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Tuesday, 25 February 2014
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PRIVATE COMPREHENSIVE MOTOR POLICY

Private car insurance relates to private cars used for social and domestic purposes and / or business purposes. Comprehensive policies issued to individuals also include personal accident benefits for insured and spouse, medical expenses and loss of or damage to rugs, clothing personal effects.
All vehicles used for commercial purposes, lorries, taxis, vans, hire cars etc. are not insured under private car policies but under special contracts known as commercial vehicle policies.
The Company will indemnify the insured against loss of damage to the Motor Car and / or its accessories whilst thereon by :
Accidental external means
Fire external explosion, self – ignition or lightening or frost
Burglary, house – breaking or theft
Malicious act
Riot, strike
Flood, hail, wind, hurricane, cyclone, tornado, or typhoon
Earthquake, volcanic eruption or other convulsion of nature and
Whilst in transit by air, road rail inland waterway, lift or elevator

Liability to third parties:

The insured will be indemnified in the event of accident caused by or arising out of the use of the Motor Car against all sums including claimant’s cost and expenses which the insured shall become legally liable to pay in respect of:
Death of or bodily injury to any person but except so far as is necessary to meet the requirements of Section 95 of the Motor Vehicles Act, 1939
Damage to property other than property belonging to the insured or held in trust by or in the custody or control of the insured.
The company will pay all the costs and expenses incurred with its written consent.

Medical Expenses:

The company will pay to the insured the reasonable medical expenses not exceeding Rs. 350/- in respect of any one accident incurred in connection with any bodily injury by violent accident external and visible means sustained by the insured.
Friday, 21 February 2014
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PRIVATE COMPREHENSIVE MOTOR POLICY

Private car insurance relates to private cars used for social and domestic purposes and / or business purposes. Comprehensive policies issued to individuals also include personal accident benefits for insured and spouse, medical expenses and loss of or damage to rugs, clothing personal effects.
All vehicles used for commercial purposes, lorries, taxis, vans, hire cars etc. are not insured under private car policies but under special contracts known as commercial vehicle policies.
The Company will indemnify the insured against loss of damage to the Motor Car and / or its accessories whilst thereon by :
Accidental external means
Fire external explosion, self – ignition or lightening or frost
Burglary, house – breaking or theft
Malicious act
Riot, strike
Flood, hail, wind, hurricane, cyclone, tornado, or typhoon
Earthquake, volcanic eruption or other convulsion of nature and
Whilst in transit by air, road rail inland waterway, lift or elevator

Liability to third parties:

The insured will be indemnified in the event of accident caused by or arising out of the use of the Motor Car against all sums including claimant’s cost and expenses which the insured shall become legally liable to pay in respect of:
Death of or bodily injury to any person but except so far as is necessary to meet the requirements of Section 95 of the Motor Vehicles Act, 1939
Damage to property other than property belonging to the insured or held in trust by or in the custody or control of the insured.
The company will pay all the costs and expenses incurred with its written consent.

Medical Expenses:

The company will pay to the insured the reasonable medical expenses not exceeding Rs. 350/- in respect of any one accident incurred in connection with any bodily injury by violent accident external and visible means sustained by the insured.
Thursday, 20 February 2014
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Health Insurance

Health care insurance
This specific deal with caters the need associated with medical and also health care insurance associated with functioning staff and also the dependants seeing that a group of a business. The actual plan offers safeguard against injury and/or conditions or illnesses caused in to in-patient hospitalization. Specialized diagnostic exams are insured (such seeing that CT check out, MRI Etc. ) given that they will end result in to beneficial diagnosis associated with many health issues or disease then immediate associated hospitalization. The actual deal with may be extended to feature mother to be rewards and also specific hate illnesses like Myocardial Infarction, Coronary Artery Illness, Cancers, Hepatitis W & Chemical, Coma, Stroke, and also Major Wood Transplant.

Exactly why helath insurance?
“Calamities occur uncalled, helath insurance helps you to save an individual through sudden medical expenditures”
Using the ever increasing expense associated with topical treatments, the necessity to budget substantial volume low-cost along with small volume substantial expense treatments is now serious.
A hassle totally free much less time intensive and even more inexpensive solution can be “Saudi Pak Insurance”. It besides outsources your increasing bills, but minimizes an individual psychologically and also monetarily associated with medical problems. Exactly why Pick Saudi Pak Business Medical insurance?
We think solemnly throughout offering the utmost insurance policies safeguard at most competitive price tag in the highly successful way towards company segment.

That can become insured?
Doing work (regular /contractual) staff, the reliant, husband and wife and also mothers and fathers as much as age 65 years. Centered Young children upto age 25 years. Divorced/separated/widowed daughter(s) depending on this member of staff with virtually no era restriction.
What rewards we offer?

  1. IMPATENT PROFIT (Hospitalization and also Surgery Expenses)
  2. EXPECTANT MOTHERS PROFIT (Optional cover)
  3. FEAR DISORDERS PROFIT (Optional Cover)
  4. OUTPATIENT BENEFITS (Optional cover).
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Insurance History

Insurance policy is usually a threat transfer device. It’s a technique of changing the responsibility pertaining to losses to help experts (insurance companies) who handle danger by scattering the item above a large number of people as well as firms.

