insurance policy

Insurance Tips for 2016

We are so bogged down with problems cornering us in every aspect of our busy daily lives that we hope not to add more to that. After deciding to get ourselves an insurance that will secure our future to a certain extent we get into a dilemma of choosing the right insurance policy for us. If you have not yet decided on getting yourself an insurance policy, try and make this one of the priority commitments of 2016.

Here are some tips that may help you in this regard:

# One of the biggest reasons for getting an insurance policy is the thought of a secured future in financial aspects for you and especially for your loved ones in your absence or when you reach such an age; that you are not that competent to earn as much as you would have liked to. So make sure you get an insurance policy and that too at an early age, for example when you join your first job.

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# There are different types of policies in today’s market; be wise while choosing one for you as there are always chances of getting carried away with the claims the products offer-  Term insurance policies, Health insurance policies, Fire Insurance, Car insurance and several others. You may choose policies based on your needs.

# One of the areas which needs to be taken care of while selecting a term insurance is the sum covered at the end of the term. Do not get carried away as the coverage may look a huge amount now, but always keep in mind that you may require to minus your debts.

# Always decide on an insurance company that is trustworthy. You can always study about the insurance company at the click of your mouse. So make sure you are making the right choice. Please go through the company’s web address and have a thorough read and understanding.

# Make sure you read the brochures and the form before filling it up. Never trust your agent blindly. Always take care that you furnish the accurate and valid details. Neglecting such an important aspect and trusting your agent completely may land you in trouble in the future while claiming the policy.

# Regarding getting ourselves a health insurance policy, we tend to defer it to point when we do not go through such an ordeal. Ignoring that, it will only add to your problems. A health insurance policy is as important as getting a term insurance is. Avoid neglecting it and waiting for the future.

# While deciding on an health insurance policy make sure to go through the details thoroughly and always see to it what are the different covers the policy provides. There are cover for basics, cover for terminal illness as cancer, cover for surgeries, some even provide cover for treatment costs abroad etc. Find out how exactly a health insurance cover works:

# Also keeping in mind the current social scenario where there are possibilities of differences opening up in our families, it is better to buy separate policies for each dependent.

Sincerely hope the tips are useful and we wish you A Happy Insured New Year.

Image Credit: http://www.designatedbeneficiaries.org/essential-life-insurance-tips-ideas-and-advice/


Basics of Travel Insurance

Amongst a wide variety of complicated and confusing financial topics, you also have Travel insurance. This article will throw some light on how travel insurance works, so that you consider a few things before being registered with an insurer. Once you’re aware of the travel insurance details, you’ll know how to keep yourself from issues concerning claims.

You must read through a few basic Travel Insurance articles that analyze coverage features before comparing travel insurance policies. Likewise, you must understand how travel insurance works to be able to avoid future hassles concerning claims.

How Does Travel Insurance Work?

Travel insurance provides a net of safety so that you can purchase coverage for protecting yourself under circumstances when your travel plans are marred by negative influences. It shows a close resemblance with different insurance policies.

Some of the travel insurance must-knows have been described mentioned below –

  • Before your trip gets disrupted, you must buy travel insurance. It’s like protecting your house before it goes on fire by purchasing home insurance.
  • Prior to buying your travel insurance, you must go through the policy papers very carefully. It will give you an idea of what your insurance policy will cover and what it won’t. You may go through the clauses that explain the exclusions to make things easier for you. Make sure that the policy clauses are well understood by you before you sign up.
  • Submitting documentation of your particular issue makes it easier for you to file your claim in case you meet with a problem. It is quite similar to filing an auto insurance claim wherein you’re required to show police reports as proof of the issue.couple_on_beach
  • A reimbursement structure is followed in case of travel insurance like any other form of insurance. You’ll need to bear all expenses upfront in the event of an accident, and you may get it compensated by your insurance service provider whenever you’re claim gets approved.

Travel insurance covers you for evacuation services, medical services, trip cancellation, flight delays and a wide range of other concerns. Comprehensive policies are often bought by those who travel frequently. A wide variety of things are covered by the right comprehensive travel insurance policy such things may include coverage for medical costs (to a certain extent), coverage for loss of baggage and benefits of interruption and cancellation of trips to a minimum level.

