News Insurances

Liability & Accident Committee Meeting Digest 7/7/2016

George Stobbart — Fri, 30 Sep 2016 15:22:06 +0000

[ad_1] EU Referendum The committee discussed the issues in the market following the result of the referendum including the importance of access to the EU market for the insurance industry. BIBA would be working with all stakeholders to gauge opinion and form a Manifesto position for 2017. Case Law The committee discussed and reviewed the following cases – Kennedy v Cordia Services – employer found negligent for case when carer, with inadequate footwear, slipped on snow when visiting a client’s house. Campbell v Gordon – Appellant tried to sue Gordon who was the director of a joiners. Appellant had suffered injury whilst using an electric saw, but the EL policy

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Liability & Accident Committee Meeting Digest – 22 March 2016

George Stobbart — Fri, 30 Sep 2016 15:20:39 +0000

[ad_1] Case Law The committee discussed and reviewed the asbestos case of Heneghan v Manchester Dry Docks in relation to apportionment of damages and the case of Mohammed v WM Morrison Supermarkets in relation to vicarious liability. VNUK The committee were advised that the Department for Transport (DfT) were receiving Francovich claims as a result of the Vnuk case. BIBA understand a DfT consultation will be issued soon. BIBA have written directly to Lord Hill, the EU commissioner, and he is supportive of our position. Under-insurance Guide, Insurance Act Guide and Technical Roadshow The Under-insurance guide was in a draft format and the committee were thanked for their input. The

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Liability & Accident Committee Meeting Digest 3/12/2015

George Stobbart — Fri, 30 Sep 2016 15:15:57 +0000

[ad_1] Case Law The committee discussed and reviewed an Australian asbestos case where the illness manifested itself 5 to 10 years after diagnosis. Lydia Graves v Marinus Gerardus Brouwer (2015) was also discussed in relation to causation. VNUK The committee were advised that EU Commissioner Lord Hill’s office were reviewing the case and there may possibly be a slight change to the EU Motor Directive to minimise the impact, possibly in relation to vehicles used in traffic which would largely alleviate UK concerns and deal with the Motor Sport issue. Changes to Sentencing Guidelines for Health & Safety Offences The chairman reported on these changes which come into effect in

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Property Committee Meeting Digest – 13 July 2016

George Stobbart — Fri, 30 Sep 2016 15:13:49 +0000

[ad_1] FloodRe The committee discussed the DEFRA report and felt insufficient people had been surveyed and there was concern about FloodRe availability in the broker market. Software houses feedback on progress to FloodRe access was discussed. Brexit BIBA have produced a document on the issues that the industry faces and highlighting the importance of access to the EU market. Under-insurance Guide BIBA has produced three guides on this topic, a main guide, mini guide and customer facing guide which were distributed to the committee and will be made available to all members. Any Other Business The new Riot Compensation Act 2016 was discussed, along with the court case of Mayor’s

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Property Committee Meeting Digest 9/3/2016

George Stobbart — Fri, 30 Sep 2016 15:12:51 +0000

[ad_1] DEFRA Flood Survey The survey had now been issued – 25,000 small businesses unable to access flood cover. DEFRA were looking to repeat the survey. BIBA are seeking a commercial solution for flood risk properties. Insurance Act 2015 BIBA are working on issuing an Implementation Guide, including a smaller guide for the customer. The committee reiterated that it was hoped that insurers and brokers would work together to provide some clarity when the Act comes into force. The question of convictions spent under the Rehabilitation Act was discussed in relation to the Act and also declaration-linked (non-average) Business Interruption in relation to proportionate remedies. Insurance Provision in Finance Agreements

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Property Committee Meeting Digest – 25 November 2015

George Stobbart — Fri, 30 Sep 2016 15:11:31 +0000

[ad_1] Insurance Act 2015 The committee discussed some insurers ‘early’ adoption of the Act and the view was that there were a number of inconsistencies in insurers approach and it was hoped that insurers and brokers would work together to provide some clarity when the Act comes into force. Loan Market Agreements The Loan Market Association (LMA) were looking to produce a standard broker letter which is a significant burden on insurance brokers – currently finance institutions issue their letter at the last minute, cover needs to be agreed with insurers and very often the letter is in a different formats. It was agreed that a sub-committee would look to