A head unit of security towards loss where a number of individuals consent to fork out a number of amounts of cash, named payments, to make a swimming pool of cash that'll operate the share of the individual to pay the actual losses of the couple of brought on by occasions such as flames, accident, disease, as well as death.

History:

History is important with the research associated with virtually any theme. It is much more vital throughout insurance policy considering that the requirements on the insurance policy concept tend to be composed inside websites associated with background. Fortunately, insurance policy has a loaded and useful background. It's background reflects a number of intervals associated with man civilization. It's start seemed to be simple and progress slow. Because trade and marketplace produced, your need associated with insurance policy seemed to be likewise thought and also the company associated with insurance policy seemed to be created, as the proverb should go: “Necessity could be the mother associated with invention”.

Legal agreements, referred to as bottomry, ended up employed by funds creditors to be able to change the responsibility associated with chance through entrepreneurs associated with ships or maybe cargoes to be able to independently. Your personal loan seemed to be baulked, if the deliver or maybe freight seemed to be misplaced after a voyage. Your modify with the bottomry personal loan, if the voyage seemed to be productive, seemed to be quite high because doing so involved the volume of interes and cost associated with chance. Your long term contract associated with bottomry personal loan in reality sowed the actual seed products on the insurance policy concept.

In line with extant documents, lending options in the form of bottomry ended up recognized by the actual suppliers associated with Babylon in the course of 4000-3000 B. Chemical. It is usually noted which bottomry seemed to be used by the Hindus throughout 6000 B. Chemical. Possibly throughout old The european union, the actual Greeks and also the Romans likewise implemented that commercial train. For that reason, the foundation associated with insurance policy is quite aged and person, in some manner or maybe the other, offers carried on their solemn work to be able to tide total difficulties which came up throughout their solution to create their life effortless and at ease.

Although sea insurance policy originated from Madeira, its train steadily multiply to be able to some other trade companies associated with The european union. With Bruges there's a history of the judge objective viewpoint within the insurance policy argument throughout 1377 The. Deb., whilst in 1435 The. Deb. a good ordinance regulating sea insurance policy seemed to be released throughout Barcelona. In the same way, a good ordinance associated with Florencia, old 1523 The. Deb. codifies the actual train associated with German insurance policy. By means of now, using the waning incredible importance of Mediterranean trade after the finding associated with The usa, Antwerp started to be a leading insurance policy industry, containing place to Manchester throughout later on times.

Boat insurance policy could be the first class of insurance policy enterprise that was produced. With Great britain, the first documents associated with sea insurance policy arrive at us in the judge associated with Admirality. With thanks span of period, insurance policy started to be overseas throughout its personality. With 1563 The. Deb., a good Antwerp service provider insured about three ships over a voyage through Havre to be able to Key The usa. This specific plan, throughout This particular language, seemed to be shared through 25 several United kingdom underwriters. This specific plan, throughout This particular language, seemed to be shared through 25 several United kingdom underwriters. This specific engagement on the Uk underwriters verifies the actual speedy insurance policy progress throughout Manchester. With 1570 The. Deb., London’s own bourse that was built through Friend Thomas Gresham, seemed to be known as the actual Royal Exchange through King Elizabeth When i, associated with Great britain.

Until finally 1720 The. Deb., sea insurance policy seemed to be completely inside palms associated with particular person underwriters, as their main enterprise seemed to be trade and commerce and insurance policy seemed to be any side-line. These individuals ended up both obtainable in the actual Royal Exchange or maybe throughout one of the community espresso residences, of which Edward Lloyd’s, who originally started off their enterprise throughout Tower system Avenue inside Location associated with Manchester, migrated later on to be able to Lombard Avenue. Very soon, Lombard Avenue started to be the actual major middle associated with sea insurance policy. Lloyd’s Java Household seemed to be the actual middle intended for product sales associated with ships and the cargoes. On this Java Household, businessmen might come intended for espresso and take a moment to share with you the enterprise and might trade info on the actual movements associated with ships. Lloyds thought have you thought to start a short publication so the individuals might have the most recent info on the actual movements associated with shipwrecks. So, they released the actual publication. Once the require with the publication increased, they thought have you thought to open up a typical account in which just about all businessmen might get involved and put in money in line with the methods. I thought this was the start of insurance policy. Edward Lloyds past away throughout 1713 The. Deb. though the espresso property seemed to be continued through their family members. On this coffee-house, the person providers, or maybe underwriters focused on sea insurance policy, helpful to collect to try and do insurance policy enterprise. Little by little, any business heart was created most notable. With 1772, the actual underwriters build the actual committee associated with Lloyd’s to be able to control the extramarital liasons. With 1733, the actual seller on the preceding coffee-house started out the actual newsletter associated with Lloyd’s Checklist, that afforded the actual movements associated with ships as well as other things associated with trading attention. Lloyd’s Checklist remains published as being a regular newspapers through Manchester.

With 1871, Lloyd’s React seemed to be handed down to include the actual Community associated with Lloyd’s or maybe the organization associated with Lloyd’s since it has become termed.

