Popular Brands and Types of Commercial Auto Insurance

Does your business utilize a car, van or truck for any reason? What you may not realize is that commercial auto insurance is a necessity for a huge range of different businesses, even ones who don’t realize it at first. You don’t have to be in the trucking or transportation industry to need this kind of protection. With that said, as you begin to search for the right type of coverage, it’s important to know where to turn and who to work with.

Many of the biggest names in the world of individual consumer insurance also provide commercial auto and commercial trucking insurance. That includes the big boys of the insurance world, companies with names that everyone recognizes, such as Geico, Progressive, Nationwide and All State. Many businesses immediately flock to these big providers because they recognize the brand name, and have a level of comfort and trust with them.

Just as with regular consumer insurance for your car or home though, there are also many smaller providers, including localized providers that may serve only one state or region. The benefit to going with one of these companies is typically the level of service you receive, or perhaps a very specialized form of coverage which is a great match for what you’re doing. You may sacrifice some of the cost savings though you receive with bigger brands, as the small guys just can’t compete with that scale of pricing.

For commercial auto insurance, there are also specialized providers who deal with very narrow and unique types of coverage which other companies may not offer. For example, owners operator insurance may not be offered by every company which offers a more generic commercial auto insurance plan.

You may have to look a bit harder to find a company which offers a really smart type of plan for your refrigerated truck, for instance, or for your log hauling vehicle. If you’re a local delivery or service company, you may also want to think about a local provider, so they’re as familiar with your turf as you are, and the unique demands you face.

The most important aspect of choosing from all of the best commercial auto insurance companies is to find the type of coverage or plan which is as closely aligned to your business, what you do, how you do it, and what you drive, as possible. From there, look for a great price, and a company with a solid reputation so you know you can depend on them.

Ultimately, there are many different brands and companies to choose from. Just make sure you protect yourself, your investment and your company with the right kind of commercial auto insurance before you need it and it’s too late.

A Guide to Contents Insurance

The protection of the contents of a home is something that should be considered by everyone, because it is not easy to replace an entire home, inside and out from a cost and time perspective. This is what makes contents insurance important. Contents insurance offers cover for your possessions in events such as burglary, vandalism, fire and other qualified events that can damage the contents of your home – or destroy them completely. You can decide on cover according to the degree of protection you need for different possessions. Other than standard protection, extended protection is also available, and you can get contents insurance cover for extraordinary valuable possessions as well.

Your contents insurance policy can protect you from damage caused by many different types of accidents and events. Companies usually provide cover according to the nature of events with respect your residing location. The cover is available for damage to the contents while they are in your home. However, some companies also provide cover for specific items outside of your home (such as jewelry). This type of cover may be given depending on which company you have your contents insurance with.

In addition to contents insurance, you can also obtain buildings insurance. The greatest advantage of having contents insurance and building Insurance is that it gives you peace of mind, and saves you from worry and expenditure in case of damage to the contents or the building. Getting a contents insurance quote is simple, and can be done easily online. Before deciding on an insurance company, always look around for different quotes and covers. You can also get a combination of contents insurance and buildings insurance both in the same package, which gives you added cover at a price lower than what it would be if both were bought separately. A broker would be able to obtain a deal with your purchase of both policies together. One option to consider if you are a senior citizen is over 50s home insurance. The reason for providing over 50s home insurance is the recognition of the needs of the older generation, as the contents of their homes are different in nature and have different protection needs. Over 50s home insurers often provide many discounts for older people as they are statistically more careful with their possessions.

Besides obtaining the insurance, it is important to make sure that your house is secure. For this purpose you can fit security alarms, window locks, and movement-sensitive lighting, and take other safety measures. Insurance companies often provide discounts once you have fitted these alarm systems and security devices.

In the event of making a claim, you should make sure the estimates for restoration are accurately calculated. There are some things regarding contents insurance that should always be kept in mind. While purchasing insurance, you should always check the validity of the cover for the contents in case they are not present in your home. Whether you are using contents insurance, buildings insurance or home insurance, you should make sure that you notify the insurance company in case you are letting out your home along with the contents. This is because letting out increases the risk on the insurer’s part, and the company might want to increase the premiums. If the company is not notified, your policy could be declared void.

