Who Will Reimburse You For Your Lost Vacation

Category: Finance, Insurance.

What would you do if you and your family planed a wonderful Cruise Vacation and your connecting flight was delayed and the ship sailed without you? There are hundreds of particulars that could cause you to cancel your vacation, miss your connecting flight, return home early or make you seek emergency medical treatment while traveling.

If you don t have travel insurance you will lose all your money. Here is a list of 10 common examples of what could go wrong and why you should invest in Travel Insurance and Emergency Travel Services. Who will help you find it if it is lost? You arrive at your destination and your luggage is missing. If your luggage goes on a separate vacation, who will pay for your essentials until your luggage joins you? Your airline, cruise line or tour operator goes out of business and you already paid for your tickets.

If it was stolen who will pay to replace it? Most tickets are non- refundable. You and your families flight is delayed and you must catch a connecting flight. Who will help you with the refunds and get you to your destination? All other airlines are booked and can t help you. You bag was lost with all your medicine inside. Now what do you do?

You need to find the bag as quickly as possible or have your emergency prescription filled. You are travelling abroad and your passport and wallet are stolen. Who is going to help you in a strange city/ country? How do you replace your passport and where can you get emergency cash? Who will pay if you cancel your trip? A few weeks before you leave a natural/ terrorist incident occurs where you were scheduled to visit.

If a family member becomes ill and you must cancel your vacation, how do you get your non- refundable deposits back? Who will reimburse you for your lost vacation? While you are on vacation you are forced to evacuate due to impending weather or a terrorist treat. A family member needs emergency medical treatment and needs to be evacuated. Who will help you find an English- speaking doctor? Who will help arrange and pay for it? 1You are in a non- English speaking country and get sick. That s just a list of ten, I m sure you can think of a few more.

I hope you consider purchasing Travel Insurance before your next trip so you can protect yourself, have peace of mind and enjoy your next vacation!

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Life Settlement Solution Is One Option That A Large Number Of People Are Opting For These Days - Finance and Insurance Articles:

The harsh reality of life is that no matter how hard we try, there are some things which are simply unpredictable.

Low Mileage Discount

Category: Finance, Insurance.

Depending on where you live, and how old you are, not to mention what kind of driving record you have, your insurance rates can be astronomical.

Most carriers offer a variety of discounts to valued customers. So, why not find out how you can cut your rates by 1. 2. even 50% ? The trick is finding out what they are and if you qualify. If you are insuring more than one vehicle, whether they are cars, trucks, boats, RV s motorcycles or even trailers, chances are you qualify for a multi- vehicle discount. Here are just a few of the most common discounts offered by more than 300 of the nation s top auto insurers: Multiple Vehicle Discount. See your agent for details.

It s impossible for two people to drive the same vehicle at the same time, so insurers often offer multi- driver discounts to allow customers with more than one driver per car to only pay partial premiums on each driver. Multiple Driver Discount. Multi- Policy Discount. Choose one insurance company for all of your insurance needs, and you re bound to experience a hefty discount on all of your policies. Take advantage of your buying power. Combine your homeowners auto, life and even, disability health insurance into one insurance portfolio if at all possible.

Low Mileage Discount. Some companies will also count financial savings plans such as 401K s Roth IRA s, money markets and college funds as additional policies when figuring out your discount. The less your car is on the road, the less chance it has of being involved in an accident. You may be surprised how cheap your insurance may become. If you put less than 5, 000 miles a, 000 or 10 year on your car, by all means tell your insurance agent! New Vehicle Safety Discount.

Anti- Theft Device Discount. Offered to owners of new vehicles that contain certain types of safety features such as side passenger airbags, etc. Any type of anti- theft device in your car is eligible for a discount too. Student rates can be quite high, especially for male drivers. Good Student Discount. But, some insurers are now recognizing that honor students may be more careful drivers, and are now rewarding good grades with cheaper premium rates. Go several years without a claim and watch your premiums plummet.

