Keep July 4th fun: holiday safety tips

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by Danielle Bailey July 01, 2010 in Insurance News

Firework safety – Every year, there are thousands of injuries and an estimated 30,000 fires caused by fireworks. According to the National Fire Protection Association, in 2008 there were 7,000 injuries and 7 deaths, with 70% of the injuries occurring between June 20 and July 20. Even devices that many might consider safe can pose risks. For example, the tip of a sparkler burns at a temperature of about 2,000°F – hot enough to cause third degree burns. The US Fire Administration offers advice on firework safety. And remember – many states ban all or some fireworks: Use this clickable map to check state firework laws.

Traveling safety – if you will be spending the holiday away from home, you may want to be careful with what you share on social networks like Twitter and Facebook. Unless your networks are private and you are careful about not linking to personal information, announcing your plans to be away might inadvertently tip off a would-be burglar that your home will be vacant. Se

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The rules of choosing business insurance

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by admin June 30, 2010 in Insurance News

The success and progress of a company, whether it is a large scale or small scale business or a home business depends on hard work. No matter how much you earn, a disaster such as fire or theft can obliterate your profits. It can even ruin your business. To save your time and money you invested in your business, you need to protect it with suitable insurance.

There are a number of different types of small business insurance that you may or may not need for your business pr business. There may have different policies for different companies. Insurance companies have a blanket that can meet the needs of any business owner.

To obtain insurance police for your business, you need to have a responsible, dependable and reliable agent or broker. You need to make a little research in the Internet and among your friends and acquaintances in the same kind of business about the agent they use.

Before selecting a broker or agent, don’t forget that you need to choose an agent with higher deductible.
Deductibles represent the amount of money you pay before your insurance policy. Read more…

Holidaymakers urged to get a suitable travel insurance policy

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by Tiffany Parker June 28, 2010 in Insurance News

Defaqto is encouraging tourists to make sure their travel insurance policy is appropriate for their needs.

The independent financial research company says that many consumers choose to take out an annual policy, even if they only go abroad once in that year. As a consequence, they may unnecessarily be paying more than they need to, as a single trip travel insurance policy would work out cheaper in this instance. Defaqto therefore advises consumers to purchase the most appropriate policy before setting off on their trip.

Brian Brown, head of research at the group, said: “Many people are having to rein in spending, so it makes sense to buy a policy to cover what you actually need.”

Estimates from Defaqto suggest that annual cover can be up to 147 per cent more expensive than single trip travel insurance . This follows research by Clydesdale and Yorkshire Banks which revealed that many consumers in the UK are cutting back on non-essential items to ensure they can afford a holiday. Read more…

Insurers overcharge pensioners on car and travel insurance

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by Tiffany Parker June 24, 2010 in Insurance News

Insurers are overcharging pensioners by hundreds of pounds on car insurance and travel insurance, according to a recent report.

The findings suggested that elderly drivers and holidaymakers are paying an extra 300 for the more common types of cover simply because of their age.

Consumer group Which? highlighted one annual car policy in the study which cost 702 for a 75-year-old, but the same Saga cover increased by 74 per cent to 1,224 for an 85 year old. The difference is also noticeable for annual worldwide travel policies, with a policy provided by Rias costing 383 for a 74-year-old, but rising to 707 for someone just a year older.

Peter Vicary-Smith, chief executive of Which? said: “Many over-65s are getting a raw deal when it comes to arranging insurance simply because of their age. Restrictions imposed by insurers leave many people struggling to pay increased premiums just when they may need cover the most.”

Charities said the difference in cost was “absolutely outrageous” and “unacceptable”. Read more…