John and Mary live in a nice five bedroom home located in California. They’ve lived in their three thousand square foot home for twenty five years and are retired. Their home is paid for and worth about $900,000. They live off their retirement and have hardly no bills to pay. John and Mary have always…
Category: Umbrella
Umbrella Insurance
Umbrella insurance is meant to shield consumers from charges that go beyond what their traditional insurance covers. In auto coverage, an umbrella plan will kick in after a traditional liability or comprehensive insurance plan stops paying. For example, if you’re in an accident and are found to be at fault, the insurance you have will…
Architect Liability Insurance
Architects have always been in demand for their ability to design houses and buildings that people hold in awe. It is a highly skilled profession, where projects range in size and scope, from small office buildings to colossal sports stadiums. However, most people can only see the bright side of architecture as a profession and…
Medical Liability Insurance
Medical practitioners are often faced with lawsuits and claims for negligence and malpractice – an occupational hazard of being a medical practitioner. Hence, medical liability insurance that covers practitioners in case of such lawsuits and claims is very important for every kind of medical professional. There are many insurance companies that offer medical liability insurance….
Engineer Liability Insurance
Since the onset of modern society, engineers have toiled and made man?s best dreams come true. They have, in their own ways, laid the foundations of a civil society, and, in turn, engineering has remained a lucrative business. However, like every other human, engineers are prone to follies and errors. When a case is filed…
Business Owner’s Policy – BOP
Business Owner’s Policy (BOP) refers to the insurance package, which is a combination of both property insurance and liability insurance. The reasonable price tag makes this option more attractive for the small businesses instead of buying separate policies for property insurance and liability insurance. Business owner’s policy is not suitable for the large businesses because…
Individual Health Insurance Versus Family Insurance – Which Is Better?
As an insurance customer you may have to consider which is more cost effective, an independent health insurance plan or a plan that includes your family. Individual health insurance will generally be cheaper than health insurance that must be extended to cover several individuals unless the individual in question is suffering from numerous complications. There’s…
Do You Need an Umbrella Policy?
The purpose of an umbrella insurance policy is to extend the range of coverage above the limits you already have. Insurance companies will typically offer auto and homeowners insurance up to around $500,000 for liability. This is enough to cover most claims. However serious accidents can result in lawsuits above $500,000. An umbrella policy can…
Umbrella Insurance Policies and Why You Need Them
If you are like me then you have lots of various insurance policies. Some are required by banks or lending institutions, others provide peace of mind from your worst fears. Unfortunately, even with all the coverage for all these various things, sometimes it is just not enough. This is why you need to discuss and…
Insurance Phoenix – The Amazing Umbrella Policy
Umbrella insurance protection is usually one of the last insurance products a consumer buys. I understand the reasoning. A family budget is stretched thin and we often feel “insurance poor”. But what happens if you or a family member (such as a teen driver) is involved in an auto crash that injures others? Do you…
Health Insurance- an Umbrella for The Rainy Days
Health is wealth. This is one side of the coin. The other side is that you need wealth to recover from bad health.No one can foresee an illness and sudden medical emergencies. A person finds himself/herself in deep waters when such a contingency arises. This is because medical bills are exorbitant and paying them without…
Income Protection Insurance: A Boon for the Salaried Class
The main cause of worry for all salaried people is that what would become of their families if something unfortunate were to happen to them. People who are the sole breadwinners of the their families, especially have this tension about an uncertain future and the fate of their loved ones. The Income Protection Insurance or…
Income Protection – A Reliable Way To Protect Your Finance
For working people, situation may be there in life when they get sick and have to stay back at home, and getting their disease treated. Most of the people absent from their work suffer from lacking finance. It doesn’t only cause the entire dependent family to suffer, but also they lack money to get their…
Financial Protection – The Best One Can Expect To Get
One of the troubles with present times is the continuously rising prices. This menace was there in all ages, but in today’s times it has reached a stage when one simply cannot afford to live beyond one’s budget. In this scenario, imagine the plight of people who suddenly have to cough up money to meet…
Why You Should Consider Umbrella Insurance
Why do you carry an umbrella? The easy answer is so that you protect yourself from the rain, right? Well, not exactly. You also carry an umbrella in case it rains, at least forward-looking people do. And business owners and professionals looking for the right insurance always have to be forward-looking, don’t they? In other…
Why You Need An Umbrella Insurance Policy?
You might have heard about Umbrella Insurance, but may be you do not exactly know what it means. It does not guarantee you to stay dry, while walking in the rain, but it provides an umbrella of almost everything that other traditional insurance policies do not. As well as this, fills in gaps in coverage…
An Umbrella Policy – How It Will Help You Pay Less For Superior Auto Insurance
Buy an umbrella policy and reduce your bodily injury liability coverage to the barest minimum stipulated by law. The more substantial your asset, they more this recommendation is true in your case. What do you buy bodily injury liability coverage for? It’s to take care of passengers involved in an accident along with the other…
So You Think You Are Prepared Financially?
What happens when you are sued for more than your basic homeowners or auto insurance policy covers and are found liable? Well, for most people, it would mean liquidating unprotected assets in order to satisfy the judgment. This may mean garnished wages, selling property, and possibly losing some of your investments. This is certainly a…
Umbrella Companies
In the UK, an umbrella company acts as employer to independent contractors who work under temporary contract, usually through a specialist employment agency. Recruitment agencies will only issue contracts to a limited company. Since the introduction of the Managed Service Company legislation in the 2007 budget, the only way an independent contractor can comply with…
Why You Need an Umbrella Insurance Policy
We have all heard stories where someone gets sued for a huge amount, but the insurance company only covers a certain amount. The Insurance Company goes to court for the policy holder, but the courts award more money than the face value of the policy. The Insurance company pays up to their limits and the…