Your students associated with insurance policy must keep that simple fact at heart which Lloyd’s does not themselves give insurance policy because insurance providers do. Your policyholder that has any Lloyd’s plan is usually insured “at Lloyd’s” not really having Lloyd’s. “i. at the. Lloyd’s is much like a large market-place associated with insurance policy where by particular person underwriters stay to accept hazards associated with insurance policy. Your the liability in order to meet states beneath plan rests just having people underwriters who are determined through anyone plan, every single intended for his own discuss on the chance.
A great insurance professional must be certified to be able to Lloyd’s ahead of they can location enterprise generally there and inscribe with their note-paper right after their target the globe “and on Lloyd’s”. Organizations associated with Lloyd’s stockbrokers might be both one-man enterprise, relationships, or maybe confined companies, and a minimum of one on the spouses or maybe owners is required to become whether associate my spouse and i. at the. a good underwriting member of, or maybe a good once-a-year subscriber to be able to, Lloyd’s. Your firm have to come up with a substantive put in having Lloyd’s which is held because security intended for fulfiloment on the firm’s bills to be able to underwriters. On Lloyd’s the actual agent is usually cared for throughout legislation as the real estate agent on the proposer, but not on the insurance underwriter.

Where Edward Lloyd’s Java property seemed to be located, seemed to be taken over by the authorities as being a country wide tool now just one flows these kinds of terms within the brass plaque “Lloyd’s Java Household 1691-1785”.

Lloyd’s seriously isn't right now a good insurer but a good insurance policy corporation which is explained that it's the largest insurance policy firm on earth and participates available of any insurer of any region. In other words, where by there's insurance policy, there's Lloyd’s.

This specific firm right after its organization throughout 1688 made this kind of speedy strides which, right after of a one hundred year, as soon as throughout 1799 any deliver packed having silver and gold bullion went under, the actual Lloyd’s paid way up its insured value of the million single lb sterling. The biggest sea decline encountered through that firm was a student in 1975 as soon as, as a result of wreckage associated with 802, 502 tonnes associated with freight and deliver, it paid 122 million weight sterling just a year.

Your Earthquake fire throughout San francisco bay area throughout 1906 generated the actual payment through Lloyd’s associated with 25 million weight.

With 1970, just one aeroplane seemed to be hijacked and ruined through fire. Lloyd’s paid 14 and a half million weight.

With 1974, any Turkish Air carriers DC-10 crashed near London, and Lloyd’s paid its complete insured value of 1 100 million weight.
After Lloyd’s, numerous insurance providers have come directly into existence a lot of whom have got worldwide popularity and positioned.
As soon as the finding associated with sea insurance policy some other lessons associated with insurance policy for example fire, life, electric motor, car accident etc. shown up in the market. Once the Great Flame associated with Manchester happened throughout 1666 The. Deb., not any fire insurance policy been around. In the same manner, insurance coverage made its debut throughout 1553, if the life of 1 William Gibbons seemed to be insured through 16 particular person underwriters throughout Manchester.
Just how some other lessons associated with insurance policy had become would be elaborated throughout some other chapters on this book, as soon as every single class associated with insurance policy would be addressed.

Importance of Insurance?

Monetary stability may be the almost all preferred peace of mind of wellness from the modern day of technological know-how. A highly effective instrument of guaranteeing stability is actually Insurance-may the idea are the stability from the dependants from the bread-winner or maybe it usually is the stability of merchandise dropped because of the natural, pet or maybe circumstantial mishaps.

While male developed his or her system or maybe weapons to the protection of his or her human body, they furthermore developed method of monetary in addition to financial protection. That emerged from the shape of lifetime in addition to non-life insurance.

The main topics term life insurance may be the people and the item is to provide financial stability, for the dependants from the loved one, though the subject of non-life or maybe basic insurance includes many techniques from a pin into a large fly, all merchandise in addition to property or home – with all the item of putting someone the government financial aid exactly the same budget from the reduction as they ended up being in the event from the reduction. It would, thus; be seen which insurance is actually the very best equipment to shield oneself from the terrible side effects of personal or maybe property or home reduction as a result of unfortunate occasions.

The particular want of most folks happens to be, and can generally continue being, to live on a better, healthier, easy lifetime. To satisfy this particular basic require of people, establishments produce and offer merchandise in addition to solutions in addition to, in the operation, help make improvements in addition to innovations. If you help make improvements in addition to innovations, a person take major risks. An tedious liability devolves on the neck of innovators in addition to brains in addition to, though accomplishing this, that they perform with all the day-to-day lives of folks. A tiny problem or maybe lapse might cause quite a few uncomfortable side effects that might result in the dying or maybe incapability of a large number. The particular infamous case of Nation Carbide, typically referred to as Bhopal tragedy, in Of india took place in 1984, when poisonous gas fled from on the vegetable, eradicating 3, 3 hundred folks in addition to wounding two hundred, 000. The particular Gigantic The courtroom of Of india satisfied this particular state regarding some US$470 trillion.