Accident Free Discount. Defensive Driving Discount. Some insurance companies now reward drivers who attend special defensive driving workshops and seminars with either a one time, or ongoing rate cut.

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Thanks To AARP Home Owner Insurance, Maybe Getting Older Is Not As Bad As You Thought It Would Be - Imogene Florio about Finance and Insurance:

Sure, there may come the time when you really start to think of getting old as problematic. For starters, you get to retire and live your life as you please.

In Texas, That Means 26% Of Uninsured Reported" Poor" Or" Fair" Health - Maxine Crumble about Finance and Insurance:

President Bush s threat to veto a bipartisan- supported bill to expand the Children s Health Insurance Program was ignored this week by Congress, who passed the measure. Eight million children in the U.

Clyde And Claudette S Financial Future Is Now Ruined - Finance and Insurance Articles:

Clyde and Claudette s financial future is now ruined!

An Insurance Is A Preparation Against Uncertainties And To Help Maintain Your House In Good Shape

Category: Finance, Insurance.

When you have a home of your own, one of the worries is to give it sufficient protection.

Apart from the climatic conditions and the usual wear and tear, there are direct dangers too, that can inflict immediate damages. After all, your house stands exposed to the vagaries of the nature and to whatever condition, the weather puts it to. Such events can be earthquakes, fires, hurricanes. When you go for home insurance, you should try to get as much coverage as possible to receive appropriate reimbursement for your losses in the future. Theft and robbery is another danger that your house faces. This is because your house consists not only of the physical structure of your building but also of the interiors which includes your belongings which are not only more precious but also close to your heart.

If you want to get more items covered, you have to pay more. Try to get your precious possessions covered, at least your, such as furniture and electronic goods. However, there are other ways which can influence the home insurance companies to lower their premium rates for you. This increases your suitability for low- premium insurance because of lesser chances of thefts and thus less risk to the insurance company as to settle your insurance claim. Having your house security and monitoring systems in place gives your home better protection against thefts and robberies. Home insurance is one good policy that has helped people to keep the smiles on their faces because of the monetary help and care they receive upon damages to their home.

These deals are available online and as you visit their websites, you can apply for free quotes: not just from one but many other companies and choose the one that you feel suits your conditions. An insurance is a preparation against uncertainties and to help maintain your house in good shape.

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Life Insurance Policies Give People The Tranquility Of Knowing That Their Families Will Not Be Left Unprotected In Case Of The Death Of The Policyholder - Finance and Insurance Articles:

Life insurance policies give people the tranquility of knowing that their families will not be left unprotected in case of the death of the policyholder.

This Way, Getting An Insurance That Covers All Your Travel Related Problems - Finance and Insurance Articles:

Whether you are travelling to any of domestic locations or any country outside, uncertainties will remain always with you. Buying an insurance covering all your travel you are going to have helps you greatly when you are outside your home.

Critical Illness Policies Contain Exclusions - Finance and Insurance Blog:

Critical illness insurance policy may vary from one company to another. Critical illness policies contain exclusions.

A Breakdown Cover May Be Of Various Levels Depending On The Preferences Of The Buyers

Category: Finance, Insurance.

One of the most vital chapters of the insurance industry that you can gain immensely from is, without an inch of a doubt, breakdown cover as far as the latest trend in the arena is concerned.

Besides, a well organised array of benefits along with the policy makes it quite a popular choice among car owners in major parts of the world. This particular policy is targeted towards all the car owners who feel the need for a precaution against unforeseen misfortunes like car breakdowns in the middle of nowhere without any feasible accessibility to possible help. To decipher the popularity of a breakdown cover in a place like the UK, it is very essential to understand the force of its impact on the car owners through the services rendered unto them. There are basic covers for people who merely seek roadside assistance when it comes to repairing their vehicles with simple problems. A breakdown cover may be of various levels depending on the preferences of the buyers. There are even advanced level plans with solutions like emergency accommodation for the buyers. There are a number of insurance companies operating in the UK who offer their unique policies for the insurance seekers.

