Insurance news: online auto insurance quotes

How to be insured? Cheap auto insurance quote and affordable auto insurance quotes.

On the first stage of insuring your auto it is important not only an insurance premium and coverage payment, but also the price that the auto insurance company appoints for their quotes. Are you looking for advice about online auto insurance quotes? At the beginning of insuring your auto pay attention on insurance rates, which insuring agent offers for you. Are you sure that it is a really cheap quotes? To find the answer just take a look on comparison this ins quote with another. Many auto insurance companies promise the cheap quotes and high coverage but a few of them realize it. Our auto attorneys consider that cheap auto insurance quote lays in sphere of the interests of auto insuring agent as well as insured person: the first one receive favorable clients while the second one get the inexpensive cost. Before looking for cheap auto insurance quote, do not forget to analyze the comparison the auto insurance risk with your quote! That is why we are publishing online the article about affordable auto insurance quotes for our readers. This text named «ONLINE AUTO INSURANCE QUOTES» offers the category about affordable auto insurance quotes on our internet project for insurers.

The year and model of the car are one of the most important things for motor insurers when they determine auto insurance quote. A sports auto car will cost you far more in online auto insurance company then a little bomber. So with this in mind we know that the online auto insurance company deems it as mandatory when they are giving cheap auto insurance quotes. Without this information there is no way for them to give you an actual estimate. The auto insurance company requires this information as it is a needed in determining the rates that they will charge a person.

Affordable online auto insurance quotes rate

The online auto insurance quotes can vary quite a bit and a lot of this depends on the deductibles that people have on the policy that they purchase, not only the deductible but the amount of auto insurance coverage that you are purchasing will make this vary as well. The less paid as a deductible, or the more coverage that you want will result in your affordable auto insurance premiums being higher. If the deductible is high, or the amount of coverage that you want is low then you can figure that the affordable auto insurance quote you will pay will be lower. The deductible is the portion that you pay out of pocket should something happen and you need to file a claim.

Age is another factor that is taken into consideration when being given online auto insurance quote. Online auto insurance companies feel that older, more mature drivers are less of a risk than those that are teens or in their early twenties. This may seem like a bit of a discriminatory thing, but it is the way that online auto insurance company have been doing things for a great number of years.

How to get cheap auto insurance quote for car?

Another thing that will have a huge bearing on the cheap auto insurance quote that you get will be your driving record. If your driving history shows a lot of traffic tickets for things like speeding, or if you have had a lot of auto accidents, your affordable auto insurance quote will be higher than if your driving record is clean.

Lastly there is the issue of the amount of mileage that you put on your car. If you tend to rack the miles up a lot then they will likely charge you a higher rate for cheap auto insurance quote. This only stands to reason as the more miles that you drive the more chance there will be of having an accident. Keep all of these things in mind when you are getting affordable online auto insurance quote. Shop around as the prices can differ with the different companies that are out there.

Discounts for auto insurance quotes and rates

You may think that you can not get a cheaper auto insurance premiums rate for your online car insurance, but you can get discount in your cover. If you are looking for how to rescue yourself from paying high auto insurance premium rate, here is all you need to know on how you can maximize the use of online auto insurance and get the best automobile policy package for your car for less.

Online auto insurance quotes for autos. How to get affordable auto insurance quote online?

You have to understand that there are several companies that offers this service and all the ins companies need you to stay in business. The competition between the companies gives you the chance to choose from the companies, the company with the affordable policy package.

Purchase cheap auto insurance quote online 

To get the cheap auto insurance quote online, you have to make few researches online and chose the policy package that is best for you. Normally, you have to consider your automobile, your use for the car, the affordable auto insurance premium rate and your pay before you apply for any policy package.

When applying for any automotive policy package, make sure the package cover the most important aspect of your car risk. If you always travel on a long journey, you have to insure your car against theft and accident. Do not allow you’re self to be frustrated by a situation while you pay monthly for the services you may not need for a long time. To get the best and the cheap auto insurance quote online, you have to choose from the online auto insurance companies around your state or location. They stand the best chance to giving you the best cover and moderate premium package from auto insurer.

