Are You Covered by Insurance in a Road Rage Incident?

In a perfect world, every auto driver would operate his or her vehicle responsibly without the need to worry about the next car's inappropriate or dangerous driving. Unfortunately, life is far from perfect and the roads can be an extremely perilous place for everyone that shares it. Fortunately, there is insurance that protects us from the very real likelihood of accident occurrence.

Road rage is the term used for people who get behind the wheel when they are angry or upset and drive in an aggressive manner, venting their frustrations where they should not be vented, causing mayhem, disorder, fear and damages.

For the driver that fits into this category, insurance will not protect them from an ensuing claim or lawsuit. Insurance companies have designed their policies so that coverage is there for liability in the event an unintentional mishap occurs. In the case of road rage, the lack of proper driving etiquette is a deliberate act and the industry will not compensate for losses.

Logic, of course, is in favor of this. What about the victim of road rage, though? Does auto or truck insurance cover the victim?

While the 'mad driver' is legally liable for all damages, there are methods to utilize to ensure you will be covered as you should be. The industry provides the following options to all plans that give you the additional protection you may need from road rage perils.

Auto insurance with included comprehensive coverage, as well as collision coverage will benefit the innocent victim from vehicle or personal damage, injury or even death.
When all is said and done, however, every responsible driver – no matter how much coverage he or she has – does not want to be involved in a road rage event. So, how does the 'average Joe / Jane' protect him or herself from being victimized? The following will provide guidance:

1. Don't respond to any provocation. Giving tit for tat may only serve to increase the perpetuator's aggressiveness.
2. Allow the other driver room to pass.
3. Shut and lock all car windows; lock the doors.
4. Attempt to speed away.
5. Commit the road rager's license number to memory and report it to authorities when you get home or out of your accoster's way.

Being prepared is the best way to get out of a bad situation. For more information about road rage coverage and prevention, speak to an experienced, independent agent that serves the broader community with all forms of auto, home, business, life insurance and more.

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Understanding Your Homeowners Insurance Policy

Homeowners insurance is a policy that protects homeowners from financial liability resulting from damage caused to or on their property. There are several types of insurance policies with different options that protect owners from risk.

Insurance policies cover many risks such as: (1) lightning, (2) theft, (3) vandalism, and (4) falling objects in storms. Other potential issues such as: (1) explosions, (2) civil unrest, (3) falling objects, (3) vehicles, (4) smoke damage, (5) weight of ice snow or sleet, (6) freezing, ( 7) heating and air-conditioning (8) fire protection systems, (9) appliances, (10) fences, and (11) other dwellings, may be covered under your insurance policy. Standard insurance policies also cover damage from snow and damage to electrical and plumbing systems. Most insurance policies provide a $ 100,000 per person / $ 300,000 total per incident liability coverage. There are some surprising items covered under a standard homeowners insurance policy which include other household members' property, such as a children (s) property. For instance, if you have a child in college who lives on campus their personal possessions would be covered under their parent (s) 'insurance policy.

There are three different levels of homeowners insurance that can be purchased. The different levels of insurance include: (1) on actual cash value, (2) replacement costs, and (3) guaranteed replacement costs. The actual cash value coverage provides owners with payments to replace homes or covered belongings at their current depreciated value. Whereas, replacement coverage pays for the cost of fixing or replacing possessions, and guaranteed replacement coverage pays for the complete rebuilding of the house (no matter the cost). There is also extended coverage which pays for up to a percentage of the policies covered limit.

The benefits of purchasing homeowners insurance include transferring financial risk from the homeowner to the insurance company. Homeowners insurance will also pay the medical expenses of third parties who are injured on your property. Homeowners insurance can be expensive, but there are ways to reduce the cost. The first and easiest way to reduce your annual expense is to increase your deductible; You can also reduce the annual cost of your insurance by installing a security system. It should also be noted that non-smokers on average pay less for homeowners insurance than smokers.

