tag:blogger.com,1999:blog-47071396246146551502024-03-12T21:03:31.294-07:00INSURANCE in Bold PrintsInsurance ¦ Claims ¦ Tips on how to save on Premium
insuranceinboldprintshttp://www.blogger.com/profile/12533875855650886370noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-4707139624614655150.post-34964510661415679872016-08-02T11:42:00.003-07:002017-05-08T05:02:04.471-07:00Never Compare Insurance Based On Price Alone
Insurance comparison websites simplify the insurance buying process and most people now buy insurance through these sites. Once you know the class of cover you need, you type a few details into any of these sites and instantly gain access to multiple insurance companies with the cheapest quote displayed in a few seconds.
While the process of buying insurance especially car and home insurance insuranceinboldprintshttp://www.blogger.com/profile/12533875855650886370noreply@blogger.com11tag:blogger.com,1999:blog-4707139624614655150.post-11196886872680543482016-07-28T09:44:00.003-07:002017-05-08T05:02:43.919-07:00How To Avoid Companies Quick To collect Premiums But Slow In Claims Payment
In fairness, the refusal/inability of companies to honour financial obligations is not a problem unique to insurance companies. All organisations rightly focus more on generating revenue but some become reluctant when called upon to fulfil promises to their clients involving financial outlay.
I conducted an experiment recently involving my phone provider. As my contract was nearing the endinsuranceinboldprintshttp://www.blogger.com/profile/12533875855650886370noreply@blogger.com2tag:blogger.com,1999:blog-4707139624614655150.post-28528483425473410252015-11-02T02:51:00.002-08:002017-05-08T05:06:01.172-07:00Structure of An Insurance Policy Simplified: Untangling that Insurance wording
The Insurance Policy
Once an insurance contract is agreed, a record of the agreed terms is captured in a document called a 'policy'. The policy is not the contract but only the evidence of the contract. In the event of a dispute relating to the particular policy contract, the courts will refer to the policy for clarification on the agreement or intentions of the parties.
It is often said thatinsuranceinboldprintshttp://www.blogger.com/profile/12533875855650886370noreply@blogger.com0tag:blogger.com,1999:blog-4707139624614655150.post-17782459477561337222015-11-02T02:49:00.002-08:002017-05-08T05:06:13.299-07:00Benefits Of Using The Services Of An Insurance Broker
Intermediaries
Insurance brokers act as intermediaries for the insured but usually remunerated by a commission from the insurer. They are full-time intermediaries offering insurance service on the basis of professional expertise and competence.
The key function of the broker starts with understanding the needs of the client, the risks the client is exposed to and the customer's insuranceinsuranceinboldprintshttp://www.blogger.com/profile/12533875855650886370noreply@blogger.com2tag:blogger.com,1999:blog-4707139624614655150.post-42928124616149425442015-11-02T02:48:00.004-08:002017-05-08T05:06:53.552-07:00Indemnity Policies And The duty Of The Insured After A Loss
Indemnity Policy
An Indemnity policy is an agreement mostly in property insurance by one party (the insurer) to make good a loss sustained by the other party (the insured). The principle ensures that the person who actually suffers the loss receives no more and no less than the value of the loss.
Once an insured suffers a loss as a matter of urgency, the following actions must be taken
insuranceinboldprintshttp://www.blogger.com/profile/12533875855650886370noreply@blogger.com0tag:blogger.com,1999:blog-4707139624614655150.post-54852325003585742872015-11-02T02:47:00.000-08:002017-05-08T05:07:08.543-07:00Tenants Contents Insurance - What Your Standard Policy Should Ideally Cover
Your insurer would usually first offer you a quote based on its
standard policy wording and sometimes go on to offer optional extras or policy
extensions depending on your circumstance.
You would therefore expect that the ‘Standard’ policy
wording of all insurers operating in the same market would be similar; unfortunately
this is not the case.
Though some similarity can be found, insuranceinboldprintshttp://www.blogger.com/profile/12533875855650886370noreply@blogger.com0tag:blogger.com,1999:blog-4707139624614655150.post-45535086996696866102015-11-02T02:43:00.002-08:002017-05-08T05:07:26.588-07:007 Things You Should Avoid When You Have Insurance
We all know how it sometimes feels like we are throwing money away after a couple of years of paying insurance premium without making a claim. It can, therefore, be devastating to learn that your policy has been invalidated through some act or omission on your part.
The following guidelines if adhered to should ensure that you avoid making the mistakes often made by many policyholders.
insuranceinboldprintshttp://www.blogger.com/profile/12533875855650886370noreply@blogger.com0tag:blogger.com,1999:blog-4707139624614655150.post-72747745560070621802015-11-02T02:38:00.002-08:002017-05-08T05:09:10.138-07:00Arranging Landlord Insurance Cover
As
a landlord your property will definitely rank as one of your most
valuable possessions and you will therefore agree that cost of repairing
accidental damage or in worst case scenario, cost of rebuilding or
replacing the property can be daunting financially.
Property
insured under the class range from Houses, Bungalows, Maisonettes and
in some cases buildings of individual flats to insuranceinboldprintshttp://www.blogger.com/profile/12533875855650886370noreply@blogger.com0tag:blogger.com,1999:blog-4707139624614655150.post-84106841172366519252015-11-02T02:36:00.003-08:002017-05-08T05:11:45.021-07:00Insurance Claims - Paying A Loss Assessor To Negotiate Claims On Your Behalf
Loss assessors traditionally act on behalf of insurance companies in investigating and reviewing mostly large losses/claims. These professionals are highly trained and often specialize in certain classes of risk and insurers, therefore, know which firm of loss adjusters to refer any case which it decides to outsource.