Better Tips on Cheap Online Auto Insurance

Are you trying to insure your auto for saving cost and find the suitable insurance quote from insurer brokers? It is the last auto insurance remarks about super tips on cheap online auto insurance written online in «AUTOMOBILE INSURANCE COVERAGE» section of our news overview for not insured guests.

Cheap online auto insurance helps to cut down insurance premium cost. If you want to get the best deal for your auto insurance, you need to scout for the insurance company that will give you the highest discount percentage for your car insurance.

Purchase Online There is no better way to purchase policy without wasting so much time than through the Internet. Most insurers give discount auto insurance to consumers that will buy their policy online... Tagged as: purchase, online, policy, wasting, internet, insurers, discount, insurance, consumers

Online Purchase of Health Insurance

The number of consumers using the Internet to research or purchase health insurance has increased dramatically, from more than 2 million in 2001 to nearly 10 million in 2002. 

Purchasing Health Insurance Online describes the strengths of broker sites, health plan sites, and small business purchasing alliance sites. It also offers recommendations for site improvements in the areas of quality, accuracy, convenience, privacy, and information requests. Results indicate that while existing Web sites have much to offer consumers shopping for health insurance, the sites have not yet achieved their full potential to streamline health insurance research and purchasing. The summary brief is available under Document Downloads below. 

The full report provides a comprehensive review of findings and opportunities resulting from an analysis of eight broker sites, six health plan sites, and two small group purchasing alliance sites. 

Tips for Consumers offers general guidelines for purchasing online and provides resources (including Web site addresses) for general information and specific needs. It also provides a guide to some of the best health plan and broker sites.

Online Tips & Valuable Tools for Home Insurance

Finding home owner insurance online can be a challenge. Price is often the most important factor, but it's important to make sure your home is covered properly in case of a partial or total loss. Here's what you can do to make sure you home is protected, and your budget too...

Find the Right Insurance Company

Make sure you do your research. Finding the right company to insure your home can be a great way to make sure you are getting the price, while having high coverage limits. Each home owner insurance company rates their policies differently. Find an insurance company who does done a good job keeping the rates low, while providing reasonable liability and property limits.

Financial Rating

It's important to make sure the company has a solid financial rating, and isn't wishy-washy on annual renewals. The last thing you want is to get in at a great price, only to have the company raise your rate too much on your first annual renewal. 

It's easy to find good prices for home owner insurance online, but a local insurance agent can help you do it for free, in most cases, and make sure you find a company you are happy with.

Balancing Cost and Benefits

The idea is to get the best price possible, but still make sure your home is covered properly in the event of a fire, or other loss. There are some important things to look at when shopping for a home owner insurance policy. Here are some of the main ones:

Dwelling Coverage (coverage for your home, the building). How much coverage do you have? Is it enough to rebuild your home if it was a total loss? What if building costs go up between the time you get your policy and the time you have the total loss? Will the company pay for the extra? Many companies will pay 125% up to 200% of the dwelling coverage limit, if costs have gone up. But, some won't. Make sure you find one that does.

Personal Property (furniture, tv's, beds, appliances etc.) Many companies cover your personal property. How much coverage is your company offering you? Do you need more or less. If they allow you to adjust it, make sure this number is accurate.

Other Structures (detached garages, sheds, etc..) If you don't have any, and you are paying for coverage, make sure this limit is as low as it can be. If you do have detached structures, make sure the limit is enough to protect you in the event of a loss.

Personal Liability (protects you against non-auto and non-business liability issues resulting in bodily injury or property damage to others, in which you are deemed legally obligated to pay) This is an important one. If you get sued, this is probably the benefit that will protect you. Too many people opt for $100,000 in coverage and I think that's much too low. This is an inexpensive benefit. Look into much higher limits and even umbrella coverage.

