Recent Posts

Insuring Sporting Goods

Jan 13, 15 Insuring Sporting Goods

While it’s important to get some insurance for yourself if you plan to play any competitive sports that have a real possibility of causing bodily injury or harm, you can’t discount the need to insure your equipment as well. Sporting goods, especially grappling dummies in the case of martial arts classes, should probably be insured if there is a good chance they too might become damaged. Naturally you can avoid all this hassle for items which are easily replaced – balls, pucks, bats and the like. But if your equipment costs enough, then you need to do yourself a favor and get it insured.

There are ways to cut down on the costs of insurance too. One of these, a very easy one mind you, is to get exact numbers and amounts for items to be insured. Some agencies won’t offer a policy at all without specific information, like the number of dummies to be covered, for instance; others will just give you a “usual” exceedingly high rate to cover them, regardless of how many items you actually need insured. By providing accurate counts, you can avoid overpaying for insurance, as well as make shopping around between different providers a much simpler and more streamlined process.

Nailing down a specific amount paid per dummy will also help you to get lower rates from an insurer. Generally, less expensive things will cost less to insure, because they will cost less to replace in the event of damage, loss, theft or another unfortunate event. If you check at websites like http://grapplingdummyinsider.com/ you can find information about some of today’s most popular grappling dummies, including price points. Naturally, you’ll want to shop around to find the best purchase price, just like when buying anything else. Lower prices tend to mean lower insurance rates.

In general, new products cost less to insure than aged ones. Because replacement parts and even replacement items are more readily available for items of more recent manufacture, it’s easier to repair of replace them and so the costs of doing so are less. While you might save some money up front by going with used or damaged dummies, they will no doubt hold up under the regular abuse of punches and kicks to a lesser degree than newer dummies. Only you know your specific needs, but if you need something which will last a long time and cost less to replace when it finally does break, try newer dummy.

In these ways, you can reduce the cost of insuring sporting goods. While the tips given were certainly directed to grappling and physical training dummies, they apply to practically all sporting goods – as well as just about anything else you might want to insure. Exact numbers, figures and costs provided up front will get you more accurate insurance premiums and newer items are generally easier to replace or repair than older ones, so keeping these two points in mind when you’re looking to insure your goods will make the process both cheaper and easier.

read more

Home Insurance For Plants And Gardens

May 06, 14 Home Insurance For Plants And Gardens

Garden at backyard or front yard of a home can create excellent landscape and make the home distinguished from others. In the same way, plants at home improve the look of the house as well as let you live healthy. More and more people, therefore, are showing their interest in gardening or plantation at home. It might be a hobby for many, but passion for several others. However, one thing is certain for everyone – that is – everybody who does gardening or plantation at home, loves every single plant or element of their garden. That is why people do not hesitate much to spend huge amount of money in gardening or plantation at home.

CARE AND BE AWARE!

However, your beloved plants or garden might be damaged or harmed due to several unexpected incidents like theft, adverse weather, accidents etc. It is not very tough for a buglar to steal one of your expensive and favorite plants from your home or garden. Potted plants or hanging baskets are quite easy for thief to steal. Besides, newly planted tree can easily be removed. Availability of plant stolen market inspires such kind of theft even further.

beautiful gardenApart from theft, there are several other causes that could harm your garden or plants.  Your plants or different elements of garden such as fence, pond, wall, gate, fountain, rockery etc. could be damaged because of falling tree, fire, flooding, and storms or even because of car crash. That is why it is important to insure your plants and garden.

Of course insurance will not cover for your plants if they die because you forget to water them or some other faults made by you. On the other hand, if you use LED or any different kind of grow lights for you plants indoors and something goes wrong with the grow light itself, that can cause fire or any other risk for you or your plants, insurance can cover that.

Otherwise, insuring plants and garden is very good thing to do to get the cover to replace any plant or garden element. Home contents insurance policy could cover for your expensive plants and different elements of your garden. Not all the contents insurance will cover all the garden features. Such insurance policies also vary widely between different insurers.

It is wise to check what will be covered before you opt for any policy to cover your valuable plants and garden features. Though some insurers do not cover them at all, you may ask for including such things with an extra bit of monthly payment. The amount you need to pay per month for such insurance depends mostly on the plants or garden features you want to include in. However, that amount is worth to pay to protect your expensive plants and garden features.

SATISFYING RESULT WORTH TIME&MONEY

The items that you may include in your home contents insurance policy are – plant, shrub, tree, lawn, hedge, fence, gate, wall, trellis, ponds, fountain. You might have invested a lot of your time, labor and money on above mentioned items in your garden or home. And you do not want them to be spoilt without getting any cover. That is why insuring them with home insurance is good thing to do if you are a plant or garden lover. But do not forget to check every details of such insurance before you go for it. Make sure the insurance covers everything you need. If not, talk to them to include whatever else you need.

photo credit: ukgardenphotos

read more

Intro to Insurance

There are so many insurance companies and policies which are committed to ensure full or partial financial compensation for the loss or damaged caused by accident or event.  Question may arise which one is the best for getting that opportunity. To select the right insurance policy isn’t easy but very complicated.

This information oriented website developed for general people is to provide you details of various insurances and their products.  From here you can easily get the way of how to purchase, how to manage or maintain insurance policies. This website can also assure you of not associated with any insurance company but give you much more information for selecting the best and auspicious insurance policy. This is because it is worth saying that our website is unbiased, neutral and only for general people who are concern of selecting insurance policy.

The information on this site is arranged and collected through much more research and hard work of our devoted team. Bellow are listed major types of insurance that are available to you:

read more

LIFE INSURANCE

Feb 20, 14 LIFE INSURANCE

The main purpose of life insurance is to protect against the loss of income in case of client’s death.  As a result, life insurance plays as a great policy for getting assurance or protecting your beloved one with a large amount of money in the event of your death or terminal illness.

A lot number of people are daily engaged in this kind of insurance because of its unique advantage. It is true that everyone wants to be sure or free from tension in the event of his future. This is because none can know whatever will happen in that time. If you die, what will happen to your family or beloved? It is a matter of concern that can help you to find out the desired one.

There are many life insurance companies found in any country. Every life insurance is based on commitment or mutual contract between an insurer and insurance policy holder. According to their commitment, insurer assure to pay a large amount of money in the event of insurance policy holder’s death or terminal illness and the policy holder usually pays as committed. “Getting peace of mind” is the most benefit for the policy owner, in understanding that the death from the insured person won’t result in financial hardship for loved ones and creditors.

read more

CAR INSURANCE

Feb 20, 14 CAR INSURANCE

Car insurance is insurance purchased for cars, motorcycles, trucks and any types of road vehicles. Its main purpose is to provide coverage for physical damage caused by traffic collisions or any other road accidents. If you have a car, you may already know a little about car insurance and you may also have heard about deductible or premium. But there is something about different parts of car insurance policy and the way of choosing right coverage you may not know properly.

So, to get the best car insurance is a matter of justifying by following some laws for coverage that can help to protect you in the event of an accident.

