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Take a closer look at long-term health insurance


For many Americans, buying insurance to cover your home, car, and health is standard practice. But long-term care insurance is a mystery to many, even if it provides important financial protection against certain life uncertainties.

The purpose of long-term care insurance (LTC) is to protect the policyholder from paying the full bill of an extended stay in a healthcare facility, such as a nursing home or rehabilitation center.

Because it is uncertain whether you will need long-term care in the future, and the costs could be very high, it is worth learning more about your long-term care insurance plans and making an informed decision .

You may need specialized care at a later point in your life. For example, as you get older, your doctor may discharge you to a nursing home after being hospitalized for surgery or illness. Fortunately, Medicare covers qualified stays up to 100 days. However, sometimes a deterioration of mental or physical health due to an accident, illness or dementia leads to a longer stay in a nursing home or long-term home care. When this happens, even families in good financial position may have to weigh the costs of long-term care against their other priorities.

Although Medicaid covers the cost of long-term care beyond 100 days, this federal program requires individuals to exhaust their personal savings first, among other qualifications. For this reason, even individuals who are financially comfortable should carefully consider long-term care insurance.

Here are some factors to consider when considering long-term care insurance:

· Your age and health may affect your eligibility. Purchasing a policy when you are relatively young and healthy may mean that you have more years to pay, but it also helps you secure a benefit that may not be available if you are older or in the event that you experiencing health problems. The cost of a policy usually increases with age, especially after age 60, when health problems become more common. If you have a pre-existing condition or a family history of a condition, you may not be eligible to take out certain policies. Check the fine print carefully to see if any conditions are excluded from coverage.

Long-term care insurance comes in many forms – from barebones to all the bells and whistles. Price is just one factor to consider. Compare parts of the policy side by side to see which plan may make sense for you. Evaluate facilities and programs in your area so you can align your service expectations with what different policies can cover.

· Most plans are linked to the need for help with a predetermined number of daily living activities (ADLs), such as dressing, showering and eating. You pay more if you want a policy that requires fewer concurrent ADLs to generate benefits.

· Consider the cost of nursing homes in your area to determine whether to buy coverage on the high or low end of the spectrum. Choose a daily benefit – or the amount of expenses covered each day – that you can live with, because you are expected to make up the difference.

· Most plans have an elimination period, which is the amount of time that must pass before your insurance covers the bill. This “gap” in benefits ranges from 30 to 180 days. You are responsible for 100 percent of the costs before your benefits start.

Inflation Protection is a common plan that can help offset rising health care costs by increasing your eligible lifetime benefits under the plan. It’s worth considering whether you can afford the cost of a more generous lifetime limit.

Your financial advisor can help you calculate whether your projected future income and assets can withstand the costs of long-term care, should the need arise. When in doubt, long-term care insurance can make sense. Together, you can review your options and choose a plan that will help you achieve your long-term financial security goals.

Auto Insurance Basics


What exactly is car insurance?

Auto insurance is designed to protect you in the event that you injure others, including property damage and personal injury, as a result of an accident. In addition, depending on the coverage and plan you have, you will be reimbursed for injuries and damage to your vehicle. In its most basic form, auto insurance is a contract between you and your carrier. You agree to pay a fixed price, called premiums, in exchange for selected coverages.

The type of policy you have is described in detail on the declaration page, so make sure you always read it and understand exactly what coverage you have. It is always smart to read your policy carefully and make sure that you do not have overlapping matters, such as rental insurance. This is often covered by your credit card agreement, so you may just be wasting money using it. Remember you can always upgrade your insurance and cancel at any time.

What does car insurance cover?

This is a common question new customers always ask agents. The answer is that 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 damage. If you have a vehicle that isn’t worth much and you don’t drive too often, liability insurance can make sense. It’s much cheaper than comprehensive, with prices in some states starting at $29 for good drivers.

* Collision insurance

This will reimburse the damage and medical costs relating to you. It’s smart to buy it if your vehicle is newer and worth over $12,000.

