be minimal, if it existed at all. In all types of insurance some claims are accepted and some are rejected. Notably, in the case of PPI, the number of rejected claims is high compared to other types of insurance. In the rare cases where the customer is not prompted or pushed towards a policy,but seek it out,may have little recourse if and when a policy does not benefit them.
As PPI is designed to cover repayments on loans and credit cards, most loan and credit card companies sell the product at the same time as they sell the credit product. By May 2008, 20 million PPI policies existed in the UK with a further increase of 7 million policies a year being purchased thereafter. Surveys show that 40% of policyholders claim to be unaware that they had a policy.
"PPI was mis-sold and complaints about it mishandled on an industrial scale for well over a decade." with this mis-selling being carried out by not only the banks or providers, but also by third party brokers. The sale of such policies was typically encouraged by large commissions, as the insurance would commonly make the bank/provider more money than the interest on the original loan, such that many mainstream personal loan providers made little or no profit on the loans themselves; all or almost all profit was derived from PPI commission and profit share. Certain companies developed sales scripts which guided salespeople to say only that the loan was “protected” without mentioning the nature or cost of the insurance. When challenged by the customer, they sometimes incorrectly stated that this insurance improved the borrower's chances of getting the loan or that it was mandatory. A consumer in financial difficulty is unlikely to further question the policy and risk the loan being refused.
Several high-profile companies have now been fined by the Financial Conduct Authority for the widespread mis-selling of Payment Protection Insurance. Alliance and Leicester were fined £7m for their part in the mis-selling controversy, several others including Capital One, HFC and Egg were fined up to £1.1m. Claims against mis-sold PPI have been slowly increasing, and may approach the levels seen during the 2006-07 period, when thousands of bank customers made claims relating to allegedly unfair bank charges. In their 2009/2010 annual report, the Financial Ombudsman Service stated that 30% of new cases referred to payment protection insurance. A customer who purchases a PPI policy may initiate a claim for mis-sold PPI by complaining to the bank, lender, or broker who sold the policy.
Slightly before that, on 6 April 2011, the Competition Commission released their investigation order designed to prevent mis-selling in the future. Key rules in the order, designed to enable the customer to shop around and make an informed decision, include: provision of adequate information when selling payment protection and providing a personal quote; obligation to provide an annual review; prohibition of selling payment protection at the same time the credit agreement is entered into. Most rules came into force in October 2011, with some following in April 2012.
The Central Bank of Ireland in April 2014 was described as having "arbitrarily excluded the majority of consumers" from getting compensation for mis-sold Payment Protection Insurance, by setting a cutoff date of 2007 when it introduced its Consumer Protection Code. UK banks provided over £22bn for PPI misselling costs – which, if scaled on a pro-rata basis, is many multiples of the compensation the Irish banks were asked to repay. The offending banks were also not fined which was in sharp contrast to the regime imposed on UK banks.Lawyers were appalled at the "reckless" advice the Irish Central Bank gave consumers who were missold PPI policies, that "will play into the hands of the financial institution.
Crop insurance
Crop insurance is purchased by agricultural producers, including farmers, ranchers, and others to protect themselves against either the loss of their crops due to natural disasters, such as hail, drought, and floods, or the loss of revenue due to declines in the prices of agricultural commodities. The two general categories of crop insurance are called crop-yield insurance and crop-revenue insurance.
ciated with a particular defined attribute that potentially qualifies for a premium over similar commodity crops, agricultural products, or derivatives thereof. The particular attribute may be associated with the genetic composition of the crop, certain management practices of the grower, or both. However, many standard crop insurance policies do not differentiate between commodity crops and crops associated with particular attributes. Accordingly, farmers have a need for crop insurance to cover the risk of growing crops associated with particular attributes.
Helpful Information about Multi-Trip Travel Insurance
Some people make a living out of traveling every now and then. However, millions in money is not worth it if your life is unprotected every time you travel. To answer the needs of frequent travelers, insurance companies or providers are now offering the multi-trip travel insurance.
What is multi-trip travel insurance? This is the type of insurance suited for frequent travelers and if you're one of them, you shouldn’t travel overseas without purchasing first a multi-trip travel insurance.