Five Important Points for Cheaper Car Insurance

Improve your security – by fitting an alarm, immobiliser or tracker you reduce the likelihood of your car being stolen. As this lowers risk for the insurance companies they should be able to reward you with a lower premium. Before you install any security contact your current insurer to see how much of a saving you could make. And of course always make sure the security you use is approved by your insurer.

Limit your mileage – one of the factors that helps determine your car insurance quote is how much you drive. If you can limit your mileage you can lower the cost of your motor insurance. Always make such to leave yourself some extra miles in the bank. If you go over the limit you could face penalty charges.

Pay Annually – most car insurance companies will charge a fee (in the form of interest) if you want to pay you premiums monthly. The cost can add up to 29% on to a typical policy. If you can pay for your insurance up front then do so as it is much cheaper option. If you can’t afford this consider taking out a credit card that offers an interest free intro period.

Hold back on the mods – any modifications you make to your car such as lowering, adding a spoiler, new wheels or even a colour change are likely to see you motor insurance costs increase significantly. Try to limit the number of mods you add and check with your insurer before hand to see what the impact on your insurance will be. You must inform your insurer of any modifications you make otherwise your policy will be invalid if you make a claim.

Drive sensibly – sounds simple and that’s because it is. Having speeding tickets and other traffic offences against your name can make your car insurance much more expensive. Drive with care, build up your no claims bonus and the savings will soon follow.

Obama Keeps Heat On Insurance Firms In Reform Push

By Jeff Mason
BIG SKY, Mont., Aug 15 (Reuters) - President Barack Obama said on Saturday U.S. healthcare worked better for insurance companies than for patients, as he pressed his case for a major overhaul that critics say is too expensive.
Obama, who is in the middle of a multi-state tour to promote his healthcare policies, also accused "special interests" of misleading Americans about aspects of the reform bills making their way through Congress.
"These are the stories that aren't being told - stories of a healthcare system that works better for the insurance industry than it does for the American people," Obama said in his weekly radio address, referring to people he has met who have struggled with the current system.
"And that's why we're going to pass health insurance reform that finally holds the insurance companies accountable."
In recent days, the president, a Democrat, has stepped up his attacks on insurance companies, saying they bear much of the blame for the country's healthcare problems.
On Friday, the first day of a Western trip designed to shore up crumbling support for his top domestic priority, Obama told a town hall meeting-style event insurance firms were holding the country hostage.
He will hold a similar event in Grand Junction, Colorado later on Saturday.
Without naming her, Obama also accused former Alaska Governor and Republican vice presidential candidate Sarah Palin as well as other critics of spreading false information.
"The history is clear - every time we come close to passing health insurance reform, the special interests with a stake in the status quo use their influence and political allies to scare and mislead the American people," Obama said.
He debunked, again, a rumor that one of the bills working its way through Congress included a provision to create government-run "death panels" to decide whether senior citizens live or die.
In fact, the provision would have provided insurance coverage for patients who wished to discuss end-of-life issues such as hospice care with their doctors.
Palin had referred to that process as "death panels."
"When folks with a stake in the status quo keep inventing these boogeymen in an effort to scare people, it's disappointing, but it's not surprising," Obama said.
Republicans and some Democrats have also raised concerns about the cost of the nearly $1 trillion overhaul to extend coverage to millions of uninsured Americans. Obama repeated on Friday his promise not to raise taxes on Americans making $250,000 a year or less in order to pay for the overhaul. (Editing by Alan Elsner)