* Comprehensive insurance

This is the gold standard of coverage. This type of policy costs more, but offers broad protection. It coincides with a collision and will repair or replace your car for events that cause damage or loss, unrelated to a vehicle accident. This means that if your car is stolen, you are protected and can have it replaced for its current market value. Weather-related damage to your car is also covered. Typical examples are floods, fires and animal incidents.

* Uninsured motorist insurance

More people are driving uninsured on the road than ever before. Buying uninsured motorist insurance protects you from these lawless drivers. If you are involved in an accident with someone who is not insured, you are covered up to your policy limit.

It is important to know that each state has different mandatory insurance policies and laws. You should familiarize yourself with the mandatory limits in your state and keep abreast of changing laws.

The most common car insurance policies

Each type of coverage you purchase includes a range of limits, policy terms, and multiple conditions. Physical injury is a very important.

It reimburses, as the name implies, physical injury incurred as a result of an incident that you have caused yourself. A good liability policy will also cover legal costs, up to certain predetermined limits, in the event that you are taken to court.

The liability also covers damage that you have caused to someone else’s property, almost always their car, after an accident has occurred. Medical insurance usually covers you and the passengers in your vehicle who are injured in an accident. Another benefit of good medical coverage is that it covers medical expenses in the event you are hit by a car that is walking as a pedestrian.

There are several states that have PIP or personal injury protection laws as opposed to medical coverage. Some people call this interference-free coverage. PIP insurance usually pays for medical expenses, funeral expenses, loss of income and a variety of other costs related to physical injuries sustained after a car accident.

What you need to know before taking out car insurance

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

In general, the higher your personal wealth, the more insurance protection you need. Lawyers also target people who have a lot of money with solid lawsuits, claiming pain and suffering. Your insurance plan should track your capital growth and protect you fully.

Understanding and Saving on Auto Insurance in Alberta


Finding auto insurance can be a difficult and stressful process, especially for those who don’t have much experience when it comes to average rates and coverage. Fortunately, InsurEye’s expert team knows exactly how to find the best car insurance in Alberta, and at the best price! With a solid team of professionals by your side, you don’t have to worry about finding cheap auto insurance that fits your needs.

The Many Ways to Save on Auto Insurance in Alberta

There are many factors that affect car insurance rates in Alberta, from the condition of your vehicle to where you drive and park, or even your educational and driving history! The following are just some of the ways you can potentially save on your auto insurance rates.

By starting with an online comparison, you can check the average auto insurance rates in Alberta. If you’ve been with the same insurer for a long time, it can be hard to beat their rates (especially if you haven’t had any recent claims), but it’s always worth looking. If you don’t have good driving habits, keep in mind that this is only true for you for about three years. At that point, previously created tickets will be removed from your history and your premiums may be reduced.

If you haven’t already, you can take driver training in an effort to lower your insurance premiums with some insurance companies. If the car you currently drive isn’t worth much, consider getting only the minimum legal coverage, with no collision damage. This probably means you have liability insurance and will still be protected if you damage someone’s vehicle, but the damage to your own vehicle will not be covered.

If you are a more experienced driver, you may be able to save by increasing your auto insurance deductible and thus paying higher damages in the event of an accident.

Something as simple as where you park your vehicle can also affect your insurance rates. By parking in a safe place, such as a private or secured garage, you will likely get a lower premium. If you need multiple types of insurance coverage (such as auto, home, and life insurance), many companies allow you to bundle them together for a discounted rate.

Graduates of certain Canadian universities may qualify for a discounted rate with some insurers. Some insurance companies offer discounts to members of certain professional organizations, such as Certified Management Accountants of Canada or The Air Canada Pilots Association.

As a senior, you can also save, as most companies offer discounts to seniors.

Contact InsurEye today to discover more ways to save. By filling in our online insurance quote formconnect you with an experienced insurance professional who will help you find the perfect plan.

Alberta Auto Insurance Understanding

When choosing auto insurance, it is important to understand what types of insurance are available to you. This ensures that you choose a plan that works best for you and that you don’t end up paying for things you don’t need.

