Monthly Archives: April 2011

Landlords property insurance

Being a landlord is no easy task. You have to worry about a lot of things which includes making sure that the place you are renting is a safe place to live in for your tenants. In order to make that happen you should insure your property with a proper landlords property insurance. Knowing that renting a place will come with some specific risks you need to consider getting this type of specialized insurance policy, as a simple policy won’t provide all the necessary coverage.

In order to find the best landlords property insurance you should first think about all the things that you would want coverage for in case any accidents were to happen. First of all, keep in mind that you will be renting your property to some people you don’t know anything about, so you should choose a policy that provides coverage in case of malicious damages that might be caused by the tenants or their guests. When it comes to landlords property insurance the best thing to do would be to choose a policy that provides coverage for the things in the building that you own and also for repairs and fixtures that might be required in your building. This way your tenants will be happy and you will have peace of mind knowing that you are covered in case of such events.

Besides the usual risks that landlords property insurance covers for, like fires, explosions, theft, you can also add specific things that you would want the policy to cover for. Considering the fact that you never know when your tenants might leave without paying up their rent, you might want to choose a policy that provides compensation for such cases. Also if you want to be extra careful choose a policy that provides coverage in case your building will become uninhabitable or you can also opt for a policy that provides alternative accommodation for your tenants. No matter what your needs as a landlord are, landlords property insurance is specifically designed to cover for all your needs.

In case you are wondering how to obtain lower quotes for landlords property insurance, you should know that if the building is located in a smaller city or if you have no recent property claims and if the tenants have been living in your building for a long time and are responsible, there are high chances that you will get lower premiums on your insurance policy.

Angella Brown is an expert author on various interesting topics. To know more about the various policies why not compare Landlords property insurance yourself, from a range of top providers. For more in-depth analysis of insurance feel free to visit us at Landlord Buddy Insurance .

Where to find van insurance?

One of the most commonly asked question amongst van owners is where to find good van insurance. In this post I will be writing on where one can find good van insurance and also on how they can reduce the cost of the premium amount that they need to pay towards the policy.

When it comes to insurance there are two ways to find out all about various policies that exist in the market. The first one is either for you to approach a qualified and licensed insurance broker or to do your own research and find them out online. Both of them have their added advantages and their fair share of disadvantage. The first method of finding an insurance broker is perhaps the oldest and the easiest method for inexperience people in the field of insurance. For a new van owner who does not have any idea about various policies that need to be brought in order to properly protect the vehicle approaching a good broker saves a lot of trouble. a good agents will be able to offer you a custom made policy which suit all your requirement and also comes well within your budget limits. However the disadvantage of using the services of the broker is that they might withhold some information voluntarily. For example if there was a cheaper policy which would offer the same protection and a policy which comes with a huge price tag then the brokers try to push the costlier policy because they get a huge cut from the policy provider. In order to avoid being scammed all you need to do is ask around your friends and family and also try to question in depth about various policies released by a particular company or form different companies. This way you might be able to dig out the information you need.

The second way of finding a good van insurance policy is start searching on the internet all by yourself. This is best suited for those who have certain basic idea about insurance policy. Using internet is a child’s play. All one needs to do is log on to the sites which deal with van insurance policy and provide the required data. Once this process is done they will proceed to a list of policies which match their requirements. The van owners can take their time and read through all the policies even the various clauses provided in a particular policy. They can select the policy which suits them the best once they have understood everything about the policy.

Angella Brown is an expert author on various interesting topics. To know more about the various policies why not compare find van insurance yourself, from a range of top providers. For more in-depth analysis of insurance feel free to visit us at Vision Commercial Insurance

Guide For Landlords Buildings Insurance

If you are planning to rent your building then you should also consider buying a good landlords building insurance. Landlords building insurance is mainly designed to give financial protection to the landlords if there rental units were to be damaged. There are many varieties of landlord’s building insurance available in the market. In this post I will be writing how to purchase a good policy online and also how to get lesser quote on your policy.

Before you decide to purchase landlords buildings insurance policy you need to sit down and make a list of things that you need your policy to protect. It is vital that you know what you want, otherwise you might end up paying lot of money for things which you never needed in the first place. Once you have made the list of things that your policy needs to cover it is time for you to head to the internet. There are literally hundreds of websites which deal with insurance policies for landlords. All you need to do log on to those sites and start searching for the policies which might meet your demand and also suit your budget requirements. There are few things you need to know before you actually purchase any policy online. Follow these tips and you will surely be safe when it comes to buying landlords buildings insurance online.