Some definite things car insurance can assure are given below:

read more

Special Insurance

Feb 05, 16 Special Insurance

There are some types of insurance which are good for pretty much everyone. Homeowner’s insurance, life insurance, health insurance; these are the types of insurance that just about anyone can benefit from having, and that just about anyone can use to save money and be covered (or cover someone else) in the event of a mishap. But there are also special insurance types which are highly viable for specific people, but practically useless to everyone else. Here, we’ll cover a few different types of special insurance you may or may not already be aware of. Consider this an educational piece if you will.

First, take a look at tool insurance. While it’s true that many people own and use tools regularly, the ones who really get hurt the most when their tools break are the ones who use those tools for a living. Handymen, machinists and mechanics all rely on their tools to make a living. Without their tools, they’re essentially out of a job, so for the people who fit into this niche, tool insurance is something that seems a lot less special and a lot more necessary. Most other people who own tools can deal with them being out of commission for a little while, so an insurance policy may not be needed.

Next is actually a type of insurance most people don’t even know exists. Professional athletes of all types have health insurance policies in case they get injured, but there are many types of special insurance here as well. For instance, did you know that boxers actually get their hands insured? Sometimes these policies cover for millions of dollars, like in the event a prize fighter takes a tumble and uses a hand to break their fall, then ends up breaking their hand. This can even happen when beating on a professional punching bag.

This next type of special insurance isn’t actually that uncommon, and people in flatlands and flood plains around the world probably know about it already. It’s flood insurance of course. This type of insurance provides coverage against flash floods, seasonal flooding, natural disasters and other types of water damage which can occur. What sets these policies aside from others is that they aren’t typically included with homeowner’s insurance policies – the flood coverage costs extra, basically. Now, some people can get by without it just fine. On the other hand, there are those who absolutely shouldn’t be without it.

These are just a few of the niche types of insurance which exist. There are many other kinds of policies which are extremely beneficial to an extremely limited number of people as well, but that’s something for another time, unless of course you have something to add. Do any readers here have experience with specialty, niche policies which provide coverage for unique circumstances or interesting projects? We’d all love to hear more about it. In the meantime, if you want to know about all the different kinds of insurance which exist, it’s likely any sales agent would be happy to talk you through it all.

read more

Do You Need Coverage for Antique and Vintage Collections?

Antiques and vintage collections are fast becoming popular. Aside from being great home interior pieces, these timeless pieces are also great investments. Unlike other assets, antique pieces get pricier as they age.

Almost every household will have a special collection of antiques or heirlooms. Probably you have a collection of intricate jewelries or perfectly carved furniture items, as if they were done with high quality wood lathe. Considering their price or market value, it’s difficult to imagine if anything bad happens to these priceless belongings. Unfortunately, not all home insurance cover loss or damage of these hard-to-replace valuables. So, if you have a collection of priceless belongings it is best to check with your insurance agent whether your policy covers loss of antique items.

One of the misconceptions is that regular homeowners insurance covers all high value items such as collectibles, vintage, antiques, and family heirlooms. In most of these policies, the coverage is very limited and is often not even enough to cover the actual price of the lost item. For instance, some policies may put a cap of $3,000 for antiques, collectibles and art. If you’re a serial vintage collector, then this meager coverage is definitely not enough to cover your collection’s actual value.

If you think you need additional, specific coverage for these belongings, you can either work with your insurer so that you can add a rider to your current homeowner insurance policy for items that are valued over the standard coverage of your home policy OR you can also take out a different insurance floater for every vintage collection you have in your home.  Talk with your agent to see which approach will benefit you most.

Some people aren’t sure whether they really need to take out a collectible insurance. Here let’s take a look at some scenarios where a collectible insurance could save you:

  • Your vintage furniture pieces gets destroyed by fire
  • Fine art pieces get stolen
  • Autographed memorabilia get drenched in flood water
  • Delicate figurine pieces breaks after an earthquake
  • Catastrophe damages your wine collection

These are just a few unwarranted scenarios where you could lose your prized belongings. Since these possessions are valued in the thousands or may have special connections with your family, it is just wise to protect them by taking out the right insurance policies. An insurance will give you peace of mind while knowing that your treasured possessions are protected from sudden loss.

A lot of vintage and antique collectors are unsure about the worth of their collections. And this is the reason why many do not bother to take out specific insurance. It would be helpful to have your vintage items, collectibles and antiques appraised every now and them. An antiques appraiser can help you determine the worth of your items so you can get the right insurance protection you need.

read more

Does Your Health Insurance Cover Pain Treatment?

Thousands of people suffer from chronic pain conditions, particularly back pain. In their battle with chronic pain, these people bear yet another unnecessary struggle – health insurance coverage for pain treatment.

Many find that their health policy does not actually cover certain chronic pain treatments, or that there are tiresome obstacles that they still need to hurdle before having their treatment covered. Some people with chronic back pain benefit from using a portable TENS unit (check out this link for more information about this alternative back pain treatment), unfortunately, not all policies will pay for its cost. It would help to discuss with your health policy provider whether a treatment is covered or not.

Here let’s take a look at some chronic pain treatments usually covered by health insurance.

Pain Medication

Majority of health insurance covers the cost of prescription pain medications. The frequency of medication refilling depends on the doctor’s prescription. Some insurance may have limitations. For some types of pain medications, you may be required to visit your physician every few months to keep the prescription active or to request a new prescription.

Physical Therapy

Physical therapy helps increase strength, improve range of motion and reduce swelling often providing lasting back pain relief. Although most insurance plans cover for the cost of physical therapy, they usually cover only certain number of sessions. Be sure to talk with your insurance provider before starting physical therapy sessions.

Injections

Being prescription medications, injections are usually covered by most insurance policies. However, there may be limitations as to the frequency and/or number of injections you are covered.

Surgical Procedures

For minimally invasive procedures, such as out-patient or same-day procedures, the insurance policy usually covers the entire cost. Usually, chronic pain surgeries are costly and so you may need to shell out a few bucks. Meanwhile, for more complicated procedures, you may have a hard time getting coverage and may require additional documentation for approval.

When it comes to back pain treatment, sufferers normally require multi-modal treatment. Before you take on any of these treatments, it would help to discuss things with your insurance provider to avoid unexpected medical bills. Different insurance providers frequently have varying policies. Some may cover all treatment forms, while others will only pay for certain treatments. For example, your insurance may cover the costs of purchasing a TENS unit (like the ones found on this site), but not physical therapy. Still some insurance providers may pay for all the treatment forms as recommended by the physician.

If ever your claims for chronic pain treatment have been denied, ask for clarifications. Many insurance denials are due to clerical errors or miscommunication between the insurance company and the doctor’s office. In most cases, claims are approved after making corrections or including supporting documents. Discuss with your doctor about filing an appeal for denied claims. You can also ask for recommendations. Be sure to have all supporting documents (such as receipts, medical records, laboratories, etc.) in file. These documents will be helpful in filing an appeal or if ever you need to dispute the incorrect billing.

read more

5 vital car insurance factors before you decide

5 vital car insurance factors before you decideMany people are overwhelmed by the various options present in auto insurance. But it need not be so intimidating. You can actually customize the choices present according to your particular needs and of course your budget. But before that you should get the basics right so you can make the right choices. Frequently I see people make the wrong choices and suffer paying an unnecessarily huge sum, when they could have got a good deal by knowing the facts. So here are some tips that I’m sure will help in choosing the right car insurance and let you narrow down the choices and keep your finances in check.