While auto insurance is required by law in Alberta, the government only regulates the minimum amount of third-party liability insurance for your car, which is $200,000. In contrast, we recommend having at least $1,000,000 to $2,000,000 in liability coverage to protect yourself and your finances in the event of an accident.

Alberta uses an “at-fault” insurance approach for personal injury and vehicle damage liability. By contrast, the county takes a “no-fault” approach to accident insurance coverage, meaning each insurer pays for its policyholder’s claim. Auto insurance rates in Alberta average $110 per month, which is not the highest in Canada. Yet it is important that you understand what is offered, in order to be able to search for the best price.

The types of car insurance offered

Starting with basic coverage, all drivers in the province of Alberta require personal liability and property damage insurance (PLPD), also known as third-party liability insurance. This is required by law to drive within the county as it covers damage caused by your vehicle to another person or their property.

While the minimum is currently $200,000, it would be wise to look for a higher amount of cover, as noted above. Alberta also requires drivers to have accident insurance, as it covers a vehicle’s passengers in the event of injury or death. Regardless of who is to blame, this type of insurance covers medical and rehabilitation costs, funeral expenses, death benefits, and income replacement, depending on the situation. Accident benefit also provides cover for uninsured drivers in the event that you are involved in an accident with an uninsured driver.

While public liability and accident insurance are the minimum requirements to drive in Alberta, there are other types of coverage that may interest you. For example, collision coverage covers all repairs to your vehicle caused by an accident with another vehicle or object. Best of all, the repair or replacement of your vehicle is covered whether or not you are at fault for the damage.

Comprehensive insurance goes one step further by covering damage to your vehicle that is not the result of an accident or collision of any kind. This insurance protects your vehicle against threats such as fire, theft, vandalism and environmental or weather-related damage. This is the largest coverage available through auto insurance.

If you don’t need such comprehensive insurance, itemized hazard insurance offers a happy medium. Itemized hazard insurance offers more protection than collision insurance, but is not as comprehensive as comprehensive insurance. This type of insurance covers damage caused by the hazards you specifically mention in your policy, which are not the result of a collision. This way you can choose what you are covered for, and any hazards not specifically mentioned are not covered.

Trust the InsurEye . team of experts

Car insurance doesn’t have to be a scary or difficult process. At InsurEye, we are passionate about helping our clients find the best possible insurance prices, for policies that suit their specific needs. Whether this is your first time looking for insurance, or if you’ve done it several times in the past, we hope we can offer you a better price without sacrificing coverage. See how much you can save on car insurance in Alberta with the help of InsurEye!

FR44 Insurance in Florida: Frequently Asked Questions with Full Answers


When did the Florida FR44 insurance application go into effect? What are the requirements needed for one? What type of policies are eligible for compliance?

Effective October 1, 2007, a person convicted in Florida for drink-driving must maintain increased liability coverage limits for vehicle accidents. The minimum amounts are $100,000 per person, $300,000 per bodily injury liability accident, and $50,000 in property damage. A single combined limit of $300,000 is also acceptable. Liability must be provided by a Florida policy. This could be auto insurance or an operator’s insurance where there is no vehicle to insure. A vehicle that insures a vehicle with less than 4 wheels is not eligible as this type does not include Personal Injury Coverage (PIP).

The flexibility to comply with different types of policies, and as a policyholder or additional driver, allows the convicted driver to insure a well-fitting one. For example, a young transporter will often find a lower rate as an additional driver on his parents’ policy. In the past, another good option was to insure a scooter that might have cost you as little as $100.00 for the whole year. Unfortunately Florida no longer allows a deposit with this type.

Do all drivers with a DUI in Florida need FR44 insurance? How long will the requirement remain in effect?

To clear an FR44 DUI case number for driver’s license recovery, a driver, received the violation before November 1, 2014, is required to prove that increased vehicle liability insurance in the amount of 100/300/50k was in effect at the time of the violation, or they must purchase an FR44 policy for three years from the date of original suspension date. After November 1, 2014 all drivers convicted of drink driving will be required to purchase and maintain a non-cancellable FR44 policy for three years from the date of DUI recovery date.