Apart from these services, buyers are at the disposal of a round the clock phone assistance too. With the car insurance segment showing an impressive rise in the recent times, breakdown cover has gained the momentum to move steadily towards apparent glory. In order to land yourself the best breakdown cover possible, you need to retrieve as much quotes by various companies over the Internet as possible, and filter out the most profitable through a comparative study. However, it is important to know where to buy the ideal insurance policy from and a meticulous online groundwork makes it fairly easy for buyers to be on the fortunate path.

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Cover For Your Personal Belongings And Money That You Take With You - Finance and Insurance Blog:

The primary benefit of travel insurance is the knowledge that should something go wrong while you are abroad, you won t be responsible for finding the money to put it right, at a time when you are already stressed out.

People Sell The Life Settlement Policy For Many Reasons - Finance and Insurance:

Life settlement is a sale transaction which takes place in the life settlement or life insurance policy for cash payment more than the surrender value.

You Have To Pay Very Close Attention To Understand The Costs And Consequences Of Your Health Care Decisions - Finance and Insurance:

If you were given just$ 1, 500 to purchase groceries annually, you d be a lot more careful about how you spend your money. This is exactly the kind of" consumer- driven" behavior some employers in Dallas, Houston and all around Texas are hoping to spark in you and your co- workers by offering" consumer- driven" and defined- contribution health insurance plans.

This May Therefore Lead To Many Critical Illness Cover Sales

Category: Finance, Insurance.

Critical illness insurance made its first apparition in South Africa in 1983 and was known as dread disease insurance.

These cancer policies may be considered as the foundation of critical illness insurance. Before 1983, policies having the name cancer policy may have been sold in the USA providing cover for certain types of cancer. Gradually, critical illness insurance went worldwide and nowadays plays an important role in markets such as UK, East Asia, Canada, Israel, etc. Almost all critical illness policies offer cover for cancer, heart attack, stroke, kidney failure and coronary artery bypass surgery. Critical illness insurance may award a tax free lump sum if the insured person is diagnosed with one of the critical illness conditions defined by the policy. While some insurance companies may cover only seven or eight critical illness conditions, others may offer cover for up to 35 diseases. The financial support may as a matter of fact help to manage a changed lifestyle.

Critical illness insurance may help someone cope with the financial imbalance especially after diagnosis of a life threatening illness. Critical illness insurance was called dread disease insurance long ago in South Africa. However, critical illness insurance may be preferably referred as crisis cover, trauma cover or living insurance. The term being too strong and unsuitable for many markets as well as marketing purposes, made many companies refrain from applying its usage. The rules which stipulate that critical illness cover must cover only severe conditions may no longer apply. Insurers therefore tend to provide a wider choice of critical illnesses covered under their critical illness plans.

It may also be used as a means for financial security against numerous critical illness conditions. By doing so, they hope to target a wider audience and also to compete effectively in the insurance market. A critical illness can imply high costs for treatment purposes. Moreover, critical illness insurance may be useful to people who have social insurance that does not pay big to cater for a serious illness. As a matter of fact, critical illness cover may be mostly wanted in countries where the state social security systems are inadequate. The reason may be because everyone wants to get the best medical care and treatments. Even if a good health security system exists many people may still want critical illness insurance.

Thus, critical illness insurance payout will allow them to do that either in a renowned clinic or overseas. The aftermath of a critical illness may sometimes be considerable. Furthermore, the additional benefits in the form of critical illness insurance may not necessarily mean paying for medical charges. The house or living environment may have to be altered to accommodate the life a disabled person. Also, after enduring a critical illness, in most of the cases a person becomes unable to attend work. A car can also become an important factor as a mean for facilitating mobility needs. Critical illness insurance payout can once more stabilise financial pressure by settling debts or mortgage.

By doing so, a much friendly approach may be created while confidence over the product may arise. Critical illness insurance policy may be presented in a professional manner to the client providing him with every information that he needs. This may therefore lead to many critical illness cover sales.

