The Basics of Motorcycle Insurance For millions of riders, the motorcycle represents a means to freedom. The open road and the feel of wind on one's face is as close as modern man can get to a truly individual mode of transportation. Unfortunately the modern world imposes restrictions on almost everything we do. Among those restrictions is the requirement to have an insurance policy for any vehicle we operate on the public roads,...more
All about Bodily Injury on Insurance Rates In order to operate a vehicle on a public road, you are required by law to have at the very least liability insurance. Much of a premium's cost comes from this coverage. By having a higher deductible, you can reduce your premiums, but you risk paying a lot more should you ever be at fault in an accident.Bodily injury liability covers the medical expenses accrued by other people involved in an...more
Everything to Know about Insurance Premiums Almost everyone has heard the term "insurance premium" and the vast majority of Americans make regular premium payments to one insurance company or another. But many people have no real understanding of what exactly a premium entails. Here is a brief explanation of the process.An insurance premium is basically the amount a person pays for a certain level of insurance coverage. Insurance companies base their premium calculations on several factors that make up a business model. This model takes into consideration all of the factors that affect the likelihood of a claim being filed on a specific type of insurance. The end goal is a determination that protects the company while providing the lowest rates possible in order to attract clients.Underwriting ProcessThe underwriting process is what determines the majority of a premiums cost. It is also the most complicated step. Specialized professionals called actuaries, who are trained in determining risk, analyze a great number of factors that are likely to play a role in claims. Depending on the type of insurance, factors such as location, age, health, education,...more
Apartment Building Insurance-NCAIG The National Condo & Apartment Insurance Group is here to provide you with the best possible insurance products for your Real Estate Insurance needs and specialize in products that protect your investments in the most appropriate and cost effective way. We provide Real Estate Insurance services throughout...more
Small Business Insurance:"Policies For This, Policies For That. As If I Haven't Got Enough To Think About." It's there somewhere on your master check list. You know you need to do something about it. But somehow, with all the other urgently pressing, day to day activities going on, the whole question of insurance probably...more
Professional Indemnity Insurance:Yes, you can cut costs without cutting corners You know what they say - if it sounds too good to be true, it probably is. A sound maxim most of the time. But not necessarily when it comes to professional indemnity insurance.You might imagine that a cheap professional indemnity quote would automatically mean an inferior level of professional indemnity cover. A generic policy perhaps, not one designed specifically for your profession. A policy with all sorts of hidden exclusions lurking in the small print. Or a policy with an excess so high that in the event of having to make a claim, you're left wondering who was actually doing the insuring.But the reality these days is that a cheap professional indemnity quote needn't mean any of these things. You really can get the professional indemnity cover you need at a highly competitive price.How is it possible? Well, the internet has enabled insurance brokers to dramatically reduce their overheads. And the ones that really care about providing the best possible service have passed a lot of those savings onto their customers.You'll still enjoy the peace of mind that comes from knowing that your...more
Professional Indemnity Insurance: Can You Explain It To Me Without The Jargon? Imagine that you make a mistake, you get something wrong, or you forget to do something you should have done (and however conscientious you might be, you can't...more
How Much Tuition Insurance Do I Need? The hefty costs and responsibilities a college career brings from tuition and student loans to textbooks and that midnight pizza habit are widely known by parents and students alike. Parents searching for...more
Generally, medical practitioners are encouraged to purchase malpractice insurance to protect them against liability in case a client decides to sue them for malpractice. Medical professionals while carrying out their professional tasks may have...more
Understanding Medigap Insurance Ratings Prior to you fully commit to signing up for a specific Medigap policy, it pays to know about the distinct Medigap insurance ratings. For those seniors seeking extra medical coverage that supplements...more
Insurance Risks - The Burden of Proof The significant feature, however, which distinguishes ARPI from other categories of insurance is that it covers the assured against physical loss caused by all perils and risks. Of course, having covered...more
Insurance Policy - Physical Loss Or Damage The trigger of coverage is proof of physical loss or damage to or destruction of property identified in the policy. For the purpose of defining the trigger it is not necessary to consider the meaning...more