If you want assurance and peace of mind, multi-trip travel insurance is the answer. This is a necessity and not just a luxury. Mishaps and dangers can happen outside the country and you don’t know what's in store for you. Any unexpected situation can change your life dramatically. So if you go to a foreign country, you should always have some type of insurance.
This type of insurance is essentially designed for travelers so that their trips are covered. Travelers can get annual plans so that their series of trips within the year is covered. However, each trip should be from thirty to 120 days to be covered. Some of the coverage can include trip delays and cancellation, medical emergencies, loss or damage of personal belongings, and many others.
Why then should you purchase multi-trip travel insurance? Well, the reason is quite obvious. If you want your trip to be relaxing and enjoyable, this type of insurance is just what you need. So whatever your reasons for traveling, be it for pleasure or business, you'll get the assurance you need that no matter what happens outside the country, you will be compensated and well-taken cared of.
Multi-trip travel insurance is available in different plans. Find a plan that suits your traveling needs. What you need to do is to assess your traveling requirements and then compare several existing policies in the market. If you're lucky enough, you can find an insurance provider who is willing to tailor fit the policy according to your needs. There are a few insurance companies who offer that kind of privilege to their clients. For your convenience and ease in the selection process, make use of the internet. Search for valuable information that you can use so that you can choose a good insurance provider in lesser time. Access the different sites on the net that provides travel insurance information and quotation services.
Don’t rush yourself. Give yourself time to compare different travel insurance plans. It would be best to start your search weeks or even months before your travel date. This will take off the pressure in the selection process. By doing so, you can purchase the best multi-trip travel insurance in the market. Oftentimes, individuals don’t consider the price much as long as they are contented with the coverage and other benefits of the policy.
Check your budget and your travel insurance needs. Only then can you assess if a certain plan meets your needs or not. Perhaps you also travel with your family, so you need to get a multi-trip travel insurance that can cover your whole family. You decide because only you know the things you need when you travel abroad. No one can dictate which policy you should get, not even the insurance providers. Be a wise traveler and purchase the most-suitable multi-trip travel insurance policy or plan. Do it now, before anything bad happens on your next trip.
What is multi-trip travel insurance? This is the type of insurance suited for frequent travelers and if you're one of them, you shouldn’t travel overseas without purchasing first a multi-trip travel insurance.
If you want assurance and peace of mind, multi-trip travel insurance is the answer. This is a necessity and not just a luxury. Mishaps and dangers can happen outside the country and you don’t know what's in store for you. Any unexpected situation can change your life dramatically. So if you go to a foreign country, you should always have some type of insurance.
This type of insurance is essentially designed for travelers so that their trips are covered. Travelers can get annual plans so that their series of trips within the year is covered. However, each trip should be from thirty to 120 days to be covered. Some of the coverage can include trip delays and cancellation, medical emergencies, loss or damage of personal belongings, and many others.
Why then should you purchase multi-trip travel insurance? Well, the reason is quite obvious. If you want your trip to be relaxing and enjoyable, this type of insurance is just what you need. So whatever your reasons for traveling, be it for pleasure or business, you'll get the assurance you need that no matter what happens outside the country, you will be compensated and well-taken cared of.
Multi-trip travel insurance is available in different plans. Find a plan that suits your traveling needs. What you need to do is to assess your traveling requirements and then compare several existing policies in the market. If you're lucky enough, you can find an insurance provider who is willing to tailor fit the policy according to your needs. There are a few insurance companies who offer that kind of privilege to their clients. For your convenience and ease in the selection process, make use of the internet. Search for valuable information that you can use so that you can choose a good insurance provider in lesser time. Access the different sites on the net that provides travel insurance information and quotation services.
Don’t rush yourself. Give yourself time to compare different travel insurance plans. It would be best to start your search weeks or even months before your travel date. This will take off the pressure in the selection process. By doing so, you can purchase the best multi-trip travel insurance in the market. Oftentimes, individuals don’t consider the price much as long as they are contented with the coverage and other benefits of the policy.
Check your budget and your travel insurance needs. Only then can you assess if a certain plan meets your needs or not. Perhaps you also travel with your family, so you need to get a multi-trip travel insurance that can cover your whole family. You decide because only you know the things you need when you travel abroad. No one can dictate which policy you should get, not even the insurance providers. Be a wise traveler and purchase the most-suitable multi-trip travel insurance policy or plan. Do it now, before anything bad happens on your next trip.
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