Sunday, April 11, 2010
Travel Insurance - Compare different offers for a large number
Buy travel insurance is something that most people struggle with. The key to choosing travel insurance is not trapped in the mass of available companies. There are literally hundreds of companies to choose from, but you only want one. Your travel insurance company should be all you need to be, here are some things you can do to make your choice.You can get many quotes directly from the Internet
Travel Insurance - Compare different offers for a large number
Buy travel insurance is something that most people struggle with. The key to choosing travel insurance is not trapped in the mass of available companies. There are literally hundreds of companies to choose from, but you only want one. Your travel insurance company should be all you need to be, here are some things you can do to make your choice.You can get many quotes directly from the Internet
Travel Insurance - Compare different offers for a large number
Buy travel insurance is something that most people struggle with. The key to choosing travel insurance is not trapped in the mass of available companies. There are literally hundreds of companies to choose from, but you only want one. Your travel insurance company should be all you need to be, here are some things you can do to make your choice.You can get many quotes directly from the Internet
How it relates to the financing of long-term care and planning
As a result of the Pension Protection Act of 2006, which came into force on January 1, 2010, insured with specially designed incomes have the ability to take cash withdrawals for qualified expenses value of long-term care, tax-free income, regardless of the cost base. Benefit payments to insurance brokers and cash withdrawals LTC value to pay for LTC insurance premiums are not taxable.The Act
How it relates to the financing of long-term care and planning
As a result of the Pension Protection Act of 2006, which came into force on January 1, 2010, insured with specially designed incomes have the ability to take cash withdrawals for qualified expenses value of long-term care, tax-free income, regardless of the cost base. Benefit payments to insurance brokers and cash withdrawals LTC value to pay for LTC insurance premiums are not taxable.The Act
How it relates to the financing of long-term care and planning
As a result of the Pension Protection Act of 2006, which came into force on January 1, 2010, insured with specially designed incomes have the ability to take cash withdrawals for qualified expenses value of long-term care, tax-free income, regardless of the cost base. Benefit payments to insurance brokers and cash withdrawals LTC value to pay for LTC insurance premiums are not taxable.The Act
Friday, March 26, 2010
Buyer Beware - Does your General Liability Coverage have a manifestation clause?
In the competitive market of insurance, brokers are always looking to come to the table with a lower premium then the competitor. One way they do this is by quoting a General Liability policy with a manifestation clause, but not disclosing the clause!
A normal full occurrence policy as long as the work was done during the insured's policy period a claim has up to 10 years to manifest itself and for claim to be filed. However when a manifestation clause is placed on a policy it limits this to the claim must manifest itself with the insured's policy period. If the claim manifests itself after the policy period the claim will not be covered. It basically turns a policy into claims made policy except they can say it’s an occurrence policy and they usually leave out the fact it has a manifestation clause.
Example:
Full occurrence policy without manifestation clause- June of 2007 a plumber fixes a pipe in a residence. August 2007 their general liability policy expires. Sept 2007 the pipe leaks due to being welded wrong the home owner files claim against the plumber’s insurance company and because they were covered when the work was done in June claim is paid out.
Policy with a manifestation clause- June of 2007 a plumber fixes pipe in residence. August their general liability policy expires. Sept 2007 the pipe leaks due to being welded wrong the home owner files claim against the plumbers insurance company and it is denied because of insured's *manifestation clause*. Although the work was done in June and the plumber had coverage at that time, the cause of claim did not manifest itself until Sept and their policy expired in August. If the pipe had leaked in August they "may* have paid claim.
for a free review of your insurance visit us at www.preferredamerican.com or www.clementeinsurance.com
A normal full occurrence policy as long as the work was done during the insured's policy period a claim has up to 10 years to manifest itself and for claim to be filed. However when a manifestation clause is placed on a policy it limits this to the claim must manifest itself with the insured's policy period. If the claim manifests itself after the policy period the claim will not be covered. It basically turns a policy into claims made policy except they can say it’s an occurrence policy and they usually leave out the fact it has a manifestation clause.
Example:
Full occurrence policy without manifestation clause- June of 2007 a plumber fixes a pipe in a residence. August 2007 their general liability policy expires. Sept 2007 the pipe leaks due to being welded wrong the home owner files claim against the plumber’s insurance company and because they were covered when the work was done in June claim is paid out.
Policy with a manifestation clause- June of 2007 a plumber fixes pipe in residence. August their general liability policy expires. Sept 2007 the pipe leaks due to being welded wrong the home owner files claim against the plumbers insurance company and it is denied because of insured's *manifestation clause*. Although the work was done in June and the plumber had coverage at that time, the cause of claim did not manifest itself until Sept and their policy expired in August. If the pipe had leaked in August they "may* have paid claim.
for a free review of your insurance visit us at www.preferredamerican.com or www.clementeinsurance.com