These kinds of circumstances discuss about it the significance of insurance. Got insurance definitely not also been behind every one of these innovators, the earth would not have got advanced in all of the walks of our day-to-day lives. Once this particular self deprecation component ended up being cared for, the entrepreneur started trying to find brand-new and much more sophisticated machines, programs in addition to gadgets. Atomic vitality ended up being harnessed to the development of male. The booster rockets put the person on the moon. Desktops permitted male to accumulate advice for the almost all difficult complications in moments which is why a good armed service of professionals got days to fix. Deeply waters have been used in addition to bowels from the globe have been torn separate fearlessly to help draw out prosperity to the development of male. Concords in addition to Big jets have been developed and the world shrank into a modest dimensions. Professional medical sciences created incredible developments in addition to almost all of the hydraheaded disorders, horrible by male coming from occasions immemorial, have been wiped out, growing man’s life span. All this happened because of insurance support.

In all of the spheres of a man’s lifetime, insurance can there be to assist in addition to help him, whether it is electric motor insurance, or maybe fire or maybe lifetime or maybe any school of insurance. The particular assisting side of insurance is actually presently there to shield and offer him financial stability.

Insurance policy can be a powerful software regarding mobilization of benefits which usually helps each from the control of inflation in addition to in money enhancement to the advancement from the region. Thus, the idea performs a vital part from the monetary development of a region.

Throughout contentment moment, the coffers of insurance are usually open to buy and sell in addition to business which usually eventually has contributed for the development of male. Insurance policy is a good cause of profits for the country wide exchequer. Simply speaking, “Insurance has become the almost all major forces contributing towards monetary, societal in addition to scientific development of man”. In other words, development of insurance is actually related to the development of male.

While in conflict, insurance performs it's major part as no different monetary task can certainly. A life insurance policy budget conflict attempts, sea insurance delivers money regarding brand-new lines anytime these kind of yachts are usually sunk, though fire insurance creates merchandise the losses maintained as a result of fire caused by bombing.

Devoid of policy all business, monetary in addition to societal task from the world should come into a running reduce. Major buy and sell in addition to business oriented contracts is going to be deserted, aeroplanes grounded, in addition to car targeted traffic taken coming from streets. You will have a good ful mayhem. This kind of implies that insurance is a synonym of human development, success in addition to civilization.
Monday, 17 February 2014
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Vehicle Donation Program

You can help change a life by donating your used vehicle to Teen Challenge. Every car, truck or mini-van we receive helps to fund the life-changing program that sees young people get off the streets and off drugs — permanently!
Donating your used vehicle to Teen Challenge is easy! A national toll free number and a simple online form mean it’s easier than ever to donate a car to Teen Challenge.
Teen Challenge London Donate A Car

3 Easy Steps

  1. Fill out our simple online form or call us toll free at 1.877.684.4777 or in Alberta at 1.800.856.8902.
    *Please have an accurate 6 digit odometer reading and your 'Vehicle Identification # (VIN) before starting the donation process.
  2. We’ll send you a vehicle donation kit. Please complete and return to us
  3. Drop off your donated vehicle at one of our convenient drop-off locations. If required, you can arrange for us to pick up your donated vehicle. Just call us.
* Note: VIN # is a 17 digit number on your ownership.

The Benefits To You

  • Easy and convenient. You can drop off your donated vehicle at one of our drop-off locations or we’ll be pleased to arrange pick up at your door.
  • Fair market value tax receipt for your donated vehicle that often exceeds the vehicle’s trade-in value for your next tax return!
  • The satisfaction of knowing you’re helping to change lives through the work of Teen Challenge across Canada.

Drop-off Locations

For other drop-off location across Canada, click here

Equipment Donations

Have a boat, RV, trailer, motorcycle, or other vehicle of piece of equipment to donate?
Please call us at 1.877.684.4777 or in Alberta at 1.800.856.8902.

Purchase A Used Car

If you live in Southwestern Ontario, Teen Challenge has a variety of used cars and trucks for sale at good prices. For a list of current vehicles for sale, please visit www.teenchallengecars.ca.
Thank you!
When you donate your car, truck or mini-van to Teen Challenge, the proceeds from your used vehicle help keep our doors open to help more young people trapped in addiction find a new start in life again.
Thank you on behalf of the young women (and older ones too) in our care.
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Donate a Car to the Charity of Your Choice

Auto removal - Turn your used cars into CHARITY CARS

  • Are you looking for a quick and easy way to recycle or dispose of a scrap, used or junk car?
  • Do you have a newer vehicle to donate that would increase your tax deductible giving?
  • Would you like us to pick up your used cars for free? We provide free car removal towing service.
  • You can make a difference by donating your vehicle to the charity of your choice!
  • Let the memory live on by donating an estate vehicle.
  • Remain environmentally friendly by recycling your used cars, while contributing to the well being of others.
 

Donate Your Used Cars. It's Easy!

  • Submit your vehicle information here.
  • Donate a Car Canada will arrange to have your vehicle picked up at no cost to you.
  • We will look after all the details to sell or recycle your used cars.
  • We will send a cheque to the charity of your choice, and they will send you a tax deductible receipt.
 