Legal cover

The requirements for car insurance differs according to the state generally, but one important eligibility that remains the same all over the United States is the requirement of furnishing car insurance in some form or a financial liability proof. The rates of the insurance policy are influenced by many factors such as the insurance history, driving record and other related factors.

Options present

As I said before you have plenty of options that offer good cover for your vehicle and you. Read the descriptions and conditions of the various insurance policies, so you get a good grasp of the basics. Most important is, knowing the differences present between a comprehensive cover and collision insurance. You need to know about this before you request a quote from the online insurance sites or call an insurance agent directly. Careful driving habits go a long way in preventing many of the accidents and insurance claims that occur. Since nighttime driving is often the most dangerous, I use the LED light bar- check out this site for more info – for better clarity.

Get multiple quotes

expensive and nice carYou need to get quotes from more than three or four insurance companies. This will help you know the best quote and decide on the right policy that offers a more comprehensive cover.  Ensure you get the quotes for similar insurance covers, so you can compare properly. The rates differ from company to company and remember that a low quote doesn’t necessarily mean you get to save money. Likewise, a high quote need not always offer the best cover, so look at the coverage amount, price, claims, benefits and other services properly, before you decide on the insurance cover.

Look for discounts

It is true; discounts are available with most insurance policies, if you know to look for them. Some companies offer group discount, if you insure more than one vehicle with them or stay for a minimum of four or five years with the company. This way you can save a considerable sum. So don’t forget to ask about any discounts the company is offering for the various policies.

Additional features

Some companies offer optional coverage where in the rates will not increase in the event of an accident and some even offer roadside assistance. Coverage for loss of car use where the company pays for the rental car or for expenses incurred for transportation is also done. So be sure to check out these features, when you look at the policy.

read more

What Should You Keep In Mind When You Choose A Sports Insurance

Nov 08, 15 What Should You Keep In Mind When You Choose A Sports Insurance

When you play sports, amateur or professional, there are increased chances of injury. Some of these injuries can be covered by health care insurance while some are not covered in this way. In this case, you might need a sports insurance. Here are things that you should keep in mind when you choose the sports insurance. Find answers to these questions:

  1. What injuries are covered by your health insurance? Read the policy or check with your insurance agent which injuries cover your health insurance. If it covers a wider range of injuries, there may be no need for an additional cost for sports insurance.
  2. What types of sports are in sports insurance policy? You cannot choose any sports insurance. You need to know what type of sports specific sports insurance covers. Look at the list of sports and verify that your sport is on it. This is especially important for some sports that are not as popular and widespread, like, for example, extreme sports.
  3. Does your travel insurance cover sports injuries? If you are in seasonal sports, for example in skiing, perhaps the injuries are covered by travel insurance. The same applies to other sports that may be part of a tour package such as hiking, surfing or something else. In this case, you do not need additional sports insurance.
  4. How much are you professionally in sports? Approach to the sport is very important for insurance. Professional insurance does not only imply compensation for injury and covering the costs of treatment. It implies insurance due to loss of income because of inability to play sports.
  5. How risky is your sport? Some sports are less risky, usually those that require less physical activity and that are individual. Team sports and sports where there is direct contact between athletes have a greater coefficient of risk. Extreme sports have the highest coefficient of risk. Depending on the risk, it is formed the policy.
  6. Does the insurance include insurance of sports equipment? Damage or a loss of equipment can affect the inability to play sports and may cause an injury. If you ride a longboard, you need a reliable and quality longboard like some of these. However, when you invest in equipment, it is desirable that your sports insurance covers its damage.
  7. Are there exclusions? Even with insurance of extreme sports, there are exceptions. So before you sign an insurance policy, you should check whether your sports insurance covers your sport, does it excludes pre-existing medical conditions and similar exclusions.

As you can see, a lot of things need to be considered when you choose a sports insurance. The most important thing is to read carefully all the conditions, and to have a well-informed agent. Perhaps the most important factor with which you can start your insurance consideration is how often and how professional you are into sports. Select the type of insurance that best protects you against potential injuries and accidents accordingly.

read more

Does Insurance Cover Alternative Medicine?

Nov 01, 15 Does Insurance Cover Alternative Medicine?

About 1/3 of adults in the US alone use some form of alternative treatments. Therefore, the issue of insurance coverage for this form of medicine is rather pressing. In the vast majority of cases, people have to pay for these treatments out of their own pockets as insurance companies often seem to discriminate against alternative medicine. But is this really true?

According to the Affordable Care Act, health insurers are obliged to provide reimbursement for any necessary treatment. The loophole they use to avoid covering alternative medicine is that there isn’t the same stipulation for the required coverage. Therefore, insurance companies claim that some forms of treatment either aren’t a medical necessity or are experimental and therefore don’t guarantee a positive result. As such, they are exempt from the insurance coverage that only reimbursed the costs of “real” traditional medicine.

Can I Get My Insurance Company to Pay for Alternative Treatments?

As the popularity of alternative medicine is growing, you might have a chance to get your insurance provider cover the costs of some treatments. However, you need to understand your limitations in this matter.

First of all, you will need to prove that the treatment in question is a medical necessity. For example, you won’t be able to use it to pay for any form of weight loss tools and drugs, even if losing weight is a necessary stipulation in your doctor’s treatment plan. Should you decide to buy some supplementary tool, like a top waist trainer, you will have to pay for it on your own as using it is not a medical necessity, even if the product in question is effective and will help you obtain your medical objective.

If you want to save some money on buying a tool like this, you should study reviews posted on here. This way, you will find the most affordable quality product. Note that should you develop any health problems because of using a low-quality waist trimmer, your insurance won’t cover the treatment. In this situation, you will need to sue the manufacturer.

However, there are some forms of alternative medicine that your insurance carrier will have to cover. Even if they aren’t included in your policy, you may get reimbursement for:

  • Chiropractic
  • Acupuncture
  • Electronic stimulation
  • Biofeedback
  • Supplements

In order to get your insurance company pay for these treatments you will need:

  • Doctor prescription.
    A treatment is considered a medical necessity only if it’s prescribed by a licensed medical practitioner. Therefore, a prescription is a must have document you will need to present to the insurance company in order to prove that you really require this form of treatment.
  • Proof of efficiency.
    As alternative medicine methods are widely researched today, you should be able to find this kind of proof with relative ease. Look for publications in peer-reviewed medical literature that ascertain the efficiency of the form of medicine you are interested in.
  • Proof of quality.
    Note that alternative medicine providers don’t adhere to the same quality regulations as traditional medical services. Therefore, you will need to provide the insurance company with copies of certifications that prove the quality of the supplements or skills and knowledge of service providers (chiropractors, acupuncturists, etc.).
read more

Why A Private Medical Insurance Is Needed

A health insurance or private medical insurance is a supplementary cover in addition to what you are eligible for in the NHS. Some may have it as part of the employee benefits. If you do not have one, and can pay the insurance premiums, you can decide on availing it.

