Oct 19

Machinery Breakdown Insurance-scope, Coverage And Exclusions

There is no substitue for perfection in maintenance to ensure zero breakdown in machine. Still breakdown do occur involving expensive machinery and equipment and grabing substantial financial investment for reasons varied.

Term it as unforseen, Accidental and sudden! Cover it under Machinery Breakdown Insurance Policy.

What is covered: Machinery against unforseen, sudden accidental physical loss or damage caused by-
– Carelessness
– Short-circuit, disruption, electrical overpressure
– Failure of operation of safety devices
– Structural defects, material defects or defects of assembly
– Fortuitous working accidents such as vibration, maladjustment
– Loosening of parts, abnormal stresses, fatigue, centrifugal force, excessive speed
– Defective or accidental lack of lubrication, seizure, water hammer or local overheating
– Falling, impact, collision or similar occurrences
– Obstruction or the entry of foreign bodies

Subject to main exceptions:
– Which are commonly insured: Fire & allied perils
– Which are uninsurable: Wear and tear

When is it covered: Machines are covered whilst-
– Working or at rest
– Being dismantled moved or re-erected for the purpose of cleaning, inspection, repair or installation in another position within the situation.

Machines which can be insured: All Stationary equipment can be covered-
– Electrical equipment: Including alternators and generators, motors, rectifiers, switchgear and transformers
– Mechanical plant: Including engines, turbines (steam, water & gas), blowers, compressors, pumps, machine tools, presses and refrigerators
– Process machinery in such industries as cold storage, engineering and metallurgical, paper/ pulp making, printing, rubber/ plastics and textiles

Possible extensions available:
– Third Party Liability
– Owner’s Surrounding Property
– Additional Customs Duty
– Express freight
– Escalation
– Air freight

Principal Exclusions:
– Loss/ damage arising out of overload experiments

Oct 19

Dealing With Insurance Be Informed And Read These Tips

Insurance is everywhere. We insure our cars and our toys like boats, motorcycles and RV’s. But we also ensure things for the future like disability and hazard insurance. If you need some help sorting through it all, the rest of this article will give you some great advice on how to do just that.

When you choose insurance for your car, qualify your insurer first. Besides evaluating coverage, it is also in your best interest to look for reviews on their customer service, claim responsiveness and even rate increases. Knowing who you are dealing with ahead of time can help you set expectations with your insurer.

When you are getting an insurance quote make sure to tell them anything and everything that may qualify you for a discount. For instance, high school might have been ten years ago, but you were an honor student and that qualifies you for a discount. Another thing that qualified me for a discount was that I work in the medical field, so be sure to tell them where you work. We all love saving money, so be sure to ask about all possible discounts.

Be wary of any non-disclosure or confidentiality agreements presented to you during an insurance claim. You may unknowingly sign away your maximum benefits allowed to you. Be sure to consult with a lawyer first to ensure that what you are signing is legitimate and fair for all parties.

Much like car insurance or health insurance, having a higher deductible can save you money on your premium. The downside to all of this, is that if you have a small claim to make, you will most likely have to pay for the entire repair out of your own pocket.

To keep the cost of travel insurance down you should check to

Oct 16

Flexing The Health Insurance Company Muscle

When it comes to prescription drugs you may be that your course of treatment is being dictated by your doctor when in fact your health insurance company actually has a greater say in the drugs that may or may not be dispensed to you. Insurance companies don’t know you and they don’t have a medical degree but somehow, they seem to believe that they have the right to dictate your course of treatment and unfortunately this actually is a true statement.

When many people realize what is really going on between their doctor and their health insurance company in regards to the course of treatment they will receive and that it is driven more by the decisions made by the insurance company than the doctor professional opinions and conclusions it can be very disillusioning to say the least. The health insurance company usually decides the acceptable treatment package for the patient and is on their approval or disapproval. It is now standard practice before a physician will offer suggestions for their patience’s treatments to first consult with the health insurance plan.

Usually a doctor will not tell you that the course of treatment being suggested is what the health insurance company has approved. However, there are other doctors that do let their patients know why the prescribed treatment is being suggested.

As with most everything aspect of life, those with the most money generally get their way first. This is especially true in the medical field and the role and influence that big deep pocketed drug companies play in the options presented to the patients via the doctor. It might be that there are several very good options available, but because of the cost of the medical care, the health insurance company will blatantly discourage these options from being part

Oct 16

Your Insurance Needs Solved At One Time

Here you will find the ultimate solution to all your insurance needs with the services of the Insurance agency that will be more than happy to help you out for your home, health, life, auto, farm insurance and business needs. Here is a long term care insurance which is less expensive and tailor made to suit your personal needs.