  1. First and foremost not all the websites are authentic. There are many sites which have been created only to fool people into giving up money without any policy. So be careful. You need to do some basic check about the website which you are browsing for a good policy. First thing you need to do is see if it really a valid site. Most of the websites have some sort of affiliation or have been approved by a governing body. Go to that governing body website and check if the website which you are interested in is really being registered. This way you will be sure you are in a legitimate website.
  2. Second thing start reading peoples comment on forums and other threads. Many people would have expressed honest opinions about the services of the websites. This way you can be sure that the site is genuine and also you can get an idea about the service the site offers to its clientele pool. The larger the clientele the site has the better it is for you.
  3. Lastly provide the information accurately as possible this way you will enhance your chances of getting a low quote on the insurance policy.

Angella Brown is an expert author on various interesting topics. To know more about the various policies why not compare landlords buildings insurance yourself, from a range of top providers. For more in-depth analysis of insurance feel free to visit us at Landlord Buddy Insurance.

Lorry insurance UK

If you operate in the industry of trucks and lorries, then you probably know that there are a lot of financial and legal implications involved when running such a business. In order to operate legally in UK and in order to have peace of mind, one should know that buying lorry insurance uk is an essential purchase. This type of insurance is designed to provide valuable protection for every lorry and their drivers. Knowing that the amount of time a lorry spends on the road is high and the risks of accidents happening is high as well, it only makes sense that one should properly be prepared for anything.

Depending on what type of business you operate, lorry insurance uk provides you with the option of choosing an individual insurance policy if you are a lone businessman, or if you operate with a fleet of lorries you can choose fleet insurance for lorries. Knowing whether you need an individual insurance policy or a fleet insurance policy is only the first step to finding the right type of lorry insurance uk.

You should always search for insurance companies that offer specific protection for lorries such as breakdown assistance, goods in transit coverage and even legal expenses. The best thing to do is to choose the most comprehensive type of coverage that you find as it will prove to be very wise in the future. Although comprehensive coverage might cost a bit more than basic coverage it is worth if you think of the huge losses you might incur if not insured. When it comes to lorry insurance uk it is best to look for companies that provide you with the option of tailoring the insurance policy yourself. This way you can add any specific risk that you feel you need coverage for into the policy. Try not to go for a fixed policy that doesn’t allow you to choose the coverage yourself as you might find yourself in the situation where you will not be provided with the financial coverage in certain situations.

In order to get the best quotes for lorry insurance uk, you should take the time to properly compare various insurance policies. You can best do so on the internet. You can find many price comparison sites online which will offer various options. For more benefits and discounts you should consider calling those companies in person as they will be more than happy to win an extra client.

Angella Brown is an expert author on various interesting topics. To know more about the various policies why not compare lorry insurance uk yourself, from a range of top providers. For more in-depth analysis of insurance feel free to visit us at Blue Angel Insurance

What Is a Life Insurance and Why You Need It

2011-04-22 Brooklyn spring 050
Creative Commons License photo credit: Violette79 

This is a guest post by Andre, who is part of the team that manages Australian Credit Cards, a credit card comparison service with an extensive personal finance blog.

 Life insurance is basically a policy that people purchase from a life insurance company. Think of it as a financial safety net; it contracts the insured and the policy owner, so that when the insured dies, the designated beneficiaries of the policy holder can have the claim to the agreed payouts.

 You’ll have to understand what life insurance is all about before you begin to realize why you need one. There are two types of Life insurance and each with its own subtypes:

 TERM INSURANCE

Term Life Insurance forms the foundation of every life insurance policy. It provides life insurance coverage for a specified length of time in exchange for a specified premium- in the event of death and nothing else. This means the insurance company only pays you the promised amount if you die within a fixed number of years. The policy does not accumulate cash value, and when the policy reaches its deadline, the coverage disappears.

Various insurance companies offer term insurance based on three important factors: the face amount or protection benefit, which can remain constant or decline, the premium to be paid which can remain level or increase, and the term of the coverage term which can be for one or more years.