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Enterprise Insurance Company plc – Important update for members

George Stobbart — Fri, 30 Sep 2016 14:24:39 +0000

[ad_1] The provisional liquidator of Gibraltar-based insurer Enterprise Insurance Company PLC has today issued an important statement to brokers who placed business with them. Please click here to read the statement. The Financial Services Compensation Scheme (FSCS) has issued a notice aimed at policyholders of Enterprise Insurance Company PLC. Please click here to read the notice. Any queries regarding the process for compensation payments from the FSCS should be directed to them in the first instance. Kind Regards Steve White BIBA, Chief Executive The post Enterprise Insurance Company plc – Important update for members appeared first on British Insurance Brokers' Association. [ad_2] Source link

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Registration now open for this year’s BIBA Scotland conference

George Stobbart — Mon, 26 Sep 2016 10:55:43 +0000

[ad_1] 26th September 2016 Registration is now open for this year’s BIBA Scotland conference at the Inchyra Hotel & Spa, Falkirk on 3 November. The insurance community in Scotland will come together to debate the key issues, extend knowledge and do business – and as a BIBA member broker we are offering you and all your broking staff complimentary entry. Alongside a full programme of conference sessions you and your colleagues will be able to do business in the biggest ever BIBA Scotland exhibition of 44 exhibitors – all at no cost. Find out more and register your place here. We hope to see you there! [ad_2] Source link

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SSP Update – Partner Insurers

George Stobbart — Fri, 23 Sep 2016 09:53:49 +0000

[ad_1] The following BIBA Partner insurers have agreed flexibly for SSP users over accounts settlements. Chubb – janet.wilsher@chubb.com CNA – Elliot.Miller@cnahardy.com LV – kevin.gill@lv.com Ageas – mark.auchterlonie@ageas.co.uk The post SSP Update – Partner Insurers appeared first on British Insurance Brokers' Association. [ad_2] Source link

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SSP Update

George Stobbart — Thu, 22 Sep 2016 12:36:06 +0000

[ad_1] We are aware that brokers are experiencing some issues invoicing their clients as a consequence of the SSP outage. SSP’s Credit Control team have a very close working relationship with their broker network and are happy to confirm that they will show flexibility on credit terms where an SSP brokers is experiencing an issue as a direct consequence of the SSP outage. SSP will do all we can to help and support brokers in these circumstances. The post SSP Update appeared first on British Insurance Brokers' Association. [ad_2] Source link

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ABI checklist of effective counter fraud practices

George Stobbart — Tue, 20 Sep 2016 08:36:49 +0000

[ad_1] The Association of British Insurers have kindly offered to share with BIBA members their 10 point check-list of counter fraud measures. Please click here to see this document. The post ABI checklist of effective counter fraud practices appeared first on British Insurance Brokers' Association. [ad_2] Source link

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Compliance Rules – Quarter 3

George Stobbart — Mon, 19 Sep 2016 13:46:17 +0000

[ad_1] The post Compliance Rules – Quarter 3 appeared first on British Insurance Brokers' Association. [ad_2] Source link

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BIBA response to the Select Committee on Financial Exclusion

George Stobbart — Fri, 16 Sep 2016 10:44:00 +0000

[ad_1] Lords Select Committee on Financial Exclusion – Call for Evidence The British Insurance Brokers’ Association (BIBA) is the UK’s leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers. BIBA membership includes just under 2,000 regulated firms, who employ more than 100,000 staff. General insurance brokers contribute 1% of GDP to the UK economy, they arrange 54% of all general insurance and 78% of all commercial insurance business. Insurance brokers put the client’s interests first, providing advice, access to suitable insurance protection and risk management. Thank you for the opportunity to contribute to the Committee’s understanding of access to insurance; answers to the questions

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Latest SSP update

George Stobbart — Fri, 16 Sep 2016 09:11:45 +0000

[ad_1] SSP have temporarily adjusted its system configuration to allow affected brokers to clear Private Car, Home, Commercial Vehicle and Motorcycle renewals that were impacted by the system outage. They have had a number of insurer request a short extension to the 17th September revert date, so they will be removing the temporary system configuration at the close of business Monday 19th September. As you’ll appreciate this is a unique set of circumstances and SSP are working hard to minimise the impact on you. The post Latest SSP update appeared first on British Insurance Brokers' Association. [ad_2] Source link

