Lying to Auto Insurers Costing Insurance Companies Billions

When signing up for auto insurance coverage, it is important to provide accurate information. According to a new report, auto insurance companies lost more than 15 billion dollars because their policy holders gave them bad information.

For example, many people lie about how much mileage is on their vehicle or they fail to report when they get married, divorced, or have another change occur in their life. Many people avoid notifying their auto insurance company of these changes because they are afraid of their insurance premiums increasing.

However, knowingly lying to auto insurance agents is almost like fraud because you are doing something which effectively alters how your insurance premiums are determined.

Read more…

How Vehicle Damage Is Assessed In A Car Insurance Claim

No one wants to be involved in an auto accident, even if they have the best auto insurance coverage in the country. Not can accidents put your vehicle out of commission, but high-speed collisions can mean short or long-term injuries, and may even involve your vehicle being written off as a “total loss”. Despite having auto insurance for years, many clients have never been involved in an accident, and when one occurs, they are unsure of what they are supposed to do or how they are supposed to begin the insurance claims process.

Read more…

Insurance for International Students

Because universities offering foreign study programs do not want to be burdened with medical expenses acquired by its international students, it has always been a requirement for these international students to get international student insurance. Nowadays, getting one will not be much of a hassle as a number of reputable companies offer this kind of insurance online.

What Type of Coverage is Given for this Type of Insurance?
An international student insurance offers a variety of policies. Depending on one’s preference, this type of insurance can cover hospitalization, surgery, services for mental health and even maternity coverage.

There are even optional benefits such as sports and hazardous risk coverage. T

Read more…

Factors to Consider while Obtaining the Umbrella Insurance

Insurance policies are always useful in safeguarding the hardly earned possessions of an individual. Though there are many policies available in the insurance market, taking an umbrella policy will be highly beneficial in meeting emergency financial crisis or claims for a lump sum of money. The main advantage is the ease of Umbrella liability premiums availability. It not only is easy to obtain but also is highly applicable unlike many other similar schemes. It offers the best possible financial shield by covering a number of sub policies under it. Extra compensations in case of mishaps are also provided by the policy. Read more…

Women Strongly Hit By Weak Economy and Inflation

A recent survey has found that low-income women were strongly hit by the recession in economy and increased health care cost as compared to males. The survey carried out by the Commonwealth Fund’s 2010 Biennial Health Insurance has found that one in three women between the ages of 19 and 64 are not insured.

Karen Davis, President of the Commonwealth Fund, a private foundation working to improve health-care delivery said that most of the low-income women have to suffer because of the rising cost of health care.

Insurance cost has also increased gradually over past few years.

Read more…