Archive for the ‘Insurance Tips’ Category
TATA AIG Student Travel Medical Insurance
August 26th, 2011
There are many international universities that receive thousands of Indian students every year. Many of these universities have mandated health insurance coverage for these Indian students to make sure that they are secured in case of a medical emergency. Medical insurance coverage can help student to pay medical bills and avoid financial crisis during their tenure as a student abroad. There are many insurance companies who offer student medical insurance at affordable premium cost.
TATA AIG Student insurance plans are very popular among Indian student visiting the USA or any foreign country to pursue their studies. The coverage of TATA Student insurance can begin before starting their journey from India.
Tags: Insurance
Posted in Insurance Tips | No Comments »
Professional Indemnity Insurance – which limit to choose?
August 25th, 2011
Professional indemnity insurance is, along with all types of insurance, something that people do not really want to buy nor do they really want to use it. But, if they do need to use it, they want it to operate fully to cover their claim.
This means, when we get a new quote request, and we ask the customer what limit of indemnity do they need, we get one of, or a combination of these three responses:-
1) What is the minimum limit you can sell me?
2) I need a limit of £x under either the terms of a contract or because their professional body requires cover to be in force.
3) What do you suggest?
We never answer question 1 without addressing question 3. T
Tags: Indemnity Insurance, Insurance, Professional Indemnity, Professional Indemnity Insurance
Posted in Insurance Tips | No Comments »
Why We Need Health Insurance
August 11th, 2011
As you get older, you realise that your health and body needs a little more help as well. After all, you are not as young as you used to be and certain things might not work as well anymore. The best thing for you would be to get health insurance. You might think that it is an additional cost and that you can always fall back on NHS. However, you also need to realise that there are more advantages to health insurance than disadvantages. Certainly it is no longer a luxury like it used to be. Here is why you need health insurance.
As mentioned earlier, many people tend to fall back on NHS as a crutch they use whenever they fall ill or they need medical assistance. Read full post…
Tags: Health Insurance
Posted in Insurance Tips | No Comments »
PartnerRe Comments on Financial Impact of Q2 Losses
July 28th, 2011
Bermuda-based PartnerRe Ltd. has provided information on the net impact of catastrophe-related large losses affecting second quarter 2011 results.
Significant losses, related to the tornadoes that struck the U.S. in April and May, are estimated to total $89 million, which includes the tornado losses during the last week of April 2011 that were already disclosed by the Company.
In addition, PartnerRe said it “expects to record $59 million in losses associated with changes in estimates during the second quarter for catastrophe events that occurred in the first quarter of 2011″.
The revised estimate is mainly due to “an increase in the loss estimate for the New Zealand earthquake in February 2011, following the receipt of recently revised loss information from cedants,” said the bulletin. “The Co
Tags: Losses, Q2 Losses
Posted in Insurance Tips | No Comments »
Aon Benfield Guide: All You Need to Know on Volcanoes, Landslides, Tsunamis
July 26th, 2011
The Aon Benfield UCL Hazard Centre has launched an introductory guide -”Getting to Grips with Non-Modelled Perils” - on volcanoes, landslides and tsunamis, which highlights the important characteristics that global insurers should know and consider when assessing their risks.
It focuses on “hazard and vulnerability,” and examines these three “key non-modelled perils to understand how they contribute to insurance losses and link to modelled perils.”
Recent events include the tsunamis generated by the Japan and Chile earthquakes, plus the disruption caused by the Icelandic and Chilean volcanic eruptions. These are ”re
Tags: Aon Benfield, Tsunamis
Posted in Insurance Tips | No Comments »
Hailstorms Result in 50,000 Claim Filings in Colorado, Wyoming
July 19th, 2011
Mother Nature wrecked havoc along the Front Range and southeastern Wyoming last week — again living up to the region’s weather reputation as “hail alley.”
The Rocky Mountain Insurance Information Association estimates insured damage to cars and homes in Colorado from last week’s hailstorm at $164.8 million as a result of approximately 29,800 claims — 17,200 auto claims and 12,600 homeowners claims.
Cheyenne’s hailstorm resulted in an estimated insurance price tag of $120 million resulting from approximately 19,800 claims — 15,200 auto claims and 4,600 homeowners claims.
Tags: Wyoming
Posted in Insurance Tips | No Comments »
Homeowners Insurance – Steps to Making a Claim
July 16th, 2011
The first thing you should do in order to file a claim under your homeowners premium is to notify your insurance company immediately. Get in touch with your insurance agent and inform him of the claims you want to make. He will advise you on the next steps to take.
Some homeowners insurance policies require notification in a specific timeframe to file for claims so immediacy is important. Request your agent to send over any relevant forms for you to fill.
Next, assess the extent of damage to your home and belongings. Make a video or take pictures and list down any damaged or lost items as well as their estimated value. Read full post…
Tags: Claim
Posted in Insurance Tips | No Comments »
Florida Governor Likes Idea of Privatizing State’s Citizens Insurance
July 16th, 2011
Florida Gov. Rick Scott quickly embraced a suggestion this week by the board chairman of the state-backed Citizens Property Insurance Corp. to consider privatizing Florida’s largest insurer of business and homes.
Citizens has roughly 1.4 million policies in force and is growing by more than 5,000 new policies each week. But their rates have remained below what many feel are realistically sound levels. F
Tags: Citizens Insurance, Insurance
Posted in Insurance Tips | No Comments »