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2016/086 System Availability Sunday 18 September 2016

George Stobbart — Thu, 15 Sep 2016 08:17:03 +0000

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Financial sanctions frozen assets reporting (2016) reminder

George Stobbart — Tue, 13 Sep 2016 13:42:30 +0000

[ad_1] BIBA members are reminded that if they hold or control funds or economic resources belonging to, owned, held, or controlled by a designated person that they are required to submit a report to the Treasury’s Office of Financial Sanctions Implementation (OFSI) by Friday 14th October 2016. Reports should include details of all funds or economic resources frozen in the UK as well as those overseas where these funds or economic resources are subject to UK financial sanctions legislation. Reports to OFSI should include the value of all such assets as at close of business on Wednesday 30th September 2016. All completed reports should be emailed to ofsi@hmtreasury.gsi.gov.uk using the template on

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BIBA sets out its priorities in the ‘Pathway to Driverless Cars’ government consultation

George Stobbart — Fri, 09 Sep 2016 15:06:17 +0000

[ad_1] 9th September 2016 In its response to the Government’s consultation on autonomous vehicles – Pathway to Driverless Cars – the British Insurance Brokers’ Association (BIBA) sets out what it and its members believe to be the top four issues to be addressed. The key priorities are centred on the need for insurance to continue to be provided from within the insurance sector to give vehicle users protection and security from a highly competitive market. Four key prioritiesFirstly, a single seamless motor insurance policy should be developed that will provide indemnity for risks that will include failure of the autonomous vehicle however caused, including by cyber-attack. Secondly, in order to

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BIBA Responded to the Pathway to Driverless Cars: Proposals to support advanced driver assistance systems and automated vehicle technologie

George Stobbart — Fri, 09 Sep 2016 11:42:22 +0000

[ad_1] Pathway to Driverless Cars: Proposals to support advanced driver assistance systems and automated vehicle technologies 8.9.16 What we are proposing Question 1A: Do you agree with the proposal to review the regulatory framework to enable the use of advanced driver assistance systems and advanced vehicle technologies as they come to market in the UK? * Yes It is important that the regulatory framework, including the Road Traffic Act and Highway Code, are suitable for the long term implementation of fully autonomous vehicles on the UK’s roads. We would like to make a distinction between levels 0,1,2,3 and levels 4 and 5. We believe levels 0,1,2,3

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‘Connections’ announced as the theme for the BIBA 2017 Conference & Exhibition

George Stobbart — Fri, 09 Sep 2016 11:27:41 +0000

[ad_1] 9th September 2016 The British Insurance Brokers’ Association (BIBA) has announced ‘Connections’ as the theme for its 2017 Conference & Exhibition to be held at Manchester Central on May 10 & 11. Steve White, BIBA’s Chief Executive, commented: “We’ve chosen the theme ‘Connections’ to encompass both the challenges we face and the strengths we can demonstrate to succeed as an industry in the foreseeable future. “We live in an increasingly inter-connected world. New build houses have the capability to be controlled by their owners wherever they are, cars and other vehicles are developing rapidly with the UK at the forefront of the driverless cars revolution. All of these advances

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BIBA progressing issues with SSP

George Stobbart — Fri, 09 Sep 2016 09:50:43 +0000

[ad_1] 9th September 2016 In light of recent events BIBA will be taking a lead in facilitating constructive discussions about what has occurred and necessary future action including the next steps for its members. BIBA will be hosting a meeting between senior SSP personnel and some affected BIBA members. The purpose of the meeting will be to explore what happened and reach agreement on the next steps. The discussions will include: ·seeking a comprehensive explanation from SSP as to the reasons behind the recent lengthy outage;·discussion around the robustness of SSP systems and disaster recovery programmes;·what action will be taken to avoid a similar event reoccurring and;·exploring the next steps

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A Shock to the System – Electrical Safety in an Ageing Society

George Stobbart — Thu, 08 Sep 2016 13:11:49 +0000

[ad_1] Electrical Safety First discuss older people have obtaining insurance and the issues they face from electrical accidents. Historically, older people’s problems obtaining insurance have mostly related to motor and travel cover and these were addressed by the ‘signposting’ agreement introduced in 2012. With many older people now choosing to stay in their own homes, sometimes with the health problems that age can bring, there are other issues which may need to be considered. This is particularly important in relation to home insurance where, while the vast majority (around 99%) of motor insurance claims are paid, one in five home insurance claims have been rejected. Electrical safety for older people is

