Archive for December, 2009

Don’t Let The Insurance Company Denies Your Claim

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by admin December 21, 2009 in Insurance News

Some say insurance is like a bet, you place your money and you don’t know if it will pay you back with greater amount or it will give you a big disappointment. Well, it’s not 100% wrong, many people have experienced this situation, having an insurance, feel safe, and when a disaster happen the insurance company only give an apologize because from some reason they cannot pay your claim.

The sad thing is, mostly in the situation like this you cannot blame the insurance company because they usually play by the rule and it is all written in the policy. The most reason why people don’t get paid for their claim is because they simply don’t understand the policy in and out. Before you buy any kind of insurance you should study the policy carefully, and review it regularly in case there is anything you missed. Don’t hesitate to call your agent and ask them to give you clear explanation of the policy, or to ask them questions in case there is something in the policy that you don’t understand. Know all th

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Protected no claims bonus can add 33% to car insurance premiums

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by admin December 20, 2009 in Insurance News

There are ‘staggering inconsistencies’ in the prices that different car insurance companies charge for a protected no claims bonus, new research from Confused.com has uncovered. If drivers want to protect their no claims bonus – so that they will not lose it even if they make a claim – the amount they pay could vary from one car insurance provider to another, and they may not even benefit from the discounts often associated with the product if they fail to shop around, the comparison website said. Whether or not to pay the extra premium to protect their valuable no claims bonus is weighing heavily with drivers who are trying to cut the cost of motoring to save money at the moment, as a no claims bonus has the potential to slash up to 75 per cent off the cost of car insurance. But because car insurance companies differ when it comes to their underwriting procedures for calculating a premium, the value of protecting a no claims bonus is not always clear. T

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AA car insurance sees rise in claims due to snow

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by admin December 20, 2009 in Insurance News

The snow and ice experienced across Britain in the last week has led to an increase in car insurance claims, the AA has found. Last Friday, the day of a significant snow fall in the UK, AA car insurance handled 100 claims for accidents related to the snowy and icy conditions by lunch time. The most common type of claim is for one car going into the back of another, followed by hitting other moving vehicles on bends, junctions and roundabouts, Even Brits who take the safe option and leave the car at home are not immune to the perils of other drivers, as some of the claims are from car owners who have had the stationary cars hit by others which are out of control, bouncing off parked cars on the roadside. One AA car insurance customer had his car hit while it was in his drive, hard enough to push it through his garage door. Drivers who do not remove the snow and ice from their cars before setting off are also putting other drivers at risk, the AA warns, because otherwise it can fly off in transit and hit other cars or pedestrians.

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Buying Individual Health Insurance

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by admin December 18, 2009 in Insurance News

As new health care legislation hangs in the balance, thousands of Americans continue to go without health insurance. Worse yet, as companies continue to reduce jobs, people lose health care insurance benefits as well as the income necessary to purchase an individual policy.

What to do? If you’ve lost your insurance or your COBRA coverage is due to expire soon, it’s time to do your own shopping for individual health care coverage to compare prices and coverage options.

One key point to remember: If you currently have coverage, even COBRA, do not let it lapse till you find another policy. Coverage gaps result in higher premiums for new policies.

There is a lot to consider with health insurance, not the least of which is the general health and ages of members of your family. For example, children under five tend to get sick more often and require office visits. And allergies or asthma, once diagnosed, can remain a stickler for higher premiums even if your child has a mild case or grows out of it.

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