Monday, July 24, 2006


Wrap-Up Insurance

A Wrap-Up Insurance program is all about covering the contractors and their subordinates associated with a huge construction project. This policy could be easily procured with the help of an insurance broker and accounts for workers compensation, general liability, and also the immense risks associated with the construction processes. The names of all the contractors and their subordinates usually get enlisted as 'insureds' within such a policy. In order to cater to the long awaiting question of construction defect/general liability claims, the GL-only wrap-ups are now coming up in states with workers' compensation troubles.Planning has therefore become an absolute necessity to see through the success of any wrap-up insurance program. Thus an unforeseen challenge is emerging out of a key success derivative in the form of skillsets aimed at program design, implementation and administration procedures.

Friday, July 21, 2006


Get your Flood Insurance !

Flood Insurance is an insurance which offers you coverage for any flood damage. Mostly the insurance companies that take part in the National Flood Insurance Program (NFIP) offer this insurance. NFIP is a joint effort from both the Federal Emergency Management Agency (FEMA) and the private insurance industry. Flood insurance protects you from getting your home and personal belongings damaged by the flood waters. The use of this type of insurance has increased with time since the homeowner policies do not cover for people who reside in places affected by floods.


Insurance Quotes know-how

Insurance Quotes are now available online all over the world ! Some of the toppers in this industry are regarded as the pioneers to offer instant insurance estimates. The perfect way to judge a quote from amongst a variety is to look for the one which offers you the best coverage at the cheapest possible price. With the passage of time shopping for the insurance quotes have become easier since it can now be done online. Before you try out purchasing an insurance policy online, see that you compare various online insurance quotes, check and analyze the details of different quotes available. But at the sametime you also need to keep it in mind that while hunting for the cheapest quote you should keep an eye on its quality as well. Thus comparison-shopping online helps you achieve some of the quotes and coverages which in turn helps you determine the best insurance policy for you and your family.

Wednesday, July 19, 2006


Keyman Insurance

Keyman Insurance is a form of life insurance affected by a company as an assurance to compensate for any financial loss suffered by the organisation due to the death of a key employee. This insurance only accounts for the benefits stated in the plan of assurance and does not cater to the indemnification of any loss incurred. The growth and prosperity of certain organisations are directly associated with the expertise of their technical support and directors. Thus the organisations are bound to face a financial crisis due to the untimely death of such key employees. But the computation of the exact amount of sum assured is never an easy task. The appropriate amount of such coverage is assumed upon the amount of loss to be suffered by the company in the event of a key employee's death including the expenses that the organisation would incurr towards hiring and training a replacement. Thus we may arrive at the Keyman Compensation Package by assuming it to be ten times the annual compensation [Annual total salary + Bonus + Notional value of perks(Invariable 30% of Annual Salary)] offered to the Keyman as the maximum sum assured under the policy.

Tuesday, July 18, 2006


Credit Insurance is still expensive !

Credit Insurance can be defined as an insurance policy that benefits a borrower in terms of a loan or credit line reimbursing all the monies owed by him in the event of his death, disability, or unemployment. The monthly premium associated with this type of insurance is calculated upon the balance owned by the borrower or the credit line or loan offered to him. This is a form of insurance where the insurance premium is largely affected by the effectiveness with which the lender is handling it. Credit Insurance is usually a more expensive means of covering one's credit balance than the Term Life Insurance policy or Disability Insurance Policy. The sub prime lending industry indulges in a different form of credit insurance known as the single premium credit insurance where in the borrower is needed to payhe premium only once during the issue of the loan. Large corporations often purchase another form of credit insurance known as the Trade Credit Insurance in order to protect their accounts receivable from loss due to the insolvency of the debtors.

Monday, July 17, 2006


Payment Protection for the UK

Payment Protection Insurance would cover you for all those necessities as the mortgages, loans, credit/store cards or catalogue payments etc. by way of your monthly repayments in the event you meet with an accident or a certain illness where in you are not being able to work or turn jobless. Under these circumstances, the insurance company would pay for your monthly repayments or a part of it for a considerable period of time. This coverage also helps you even at the uncanny alterations of your personal circumstances. But it is all the more important to remember the period of time for which PPI remains activated, usually up to 12 months or 24 months. It is possible for you to make claims even after this period gets over, if it is said within the terms and conditions of your policy.

Wednesday, July 12, 2006


The Dollar Plan

The Dollar Plan is a vital form of protection against the declining value to damage that results in a less crop produce. The amount of insurance is calculated upon the cost involved in growing a crop over a certain area. Incase the annual crop value turns out to be lesser than the amount of insurance the outcome is a loss. The actuarial document in this respect bears the maximum dollar amount of the insurance. It is upto the insured to choose a percent of the maximum dollar amount worthy of the CAT (catastrophic level of coverage), or may be the additional coverage levels. This plan is offered for several crops like the fresh market tomatoes, strawberries, and cherries on the basis of a region-specific pilot program.


Livestock Insurance

Livestock Insurance is a vital form of risk management strength. Producers should lay the focus towards maintaining a functional equality between all of their risk management strategies along with this policy. This has to be there in place in order to ensure a better outcome every year. The livestock farmers along with the livestock insurance agents and other associate industry specialists should chalk out a plan for both of the private and the public sectors towards designing the best risk management plan.


Currency Insurance

Currency Insurance enables you to pay a premium towards fixing a pre-approved exchange rate at a particular date in the near future. Incase your dollar goes up by that pre-decided date, you may have the assurance that you may still buy or sell your dollars at that exchange rate. But on the other hand if your dollar value falls, you're not obliged towards your Currency Insurance and may still get the benefits of a lowered dollar value. Hence you are always in a win-win situation. Therefore its worth saying that your currency insurance might protect your returns from a higher dollar value and also benefits with a fallen value !

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