Health Insurers Kill Real Rate Regulation Legislation; Insurer-Friendly Politicians Line Up Behind Proposal That Will Drive Up Rates in California
Posted on August 31st, 2010
Jones/Feuer Effort Defeated; Schwarzenegger/Leno Bill Clears Legislature Allowing Insurers to Charge “Unreasonable” and “Unjustified” Premiums
Santa Monica, CA – Sacramento lawmakers, buffeted by hundreds of thousands of dollars in insurance company contributions, defeated a strong insurance rate reform bill supported by consumer and labor organization (AB 2578- Jones/Feuer) late Tuesday night. De
Homeowners give thieves a sporting chance
Posted on August 31st, 2010
Specialist home insurer Hiscox has commissioned research which reveals that homeowners are exposing themselves by leaving valuable sports equipment, unsecured, in gardens and garages.
The goods, with an average value of £770, are left in gardens and car boots by 53% of the professionals surveyed.
More than a quarter (26%) also admitted that their gardens and outbuildings were not properly secured.
Two out of every five either do use their sporting equipment only seasonally (21%) or have not touched it for a year (19%).
Over a third (37%) are unsure whether or not their sporting goods are insured, and 15% acknowledge that they are not.
Hiscox home insurance expert Austyn Tusler explained that it was easy for homeowners to focus upon newer sports equipment, and neglect the less used, older goods at the back of sheds and garages.
Gap year travel insurance helps ‘plug personal safety gap’
Posted on August 29th, 2010
Students who have just finished their A levels and are about to embark on a gap year should take some time to make sure they are properly prepared, including taking adequate travel insurance with them. While gap year travellers spend hours deciding where to go, specialist insurance provider Hiscox urges them to consider ways of protecting their personal safety and keeping out of trouble while they are abroad. Before they go, Hiscox suggests a few tips for preparation: investigate the health situation and ensuring they have had the required vaccinations; gain an understanding of local laws and customs to avoid a run in with the authorities; ensure necessary documents are carried and kept safe, taking along copies of important things like passports. Read more…
Getting an auto insurance quote for free
Posted on August 28th, 2010
Whether you’re using the Internet or the Yellow Pages, getting a free auto insurance quote will save you money. Sure there are much better ways to spend your time than getting free auto insurance quotes, but without them you may end up overpaying. Before embarking on your search for a free auto insurance quote, you will need to compile all the information necessary to get an accurate quote. That includes your driver’s license, address and employment information such as your occupation, employer’s address and how many miles you drive to work each day.Gather all your information
Do you have enough home insurance coverage for your condo?
Posted on August 28th, 2010
Condominium-living offers a few obvious advantages: no lawn mowing, no painting window frames or cleaning out gutters.
But it places other burdens on property owners–chief among them is property insurance. A standard homeowners insurance policy for a single-family home typically covers the physical structure of the home, the property on which the house sits, as well as the property within the home.
Condominium or co-op “master” policies
Homeowners insurance is more complicated with condominiums. To ensure top-to-bottom protection for your real estate investment, you will likely need a separate insurance policy to cover the gaps in the condominium association’s “master” policy.
Life insurance disregarded by a third of mortgage borrowers
Posted on August 26th, 2010
Almost a third of new mortgages do not have life insurance associated with them, new research from Defaqto has revealed. The financial research company has highlighted the risk of taking on debts such as mortgages without having sufficient protection in place should something happen to the borrower, leaving their family to repay the debt. The report points to figures from the Association of British Insurers from 2009 which show that 363,973 new mortgage-related life insurance policies were written, whereas the Council of Mortgage Lenders recorded a comparatively high 925,000 new mortgage advances for the same period. Read more…