August 1, 2014

Caravan Insurance Policy Excess a Definition

Colorful Roulotte Sculpture

No-one likes the thought of paying for insurance premiums, particularly when budgets are becoming increasingly tight. Unfortunately it’s an essential part of life, and if you own a caravan then it’s vital you invest in appropriate touring caravan insurance.

You need an adequate policy not only to ensure you’re staying within the law but also to protect your investment should accidents or loss of possessions occur, but of course you’re always going to be on the lookout for ways to save some cash. Luckily it doesn’t have to be that difficult to reduce the premiums of your caravan insurance policy, and you don’t even have to sacrifice your level of cover – if you take a voluntary excess you could instantly reduce your premiums without having to lose a thing.

This can be a great way to reduce your premiums for the simple fact that you’re less of a financial risk to the insurer. If they don’t have to pay out so much in the event of a claim they’ll be able to lower your premiums accordingly, and in the long run this can save a huge amount of cash. Of course, there will always be risks involved – you need to remember that a higher excess will mean you have to pay more to cover the cost of repairs or replacement, so this isn’t a method that’s going to be viable for everyone.

However, in many instances it can be the perfect solution. As long as you keep it realistic (i.e. don’t take out an excess that will leave you in financial difficulty should you need to make a claim, as this of course defeats the object) it could be a great option, and always make sure to discuss your needs with your individual insurer as some will have different terms to others. So, don’t worry about paying over the odds – if you consider taking out a voluntary excess you could soon reduce the premiums of your caravan insurance policy to have more cash in your pocket every month.

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Top 4 Things You Should Know About Travel Insurance

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In this modern age of last minute flights, round the world travel, and tickets bought on your computer, it can be easy to forget about how important it is to purchase travel insurance for your trip. As a reminder, here are the top four things you should know about travel insurance.

1. It is important to purchase travel insurance as soon as you pay a deposit for the trip.
One of the biggest benefits to having travel insurance is that if certain circumstances occur that prevent you from being able to take your vacation, you can be refunded the amount already paid out, whether that is a deposit or the entire cost. Every day that you have paid for the trip but not purchased travel insurance is an extra day that your hard earned vacation money is at risk. Some reasons that you might need to cancel a trip before it has even begun include things like:

-Sudden illness of you or your travel companions
-Death in the family
-Damage to your home, which requires you to be nearby (including fires or floods)
-Loss of your job

2. Many travelers mistakenly believe they don’t need travel insurance because they already have health insurance. However, nearly all health insurance policies fail to cover international travel, and will not protect you when abroad. Not only will travel insurance cover medical costs if you have an accident on vacation, but it can also organize and pay for medical evacuation, which is especially vital if you plan to travel to an isolated tropical destination, or a third world country.

3. Although it is nice to think that airlines never lose or damage baggage when traveling, it does unfortunately happen from time to time. Often, the airlines only cover a portion of the value of your travel items, and also won’t pay to replace them on short notice once you have arrived at your destination. Travel insurance can mean that you are covered for the entire value of your belongings, and may also be reimbursed for the last minute items you have to purchase while on vacation. In addition, they can help cover costs of items that are damaged on trains, while being portered in hotels, or just from accidents that happen while traveling.

4. Many types of travel insurance include car insurance, which is especially helpful if you plan to rent or drive a car while on vacation. When you rent the car, you will not have to pay for car insurance again, as you are already covered. Your travel insurance should pay for things like medical fees due to an accident, or roadside assistance.

Heather Johnson writes for Honeymoon Destinations, the best honeymoon research and planning website. Discover some great honeymoon ideas today!

Why You Should Get Your Engagement Ring Insured

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When a girl (or boy) gets engaged it is usually one of the most exciting times of their life. Their other half has spent months – hopefully – ensuring that they have chosen the perfect ring for the occasion. They will have come up with the perfect wedding proposal idea that was executed with military precision and, understandably, excitement is at an all time high in the relationship.

The owner of this new, beautiful (and expensive ring) will be showing it off to all and sundry from the second it lands on the finger. The trouble with this, and for the foreseeable future, is that an engagement ring is incredibly easy to lose. It is likely to be the most sentimentally important object that you carry around on a daily basis and probably the most expensive too.

