What is included in my Home Owner’s Insurance policy cover and is there anything specific I need to keep in mind before buying a policy?
Your home owner’s insurance covers your house, any permanent fixtures and fittings, garden walls, gates, fence, pool and your personal belongings. Home owner’s insurance protects you from specific types of home-related accidents and incidents. The most common types are fire, theft and vandalism. It also provides additional living expenses such as hotel expenses in case you are unable to stay in your home due to accidents or other incidents. The policy also provides liability protection. Ideally, you should select the amount of coverage which can replace your home and property plus some amount to cover your liabilities. Also, 如果你是住在洪水或地震危险区, 你应该单独购买洪水/地震保险作为房屋保险通常不包括洪水和地震.
原来, 你的个人财产保险通常反映 50 您的家庭保险覆盖率的百分比. 它可以被增加或减少, 根据国家要求.
是, 你可以通过询问你当前的政策优惠降低你的房主保险费, 持有多个保险与保险公司和提高你的扣除.
If you are involved in an auto accident and found to be driving without car insurance or proof of financial responsibility, you will be subject to penalties specific to the laws of your state. It could include a fine or loss of driving privileges. If you are uninsured and in an accident that involves property damage or injuries to people, you will be required to pay on your own for any damages assessed by a court.
What do I do if I meet with a car accident?
First, you need to notify the police. Exchange information with the other driver(s) involved in an accident. Next, immediately contact your insurance company. Do what the insurance company advises you to do.
Is there any advantage of buying car insurance online?
Yes of course. First, you can compare dozens of online policies and can get the best quote. You need not deal with salespeople who try to sell you policies aggressively. You also save a lot when buying online as you need not pay for overheads.
What is Term Insurance and how does it differ from Life Assurance?
There are two main types of life insurance policy. Term Insurance pays out a sum if the holder dies during the fixed period of the policy. Life Assurance also offers a lump sum payout to dependents should the policy holder die during the period of the policy; but if he/she survives that period then he/she will receive the payment. Life Assurance is also seen as an important investment option. The payments for Life Assurance are greater than Term Insurance.
Why do different people pay different levels of premium?
The amount you pay depends on the level of risk you provide to your lender. The price you pay for life insurance mainly depends on your age, health, lifestyle and occupation. So if you are older, have health problems and smoke, and happen to work in a dangerous environment, you will have to pay more for life insurance than someone who is younger, healthier, a non-smoker in a low risk occupation.
What is Limited-pay Insurance?
Limited-pay life insurance is a type of insurance where all the premiums are paid over a specified period after which no additional premiums are due to keep the policy alive.
Are the proceeds of life insurance policy taxable?
Generally they aren’t subject to income taxes. However, they may be subject to estate taxes such as inheritance tax.
How long after filing an insurance claim do you receive the payment?
You should expect to receive forms and information in 5 to 10 days. Once the Death Certificate and forms have been returned, payment should be issued within the same time frame.