Tips For Getting The Lowest Car Insurance

Buying your first car is a pleasurable rite of passage for most people, but the accompanying purchase of auto insurance is less fun. In fact, many new car owners find the cost of insurance frustratingly high and so do individuals who have had car insurance for decades. (Learn how to read one of the most important documents you own. Check out Understand Your Insurance Contract.)

While competing car insurance companies offer opportunities for discounts, individuals can also take steps before they buy a car to make sure they will pay the lowest possible premiums.

 10 Insurance Tips For Homeowners

Compare Rates for Various Cars
Once you have identified two or three cars that you think you can afford and will fulfill your needs, call your current insurance (or a new insurance company) to compare premiums for the cars. Car insurance costs vary because of the safety record, repair costs and likelihood of theft as well as the price of the car.

Avoid Gaps in Coverage
If you are switching policies, make sure you are completely covered at all times. If you let your insurance coverage lapse by forgetting to make the premium payments, your rates are likely to be increased.


Maintain Good Credit
Insurance companies typically check your credit score when determining your insurance rates because they have found a correlation between bad credit and the likelihood of making a claim.


Drive Less
Many companies offer a low-mileage discount for drivers who have a short commute or drive few miles each year.


Request a High Deductible
One of the easiest ways to reduce your car insurance premiums is to increase your deductible. Just make sure you have the funds to pay the deductible if you get in an accident.


Claim all Your Discounts
If your car has extra anti-theft or safety features such as anti-lock brakes, most insurance companies will give you a discount on your premiums. You may also be eligible for a discount if you have taken a defensive driving class or, if you are a student, you have good grades.


Drive Safely
Of course you should drive carefully to avoid accidents and tickets anyway, but bad driving can also raise your insurance rates or even lead to a nonrenewal of your policy. While too many speeding tickets can cause a problem, causing an accident will typically raise your insurance costs by as much as 40%.

 Top 10 Solutions For A Big Tax Bill

Consider Moving
While this may be a bit drastic, auto insurance rates vary widely from one location to another because of the likelihood of an accident or a theft. In general, car insurance rates are lower in rural areas, so you may want to look into the potential for higher or lower insurance rates if you are thinking of moving.


Work with One Insurance Company
After you shop around for insurance rates, choose one company for all your insurance needs. Most offer a discount for combining car and homeowners or renters insurance with one provider. (Before paying for coverage, find out what you need to do to ensure you get paid. See What To Do If Your Insurance Won't Pay.)


Lower Your Coverage
The Insurance Information Institute (III) suggests dropping collision and/or comprehensive insurance on older cars to save money. As a rule of thumb, III says that if your car is worth less than 10 times the premium, it may make sense to drop that coverage.

The Bottom Line
The important thing to recognize is that car insurance should be customized to meet your needs. Consulting with an insurance agent can be the best way to make sure you are taking advantage of every possible discount and that you and your car are still adequately covered. (Continue your insurance education;

source via : http://www.investopedia.com/

Insurance auto auction

Insurance auto auctions sell cars, trucks, bikes and also boats that have been damaged by collision; flooding; theft or fire or been subject to loss in some other way. At an insurance auto auction there might also be vehicles for sale that have been repossessed against defaulted payments. These auctions acquire stock directly from insurance companies in high volume so there is always plenty of choice.
All kinds of buyers take an interest in insurance auto auctions: exporters; dealers; small auto businesses that renovate and re-sale vehicles; and private individuals eager to find a bargain. Buyers qualify to take part in such auctions through licence but access to insurance auto auctions is easy via a registered and authorized online broker holding the relevant licensing.

Insurance auto auction

Vehicles wind up at auction for all kinds of reasons. Fleet leased cars tend to go for auction once they have reached a certain mileage. Many of these vehicles have taken a beating in terms of wear and tear but many others are surprisingly unscathed!

Dealer trade-ins are also found at auction and while some cars, bikes and trucks are in pretty bad shape, others are perfectly suitable for several more years of service. Browsing through the sale lists, the damage on each vehicle is clearly described so that buyers know what they are getting and in what condition. This information also outlines what parts are required to repair and renovate each vehicle; thousands of parts and vehicles that are suitable for parts only are accurately listed.
Some insurance auto auctions will arrange transportation, with a pickup service and towing facilities to save outlay on storage and also ensure you get what you purchased as quickly as possible. An online broker will deal directly with insurance auto auctions and liaise on transportation and inspection services.

Of course the main motive for buying at auction is a reduction in price on the vehicle. Auctions deliver when it comes to getting a lot of car for the lowest possible cash outlay and a discerning buyer who is not interested in renovation or repair can buy a near perfect vehicle, every bit as desirable as anything to be found on a used car lot, for perhaps less than half the cost.