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SSP update

George Stobbart — Thu, 08 Sep 2016 12:28:46 +0000

[ad_1] We have continued to make progress overnight and this morning, and will be in contact with more of our customers today to help them reconfigure their individual systems. We experienced some network issues connecting to our Powergate Data Centre which caused an intermittent service for part of this morning. It is not related to the initial power outage incident in Solihull, nor the migration work currently being undertaken for our affected customers. The problem has now been fixed and services have returned to normal. We were able to continue our restoration work during this period. We are working to get to each of our customers to restore full service

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SSP Update

George Stobbart — Wed, 07 Sep 2016 12:44:37 +0000

[ad_1] Apologies again for the continued disruption to your business caused by our outage. We are continuing with our restoration process, have a number added to the number of customers live and operational, with others in testing and preparation for implementation tomorrow. The order of implementation is partly driven by the scale and complexity of the individual customer’s system. Over the course of today we have put live customers across a range of different profiles, including some of the larger and more complex customers along with others that are smaller and less complex. This approach has helped us to refine the restoration process and the pace of implementation will accelerate

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Update regarding the ongoing Major Incident at Solihull Data Centre

George Stobbart — Tue, 06 Sep 2016 11:45:03 +0000

[ad_1] Over the course of today we have been continuing work on the ‘unpacking’ of data and setting up of individual customer system instances in our alternate Data Centre site, and have worked with a number of our customers to bring their systems back online successfully. Because our focus is on getting all of our customers back up and able to trade as rapidly as we can in the new centre, for some customers the initial implementation will include the core system functionality and 100% of their transactional data to the point in time that the outage occurred, but not all of the historic document store will be available from

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Covea support and contact details for brokers during SSP outage

George Stobbart — Tue, 06 Sep 2016 08:35:07 +0000

[ad_1] Our systems and people are currently coping well, and we continue to operate normal service standards for all brokers and customers. For our SSP ‘Pure’ users affected, we contacted a large proportion directly last week to find out their concerns and offer direct assistance. Our customer services and claims teams have been fully briefed and we have introduced special measures, applicable both to motor and home business, to help brokers and claimants until SSP’s service is resumed. New business & mid-term adjustments Our brokers can process new business and policy adjustments manually or issue cover notes which are available. Our Underwriting Services Team have also been briefed and can

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SSP – Further updates

George Stobbart — Mon, 05 Sep 2016 14:16:21 +0000

[ad_1] We are continuing work on the ‘unpacking’ of data and setting up of individual customer system instances in our alternate Data Centre site. Early this morning we started the process of contacting those customers whose systems are becoming available, so that our service team could support them through the process to get up and running. A number of customers are now live, and are now online and using their systems again. We will establish a clearer view of the likely timing of restoration of individual customers as we get further through the technical processes. We will be contacting individual customers as soon as we have estimated time of restoration

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2016/080 September Release System Changes Friday 9 September – Sunday 11 September 2016

George Stobbart — Mon, 05 Sep 2016 13:15:49 +0000

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2016/079 System Availability Friday 9 September to Sunday 11 September 2016

George Stobbart — Mon, 05 Sep 2016 13:12:37 +0000

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SSP Update

George Stobbart — Mon, 05 Sep 2016 12:04:23 +0000

[ad_1] There has been no unauthorised disclosure of personal data arising from, or related to the interruption of service to SSP’s Solihull data centre. SSP operates an information security management system, which is compliant with ISO/IEC 27001:2013 throughout its premises and data centres. The post SSP Update appeared first on British Insurance Brokers' Association. [ad_2] Source link

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SSP Insurer contact details – Ageas

George Stobbart — Mon, 05 Sep 2016 10:50:39 +0000

[ad_1] Ageas Customer Services – 0345 122 3288 The post SSP Insurer contact details – Ageas appeared first on British Insurance Brokers' Association. [ad_2] Source link