While health care is provided, free of cost by NHS, if you don’t wish to use NHS, it will be difficult to pay for private medical treatment particularly in case of serious illnesses. A private medical insurance is necessary in such situations.

Insurance cover

The cover provided in the private medical insurance is based on the type of policy you purchase. Basic policy covers the cost of treatments such as surgery in day care, inpatient surgery, and tests. Some of the basic policies also cover cost of consultant and specialist outpatient fees, and can pay a meager fixed amount for every night you stay in hospital (NHS hospital only)

Treatments not covered by the policy

If you have preexisting medical conditions, chronic conditions such as diabetes, hypertension, epilepsy, or HIV related illnesses, organ transplants, adventure sports injuries, war injuries, and cosmetic surgery the policy would not cover. Childbirth and pregnancy costs too are not covered. Taking proper care of health can reduce the treatment costs largely. For instance, control of blood sugar will prevent most of the complications that need costly treatments. Similarly back pain can lead to several costly treatment modalities, if you do not take the necessary measure to right your posture. Posture Braces help a great deal in correcting your posture and alleviating back pain and discomfort.

When private medical insurance is not needed

respect doctors - they make your life betterWhen you depend on NHS for all your health care needs, or have insurance through employee benefits, private medical insurance is not needed. Also in case you are not able to pay the premium because your finances restrict you to pay home and car insurance only, or you don’t have enough savings or have debts to take care of, a private medical insurance will add to your burden.

The insurance is also not necessary, if you are able to pay for the individual treatments, as this would be more cost effective than paying regular premiums.  If your child needs immediate and priority treatment on NHS too, you will not need private medical insurance. In general, the necessity for the insurance depends on the policy you want to purchase.

Advantages of medical insurance

A private medical insurance will help you get specialist opinion for specialized care. You can make the advanced tests and scans that may not be available under NHS cover. The insurance can be used to reduce the waiting time for the treatment, which is mostly a long one with NHS.  You can also choose the hospital and surgeon you want to consult with.

Getting a private room and specialist treatment and drugs is easier with the medical insurance taken privately. And in case you need physiotherapy sessions, quicker access is possible.

A private medical cover is of great value, when you are in need of expensive and specialist treatment. For sports enthusiasts, the type of specialist treatment needed is not accessible with NHS, so a private health care cover is necessary.

read more

Protect yourself and your home with flood insurance

If you live in a flood prone area, having flood insurance helps a great deal in preventing financial loss due to flooding. Even a few inches of floodwater can lead to enormous damage. In the US, between 2010 and 2014, the damage claim involved due to flood alone was over $39,000 in an average residential flood situation. And the premium paid annually for flood insurance was around $700 in a year.

Flood insurance is provided for renters, homeowners, and commercial and condominium owners. The cost varies based on the insurance amount purchased, the area covered, and the flood risk of the concerned property.

While considering flood insurance policy, you should discuss about insuring personal property as contents are mostly given optional coverage only. Since it is vital to protect your home along with its contents from floods, you need to consider the right coverage. Depending on the level of flood risk your home is subject to, the insurance premium would vary.

Low risk

If you live in a moderate or low risk locality, you can avail low premium insurance. Low risk areas are automatically eligible for preferred risk coverage, but if your home doesn’t qualify, you need to opt for the standard rates.

While flood insurance is not mandatory, any home can be vulnerable to a flood situation. Even those who do not come under the high-risk areas have claimed flood insurance and received assistance for damage from flooding.

Basement cover

The flood insurance policies generally cover the foundation elements of the house and the equipment needed to provide support to the building such as circuit breakers, water heaters, furnace etc. While the circuit breakers, water heaters, and furnace come under building cover, the freezer, dryer, and washers come under contents cover. To protect the basement from major damage due to floods having a proper SUMPPUMP is must.

Flood insurance does not however cover improvements done on basement such as ceilings, floors, finished walls, or other personal belongings.  To know a more detailed list, you should look into the flood insurance policy forms of your insurance policy provider, so you are not faced with any unpleasant surprises during a claim.

High risk

In case you reside in an area that has high flood risk, the only option available is the standard rate policy, which offers separate cover for contents and building.

Premiums

The flood insurance premiums are calculated based on the year of construction of the building, location of contents, number of floors, building occupancy and location of the floor present at the lowest level for newer buildings, the deductibles you opt for and the coverage value you choose for the contents and building. In case of high flood risk locations, you should have flood insurance, especially if you have a mortgage for your home through an insured lender or federally controlled lender.

Other than homeowners, renters too are eligible for flood coverage at preferred rates. This ensures a low cost premium, while providing cover for the building and contents.

read more

Is Your Garden Insured?

Oct 23, 15 Is Your Garden Insured?

Many homeowners don’t realize how much money they spend on their garden. If you just consider the value of your ornaments, plants and most especially outdoor garden equipment, you’d be dumbfounded at how much your garden really costs.

There are a lot of pricey garden equipment and tools which are often an easy target for burglars – garden tractors, lawnmowers, barbecue grill and even pots.

According to GardenTractorReport.com, a review site for garden tractors, an ordinary garden tractor costs around three grand. That’s a huge amount and you definitely want it covered. Further, the garden is also prone to damage from both natural and man-made causes.

But have you ever asked your insurer whether your garden and its items are covered in case of theft or destruction?

While most home insurance policies do cover the garden, the level and amount of coverage often varies – so it’s important to discuss it with your insurer. This is especially true if you are a garden-lover and have spent a huge amount on garden improvements, tool and equipment.

The basic garden toolkit is worth an average of $250 with greenhouses, sheds and patio furniture the priciest items. Most American home gardens will also have barbecue grill, garden ornaments, a lawnmower, children’s toys scattered around the garden, plants and seeds. On average, our “outside rooms” cost around $1,000 to $5,000.

lovely little gardenStandard home policy normally covers damage to fixtures and fittings which include outbuildings, walls, patios, gates, sheds, and fences in your garden.

However, most insurance policies do not cover damage or loss of movable objects; this means, lawnmowers garden, furniture and other items found in your garden are likely not covered. Many assume that these garden items are covered by their insurance only to find out that they are not.

Some policies cover contents of your garage and shed as long as they are kept locked. The problem is that many homeowners undervalue the contents of these outbuildings, much like they do with the contents of their home, thus they often don’t get any claim in case of loss. If you have spent so much on your garden, be realistic when placing the value of your space to avoid being frustrated later on.

Remember that the garden is a target of burglars and also prone to damage. If you are a garden lover, it is best to ask your insurance agent if the policy has specific provisions for garden “contents in the open”. Ask if the policy has exclusions such as expensive plants, pots or damages to plants. Know if your garden is covered in case of damages due to flood or storm.

Many of homeowners just enjoy the beauty of their “outdoor rooms” but do not really keep them covered. If you have spent so much improving your garden, perhaps it is time to have your investment fully covered. Go ahead and talk with your insurer.

read more

Practical Ways to Keep Burglars Away

Oct 18, 15 Practical Ways to Keep Burglars Away

The FBI estimates that a burglary happens every 15 seconds. As such, it is wise to invest in a home security system. Not only does it give you peace of mind, but can also help cut your premiums.