There are many things that standard insurance policies do not cover; These include damage caused by floods, earthquakes, and hurricanes. Although, these uncovered risks could be covered under a different insurance policy. Also, it is highly suggested for homeowners to add sewer backup as a protection endorsement. This endorsement is relatively inexpensive and would cover sewer backup into a home which would cover damage to floors, walls, furniture, and electrical systems. In addition to homeowners insurance covering your dwelling, it also covers other buildings on the property, landscaping, damage or loss to your personal property, and belongings. Your policy should also cover any temporary living expenses you may have if you or your home is damaged, in addition to covering anyone else injured on your …

The Relationship Between Insurance and Finance

Insurance and finance are closely interwoven fields of business, not least because they both involve money. They also often both involve speculation and risk, and often where one goes, the other will follow. Take property investment for example, it involves a large amount of capital out lay, swiftly followed by insurance to protect the capital investment. It would be ridiculous to spend such a vast sum of money on a venture and not protect it against possible damage. It therefore makes sense to store information on these two subjects together, as the relationship is so logical.

Insurance is a form of risk management used to protect the insured against the risk of a loss. It is defined as the equitable transfer of the risk of a loss from one entity to another in exchange for a premium. There are different types of insurance for just about every conceivable event. The most common insurance is probably life insurance, which provides a monetary benefit to a decedent's family or other designated beneficiary.

It can cover funeral or burial costs and can be paid out to the beneficiary in either a lump sum or as an annuity. Property insurance is one of the more necessary insurances as property is extremely expensive and if it is lost or damaged for some reason (fire, earthquake, flood) it can be very difficult to replace without adequate reimbursement. Travel insurance used to be seen as an unnecessary expense and is still viewed as such by many. Its importance is, however, being considered recognized by the public at large. It is cover taken by those who travel abroad and covers certain unforeseen events such as medical expenses, loss of personal belongings, travel delays etc. There are numerous other types of insurance, too many to mention, all vital if you want to protect something of particular importance to you or another.

In the world of finance there are many sub-categories, also too numerous to mention but a few will be included here. Forex, or the foreign exchange market wherever one currency is traded for another. It includes trading between banks, speculators, institutions, corporations, governments, and other financial markets. The average daily trade in the global forex is over US $ 3 trillion.

Tax consulting usually involves CPAs and tax lawyers in addressing any tax issues that you may have. There may also be Professional Strategic Tax Planners and Enrolled Agents, depending on the company that you hire. They will help you reduce your tax debt, eliminate tax penalties, an innocent spouse claim, tax liens, bank levies, and preparing unfilled tax returns, as well as any other tax resolution problem that you might have.

Property investment is usually when an investor buys property with an eye to generate profit and not to occupy it. It is an asset that has been purchased and held for future appreciation, income or portfolio purposes. In some instances an investment property does not have to be held for profit, as some landlords in New …

Commercial General Liability Insurance Policy

Business owners work extremely hard to operate, and need protection from unexpected accidents or liabilities, which could otherwise put them out of business. Commercial general liability insurance, or CGL, has been designed to keep business assets and resources protected and secured should a claim arise.

Overview

Commercial General Liability (CGL) insurance policies are a very important protection for policyholders, broadly providing defense and indemnity coverage against claims for bodily injury and property damage. CGL policies typically are written on standard policy forms developed by nationwide insurance industry organizations.

Significance of Commercial Liability Insurance

Operating a business in a litigious society like we have, greatly increases the chances of a potential claim or lawsuit. It is important for business owners to know they have protection, so they can focus on running their business.

A CGL policy takes the responsibility of covering the injury costs for you and your employees, as well as covering your legal defense cost and settlement.

The most common coverage items are listed below:

Lawsuits
Investigations
Settlements
Injury damages
Punitive damages
Non-monetary damages
Compensatory damages
Losses on rental property
Claims against misleading advertisement
Claims against copyright infringements

If you are wondering how you will determine your coverage needs, it depends upon the nature of your business, its location, and the perceived risk by the business. For example, you need more coverage if you are a building contractor in contrast with the consultant or a web designer. This is because both the businesses have different natures and level of perceived risks.

The benefits of a CGL Policy

Insurance companies understand about you and your company. They view the in depth details of your business including quality control, safety standards, and risk management.

Bodily injury coverage helps in protecting you or the injured party if caused by your business operations.

Personal injury coverage aids in securing you from libel, slander, false arrest and wrongful entry.

Advertising injury compensation covers your legal liability for a wide range of offenses owing to the advertising of your business' services and goods.

The importance or requirements of a CGL policy for a business owner can't be stressed enough. Without any or adequate protection a business owner may face a crippling claim at any time, and this level of uncertainty will make running a business nearly impossible. With the importance of protection adequately understood, insuring an adequate level of level of coverage is the secondary concern. With the help of a qualified agent / broker, business owners can get the coverage and peace of mind to focus on operating.