As the auto industry introduces more and more safety procedures, making them standard for inclusion in new vehicles, insurance repair becomes less viable and more vehicles are written off as a loss, even though they are in excellent condition apart from surface scratching or minor dents. These vehicles go to auction to be snapped up by dealers at amazing prices.
Gaining access to insurance auto auctions is a simple process: simply register with an online broker and away you go. Make sure you check out credentials and that the broker is properly registered and authorized to protect your own interests. The broker will then provide comprehensive lists of prospective bargains before expertly guiding you through the buying process safely and efficiently.

source: http://www.autobidmaster.com/articles/insurance-auto-auctions-and-how-they-work/

This type of life insurance You should Know

This type of life insurance You should Know

This time we will specifically discuss about life insurance. Do you already know what is life insurance? Life insurance is a contractual agreement between you as a policyholder or insured with an insurance company as an insurer where the insurance company will pay the nominal amounts of money in case of risk of death against a party to the holder of the insurance policy. You as the insured is obliged to pay a certain amount of premium to be beneficial to provide replacement upon Your risk of death. In other words, life insurance is a type of insurance that aims to take away those against unexpected financial losses, which are caused due to the insured dies.

Life insurance can be purchased for the benefit of ourselves and on behalf of the insured only or purchased for the benefit of a third person. For example, a husband can buy life insurance with the wife as the insured, or parents can also buy life insurance with his son as the insured. There are several types of insurance, but before discussing about different types of life insurance is, it's good you know in advance some of the reasons that make life insurance is so important to you.

1. As a protection against loss of Income for the family
No one knows what will happen tomorrow, including you. To anticipate likely affected Your family and leave you nafkahi for good, You need to buy a life insurance policy so that your family can get the sum assured for life after You leave.

2. As protection risk died of diseases the main causes of Death
Based on a survey conducted the World Health Organization (WHO) in 2002, the 10 leading causes of death in Indonesia are coronary artery disease, tuberculosis, blood vessel disorders, respiratory ailments, diseases of the newborn, lung disease, traffic accidents, diabetes, hypertension, and diarrhea. These diseases are quite common, so it's important for you to have the protection of the risk of catching the disease-the disease and died.

3. One way of saving or Retirement Preparation
Save money on life insurance is the best alternative for your long term needs because of the nature of a regular premium payment, obliged, and not easily taken at any time.

There are several types of life insurance products that surely each has different benefits. Types of life insurance aims to serve a variety of needs, abilities, and purchasing power. Please note what are the different types of life insurance:

1. Life insurance Futures Exchange (Term Life Insurance)
Futures or term life insurance life insurance these functions to give protection to the insured within a certain period only. Life insurance is usually offered contracts for 5, 10, or 20 years, with a fixed premium and countless cheap.

Is recommended that you choose this kind of life insurance if you give priority to the future of your family especially children education. Suitable for those who have a need for a huge insurance costs but have limited financial ability.

If you choose this, some life insurance benefits are:

You as a policyholder get freedom in determining the magnitude of the premium in accordance with your abilities.
Sum assured that you can get as the policyholder could reach billions of dollars. That is, if the insured dies during the contract is still active, then the family of the insured will get a sizable sum assured.
Meanwhile, the lack of this type of insurance are:

The insured may lose money on premiums paid or premium charred so the contract is complete when not experiencing health problems or died until the contract is completed.
2. Whole life insurance (Whole Life Insurance)
Lifetime kind of life insurance or whole life insurance provides protection for a lifetime, even though insurance companies typically limit the benefits of the protection to just 100 years.

Life insurance is recommended for those who have no dependents and wanting more benefits than just compensation for the death, or you are interested in the idea of long-term savings. So, if you want the protection of inhabitants at a time savings for emergency needs such as paying hospital bills, you can consider to buy this type of life insurance policy.

The advantage of this type of insurance are:

Policyholders it is possible to get the cash value of the premiums already paid.
When you as the insured could not pay the premium installments periodically, you can use the cash value of the premiums already paid to pay the premiums.
Insurance premiums you have paid will not be forfeited if no claim.
When the contract ends, the sum assured will be paid at all.
Meanwhile the drawback is:

Greater than the premiums of life insurance premiums in futures, even can reach more than two times. The reason of the high premium it is because life expectancy of society Indonesia only 65 years for men and 71 years for women, so the possibility of insurance claims before the protection ended higher.
The cash value of the total premium paid is not too large because the flowers for this insurance is usually only by 4% per year, and this figure has not cut taxes.
3. Life insurance Dwiguna (Endowment Insurance)
Types of dwiguna life insurance or endowment insurance in accordance with his name is insurance that has two benefits, namely life insurance as a forward at the same time savings. This means that you as a policyholder can get the cash value of insurance premiums that you have paid in the form of sum assured if the insured dies within a certain period in accordance with the policy of the insurance policy in question and also be able to draw an insurance policy in a certain time before his contract ends.

This type of insurance is recommended for those who want to ensure the availability of more funds for the education of children, want to have funds for unexpected needs in the future, and want to have a retirement fund.

The advantage of this type of insurance are:  Choosing Car Insurance
As already described above, you can claim this life insurance policy before the contract expires, for example to fund your child's education. But withdrawals can only be made once in a period of several years in accordance with the agreements that have been made.
If for example you as the insured is still alive when the time period expires, you will get the entire sum assured.
Meanwhile the drawback is:

Because this type of life insurance has two benefits, like combining the benefits of futures with life insurance whole life insurance, so the premiums is large enough, it could reach millions of dollars per month.

4. Life Insurance Unit Links
Life insurance types of link units combine the benefits of insurance with investment, and most often offered by an insurance agent. If you are interested in investing but didn't understand about investing

Importance of Insurance education for Children

After getting married, having a child was the dream of the married couples. Presence of the fruit in the hearts of the family became a source of joy and bring happiness that is priceless. But as a parent, having a child requires you to be more responsible for his life. You must ensure the health, security and education for your child's future. Doing this is not easy, because along with the increasing cost of living nowadays, so all those things are met, would provide a challenge that is not easy to do.

