Homeowners urged to beware under-insurance
Posted on February 12th, 2011
Specialist home insurer Hiscox has urged homeowners to ensure that their home contents insurance is up to date and affords them appropriate levels of protection.
Recent years have seen the value of gold and platinum rise, and with Valentine’s Day rapidly approaching couples up and down the country will doubtlessly buy one another expensive gifts of jewellery.
Hiscox home insurance expert Austyn Tusler said that people who receive expensive jewellery gifts ought to inform not just their friends but also their insurer.
Independent jewellery consultant John Benjamin explained that a number of factors, including high commodity prices, the VAT rise and a florushing global market, had combined to create an exceptionally strong jewellery market.
Benjamin went on to warn that people who had not had their jewellery revalued in the last two to three years ran the risk of being under-insured.
Last year Hiscox revealed that wedding presents had a total value of up to £12,000 and made an increased level of home contents coverage essential.
Tags: Urged, Urged Beware
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Holidaymakers to get more protection as ministers plan to reform travel protection
Posted on February 10th, 2011
Proposed government reforms could give holidaymakers more protection if their tour operator collapses.
Theresa Villiers, Transport Minister, recently announced the plans to the Commons. She said: “The proportion of holidays with ATOL protection has fallen and it can be difficult for consumers and the travel industry to know which holidays are protected and which are not. Read more…
Choosing A Group Term Life Insurance Policy
Posted on February 9th, 2011
Group term life insurance is a type of life insurance policy which offers the same type of coverage for all the members of a group. In most cases, group term life insurance can be provided by the employer to its employees at a minimal or, sometimes, no cost. It is actually the type of life insurance policy which is offered as a primary benefit by employers.
Because the employer would be getting life insurance policies for a group of individuals, it usually costs a lot less compared to getting separate life insurance policies. This is also due to the fact that the risks are spread out in a larger group of individuals instead of just assessing the risk of one person. Read more…
Tags: Insurance Policy, Life Insurance, Life Insurance Policy, Policy
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Winter Storm Losses Costly for Insurers
Posted on February 7th, 2011
Old man winter struck insurers with a vengeance last week. According to estimates from catastrophe modeling firm AIR Worldwide , insured losses as a result of the massive snowstorm that left a wide swath of frozen destruction across much of the nation, especially in the Midwest and South, are estimated at between $790 million and $1.4 billion. Those figures reflect losses based on residential, commercial and industrial properties and their contents, and to automobiles.
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Tags: Insurers
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Free Health Care for LA Students
Posted on February 7th, 2011
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The new superintendent of the Los Angeles school district, John Deasy, is calling for free health, dental, and eye care for any students in need. Considering this is the 2nd largest school district in the nation, it’s huge news and a big step for a student health insurance quote. According to the article “New LA Schools Leader John Deasy Calls for Student Healthcare” by Howard Blume on LaTimes.com, Deasy has no clear plan to pay for these benefits but he see this as a necessary benefit for students.
Deasy did say in an interview that he’s considering leveraging the district’s contracts with companies that offer health insurance to employees in addition to raising the profile of the issue to encourage philanthropic donations.
John Deasy takes charge of the LA Unified school district in mid-April and has a lot to take on as the new leader. There is a
Tags: Free Health, Students
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ABI: new guidance on extended warranties and more
Posted on February 6th, 2011
The Association of British Insurers (ABI) has published new guidance on Extended Warranties, Guaranteed Asset Protection insurance and service contracts.
The Association is hopeful that insurers and retailers will do more to help consumers understand the benefits and exclusions of all three forms of insurance, once they have swatted up on the new Good Practice Guidance for Providers.
Tags: Extended Warranties, New Guidance, Warranties
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