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In This Case, Combined Critical Illness Can Be Useful - Finance and Insurance Articles:

We are all conscious of our health and many of us will suffer one form of illness or another in our lifetime. While some buy life insurance policies, others buy critical illness policies because these policies offer different benefits.

But Then Insurance Companies Want To Make More Business - Finance and Insurance Articles:

In my opinion, car insurance is extremely important My own car is very close to my heart because I spent a large part of my income when trying to buy it. One never knows when an accident might take place and the vehicle may have to be repaired.

Insurance Isn T Only Irreplaceable For Each Family Unit Nation Wide - Finance and Insurance Articles:

A few people would claim that the insurance is only but. a modern way made for others so as to a part of your years of saving your money, without it becoming of real worth, as well as, for yourself your close ones.

To Decide If Purchasing Travel Insurance Is Smart For You

Category: Finance, Insurance.

When it comes to the cost of a group health insurance plan a broker will inform you that the company is required to provide or pay at least half of the health insurance premium for their full time employees.

One vital bit of information that someone researching to find the most suitable health insurance plan for their family should know would have to be the difference between a managed care health plan and a fee- for- service or indemnity plan. As you can see the difficult process of setting up a group health insurance plan or coverage for the full time employees of a company can easily be managed and controlled with the helpful assistance of a group health insurance broker. Collision: This type of car insurance covers the cost of repairing or replacing a vehicle if it is hit or damaged by another vehicle or as the result of a single vehicle accident. In some countries, premiums for car insurance are priced according to several risk factors, like the characteristics of the car, the usage of the car( predicted annual distance driven) , the coverage selected( limit, covered perils, deductible) , credit rating, age and sex, driving history of the driver. Speed, or rather excessive speed, is the main cause of driving accidents and since sports cars can go faster than any other vehicle on the road insurance companies are keen to cover themselves by offering high premiums to sports car owners. Purchasing auto insurance can be a big decision for some consumers, especially with each individual state having their own minimum insurance requirements that they mandate vehicle owners have in order to legally drive their car. Buying auto insurance can be very expensive these days but it is possible to reduce the overall costs a little and still make sure that you have all of the necessary insurance coverage for your car or automobile just in case you ever need it.

The best way to stay protected against car theft, fire and other automobile mishaps is to have your vehicle insured by one of the top auto insurance companies in your area. Most health care insurance companies provide policy quotes on their websites and have easy- to- use online tools to find out the right policy according to your budget. Beware, for there are, though some online health insurance quotes that ask for a certain fee for the service, although there are also some that offer these free of charge. Researching health care insurance quotes online not only saves time but also helps a customer understand the policy more easily. Many home insurance policies will require you not to leave the home unoccupied, and if you are renting out the home, this will also affect the premium. Term Life Insurance is increasingly being looked at as the best way to go with Life Insurance, as premiums are low compared to previous years, and there is the option to lock in the same premium for the duration of the policy. This is especially true in light of the fact that the alternative would be to simply buy a whole life insurance policy, which would likely require higher premiums payments right away and with no opportunity for relief at any point during the life of the policy.

While most Americans are able to obtain some type of health insurance through their place of employment, the underemployed, many others, the self- employed and the unemployed simply don t know where to find good, quality coverage at a fair price. Supplemental major medical insurance plans can be opted to cover those expenses not otherwise covered by the basic medical plan. Essentially, what it comes down to is that third party liability insurance coverage protects other people and their property in the event of an accident that is your fault, while full coverage insurance protects you and your property in the same way that the third party insurance protects others. If you have looked at the various health insurance plans, you would have noticed that there is no health insurance plan that will cover every kind of medical treatment you will need during your lifetime. To decide if purchasing travel insurance is smart for you. One of the main problems is that many people assume their current insurance will meet any emergency costs they may encounter while overseas, but unless you requested the inclusion of medical insurance overseas when you took out your policy, there is a very good chance that it has domestic cover only.