Tips for Purchasing Health Family Insurance

Choosing the right health family insurance plan does not have to be difficult. When you shop around, you will be able to find a product that offers a cover that you need at competitive rates. To help you figure out how much you are expected to pay, ask about the out-of-pocket limit, premiums, deductibles, coinsurance and copayments. However, you need to be careful when choosing policies because bargain-priced premiums may end up being too limited. When you get the right policy, you will be able to save thousands if any member of your family gets sick. The tips for purchasing health insurance include:

· Identify your medical needs

Although you may not be in a position to foresee a sudden illness or injury, some medical needs should be anticipated. Therefore, if you are planning to have a family, maternity coverage is a must-have. If your family history shows heart disease, your choice of coverage should include the cost of cholesterol lowering drugs and cardiac screening tests.

· Buy enough coverage

It is important to buy a policy that covers your needs adequately. It does not make sense purchasing a policy that you cannot afford to handle. If you have a young healthy family, you may consider choosing a product that has a high deductible. A plan that offers a deductible of more than $1,000 can cost you less per month. In the long-term, you will be able to save a substantial amount of money.

· Consider the network

It is advisable to choose a specialist or physician who is members of a plan you are considering to buy. Many of the plans have directories of doctors in their network. Most of the policies cover a share of the costs of out-of-network care, while a few do not.

· Determine your share of costs

Plans need to disclose how much you are expected to pay, through coinsurance and copays. This is a type of cost sharing where you get to pay a part of the medical service. Therefore, when you fall sick, small copays will add up. An expensive procedure will expect you to pay several thousands in coinsurance. Furthermore, it is important to know whether your medication is covered. The plan’s list of covered drugs or formulary should include drugs you take regularly, particularly the expensive drugs.

· Factor-in your dependents

If you have kids below the age of 26 who do not have a health insurance cover through an employer, law permits them to be included on your insurance. Furthermore, many of the plans do not exclude children under the age of 19 because of pre-existing conditions.

Vehicle Insurance Basics

What Exactly is Automobile Insurance

Car insurance is designed to provide protection to you in the event you injure others, including property damages and bodily injury, as a result of an accident. Furthermore, depending on the coverage and plan you have, it will provide reimbursement to you for injuries and damage done to your vehicle. In its most basic form, car insurance is a contract, made between you and your carrier. You agree to pay a set price, referred to as premiums, in exchange for selected coverages.

The type of policy you have is written out in detail in the declaration page, so make sure you always read it and understand the exact coverage you have. It’s always smart to go through your policy thoroughly and make sure you don’t have any overlapping items, such as rental insurance. This is often covered on your credit card agreement, so you might just be wasting money having it. Remember, you can always upgrade your insurance and cancel it anytime.

What does automobile insurance cover?

This is a common question new customers always ask agents. The answer is, it depends on the plan and policy type you buy.

There are four main categories of protection.

* Liability Insurance

This covers injuries to the other party, damage to their vehicle and also property damages. If you have a vehicle not worth very much and you don’t drive too often, liability only insurance may make sense. It is much cheaper than comprehensive, with pricing in some states starting at $29 for good drivers.

* Collision Insurance

This will pay for damage and medical costs pertaining to you. It’s smart to buy it if your vehicle is newer and worth more than $12,000.

* Comprehensive Insurance

This is the gold standard of coverage. This type of policy costs more but has wide ranging protection. It coincides with collision and will repair of replace your automobile for events that cause damage or a loss, not relating to an vehicular accident. This means if your car is stolen, you will be protected and can get it replaced for its current market value. Also, weather related damages done to your auto will also be covered. Typical examples are flooding, fires and animal incidents.

* Uninsured Motorists Insurance

There are more people driving on the roads uninsured than ever before. Buying uninsured motorists insurance will protect you from these lawless drivers. If you get involved in an accident with someone with no insurance, you will insured up to your policy limits.

It is important to know that every state has different insurance mandatory coverage and laws. You should familiarize yourself with the mandated limits in your state and stay current with changing laws.