When can I restore my license after purchasing a policy? How will the Florida DMV be notified that my FR44 requirement has been met? Can I receive the FR44 certificate at the point of sale?

The FR44 form (certificate) is filed by the company with the Florida Bureau of Financial Responsibility. As required by law, they will be sent electronically within 15 days of commencement. Companies usually ship to the agency at the point of sale and the DMV database is updated within 24 to 48 hours so that the license can be restored.

Some companies will generate a “paper” certificate at the point of sale that can then be combined with proof of insurance and faxed to a local DMV office, from the agency or company with an identifying cover sheet. This is the fastest way for a convicted driver to recover their driver’s license.

Since companies send the FR44 certificate to the state electronically, a special request is needed to have one issued directly to the policyholder. It is usually typed and then faxed or emailed, and usually takes up to 2 hours to be ready. If you’re in a rush, before you buy, or even before you get a quote, find out if a certificate is immediately available.

How much will this cost? What is the cheapest way? Are there also file costs and repair costs?

There is a $25.00 filing fee for everyone. A driver’s license recovery fee is required for drivers who did not have increased liability limits of 100/300/50k on their policy at the time of the DUI. However, the total cost is determined by a large number of variables that are unique to each person including location, age, history, vehicle type etc. Usually the cheapest way to get an FR44 insurance policy is an operator’s policy or not -owner. which does not include a vehicle. This type of policy is not available to drivers who have access to a vehicle or require a locking device.

Can I cancel? Can the insurer cancel? If I cancel, can I replace it with another one?

As of May 4, 2012, all policies with a Florida FR44 application may not be canceled. Businesses can only cancel during the first 30 days to determine eligibility. Of course, there are many legitimate reasons for canceling a policy, such as moving to another state, selling your vehicle, getting married, etc., and there is a way to cancel these policies. Approval may be submitted to remove the FR44 application from an existing policy, and then that policy may be cancelled. Please note that if the FR44 requirement is still in effect, the canceled policy will need to be replaced or the driver’s license suspended. When you cancel, you may be asked to provide a registered affidavit stating your reason and how you intend to continue with compliance. Naturally, when your compliance period ends during the policy period, all restrictions may be removed from that policy.

Can I get a monthly payment plan? Does the State of Florida Require Full Payment? Can I have more than one policy?

Since they cannot be canceled, companies will demand full payment. Unlike the termination clause, demanding payment in full is not a state mandate. Since companies are not free to cancel a policy for default, they generally will not offer payment plans. However, there are a few, in limited circumstances, that allow for a payment plan. One has recently started offering payment plans for all of their renewal policies. Keep in mind that companies offer a significant discount when paid in full, and the FR44 requirement does not eliminate that discount. There can only be one application per driver, but a driver can have more than one policy and this provides additional flexibility.

When is my FR44 requirement no longer needed? How do I contact the Florida Department of Motor Vehicles?

The best way to find out is to contact the Florida Department of Motor Vehicles and let them tell you the exact date your requirement ends. I recommend contacting them by email at: https://www3.flhsmv.gov/DDL/CQS/ so you have their answer in writing. When you are within 60 days of ending the requirement, you can bear the 100/300/50 liability without actually filing a return and will be deemed to comply. This option can be especially useful when starting a new policy as payment plans, driver exclusion and all other options can be exercised.

Don’t mess with car insurance: avoid the commotion


In India, under the Motor Vehicles Act of 1988, it is mandatory that every vehicle driven on the road is insured. This car insurance falls under the third-party car insurance and the hull insurance. While third-party auto insurance is required by law, buying a comprehensive policy is only to your liking.