There is no need to be questioned again, this time on education plays an important role in the life of the child in the future. By getting a good quality education, the chances of your child to have a bright future. The importance of education encourages each parent, including you will definitely want to let your children get the best education. But the cost of current education is very high, each year the increase in the cost of education in Indonesia is quite significant. Then, how do you carry out your responsibilities with the all-round situation it's difficult like this? One thing that will really help you in overcoming these problems is an insurance education.

Insurance Education Ensures The Future Of Children

There are many insurance products offered to the public at this time. As a good parent, You naturally think about the future of your children. Because of that, insurance education is perfect for you. The existence of insurance education, you won't need to headache thinking of ways to pay for your child's education. Because as its name implies, this type of insurance covers this one field of education that will be taken by your child. Often the difficulty comes when you have to pay for the base of your child's education. When the transition from PRESCHOOL to ELEMENTARY SCHOOL, elementary school to junior high, JUNIOR HIGH to high school, and high school to the PT, the amount of money that must be paid is quite expensive, so you need to have a mature about it. Insurance education to assist you in preparing for it. That way, your child is ascertained will be educated until College.

Insurance education for your child will be registered on behalf of the father or mother who became the main breadwinner in the family. Every month there is the cost of the premiums to be paid that the magnitude is set upon some consideration by insurance companies. We recommend that you register your child to insurance education when she was a child, due to its age, the smaller the smaller the premium is also payable. In addition, it was the age of parents is also into consideration in the calculation of the cost of the premium. If you register the insurance education while you are still at a young age, insurers will assess that you have serious intentions to provide education for your kid to College and chances are you'll pay a premium for a long time.

Another advantage of insurance education for your child is the cost of your child's education will continue to be paid even though you have already died and did not pay a premium again. This is very important, considering no one knows when his life will end. Party insurance companies will set up all the expenses related to your child's education. They will take into account the range of the cost of your child's educational needs and consider the needs of load into Your dependents as well as the cost of premiums you have to pay.

 

This Type Of Insurance Education

In education, there are two Insurance products offered, namely the traditional education and insurance education insurance link units. Traditional education in insurance, you will get only the collateral insurance of target funds will be liquid if you died. However, with the insurance unit of education links, if you as the insured dies, your child will still receive the sum assured and also results of its investments.

Insurance education links unit not only provides insurance but also provides the opportunity of investment. Most insurers recommend You to choose your insurance product link units. It is clearly visible from the simulation of difference of traditional education and insurance payments unit links they provide. Their simulation of traditional education, the insurance will be more expensive than insurance unti education links. Premium payment period is longer, but the benefits and money coverage obtained is smaller than the unit links

Not just a matter of education and their children's future, but a lot of things that should be well thought out and well prepared when you've entered the world of the family. You should be able to organise all aspects of your family life ranging from small to large and from a planned to a spur of the moment.

When you've been married, organize finances became a very important thing. Because you should always be ready in any condition that could happen at any time. Have insurance be the solution for you so you can become a reliable family financial manager. By having insurance, you're protected from a wide range of possibilities that could happen at any time, such as sickness, accident, accidents, and besides the insurance could also be intended to invest.

Smart Tips Choosing Car Insurance

You're looking for and confused in choosing a car insurance?, The following tips may be slightly into consideration not forget I attach information / offer car insurance to be a mother / father learned:

Smart Tips Choosing Car Insurance

1. Quality:
Make sure the first insurer to be selected include the category of insurance which have got prediket Best General Insurance, Indonesian Best Brand Award, Indonsian Customer Satisfaction Award. Due to this certification has been clearly shown that such insurance is reliable, trustworthy, and proven responsible in serving the customer claim.

2. Cost Own Risk (Own Risk):
Sometimes back and forth to the garage insurance is also something that makes lazy customers, especially some insurers apply the system of claim with the payment for OR (Own Risk) or the risk itself was average Rp.200.000.- there are on a per incident, per collision, and so of course it makes you burdened with having to spend a lot of claims to pay OR if frequent back and forth to the garage insurance is not necessarily the result of the work shop to satisfy customers as done by the workshop that mock or non-authorized.

3. Claims Process:
The time to process insurance claims should be examined first, there are some auto insurance claim process customer receives a convoluted once had is the one that should wait surveyornya ready lah lah, sometimes need to be debated first was when surveyed. Yet sometimes it takes a few days just to wait for SPK (Work Order) issued by the insurer so that the workshop can fix our cars. Things like this sometimes customers feel ignored and a lot of time to wait tebuang just a piece of paper / letter. Leave this process as outdated, you should select an insurance claim when an uncomplicated, fast less than 30 minutes SPK already in your hand so that you stay at to determine to what an insurance workshops.

4. Work:
Many insurers are implementing some cheap rate, but what if the work is not very good quality garage associates alias mock and do not satisfy the customer. Sometimes paint your car look even striped Betong make your car body image as if the devastating collision course ever made a sale value of your car slump. Although the customer can complain to the insurance, but how long the loss of your time wasted. Pay attention to this and choose insurance with a trusted partner workshops and official (authorized). Remember your car is a valuable asset, do not underestimate using dubious insurance services simply because of the difference in price premiums few rupiah

5. Spare Parts (Parts):
Spare parts are the most important in your car, make sure the insurance guarantees that use original spare parts and warranty. Be careful with this insurance does not guarantee that fatal consequences.

