Planning A Family Automobile Insurance Policy With Teen Drivers

Mar 08

Car insurance is a major concern for parents all over the nation who are looking to start a family policy and protect their children behind the wheel. Family car insurance provides parents with an affordable and effective way to get car insurance for teen drivers. It is important for parents to understand what a family policy is and how it can help cover their young drivers. Automobile insurance is important for all drivers to have in the United States because it provides financial and legal protection for drivers and it is required by law for drivers of all ages to be insured before driving.

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Towergate launches CyberProtect

Mar 02

Towergate has launched CyberProtect, which claims to be the first product of its kind to provide all-business protection against the misuse of computers by employees, and the theft of intellectual property.

Developed in partnership with Marchant McKechnie, CyberProtect covers the costs associated with an investigation and data recovery related to the misuse of company-owned computer or IT equipment, up to a maximum sum insured of £50,000.

In the event of a claim, the investigation will be completed by approved third-party assessors and investigators, who are all members of the Digital Forensic Alliance, and evidence gathered will be admissible in the event of subsequent litigation.

Annual policies start from £190, depending on circumstances.

According to Towergate, CyberProtect comes at a time when the overall cost to the UK economy from cyber crime is around £27 billion per year.

The firms chief executive officer, Michael Rea, comments: “Cyber crime is serious, growing, and increasingly sophisticated, and poses a serious threat to most UK businesses.

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Travel insurance and star sign link investigated

Feb 29

A recent study has revealed that your star sign could determine how likely you are to claim on your travel insurance. The research was conducted by Mondial Assistance and appeared to establish a link between a person’s astrological sign and the average cost of their travel insurance claim, including how frequently they are likely to process a claim.

According to the results of the study, travellers who fall under the star sign of Taurus make the most expensive claims out of all the signs in the zodiac, on average 8.5% higher, however they only came in third place for the frequency with which they make claims.

While Virgos have a reputation for making order out of chaos, when it comes to accidents while on holiday, they’re up in second place right behind Taurus, for making costly claims on their policy, however they don’t claim as often as other signs.

The sign which is most likely to make a claim was found to be Capricorn, however they’re not all bad as they were also found to claim the least on average. Gemini

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Whole Life Insurance in Virginia and Restrictions

Feb 25

A whole life insurance policy makes it sure that your beneficiaries get the full advantage of the payments that you were making during your existence. If there are occurrences or any problems and the company doesn’t pay the due amount through one reason or the other, your monetary sacrifice will go to the dogs and no benefit will come out of it.

This precarious situation of non-payment to the beneficiaries may easily be avoided by giving special heed to the insurance company’s policies that you are buying for the purpose. Perusing the documents, terms and conditions, exclusions, and whole life indemnity and restrictions may lead you to make a better decision in this regard. If Read more…

The Best Cover for Businesses from Claims

Feb 25

Finances in a business venture are at a great risk and strain in the event of any lawsuit filed by a third party claiming damages. It is for this very event that insurance companies advice businesses to protect themselves against by going in for business liability insurance. Such an insurance not only covers the company for any financial liabilities incurred but will also help in covering the costs of legal expenditures that may need to be paid in the event of court cases.

A majority of businesses are sole propriety owned in the US. Not only does the business face a financial risk but even personal assets can be at risk. By paying some amount as Business Liability Insurance Premium there are three categories of insurances that you can go in for. Read more…

Chicago auto show: Fuel-efficient Volkswagen Beetle TDI making debut

Feb 21

Volkswagen is upping the Beetles fuel efficiency by reinstating its diesel engine. The 2013 VW Beetle TDI is set to make its debut this week at the Chicago auto show, bringing back fuel-efficient technology unavailable in the Beetle since 2006.The 2.0-liter direct-injection diesel is rated at 140 hp and 236 lb-ft of torque, and is expected to deliver as much as 29 mpg in the city and 39 mpg on the highway.

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Preauthorizations And Legal-eze: Why Health Insurers Have To Use Them

Feb 20

Insurance Regulatory Laws Van Mayhall has put together a particularly awesome Cavalcade of Risk.  Get out your pencils and head over there to read the great collection of articles and complete the crossword puzzle that goes along with them.  And for those of us who are always stumped by the crossword puzzles in the NY Times, this one is a bit easier to complete.

Hands down, my favorite article in this Cavalcade comes from Dr. Jaan Sidorov, writing about health insurance carriers, fine print and preauthorizations.  I agree with every point he makes.  And to answer his last question, Id definitely rather have a preauthorization and know before I get treatment that my health insurance carrier is ok with it than have a retroactive audit after the procedure is done.

The basic point Jaan makes is that yes, health insurance carriers use a lot of legal-eze and tend to go over claims with a fine-toothed comb.  Bu

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Progressive Using Image-Capture Technology for Insurance Quotes

Feb 19

Progressive Insurance recently announced that its making it easier for consumers to get quotes and buy car insurance online through their mobile phones.

The direct-to-consumer car insurer will make available to 15 states in February and more throughout 2012 a new function on its mobile app that allows users to get quotes just by taking pictures of pertinent documents and supplying a little additional information.

The technology is called Image Capture, and it will be integrated right into the mobile quoting process.

Instead of manually inputting personal datalike address, drivers license number, and vehicle make, model and yearusers can just take a photo of their drivers license and VIN bar code or current insurance card, and the data fields on the app will autopopulate.

The number you get through our mobile app is a valid quote, not a ballpark, said Matt Lehman, Progressives mobile business leader.

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