There are three common types of term insurance:

1. Level Term policy has the premium locked in for a period of time for more than a year and can be budgeted long term.

2. Annual renewable term is a policy that lasts for one year but the insurance company will issue a policy of lesser or equal amount regardless of the insured’s insurability and with a premium placed for the insured’s age at that time.

3. Mortgage Insurance is an insurance policy which protects the policy owner for losses due to the default of a mortgage loan. The face amount usually equals the mortgage amount on the policy holder’s residence, so the mortgage will be fully paid if the insured dies.

PERMANENT LIFE INSURANCE

Permanent life insurance is wherein the policy is the life of the insured; when the policy expires, the payout is assured and the policy increases cash value. The face amount of any life insurance policy is the amount of money the insurance company promises to pay as a death benefit if the insured suddenly dies while the policy is in effect.

 The four basic types of permanent insurance:

1. Whole life coverage. This policy protects you for your entire life and not just for a specified period. Your death benefit and premium will usually remain the same. It can also build cash value, and is tax-deferred until you withdraw or borrow against it.

2. Universal life coverage. Along with providing a death benefit, it also includes a savings vehicle. It’s like mixing a tax-deferred savings account, which also accumulates interests, with a term life insurance policy.

3. Limited-pay. In limited pay, the insured is given a specified period of time in which to pay the premium. When the time period passes, a premium will not have to be paid anymore, but the policy will still be in effect.

4. Endowments.The premium paying period in this type of permanent life insurance is shortened, and the insurance amount is paid within a certain period or when the insured reaches a specific age. This is why endowments are considerably more expensive than either whole life or universal life.

Now that you are oriented with the basics of life insurance, you will also have to know why you need it. Regardless if you have dependents or don’t really need to protect anyone or anything else, there are many reasons of how buying a life insurance can be beneficial to you. Here are some examples:

Mortgage protection

Taking out a mortgage is already a frightening prospect as it is. What more if you die suddenly, and you are the household’s only breadwinner. The person you are living with will have to continue the payments or they would be homeless. If you have gotten a mortgage insurance policy, which mostly are designed nowadays to pay out the entire amount of your original mortgage, regardless of how much you owe, you will not have passed on this problem.

Income replacement

When you die, your income dies with you. And with it goes the regular cashflow to pay your expenses. Protection insurance such as a life policy can be claimed to replace the lost income so the remaining dependents or survivor can maintain the same standard of living.

College funding

Life insurance can help fund your children’s college education even when you are already long gone from this world. If you die, the death benefit may be invested and likely grow the needed amount by the time your children enters college.

Other expenses

The last thing you want is to burden your dependents with all your present and future expenses. Your credit card debts, the car installments, and just the daily cost of living for your family, will be difficult to cover in the event of your sudden death. A Life insurance can be used to plan for final expenses such as potential medical bills, burial cost, and funeral expenses.

Peace of mind

Knowing that you have life insurance eases your mind and makes you confident that you can continue making your legacy even after your death.

What is Vision Insurance?

Vision Of Eyechart With Glasses
Creative Commons License photo credit: kenteegardin 

If you have routine eye exams or purchase corrective vision materials, the amount that you spend on your eyes each year can add up quickly. Having vision insurance will help to offset these costs. It is important to know that vision insurance is only a supplement to other insurance programs. Regular health insurance will protect you against financial loss due to injury or disease. For this cause, it is important to have regular health insurance, and supplemental vision insurance.

What does vision insurance cover?

Vision insurance will usually cover your basic eye examinations and vision materials. Some companies may cover, or offer a discount, on the cost of Lasik surgery as well. Most insurance plans are customizable for the individual, meaning that you can include certain services and products on your plan that only you specifically need. Vision insurance typically covers:

• Eye examinations
• Frames
• Contact lenses
• Discounted rates for Lasik surgery

Where can you get vision insurance?

There are a couple of options when it comes to obtaining vision insurance. Group insurance is usually attained through an employer, school district, or government plan like Medicaid or Medicare. Group insurance might not be attainable if you are self-employed, or if your company does not offer a separate vision plan. If this is the case, you can still purchase an individual vision plan through a top vision insurance company, such as Vision Service Plan (VSP), EyeMed, or Spectera.

What types of plans are available?

Most vision companies will offer either a vision benefits package or a discount vision plan. Whichever you choose is up to you and your needs, but here are a couple of distinctions between the two:

• Vision benefits package – Provides free eye care services and products such as frames, prescriptions, and contact lenses. An annual membership fee or premium is required, and services are covered within a fixed dollar amount. A small co-pay is usually applied to each visit.