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MIB: SSP UPDATE

George Stobbart — Fri, 02 Sep 2016 14:27:14 +0000

[ad_1] “MIB continues to work closely with SSP and MIB Members to offer support and guidance during the service outage. As soon as SSP is able to restore its systems to normal then we will work with its team to ensure that the records relating to motorists using the affected SSP platform are updated on the Motor Insurance Database (MID). “SSP has provided MIB with a list of brokers affected by the loss of this particular platform and we are helping to mitigate the potential impact and support police officers through our contact centre. Our agents will support officers at the roadside through direct enquiries with brokers, as we always

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UPDATE: Solihull Data Centre Power Outage

George Stobbart — Fri, 02 Sep 2016 13:20:56 +0000

[ad_1] Update regarding the ongoing Major Incident at Solihull Data Centre. Further to the update provided this morning, we continue with the restoration activities and are focused on being able to provide some clarity following the additional hardware failure last night. Please be assured we are doing our upmost to provide clarity and we can only again apologise for the inconvenience. We‘ll endeavour to send updates as and when they become available, and will ensure a further communication is issued before the end of the day. In the meantime, if you have any questions, please don’t hesitate to get in touch with your Account Manager. Kind regards SSP Major Incident Management Team

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BIBA: SSP UPDATE

George Stobbart — Fri, 02 Sep 2016 11:11:46 +0000

[ad_1] BIBA has spoken with SSP about the problems this week. SSP has asked that specific queries from their users be directed to them. We are in dialogue with SSP to explain what exactly happened and what steps they have taken to prevent a reoccurrence. We have also liaised with the MIB regarding the Motor Insurance Database and our advice would be to liaise directly with your insurer until this is resolved. The most recent statement from SSP states: Update regarding the ongoing Major Incident at Solihull Data Centre. Unfortunately, during the evening of 1st September we encountered a hardware failure in our storage facility, which has set back our

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BIBA responded to the DVSA Improving the Car Driving Test consultation

George Stobbart — Fri, 02 Sep 2016 11:02:59 +0000

[ad_1] Have you taken part in the trial of the new test, in the capacity of an ADI (answers only requested from ADIs)? We have not answered this question as we are responding on behalf of an organisation. Have you taken part in the trial of the new test, in the capacity of a learner/ accompanying driver (answers only requested from learner/newly qualified/accompanying drivers)? We have not answered this question as we are responding on behalf of an organisation. Do you agree with the proposal to increase the independent driving section of the test from 10 to 20 minutes? Yes, as that would increase the time that instructors have to

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Broking Market Behaviour Survey

George Stobbart — Mon, 22 Aug 2016 12:05:32 +0000

[ad_1] BIBA’s Insurance Brokers’ Standards Committee has recently been formed to define good practice for the broking community and to provide guidance on a range of issues relevant to our profession. We are aware that one of the key frustrations for brokers and insurers alike is alleged poor market behaviour which can negatively impact the reputation of brokers in the eyes of our clients, the regulator, as well as the wider industry. As brokers, we all want a dynamic, innovative and competitive UK insurance market, and putting our client’s best long term interests first is a key part of this. BIBA is committed to creating a Good Market Practice Guide which

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Proposed changes to client money regime for intermediaries shelved

George Stobbart — Fri, 19 Aug 2016 10:06:32 +0000

[ad_1] The Financial Conduct Authority has written to firms confirming that it will not be taking forward changes proposed in Consultation Paper 12/20 as a result of its review of the client money regime for general insurance intermediaries. The existing rules and guidance in Chapter 5 of the FCA’s Client Assets Sourcebook (CASS) remain in place as they are and general insurance intermediaries holding client money or operating under risk transfer agreements are required to comply with these. The FCA said in a statement: “The consultation process is designed to encourage stakeholders to share their views with the FCA so the right policy is put in place before changes to

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Intruder Alarms – What Police response really means

George Stobbart — Tue, 16 Aug 2016 13:28:05 +0000

[ad_1] We are pleased to offer members an update on intruder alarms from Tony Week’s, Technical Manager at the National Security and Investigations It is common for insurers and brokers to specify that commercial customers protect their premises with an intruder alarm system on Police Response. Although it is less common to require this in the domestic sector the benefits to the insurer and consumer of requiring this are the same. Most in the insurance sector will be aware that only approved companies, certificated by the specialist third party certification bodies in the security sector, National Security and Investigations (NSI) or Security Systems & Alarms Inspection Board (SSAIB) can install