6. Responsibility Third Party (TJH / TPL) and PA (Personal Accident):
This feature should be examined carefully, because at the time the accident motorcycle collision instance crashing sometimes - sometimes the 3rd party even much heavier damage than us. Here the role of these features dipelukan, you should select an insurance liability to the three large parties so that you do not tebebebani extra cost. Likewise with personal accident protection features driver / passenger it is also very necessary. Select the insurance that is included with this feature.

7. Free Services Protection 24 Hours:
It is very, very important when choosing car insurance, many car insurance which only rely on and provide rate cheap alone but service protection is not very satisfactory, service is not 24 hours, no telephone service hard to contact even sometimes no answer, sometimes -sometimes area is also very limited protection at all times even only the greater Jakarta area alone. Out of Jabodetabek you can helm when there is a problem with your car such as breaking down on the highway because of a flat tire, need a tow, a key miss in the car, running out of fuel, etc. Leave these concerns, select insurance with a 24-hour alert and wide protection area in Indonesia.

8. SRCC (Strike, Riot and Civil Commotion - Riots, Strikes and Riot & Flood):
This insurance is highly recommended feature that can guarantee risk due to a disturbance of public order committed by a group of people, as well as the actions the authorities in cracking down on these disorders, whether related to strikes and deterrence worked, and bear political bemotif civil unrest. Also the expansion of insurance covers loss caused by the overflowing water out of the normal limit water rivers, lakes, swamps, water gate breakdown, breakdown dam, continuous rain that can not be accommodated by water channels. Flood damage includes damage to the interior, the exterior, the dashboard panel, mechanical, electrical and other damage on the vehicle bemotor insured. Select insurance which includes this feature.

9. Flexible In Payment:
Choose a car insurance premium payment is flexible, can be made by cash, transfer, or credit card (Visa / Mastercard).

Insurance tax rise makes shopping around vital

The increase in insurance premium tax (IPT) at the beginning of November – when the standard rate will rocket from 6% to 9.5% of the premium – makes shopping around for products such as car and home insurance more important than ever.

Insurance tax rise makes shopping around vital

This is because insurers offer their best prices to new customers, simply to tempt people through the door. They reckon on making their money back in subsequent years by increasing their prices when people renew.

And they often use a process called auto-renewal to increase the likelihood of a customer staying put. You can read here why we think this is such a bad practice for insurance customers.

It makes sense to become a ‘new’ customer every year by scouring the market for the best deal possible.

And with IPT shooting up by 58% in November, you need to make sure your base premium is as low as possible for the level of protection you require.

What is IPT?

- Insurance premium tax is charged on policies such as car, home, travel, pet and private medical insurance (PMI)
- Life insurance and income protection insurance are exempt from IPT
- The increase in the standard rate of IPT at the beginning of November, from 6% to 9.5%, was announced in the July summer budget
- The rise will hit car, home and PMI insurance
- Travel insurance, along with extended warranty insurance, is taxed at a higher rate of 20%
- Doom-mongers fear the next Budget might introduce a universal rate of IPT at 20%.

How will the rise affect me?

There’s nothing you can do to avoid paying IPT – and there’s very little you can do to avoid paying the higher rate of IPT if your current policy expires after 1 November.

If your policy renews before November, you’ll pay IPT at 6%.

If your policy renews after 1 November, you’ll pay 9.5%.

Even if you run a quotation now for a policy that renews next month, the premium you’re shown now will include IPT at the higher rate applicable at the point of renewal.

It’s unlikely to be worthwhile cancelling a policy that renews after 1 November in order to take out a new one in October.

You’d probably have to pay a cancellation fee – and, for car and home insurance, you’d risk invalidating any no claims discount you’d accumulated.

If I pay by instalments, will my monthly cost go up after 1 November?

No. If you’re part-way through your policy and pay by instalment, your payments after 1 November will stay the same.

It’s only policies taken out after 1 November that will attract the new, higher rate of IPT.

But what if my policy changes?

If you have to make what insurance companies call a “mid-term adjustment (MTA)” to your policy after 1 November, then any additional premium you have to pay will be taxed at the higher rate of 9.5%.

So if you moved house to an area deemed by your car or home insurer to be more risky than your old address, your premium might be increased, with the new rate of IPT being applied.

What will the increased cost be?

At the moment, for every £100 of premium, you pay £6 in tax. As of November, this will be £9.50.

On a £500 net car insurance premium, the increase would be from £30 to £47.50. Home insurance premiums tend to be lower, so a £150 combined buildings and contents premium would see the tax take go from £9 to £14.25.

It’s worth reiterating that shopping around could easily offset the increase in IPT.

We’ve found that 51% of our car insurance customers could save up to £212 by shopping around at renewal, while 51% of home insurance customers could save up to £57.

source: http://www.moneysupermarket.com/

Insurance Tips For Homeowners

Homeowners' insurance isn't a luxury, it's a necessity. In fact, most mortgage companies won't make a loan or finance a residential real estate transaction unless the buyer provides proof of coverage for the full or fair value of the property (most of the time this is the purchase price). In this article, we'll show you some simple actions you can take to make sure your homeowners' insurance is sufficient for your needs.

