Why travel insurance?
Travel insurance is an essential part to any trip as it protects the insured from any illness or losses that may occur during your trip. Travel Insurance can cover the insured against medical care, hospitalization, accident, or other misfortune depending on each insurance provider.
Travel Insurance is a must have insurance policy especially for travelers. The policy coverage can be for a one day trip or a month's trip depending on the purpose of the Insured. The cost of travel insurance usually ranges up to 12 percent of the cost of your vacation/trip.
Is travel insurance really necessary and how many people actually get paid for their claims?
Travel insurance is highly recommended since there are usually about 10% of people who do file claims. Sometimes travelers suffers from misfortunes during a trip in which they would've had to pay out of their own pockets had they not bought travel insurance.
Motor Insurance policy, or sometimes called Vehicle Insurance policy is vital and a must have policy for car/vehicle owners to possess.
Motor Insurance covers any mobile items ranging from its cubic capacity, model, type, and usage of each car or truck. Normally, a lower cubic capacity engine vehicle will bear a lesser premium amount when compared with a higher cubic capacity engine.
As for motor sport vehicle or high end race car, other types of Motor Insurance policies will apply and normally the premium rate is significantly higher than other normal cars or trucks.
In general, the policy of Motor Insurance covers the insured against loss or injury to his/her own vehicle and the 3rd party vehicle.
In addition, some insurance providers also add a Personal Accident Insurance coverage in the Motor Insurance policy to add value as well as to further satisfy their customers’ needs.
Similar to the Fire Insurance policy, the Householder Insurance also covers the property you have against theft, flame, and also flood (depending on the extended perils you may add). However, rather than protecting the building, Household Insurance covers all the belongings you have inside your property. For example, this pertains to your Plasma TV, Couches, Kitchen Cabinet, Expensive Paintings, Vases, Sculpture, and many more.
Many people obtain the Fire Insurance but forget about the valuable household items they have inside their household, which could often be higher than the property itself.
So my suggestion is, whenever you buy a Fire Insurance plan from your insurance provider, try asking them about their rates on the Householder/Houseowner Insurance as well. Often times you could get a discount if you purchase them together from the same insurer.
Fire Insurance is a type of insurance that protects the Insured's property from any disaster or unfortunate event caused by basic fire and lightning or other perils. These includes but or not limited to: Aircraft Damage, Earthquake and Volcanic Eruption, Thunderstorm, Tempest, Flood, Explosion, Impact Injury, Bursting or Overflowing of Water Tanks or Pipes, Bush Fire, Subsidence and also Landslip/Landslide, Spontaneous Combustion, Malicious Damage, and/or Damage by Falling Trees or Branches.
If any of these events has caused fire on the property building, the Insured will therefore have the right to make a claim against the Insurance Company in which the policy is written.
Why is it so important that you take up Fire Insurance for the property/properties? It is because the main benefit it offers is huge. As you're able see above, the Fire Insurance policies not only covers fire but other perils such as damages done by falling trees!
So learn the advantages the Fire Insurance can offer you and start insuring your property immediately. Remember, prevention is always better than cure.
Insurance have existed for centuries where it was first to serve as being a protection to the global trader’s goods against loss from pirate attacks on the sea. The insurance company during that period of time was to bear the losses of the unfortunate traders using the money it has gathered from other participating traders so as to help the unfortunate traders.
The aim of insurance in general is to help the unfortunate one through the use of a portion of the collected/pooled money to compensate whatever amount of loss to the victim. With this in mind, the unfortunate victims can carry on with their daily lives immediately without needing to worry about other financial obligations.
There are many classes of insurance available throughout the world. Each country has its own meaning and definition of the various insurance class. However, I will not go into details on the different definitions within each country. Instead, I will discuss the general factors and the benefits it would bring to individuals.
Saturday 30 November 2013
Travel Insurance
Travel insurance is an essential part to any trip as it protects the insured from any illness or losses that may occur during your trip. Travel Insurance can cover the insured against medical care, hospitalization, accident, or other misfortune depending on each insurance provider.
Travel Insurance is a must have insurance policy especially for travelers. The policy coverage can be for a one day trip or a month's trip depending on the purpose of the Insured. The cost of travel insurance usually ranges up to 12 percent of the cost of your vacation/trip.
Is travel insurance really necessary and how many people actually get paid for their claims?
Travel insurance is highly recommended since there are usually about 10% of people who do file claims. Sometimes travelers suffers from misfortunes during a trip in which they would've had to pay out of their own pockets had they not bought travel insurance.
Motor Insurance
Motor Insurance covers any mobile items ranging from its cubic capacity, model, type, and usage of each car or truck. Normally, a lower cubic capacity engine vehicle will bear a lesser premium amount when compared with a higher cubic capacity engine.
As for motor sport vehicle or high end race car, other types of Motor Insurance policies will apply and normally the premium rate is significantly higher than other normal cars or trucks.
In general, the policy of Motor Insurance covers the insured against loss or injury to his/her own vehicle and the 3rd party vehicle.
In addition, some insurance providers also add a Personal Accident Insurance coverage in the Motor Insurance policy to add value as well as to further satisfy their customers’ needs.
Household Insurance
Many people obtain the Fire Insurance but forget about the valuable household items they have inside their household, which could often be higher than the property itself.
So my suggestion is, whenever you buy a Fire Insurance plan from your insurance provider, try asking them about their rates on the Householder/Houseowner Insurance as well. Often times you could get a discount if you purchase them together from the same insurer.
Fire Insurance
If any of these events has caused fire on the property building, the Insured will therefore have the right to make a claim against the Insurance Company in which the policy is written.
Why is it so important that you take up Fire Insurance for the property/properties? It is because the main benefit it offers is huge. As you're able see above, the Fire Insurance policies not only covers fire but other perils such as damages done by falling trees!
So learn the advantages the Fire Insurance can offer you and start insuring your property immediately. Remember, prevention is always better than cure.
History of Insurance
The aim of insurance in general is to help the unfortunate one through the use of a portion of the collected/pooled money to compensate whatever amount of loss to the victim. With this in mind, the unfortunate victims can carry on with their daily lives immediately without needing to worry about other financial obligations.
There are many classes of insurance available throughout the world. Each country has its own meaning and definition of the various insurance class. However, I will not go into details on the different definitions within each country. Instead, I will discuss the general factors and the benefits it would bring to individuals.