150 American UBS Clients May Face Criminal Charges: Report

(Reuters) - 150 American clients of UBS are likely to face criminal charges related to tax evasion in the United States, the New York Times reported, citing a person briefed on the matter.
The person told the paper that several inquiries across the country were being handled by dozens of prosecutors and would result in criminal complaints.
The paper said it was unclear where the U.S. government got the client names from.
In February, UBS agreed to pay $780 million and to hand over data relating to about 250 U.S. clients to settle criminal charges it was facing under a tax dispute with the U.S. government.
Earlier this week, the U.S. and Swiss governments agreed to settle a dispute over whether the Swiss bank should be forced to disclose the names of 52,000 rich U.S. clients suspected of tax evasion.
However, the parties did not disclose details of the deal.
The New York Times, citing another person close to the matter, said the U.S. Justice Department's criteria for seeking disclosure of names of UBS clients included clients who set up offshore entities to evade taxes and those who had contact with Swiss-based UBS bankers, in person, by telephone or by email.
Accounts over a certain dollar amount would be included, the paper said.
A UBS spokesman in Hong Kong could not be immediately reached for comment.
(Reporting by Ajay Kamalakaran in Bangalore, editing by Will Waterman)

Some Common Mistakes During Insurance.

Insurance is your protection. Yet when it comes to purchasing Virginia insurance, many people make huge mistakes that cost them thousands of dollars. Here are the five deadly insurance mistakes that are made by consumers over and over:
1. They don’t use the insurance shopping checklist. Many agents will provide you with a free checklist that will evaluate what coverage you need and don’t need. This will also outline any questions you need to ask as you “interview” your agent. Many people are underinsured or over insured because they don’t take the time to truly consider their needs.
2. They mistake “cheap” for “value.” You may get a low premium, but you sacrifice with a higher deductible. If you have a claim, you may end up paying thousands of dollars that would have been covered if you had increased your premium by just a few dollars. Make sure your coverage really protects your assets-even if it costs a few dollars more. And most insurance agents offer discounts. You can find value in these discounts without sacrificing coverage.
3. They don’t thoroughly read the Virginia insurance policy. Your agent will explain the policy to you, but it is your responsibility to know what is covered and not covered. Once you have signed the policy, you can’t claim you didn’t know what the policy entails.
4. They trust their family’s protection to a $5 an hour temp operator. Many of the larger companies advertise great service but that service comes from customer service operators, not claims specialists or agents. Is this who you want when you are in a crisis? You want a professional agent who will handle your claim promptly and personally. Better yet, find an agent that offers a 24-hour response guarantee.
5. They have their policies with different agencies. Combining all polices (home, auto, life, boat, etc…) can save you up to 40 percent. If you haven’t asked your agent about combing policies, you are cheating yourself out of hundreds of dollars.
These mistakes may not seem so bad to you but consider this example. You are involved in a car wreck at 2 a.m. You call the 800 number provided by the agency. The overnight “customer service specialist” says no one is available to help you at the time. You are stranded, injured and upset. You are not exactly sure what type of coverage you have. Three days later, someone comes to inspect your car and assess your injures. With a home auto specialist, you will have someone respond within 24 hours and begin processing your claim immediately. Which type of service do you prefer?

How Families Can Get Low Income Health Insurance

There are many uninsured people in this country. Many individuals understand the need for insurance, but unfortunately can’t afford it. If they become ill, they try toughing it out. If they injure themselves, they try to let the wound heal on its own without consulting a doctor. Unfortunately, this is all too common. Thankfully, though, there is an answer: low income health insurance.
There are options for low income families. It *is* possible for them to receive protection from infections, sickness, and accidents. Some companies do try to accommodate less fortunate families with affordable health insurance. There are also pharmacies that provide special care programs to families that don’t make a lot of money. And, of course, there are some charitable organizations that help low income families pay their medical bills.
Families can read about low income health insurance online. They need to find out how to contact their state aid organizations. There are tips on the internet that explain how a family can present their case to state aid organizations in a way that will be beneficial to them. To know that their children are insured will give these parents a peace of mind. There are wonderful programs and plans out there that can truly help those who need this type of health insurance.
Some websites even offer low income health insurance plans. Before applying for anything though, parents need to first read reviews on the different insurance policies to find out which ones are legitimate. Unfortunately, there are a few unscrupulous “companies” out there that really will try to take advantage of these families. This is why a family must first do research before applying for anything or contacting anyone.
If you’re seeking for low income health insurance, you can start researching right now! There is help out there. Your family can receive help paying for medical bills from charitable organizations and special, low income aid plans; you can find out all your options right now – it’ll just take a bit of reading.