Insurance Tips For Homeowners

For background reading, check out Exploring Advanced Insurance Contract Fundamentals and Fifteen Insurance Policies You Don't Need.

Homeowners' insurance can be very expensive. Those that live in high-risk areas such as close to major waterways, known earthquake fault lines or other high claims areas will pay the most for coverage. In fact, those in high-risk areas are often forced to pay annual premiums in the many thousands of dollars. But even homeowners in relatively sedate, suburban neighborhoods (with property values around the national average of $210,000) could pay between $500 and $1,000 a year for a basic policy.

SEE: Understand Your Insurance Contract

The good news is that although you can't (and shouldn't) avoid purchasing homeowners' insurance, there are ways to minimize the cost.

Here are six ways to make sure you get the right coverage and consequent compensation for your home:

1) Maintain a Security System and Smoke Alarms: A burglar alarm that is monitored by a central station, or that is tied directly to a local police station, will help lower the homeowner's annual premiums, perhaps by 5% or more. In order to obtain the discount, the homeowner must typically provide proof of central monitoring in the form of a bill or a contract to the insurance company.

Smoke alarms are another biggie. While standard in most modern houses, installing them in older homes can save the homeowner 10% or more in annual premiums. Of course, even more importantly, in case of fire, they could save your life!

To find out more about homeownership, see A Tax Primer For Homeowners and Mortgages: How Much Can You Afford?


2) Raise Your Deductible: Like health insurance or car insurance, the higher the deductible the homeowner chooses, the lower the annual premiums. However, the problem with selecting a high deductible is that smaller claims/problems such as broken windows or damaged sheetrock from a leaky pipe, which typically will cost only a few hundred dollars to fix, will most likely be absorbed by the homeowner.

3) Look for Multiple Policy Discounts: Many insurance companies give a discount of 10% or more to their customers that maintain other insurance contracts under the same roof (such as auto or health insurance). Consider obtaining a quote for other types of insurance from the same company that provides your homeowners' insurance. You may end up saving on two annual policy premiums.

4) Plan Ahead for Construction: If the homeowner plans to build an addition to the home or another structure adjacent to the home, he or she should consider the materials that will be used. Typically, wood-framed structures (because they are highly flammable) will cost more to insure. Conversely, cement- or steel-framed structures will cost less because it is less likely to succumb to fire or adverse weather conditions.

Another thing that most homeowners should, but often don't, consider is the insurance costs associated with building a swimming pool. In fact, items such as pools and/or other potentially injurious devices (like trampolines) can drive annual homeowners' insurance costs up by 10% or more. This may seem like a small price to pay given the joy these items bring, but it is still something that should be considered by the homeowner prior to purchase or construction.

5) Pay Off Your Mortgage: Obviously this is easier said than done, but homeowners that pay off their mortgage debts will most likely see their premiums drop. Why? The simple reason is that the insurance company figures that if you own the home outright, you'll take better care of it.

6) Make Regular Policy Reviews and Comparisons: Investors should, at least once per year, compare the costs of other insurance policies to their own. In addition, they should review their existing policy and make note of any changes that might have occurred that could lower their premiums.

For example, perhaps the homeowner has disassembled the trampoline, paid off the mortgage, installed a burglar alarm or installed a sophisticated sprinkler system inside his or her home. If this is the case, simply notifying the insurance company of the change(s) and providing proofs in the form of pictures and/or receipts could significantly lower insurance premiums.

Look for changes in the neighborhood that could reduce rates as well. For example, the installation of a fire hydrant within 100 feet of the home, or the erection of a fire substation within close proximity to the property may lower the homeowner's annual premiums.

Additional Items
The following are characteristics that all homeowners' insurance policies should carry:


Guaranteed Replacement Value Insurance: All homeowners should buy "guaranteed replacement value" homeowners insurance. This means that their home will be rebuilt in the event of a disaster - no matter what the cost. Of course, many of you may be thinking that this is what would happen anyway, right? Wrong. Because home values have increased substantially in recent years, it probably costs more to build a house than when you originally purchased your home and your insurance policy. The good news is that guaranteed replacement value policies will absorb the increased costs and provide the homeowner with a cushion if construction prices increase.
Endorsements: Legally speaking, an endorsement is an amendment to the basic homeowner's policy. Practically speaking, it is a way for homeowners to ensure that their high-priced possessions will be insured in the event of a disaster.For example, a woman wanting to insure her diamond engagement ring would obtain an endorsement to her homeowners' policy in order to prove not only that she owned the ring, but also its value. She would do this by obtaining a formal appraisal of the ring from a jeweler, and then sending the appraisal to the insurance carrier for special notation on the insurance contract. Formal endorsements such as these will help in the claims process and ensure that the homeowner gets the full dollar value of the item if it is lost, stolen or damaged in a disaster. Typical items that are endorsed in addition to jewelry include furs, antiques and collectibles.
Wrapping It All Up
To avoid any discrepancies and any delays in receiving your insurance money for your home, make sure you document everything. Photograph and videotape the entire contents of your home and the home itself. Then store these photos and videotapes in a fireproof box. In addition, consider storing a copy of the photos at a relative's house, and/or in a safety deposit box. Doing this will help homeowners compile an inventory of their possessions (which is what the insurance company will demand) after a disaster. It will also, by extension, dramatically shorten the length of the claims process if a disaster does occur.