What should you pay attention to before taking out car insurance?
It is rightly said, “Never make troubles until troubles bother you.” But why worry when you can simply analyze your own needs and choose the right coverage for your car?
1. Analyze your coverage

Understand and analyze your coverage. Make sure you cover your car sufficiently. We do not advise you to be insufficiently insured, but paying huge premiums does not make sense either. For example, third-party car insurance is required by law. If your car is involved in an accident, coverage is only guaranteed to the third party in the event of personal injury, permanent disability and accidental death. What will happen to your car now? Then your assets could be at risk if it were a major accident. That is why it is now wise to go for comprehensive insurance to avoid the large repair costs.

2. Go shopping
With the variety of insurance companies available, you can narrow your search by selecting the appropriate insurance policy according to your requirements. Some online insurance portals like Coverfox.com offer a good comparison of different insurers based on premium, cashless garages, claims settlement ratio etc. compare car insurance policies will save you a lot of money as it involves less paperwork. You also get a wider range of products. So compare car insurance policies and give kudos to your wise decision.

3. Pay extra, go for add-ons
If you own a car, insuring it is the first step. However, protecting it wisely by choosing suitable add-ons becomes like icing on the cake. Insurance companies offer various add-ons such as bumper to bumper, paid driver coverage, engine protector, roadside assistance and passenger coverage to name a few. In short, you pay a little extra to cover all your risks. But again, check which add-on best suits your car and then choose it.

4. Free viewing period

The free viewing period is a time frame set by the insurance companies during which you can decide whether you want to continue the policy or not. If you are not satisfied with the policy terms or with the insurer’s services, you may cancel the policy and request a full refund.

5. Ask for discounts
Why be shy about asking for discounts when it can really help you save some money? You can earn good discounts as a good driver! The most expensive parts of the car, such as the gear lock, safety equipment, airbags, etc. can benefit the insurer as it reduces costs, thereby rewarding you for your safe and responsible driving.

6. Keep an eye on the insured declared value

Always consider the value of the car before taking out insurance. Insured declared value or the IDV is the factor that determines the premium of the car. Always make sure that the premium charged is correct, because lower the IDV, lower would be the premium. In the event of total damage, make sure that your IDV is in order. If it happens to be incorrect, then you would have to pay a huge amount of your savings. Therefore, always state the correct value of the car.

So avoid the commotion and choose the right cover. We hope this article was helpful for you to keep the smallest details in mind before purchasing car insurance for your prized possession.

Cheap car insurance with the right ones


There are many things to think about when buying auto insurance, other than price alone. You should carefully consider all insurance coverage options, which will play a big part in the cost of your premiums.

It may sound a bit confusing, but getting the cheapest policy can actually cost you a lot of money in the long run. Why you might ask? If you get the minimum coverage from the state, you can stay naked, so to speak. In the event that you are involved in a collision with a car, the amount you will need to cover the accident could be significantly more than your policy limits.

Worse, you could be sued and have your pay garnished. If you hurt another person in an accident you caused and you couldn’t pay all their medical bills, you probably will.

Get the best car insurance for your needs

Let’s stick to the cheapest type of insurance, the basic liability insurance. If you get the state minimums, you can get monthly rates starting at $30. The problem is, your car could be worth $15,000 or more. If you got into a collision, guess what, your plan wouldn’t pay for repairs to your vehicle. When it’s added up in full, that means you just lost $15K, which is a lot of money.

Now that cheap liability policy has cost you thousands of dollars. Simple public liability and property damage should only be used under certain circumstances. For example, if you have a vehicle that is worth less than $3,000 and you don’t drive it much, you may be able to take this risk. Also, if you’re a college student with an old ride that’s not worth much, you can take the risk and stay within your budget. However, if you have an expensive car and assets to protect, you will need to purchase additional protection.

The other thing to consider with these cheaper policies is legal liability. The United States is a very controversial country. There are literally tens of thousands of personal injury lawyers looking for new cases. This means that if you get into a vehicle incident for which you have been held responsible, a limited policy may come back to bite you. Let’s say you only have $50,000 in medical damage protection. You check your cell phone while driving, drive through red and T-bone a nice lady in a used Honda. She goes to the hospital for two weeks and earns $250,000 in hospital expenses.