Important Points Before Attempt of Travel Insurance.

Finally all the bookings flight, hotel are already completed. Now you are ready to check out for your holiday. But suddenly you found that you didn’t sort everything with the travel insurance company. This is basically applicable for those who are using the travel insurance for the 1st time.
Now the question is from where you will take your travel insurance? From where you will get the maximum coverage with a minimum payment? How you will judge the facility or the coverage?
So, here you can get some hints below.
1. Don't think you can travel without it. If you will take travel insurance it will make your journey more peaceful & secured too.
2. I think those who are the frequent traveler they need to take travel insurance. It will be very much economical for them.
3. What type of traveler you are? It is also important to choose the travel insurance. If you are traveling with the whole family then there is no need to go for same accident coverage which you will take if you will go for any professional tour.
4. Search around. Before going for any insurance you need to search through out the market. From there you just grab the best one.
5. Rules & regulations need to look carefully. Just go through all the rules & regulations of your travel insurance then sign the deed.
Now, I am wishing you a very happy journey with the coverage of your travel insurance policy.

Guide Choose the Best Insurance Coverage

In the current financial climate, the best insurance is more important than ever. If you opt for various types of insurance from a variety of service providers is crucial that you ask and what to look for. We need this guide to help you make the right decision and find the best insurance coverage for their particular circumstances.
If you are an insurance agent or buy directly from an insurance company?
What is the difference between the purchase of an insurance agent or buy insurance directly? Insurance agents differ considerably in their experiences and how they have to sell insurance. Since most cases of the working committee, and sometimes you can only try to buy a higher price than you need. Of course not all these players and many honest, hardworking agents who strive to ensure that the best insurance for you. Recommendation by friends is a good way of working with an agent, the hard work for you!
If you think about the offer of an insurance agent to guide you through the maze, be sure to find out how long it has been in the industry. An insurance broker have many satisfied, repeat customers. You work for a company? This could be an advantage or a disadvantage. If you have two or more can be sold to select the best for you from a wider selection, but an agent working for a company may be more and better knowledge about the plans of this company.
Is the theme of their mistakes or omissions? If you make a mistake, it must be ensured not to suffer financially. You know the exact restrictions on the reporting of insurance it sells? The issue of insurance agents in detail and be on guard if they are vague or less of their knowledge in one of these factors.
Buy directly from an insurance company
If you directly from a research company in its history for the payment of financial assets and their valuation. Large companies often have a very good grade, but smaller companies, although they may have a lower rating may be required to be competitive in this business. Find out how long the company has been in business and if the reports are negative in this regard. Check whether the company sold more than a year, as these costs can be lower if you pay in advance.
Discover the best insurance is often difficult and there are some decisions you need to do before you part with your money. If you have a good agent who made his way to help, you will have a decisive advantage in trying to solve all the decisions himself. However, if you are a travel agent or directly with an insurance company, you have to do to ensure that basic research first.