Homeowners' insurance is a necessity.  Insurance Tips For Homeowners There are ways to save money, but there are also some features that homeowners shouldn't skimp on. Make sure you know the difference.


source  /www.investopedia.com/articles/pf/07/homeowners_insurance.asp#ixzz3urpJZz3Z

Fall tips to prevent insurance insurance claims

During the fall months, as we wait for winter, we may face freezing rain, ice and snow.

Slip and fall injuries, frozen pipes, ice damming, and roof collapse due to inclement weather are a few of the claims that can occur.

Here are some tips on protecting your family and property during the fall months that may help you avoid a potentially unnecessary headache:

-    Have your furnace or boiler system checked and inspected prior to the start of the heating season.

-    If applicable, have your chimney(s) cleaned by a professional prior to using your wood burning fireplace or stove.

-    Have a roofing contractor check the condition of your roof and fix any problems. This includes the flashing and seals around the chimney and skylights.

-    Remove leaves from eavestrough and downspouts. This will allow water to properly drain away and prevent water from entering your home. If the downspouts discharge to the ground surface, they should extend to reach at least three feet away from the side of the house.

-    Tree branches overhanging your home or power lines should be trimmed or cut. These branches may fall off causing damage during a sever snow or ice storm.

-    Keep exterior stairwell drains clear. This will prevent water from pooling and seeping into your basement.

source: http://www.obj.ca/


-    Secure and store away patio furniture and barbecues. Items left outdoors can be damaged during a storm.



-    Do not store propane tanks indoors or in attached garage areas.

Even if we all do our best to prevent damage in our home, there is still a chance that it may occur> Here are some of the general guidelines on what to do if this happens:

-    Make sure you, and your family, are safe.

-    Call your broker to report the damage.

Taking all of this info into account, it is important to remember that prevention is not only an insurance concern; it will also help maintain the value of your home.

By Terry Markell

Content in this article is for information purposes only. We recommend always contacting a licensed professional for home maintenance needs.

Role of insurance in time of economic crisis

The economic crisis could hit any country in the world, Indonesia was no exception. The crisis will have an impact on all aspects of which resulted in a rise in prices on the market economy also included health care costs will continue to experience the impact of the crisis. The role of insurance in times of economic crisis is very helpful at a time when one has to undergo medical treatment at the hospital. With the cost of a policy in pay each month, customers will get insurance benefits so do not need to sell it to pay the costs of the hospital.

Major insurance companies such as Prudential, AIA, and Commlife is the company that many believe Indonesia society as responsible and insurance professionals. It's good at a young age we register as a customer of insurance so that in the next 10 years we have enough savings to make venture capital also get cover until a ripe old age.

The magnitude of the savings investment policy we can adjust, as an example of the cost of 500 thousand dollars could be in store for the cost of cover of 300 and 200 thousand long-term savings. On the insurance value of savings is moving based on share prices therefore choose a winning stock which always increase so that the value of investments will continue to grow. So in insurance value in investing is not one flower but we invested stock value, select shares the most potential and be sure you consult first with the insurance agent before purchasing a policy.

Understanding and kind of insurance the insurance of motor vehicles

Motor vehicle insurance is insurance that can take all types of motor vehicles, including car insurance and motor insurance. The following is a description of motor vehicle insurance:

1. ANYTHING CAN BE INSURED?

Two-wheeled motor vehicles (motorcycles, scooters and the like) four or more wheeled vehicles (sedans, jeeps, trucks, minibus) including accessories or additional equipment attached to the vehicle.

2. What are the RISKS GUARANTEED?

In accordance with Standard motor insurance Policy issued by Indonesia Insurance Council of Indonesia, this insurance policy losses or damage to motor vehicles caused among other things by:

a. collision, collision, reversed and slipped or crashed

b. the evil deeds of others

c. Theft including theft that is preceded or accompanied by violence or the threat of

d. Fire due to lightning strikes

e. damage during vehicle in crossing using a ferry run by the Directorate General of Land Transportation

f. cost of crane

Motor vehicle insurance policy also ensures risk responsibility to sue (legal liability of the insured to the third party) where third party suffered losses that are directly caused by a motor vehicle that is insured by the terms have got written consent from penangggung. The losses experienced by third parties can be a property damage or injury to the body or death. In this risk also includes the risk of responsibility on covered are fees or the cost of the expert assistance that was approved earlier by the insurance.

3. Is THERE a RISK that is NOT GUARANTEED?

Risks that are not guaranteed to be written clearly in the terms that are in the policy, among other things:

1. Loss of profits for the vehicle can not be used due to accidents

2. Loss due to embezzlement

3. Loss of or damage to ancillary equipment or non standard that is not mentioned in the overview of the polis

4. Due to the evil deeds committed by the insured or the insured's family

5. Vehicles used for practice driving, racing, campaign/Carnival, criminal

6. Excess charge

7. The driver does not have a DRIVER'S LICENSE or violate traffic rules

8. Freight charge in the vehicle

9. Due to natural disasters or wars and the like

4. What FACTORS AFFECT the PREMIUM TRIBE?
When spelled out of two types i.e. closure or extensive warranties, insurance of motor vehicles has two types of closure, that is no guarantee of Total loss or Total Loss Only, and comprehensive warranties.