Representing all the major insurance companies these agencies has been in the industry for many years catering to the insurance needs of individuals and business houses in an effective manner. The staff engaged by them is most cordial and will pay individual attention in hearing to your exact needs and would suggest the best plan for insurance coverage which will relieve your anxieties without having to break your head for any future untoward incident.

They will offer you the best auto insurance coverage with advantages that will make you enjoy your driving more. Make a quick online search with the tools they provide to get a comparison and quotes from leading insurance companies. The factors that count for getting insurance quotes are driving record, credit score and even grade in school. The safety features and safety level of your vehicle are also determining factors for calculation of insurance premium.

Relax in the comfort of your home while they send you the best life insurance quotes. You just have to fill up the online form providing your first and last name and sex. The address info will have to be filled up by mentioning the street address including the apartment or suite number together with the name of your city, state and zip code. The form relating to contact information should carry information about your phone number and e mail address. By shopping for insurance through them, you save at least 20%

Oct 13

How Does Medical Billing Software Help Ease The Process Of Insurance Claims

In this day and age where everything is turning digital including books, magazines and utility billing statements, it is not so much a surprise that insurance companies prefer if they receive your claims with a digital copy of the billing from their partner hospitals. How does one do this, you ask? Through the Medical Billing Software, insurance companies can be able to receive the exact details and information on the particular procedures and medicines that a patient/insurance subscriber needs.

Medical billing software and the Health Insurance Portability and Accountability Act (HIPAA)

The HIPAAs introduction pushed insurance companies to look for a particular software or system that can answer to the laws requirements. Under the HIPAA, which health workers must make use of to provide quality care without releasing confidential medical records, urges that medical providers must make their claims to health insurance companies by sending electronic records of their patients billing history. This will prevent duplication of claims, authentication of said claims and on time payment.

Under the HIPAA, transmission of bills, financial and administrative dealings and reimbursements must all be done electronically through the Medical Billing Software. However, most insurance companies would still require for additional waivers and paper works from their clients and subscribers to ensure that no bogus electronic documentations are being received. This caused trouble for many hospital patients, especially those who do not have the time to send or personally present billing documents to their insurance agents. This is especially troublesome for hospitals and insurance companies that do not have the latest billing software yet that is programmed with the provisions of the HIPAA.

Because of such a predicament, software companies scrambled to come up with a new technology that will be compliant with the act. The use of Medical Billing Software will significantly decrease

Oct 12

Life Insurance The First Item On Your Bucket List!

A bucket list is defined as a list of the things you would like to achieve before you die, or before you ‘kick the bucket,’ so to speak. The term was popularised by the 2007 film The Bucket List, starring Jack Nicholson and Morgan Freeman. Whether it lists one item or 10, a bucket list details your dreams and goals for your time on this earth. Parachuting, climbing Everest or owning your own home, bucket lists are as varied and diverse as the people who draw them up. A bucket list assumes that we will lead full lives, that we will be blessed with the 10, 20 or even 30 years we need to tick off all the items on our list. Sadly, for many people, this is not the case and our lives are often cut tragically short. It is for this very reason that the first item on your bucket list should be to invest in life insurance.

Every plan we make and every dream we have assumes that we will live to a ripe old age. Our career path, our dreams of the time we will spend with our grandchildren and our retirement planning all work on the assumption that we will be granted the biblical ‘three score and 10 years’ or 70 years on this earth. While we all know that death is always just a hair’s breadth away, we very rarely face up to or plan for this reality. As a parent and breadwinner, however, planning for your own death is essential.

As a parent, caring for your children is one of your first priorities. You earn the money they need to survive, you care for them when they are ill and spend hours helping them with their homework. You are their anchor

Oct 10

Income Protection Insurance In United Kingdom

Talking about redundancy or job loss, income protection insurance does not cover up generally. If you should come across a policy that does include job loss, you need to heed caution. Income protection insurance only provides the insured an income of their monthly salary if they have suddenly become seriously ill or incurred an injury which required them spending a certain amount of time off work. After the insured has recovered they are necessary to go back to work and carry on earning an income, and do not apply to job loss or redundancy.

There are assured setbacks, as these are more often than and the duration of cover at the most is three months. It is best to explore other options such as credit protection insurance in the event of becoming unwillingly unemployed. Income protection insurance is offered to aid a policy holder who is unable to work and earn a salary due to fetching ill or injured. There is also a balanced benefit and tardy period which is approved upon by the insured and the insurers. This type of insurance cover provides a sixty to seventy five percent benefit of the insured’s gross monthly earnings.