Comfortably Buy Insurance Online From Now

Buying insurance is no more a hassle. It is now possible to buy insurance online! There is no extensive paper work, no waiting in queues and no waiting for the policy to be approved with the documents being given to you. In today’s world where everything is done in a jiffy, issuance of insurance policy is also instantaneously done online. There are a lot of benefits of buying your policy over the net.
Wide range: You can choose from a wide range of policies irrespective of whether you want to purchase auto insurance, health insurance, medical insurance or any other type of insurance. You need to not ask for representatives to come home to explain the policy benefits to you. All the necessary information is available online itself. You can go through them in detail at any convenient time of your choice in the comfort of your home. It is time to say goodbye to waiting in over-crowded offices awaiting your turn to speak to the representatives.
Get quotes easily: Before you purchase any policy you can get quotes from the choice of policies you have short listed. Once you get them, you can compare them to see which one is cost effective. However, remember money is not everything; hence, make sure that the policy you finally decide on meets all your needs and requirements in addition to being cost effective.
Instantaneous availability of documents: Once you pay for the policy online, you can get the policy documents fast. There is no need to worry about the hassle of all the paperwork and chances of delay.
Though, there are a number of benefits to buying insurance online. There are a few points that you need to keep in mind in order to avoid getting a raw share of the deal.
Point 1: While deciding on buying an insurance policy, ensure that the company you choose is credible and someone you can trust with your money. Also, check the proper authentication on the website through which you are applying for the insurance.
Point 2: Use a web security check-site to verify the security of the website and some other security checks to ensure the authenticity of the online company.
Point 3: Though you can find out all the details of the company and policy online, it is recommended that you place a phone call to the customer service department of the company to check their customer service levels. You can also confirm the best mode of payment to them while buying the policy online.
Keeping these points in mind will help you buy insurance online easily.

Car Insurance For Teens

Driving cars is the one of the most obvious interests of any teen. The parents then would face the hectic problem to fulfill their ward’s liking with an expensive car model. The insurance rates or premium can be a real issue for moderate-income class. The insurance rates drain a greater deal of money from the pocket. This is because the probability of teens causing accidents is three times higher than the probability of accidents caused by adult persons with greater experience in driving. Refusing the children for driving and allowing them to grow up and own a car later is a possible solution.The following factors influence the insurance premium rates:
• Type of cars• Previous driving experience• School grades• Ownership of the insurance policy
Type of cars
Teenagers usually go for expensive, good looking and fast moving sport cars, which are so allergic to the insurance agencies, that they may not even provide insurance or tend to pose a very high premium. While, switching to cars of older model, heavier and other normal features are greatly favored by the insurance agencies. Heavier cars are seldom driven fast, reducing the possibility of frequent accidents. As the value of the car reduces, the premium rates also drop. This is one of the tips that a car buyer should think about before investing in a car. It would be the parent’s responsibility to take a safety measure to save the ward’s life. It is as well important to give the ward a car that he or she would dream about.
Past driving experience
If you have a good driving history, with no charge of ignoring of traffic rules, it helps to reduce the premium of the car insurance. Avoid claiming the insurance agency for smaller problems like bend problems in cars, scratch, and simpler stuff that could be easily done by you. When you do this yourself and maintain a proper receipt of all these repairs then this might cut down the premium vastly. If simpler problems are claimed, then the premium rates may even double.
School grades
Proud to see the children maintaining an average of B grade or higher? The insurance agencies are also proud to provide such candidates with premium amounts cut down to a maximum of up to 25%. As long as the school grades are good, the insurance premium comes in your pocket budget. If the student can show that he is using the car on a regular basis and have a good academic record, the insurance rates drop drastically.
Ownership of the policy
Sticking with parent’s car insurance policy can be a factor in deciding the premium rates. If the teen is added on to the family list as an occasional driver, the premium rate is reduced by a smaller percentage. Some agencies allow insurance policies only after joining the young with parent’s policy. This can increase the rates, but as time passes and the ward does not prove to be a troublesome driver, the amount will reduce gradually.
Considering the car is older and cheaper and the teen is a safe driver, it becomes easier for them to earn the trust of the companies and have a policy on their own. Having an insurance policy given to a teen is itself considered more than twice by the insurance agencies, which is the reason they have higher premium rates. However, choosing the best insurance company within the local area and gaining a good trust, will help reduce this amount drastically in the end.