Opening the Doors to Charities Nationwide

Donate a Car Canada makes it easy for ANY Canadian Charity to benefit from vehicle donations nationwide. Most charities are not set up to directly receive vehicles as a form of donation. The process is too complicated, time consuming, and costly for them, thus making it a difficult or impossible form of fundraising.
This simple process makes it possible for more charities to benefit from the generosity of donors like you. We expertly handle all aspects of processing your used cars; send the net sale proceeds to the charity, and then the charity mails you the tax receipt.
 

Giving You the Power of Choice!

Supporting charitable organizations is a valued and respected part of our Canadian society. As we realize that people are drawn closer to certain charities and causes, Donate a Car Canada gives you the power of choice in making your generous donation. With many charities to choose from, you can feel satisfied in knowing that you are contributing to the charity that is closest to your heart.
 

We do MORE than Recycle Your Ride!

While we recycle vehicles in an environmentally friendly manner, we are not just auto recyclers. If you have a newer or estate vehicle that you would like to donate, we have selling agents across the country that are ready to assist in maximizing your donation.
Donate a Car Canada accepts all types of vehicles for donation. Donate your Car, Truck, Van, SUV, Motorcycle, Boat or RV.
Saturday, 15 February 2014
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4 Types of Health Plans: How They Compare


You have choices when you shop for health insurance. If you're buying from your state's Marketplace, the first way you'll see health plans organized is by their level of care: bronze, silver, gold, and platinum. Bronze plans have the least coverage and platinum plans have the most.
Next, you'll see insurance brands associated with the care levels. Some large national brands include Aetna, Blue Cross Blue Shield, Cigna, Humana, Kaiser, and United. If you're buying insurance from your employer, the brand name might be the first category you see.
Each insurance brand may offer one or more of these four common types of plans:
  • Health maintenance organizations (HMOs)
  • Preferred provider organizations (PPOs)
  • Point-of-service (POS) plans
  • High-deductible health plans (HDHPs) linked to health savings accounts (HSAs)
Take a minute to learn how these plans differ. Being familiar with the plan types can help you pick one to fit your budget and meet your health care needs. To learn the specifics about a brand's particular health plan, look at its summary of benefits.

Health Maintenance Organization (HMO)

An HMO delivers health services through a network. With an HMO, you may have:
  • The least freedom to choose your health care providers
  • Predictable out-of-pocket costs
  • The least amount of paperwork compared to other plans.
  • More preventive care in your benefits package
  • A primary care physician to manage your care and refer you to specialists when you need one so the care is covered by the health plan
What doctors you can see. Any in your HMO's network. If you see a doctor who's not in the network, you'll have to pay the bill yourself -- unless it's a true emergency.
What you pay.
  • Premium
  • No deductible
  • Copays for each type of care
Paperwork involved. No claim forms. You won't get bills for care that is covered.

Preferred Provider Organization (PPO)

With a PPO, you may have:
  • A moderate amount of freedom to choose your health care providers -- more than an HMO
  • Higher out-of-pocket costs than an HMO
  • More paperwork than other plans if you see out-of-network providers
  • The ability to manage your own health care
What doctors you can see. Any in the PPO's network. You can see out-of-network doctors, but you'll pay more.
What you pay.
  • Premium -- Your monthly payments are based on the negotiated rates PPOs have with their network providers.
  • Deductible -- Some PPOs may have a deductible. You may have to pay a higher deductible if you see an out-of-network doctor.
  • Copay or coinsurance -- A copay is a flat fee, such as $15, you pay when you get care. Coinsurance is when you pay a percent of the charges for care, such as 30%.  
  • Other costs -- If your doctor charges more than others in the area do, you may have to pay the balance after your insurance pays its share.
Paperwork involved. There's little to no paperwork with a PPO if you see an in-network doctor. If you use an out-of-network provider, you'll have to pay the provider. Then you have to file a claim to get the PPO plan to pay you back.
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6 Ways to Get a Discount on Car Insurance