Usually, insurance companies give 5 percent to as much as 20 percent discount for installing burglar alarm, dead-bolt locks and smoke detector. The more sophisticated and higher the level of safety the system provides, the bigger the discounts you can enjoy. You can talk with your insurer which systems they recommend to make the most out of this discount.

But aside from installing professional home security system, you can also do these practical ways to avoid burglary.

Tip 1: Set timer for your lights

When you need to leave your home for a while, you can install and set a timer to turn lights on and off during the day and at nighttime. This makes it appear that someone is at home.

Tip 2: Breakdown packaging

Burglars don’t just loot any random home; they usually do surveillance long before they attack. Don’t make your home their target by leaving expensive cardboard, boxes and empty packaging out at the dumpster. Breakdown all packaging and place them in a receptacle.

Tip 3: Invest in an alarm system

Professionally installed home security system can deter any attempts of intruders. Some alarm systems can even protect your home from fire and water damage. A wireless doorbell installed at every room can be a good alternative as you can press it in case of danger to alert others in your home. If you want to see some of these doorbells, Door Bell Base is a good site to visit.

Tip 4: Keep bushes low

A well manicured garden does not only make a home look beautiful and attractive but also keeps burglars at bay. Shrub, bushes and trees provide a perfect refuge for burglars as they sneak around your home. Make sure your garden plants are regularly trimmed so thieves won’t attempt to sneak around while you’re asleep.

Tip 5: Invest in motion-sensor lighting

If a burglar ever attempts to enter your home, these sensor lights will instantly put them in the spotlight. Sensor lights are very effective deterrents against unwanted intruders.

Tip 6: Add a dog in your household

Dogs are great home buddies as they keep your home safe and secured. They bark at the sign of an intruder which often shoos them away. If you are not into having a dog as pet, then you can pretend to own one by putting a visible sign outside your home. Just the thought of a dog inside the house can intimidate burglars.

Tip 7: Be friends with your neighbors

Nothing can make you feel more secure than knowing someone is looking out on your home. Get to know your neighbors and build trusting relationship with them so that whenever you need to be away, you can have them look after your home.

Combining these practical tips with home security systems can guarantee a safe abode for you and your loved ones!

read more

Car-Related Factors That Affect Your Insurance Rates

Oct 17, 15 Car-Related Factors That Affect Your Insurance Rates

There are many other factors that can either raise or lower your overall insurance rates. Two most obvious factors include the amount of deductibles and the amount of coverage. But aside from these two, there are still a lot of factors that come into play when determining your insurance costs.

Demographic factors such as age, gender, marital status, profession, geographical location and credit score are a few factors that affect insurance in various ways. But these factors are not as significant as the condition of the car you drive. So here we take a look at some car-related factors that may affect your insurance rates.

  • Car Safety Rating 

be safe while driving or this will happenIf your vehicle has a high safety rating, then the chances of unwanted accidents or damages are lower – thus, the insurance rates are likely to be lower. On the other hand, if your car lacks safety features, expect to pay higher premium.

There are several factors that determine safety rating, which includes the possibility of the vehicle owner and passengers being injured in an accident. Automatic seat belts, airbags, emergency braking system, and traction control are some safety features that can help lessen the likelihood of accident and injuries. Of course, other car accessories, such as LED light (find out more here), can help keep your vehicle safer but will usually have no effect on your insurance rates.

  • Vehicle size

Compared to larger vehicles, smaller vehicles have higher risk of getting into trouble, that’s why they also come with higher insurance rates. Normally, larger vehicles with reliable safety features will tend to have lower premiums. In contrast, smaller cars with larger engines, such as sports car, will have costly insurance.

  • Vehicle age

Newer vehicles will usually have higher collision coverage rates than older ones, thus they also come with higher premiums. Some people who own very old cars would even drop the collision coverage and instead save the money to purchase a replacement in case of an accident. Moreover, owners are more likely to replace an older vehicle instead of spending on costly repairs.

  • Possibility of theft

Luxury cars are more likely targets of thieves and other lawless elements. If your vehicle is a hot item for thieves, then you can expect higher rates. However, you can invest on anti-theft features, such as alarms, to help lower your premium.

Aside from these four car-related factors, your personal driving record can have a major influence in your insurance costs. Having a bad record can raise your premium; some insurance providers may even refuse your application. Moreover, insurance companies would also consider your driving activity. The distance you drive, how often you drive and the types of roads you drive on can all affect the likelihood of an accident. Obviously, if you drive more, there’s a higher possibility of an accident and therefore a higher rate.

Knowing these factors can help you make a more informed decision when purchasing auto insurance. And more importantly, you can do things to help lower down your rates.

read more

Things to Keep In Mind When Renovating Your Dream House

Oct 14, 15 Things to Keep In Mind When Renovating Your Dream House

Renovating an old property can be a big challenge for those people who want to create a dream house, but it is not a new concept. Many homeowners spent a lot of money in renovations of their homes every year. If you also plan to make some home improvement, you should keep in mind the following home insurance tips, before opening a checkbook and make the first step.

An illustration of construction plans. An ideal approach to home improvement or remodeling is to create an illustration of plans prior to demolition so that your investment is utilized to its optimum. Seek an expert, often it is initially an architect, to gain advice and information on important matters such as:

  1. What you desire to accomplish out of the renovation?
  2. Load-bearing walls and other key structural supports.
  3. The likely impact on the home foundations and what may be affected by it.
  4. How the plans may have an effect on the home structure in general?

Consulting with an expert may also help reveal whether it is major renovation you need or if minor adjustments may be more practical. In any case, you may be given several options from which a blueprint will be made out of the approved design. Only then can the builder start construction.

The financial aspect. Renovation is a practical choice over a new home but to ensure expenses are contained, establish a financial plan.

  1. Ascertain how much money can be allotted to your plans after your monthly expenses that may include utility bills, credit payments, etc.
  2. After deciding on how much is saved monthly, set up a renovation project savings account and save until you have enough for the planned home development.
  3. Find ways and means to save money (coupons, deals, etc).
  4. Another funding option is taking out a loan, but seek the advice of a financial expert about it first to help you assess how it may impact your finances.

In order to know more about pricing and home improvement insurance requirements, it is recommended to contact your local building permit office. Even with an established budget, be sure to allot an extra ten percent just in case of unexpected expenses.

Speak with an experienced insurance agent. It is a good idea to consult with an experienced insurance agent during the planning process. This will ensure that your home is protected against any unforeseen losses after the completion of the construction. Most people are not aware that the functional and structural renovations can impact the home renovation insurance. Kitchen or bathroom remodeling, additions of more square footage, or carpet flooring replacements with hardwood or stone flooring can affect your home’s replacement costs.

Networking helps. Take the help of your family and friends to find reliable contractors for your home remodeling project. Consider at least three bids before hiring, and don’t let the lowest bid be the only factor for choosing the contractor. Always remember – quality over price!