There may be granted a premium throughout the time the policy holder is injured. Conversely, not all income protection policies allowance waiver of premium, not matter if the insured can start again their job or not during illness or injury. Also it is not obtainable for people that have already retired. This type of insurance is meant for people that are employed and earning an income, and should they become abruptly ill or meet with an accident that is the cause of them not life form able to work and earn an income, the policy will offer cover for a set amount of

Oct 08

Life Insurance Guide For Over Fifties And Over Sixties

How important is our life? How important is our life to our family?

If you are the soul bread earning member then there are more responsibilities not only while you are there but also take care of their needs when you are not there. Life insurance is once such concept where people insure their lives and if there is unexpected loss of life of the insured person then the family or the person who is entitled to receive the insurance money gets the money. Loss of life is most of the time unexpected. A person goes to work and does not return, either gets a heart attack at his work place or undergoes a fatal accident. There are no ways to overcome the fate. Though there is no replacement for the loss of life, only thing that we can do from our side is make sure our family does not suffer from financial loss after our death. Life Insurance becomes critical in such cases and really helps the family to survive the hard ship. The Life Insurance money might be helpful for your kids education or to buy a house on their own or to settle down in a proper business. All this would definitely take the family to the right way financially.

In recent times Life insurance had gained popularity and also people have started understanding the real need of insurance. If you are already fifty years or sixty years old, do not worry its not late for you too. There are policies especially to cater people older than fifty years and sixty years. The group policies are referred as Over fifties life insurance and Over sixties Life Insurance . There are real reasons for taking life insurance at this age, nowadays people work even after the age

Oct 06

Commercial Truck Insurance Many Coverage Options Available

Insurance coverage is often considered complicated and confusing. Commercial truck insurance is no exception. This is because the truck industry is highly diversified and many regulations exist to govern it.

The many forms of commercial truck insurance provide motor carriers and independent owner/operators with all the coverage they need to protect themselves and their assets.

The following are several examples of coverage options for both large companies and independent haulers.

General Liability

This coverage protects company employees and vehicles with liability coverage. Damage and injury costs are covered for employees and employers are given protection against lawsuits from accident victims.

Primary Liability

This type of coverage is required by federal regulations and covers damage and injury costs incurred by third party motorists involved in accidents caused by commercial truck drivers.

Physical Damage

Independent drivers are encouraged to purchase these policies in order to protect their own assets, such as their trucks. Damages caused by fires, theft, vandalism, and accidents will be covered up to a pre-determined amount. Considered the minimum policy coverage a driver should purchase to feel protected from the various situations that occur.

Non-Trucking Insurance

This form of liability insurance is a more cost-effective form of coverage for independent drivers. It covers drivers when not on active dispatch and therefore not covered by their contracted employers policy.

Trailer Interchange Insurance

This coverage is for instances in which trailers are being exchanged between two different companies. Trailer interchange coverage will cover the cost of any damages to the trailer or its cargo while being hauled by an outside party.

Cargo Insurance

Many commercial truck insurance policies do not cover the actual cargo, just the truck itself. Cargo insurance protects the goods that are being transported, as well as protects if those goods fall out or cause harm to

Oct 06

The non owners car insurance in USA

Generally motorists will find that they want an auto insurance protection even when they do not personal a vehicle. If you’re one among these motorists that still drive on the highway with a borrowed or rented automotive, obtaining a non-owner car insurance may be fairly easy to come about online by auto insurance companies. It is a good idea to get covered by non-proprietor insurance coverage as is provides you with as the driver some type of personal liability that isn’t covered by the vehicle’s owner policy. Do a comparability store online to get the very best rates and know what the minimal necessities are for the state that you simply drive in.

Some countries also have additional insurances such as pay as you drive which is suitable for uninsured motorists who are utilizing other owner’s vehicles. In lots of international locations this insurance covers the loss or harm to the vehicle as well as buying new parts for replacement. The insurance offers accident cover for the car proprietor and also third occasion liability.

Right this moment every nation has many public and private companies offering auto insurance. The entire process for applying of this insurance coverage has change into online. You can undergo the insurance terms on the web site, choose the plan, fill within the software type and then submit the application with the required documents comparable to vehicle registration number, sort of vehicle, proof of handle, etc.

Once you submit the applying, a consultant of the company will get in touch with you to take the procedure forward. In countries reminiscent of India, the vehicle dealers have tie ups with auto insurance companies. Hence while you purchase a new car, you will automatically get insurance coverage for one year from the automotive dealer. The premium of the insurance coverage is

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