Her attorney will immediately sue you for the balance of these charges, in this example $200,000. You can go to court and challenge this, but it will cost you thousands of dollars to hire a lawyer. The judge in this example could award the victim the $200,000 plus legal fees, which would more than likely devastate you. A payment schedule of $2,000 per month can be deducted from your salary for ten years. So your $39 a month money savings in the long run will just cost you a fortune.

The most important thing to consider when buying auto-ins is protecting your assets. If you make more than $60,000 a year, take out a policy that covers up to $500,000. Should you nevertheless have a serious accident, you are well covered and you will not be financially crushed. You might pay $130 a month and even more for a higher-limit plan, but in the long run, it’s the smart move to make.

You can take advantage of good driver or senior discounts and save 5% or more. Another great tip is to increase your deductible to $1,000 or higher. This way you can buy an extended ins subscription at a lower rate. Don’t forget to put the $1k aside in the unfortunate event that you get into a crash and need to file a claim quickly.

Buy car insurance directly and save a lot

Now that you’ve chosen the type of insurance you want, it’s time to shop around for the best rates.

Let’s learn more about how to get cheap car insurance


Do you have the right car insurance? Well, many people think that having the right auto insurance is a must. It will be better if you get the best with cheap car insurance. While most people know whether they have liability, collision, or comprehensive coverage, some people pay close attention to their insurance coverage until they’ve had an accident, while others don’t really care.

Buying auto insurance is an important planning topic that is often overlooked as most teens are added to mom and dad’s insurance when they first get behind the wheel and shop for the cheapest policy later when they get the bill. to pay into their account. own. In this article, we’ll discuss car insurance coverage, so you’ll get some tips on how to get the most out of your money.

Cheap car insurance has two primary benefits. The first is to protect your wealth and the second is to protect your health. Getting the right coverage is the first step in the process. These are the basic coverages that most people are familiar with:

1. Liability: This coverage covers personal injury and death-related third-party claims, as well as any damage to other people’s property as a result of your car accident.

2. Crash: This cover reimburses the repair of your car after an accident. It is required if you have a loan for your vehicle because the car is not really yours – it belongs to the bank, who want to avoid getting you stuck with a car wreck.

3. Advanced: This coverage covers damage caused by theft, vandalism, fire, water, etc. If you paid for your car in cash or paid off your car loan, you may not need collision or comprehensive coverage.

In addition to the coverages listed above, there are other optional coverage types:

a. Complete tort/limited tort: Your insurance will be reduced by a few dollars if you waive the right to sue when you have an accident. However, giving up your rights is rarely a smart financial move.

b. Medical Payments/Personal Injury Protection: Personal injury reimburses the costs of medical bills for the policyholder and passengers. If you have good health insurance, this may not be necessary.

c. Uninsured/underinsured coverage for motorists: This type provides coverage for medical and property damage if you are involved in an accident with an uninsured or underinsured motorist.

d. To tow: Tow cover pays for a tow if your vehicle cannot be driven after an accident. If you are a member of a car service or if your vehicle comes with manufacturer breakdown assistance, this coverage is not necessary.

e. glass breakage: Some companies do not cover broken glass under their collision or comprehensive policy. Overall, this coverage isn’t worth the cost in the long run.

f. Rental: This insurance option will cover the cost of a rental car, but rental cars are so cheap that it may not be worth paying for this coverage.

g. HoleNote: If you destroy that $35,000 sport-utility vehicle 10 minutes after you drive it off the property, the amount the insurance company pays will likely leave you without a vehicle and a big bill. The same goes if your new set of wheels is stolen. Gap insurance pays out the difference between the blue book value of a vehicle and the amount still owed on the car. If you are leasing or buying a vehicle with a low or no down payment, gap insurance is a great idea.

Maximize on minibus insurance


In today’s world, rising fuel costs and concerns about emissions have prompted many travelers to switch to minibuses and minibuses. Like other forms of road transport, minibuses must also be insured. Therefore, the whole concept of minibus insurance is slowly gaining popularity.

