Life insurance is a financial security for your family in case anything was to happen to you tomorrow. This importance of insurance has been stressed by various financial experts and is known by one and all. Yet, when it comes to taking a policy, investors are still shrouded with various misconceptions in their minds. Here’s clarifying some of the most common ones, to help one make better decisions and plan a much secure life.
Myth 1: I am still young.
The government’s latest update on flood insurance has met with harsh words from the industry body, the Association of British Insurers. You can read the government’s two-page “progress update” here.
The current agreement between government and insurers, known as the statement of principles, obliges insurance companies to offer flood cover as part of standard policies. It expires in 2013 and to ensure that 200,000 high-risk households have access to flood insurance in a year’s time, a sustainable subsidy model is needed, which is paid for either by taxpayers, low-risk households or both, the ABI said.
Its director general, Otto Thoresen, said:
This is a frustrating update from the government.
Selecting a perfect car insurance cover for your vehicle is a difficult task. There are many things to be considered before purchasing a car insurance policy. With a number of different insurance companies available out there, you should opt for the one that offers the best level of coverage at reasonable costs.
Unlike the earlier times, insurance companies are now available online. This allows you to visit their web portal, look for different types of insurance policies available and make your decision accordingly. With so many options available you can look for car insurance quote with better coverage at lower prices.
While looking for cheap car insurance cover, ensure that you compare identical or similar policies.
Insurers could wind up paying more than $35 billion to settle claims for damages suffered by vehicle, home and business owners this year as a result of natural disasters, according to new data from the Insurance Information Institute that paints a grim picture of the toll taken by catastrophes in 2011.
“Catastrophes striking the United States in the first nine months of 2011 caused $32.6 billion in direct insured losses, nearly double the $18.6 billion in catastrophe-caused direct insured losses insurers generally incur over the first nine months of any given year,” Robert Hartwig, an economist and president of III, said in a news release.
Hartwig noted that the figures did not include losses from a surprise late-October snow storm that struck the Northeast, killing more than two dozen people and knocking out electricity to a million residents.
Yamaha has long claimed that its All Terrain Vehicles are the most durable and strongest on the market. A recent study may help prove them right, ATV.com reports.In a comparison study of continuously variable transmissions conducted by ADP Lightspeed, Yamaha ranked highest in reported warranty and non-warranty repair orders for its 2007 to 2010 4×4 ATV models with 400cc engines and above, according to the news source.Steve Nessl, Yamahas ATV and SxS group marketing manager, told the website that many ATV developers are all bark and no bite.
You are a working professional with a monthly salary and a degree that can take you places. Perhaps you already are on your way to get that big promotion you have been eyeing for. Chances are that you will get a jump in your monthly pay or even a fat bonus that will enable you to buy a bigger house or a fancy car or to go to your dream holiday destination. But, what are the chances that you have set aside a few lakh rupees just to take care of your health care costs, if need be? My guess is that you haven’t and you’d rather think of this at a later date say, when you get another raise.
But how will that be of any help?