Insurance Info

Insurance-what a big topic. There are many kinds of insurance. Regardless of the kind, here are ten tips to guide you in making wise choices and avoiding paying more than you need to.

1. Take a look at all your insurance policies. Get rid of all the fluff. Cut off all the fat expenses you are paying for. Eliminate double coverage. (Often your car insurance charges for service already covered under your health insurance.) Find out the minimum requirements in your state for your auto insurance. Take a look at what you really, really need in your health insurance. What ’s actually going to be covered?

2. Consider the amounts of your deductibles. Look at all the optional additions and evaluate whether or not they are right for you. Calculate and see if you would do better putting aside the amount of money the policy will cost. Often you come out ahead investing that money into a special bank account. However, big caution here-this takes discipline. Taking it out each month and never touching it for “unexpected expenses-that takes a commitment on your part. Do not choose this alternative unless you know you will follow through.

3. If you stay healthy, consider only paying for catastrophic insurance and hospitalization. Or a combination of high deductible healthcare insurance with an add-on of hospitalization/catastrophic insurance Continue reading ‘Insurance – 10 Tips on How to Buy Insurance’ »

Do you need to buy insurance for your taxi company? If so, the process may seem overwhelming at first. However, by taking the right steps, you can find the right policies for your company’s needs. Here are some tips for finding the perfect taxi cover policies for your needs:

1. Determine how much cover you need: There are several types of cover for taxi drivers, ranging from basic to comprehensive. Basic policies will only cover situations such as accidents in which the driver’s vehicle is damaged. However, comprehensive cover includes situations such as theft, vandalism, fire, and so on. The type of cover that you choose depends on which one would best suit your company’s needs. Ideally, you should choose comprehensive cover, since it provides more protection for your company. However, more protection has a higher price tag-which is a crucial issue to consider.

2. Get multiple quotes: Not only will this help you to find the right policies for your drivers, but you’ll also be able to find cheaper cover for taxi drivers. Secure as many quotes as you can, though you should get a minimum of three. When comparing quotes from different companies, be certain that the policies provide the same type of cover. Otherwise you’ll be comparing apples and oranges. Continue reading ‘6 Money Saving Tips When Buying Taxi Insurance’ »

Travel Insurance is essential, and everybody should take a look at it, before hitting the road. The right insurance can easily spell the difference between a bargain flight and a financial disaster. On the other hand, many people buy insurance, which they do not need at all. Or, they buy insurance coverage which they already have through their credit card.

There are three general types of travel insurance

Health related insurances covering the risk of sickness or an accident on the road
Luggage insurance
Insurance covering change or cancellation penalties
I want to make a few points for each category.
Travel Health Insurance

People need coverage of medical expenses at home. On the road you need it even more. The first step before buying special health coverage for your trip is a check of the policy of your existing health insurance. On the road you need treatment costs, including expenses for hospitals, and transport back home, to be covered. Very helpful is an emergency phone number, where you can reach somebody familiar with the country you are in. He may know the right doctors, have an idea which hospitals are good, and have a relationship with them allowing for treatment without the need to pay the hospital before you are admitted. Continue reading ‘Travel Insurance 101’ »