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How to Choose the Best Vision Insurance Plan!

Vision insurance is a form of insurance that provides coverage for the services rendered by eye care professionals such as ophthalmologists and optometrists etc. According to an estimate, almost 50% of Americans suffer from eye sight problems and have to wear the prescribed contact lenses or eye glasses. Vision insurance plans offer great deal to help you with the costs of your contacts, glasses and eye checkup.

An eye Insurance plan is different from the regular health insurances. Eye Insurance plan is designed to help you covering cost of eye checkups and medication by offering partial of full cost of checkup services. There are many vision insurance companies, however in a broad sense Vision insurance plans can be divided into two categories:

A Vision Benefits Package covers all services rendered by eye care professionals. The benefit package pays the balance on your behalf but at times you might have to pay a co-payment for the purchase of your contacts or glasses.

On the other hand a Vision Discount Plan provides eye checkup and other vision services at discounted rates. The discount plan provides you with a list of providers who are covered by your insurance company.

If you have vision problems then it is wise to opt for the Vision Insurance Plan. Eye glasses alone costs around $ 200 which helplessly we lose of break sooner or later. Vision Plan can reduce the cost by 50%. It also offers a variety of packages which cover your entire family. Especially if the children in your family are also suffering from eye sight problems, it is better to subscribe to a reasonable package with a good insurance company. With children it becomes specially important since they tend to lose or break their glasses more often and constant fixing.

Vision Insurance Plan with a good company will provide you with the quality service. Companies offer a wide range of plans suitable for a variety of customers. Carefully review the benefits offered by the company in each package. You should consider how often you would have to get an eye exam and how many pair of eye glasses or contact lenses you may need yearly or half yearly. It will help you to decide which package is more suitable for your needs, so you can derive maximum benefits. You can conduct some research online, in order to find the best Vision Insurance plan for your requirements and within your budget.

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6 Daily Tasks of Successful Insurance Agents

There is always a price for success in any business venture. Insurance selling is without exception. The price for success is to do things you are not comfortable with. You may experience pain by stretching yourself. You may need to make sacrifices in exchange for the success you want.

Successful insurance agents are aware of the price for success. They know the success of their business relies on their own efforts. They know they need a good work habit to assure their business success.

Highly successful agents organize their efforts and religiously execute their business activities on a daily basis. The following are the 6 daily tasks highly effective insurance agents do:

(a) Planning

Top performing agents can multi-task. They are very good at planning their day. They write the game plan. List out the tasks they want to accomplish. Get started and stay busy with the tasks they assign to themselves.

They are able to identify tasks that give them the highest payoff and maximize activities that support their sales results. They structure their days in such a manner that they get the most out of every hour spent.

(b) Make appointment

The only reason why we do not have any appointment is because we did not make any in advance. We reap what we sow. If we don't make appointment, we have zero appointment.

To top producers, making appointment is a continuous effort. Telephone call is insurance agents' first contact with their potential customers. Knowing how to interact with prospects over the telephone can make a difference when meeting with them face to face.

They may have called many people, yet they can still remain fresh and enthusiastic. They know they have only once chance to create the first good impression. They do not manufacture enthusiasm, they are genuinely excited when talking to people over the phone.

(c) Face to face with customers

Insurance agents are always put to tests when meeting with their prospects. A number of skill sets are being evaluated when they are up close and personal with their prospects. Doing homework is a must prior to meeting with the customers.

Their ability to build trust with prospects, their tactfulness to move from one phase of the sales process to another, their creative way to arouse interest, their attention to details when listening to customers' concerns, their problem solving skills etc are all always scrutinized by their customers.

To high flying agents, the biggest contributor to success will be the amount of time they spend communicating with customers face to face. It is important for them to be in front of their prospects as often as they can.

(d) Getting referral

Top producing agents always have their pipelines filled with referrals. They always have someone else to see at the end of every appointment. To them, getting referrals is not a nice-to-do but a must-do daily task. That explains why they never run out of prospects.

To earn referrals, they make sure they do fantastic …

Your Homeowners Insurance May Not Cover Woodpecker Damage

Meet Amy, City Girl that became a small town resident upon her marriage to George. The stark difference between living in the very center of urbanized civilization and township dwelling was somewhat of an adjustment for Amy. Sure she loved the sights and sounds of nature exposed: the lake, the trees, grass, flowers and the vibrant color of winged birds. Nonetheless, how she missed the hustle and bustle and – yes – even the noise of what she had always recognized as the center of commercial shopping, auto and bus traffic – honking included – and life as she had been bred to appreciate!