Discounts. Discounts. Discounts. Insurance companies are always touting how great their discounts are trying to get your attention. If you are looking for the absolute lowest rate, you need to make sure you have the very best discounts. All car insurance companies offer discounts, but what discounts are the very best? The actual percentage of each discount may vary between insurance carriers; however, these remain the 6 best car insurance discountsamong most carriers.
  1. Multi Policy Discount is probably the single biggest discount available on a car insurance policy. Car and home insurance packaged together is exactly the type of business many insurance carriers are looking for and they will work hard to get it. Some offer a discount as high as 20 percent. It is rare for someone to obtain cheaper insurance by separating their car and home insurance through different carriers. If you own a home, always try to find an insurance carrier that packages your car and home policies together.
  2. Multi Car Discount is also a major player in car insurance discounts. Your overall rate is typically higher when you own two vehicles verse one, but per vehicle you are paying a cheaper rate compared to insuring the vehicles individually. For example, if you own two vehicles and are paying $400 for one and $400 for the other, your rate could go up to $490 on one if you sell the other.
  3. Financial Stability Discount is finding its way onto more and more car insurance policies. The difference between the top score and the bottom score can mean a difference of hundreds of dollars each year. Insurance companies have done extensive studieswhich prove a direct correlation between low insurance credit scores and high claim activity. Therefore, insurance companies reward good insurance credit scores with a financial stability discount in hopes of low claim activity.
  4. Good Driver Discount usually applies to drivers that have not had an accident or ticket in the past three to five years. A couple of reasons exist for why this discount is so sizeable. It is almost a combination discount because someone with a speeding ticket not only doesn't qualify for the good driver discount, but they are also surcharged for the ticket. Also, the good driver discount is usually applied per driver. So every driver in the household could potentially receive this discount greatly helping to reduce the overall expense of car insurance.
  5. Good Student Discount as its name portrays, only applies to students getting good grades. Usually a 3.0 grade point average or better is accepted. Also, the normal requirement for college students is 12 credit hours or more to qualify. Young drivers often pay higher rates and insurance companies reward good students with a discount. The theory stands that if a student spends a lot of time home studying then less time is spent getting into trouble behind the steering wheel.
  6. Homeowner Discount on a car insurance policy may be surprising to some. Insurance carriers often offer this discount to clients who own a home regardless if the home is insured with the same company. Insurance companies reward homeowners because they often have more stability than a renter. A homeowner can double dip with this discount by combining it with the multi policy discount; thereby, receiving two top discounts in one swoop.
Use these discounts to your advantage whenever it is possible. Review your car insurance policy to verify qualifying discounts are listed. Remember to bundle your car and home insurance together to receive the multi policy discount. Keep your credit score and driving record in check. If you are not happy with your current insurance rates, some things are in your control to help improve your rate.
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Best Ways to Make Your Car Insurance Payment

Paying for car insurance can be a stressor for many people. Insurance companies try to help by offering lots of different payment methods and payment plans. Some are certainly better than others. Learn about the options available to you to determine which one is best for you.

Payment Methods Listed Best to Worst

  1. Paid in Full
    Paying in full is the best option for a couple of reasons. Many insurance companies offer paid in full discounts, plus you can also save on monthly fees. Having your policy paid in full takes one bill off of your monthly list. It ensures you will not encounter a lapse in coverage.

  2. EFT
    Electronic funds transfer is when the insurance company directly taps into your checking account, savings account, or credit card to withdraw yourmonthly payment. Often you avoid payments fees and possibly even get a discount for signing up for this payment method. Using your checking or savings account is a good option because you can set it and forget it, while with a credit card you will have to update your expiration date. Credit cards are nice because then your insurance payments can help you build up reward points on your credit card. Some companies do not offer payment by credit card as an option for EFT. Electronic funds transfer is the closest option to paying in full.

  3. Monthly Electronic, Credit, or Cash
    Paying monthly is a common preference for many people. Monthly payment options include electronic check, credit card, or cash. Electronic check can be used as a onetime withdraw from your checking or savings account. Both electronic check and credit can be used to pay online, with your agent, or by calling your insurance carriers customer service number. Cash can be used to pay at most agencies. Just don't use your agency as a bank, it annoys insurance agents when they constantly have to break large bills.

Common Car Insurance Payment Plans

  • Annual
    Some insurance companies still offer annual insurance policies, but they are becoming rare. If you are a preferred driver risk, an annual policy is often the best policy. Being locked into an annual policy means your rates will not change for an entire year for any reason other than a change in vehicles. Paying in full means you will not have to think about your insurance payments for an entire year.

  • Semi-annual
    Paying in full on a semi-annual policy is also a good option. A semi-annual payment plan refers to a payment every six months. Annual policies can be paid semi-annually, however if you have a semi-annual policy your rates are up for change every six months.

  • Quarterly
    Paying every three months can help you avoid some payment fees, which makes it a worthwhile option.

  • Monthly
    Monthly payments are a nice option if you are tight on cash. Paying late is the biggest factor which can make this option a bad one. Pay on time and if at all possible opt for the electronic funds transfer.

  • Two Months Down with a 5 Pay Plan
    Two months down with a 5 pay plan is a common option when purchasing a new car insurance policy. Essentially, you get one month without a payment because you paid it at startup. Sometimes the month without a payment comes immediately after the policy is started, however, most of the time the month without a payment comes at the end of the policy term.
Selecting both the right payment method and payment plan is important when setting up your insurance policy. Changing your selection can be done at anytime. Most insurance companies allow you to pay extra at anytime usually slowing or reducing your payments. Take your car insurance seriously and prioritize it properly in your monthly budget.
Thursday, 13 February 2014
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Affordable Care Act

The Affordable Care Act allows all Americans to get comprehensive health insurance and offers new rights and protections. Some provisions of the law have already taken effect while others will be implemented in the coming years.
You can now enroll in health insurance through your state'sHealth Insurance Marketplace. The Marketplace can help you compare plans and find one that fits your needs and budget.
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6 Million Get New Health Insurance in US

About 6 million people in the United States have new health insurance coverage, part of national health-care reforms taking full effect on New Year's Day.

The government said that after three months of balky enrollment, more than 2 million people were able to buy new private insurance policies by the end-of-December deadline. The insurance coverage is part of President Barack Obama's signature legislative achievement, the controversial Affordable Care Act, popularly called Obamacare.