Discussing the insurance of the engagement ring is by and far the most unromantic thing you can do straight after proposing but it is really worth considering. Losing an engagement ring can be a traumatic time and  they can be tough to replace on a financial level if the person that proposed has spent a lot of time saving up for the aforementioned ring.
Some Quick Engagement Ring Insurance Tips

  • Will the ring be covered on your home contents insurance – worth checking out
  • Are you going to take out specialist jewellery insurance – this is worth looking into if you have an expensive ring
  • Will the insurance of the ring cover both loss, damage and theft – all of these are possible so it is worth considering for an item like an engagement ring that hold much more than monetary value
  • How money will you receive back – it is worth looking at the fine print. If your ring is expensive for the kind of income you get you will want to know that you can replace with something that is the same, similar and equally impressive
  • Are you going to be required to replace the ring from a certain jeweller? – The style, cut and gems in the ring are all going to be particular to you. This is worth investigating because if you have to replace form a specific jeweller you will want to know that you are going to be able to get a ring that was a close to the original as possible

If you are the owner of a beautiful engagement ring you need to be thinking about the possibility of the ring getting lost and damaged and whether you would be able to replace or repair such an expensive item without insurance money. If you have recently proposed or are about to propose it would be worth carrying out all of this investigation prior to popping the question – it could save a lot of heartache in the future!

Renters Insurance Guide

Nearly everybody faces the question of renters insurance at one point or another and subsequently basically everyone has to go through the research associated with it. In the end though the concept of renters insurance is actually remarkably simple; everything in your apartment needs to be insured somehow and this is what renters insurance is for. Of course there are a few different options available renters living in arlington apartments and other places, as well as plenty of providers, but in the end they all are just a way to insure the value of everything in your apartment.

The first thing you need to know about renters insurance is that you are probably not required to have it, but you should get it because your landlord’s insurance does not cover anything inside your apartment. Landlords will basically always have insurance to cover the building and property but do not make the mistake of thinking this will cover your personal belongings.

Obviously the importance of renters insurance should be quite clear. Odds are the replacement value for all of your belongings is quite high and if something was to happen you would have trouble replacing everything. This is why renters insurance is so crucial; if something like a fire or break in was to occur you wouldn’t have to worry about replacing everything yourself.

Possibly one of the best things about renters insurance is that it generally covers nearly any type of emergency or accident. Obviously each insurance provider will have slightly different policies but in general renters insurance covers everything from thunderstorms and weather damage to fires and theft. Regardless of what happens, your renters insurance will be there to cover the replacement of all of your possessions that were affected.

Now comes one of the most important parts: cost. A large majority of people assume that because renters insurance covers such a wide variety of things it will be quite expensive; believe it or not this is not the case. Renters insurance is remarkably affordable in nearly all cases. Depending on what insurance provider you choose as well as a few other factors renters insurance for those living in fort worth apartments could come out to as little as $10 a month; in many cases renters insurance will be less than $20 a month. For such a small monthly cost it really is amazing how much coverage you can get.

Depending on what insurance company you choose, renters liability insurance is also available. This is once again a fairly inexpensive option and it can save you a significant amount of money should the need ever arise. Liability insurance will protect you from ever being sued in case of an accident or injury in your apartment; this may not be a very common situation but the possibility is always there.

In the end there really is no reason not to have renters insurance. If something was to happen to your apartment you would likely have a very difficult time replacing all of the electronics, jewelry and other items you own. The monthly cost is incredibly low as well so there is no reason not to protect yourself in case of an emergency with renters insurance. It all comes down to how well you are willing to protect yourself and your belongings; if you’re willing to take the risk of being unprotected then renters insurance might not be a necessity for you.

Is The Free Travel Insurance That Comes With Credit Cards Sufficient?

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This is a guest post by Andre, who is part of the team that manages Australian Credit Cards, a service that helps you compare credit cards for free.

What are the possible advantages of Free Credit Card Travel Insurance?

●      Travel insurance doesn’t come cheap. They say that if you can’t afford to buy travel insurance, you can’t afford to travel. So the obvious answer to this question is the cost. If you are given a free travel insurance policy because you use a certain credit card then, technically, you do not need to buy your own cover as you already have it in place. This gives you plenty of savings to add to your travel fund.

●      While most people find there is limited value to free credit card travel insurance, some credit card providers do offer exceptional travel insurance depending on the membership level of their credit card holder or if you belong to a frequent-travellers’ loyalty scheme. Gold and Platinum credit cards holders can usually get proper travel coverage, but it would still be prudent to evaluate what exactly is covered. If you are not happy with some of the terms offered, you can ask if there are upgrades, which can often be had for a small extra fee.

What are the possible disadvantages of Credit Card Travel Insurance

●      When they say “free” travel insurance, it’s not exactly free since the annual fee for such cards is slightly higher than a regular card due to the complementary insurance. But the difference in fees is usually minimal and a lot lower than what you would have to pay for if you didn’t have free travel insurance with credit cards.

●      Additionally, in most cases, you need to use your credit card to purchase the trip because otherwise the free travel insurance doesn’t apply. It can only be valid if the traveler has booked travel and accommodation with the credit card itself.