Guarantee of Total loss (All Risk) is a type of insurance that took away the vehicle is lost or stolen-vehicle accident which cost the fix is estimated to be at least 75 percent of the price of the vehicle.
Comprehensive guarantee can be said to be almost similar to guarantee Total loss only no minimum estimate repair costs.

There are several factors that affect the magnitude of the premium, for example:

1. The type of the selected assurance (comprehensive or total loss)

Don't waste the SIM Holder for Insurance

In fact, the driver shall not be required to follow this insurance. It's just that sometimes, drivers have no choice or not get the information that the insurance was only an option, not mandatory.

The head of the Subdirektorat Education and Engineering Directorate of the Polda Metro Jaya Traffic Assistant Commissioner Ipung Purnomo said, insurance is still there so the driver suffered a traffic accident could make a claim.

"Insurance claims (PT ABB) is still there," Ipung said when contacted by the Kompas.com, Wednesday (12/8/2015).

These are used to claim insurance if an accident resulting in permanent disability drive away or died.

To file a claim filing process, the driver must qualify. First, the driver must coordinate with the insurance.

"Later checked, this is true because of the crash or why. Later also seen have SIM or not. If he didn't have a DRIVER'S LICENSE, right means he did not enter insurance Bhakti Bhayangkara, "Ipung said.

For the filing of the claim, first, the insurance officer report to PT Bhakti Bhayangkara in each satpas. Then, attach a certificate from the authorities in the form of affidavits from the traffic accident to the local Satlantas, death/disability/hospital expenses, photocopying LICENCE and insurance card is concerned, and the demands of a legitimate heir in case the insured dies with visum et repertum is accompanied.

Based on data from the official website of PT PT Office ABB, ABB Palatehan street No. 5, Kebayoran Baru, South Jakarta, with telephone number (021) 7204021 and fax (021) 7203306.

It applies the same insurance card with the SIM, i.e. over five years. A/B LICENCE holders who died of traffic accidents get maximum coverage an additional Rp SIM holder C and Rp 2.000.000.

Choosing the right Insurance for toddlers

Health is something that expensive have become proritas for many people then that more and more people are beginning to also keep his health conscious then it is to have the best insurance considering the health costs are not cheap and feels heavy to pay if we do not take into account early on.

First, to maintain the health of the fruit of the heart that is still a toddler surely insurance is the right solution in the answer the needs of health for the baby who is still prone to health problems.

In this case required a few tips so that you can choose the right insurance for your child as material considerations before you buy this type of insurance for toddlers.

Understand about health insurance mandatory insurance i.e. toddler provide facilities as well as services to support the health needs for the baby such as vaccinations, outpatient or inpatient.

The name of the companies belonging to the important part to consider karna the great companies that could become a benchmark of professionalism in processing the claim.
Get information about what types of disease ditangggung by insurance companies and also know about class treatment if the toddler was forced to undergo hospitalization VIP class or class 3 which will be obtained.

Check the kelenggapan health insurance which guarantees the vaccinations, outpatient & hospitalization.
The choice of more facilities for your toddler's health will you get when you have information about a hospital that became the partner of the insurance company of your choice

Customize with your financial ability.

Such articles as tips on choosing insurance insurance for your toddler may help when a toddler in his illness.

Tips on choosing health insurance

The cost of a life that is increasingly high, makes a lot of people to vote with insurance diusia young. Of course this will have an impact for both, because usually choose insurance at a young age. Choosing health insurance for example, indeed right at a young age to apply for this insurance, because it is very useful for saving in the future, of course.

Choosing health insurance certainly is not just at a young age, there are some tips you need to consider before choosing and buying insurance, namely:

Choose health insurance Healthy while still Choosing health insurance is indeed a good idea at the time were healthier physical and spiritual, this is because insurers will reject the application for insurance that you submit when you're sick. Because as we know, the insurance is one that might be detrimental or beneficial to the customers.

Select A Policy to be with those of you who like to plan to select health insurance, there is no harm
to apply for a policy options with the family. Because for those of you who already have health insurance, surely this is very important for a child, wife, or a parent. Its profits if you buy a policy is cheaper than if you bought each one policy for the family. Well, the right choice is to choose the unit link insurance products can usually one polis to be together.

Select the Insurance Provider Can Ask Double Claim it doesn't hurt to just in case when choosing insurance, because normally most people would buy or receive two insurance at once. Health insurers typically do not want to receive hospital receipts without legalisisr, and it's what makes your claim is threatened. Well this may not be the case if your chosen insurance receive double claim. Before she bought, it's good if you ask this directly to the insurers.

The bottom line before buying health insurance, it's good you more understand about insurance that you will buy. Because usually, a lot of clients who don't get it too clear about the insurance he had bought. May be useful.

Which insurance priorities and Not

Many insurance products offered, however you may thus confused, what type of insurance a must have and which type of insurance is actually not very priorities. This is the answer.
Insurance: Where are the priority and not

It all depends on the needs, "said Mohammad Firm financial planner from the Financial to the QM smart wallet. In General, it is recommended to have insurance because of its usefulness as a risk of diversion. But when asked which type of insurance, compulsory belonged to, Fast says, it all depends on the needs of each individual.