Even if your present health insurance will pay doctor and hospital bills when you re out of the country, you may want to purchase a travel insurance policy to get other important benefits such as coverage for air ambulance transport and on- site medical expense payment. When you purchase your travel health insurance, you re likely to have several options regarding the amount of coverage, what specific health benefits, and a form of trip insurance( in the event your trip is cancelled or your luggage is lost, you re covered) .

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First, Have You Ever Known Anyone Who Has Lost Their Home Or Car - Marilyn Enright about Finance and Insurance:

For a lot of us, it is exceedingly difficult to justify spending money on something that we will probably never use.

Looking At Life Insurance - Finance and Insurance Articles:

Looking at Life Insurance. Just as we rarely give thought to our health, unless something goes wrong, most of us are too busy living life to stop and wonder if our life insurance coverage is adequate.

In Order To Obtain The Most Affordable Health Insurance Quote, You Need To Shop Around - Finance and Insurance:

Nowadays the medical expenses are escalating steeply, and to protect yourself and your family, you will need to look for cheap health insurance plans.

Critical Illness Insurance Was Firstly Originated In South Africa

Category: Finance, Insurance.

Critical illness insurance was firstly originated in South Africa. Barnard and the chief executive of a life office.

The idea of having a critical illness insurance in South Africa appeared from a discussion between a cardio- thoracic surgeon, Mr. Critical illness insurance was forced to be brought forward as the state health system lacked measures to cover the cost of a range of serious illnesses. According to Munich Re, when in 1983, 2000 critical illness insurance first appeared, nearly all covers could have been riders to life insurance. Let s have a look at how critical illness insurance evolved down the years in South Africa. The highest benefit paid could have been less than R 25, 000( USD 4, 000) and 25 percent of life cover. Nowadays, most of the critical illness policies in South Africa could be prepayment, that is acceleration.

This amount was chosen because it could have been the cost for the treatment of coronary artery bypass graft. The maximum individual cover provided could be R 550, 000( nearly USD 80, 000) while bigger companies could offer up to R 800, 000( approximately USD 120, 000) . Also, recent sales could be estimated to be around 50 percent less than in 199 Moreover, critical illness policy, at first covered 4 main critical illness conditions. In the year 1990, critical illness sales may have been higher than any other policies as it can be estimated that around 60 percent could have been combined to new policies. These could be classified as follows: heart attack, cancer and coronary, stroke artery bypass surgery. Similar to other countries, the trend could almost be considered the same.

But as evolution and competition in the insurance market increased, the critical illness conditions covered gradually became five. As time passed by, the number of cases covered then became more than twenty. Extended cases may be surgeries like balloon angioplasty or states of health such as total and permanent disability. As per O Mahony S, 2001, "South African dread disease report" , most companies may cover up to 8 core critical illness conditions and 21 extended conditions. Furthermore, critical illness cover can be quite expensive in South Africa. The life office agents sell critical illness plans to those who earn less. There may be thus two sales channels that perform the critical illness sales tasks.

On the other hand, the brokers sell to those who earn a high income. According to Munich Re, there may be, 2000 around 14 life insurance companies that offer critical illness cover. As a matter of fact, most critical illness sales have been reported to come from the broker market due to its expensive price. This may account for around 70 percent of all life insurance companies in South Africa. They may be most of the time sold as riders. It can be interesting to note that nearly all the life insurance companies do not offer standalone critical illness covers. Critical illness insurance market in South Africa had become mature quickly.

The market in USA or Canada may still be in process to reach a real peak in contrast with South Africa or even the UK.

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There Are Three Parties To A Life Insurance Contract - Finance and Insurance Articles:

Life insurance is a means for providing financial protection for your family in the event of your death.

People Sell The Life Settlement Policy For Many Reasons - Finance and Insurance Articles:

Life settlement is a sale transaction which takes place in the life settlement or life insurance policy for cash payment more than the surrender value.