Is DIY a better option? The Internet and DIY TV shows have empowered people with the knowledge and the confidence to take up certain home improvement projects without relying on contractors. According to the census data, the median savings for some easy DIY projects such as siding replacements, kitchen remodeling, and plumbing repairs were approximately $4,500. Having said that, if you are not certain of a particular project, it might be advisable for you to hire a contractor to avoid mistakes that might require costly repairs.

read more

Firearms Insurance Basics

Oct 04, 15 Firearms Insurance Basics

Guns are dangerous things, there is no doubt about that, but they are also expensive. Therefore, it’s stands to reason that people who invest in firearms for their own protection want to protect these tools as well. This is where gun insurance comes into play.

There are quite a few policies available today, so you will have plenty of options to choose from if you decide to seek this type of insurance. The first thing to focus on when looking for the best policy is the type of the firearms you want to cover. Some of these plans are very specific, so you will need to take the future into account if you want to have a chance to expand your firearms collection in the future. Otherwise, you may end up needing to start searching for a new policy all over again if you buy a type of gun not covered by the current one.

You also need to pay attention to what exactly the policy protects you from. A good firearms insurance plan should cover the following:

  • Fire
  • Damage
  • Direct physical loss
  • Theft

you dont joke with this dangerous kittyNote that the “damage” in this policy must be defined in great detail so that there will be no room for maneuvering that agents will be able to use should your gun get damaged. You also need to make sure that you understand the conditions considered “theft”, especially when it comes to theft from a vehicle.

In the vast majority of cases, “theft from a vehicle” is defined as breaking and entering into a locked vehicle or its locked portion. Take your time to check this term when it comes to theft from your residence.

Reduce the Risks

Insurance provides you with a kind of a security blanket, but you shouldn’t rely on it to solve all your problems. In many cases, there is a chance to prevent dangerous incidents that result in damage and loss of property. Installing a high-quality gun safe is a sure way to reduce these risks when it comes to your firearms. If you want to learn more about safes designed specifically for firearms, go here.

Remember that installing one of these safes does not only protect your expensive guns from burglars. This also helps protect your family from accidental injury. Simply hiding a gun actually increases this particular risk exponentially. An accident caused by such a blatant show of negligence and breaking of several important safety protocols definitely won’t be covered by your insurance policy. Therefore, it’s imperative to store your firearms in a place designed for this particular purpose.

If you are worried about not being able to use the gun for your protection because it’s locked in a safe, be sure to install this safe in a strategic location that you can access from any point of your house. You should also practice opening and closing it often. It would be best if you manage to learn how to do this not only fast but while blindfolded. This skill will come in handy if you ever need to use a gun during the night and there is no chance of turning on the lights.

read more

What Does Your Policy Cover in Regards to Water Damage?

Oct 03, 15 What Does Your Policy Cover in Regards to Water Damage?

Water damage is a serious issue that is always associated with costly repairs. Therefore, it’s imperative to make sure that your insurance policy covers it. However, you also need to understand that there are different types of water damage and determine which exactly are included in the policy. This way, you will be able to find an insurance plan that offers the best protection in regards to this particular issue.

In general, basic insurance policies usually cover water damage caused by one of the following reasons:

  • Rupture of your heating system
  • Rupture of your sprinkling system
  • Rupture of your plumbing system
  • Rupture of your air conditioning system
  • Escape of water from aquariums, waterbeds, and appliances
  • Escape of water from the public watermain

Do note, however, that any insurance policy covers only the result of the damage, not its cause. Therefore, you will be the one to pay for plumbing or other necessary repairs. Therefore, it really pays to invest into various devices that reduce the risk of water damage. A water softener is one of the tools that can help you protect your home from this disaster.

If you don’t know much about these devices, visit WaterSoftenerLand. This website contains a lot of helpful information about the benefits of water softeners, the damage dealt by hard water to your plumbing and various appliances, and detailed reviews of various softeners available on the market. Installing one of these devices is a wise decision even despite the fact that this tool will not be able to provide you with a 100% guarantee against water damage. The main reason for this is the fact that hard water can have a negative effect on your health. It often causes rash, hair loss, and other similar conditions. Their treatment definitely won’t be covered by your health insurance.

What to Do Before Contacting Your Insurance Company about Water Damage

Prevention is good, but sometimes it’s not enough. In case an incident occurs and your property does get damaged by water, you will need to take several very specific steps to facilitate claiming compensation.

  1. Shut off all the interior water sources on the property.
  2. Be careful to stay away from any electrical appliances and switches.
    Do not turn on the lights before a professional electrician checks your system to determine whether it was damaged as well.
  3. Stay away from the areas that are at risk of collapsing (water-soaked ceilings and floors).
  4. If your ceiling developed bubbles, puncture them to release excess water.
    Put a bucket under the bubble beforehand so that you don’t add to the floor damage.
  5. Move whatever precious items you can to dry areas.
  6. Stay away from the items damaged by sewer backup.
  7. Do your best to remove excess water from wood, upholstery, and other surfaces that are susceptible to the damage from this element.
  8. Compile a list of damaged, destroyed, and lost items.

Contact your insurance company after you complete the actions listed above, or at least as many of them as you can. Provide the insurance agent with a detailed inventory and follow the instructions from your policy for claiming compensation.

read more

Travel Insurance and Food Poisoning

Oct 02, 15 Travel Insurance and Food Poisoning

It’s a nightmare to have your vacation ruined by something and simple as food poisoning, but this happens quite often. The worst thing in this situation is the fact that not only do you lose an opportunity to have some well-deserved rest, but you also lose a great deal of money.

As food poisoning is considered to be a “preventable incident”, quite a few insurance companies word their policies in a way that precludes you from claiming any financial compensation should you suffer from this particular ailment. Therefore, we advise to choose your travel insurance plan with extreme care and study the fine print. A good plan will provide you with a sense of stability that will help alleviate some of the bitter disappointment you will definitely feel if you actually get a food poisoning while abroad.

To get a better chance of claiming compensation from an insurance company in case of food poisoning, you need to understand some things about this condition. It’s true that it’s considered to be preventable, which is the argument that insurers use to refute your claims. One must admit that in many cases, this is actually true, especially when you are at home. Your standard health insurance plan may not cover this particular issue simply because the vast majority of food poisoning cases are caused by poor hygiene and incorrect food storage. In this case, you really can be held responsible for suffering this problem as packing and storing your food properly could prevent the incident.

The tools available nowadays can reduce the risk of food poisoning so much that it really takes very poor judgment and low hygiene standards to incur it. The creation of vacuum sealers should make this problem almost obsolete as this food packaging tool allows you to keep products fresh for a very long time. If you still don’t have this device at home, be sure to check out http://vacuumsealerhub.com/ to learn more about these machines.

However, this level of control over your food is available to you only when you are at home, in your own kitchen, and when you are sure in the origin and quality of products used during the process of cooking. You will not have these benefits when traveling abroad, especially if you are going to visit some developing country.

These countries are renowned for their low standards of hygiene and poor quality of produce. Therefore, developing a food poisoning while on a trip is a serious risk. Although it’s possible to reduce this risk by avoiding food from street stalls and drinking only bottled water, the risk of poisoning is always there, and your travel insurance plan must cover the medical expenses associated with treating it. Make sure that there is a clause in the insurance plan that covers this particular issue.