Depending on your specific coverage needs, you’ll be able to avail additional travel insurance of various kinds alongside the standalone benefits that you’re enjoying and those falling under your comprehensive coverage. Medical evacuation and pre-existing health condition waivers are some of the popular types of travel insurance that you may use besides your current coverage. Knowing all these travel insurance basics will always help you in the event of a crisis.


Calling All Landlords: Is Now the Time to Buy Landlord Insurance?

 

Whether you’re a landlord operating in one of the property market hotspots, or you’re a little bit of a novice landlord who’s just getting their feet wet in the waters of property rental, it’s now more important than ever to take out landlord insurance. This is because the number of people becoming landlords is increasing because everybody wants a slice of the tenancy money pie.

For you, though, what this means is that you’ll need to do more to ensure that the quality and benefits of your property outstrip those of your competition, and one of the best ways to do this is through a good insurance policy such as the ones offered by Simple Landlords. If you’re not convinced, read on to discover why it’s become a crucial expenditure.

images (6)No Legal Obligation, But Good Old Fashioned Common Sense

If you were wondering whether landlord insurance is a legal prerequisite to being a landlord, it isn’t. However, it makes logical and common sense that it is compulsory if you want to be a good landlord. Ultimately, landlord insurance will save you a lot of financial hardship in the future if a serious problem with your property does occur, and for this reason, it wouldn’t make much sense to be a landlord without it.

Ensuring the Safety of Your Tenants

Following on from the last point, the safety of your tenants should be one of your top priorities – even for the sake of human compassion, if not for the fact that they’re the ones paying you an income each month. Therefore, there’s a number of different reasons why you might want to take out landlord insurance. Obviously, you can use it as a selling point to attract potential tenants because it shows you care about their safety.

Ticking all the Boxes

Finally, it’s important that you take all the relevant steps to tick all the necessary boxes before you put your property on the rental market and advertise for tenants. Although it’s not compulsory for you to take out landlord insurance, it would look like a great additional benefit to tenants alongside your (compulsory) energy performance certificate and your annual gas safety check.

As you can see, there are plenty of reasons why purchasing landlord insurance should be high up on your list of things to do if you’re looking to attract tenants to your property. So now that you know the relevant information, is now the right time for you to be investing in landlord insurance?


Advice for University Tuition Fees

As many of us are aware, the cost of attaining a higher education has dramatically risen in recent years. As a result, there are countless students who are finding it increasingly difficult to make ends meet. Short of a full academic scholarship, tuition fees need to be paid in a timely fashion. There are several options which can help to mitigate the economic strain that such costs can incur. So, it is prudent if we take a look at how families can remain somewhat liquid while also being able to address the fees which will inevitably arise.

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Planning Ahead

It is common for parents to cover a significant amount of any enrolment fees. One of the best ways to accomplish this is through the use of a life insurance policy that will accrue wealth over time. As many of these plans will offer a broad spectrum of investments, this type of managed wealth can then be tapped into when a child reaches a certain age. Also, let us not forget that many programmes are tax deferred. So, there is an even greater possibility to earn a substantial amount of money over time. As each policy will differ, it is wise to shop around to encounter the most amenable options.

Government Aid

The second main avenue of support is through the government. Financial aid plans can come in quite handy and the interest rates can be more agreeable than a long-term institutional loan. Of course, it is always important to repay these loans within a timely fashion to avoid penalties and damage to one’s credit.

Another option is to apply for government grants. These are some of the most useful vehicles, for they will not need to be repaid once the money is disbursed. So, there is literally no financial risk involved with grants. The best way to determine which one is relevant is to perform an online search.

Family and Friends

While this option may appear to be unappealing to some, let us never forget that many students will have at least part of their tuition covered by a family member. The primary benefit here is that no money will be owed to the state or to an institution. However, it is always wise to carefully consider this alternative; relationship issues can be an unfortunate result.

Work-Study Programmes

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We should also recognize that the student can apply for employment once he or she is attending a university. Although this money may not directly go towards the repayment of fees, a certain amount can be set aside for future use. This is also a wise choice due to the fact that there is no complete guarantee that a job will automatically await the student upon graduation. In simpler terms, planning ahead can avoid future hardship.

These are some of the best ways to successfully negotiate challenging tuition fees. By looking ahead and through careful planning, a potentially frustrating situation can be avoided.


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