Analyzed Insurance

After spending the past several weeks looking at common exclusions to the all-risk policy, this week’s blog will focus on more basic requirements that must be met in order for coverage to exist. Some will seem very straightforward, but others actually raise interesting legal issues when the right circumstances arise.

One of the most basic requirements – other than proving an insurance policy was in place – is to show that the damage suffered is covered by the policy. Most courts agree that the burden is on the policyholder to prove a loss is within the scope of the insuring agreement. Howev

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If you are approached by a life insurance agent and asked to consider canceling your current life insurance policy in order to purchase a replacement policy there are a few things you should know first. Learn how to understand the changes that may affect your life insurance policy and the warning signs to watch for.

Life insurance is meant to provide financial security for loved ones when the policyholder passes away. But under certain circumstances it might be beneficial to access the insurance policy benefit while you are living.

Accelerated Death Benefits Rider

In the event of a terminal illness, the accelerated death benefits provision, also known as living benefits, allows the policyholder to access the insurance policy benefit.

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When you buy whole life insurance you may be offered the opportunity to add various riders to your policy. Most riders add benefits, at an extra cost, to the policy. However, riders may also put a restriction on your policy, such as refusing a death benefit claim if the insured engages in certain occupations or hobbies.

The Cost Of Riders

The cost for each rider is calculated individually, and is usually expressed as a percentage of the base premium.

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Do you know what’s really covered in a home insurance policy? Not many people do. It is important to have home insurance because it is designed to help protect you, the homeowner, from the different risks associated with owning a home.

We detailed what is and is not covered in a general home insurance policy so that you could better understand your needs ahead of time.

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Now that you understand more about how home insurance works, help others by sharing this information.

There are numerous considerations to make when choosing your static caravan insurance UK policy. Here are some of the factors you may wish to consider.

Do you own a brand new caravan?
If you own a brand new caravan then you may wish to check to find out if the insurance provider is offering new for old insurance. This means that if your caravan was destroyed you typically get a brand new replacement for it, providing it meets the criteria set out by the insurance provider. For example, this means it generally has to be under a certain age.

Replacement contents
As static caravans come with all the mod cons of home, the contents are valuable.

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