Go Buy Auto Insurance Today

Do you need an auto insurance policy? Are you sitting back and procrastinating instead of attacking this process? If you answered yes to these questions you need to get on the ball and purchase auto insurance today. The longer you wait the more issues you are going to run into because you never know what will happen in the meantime.
To buy the right auto insurance policy you need two things: information on what you want, and information on how to buy. What you want should not be difficult to come up with. If you have an idea of the type of coverage that will protect you and your car, you should not have anything else to worry about. On top of this, you need to learn a lot about the industry as a whole so you can buy a policy that corresponds with your needs.
Buying auto insurance without delay can be done online. This makes it simple for you to speed through the buying process because you are able to receive quotes, and then work on your own to decide which one is best. You will find in the end that you have more options than you may have initially thought.
If you want to buy auto insurance there is no better time to do so than today. All you have to do is spend your time wisely and use the internet to guide you towards the right policy. If you do these things you should end up with a quality auto insurance policy today. From there, you can be confident that you have what you need.

Property insurance

This tornado damage to an Illinois home would be considered an "Act of God" for insurance purposes
Property insurance provides protection against risks to property, such as fire, theft or weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, inland marine insurance or boiler insurance.
Automobile insurance, known in the UK as motor insurance, is probably the most common form of insurance and may cover both legal liability claims against the driver and loss of or damage to the insured's vehicle itself. Throughout the United States an auto insurance policy is required to legally operate a motor vehicle on public roads. In some jurisdictions, bodily injury compensation for automobile accident victims has been changed to a no-fault system, which reduces or eliminates the ability to sue for compensation but provides automatic eligibility for benefits. Credit card companies insure against damage on rented cars.
Driving School Insurance insurance provides cover for any authorized driver whilst undergoing tuition, cover also unlike other motor policies provides cover for instructor liability where both the pupil and driving instructor are equally liable in the event of a claim.
Aviation insurance insures against hull, spares, deductibles, hull wear and liability risks.
Boiler insurance (also known as boiler and machinery insurance or equipment breakdown insurance) insures against accidental physical damage to equipment or machinery.
Builder's risk insurance insures against the risk of physical loss or damage to property during construction. Builder's risk insurance is typically written on an "all risk" basis covering damage due to any cause (including the negligence of the insured) not otherwise expressly excluded.
Crop insurance "Farmers use crop insurance to reduce or manage various risks associated with growing crops. Such risks include crop loss or damage caused by weather, hail, drought, frost damage, insects, or disease, for instance."[11]
Earthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. Most ordinary homeowners insurance policies do not cover earthquake damage. Most earthquake insurance policies feature a high deductible. Rates depend on location and the probability of an earthquake, as well as the construction of the home.
A fidelity bond is a form of casualty insurance that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals. It usually insures a business for losses caused by the dishonest acts of its employees.
Flood insurance protects against property loss due to flooding. Many insurers in the U.S. do not provide flood insurance in some portions of the country. In response to this, the federal government created the National Flood Insurance Program which serves as the insurer of last resort.
Home insurance or homeowners' insurance: See "Property insurance".
Landlord insurance is specifically designed for people who own properties which they rent out. Most house insurance cover in the U.K will not be valid if the property is rented out therefore landlords must take out this specialist form of home insurance.
Marine insurance and marine cargo insurance cover the loss or damage of ships at sea or on inland waterways, and of the cargo that may be on them. When the owner of the cargo and the carrier are separate corporations, marine cargo insurance typically compensates the owner of cargo for losses sustained from fire, shipwreck, etc., but excludes losses that can be recovered from the carrier or the carrier's insurance. Many marine insurance underwriters will include "time element" coverage in such policies, which extends the indemnity to cover loss of profit and other business expenses attributable to the delay caused by a covered loss.
Surety bond insurance is a three party insurance guaranteeing the performance of the principal.
Terrorism insurance provides protection against any loss or damage caused by terrorist activities.
Volcano insurance is an insurance that covers volcano damage in Hawaii.
Windstorm insurance is an insurance covering the damage that can be caused by hurricanes and tropical cyclones.

Medical Insurance

Small business medical insurance is a top concern for many business owners who have employees they want to retain. Whether they have just one employee or several dozen, business owners must consider small businesses medical insurance. Many people look at the medical plans when considering their employment options. For this reason, medical coverage must be competitive for the employees without being cost prohibitive for the employer.