The Most Common Car Insurance Coverages

Each type of coverage you purchase contains a set of limits, policy terms and multiple conditions. Bodily injury is an all important one.

It will pay for, as the name implies, bodily injuries sustained from an incident you were found to be at fault causing. A good liability policy will also pay for legal fees, up to certain predefined limits, in the event you are sued in court.

Liability will also pay for damages you caused to another persons property, almost always their automobile, after an at-fault accident occurred. Medical insurance will most often cover you and the passengers riding along in your vehicle who were hurt in a crash. Another advantage of having good medical coverage is, it will cover medical costs in the event you are hit by a car walking as a pedestrian.

There are several states that have PIP or personal injury protection laws as opposed to medical coverage. Some people refer to this as no-fault coverage. PIP insurance will most often pay for medical, funeral, income loss and a variety of other costs that relate to bodily injuries sustained after a vehicle accident.

What you Need to Know Before Buying Car Insurance

The most important thing to think about when buying auto insurance is getting coverage that meets your needs. What are your specific needs, including your budget and tolerance of risk. Remember, you should think of a worse case scenario, such as buying enough coverage to replace your car and protecting the assets you have accumulated.

In general, the higher your personal net worth, the more insurance protection you will need. Lawyers also target people who have large amounts of money with vigorous lawsuits, claiming pain and suffering damages. Your insurance plan should follow your asset growth and protect you to the fullest.

Why Is It Important To Have Group Travel Insurance

Group travel insurance is essential for any group who are travelling internationally and domestically. A growing number of travelling is being completed in the group format, whether for a specific interest group, corporate event, school or sporting tour. These adventures represent a lot of coordination and investment, both in time and money, to organise and complete. The trip envisaged is meant to represent the experience of a lifetime. But what happen if someone is ill, has his or her luggage or passport stolen, or is involved in an accident while on trip? This is where group travel insurance comes to the rescue, providing immediate assistance and advice in your time of need, as well as covering the costs incurred with the incident or accident.

There are many reasons and key benefits of group travel insurance, including being covered for unexpected illnesses or injuries that may occur while the group is travelling. Dependent on the country being visited, the level of public care may be questionable and private care is the only real option. Without adequate cover for the group, those who have suffered the incident may not get the correct medical care required. Furthermore, in some countries, even the public health care system is based on user pay, with those without adequate group travel insurance or the money to pay for the care itself, not being eligible for any medical procedure.

Travel interruptions are a necessary evil of modern day travel, where tight deadlines, along with international weather and possible political situations, may adjust the original timetable of the holiday. As group travel is usually for a specific purpose, the timelines are strict for departure, arrival and the itinerary when in the host destination. However, group travel insurance has the ability to provide for travel interruptions, whether this is occurs during the set itinerary or an emergency at home requires all or part of the group to return home.

When younger groups are travelling, many will want to participate in a range of adventure activities. While exhilarating, sky diving, bungy jumping and hiking can be inherently risky. Most group travel insurance policies will have the ability to add these activity types to the total cover of the group travel insurance.

With all the monetary and time investment required to organise and implement a travel experience for your group, don’t risk the outcome of the experience by not being adequately covered.

Group Term Life Insurance

Employee benefit plans help retain your skilled employees and recruit people who can make significant contribution to your company’s profitability. Life insurance benefits form a key element of any employee benefit plan. This is the most sought-after benefit as it ensures the financial stability of the dependents in the event of the employee’s death. A group term life insurance offers the employer an affordable way to provide financial security to the employees’ dependents in the unfortunate event of their death.

Group term insurance may include disability coverage and/or accelerated death benefit and the employee can make his/her choice. Insurance companies across the nation will offer flexible plans to suit company culture, employment policy and the financial obligations. The plans are tailored to the company’s requirements with a variety of consumer-friendly features and options designed to meet the needs of the employees. A multitude of flexible plan options exist to meet the needs of diverse group employers in various industries. Features such as living care benefit, liberal benefit amounts, dependent coverage and portability are often included in a majority of these plans. Moreover, a group term-life insurance plan ensures low-cost benefits for the employees without significantly increasing the expenses. Discuss with a licensed insurance specialists from the companies to determine the optimal group policy for your organization.