●      Most of the free travel policies offered by credit card companies don’t usually provide full coverage. Usually, the consumer is actually only being given travel accident insurance, wherein the policy will give them insurance in an emergency or unforeseen events like accidents, whilst traveling to and from their destination. It will not, however, give them other travel benefits or additional cover whilst they are on their holiday.

●      There are some people who experience problems and bad service when making their claims. Most believe that the free travel insurance is just a selling feature for credit card companies to attract customers into buying their card with the high annual fee, but is actually tightfisted when it comes to paying out claims.

What should you consider in your free travel insurance?

Depending on the card you’re using, the free travel insurance usually has different types of policies, conditions, exclusions, amounts of cover and premium. Usually, the coverage is very basic or limited. Check several credit cards that offer the free travel insurance carefully before you make your final decision to understand exactly what’s being covered.

Here are some important facets to consider when deciding whether or not your insurance policy’s travellers’ coverage would suffice.

1. Health or Medical Coverage

Some policies don’t include medical coverage, which can be a serious problem since medical care in some parts of the globe is extremely expensive. You will want to have insurance for any treatments or medical expenses, including hospitalization that completely covers you, should you or any member of your group under your responsibility gets sick or has an accident. It would also help to make sure your coverage includes repatriation when going overseas.

2. Theft or Loss

Not having insurance for lost baggage can really be a problem especially when you’re traveling with your family. And likewise, when you’re travelling light, theft or loss of just one piece of luggage can immediately ruin your trip. Having insurance that will cover any of your losses well enough to comfortably allow you to continue your trip will put your mind at ease.

3. Disruptions or Delays

In the unfortunate event that your flight is cancelled or rearranged and it causes you to miss your connections, you may find yourself needing extra cash to cover your cost for the unexpected layover , like spending extra nights in a hotel.

4. Cancellation or Curtailment

Check if your free travel insurance policy covers you in emergencies or unavoidable circumstances that require you to discontinue your trip, such as flight cancellations due to social unrest, bad weather, illness or a death in the family.

5. Liability or Legal Costs

When traveling overseas, a small accident can cause lots of trouble. Be aware that some nations will jail a traveler until a case is fully investigated. If you are being held in a foreign country for any criminal acts or other legal reasons, the legal and basic personal expenses can pile up rapidly.

6. Life or Death Insurance

Even if you already have a life insurance policy, when traveling out of the country, it’s still best to make sure this is also offered in your credit card policy. If this is not already offered in the deal, you can pay the small premium for the extra coverage. It should give proper insurance for the elderly or medically frail travelers, and should cover the preparation and repatriation of remains, in the event of death.

How to get Vision Insurance

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Vision insurance provides an often much-needed financial boost to pay for preventative eye care. Without this insurance, you would have to pay a hefty price tag out of your own pocket, and consequently, your budget as well as your peace of mind would feel the strain. This article focuses on how to obtain vision insurance for yourself and your family.

What is vision insurance?

When you purchase a vision insurance policy, you receive full or partial coverage for a yearly routine eye exam. The routine eye exam tests your vision for any change in eyesight. If you wear prescription lenses, the prescription might change. Vision insurance also usually covers – fully or partially – the purchase of contact lenses or a pair of eyeglasses. If you need refractive surgery like PRK or LASEK, certain vision insurance plans might offer discounts on them as well.

How do you know which plan to purchase?

If you are employed with a company that offers group health insurance, check with your employer to find out whether they also offer a vision plan. Because larger businesses and groups garner more affordable rates from insurance companies, group policies are generally more cost-effective. This definitely gets you a better deal on the benefits you need for a much lower price.

If you are not eligible to enroll in group vision insurance through your employer, you will need to purchase an individual plan. Your friends, family members and doctors might prove to be fountains of information about which insurance companies and plans to consider. If you already see an optometrist or ophthalmologist regularly, make sure that your doctor accepts the plan you intend to purchase.

Online research is another way to obtain current information about good vision insurance plans. You can find websites for legitimate insurance companies with a good reputation that serve your area, research the plans that they offer and find contact information so that you can call or email with questions. Examples of companies include VSP, Humana One and Vision Plan of America.

How do you purchase the plan?

After researching different available plans, you need to narrow down your options and choose the best plan that fits your vision needs and budget. It’s helpful to ask yourself some key questions. Do you require new eyeglasses or contact lenses with a new prescription every year? Are you prone to breaking your glasses and need replacements often? You also want to compare each plan’s benefits, network of eye care professionals, co-payments, deductibles and premiums before making your choice.

When you decide on a plan, you can apply online on the company’s website, making sure that the website is secure. If you don’t feel comfortable divulging your personal information online, contact the company for alternative application methods.

Guest author Sara Roberts writes for Just Eyewear, an online retailer of prescription eyeglasses and sunglasses.