Though noise has always been the core of her existence, the incessant pecking on the side of her roof in small town America where she currently had set up residence did absolutely no good for her nerves. Five o'clock in the morning, you see was far too early for a woman of the world such as she to be rudely awoken from her slumbering state. And the fact that the pecking was coming from a fine feathered 'friend' known most commonly as the woodpecker did little to placate her uneasiness.

Then came the crunch that really threw Amy off. It appeared as the bothersome woodpecker had begun to incur damage on her lovely home! But nothing could appease Amy when she discovered that her standard homeowners insurance policy did not even cover the damages and losses she now suffered!

"You see, Ma'am," explained the nice insurance agent, "insurance companies simply do not cover general home liability that has been wrought through negligence. In fact, they view woodpecker damage as something that could have been avoided through proper home maintenance . "

If only Amy had known! She most certainly would have confronted the little peril with a vengeance. Now it appeared that it was too late and she and her husband would have to bear the losses through out of the pocket expenditures.

They say life is a great teacher. Amy knows better than most.

"Learn from me," says Amy, former city dweller. "Don't let pests get the better of you or your home risks will!"

How does one tackle a woodpecker problem? There are a number of hands-on methods:

• Go out and purchase a tool that's on the market in regard to woodpecker deterrence.

• Surround outside home spots that connect to the roof with wired fencing.

• Attach colorful tape below roof and around the roof's gutters.

• Seal attic holes and house siding with caulk or other materials.

• Hire a pest eliminating firm to take care of the problem.

• Explore your own creative to tackle the nasty wood-pecking problem.

Ask Amy. She'll tell you forearmed is indeed forewarned: speak to an independent insurance agent about your homeowners insurance policy to make sure it is tailored to your needs.

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How Much Liability Insurance Do You Need?

When most people consider their insurance needs, only certain types of coverage typically come to mind. Health insurance and life (or sometimes disability) insurance protect you and your loved ones; car and homeowner's or renter's insurance protect your major tangible assets.

Personal liability insurance, frequently called an "umbrella" policy, seldom makes this list. But when a rainy day – or an expensive lawsuit – turns up, sometimes nothing but an umbrella will do.

As the name suggests, personal liability coverage mainly exists to protect against claims of liability. In most cases, that means finding yourself, and your assets, the target of a civil lawsuit. A personal liability policy may seem like overkill for individuals who already hold three or four insurance policies. It is true that not everyone needs such protection. But an umbrella policy effectively defends your assets and future income against damage claims that can arise from a wide variety of scenarios. Much like flood insurance for beachfront property, liability insurance is a product you hope you never need to use, but one which can create substantial peace of mind in the meantime.

Who Needs Liability Insurance?

Some level of personal liability coverage is built into homeowner's (or renter's) insurance and auto insurance. For many people, this may be sufficient. In part, this is because some types of assets are shielded by state and federal law. For instance, a court cannot force you to use qualified retirement accounts, such as 401 (k) s, to pay a legal judgment, and most states have laws protecting traditional IRAs. Some states protect Roth IRAs and other retirement accounts, too. Many states also protect your primary residence, though the precise rules vary; Florida, for instance, offers very strong protections in this area, while other states may only shield a certain level of home equity.

You can also protect certain assets from lawsuits through estate planning tools, such as properly structured and funded irrevocable trusts. However, be wary of setting up such trusts directly after an incident you fear may trigger a lawsuit. If it looks as if you are simply trying to dodge future creditors, the courts could determine that the asset transfer is fraudulent, rendering these assets available to pay a judgment.

If you don't have many assets outside your retirement savings and your primary residence, then your existing liability coverage may be sufficient. But second homes and nonretirement investment accounts are vulnerable. High income earners, and their spouses, may also want to consider their coverage options, since courts have been known to garnish wages to satisfy judgments.

While the amounts vary by geography and insurance policy, homeowner's insurance usually includes up to $ 300,000 of personal liability coverage. Auto insurance typically covers up to $ 250,000 for each person and $ 500,000 per accident involving bodily harm, and less for incidents that involve property damage only. Yet lawsuits for serious accidents can sometimes result in judgments or settlements for millions of dollars. This is where umbrella policies kick in.

