Choosing An Insurance Company - Advice From An Expert One of the most stressful parts of daily life is organizing your personal finances. One specific part of this that tends to frustrate people the most is the search for a good renewal quote for life, car, travel or home insurance policies. If you allow it, this search can be never ending as you constantly try to better your previous quote with different companies or brokers. Though, many...more
Workman's Comp Insurance Simplified Have you ever wondered what would happen if you get injured at work and you are all of a sudden stuck without the ability to earn an income? Well, this is exactly what workman's comp insurance addresses and if you are in a line of work where you are at risk of getting injured you need to listen up as this can make a huge difference in your life.Workers compensation insurance is much more than just...more
Ways to resolve your grievances against insurance companies Insurance companies not staying on their commitments is not a new thing for policyholders. There are examples galore on the subject. A person underwent 3 surgeries simultaneously with the total cost amounting to Rs 33K. When the claim was lodged the TPA said that though the surgeries were pertaining to 3 different body parts but were conducted at the same time, hence the eligible claim was only Rs 10K.Despite the person explaining that the company would have to shell out larger amount of money had the insured decided to undergo all the 3 surgeries at different times, the company still didn't agree. Ultimately the insured approached the Insurance Ombudsman who held that the eligible claim was Rs 30K.It's not that the policyholder is at the mercy of the insurance companies. The IRDA has recently come up with certain regulations that protect the interests of the policyholders and has promised that the Insurance Ombudsman would be empowered further.While regulations coming into effect may take a while, one must get acquainted with existing grievance redressal infrastructure and the procedure to be followed to make...more
Payment Protection Insurance issues explored Many people find it very difficult to manage money, which can be a big concern. The state of the economy has caused many troubles, one being the struggle that people face to manage their money. The economic factors are completely out of the control of the general public, with things like...more
Important Of Insurance Quotes and How to Get Free Quotes If you are thinking of calling for Insurance quotes you should probably know the different types of insurances present that can help you with long term or short term planning. Different types of insurance are:Home Insurance: Floods, heavy rains, cyclones, hurricanes are environmental...more
SIR and Deductible Tracking – Relieving the Risk of E&O Claims, Coverage Disputes and Exposure By increasing an SIR or Retention limit, premiums can be negotiated downward by the insured. The flip side of reduced premium's, is increased responsibility on the part of the insured for settling (in the case of SIR) or contributing towards claims costs (in the case of Retention).This change has manifested itself into an increased focus and attention to detail on the exhaustion or erosion of the SIR. Also, with larger deductibles, insurance carriers are being challenged legally as to their rights of settlement, where the deductible forms a significant part of the payout, for both expenses and indemnity/damages. Several cases have been tried in favour of the carrier related to deductibles.Coverage Disputes:Coverage disputes are not uncommon in the insurance industry. However, a growing and worrying trend is beginning to emerge related to claims for coverage, where the SIR be fully and properly demonstrated as completely eroded. Effectively, coverages are being disputed where it cannot be proven that full erosion or exhaustion of the SIR is proved. Several cases can be cited,...more
Important Things to Consider When Choosing a Contents Insurance For Tenants Policy When you settle in a new apartment or home, you will certainly have many questions that will ponder in your head. An insecurity factor creeps inside you, as you...more
Email Marketing: Leading Causes The reason why It is usually Ideal for Insurance Agencies Insurance marketers have really benefited from email. Smaller insurance agencies swear by it as well. Lacking the big guy's giant budget for marketing,...more
Let Captive Insurance To Guard Your Business Captive insurance is a kind of insurance that provides protection to the business world. This type of insurance is specifically for businesses and works in a variety of ways dependent upon the...more
Professional Indemnity Insurance: Just One of the Things You Need to Know Professional indemnity insurance offers protection for those in the professional services industry for any claim which might be brought against them by a client. This...more
Going into Business? Consider Professional Indemnity Insurance Even though you might not be planning to start hiring now, it's more than likely that the future will see you grow and new employees coming on board. If you think employing others...more
Across the country, almost all states require people to get car insurance. Because of the increasing number of vehicles and the height of truck accidents in the country, it would be helpful for everyone to have security and protection while on the...more