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Lloyd’s Coverholder Reporting Standards Version 5

George Stobbart — Mon, 15 Aug 2016 14:45:16 +0000

[ad_1] 15/08/2016 Y5015 – Lloyd’s Coverholder Reporting Standards Version 5 (47.23 KB, pdf) Performance Management Peter Montanaro 09/08/2016 Y5014 – Brazil: SUSEP clarification in relation to restrictions on Intra-Group Transfer (45.81 KB, pdf) International Regulatory Affairs Kim Swan 27/07/2016 Y5013 – Economic Capital Assessment (ECA) Process for 2017 Underwriting Year of Account (232.58 KB, pdf) Finance Risk Mgmt And Operations Richard Rodriquez 22/07/2016 Y5012 – Canadian Regulatory Reporting (71.75 KB, pdf) Finance Risk Mgmt And Operations Leslie Redmond 14/07/2016 Y5011 – US Trading Regulatory Reporting (104.31 KB, pdf) Finance Risk Mgmt And Operations Leslie Redmond 01/07/2016 Y5010 – Q2 2016 QMR – major losses, exchange

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FCA pushes ahead with plans to increase transparency and consumer engagement at renewal

George Stobbart — Mon, 15 Aug 2016 13:05:59 +0000

[ad_1] The Financial Conduct Authority (FCA) has published Policy Statement 16/21 which reports on the main issues arising from Consultation Paper 15/41 and confirms the final rules and non-Handbook guidance designed to increase transparency and engagement at renewal in the general insurance market. Proposed measures in CP15/41 went across all retail general insurance products and included: disclosure of last year’s premium at each renewal; inclusion of text encouraging consumers to check their insurance cover and shop around; and firm’s provision of a prescribed shopping around message to consumers who will be renewing with a firm for the fourth consecutive time. The FCA said it was proceeding with the proposals set

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Providers of Health Insurance Plans See Stocks Soar

John Stewart — Sun, 14 Aug 2016 14:44:39 +0000

Healthcare reform passed by the Senate has received a seal of approval from one of its biggest stakeholders. The stock prices of the nation’s publicly-traded providers of health insurance plans have risen. This is after the 1:00 A.M. vote that closed debate on the bill and prevented a Republican-led filibuster. Health insurance companies were fearing the worst when the House of Representatives agreed to include a public option health insurance plan in their own version of the bill. However, Senate Majority Leader Harry Reid eliminated that government-run program due to opposition from moderate members of the Democratic caucus. An expansion in Medicare eligibility was also rejected by undecided senators, such

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Effective Ways for Affordable Individual Health Insurance Premiums

John Stewart — Sun, 14 Aug 2016 13:43:38 +0000

People need medical insurances. However, because of usually high premiums, many decide not to take any insurance at all. In the end, most who decide not to invest in health care insurances shoulder greater expense. Are you among those people who find expensive premium rates as major setbacks? Here are ways on how you could effectively get more affordable individual health insurance premiums. Consider health insurance plans with much higher deductibles. Deductibles are amounts you commit to shoulder on your own especially when there is a need to claim for insurance claims. Such amounts are usually equivalent to thousands of dollars. The higher the deductibles get, the lower are the

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What is Covered in a Standard Homeowner Insurance Policy?

John Stewart — Sun, 14 Aug 2016 12:42:41 +0000

Homeowner insurance will provide you with the protection you need on your property in the event of fire or other damage that could destroy home partially or completely. A standard insurance policy will give you the protection you need for the home itself and your belongings. If you want to take out a mortgage to purchase a home, you will not be able to sign the final papers without showing proof that you have insurance in place. Such a policy offers you a package deal. In addition to providing you with protection against loss of your home and belongings, it also gives you protection if you are sued by someone

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Personalized Service At Its Best: Nationwide And Allstate Insurance

John Stewart — Sun, 14 Aug 2016 11:41:38 +0000

When you are seeking to get car insurance, you have several choices, even when it comes to getting personalized service. Two companies that are competitive with one another include Allstate Insurance and Nationwide Insurance. Of the two, Allstate has been around for a longer period of time and is considered to be the premium car insurance company in the United States. There are two types of insurance that you can get for your car – premium insurance and secondary insurance. You have probably seen the ads for discount insurance for other companies that give you a lower rate. What many people do not realize is that the discount insurance also