In today’s world of globalization and cut-throat competition to retain the best talents, group term life insurance is an invaluable employee benefit to provide financial security to the employees’ dependents.

Save Your Budget Through Affordable Dental Plans

Securing insurance for your dental care should not make a hole in your pocket. There are a number of affordable dental plans that you can get. Although this might be a bit difficult to find, they do exist. Numerous offers flood the Internet. You just need to take time to search and compare each offer.

Although a lot right now would opt not to get dental plan for their own when their employers failed to provide one, it is of high importance that we consider to get one. Admit it or not, dental cost are increasing more and more that most would find it difficult to avail services. It is the same reason why others would only visit a dentist if there were already troubles. As a result, they have to pay higher fee aside from already having the problem.

When choosing an inexpensive dental plan, you do not just have to look at the price it entails but also the overall package that you are getting. It may be that you paid for a lower cost plan but the services included are of no use to you at all. What happens is that you are just paying at something that is not really worth paying. So when looking at plans, it is best that you weigh on the cost and the coverage. See which one will fit the services that you will avail aside from of course the credibility of the insurance provider, before you decide on signing up.

Tips on Finding the Most Affordable Dental Plan

Although most of us recognize the importance of having health insurance, there are still those who do not believe that dental insurance are part of it. Remember, if you underestimate the importance of taking care of your teeth, sooner or later, when you get older, you’ll realize how much you’ve wasted.

Now, if you are worried about finding an affordable dental plan, here are some tips you may want to know.

Check your employer. If you are currently employed and your company offers health insurance, there is a high probability that dental insurance plans are included. Alternatively, you can get an affordable dental insurance with only a few dollars a month. In other words, dental plans are a lot cheaper than health insurances.

Therefore, before you go out and search the market for an affordable plan, check if you have these benefits in your company. You may be surprised to find out that they have such coverage. And if they don’t, then this is the time to go out and search for other options.

Get your own affordable dental insurance. If your company doesn’t have such benefits or if you have your own business or self-employed, then you may want to invest for your own plan. With just a few mouse clicks, you can easily find one.

Full Insurance vs. Discount Dental Plan

Shopping for dental plans can be difficult and confusing because the market now offers a variety of dental insurance. However, aside from full insurance, there are also discount plans. The difference between the two is that discount plans offer discounted rates for everything – from checkups to dental procedures. Having an affordable dental plan will allow you to save approximately 50% to 60% on covered care.

Pay attention to your policy details

Read carefully your policy and take note of the terms. Are you 100% covered with all the procedures? Are there deductibles or do you have to pay co-pay for your every visit? These are just some of the most important questions you should be asking yourself when shopping for an affordable dental plan. In addition to that, you should also consider the amount you are willing to pay for that.

Freebies, anyone?

There are companies that offer freebies for their policy holders. Some offer free checkups or free dental cleaning yearly.

These are just some of the things you should consider when shopping for Discount Dental Plans. By following these advises, you should be able to find and purchase the most affordable dental insurance available.

Partnership Life Insurance

A partnership is fairly simple to set up. Two or more people get together with the intent of going into business; they get the appropriate licenses and file the necessary papers with the State and you are in business. When the areas of expertise of these people compliment each other the situation is ideal. Although each partner is taxed on an individual basis they all are liable for the debts of the business.

The partnership is treated like a separate entity in some ways as it can own property and execute documents, however, when it comes to payment of taxes or debt liability the owners are responsible. When a partner dies the company must be dissolved. If the survivors want to continue the business they must form a new company.

At the time of the formation of the partnership an agreement should be drawn up stating the percentage of shares each partner owns and under what conditions and in what manner shares can be disposed of. The agreement can be modified later upon the approval of a majority. If there are problems between partners the agreement is the legal document that they should be able to fall back on.