• Discount vision plan – You only have to pay a discounted price for eye care services and products after you pay the annual premium for the plan.

Both vision plans can be custom designed to your individual needs.

Vision insurance is a great supplement to your regular health insurance provider. If you have a large family, or frequently visit the optometrist, you will want to look into acquiring vision insurance.

Guest author Sara Roberts writes for Just Eyewear, an online retailer of prescription eyeglasses and sunglasses.

Steps A Business Should Take After A Disaster At The Premises

Street life
Creative Commons License photo credit: Tom Cuppens

A disaster at your work premises like fire or flood can be absolutely devastating. A catastrophe like this takes no prisoners and can rip through your stock and the fabric of the building in a matter of minutes. In the aftermath you will be face with the prospect of the clean up, sorting out your staff, the insurance claim itself and trying to keep the business afloat whilst there is form of income coming into the business. Juggling all of these roles and jobs can be a near impossible task and one that can drain you mentally.

There are a couple of steps that you would normally take when making your claim – which you will go through briefly here. There is also one step that you may not be familiar with but can help you considerably in getting the claim that you deserve.

Step 1: Report the incident to the policed. Obviously this is the obvious first step that you would take – you may not even have to make it if the police were involved at the start of the incident.

Step 2: Here is the step that a lot of businesses miss (or have at step 3) – contact a loss assessor.

Step 3: Contact your insurance company.

You will notice the emphasis placed on getting your loss assessor involved early on in the process. Your insurance company is a business like any other and the loss adjuster that they appoint to your claim will be ensuring that they pay out the minimal amount of money in the claim – which is not what you want for your business. Getting the insurance loss assessors involved early on will ensure that all bases are covered and that you have fair representation in the claim. Without the input of a loss assessor you and the business will be expected to deal with all aspects of the claim yourself, from paperwork to liaising with the insurance company over the payout. With all the work and stress around just getting your business functional again this is often the straw that breaks the camel’s back for a lot of smaller companies.

Employing the right loss assessor is crucial and there are a few things that you should be looking for. You need to know whether you will be able to pay after a reasonable settlement has been made by the premises insurance company – you don’t need to pay out for a substandard job. You need to know the level of involvement the assessors will have – will they deal with all the paperwork and liaising, will they help organise contractors?

Most businesses fail to get a fair settlement due to mistakes that are made at the start of the insurance claim process – don’t wait until it happens to your business to find out what you have to do when dealing with an insurance claim for a major disaster.

Courier Insurance for Motorcycles and Vans

Bioharzard
Creative Commons License photo credit: Alberto..

If you are driving around UK roads every day of the year, your chances of having an accident or being subject to damage or theft are far higher due to the increased use. It is a well known fact that courier drivers are working in high risk environments, so it is essential that you invest in adequate courier insurance.

No one enjoys spending their hard earned cash on insurance premiums but although it is a legal obligation for any driver, as a courier, it is even more important to protect you and your business. Van and motorcycle couriers need to have a specialist policy in place, a conventional policy will only protect you in the event of an accident etc. it will not provide any cover for your business. It doesn’t matter whether your business has been established for years, or you only began operating last week, it is imperative that you invest in courier insurance.

There are a number of things you need to consider when looking to purchase courier insurance, most importantly the level of cover you require. Similarly to conventional van or motorcycle insurance, you can simply opt for third party. However, if you are looking to run a successful courier business, chances are you will need a more comprehensive level of cover.

• Would you need an emergency replacement van or motorcycle in the event that your vehicle is damaged or stolen?
• Would the goods you are transporting be insured should something unexpected occur?
• Would you have the cash to replace all the tools in your van should it be stolen?
• Would you be letting clients down if you broke down and has no assistance to get back up and running as soon as possible?

These are just a few questions that you need to ask yourself before choosing a cheaper policy over a practical one. By ensuring that you incorporate additional features such as breakdown assistance, goods in transit insurance, public liability insurance, you will be protecting yourself and your business from any unnecessary expenses.

By opting for a basic level of cover, you could end up having to pay compensation, repairs, and costs of replacing vehicles and stock out of your own pockets. If you operate a courier business, you need to have adequate courier insurance in place to provide protection for yourself, your business and your staff. You cannot hope to operate successfully or legally for that matter, without the right cover in place.