Many People Have Purchased More Than One Life Insurance Policy Over The Course Of Their Lives - Finance and Insurance Articles:

Many older individuals are looking for ways to improve their investment portfolio or need some additional cash but don t usually have access to large sums of money since they are usually on a fixed income of some type. Many people have purchased more than one life insurance policy over the course of their lives.

As Adults We Understand The Need For A Car And Of Course We Have To Pay Insurance For That Car

Category: Finance, Insurance.

As adults we understand the need for a car and of course we have to pay insurance for that car.

When it comes to getting car insurance for teenagers, you really want to be able to save as much money as possible. However when our kids get insurance they often end up paying much more than they have to, because car insurance companies assume that as teenagers they are going to be getting into a lot of trouble and causing a lot of accidents. Although many people unfortunately do not realize it, there are quite a few different things that you can do in order to reduce the cost of car insurance for teenagers, of which will be discussed here. One of the best ways to reduce the costs of car insurance for teenagers is to make sure that you pay your premium in full rather than in monthly installments, and this is because insurers will generally offer a discount on a lump sum, whereas they tend to add a surcharge fee for installments. Pay Your Premium in Full. Shop Around. You will be incredibly surprised at the differences in prices from one company to another, and so you should never just go with the first company that you buy, because if you take a bit of time and shop around you can find way better deals on car insurance for teenagers.

You always want to make sure that you shop around and compare and contrast between various different companies. Keep an Eye on Vehicle Modifications. These are the most major ways to reduce costs on car insurance for your teens, but there are many more as well, such as increasing your policy excess, restricting drivers on your policy to just one named other, installing security measures such as an alarm or immobilizer, parking your car in the driveway or in a garage when possible to reduce the likelihood of theft or damage, and aiming to drive as few miles as possible because the fewer miles you use up the cheaper your insurance will be. You want to make sure that you keep vehicle modifications to a minimum, because they will result in pushing up the price of the replacement value, and this is especially a problem with car insurance for teenagers because they always want to get all of the hottest new fancy accessories and extra fast cars. If you keep all of these pointers in mind, then when it comes time to get car insurance for your own teenagers, you will be able to save yourself a great deal of money, something that every parent can truly appreciate.

A Health Insurance Analyst Could As Well Offer A Wealth Of Information And Approaching Into This Decision

Category: Finance, Insurance.

California health insurance plans for low income group offers the opportunity for medical care coverage for people with no sufficient funds to cover the cost. When seeking health coverage, there are many significant things the individual has to know in order to know the basics of low income medical insurance.

Receiving health insurance of this nature might be difficult, but there are varieties of California health insurance providers that offer this. It is so important to speak with numerous health insurance companies to get the best suitable rates and prices on the policies offered. They would answer all your questions about low income medical insurance and would as well make the procedure a lot easier on the consumer. A health insurance analyst could as well offer a wealth of information and approaching into this decision. Low income health insurance frequently purchased by many people who do not do sufficient research before buying it. Research is very important before carrying out any contractual deal with an agent, particularly for someone in a low income bracket that is trying to save money.

This could further leave the individual with an indecisive policy. Individuals have the latent to find amazing rates on health policies and coverage options. They require deciding what kind of deductible they are eager and afford, if any. The consumer must shape up many decisions early in the course of seeking low income health insurance in order to get these affordable rates. It is as well imperative to decide how much coverage is needed. Taking the time to make a clear plan of action would surely allow the consumer more time in the decision making process.

There are arrays of options in this area and the consumer should have an obvious understanding of the extent of coverage they might as well need in the near future. When the consumer starts the search for low income health insurance, they should be sure they are being wise in the process. A health insurance agent would be very obliging with offering rate quotes and other cooperative advice on this subject. Low income medical insurance is there to assist the people, but could be upsetting if not correctly understood. Making the choice requires a clear head, and precious research, understanding on the many options that are available.

But, In Case We Are Afflicted With Any Dental Problems, A Dental Insurance Policy Will Certainly Help You Overcome All Your Dental Problems With Ease

Category: Finance, Insurance.