With the help of government subsidies, many of the people bought health insurance for the first time. Previously, many of the newly insured were unable to afford policies or were denied coverage by insurance companies who considered their medical conditions too costly to treat.

In addition, nearly 4 million people have enrolled for coverage under the government-sponsored Medicaid health care program for poorer Americans. Its expansion covers about half the country, with most of the cost picked up by the national government.

But most Republican governors opposed to Obama's health law have blocked Medicaid expansion in their states covering the remainder of the country. That will leave millions of mostly impoverished people without insurance.
VIA : VOA
Wednesday, 12 February 2014
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Kentucky car insurance

Kentucky car insurance

Drivers all over the United States are required to have motor vehicle insurance for any vehicle that they use. Depending on the state, the regulations concerning insurance laws will vary. From the types of policies to the documentation and minimum coverage amounts, it's important to understand each state's polices to make sure the correct plan is being purchased. Provided in this article is information concerning Kentucky auto insurance laws and Kentucky auto insurance ratings information.
Minimum Insurance Requirements
The State of Kentucky has strict auto insurance regulations for commercial and private vehicle operators alike. The minimum coverage amounts for the state are regulated by the Kentucky Department of Insurance. Kentucky law requires that motor vehicle operators carry a minimum of:
* $25,000 in coverage protection for bodily injury. This amount is per person involved in the accident, driver, passengers, other drivers, etc.
* $50,000 in coverage protection for bodily injury per accident.
* $10,000 coverage in personal injury protection insurance.
Personal injury protection insurance provides coverage for both lost wages and medical expenses, regardless of which party is at fault in the accident. Additionally, members of the insured's family, as well as passengers in the vehicle, who don't have their own motor vehicle or personal injury protection, are also covered under this coverage component as well.
The following coverages are considered optional in the state of Kentucky:
* Under-insured or uninsured motorist coverage
* Comprehensive coverage
* Collision coverage
It's essential that all drivers get a good quote to make sure that their Kentucky car insurance policy is best suited to meet their specific needs and budget. It is also important to ensure that the policy meets the mandated minimum by law. While it's ideal to get coverage that's affordable, Kentucky cheap auto insurance that sounds too good to be true may actually be.
The slightly lower than average minimums may be attributed to the driving conditions within the state as they are generally fair, for roads and road conditions. This can partially be attributed to the state's rather mild climate.
Electronic Insurance Reporting
Currently, all motor vehicle operators in the state of Kentucky are required to report their motor vehicle insurance information electronically. This information is then transmitted to the Department of Motor Vehicle Regulations. Having this information sent electronically allows the Department of Motor Vehicles to enforce local insurance laws easier. Although this information is stored electronically, drivers in the state are sill required to have an insurance card to provide as proof of insurance to law enforcement personnel when requested. After receiving several Kentucky auto insurance quotes, and deciding on a policy, the insurer will typically provide the driver with an insurance card.
Kentucky as a 'No Fault' Insurance State
The state of Kentucky is one of a handful of states that have a no-fault system set in place for automobile insurance. A no-fault system states that each insurance company representing each driver involved in a motor vehicle accident will be required to pay for their own damages. This amount is up to the personal injury protection limit, regardless to which party is at fault. Therefore, when an individual involved in an accident wishes to file a lawsuit against another party involved in the accident, their personal injury protection limit must have been exceeded first as the result of a serious injury.
The following injuries will typically qualify under Kentucky law as serious enough to file a lawsuit:
* Compressed, commingled, displaced, or compound fracture of a bone
* Irreversible disfigurement
* Permanent loss of a body function
* Permanent injury
* Weight-bearing bone fracture
While the bar is set pretty high on filing a lawsuit as a result of a motor vehicle accident in the state of Kentucky, parties do have the option to opt out of this law by filing the necessary forms with the Department of Insurance. By taking this option, each party has the ability to file a lawsuit against another person involved in the car accident, regardless to the "serious injury" clause.
It's important to remember that the no-fault clause only pertains to personal injury. Any property that has suffered damage as the result of a motor vehicle accident is considered liable to the person whom is at-fault.
Although motor vehicle accidents aren't always avoidable, one way to reduce the severity of injuries incurred as a result of a motor vehicle accident is through proper seat belt use. Currently 82% of United States residents wear seat belts all the time, in the state of Kentucky the rate is only 67%. This average is even lower in some rural portions of the state where the average falls to 54%.
Under-insured/Uninsured Motorist Coverage
Kentucky state law does not require that motor vehicle operators also carry an under-insured or uninsured motorist component. An under-insured or uninsured coverage option adds an additional layer of protection to existing insurance policies because it adds coverage in the event there is an accident with an operator who doesn't have enough or any automobile insurance whatsoever. Since drivers in the state aren't required to have this coverage option, they may qualify for cheaper Kentucky car insurance quotes.
Insurance Penalties
Drivers who fail to adhere to the mandated liability insurance requirements for the state of Kentucky will receive a $1,000 fine, up to three months in jail, and suspension of their driving privileges. For each subsequent offense of mandated liability insurance failure, the fines, reinstatement fees and jail times are more severe.
Kentucky Car Insurance Rates
Obtaining Kentucky cheap car insurance rates will require some research and cost comparisons between a few automobile insurance companies. On the positive, Kentucky insurance rates fall just below the national average. In 2011, the average automobile insurance rate was $1,629 for a twelve-month policy; the national rate was $1,790.
Factors that are considered to formulate Kentucky car insurance rates are as follows:
* Increased auto insurance fraud
* Higher percentage of uninsured motorist's when compared to other states
* Lower theft rates when compared to the national average
* Lower in-state repair cost
Each of these factors contribute to the lower automobile insurance rates available to Kentucky residents.
One factor that contributes to sometimes higher automobile coverage polices is Kentucky's increased rate of auto theft. The state of Kentucky has a higher average of auto theft occurrences compared to other states. Over the past 10 years, this rate has been on a steady decrease falling from 223.9 thefts per 100,000 inhabitants to under 140.9 per 100,000 inhabitants. The most commonly stolen car in the state is the 1994 Chevrolet Full-size pick up.
Here is a list of some of the major automobile insurance companies operating in the state of Kentucky:
* Progressive Insurance
* Geico Insurance
* Allstate Insurance
* Liberty Mutual Insurance
* Nationwide Insurance
* Travelers Insurance
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Online quoting systems: How to build an efficient tool