To get a reimbursement of you medical expenses caused by this problem, you will need to get it documented. This means you have to not only save the receipts for medications but actually enroll into a hospital to get a proof that you were indeed sick and the cause of your condition was food poisoning. Don’t forget to ask the doctor for a prescription. Even if it isn’t necessary to buy the medication in some countries, you will need to file it with your compensation claim.

read more

Home Renovation Projects that can Affect Your Insurance Policy

Sep 25, 15 Home Renovation Projects that can Affect Your Insurance Policy

Planning to remodel your home? Whether you’re preparing to sell your house, customizing it to add more rooms, or just for the sake of refreshing your living space, there are many reasons why homeowners may decide to launch a project.

Before you even begin to tear down walls and dismantling appliances, it is important to consider not just the initial costs of remodeling. Many homeowners are surprised to learn that renovating their house could actually have major impacts on future monthly dues, including home insurance.

If you are planning to launch any of the projects below, be prepared for additional monthly dues.

  1. Creating a home office

While it is a great idea to repurpose an empty room as a home office, you may need to get a separate home-based business insurance policy. Your existing home insurance policy will not cover any theft, accidents or other unwanted events that occur in a residential property used for business purposes. In fact, your provider may even cancel your policy if you filed business-related insurance claims but did not initially disclose your home-based business.

It is best to talk with your insurance provider about your plans of repurposing a room and setting up a home-based business.

  1. Total kitchen renovation

One of the most common home renovation projects is kitchen remodeling. While this project can arguably increase the value of your home, expect to pay higher premiums for your overall policy.

If you are hiring a contractor to do the renovation, be sure that the workers are covered with workers compensation insurance. You may end up paying out of the pocket if ever an accident happens in your property. Safety should always be top priority. It would help to choose a reliable contractor.

Check for insurance coverage. Inspect if they have good working equipment and tools, especially that machine-related injuries are very common in construction projects. You can use websites such as this to check if their air compressor, usually used for painting work, is still up-to-date. It pays to be meticulous.

  1. Adding a swimming pool

What could be more fun than installing a pool in the backyard? Everyone just loves playing around pools. But before you consider investing on a swimming pool, you should seriously weight the fun advantages and its associated risks to your insurance.

Having a pool in your property greatly increases the risk of accidents, which will also have a drastic impact on your insurance premiums. Most insurance providers would also require you to install safety precautions such as self-locking gates and perimeter fence before they consider selling you coverage. Due to its attendant costs, some experts discourage installing pools.

While not all projects will impact your home insurance policy, it is best to discuss with your insurance provider any renovation plans to avoid unexpected monthly dues.

Lastly, before you finalize your home renovation plans, it is best to ask yourself: Do I really need to renovate? This way, you can avoid regretting a costly home remodeling project!

read more

4 Terrorism Insurance Cover

Sep 10, 15 4 Terrorism Insurance Cover

With the raise of mass terrorist global events ever since the terrible events of September  11, 2001; many business and property owners have seen the need to cover their property against loss through terrorism. As we can see, maybe this type of insurance wouldn’t cross most people’s minds, but it is actually becoming increasingly popular all over the world.

People are becoming more and more scared of losing their health, lives or property due to some form of terror attack and the market for this started emerging. This fear people have has prompted the insurance fraternity to devise a cover for this market need. However this is a tricky cover given that the chances of their occurrence are very low while they have huge potential losses.

We all know how important it is to have good insurance coverage. Most people have basic home, business or personal insurance which covers domestic and business injuries. Most injuries happen at home or in the workplace and are a result of falls or improper handling of tools such as framing nailers, or tools that malfunction (a good way to prevent this is to learn how to handle tools with care and, for example, look at a good framing nailer review site before making a purchase).

But, terrorism insurance is an important insurance cover especially to regions most exposed to terrorism activities. In fact it is the only way for any business to protect itself from losses arising from terrorism activities. In regions most vulnerable to attacks and violent extremism such as Africa, insurance companies have tailored the terrorism cover into various marketable insurance cover which benefit both the insurer and the insured.  But don’t think that this market exists in developing countries only – it is also very prominent in the US. Some of the available insurance covers in the most insurance markets are:

  • Property Terrorism and Sabotage cover
  • Political Violence property cover

However the main challenge facing these covers is the potential massive losses expected from the occurrence of these loses coupled with inadequate accumulation control. This makes most insurance companies to turn to overseas re-insurance, since the locally available re-insurers don’t have the capacity to cover them.

Insurance policies will compensate or have already compensated owners of the several businesses for property damage and business Interruption. It is therefore important to be safe rather than sorry by having your business covered against terrorism-related loss. For business  situated in regions susceptible to terror attacks, this cover is more of an essential than a luxury and everyone would be well advised to have their property covered.

On the part of the insurers, it is important to have the available terrorism covers to be tailored to suit everybody and cover broad geographic and financial spectrums.

All in all, the terrorism insurance is the next best thing after anti-terrorism measures; since not everybody can contribute in fighting extremist terror activities they can be prepared to combat the property losses arising from terrorism activities, by being covered against losses from terrorism events.

read more

Quad Copter Insurance

Sep 07, 15 Quad Copter Insurance

Technology is always improving, and there are few places where this is more evident than in aviation. These days, even regular consumers with no flight knowledge can purchase quad copters and other aeronautical devices and fly those around, typically without a care as long as they aren’t harming or snooping on anyone. These flying machines cost much more than the toys many children have grown up with due to better standards, improved materials and similar factors. If you’re a flight enthusiast who is willing to spend hundreds or even thousands of dollars on a machine, insuring that machine is a must.

Consider for a moment just what machinery actually goes into one of these devises. You have all of the gear necessary to make it airborne and keep it in the air, of course. But in perhaps the majority of cases, quad copters also come with camera elements build into the device, or with spaces allowing for the attachment of such elements. Many of the remote controlled flyers are used for getting a bird’s eye view of a place, or getting other perspectives which would normally be difficult for a person to see. They’re very useful machines, but they’re also very delicate, and sometimes very expensive.

This is why insuring such a device just makes sense. If you’ll have a quick look at http://quadcopterguru.com/ you can see a variety of these machines, as well as selling points about each. It contains a wealth of information about this very specific topic, but more than anything, it will help you to realize just how expensive some of these quad copters can actually be. If you would be willing to spend so much money on buying such an item, paying a paltry sum to quickly get the quad copter replaced if it is lost, stolen or destroyed is just sound planning.

Like many other insurance policies, there are probably ways you could help to reduce the monthly premium you would pay to keep your quad copter covered. Getting lessons in the operation of such vehicles and obtaining certification might help. Also, demonstrating an ability to safely use the device would certainly do some good. The thing is, many countries require no certification or licensing at all to just buy and start using a quad copter or similar device. When no systems exist, it can be difficult to get the proof you need to get the savings talked about here.