How To Purchase House Boat Insurance

House boats as the name implies these boats are basically built for human dwelling. There are many varieties of house boats, some have inbuilt motor while some are not motorized as they are permanently anchored to the river banks some are exclusively used for leisure trips, as you might see in house boat rental services. Irrespective of the type these are exotic boats which have always attracted humans around the world. The most famous types of house boats are present in US, Canada, UK, India and In Holland. If you are planning to buy a house boat for your personal use or for rental services then you need to start thinking about house boat insurance. In this specific post I will be discussing how to get the best house boat insurance policy for your dream investment.

The first thing to do before buying any insurance policy is to sit down and make a list of things that you expect your policy to cover. this will enable you make your decision precisely. Once you have made the list of things your policy needs to cover then you can proceed to the phase of searching a good insurance provider. There are two ways one is to approach good insurance agent. He or she will be able to provide you with the complete information regarding various types of house boat insurance. Once you have the information you can start comparing various policies to know which one meets your demand and also suits your budget limit. the second way to search a good insurance provider is tot search online.

In modern day era, everything has been computerized. you can be rest assured that you will be getting the latest information when you are checking the Internet for various types of house boat insurance. You do not need to be a computer engineer to get a good insurance policy online all you need to know is how to use Internet. If you know this then everything else is a child’s play. There are literally hundreds of sites online. Log on to a site and start searching for various house insurance policies available in the market. One way to know if the site is genuine or not s to read the comments by various users. If the maximum comments are good then you can be sure that the site is genuine. Further more many companies have there very own websites where you  can search for the policy and also buy them online.

Angella Brown is an expert author on various interesting topics. To know more about the various policies why not compare houseboat insurance yourself, from a range of top providers. For more in-depth analysis of insurance feel free to visit us at boat-quote

What is critical illness cover? – FAQs

Here are a few FAQs on the subject of critical illness cover.

What is critical illness cover?

The term may mean slightly different things depending on the insurance providers concerned.

As a general rule, it implies a form of insurance that will pay out a tax-free lump sum in the event that you are unfortunate enough to be diagnosed with a critical medical condition.

What can I use the payment for?

The payment may be used for any purpose you wish, including things such as providing you with a replacement annual income, paying for specialist care or simply settling a few outstanding debts to reduce the stresses and strains on you and your family.

What conditions are covered?

This varies depending on the provider and the level of cover provided. Basic cover may protect you against six or seven core critical illnesses while higher level cover may provide more comprehensive cover against more critical diseases.

Are there terms and conditions?

All insurance policies (of any type) have their own individual terms and conditions. It is important that these are read carefully and understood.

Will a medical be required?

That depends on a number of factors including, of course, things such as your age and declared medical history.

The individual practices of different insurance providers may also influence this.

What about pre-existing conditions?

Any serious existing medical conditions that you have, at the time a policy is put in place, will typically not be covered by the policy.

This may be a complicated area and one that is worth discussing with the insurance providers concerned.

Will it cover elective surgery?

The term ‘elective surgery’ is commonly applied to medical procedures that are defined as being optional and not necessarily directly linked to a health benefit. Examples may include cosmetic surgery etc.

As such, it is unlikely that a typical critical illness policy will cover such circumstances.

There may be ‘grey areas’ here in situations where serious illness has resulted in you being given an option for voluntary surgery.

Those situations may or may not be covered by ‘elective surgery’ definitions and you would need to discuss the principles with your insurance provider, however, the governing factor may be the nature of the condition that has necessitated the decision rather than the fact you are having surgery itself.

What conditions will insurance not cover?

Once again, it is imperative to read the policy documentation carefully.

It is critically important to note that this type of insurance is not general health insurance.

It therefore will typically not cover:

  • voluntary medical or surgical treatment where this has not arisen due to a critical illness;
  • illnesses that do not meet specified criteria for being defined as ‘critical’;
  • normal pregnancy or maternity related conditions;
  • pre-existing medical conditions.

How long will cover last and what pay out levels will it provide?

That is impossible to answer in isolation.

There is a very wide range of cover options available providing considerably different benefit levels. That is also the case in terms of the duration of your policy.

These things are typically assessed as part of your quotation process and you should not hesitate to ask for full details when asking potential providers “what is critical illness cover providing me with”?