Advantages

  • Fairly simple and inexpensive to set up.
  • Makes going into business with family members easy and unlimited.
  • Capitalizing a business is simpler and stronger when many people put their resources together.
  • Because many people are putting their assets together the borrowing power is greater.
  • Each partner has the unique opportunity of specializing in their own area of expertise.

Disadvantages

  • Unless otherwise stated in an agreement the partnership must be dissolved upon the death of a partner.
  • The remaining partners must purchase or inherit the shares of the deceased partner unless otherwise stated in an agreement pertaining to succession.
  • A partner can require that the business be dissolved at any time.
  • Cannot take advantage of tax write offs like group life insurance, disability and health.
  • All partners are at risk for liabilities. All assets of the partnership are at risk in a limited partnership.
  • If a partner wants to leave the partnership he may suffer financial loss.

Life Insurance

Now let us look at how life insurance applies to this type of business. Let us suppose a partner died or had to leave the partnership because of disability. This situation could destroy the business, however, if the business had a properly drawn up buy-sell agreement funded by life insurance and disability insurance much of the problems would be averted. Each partner would have a life insurance policy and a disability buy-out policy on his life paid for by the other partners. Upon the death or disability of a partner the insurance company pays an amount equivalent to the value of the shares owned by the deceased. This money is used to purchase the deceased shares from his heirs.

Crime Victims Feel Anger, Outrage

Property crimes make up an overwhelming majority of all crimes. Homes and businesses are equally susceptible to the attention of thieves. And mostly these crimes happen when you aren’t there. An overwhelming number of residential burglaries happen during the day when you are at work. And, of course, businesses are most often burglarized after normal business hours.

There are few things more violating than coming home or arriving at your business and discovering your door has been kicked in or a window smashed. You feel incredible anger and outrage when you find you have been the victim of a property crime. And when filing the insurance claim, victims often discover they can’t remember everything that is missing.

Advantages of having an inventory:

YOU’LL REMEMBER. We, as business owners of an inventory service company, are constantly told that people don’t recover thousands of dollars from their insurance company because they forgot numerous items. Many just give up after months of thinking because of the daunting task of trying to pull all that information together.

PROOF OF OWNERSHIP. A thorough inventory will provide the information needed – photos plus serial and model numbers – often required before a claim will be settled.

REDUCED STRESS. Having all the information in an inventory document will help alleviate the stress and other emotions associated with your burglary. You won’t be thinking over and over, reliving the experience, while you try to remember what was in that corner or what was the brand name of our TV.

THE TIME FACTOR. Adjusters tell us that those with an inventory often file their initial claim within 48 hours. Without an inventory, they state it usually takes the full 12 months they have allotted to file – mainly because they know they aren’t remembering everything!

When you experience a burglary, there might be a few items stolen, or an entire household. We hear of people who go on vacation, only to return to an empty home. Can you imagine walking into your house and seeing complete emptiness? No furniture, appliances, electronics – even pictures that used to be hanging on the wall are now gone!

If you’re making a small insurance claim, you might think the claims process won’t be very difficult. But can you remember everything that’s in your purse or wallet? Most likely not, so how easy would it be to forget items in your home? And how do you know what was taken if the burglars are selective, only seeking – and taking – specific items? The loss might not be discovered for months, or even longer. Then there’s the difficulty of proving ownership. Photos help. Having model and serial numbers with the photos is even better. If the police have recovered numerous computers or cameras, for example, how do you prove which ones are yours? By being able to give them the serial number!

Some burglary victims have figured their loss to be just a few thousand dollars. Even more people, though, have stated they recovered only 30%-50% of what they needed to replace everything. One customer who was burglarized prior to purchasing our service, relayed that he had over $45,000 worth of equipment and furnishings in his business that were stolen. Because he couldn’t remember a number of tools and equipment or prove the high end furnishings, he received a $20,000 claim settlement. Where would you get the $25,000 to replace what the insurance company did not?

An inventory won’t remove the anger and outrage you’ll feel after a burglary, but it will ease the time, energy and stress you will spend compiling your insurance claim. Have you created your home inventory and/or one for your business? If not, consider hiring a local inventory service provider. It’ll be done quickly, professionally, and many will update it for you on an annual basis.

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