Most …

The Affordable Alternative to Traditional Individual Health Insurance

As a way to begin let's define what I mean by traditional health insurance. The traditional health insurance policy is composed of:

The deductible – This is the amount that you have to pay for a medical event before your health insurance will start to pay. In today's world that deductible is often $ 3000 or more.

The coinsurance – After the deductible is met most policies require that the insured pay a percentage of all medical costs up to a maximum. Usually the insured pays anywhere from 20% to as much as 50% of every dollar billed.

The copays – In an attempt to make routine health care accessible many policies include a copay for doctor visits and prescriptions in lieu of having to meet a deductible. An example of this is the $ 10 office visit copay.

Maximum Out-Of-Pocket Costs – This is the most that an insured can expect to pay regardless of how large the medical bills are. As a general rule the maximum out-of-pocket costs for an individual are limited to around $ 7000. This can be a very misleading number because it assumes that all of your providers are in your network. If they are out of network your costs can be significantly higher.

And finally the "Network" – Virtually every traditional individual health insurance policy is tied to a network of providers. The narrower the healthcare network, the lower the premium. There is too much wrong with "networks" for this article. Suffice it to say that "networks" are the enemy of the healthcare consumer (you).

The Problem Facing Working Americans

The problem is simple: health insurance premiums are too high for most working Americans in the absence of a subsidy and when combined with extremely high deductible and out of pocket costs, healthcare becomes unaffordable. Let's look at a couple of examples right here in North Carolina.

A non-smoking couple ages 62 and 63 find that their lowest premium option with BCBS of NC is $ 1999 a month for a $ 13,300 family deductible with no copays. A plan with a $ 7000 deductible and $ 25 office visit copays would cost $ 2682 per month.

Assuming the least expensive plan the annual cost would be $ 23,988 annually. And if either person had a medical event such as cancer, the actual cost for healthcare would be $ 37,288. You have to ask: "Why even have health insurance?"

A non-smoking 30 year old couple found that the least expensive plan would cost $ 787.84 a month for a $ 13,300 family deductible with no copays. The least expensive plan that included copays was $ 1056.88 but had a $ 7000 deductible and the most restrictive network. Assuming the least expensive plan, should either member of this young couple have a medical event their total annual cost (deductible + premium) would be $ 16,454.08. That is a devastating amount of money for a young couple.

The simple solution to this problem is a …

Insurance Claim – What Are They?

Your insurance company provides this application to you so you can apply for benefits on your insurance policy whether it is a life, auto, or health insurance. You must file a claim before any money can be paid to any contracted service like a hospital or repair shop for your car. When you file insurance claims the company, based on their evaluation of the situation, may pay the claim or they may not.

When you take out an insurance policy, you must continue making monthly payments to the insurance company. These are called premiums. Generally, these premiums are used to increase the available assets of the company or to settle another person's claim. Occasionally an accident will happen that can cause financial damage like a tornado, automobile wreck, or work-related accident. When this happens, the injured policyholder can file an insurance claim to receive money from that company.

When filing an insurance claim you will file it with a local agent that works for the company and they have the responsibility to instigate the specific details of the claim. Then the agent negotiates the payment from the main insurance company. Many times a recognized authority such as a repair shop, building contractor, or medical professional can file the necessary forms with the insurance company directly. If another party has agreed to pay for their mistake out-of-pocket or the damage is minor, the policyholder may not want to file an insurance claim.

Once an insurance claim is filed the insurance company usually has an appraiser or adjustor without bias evaluate the damage and determine if the estimates for repair the policy holder got are realistic. This can help prevent fraud by companies who inflate their estimates so they can get additional compensation. Most insurance companies will accept the appraiser or adjustor's valuation as the last word. There are some insurance claims may not be paid for many reasons. Some of these reasons can include:

• The claimant's premiums have not been paid each month and they are behind
• Policy may be inactive
• Another insurance company may have agreed to pay for the damages that were listed in the insurance claim. This happens often in car accidents where one of the parties is held responsible for the accident.
• Failure to not be under the conditions that are covered because most insurance policies specify specific areas that qualify for benefits
• If the damage or accident claim was an unavoidable "Act of God" or caused by carelessness your insurance company has the right to withhold payment.

The only way to officially apply for benefits is to file a claim. Until your insurance company has assessed the claim, it will remain as that and not a payout.

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