Some of these assessors are now offering their services direct to insuranceinboldprintshttp://www.blogger.com/profile/12533875855650886370noreply@blogger.com0tag:blogger.com,1999:blog-4707139624614655150.post-34803726722249156002015-11-02T02:36:00.000-08:002017-05-08T05:13:05.022-07:00Insurance Claims – What Do Insurance Companies Really Want?
Without the benefit of direct involvement in numerous insurance claim payments, I would probably be among those that so loudly criticize insurance companies for dodging claims payment. This is not, however, thumbs-up to the claims department of every insurance firm out there because as the saying goes 'there is no smoke without fire'.
To highlight the operation of those companies (and they insuranceinboldprintshttp://www.blogger.com/profile/12533875855650886370noreply@blogger.com0tag:blogger.com,1999:blog-4707139624614655150.post-22004919475963072242015-11-02T02:33:00.000-08:002017-05-08T05:14:18.300-07:00Important Considerations When Choosing An Insurance Broker
An insurance broker is an intermediary who arranges insurance or carries out other work preparatory
to the
conclusion
of contracts of Insurance on behalf of another and also assists in the
administration of such contracts and with processing of claim.
When
deciding on which broker to entrust your insurances, the following
should serve as guide only because the process of entering into a
insuranceinboldprintshttp://www.blogger.com/profile/12533875855650886370noreply@blogger.com0tag:blogger.com,1999:blog-4707139624614655150.post-34726860184166785832015-11-02T02:30:00.001-08:002017-05-08T05:14:39.031-07:00Important Definitions in Landlord and Contents Insurance
Accidental
A sudden, unexpected event which is not due to negligence,
misuse, mechanical or electrical fault or reckless behaviour
Building
A simple definition is anything on the premises that would
normally be left behind if the property was sold
Contents
This refers
to anything that you would normally take with you if the property was sold
Deductibles
Deductibles are amount retained per lossinsuranceinboldprintshttp://www.blogger.com/profile/12533875855650886370noreply@blogger.com0tag:blogger.com,1999:blog-4707139624614655150.post-31456638849231206312015-11-02T02:28:00.002-08:002017-05-08T05:15:07.302-07:00Making Sense Of Policy Exclusions In Non-Life Insurance
Not all risks are insurable because as insurance evolved over the years the industry identified the following criteria a risk must possess in order to be considered insurable
* the loss must be accidental – damage caused by gradual operating causes is a typically excluded loss common to all insurance contracts
* the loss should not be insuranceinboldprintshttp://www.blogger.com/profile/12533875855650886370noreply@blogger.com0tag:blogger.com,1999:blog-4707139624614655150.post-3653929851536223422015-11-02T02:22:00.001-08:002017-05-08T05:15:53.763-07:00Insurance: Challenges Facing Businesses In Africa
Any mention of the Third World especially Africa for some conjures images of starving kids. If you live in Europe you will probably have seen so many of those adverts requesting $2-$5 a month to aid malnourished children in Africa.
Charities raising money for the less fortunate are doing great work in striving to ease the burden of poverty across the globe but anyone who has ever travelled insuranceinboldprintshttp://www.blogger.com/profile/12533875855650886370noreply@blogger.com0tag:blogger.com,1999:blog-4707139624614655150.post-53236743763424006102015-11-02T02:20:00.002-08:002017-05-08T05:19:45.425-07:00Questions To Ask Your Insurance Broker Or Insurance Representative
We
all
put up with rising insurance premium because the subject matter of
insurance is valuable or in the case of Life insurance, invaluable. It
therefore makes sense to ensure that we get value for money and pay only
for insurance cover that would serve the purpose when we need it.
The process starts with knowing how to select the
right insurance representative.
Except you are confident insuranceinboldprintshttp://www.blogger.com/profile/12533875855650886370noreply@blogger.com0tag:blogger.com,1999:blog-4707139624614655150.post-40616570311876216162015-11-02T02:18:00.003-08:002017-05-08T05:20:10.728-07:00Additional Benefits of Insurance
When your car insurance premium is increased at renewal, your insurer is likely to back up the increase with reasons such as rising inflation, rising repair costs and rising liability cases and costs.
You may even be told that the increase is in reaction to the insurer's rising operating costs.
Most people detest insurance companies for this and other reasons but without a car insurance policy, insuranceinboldprintshttp://www.blogger.com/profile/12533875855650886370noreply@blogger.com0tag:blogger.com,1999:blog-4707139624614655150.post-40037986183174047722015-11-02T02:17:00.002-08:002017-05-08T05:20:46.020-07:00 Policy Exclusions In Insurance Explained
Not all risks are insurable because as insurance evolved over the years the industry identified the following criteria a risk must possess in order to be considered insurable
* the loss must be accidental – damage caused by gradual operating causes is a typically excluded loss common to all insurance contracts
* the loss should not be insuranceinboldprintshttp://www.blogger.com/profile/12533875855650886370noreply@blogger.com0tag:blogger.com,1999:blog-4707139624614655150.post-61681898802833748722015-10-29T15:46:00.003-07:002017-05-08T05:21:25.048-07:00The Insurance Claims Process Explained
Many will find it hard to believe that insurance companies pay
numerous insurance claims daily.This is not however thumbs-up to the
claims department of every insurance firm out there because as the
saying goes 'there is no smoke without fire'.
To
highlight the operation of those companies (and they are in the
majority) that honour their promise to pay all genuine claims this
article insuranceinboldprintshttp://www.blogger.com/profile/12533875855650886370noreply@blogger.com0