He gave an example, to people who have income and dependents, then compulsory insurance is the share of life insurance. This type of insurance is in charge of replacing the lost revenue when the owner dies. With a replacement income, then the family left kept feel financially secure. "Children can still remain school, the couple also could still would be sure his needs," said Teguh.

Another case with a person who is still single. Although he has had an income, but if you don't have dependents, then it has not been necessary to have life insurance. It would be better if the money allocated for other things.
If the recommended life insurance Firm for the people of yan had a dependent and have an income, then another case with health insurance. According to him, this type of insurance must be owned by all the people. Why? Because of the risk of developing health problems can happen to anyone, with any status and whenever.

It is also by Andy diamini Nugroho, a financial planner from MRE Financial & Business Advisory. "Even should, be subject to the new first ill have health insurance. But perception behind, got health insurance used to be just in case when the pain comes, "he said. That's because health insurance will help ease the burden of health costs to be borne. Even greater benefits, namely insurance that will menaggung the financial burden caused by the pain.

Speaking of needs, then Andy, also agreed that the priority of insurance ownership should also be seen from their needs. When one man who has been married and has assets in the form of a car, then it is recommended in addition to life insurance and health insurance, then the vehicle is also required.

Once again, the Insurance Act as over risk. On car ownership, the risk that may occur is the accident that could result in a broken car. Well, if a disaster occurs, then the asuransilah will replace the repair costs.

If the last is already dealing with the priority of insurance, then the insurance, what is not? Andy exemplifies the health insurance. Wait a minute, is Andy is double health insurance cover.

He illustrates like this, to an employee, generally health insurance dues have been paid by the company. That is, the transfer of health financing had already been fulfilled. But a lot of Genesis, despite already having health insurance from a company work, a person still has other health insurance. The reason for the double cover.

"But often it happens, she has other health insurance because it's not tasty or ati equal brothers, a friend who became agents," he said. According to him, if indeed feel unnecessary, you should dare to say no. Because who knows the priority ownership insurance for you and your family are your own.

Understanding The Full Benefits And Life Insurance

Understanding the full benefits and life insurance – life insurance is an insurance that aims to take away those against unexpected financial losses, caused by the death of her life too fast or too long. Or the definition of life insurance is a contract agreement between policyholders with an insurance company or insurer, which pihakasuransi promised to pay nominal money in case of risk of death against the holder of the insurance policy/party.

 

 

Types of life insurance policy

Life insurance has various types of products, in which each of the types of products that have different benefits. many types of life insurance product aimed to serve a variety of needs, abilities, and purchasing power.

 

• Futureslife insurance(Term) isa policythat isthe simplest andthe least expensive.Thispolicyis usuallytakenfor a certain period, for examplebetween10, 20 or30 years.Its purposeis toprovidetemporaryneeds, such aseducation, housing, mortgage payments,and so on.Typesofproductis suitable foryou whohave a need fora hugeinsurancecosts, but willonly havelimitedpurchasing power.

 

• Whole life insurance(Whole Life) isoneof the basictypes ofPermanentlife insurancethat provideslifetimeinsuranceprotectionfora person.If youwant tobenefitmore than justcompensation forthe death, oryoulike the idea oflong-termsavings.If youwant theprotectionof the soulat the same timememilikiisavings foremergency needs, such asthe cost ofhospitalbills.Or,if youwant to get a growthcapitalinvestment,youmight considerbuyingthisinsurance policy.Butbe prepared topayhigher premiums,life insurancethan onfutures.

 

• Life insuranceDwiguna(Endowment)is atypeoflife insurancethat givestwoadvantagesat once.The firstbenefitsin the form ofthe acceptance ofa certain amount ofsum assuredif the insureddied/died,withina certain time periodin accordancewith the policy ofinsurance policyyoupurchased.Secondly,if the insuredis still alivewhenthe time periodexpires,the insuredwillget all of thesum assured.

Before you buy a life insurance policy, you are advised that it may seek more information or as many on several insurance companies, then you compare the protection afforded by the premiums to be paid. Also need to be considered, how many family members who became dependents you, and inventarisir required for the educational needs of the child.

 

 

Insurance Link Units In Indonesian

This type of insurance is the most widely sought after by people in Indonesia is currently the Insurance Link units, according to the life insurance Association (AAJI) Indonesia in 2010 said that investment-linked products most sought after which 32,85 Rp mengontribusi trillion managed or 62,41%. Almost all large insurance companies in Indonesia have this product there are even a few foreign insurance companies in Indonesia who only sell insurance products Unit links without selling traditional insurance products.

 

 

 

Insurance unit link insurance is associated with investments, which combines protection and investment, with the saving period is shorter with a high investment results. Unit linked life insurance in addition to providing the benefits of life insurance protection, also provides the opportunity to participate directly in the investment especially in mutual funds.

The life insurance Unit of the Link makes it easy for the customer to manage the Financials so no need to go to two companies namely, insurance companies and investment fund management company, because with this protection and investment products already packaged into one. Even borrowers who have mediocre earnings can easily get protection and make an investment because it can be done with the total value of the investment is relatively low.

Life insurance product Link units also have high liquidity since value investing so far insufficient may be taken by the customer at any time, even after a certain period the value of this investment can be used to pay the premium basis so that the customer can do leave a premium.