Healthy and perfectly set teeth certainly add to the beauty and grace of the human face.

Apart from enhancing the beauty of the face, teeth perform a very important function that keeps our bodies healthy and in perfect working condition. A perfect set of pearly whites is the key to an enchanting smile that can win over people. The function of eating. But, in case we are afflicted with any dental problems, a dental insurance policy will certainly help you overcome all your dental problems with ease. Hence we certainly have innumerable reasons to take ample care of our teeth and protect them from all possible maladies like infections, decay and other, cavities problems. Why does the need for a separate dental insurance policy arrive, if one has already taken a general medical policy? Only a few common diseases that ail the human body may be included in the list, and most of the times the illnesses listed deals with ailments that afflict the complete body of the person, an upset stomach, like influenza, etc.

The fact is that it is not necessary that all health problems be covered under the general policy. Specific problems that affect individual body organs like the eyes, ears or teeth are mostly not included in the general medical insurance policy. Even a casual visit to the dentist costs quite a lot, and if you have to undergo a prolonged treatment, then it burns quite a big hole in the pocket. In order to deal with escalating dental care prices, it has become imperative for everyone to get insured under the dental insurance policy. A dental insurance plan assists and encourages people to be more regular and prompt in their visit to the dentist, so that their dental problems, can be discovered, if any on time and their treatment started promptly so that their teeth can be prevented from greater damage.

The Study' S Findings Also Indicated Medical- Related Bankruptcies Often Hit Middle- Class Families Hard

Category: Finance, Insurance.

Catastrophic illnesses are claimed to have triggered approximately half of all personal bankruptcies in the United States.

Researchers found that many private insurance plans that offer limited catastrophic coverage were inadequate and offer little financial security for less severe illnesses. According to recent findings from a Harvard University study, most people who go bankrupt because of medical problems also have health insurance. Questionnaires were distributed to 1, 771 bankruptcy filers in 2001 in California, Pennsylvania, Illinois, Tennessee and Texas. Sickness and rising medical bills were cited as the cause, for 42 percent, in part of the personal bankruptcies. According the study, a total of 46 million personal bankruptcies were filed in the United States during 200 Nearly 1, 000 individuals questioned gave detailed interviews about their financial and medical circumstances. The numbers grew to 55 percent when an additional three other factors were included as triggers for medical- related bankruptcies: birth, death and gambling addiction. The study also cited that a majority of individuals looking for court protection from creditors had health insurance, with more than three- quarters reporting they had coverage at the beginning of the health catastrophe that triggered their bankruptcy.

The study assessed that medical bankruptcies currently affect approximately 2 million Americans annually, 000 children, including 700. The study also found that 38 percent of the participants had temporarily lost coverage by the time bankruptcy was filed, with catastrophic sickness or injury frequently leading to both job and insurance loss. High- priced coverage through COBRA, is meaningless if, while well intentioned people can' t afford to pay for it. Unfortunately, it's become apparent that, serious illness often, for many Americans leads to job loss, which also means loss of health insurance. Bankrupt families also lose more than just assets. A third had their utilities shut off, and nearly two- thirds skipped needed doctor or dentist visits.

One out of five families goes without food. The study's findings also indicated medical- related bankruptcies often hit middle- class families hard. The study did not, examine how many, however bankruptcy filers were from dual- income families, where both partners had medical insurance. With 56 percent of the filers being college graduates who owned a home. The Harvard findings echo previous studies which have generally reported that a majority of bankruptcy filers cite medical problems as a primary cause of bankruptcy, as well as other factors, job loss and, including easy credit financial mismanagement. If you' re uninsured, concerned about your current individual health plan's catastrophic coverage, or simply tired of paying an arm and a leg for major medical health insurance, you should take a look at the revolutionary comprehensive individual health insurance solutions created by companies specifically for young, healthy individuals. Many health insurance experts suggest that the Harvard study did not adequately explore the role disability income protection plans and personal savings can play in helping individuals with medical problems avoid bankruptcy.