As with any insurance policy, there are three types of minivan insurance. Comprehensive minibus insurance would cover almost all risks, including fire, theft, third party injuries or physical damage. All medical expenses incurred will be paid by the insurance company, if the amount is within the policy limit.

A second type of minibus insurance only relates to third-party insurance. This is the minimum insurance requirement, according to the law. This covers injury to others, liability for death, damage to property of third parties, et cetera.

The latter type includes fire insurance, third-party liability and theft insurance. It does not cover personal medical expenses and liability in the event of death. This is normally chosen by commercial and transit operators.

The minibus insurance is also divided into five categories, based on the use of the minibuses.

Multifunctional minibuses can be insured under a separate category: Multifunctional Vehicle Insurance. This policy covers passenger injuries, cargo damage, theft and fire. Some countries require operators to opt for this type of insurance.

Taxi and shuttle companies should choose the Taxi Insurance category. Travelers are insured under this policy and passengers’ injuries are taken care of. Liability insurance is also offered.

If an organization has a large number of minibuses, it can opt for the Fleet insurance category. This policy is cheaper and covers passenger insurance, theft, damage to the vehicle, fire and injury or death of third parties.

If a minibus is used for personal purposes, it must be insured under the Family Insurance category. The family members are also insured against injuries and theft insurance is also offered.

The last category is for charities that use a minibus. This is called Charity Minibus Insurance. Among these, theft, fire and passenger insurance policies are offered. The policy limit is usually higher in this category due to legal requirements.

There are other types of minibus insurance that do not fit into a specific category. For example, a minibus used as a school bus cannot be insured only in the Taxi insurance category or only in the Fleet insurance category. Injuries of schoolchildren are covered by a very sensitive legal web. Some types of insurance also provide legal support.

There are some additional insurance policies in certain policies. This includes roadside assistance, recovery assistance and civil liability coverage. An important factor to consider when choosing insurance is the duration of the policy.

For example, a 12 month policy is not effective for commercial and taxi companies.

In order to be able to claim an insurance policy, there are some basic legal requirements.

If an accident has occurred and the driver concerned is not in possession of a valid or relevant driver’s license, the insurance company will not consider the case. In Europe, a green card is required for insurance. In the United Kingdom, a Minibus Driver Awareness Scheme (MiDAS) qualification is required for every minibus driver.

Some insurers offer tailor-made insurance packages. One can choose from the benefits that suit one’s needs and can pay annual premiums.

Where to skimp on homeowners insurance to save the most money?


All home insurance policies have coverages that you may never use or understand. The last thing you want is for a disaster to occur and it’s not covered by your homeowners insurance policy. The second worst thing that can happen is paying for more than you need. I explain to you which cover you can forget and which cover is a must. This way you are assured of good protection without paying too much.

To better explain what isn’t needed, let’s first look at what’s needed on home insurance. Most insurance companies offer packages with the most recommended coverage, but here’s a list of what to look out for:

  • Home – This provides money to rebuild or replace your home if a covered loss occurs. Home coverage is not the same as your market value of the home, but is the estimated cost to rebuild the home if there is a total loss. Having the right level of coverage is important, so ask your insurance agent what is recommended based on your home’s current setup.
  • Personal Properties – For everything else you own, including clothes, furniture, stereo, and more. Certain items, such as jewelry or fine arts, may not be covered by the standard policy, so check with your insurance agent. Most companies provide 75% of home coverage as personal property protection. This means that if you have $200,000 in home coverage, you will likely have close to $150,000 in personal property coverage. It is difficult to know exactly what amount to provide, so a percentage of the property is used.
  • Loss of use – Most people don’t know what this cover is for, but it can be very useful. Having to move to a different location while your home is being repaired or remodeled will add to the cost of living in a different location. For example, if you rented an apartment for 2 months while your house was being rebuilt after a fire, the rent would be covered. Each policy varies from company to company, so be sure to ask about what’s included.
  • Personal Liability – While this coverage is rarely used, it is the most bang for your buck. In the event that you are liable for damage or injury to someone else, this provides coverage to protect you from lawsuits. The average homeowners insurance policy is $300,000, but it may only cost an additional $20 per year to rise to $1 million.