The initial argument here remains the same though. For anyone willing to invest the amount of money it takes to purchase a quad copter and get it up and operational, insuring the item only makes sense. Not to do this would be akin to purchasing a used car and leaving it uninsured, or doing the same with a new, cheaper brand of car. Any of these could be very bad financial moves for a person to make, and though there are no guarantees something bad will happen to your investment, having coverage just in case has never harmed anyone before.

read more

Individual Insurance In the Shooting With a Crossbow

Sep 04, 15 Individual Insurance In the Shooting With a Crossbow

If you have a club specialized in shooting from the crossbow, or you are just a member of such a club, then you should consider a policy of insurance to cover possible accidents. Crossbow shooting is considered as a risky sport and this is obviously one of the reasons why you have to open four eyes when you choose an insurance for your team or for yourself.

Some shooting insurance does not cover accidents that may occur as a result crossbowing. But if you choose the right insurance, you can cover all possible situations with one policy – those relating to people, as well as those on the equipment. At the same time, you can enjoy all forms of archery, without being limited to a specific weapon.

Why is it good to choose individual insurance for crossbow shooting?

As in any sport, especially those involving the use of weapons, accidents can happen. If you choose a good coach and the proper model of the crossbow, if you take all the precautions, the chances for accidents are small. However, insurances serve to cover those small probabilities and secure compensation.

When shooting with a crossbow and other forms of archery is concerned, you should bear in mind that the incident with a weapon may not happen only outside, during the shooting. It can happen at home, where you hold your weapon. Many shooters lose from the sight this fact when it comes to insurance, partly because they believe that home insurance cover this type of accident. When you purchase a special shooting insurance policy, you will be insured inside and outside your home.

There are group insurance policies that are available for clubs and associations. However, you do not need to be a member of an association to cover crossbow shooting with an insurance policy. There are also individual insurances that can cover the crossbow shooters and crossbow coaches.

You can customize individual insurance policies for your needs. Investment in the shooting equipment is not small. If anything happens to your arms during transport, use, or in any other way, good individual insurance for shooters will cover it. Of course, there is not only a risk for your weapon, but for shooters too. One careless move can be dangerous to the shooter or for someone else.

Crossbow coaches are exposed to greater risk because they work with people who are not yet aware of all the wrong moves they can make. Although trained for work, coaches still need to purchase an insurance policy. There are individual insurance policies for coaches that cover injuries, loss of earnings due to the inability to go to work, and the equipment used during training.

There are many ways that something goes wrong during practice shooting with a crossbow – from poorly prepared weapons, coaches mistakes, mistakes of students. A good shooting insurance costs less than equipment, and it can allow you to enjoy dealing with a crossbow training safely.

Besides individual insurance policies, there are those that are available on the club or association level. You should always be careful because they are not all insurance companies willing to cover all types of shooting. Group insurance is good, but individual insurance is better and the only safe option.

read more

Insurance Considerations For Home Improvement Projects

Aug 25, 15 Insurance Considerations For Home Improvement Projects

When winter is out of the way, homeowners begin to look at various home improvements they’ve been putting off. Whether it is adding the deck you’ve been eyeing at, installing kitchen cabinets or any other improvements around the home, the costs are bound to escalate. In such a scenario, it is best to verify with the insurance services you’ve availed for your home, before you begin the improvement project. It is necessary to increase the coverage based on the remodeling or improvement you’re planning. Here are some insurance tips to assist you.

New Roof

Replacing your roof may not provide much appeal to the appearance of your home, but it can be beneficial for you on the insurance front. With a new roof, you can bring down the insurance premium for homeowners insurance policy by around 20 percent. The roof is a major factor that influences the policy as roof leaks due to snow, hail, rain and wind are common occurrences causing major amount of losses.

In fact you get more discounts, if you install loss mitigation steps in your roof such as waterproofing, hurricane straps etc. If you’ve wooden beams in the ceiling, using tools such as the oscillating tool at http://oscillatingtoolsdepot.com/ would make the job easier and cost effective too. Make sure you have the right documentation of the upgrades done. The discount or reduction in premiums varies according to the state and company.

DIY advice

In case of DIY projects where you have to do the renovation alone, you need to assume all risks. It is best to review the insurance cover for property and liability. Here are some of the factors to consider

  • If you’re paying friends for the renovation, if they are injured you ‘d be subject to workers’ compensation rules
  • In case your relative or friend helps you out without any money involved, any injury is covered by the homeowners’ policy you have. But remember that homeowner’s policy doesn’t provide main liability protection for such injuries.
  • To prevent any financial difficulty that may arise due to serious injuries to workers, it is better to have umbrella liability cover, which increases the limits of your homeowners’ policy.

Furniture

If you want to make either furniture made of reclaimed wood as part of your personal home use or for setting up home based business, it is necessary to verify whether your homeowner’s policy covers it. Using appropriate tools helps in safer and efficient improvement work.

For instance, the efficient Rockwell rk-5140k tool provides a smooth and handy tool for use in many home improvement works.  In most cases, you may have to take an endorsement or rider based on how complex the business is. In some cases, such as when your business sees heavy foot traffic, an additional business cover may be required.

Since any renovations, done to home add value to your property and act as an investment on your part, having the right insurance cover combination is vital. It is therefore best to talk with your insurance carrier on whether the home improvements you’re undertaking have the adequate cover and not leave you vulnerable to any loss.

read more

Insuring Against Tool Accidents

Aug 18, 15 Insuring Against Tool Accidents

Any mechanic or machinist who has invested thousands of dollars or more into a quality set of tools knows the value of those items and understands the need to keep them insured against events like loss, damage or theft. But what some of them may not consider is that accidents can happen to the one wielding the tools just as easily as they could happen to the tools themselves. Insuring yourself against accidents and injuries caused by your tools is important if you work with them often, especially if you use those tools to maintain a livelihood for yourself.

To be frank, if you already have a health insurance policy, you may have coverage against the accidents described here. However, that’s something you’ll probably want to check before you try completing any dangerous projects – better to know you’ve got it and not need it than end up needing it and not being sure you actually have it. It’s unfortunate how few people actually read the fine print to their policies and understand exactly what type of coverage they have. Don’t be one of those people; if you have health insurance then be sure you understand it in and out.

On the other hand, if you have no coverage at all, you might do well to consider establishing a policy specifically for tool-related accidents. This will undoubtedly cost less than a general health policy, since the coverage is very specific and limited to only a number of accidents or occurrences. If the only thing you’re worried about is getting hurt by your tools, this is a perfect answer to your lack of insurance coverage. Some tools can cause a lot of damage to the user; for example good quality reciprocating saws can take fingers right off the user’s hand if they aren’t careful, and that’s just the start of what could go wrong.

Other tools can be much more dangerous than a standard reciprocating saw though. Belt sanders could literally kill a person if their hair gets caught in the machine. Nail guns have killed people before and they probably will again in the future. Naturally, the best way to deal with these hazards isn’t through insurance, but rather by making sure you handle all of your power tools and equipment while following the proper safety protocols in the first place. These can usually be found in the owner’s manual, though some things are just common sense.

For instance, if you have long hair and you’re going to be working with heavy equipment, it would be wise to tie it back and keep it out of the way. The same thing goes for loose-fitting clothing; that could be just as bad if it gets caught in spinning wheels or interlocking gears. At the end of the day, even with taking all proper precautions, accidents can still happen. With that in mind, take a good look at your current coverage if you have any to see if it suits your needs – or consider getting some if you have none right now.

read more