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A good dental insurance policy can make your smile brighter
Dental insurance is a type of insurance in which the beneficiary and the policy provider agree on a plan in which the policy provider pays for the dental services used. This dental service can be from the dentist, dental hygienist or any other...
Home insurance aspects
One should never shy away from ensuring the security of one’s dream home by providing it with a home insurance coverage shield. Homeowners insurance covers more than only the structure of the house by protecting the homeowners and anyone named on...
Life Insurance No Medical Exam - Is It Really Possible?
Quite often you feel that an ad for life insurance no medical exam is trying to rip you off. However, it is possible to get life insurance no medical exam when you shop online for your life insurance needs. It is only a click away on a computer, but...
Need Insurance for Self Employed?
If you are either self employed to unemployed, you know how important insurance can be. Are you paying top dollar for COBRA? I was too for a while until I found a great and easy website to shop for Insurance. I am sharing this with everyone so...
Understanding Insurance Fraud
Insurance fraud is the second costliest white-collar crime in
America, after tax evasion. It is estimated that $80 billion is
paid out each year in fraudulent insurance claims. It is
estimated by the Coalition Against Insurance Fraud that...
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Insurance: The Common Insurance Points
Most people will be familiar with insurance in some form or
another. We all have taken out home insurance, car insurance or
credit insurance among others. Insurance contracts are long and
complex documents with a lot of small print. Sometimes even a
lawyer would get lost in the complexities involved in them.
However, there are a few features that all insurance contracts
must have in common.
All insurance contracts will cover a chance event that may or
may not occur. This is the risk you are insuring against. The
event may be a fire in your home, a car accident, medical costs
or virtually any other event. The sole exception to this is life
insurance, which covers your death. This is an event that is
bound to occur, however, it is the timing of death that is
uncertain here.
There must be some quantifiable economic loss. Insurers will
take on risks, but they must be able to quantify and predict the
loss involved. The insurance company must be able to know
roughly what kind of loss will be involved should the event
occur. The loss must be quantifiable in monetary terms. For
example, you may be able to insure yourself for medical expenses
or a new car, but not for the sadness you experience as a result
of an accident.
The loss must be definite. Again, insurers must know what kind
of financial risks they are taking one; otherwise they will not
be able to set the price of the premium.
The loss must be significant. The financial cost of the insured
risk must justify the administrative costs of the insurance
contract. Suppose you want to insure a racehorse. Someone will
come from the insurance company, assess the value of the horse,
write up a contract stating what's covered and what conditions
you must meet, calculate the premium and issue the contract.
This will be worth all the effort for a valuable racehorse.
However if you wanted to insure your goldfish, it would be
difficult to justify the effort involved in setting up the
contract.
The loss must not be catastrophic. What is catastrophic will
depend on the size of the insurer and the assets they have
available. But the insurance will not be worth anything if the
loss is more than the insurer could afford. For example,
insuring against an earthquake will often be impossible as the
losses, should the event occur, would be impossible for the
insurance company to ever pay out.
About the author:
Joseph Kenny is the webmaster of the insurance site http://www.insure121.com/
where you will find information, news and links to the leading
providers of insurance in the UK. If you found this article
interesting you may find more articles of the same nature in the
insurance
guide located on site.
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| Insure.com Car Insurance Quotes, Term Life Insurance Quotes, Auto ... |
| Insure.com provides instant online car insurance quotes, term life insurance quotes, auto insurance quotes, health insurance quotes, home insurance quotes, ... |
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| Insurance - Wikipedia, the free encyclopedia |
| It cannot put the insurance company in financial jeopardy. ... If the insured does not perform then the insurance company does not have to perform. ... |
| en.wikipedia.org |
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| Insurance Center - Protect and insure your assets with comprehensive resources about auto, home, health and life insurance. |
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| America's #1 online insurance agency. Compare instant auto insurance quotes, car insurance quotes, life insurance quotes, home insurance quotes, ... |
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| Home Insurance Quote, Car Insurance Quotes, cheap Travel Insurance, Pet Insurance, Business Insurance. Up to 15% discount for buying insurance online. |
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| Direct Line offer car insurance, home insurance, life insurance, travel insurance, mortgages, personal loans,breakdown cover and much more! |
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| State regulatory authority. Site provides information for consumers, producers, and the insurance companies themselves. |
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| Regulates the state's insurance industry, encouraging competition to make insurance available and affordable. [some content available in Spanish] |
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| Informationa about all Life Insurance programs administered and supervised by VA. |
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| Get free auto, health, life and homeowners insurance quotes from top insurance companies in the country. Find the latest news and information related to ... |
| moneycentral.msn.com |
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