Hopefully you now have an idea of ​​what is required on home insurance, so let’s take a look at what you may not need. To save the most money on home insurance, there are certain options you can cut to save a few bucks off that premium.

The deductible you choose ultimately has the most influence on your premium. Most agents will recommend a $1000 deductible, but there are other options. The average homeowner makes a claim on their policy every 7 years and it is usually a roof or water related claim. Home insurance is not designed to protect against the little things like a broken window, but more importantly, the big losses like a roof or a flooded basement. This is where your deductible comes into play, the higher your deductible, the lower your premium. Consider having a 1% deductible on your policy, which is 1% of the home cover. For example, a $200,000 home insurance policy would have a $2,000 deductible. This can drastically lower your annual premium. Make sure you fully understand this option because as the home increases with inflation, so does your deductible.

One option that most insurance companies have come up with recently includes an à la carte package. This allows you to determine what is and what is not covered, plus separate deductibles for different losses. It may sound confusing, but ask your broker if there are options and how they affect your premium.

Chicago Auto Insurance Rates: Lower Auto Insurance Premiums Projected for Illinois in 2011


Despite the credit crunch that is draining most companies, the insurance market shows no sign of intense downside, as it has with some others. The insurance business is a recession-proof business, meaning that no matter what happens in the national economy, people still need to buy and issue insurance policies. In reality, some people argue that since insurance is a security need, people tend to be more concerned with their security concerns during these painful times, increasing the demand for insurance coverage.

So while we have elements that are pushing prices up, such as the credit crunch, other elements are pulling prices down – such as lower interest rates, deflation and a long-suffering economy. The overall direct result appears to be lower demand for auto insurance. As demand falls, more insurers are realizing that they are committing to being underpowered with their insurance premiums.

Based on the publications of the National Association of Insurance Commissioners, [naic.org] Average premiums and expenses in 2007 were $794 per year per insured vehicle, as opposed to $830 in 2003, nationwide. More recent records, according to the Wall Street Journal [online.wsj.com/article/SB122947388659212351.html] indicate insurance premiums rose 3.8% nationwide in November [2010] from a year ago, according to the consumer price index of the Ministry of Labor.’

According to the National Association of Insurance Commissioner, Illinois’ average premiums and expenses were set at $723 in 2007, compared with $1,140 in DC and $1,104 in New Jersey State and $1,047 in New York State, for the same year of 2007 .

The auto insurance industry in Chicago is one of the unique financial services industries in America. First, the market is too big, which usually makes it inviting and easy for auto insurance companies to get into. In fact, in recent months, a handful of auto insurers have been rebranded from scratch to provide Chicago with low auto insurance rates. Second, there are a number of insurance companies in Chicago that are aggressively competing with each other based on premiums and rates. Finally, Chicago auto insurance rates are among the most reasonable premiums in America due to the fact that Illinois state guidelines are not as strict as other states like New York for example.

There are more than 2,500 publicly traded insurance agencies with an address in the city of Chicago. These agencies are either captive agencies – the agent within the agency belongs to only one company such as Allstate Insurance and State=Farm Insurance, – or independent agencies such as Insure One or Insurance Navy. Most captive agencies are credit-driven, meaning the rate quoted is largely determined by the credit of the requesting client. Independent agencies have more freedom in the legal representation of their insurers. Unlike the captive system, the independent agency system allows agents to quote customers at many companies at the same time, some of these companies may work with credit prices and others may not, giving the customers plenty of quotation alternatives.

Some people assume that the brokerage scheme does not offer top insurers. In fact, the opposite is true. Most of the highly regarded insurance companies such as AAA, Travelers, Safeco and many others use the independent agency system, not the captive system. Independent agents, unlike captive agents, offer more options, more prices, and more features.