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Ways to Use Life Insurance in Your Estate Planning

John Stewart — Sun, 14 Aug 2016 10:40:38 +0000

Life insurance can help you provide the extra cash that protects your estate from being gouged by estate taxes. This article shows you a couple of ways it can do this. *Get cash for settling estate costs and preserving your holdings intact: At your death, estate taxes are imposed on the value of what you own. If you’re married, these may be delayed until your spouse’s death. Other costs such as funeral expenses, debt settlement, and administration fees can add to the need to have cash. Life insurance can supply this cash. Other than cash on hand, no asset can provide such a predictable and immediate influx of dollars to

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Affordable car insurance for high risk drivers

John Stewart — Sun, 14 Aug 2016 09:39:38 +0000

High risk drivers quite often might feel that they are the object of discrimination as it is very hard to find insurance coverage at an affordable price, if any coverage at all. The rates they are charged with often make them think of ways to reduce their costs while having the necessary amount of coverage, and it doesn’t seem that easy like with ordinary drivers. But still, don’t give up hope as there are effective ways you can lower your rates while still retaining the benefits you need if you are a high risk car owner. Get the best price you can find There are many insurance companies on the

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Term Life Insurance With No Medical Exam and No Hassle

John Stewart — Sun, 14 Aug 2016 08:38:40 +0000

Can you believe that many people put of the purchase of a term life insurance policy because they anticipate that it will be a big hassle to buy? They know they need to cover their families, protect their homes, and provide security. But they think that they will need to give up their privacy, fill out a long and complcated application, and go through a physical exam. So even though they understand why they should cover their lives, they just put it off. These days, insurers operate in a very competitive market. You can barely watch tv without seeing competitive ads, and you also see ads on the internet. In

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Car Insurance Seattle – How To Find A Great Deal

John Stewart — Sun, 14 Aug 2016 07:37:38 +0000

>> Click Here For A Car Insurance Seattle Quote The annual task of receiving your car insurance renewal papers and having to find a better deal than the one you’re being quoted can be a really tedious and irritating process. You go through it every year, and each ear you eventually find something that offers you a little better deal than the one you’ve been quoted by your existing company. But in these days of Internet business, it no longer has to be that way and the whole process has been made much easier over recent years through the provision of auto insurance quotation services. It used to be the

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Car Insurance Requirements for Tulsa

John Stewart — Sun, 14 Aug 2016 06:36:37 +0000

If you are looking to buy Tulsa car insurance, before getting quotes, it is helpful to know what the minimum requirements are so that you can try to get as close to the limit as possible, thus making you save on your premium. The only type of insurance required for the Tulsa area is liability insurance, which protects others, not you. Furthermore, it only applies if you are found to be at fault in an accident. When you are shopping for Tulsa car insurance, you will usually see liability coverage in A/B/C form. The minium liability amounts are 25/50/25. In other words, you must have $25,000 in bodily injury coverage

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What is Protection and Indemnity Insurance?

John Stewart — Sun, 14 Aug 2016 03:33:37 +0000

Protection & Indemnity insurance is shortly known as P & I insurance that specifically protects liability coverage designed for sea-going yachts, vessels and boats. It is mainly used for ships that are used for transportation cargos for commercial usages. This type of insurance usually provides complete liability protection against the liability caused to ship owners. Who Needs P&I Insurance Policy?This kind of insurance protection is generally sought by the owners of ships or any other kinds of water crafts that are used for varied purposes. However, predominantly the insurance policy is meant for water vessels engaged with commercial purposes. There are times, when the ship owners have to face third-party

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How to Avoid Private Mortgage Insurance (pmi)

John Stewart — Sun, 14 Aug 2016 01:31:39 +0000

Many home buyers find it difficult to provide the required 20% down payment and are forced to pay private mortgage insurance, or PMI, in order to buy a home. Private mortgage insurance solves the down payment problem but creates another two: it increases monthly payments and on top of that it is not tax deductible. Fortunately, there is more than one way to get your desired home without having the 20% down payment and avoid PMI at the same time. Terminating PMI When You Already Have One The use of private mortgage insurance has been a great way to make it possible for a borrower to buy a home with

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