Car Insurance Is A Necessary Evil To Many

Category: Finance, Insurance.

Car insurance is a necessary evil to many. Good things need to be protected and especially a thing as beloved as a car needs protection against all those factors that can threaten to wear off its beauty.

If you have a car, you must have an insurance too. Accidents and natural wear and tear or even thefts or burglaries are sad possibilities that cannot be ruled off. And if you have set up your mind on going for a good deal on your car insurance, you need to do better research than others who might be wasting money due to unnecessary hurry. Car insurance comes as a great boon at times as these which may seem inevitable. You ought to take your time to find the best deals and also, at the same time, keep in kind some basic guidelines that can help you make a match out of it- because in the end, what you would like is to give your car protection and an assurance of good treatment and in the process, not end up hurting your pocket either. A bit of tact and good information about the insurance products always stands you in good stead.

If you intend to go online, you are sure to come across many good web sites that can offer you good deals and give you your money's worth- with clear- cut terms and conditions and hassle- free service when you have to claim your insurance sometime. One thing to be understood well here is that the cheapest car insurance is more often than not, not the best one. Therefore clarity is imperative as to what areas and under what conditions your car insurance is applicable. For all you know, they may contain hidden costs or otherwise hassles that you may have to face when you make your claims. Online car insurance quotes also give you the ease of applying while sitting at home and faster application processing at that. Online market is also more flexible and you can strike up customised deals, if you informed enough.

Also, since the internet insurance market is relatively new, chances are that you might come across special discounts.

In Addition, Flood Insurance Does Not Have To Be Re- Paid

The lazy days of summer are upon us.

But don' t doze off in that hammock just yet. So pass the sweetened sun- brewed iced tea with the mini cocktail umbrella and light up a few tiki torches. Along with summer comes the increased chance of severe summer weather. Eight days shy of hurricane season, time is quickly ticking for consumers to take action against financial ruin in the event of catastrophe. As hurricane season swiftly approaches, homeowners are encouraged to prepare for worst case scenarios. With an increased amount of hurricanes anticipated this season, the National Oceanic& Atmospheric Administration urges folks to prepare for the worst. So what do you need to do to prepare?

The NOAA reports that approximately 13- 17 storms will be named and seven to 10 will likely become hurricanes. Don' t run to the home improvement store just yet. Because hurricanes bring torrential rains and cause extensive flood damage, you need to be sure you' ve purchased flood insurance. "But doesn' t my homeowner's insurance take care of flooding? Plywood and duct tape won' t prevent or fix damage from a hurricane. I thought homeowner's insurance was supposed to cover things like this? " While it seems logical that homeowner's insurance would cover flooding, it does not. You have several options when it comes to purchasing flood coverage.

With FEMA reporting flooding as America's# 1 natural disaster, it makes sense to look into purchasing flood insurance. The National Flood Insurance Program offers two federal programs. This flood insurance can be purchased directly from the NFIP or from some insurance agents. "But do I have to buy flood insurance when there is a national disaster program that will assist me? " Because both programs provide coverage for flood damage, you don' t HAVE to purchase flood insurance. The main stipulation for these programs is that your community must enroll and be an NFIP participant. Like many government programs, national disaster assistance, however requires much more paperwork and waiting than flood insurance does. Most disaster assistance comes in the form of a loan, so it has to be re- paid over a set amount of time. In addition, flood insurance does not have to be re- paid.

Disaster assistance is only guaranteed when the president puts it into effect- and even then you have to wait for reimbursement. If you need to apply for flood insurance, start preparing ASAP. In short, keep in mind that FLOOD INSURANCE IS NOT INCLUDED in your homeowner's insurance policy. Unless you just built your house, there is a 30- day waiting period between when you apply for the insurance and the date it goes into effect. Publishing Guidelines: This article may be published with permission by sending a request to krista@ hometownquotes. com. With a little more than a week before hurricane season and 30 days for your policy to take effect, don' t let time slip away with the lazy days of summer unless you' re insured for flood damage.