All State Insurance

Posted on Wednesday, 27th January 2010 by admin

The recent devastating earthquake in Haiti has left its people aghast. As they gradually recover, they are looking around for means to resurrect their lives. But the insurance scenario in Haiti is so poor that adjusters have seen very few claims to compensate for losses after the devastation.

Most of the buildings in the Republic had no insurance whereas the losses incurred are quite significant. Despite the Republic being an active participant in the Caribbean Catastrophe Risk Insurance Facility since 2007, the funds that resources say to have been collected will not compensate the loss. Funds collected so far amount to a mere $8 million.

Read full article…

Tags: Insurance Scenario, Scenario

No Comments »

Posted on Tuesday, 26th January 2010 by admin

Many travelers who are over the age of 65 have difficulty finding the right travel insurance plan. Since it is more likely that elderly people will fall ill or get injured during their vacations, insurance companies require them to purchase a special policy. Such a policy is more expensive than the regular policies that are available to most travelers, because the insurance providers are taking a bigger risk by offering insurance to elderly travelers.

Travel insurance policies for travelers over 65 provide better coverage and benefits than ordinary policies. They usually include coverage features that are specially designed to suit the insurance needs of elderly travelers.

Read full article…

Tags: Insurance, Travel Insurance

No Comments »

Posted on Tuesday, 26th January 2010 by admin

Most people do not have the means to purchase a car in lump sum payment. Instead, they get a car loan so that they can pay on a staggered basis. Since they are driving a car that is not yet fully paid, they make sure to have it insured. Some choose to get gap insurance because of its advantages.

This type of insurance covers the amount of the market value of a car at the time it was bought less its depreciated value at the time of accident. If a one-month old car is suddenly wrecked totally due to collision, what happens to the car loan? The driver will still be required to complete payment on his loan. His claims from gap insurance will take care of this problem.

Gap insurance has an extensive coverage that should lure many motorists to buy it.

Read full article…

No Comments »

Posted on Sunday, 24th January 2010 by admin

For people who have retired, life is just beginning. It gives them the time to pursue many of the things that they have always wanted to do. Senior citizens love to do some traveling every now and then. While traveling is an exciting adventure for senior citizens, it’s important for them to get travel insurance before they actually set off on their travels. Accidents and illnesses can happen to everybody, even during vacations. As people get older, their bodies get weaker and they are more prone to fall victim to accidents and illnesses, especially when they are over 70 years of age. C

Read full article…

Tags: Travel, Travel Insurance

No Comments »

Posted on Friday, 22nd January 2010 by admin

Traveling within the United States has its own set of risks, and traveling overseas or internationally can further complicate matters. Being away from home in a foreign country can be a bit intimidating, as there might not be people there who speak English to assist a traveler in the case of an emergency. Getting international travel insurance is a smart, efficient way to protect your property and yourself and loved ones. Going abroad should be an exciting time, so having the extra peace of mind that comes with an international insurance plan is an added bonus. Many plans come with travel medical insurance as well, so in the event of an accident or another medical related emergency, all international costs are covered.

Read full article…

Tags: International Travel, Travel

No Comments »

Posted on Friday, 22nd January 2010 by admin

Most car owners and drivers are unaware that they need GAP insurance in their auto policies. When an insured vehicle gets into an accident a few months after its purchase, an owner would still have to pay for additional expenses even though he already has full coverage auto insurance. Why?

For instance, you bought a car for $35,000 two or three months ago. You have made 3 payments at about six percent interest rate. Then, the unexpected happens, you meet an accident and your car gets totaled. When you spoke to your insurance company the vehicle is now only worth $25,000 which is the amount they would pay as your claim. On the other hand, your car dealer says they need you to pay the full amount of the car.

Read full article…

Tags: Gap Insurance, Insurance

No Comments »

Posted on Wednesday, 20th January 2010 by admin

The ins-and-outs of travel insurance can be quite intricate so even the most seasoned travelers run into trouble once in awhile. If you are unfamiliar with travel insurance, you may find it hard to understand and you may have a lot of questions about it. What is it for? How long does it cover me? What does it cover? However, one of most common questions doesn’t have anything to do with what is covered in a travel insurance policy, but people want to know when they can obtain it.

Most experienced travelers choose to obtain travel insurance before they leave on a trip. This makes sense because they know how long their trip will last, who will be coming on the trip, what kind of coverage they are likely to need, and many other important factors. O

Read full article…

Tags: Insurance, Travel Insurance

No Comments »