Whether one is thinking about starting a business, or looking for a more cost effective small business medical insurance policy for an existing company, shopping around and doing thorough research is a wise investment of time. As with most things today, a good place to begin this task is online. Most insurers offer information-rich websites which overview various plan benefits and rates. If an individual wants to leave the comparison shopping to someone else, using a broker who specializes in small businesses insurance policies is a good idea. Many brokers advertise their services online and they willingly offer provide owners with multiple competitive quotes based upon the company's needs. Insurance brokers are often the best source of information because they can find appropriate policies from a number of different agencies. This can be a better option for busy professionals who might not have the time to research multiple plans.

Licensed insurance agents and brokers can be extremely helpful in helping owners determine what types of small businesses medical insurance is right for their situation. Deciding what kind of plan is most appropriate will be based on a number of factors, including number of employees, annual deductibles, and whether the plan cover dental and vision options in addition to basic health coverage. The type of health plan itself is an important variable and can significantly affect the price of small business medical insurance. HMO plans tend to be the most cost effective to employers and employees, but offer the least choice to plan members.

When choosing an insurance company or agent to handle a small businesses medical insurance plan, it is wise to consult peers and colleagues about their experiences. If they have had to file claims, how smoothly did the claims process go? Were the agents and offices conveniently located? This in addition to the homework completed by the owner will be invaluable. When making any important financial decision, it is wise to carefully weigh one's options and trust the Lord for guidance "Teach me good judgment and knowledge: for I have believed thy commandments" (Proverbs 119:66).


The technical definition of "indemnity" means to make whole again. There are two types of insurance contracts;
1-an "indemnity" policy and
2-a "pay on behalf" or "on behalf of"[3] policy.
The difference is significant on paper, but rarely material in practice.
An "indemnity" policy will never pay claims until the insured has paid out of pocket to some third party; for example, a visitor to your home slips on a floor that you left wet and sues you for $10,000 and wins. Under an "indemnity" policy the homeowner would have to come up with the $10,000 to pay for the visitor's fall and then would be "indemnified" by the insurance carrier for the out of pocket costs (the $10,000)[4].
Under the same situation, a "pay on behalf" policy, the insurance carrier would pay the claim and the insured (the homeowner) would not be out of pocket for anything. Most modern liability insurance is written on the basis of "pay on behalf" language[5].
An entity seeking to transfer risk (an individual, corporation, or association of any type, etc.) becomes the 'insured' party once risk is assumed by an 'insurer', the insuring party, by means of a contract, called an insurance 'policy'. Generally, an insurance contract includes, at a minimum, the following elements: the parties (the insurer, the insured, the beneficiaries), the premium, the period of coverage, the particular loss event covered, the amount of coverage (i.e., the amount to be paid to the insured or beneficiary in the event of a loss), and exclusions (events not covered). An insured is thus said to be "indemnified" against the loss covered in the policy.
When insured parties experience a loss for a specified peril, the coverage entitles the policyholder to make a 'claim' against the insurer for the covered amount of loss as specified by the policy. The fee paid by the insured to the insurer for assuming the risk is called the 'premium'. Insurance premiums from many insureds are used to fund accounts reserved for later payment of claims—in theory for a relatively few claimants—and for overhead costs. So long as an insurer maintains adequate funds set aside for anticipated losses (i.e., reserves), the remaining margin is an insurer's profit

Underwriting and investing

The business model can be reduced to a simple equation: Profit = earned premium + investment income - incurred loss - underwriting expenses.
Finally, claims and loss handling is the materialized utility of insurance; it is the actual "product" paid for, though one hopes it will never need to be used. Claims may be filed by insureds directly with the insurer or through brokers or agents. The insurer may require that the claim be filed on its own proprietary forms, or may accept claims on a standard industry form such as those produced by ACORD.

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