Consumers want to get the best deal on their insurance and to ensure their dollar is maximized in every possible way. One increasingly popular way to achieve this is by using online quoting tools to find the best rates. Consequently, insurance providers need to be where the consumers are and provide the best online quoting system available.

So where do you begin?
Before implementing any new tool for consumers, brokerages should always start with a needs assessment to determine the company’s specific objectives, and look at all the options for delivery. There are three types of online visitors: Browsers, Evaluators and Transactors. You need to ensure that your quoting system captures the needs of all three groups to be able to increase conversion rates.
Next, work with a service provider to create the statement of work, which outlines the scope of the project and the specific business requirements needed to fulfil your company’s objectives. A good quoting system should always have the following in place:
  • a content management system (CMS): A program that helps effectively manage language and content within the site.
  • a rules engine: This manages underwriting rules and other business applicable changes that you want to do within the quote process based on specific user profiles. This helps streamline the quote process by using an intuitive question set that would only ask specific profile questions based on prior inputs within the quote process.
  • a rating engine: Back in 1999 when Kanetix launched, a large amount of our partners didn’t have their rates accessible via the web. We built our own rating engines that can incorporate carrier-specific rating models for auto, property and motorcycle rates across Canada.
All three of these pieces are important to the online quoting portal, as they help to create an intuitive consumer experience, satisfying the needs of your consumer.
Test, Test, Test
Once your company has outlined its objectives and business requirements, work with a service provider to develop a software tool that will ensure your customers are able to easily navigate the tool. As with any software development process, make sure to build in the time to go through many rounds of quality assurance and testing to ensure that by the time your customers interact with the tool, it offers a seamless experience. It should take approximately 40 business days to get an auto solution to a User Acceptance Environment, then it is recommend to involve a broker or carrier in the process of training and validating logic.
Convert quotes to purchases
Once the online quoting tool is established, the next step is to offer customers the ability to Buy Online (BOL) and to upload to a broker’s management system (BMS)—all features that help minimize the cost and effort to process business electronically.
Brokerages should consider incorporating marketing messages into their online quoting systems. For example, mention your company’s competitive pricing, quality customer service or efficient claims process that differentiate you from your competition. It is also helpful to work closely with your marketing department to ensure they are also communicating the features of your online quoting system, which will in turn drive traffic to your website to complete quotes.
Lastly, ensure your brokerage’s online quoting system is designed to provide the consumer with a customized, seamlessly integrated solution from your informational website. Ensure you are quoting as many markets as possible to get the best rates for consumers, as well as have an intuitive, easy to understand question set within your quotation device.Don’t forget to measure

In today’s fast paced digital environment, success can be measured instantaneously through the use of web analytics tools, such as Google Analytics, Omniture and Webtrends. The ideal online quoting system should be adaptable and easily re-configured based on the specific results from these tools.
So how much does this cost?
There are two parts to pricing these solutions.  Initial licensing and configuration set-up costs, and then monthly recurring fees. Prices here range broadly depending on the engagement model for product suite and reach of the solution. For brokers looking to invest in this channel, it’s important to discuss a variable model with a provider.
Other helpful tips
It is extremely helpful to provide glossaries and frequently asked questions (FAQs) to help consumers during the quotation process. However, ensure you only provide responses to questions that are absolutely necessary to provide a rate.
It is also beneficial to streamline the process behind the scenes (offline) to achieve operational efficiency throughout the whole process. For example, ensure the data is being uploaded to a broker. If you write standard and non-standard business, find a way to seamlessly capture consumer information and send them down the correct sales channel.
Finally, time is money. It is a good idea to start with a smaller, well defined pilot project. Then take the learnings to build, analyze and enhance as you go. It is also good to leverage the expertise of someone in the field who has built a similar tool for your competition in the online space.
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