Protection Offered By Property Insurance Packages

All property owners should have adequate insurance to cover against a disaster. If a property has a mortgage on it and still owes a balance due, the lender will require property insurance coverage. If your property does not have a mortgage balance, it is vital to have property insurance as well. All it takes is a random 100-year flood event or a fire to wipe out the home and its contents. Lucky for today’s homeowners, there are many ways to save money on property insurance. Here are four tips that are sure to save money and ensure the best coverage:

1. Make Use Of The Power Of The Internet

The internet has made it very simple to get multiple quotes on property insurance with very little effort. Many people do not take advantage of this power. Just like other products, insurance is a competitive business. There can be as much as a 40% or more difference in the annual price of competing policies from different insurance companies. There is no reason to pay more than necessary for identical coverage.

2. Combine Policies To Receive Discounts

One of the advantages of going with a major insurance carrier is they offer all kinds of insurance. Moving an automobile policy over to the same company providing property insurance can result in some significant savings on both policies. Signing up for life insurance with this same company can add additional discounts and benefits. As discussed in tip number one above, the internet can be a great tool to find multiple policy discounts.

3. Speak With A Qualified Agent

While the internet has made it very easy to price shop, it has not replaced the value of speaking with an agent prior to making a purchase. They provide valuable insights into the various policies available, and can often suggest actions that will save additional money. It is perfectly fine to inform the agent of what you find online, and the prices of the policies. People are often surprised that an insurance agent is able to beat an online quote, or match it but provide better coverage for the same price.

4. Keep Up To Date On Your Property Values

Once a policy is in place, it is important to keep up to date on the current values of properties in the area. The property insurance will cover a replacement value for the home, but over time the cost of replacement can rise. Most policies have a method to index for such increases or decreases over time, but the value can lag at times. It is important to review coverage limits at least once a year to make sure they are in line with reality. Should anything seem off, a simple phone call to the insurance company can get a review of coverage limits started. Another area that many people forget is coverage for the contents inside the home. Many overlook this coverage, or underestimate the value to replace furnishings, clothing and expensive items such as computers and televisions. Make sure the coverage adequately reflects the value to replace belongings should a disaster strike and a claim is necessary.

More Travel Insurance Tips

Planning a holiday soon? Consider travel insurance to help protect your assets and your travel investment. After all, traveling is expensive. The last thing you need is for it to cost you more money. Here are some tips to help you with travel insurance.

Time Period

One of the biggest questions people often ask is how long they need travel insurance for. While frequent travelers should probably invest in an annual policy, the majority of us probably need a policy that covers the period that we are planning to travel. A good idea is to invest in a policy that will cover several trips throughout the year. This should cover your entire holiday and a little bit of extra time in case you decide to extend your trip.

Activities

What type of activities are you planning on your trip? For example, are you planning to go skydiving? Talk to your travel insurance company beforehand to determine if an activity like this is covered. You might rethink participating in the activity if it is not covered.

Read the Small Print

Because of this, it is extremely important to read the fine print on your policy. The fine print explains the minor details of your policy. It will explain all the details of your policy. And it will guide you to help you avoid any payout refusals. It is better to be prepared, rather than sorry.

Research

Different companies offer different policies, so it is worth spending the time looking at what each one offers. Remember the cheapest policy may not be the one that is best for you and your situation.

Cancellation Clauses

Does your policy have a cancellation clause? Insurance policies will vary when it comes to Cancellation Clauses and you should check to see what Cancellation Period or Clause exists on your policy. Most policies would have a 14 day cancellation clause whereby you would be entitled to cancel your policy with a full refund within 14 days.

Get Insured

Lastly, regardless of where you go or what you do, insurance is a smart decision. Even the least risky of holidays can benefit from travel insurance. You never know when something can get stolen or something unfortunate can occur. In any of these situations, you will definitely want travel insurance.

Costly Mistakes That Could Ruin Your Workers’ Compensation Claim

During more that 30 years of helping injured workers collect full workers’ compensation benefits, I have seen others make common mistakes that cost them a lot of money.

I discuss 15 of these errors below.

By recognizing and avoiding these common errors, I am confident that you will be in a better position to collect more money for your claim.

To help you avoid these mistakes, I have categorized the 15 most common mistakes and present them to you.

I am confident that after reading this article, you will have a better chance of collecting full payment for your workman’s compensation claim.

1. Failure to Report the Accident to Your Employer.

North Carolina law requires that a claim be reported to your employer in writing within 30 days from the date of the injury. Although in most cases you could proceed with your claim even if you do not file a written report in 30 days, these reports should be filed in writing immediately

2. Failure to File a Claim with the Industrial Commission.

North Carolina law requires that a claim be filed with the North Carolina Industrial Commission within two years from the date of the accident. In the case of occupational diseases, the claim must be filed within two years from the date the worker became unable to work With respect to occupational diseases, the filing requirements vary. Unless your employer has agreed in writing to be responsible for your workers’ compensation claim, you are at risk if you fail to file a written claim with the Industrial Commission within two years.

3. Failure to Inform the Doctor of the Details of Your Accident.

If your medical records do not reflect the fact that you have been in an accident, your claim may be suspect. Insurance companies use any excuse they can find to deny your claim. The absence of any information in your medical records about your accident may give them the excuse they want

4. Failure to Keep a Job Search Log.

The worker has the burden of proving that they are unable to work as a result of a workers’ compensation injury or occupational disease. One of the best ways to prove that you cannot work is to show that you have honestly tried to work but were unable to find and maintain a job.

5. Failure to Fully Inform Your Lawyer of All Facts.

Workers’ compensation cases are difficult enough to handle successfully, even when a lawyer has all the facts. If you do not fully inform your lawyer concerning all facts, the good, the bad and the ugly, you severely handicap your lawyer’s ability to win the case for you. Many facts which you may feel to be adverse can be successfully handled. Do not short change yourself by keeping your lawyer in the dark.

6. Failure to Fully Cooperate with All Vocational Rehabilitation Efforts.

The point at which the insurance company hires a vocational rehabilitation specialist to actively become involved in trying to find a job for you is probably the most critical point in the claims process. You should not attempt to deal with the rehabilitation process without the assistance of an experienced workers’ compensation lawyer. Vocational rehabilitation counselors, in the vast majority of cases, are not on your side. It is their job to terminate your benefits, either by your becoming employed or by taking advantage of your failure to cooperate, thereby have your benefits terminated. It is in your best interests to return to work at suitable employment. You should, therefore, fully cooperate with all reasonable vocational rehabilitation efforts.

7. Failure to Accept Suitable Employment.

It is in your best interest to accept suitable employment whether at your prior job or at a new job that may be presented to you. The law does not (and should not) allow a worker to collect workers’ compensation benefits if they can work. On the other hand, you are not required to accept any job that your employer or their vocational rehabilitation worker finds for you. The work must be “suitable” to you based upon your physical limitations, age, education, training, and experience. It is important to work closely with an experienced workers’ compensation lawyer to help you determine whether any job offered to you is suitable

8. Failure to Anticipate That You Will Be Followed and Videotaped.

It is a mistake to assume that you will not be followed and videotaped by private investigators. Insurance companies would rather pay money to private investigators and lawyers than pay it to you. You should assume that a private investigator will be watching your every move outside of your home. They may even look inside your home.

9. Working outside Restrictions When You Return to Work.

If a doctor allows you to return to work but conditions your return to work on certain restrictions such as not lifting above a certain weight, or raising your arms above your head, you should follow these restrictions explicitly. When you return to work, there is a temptation to follow your supervisor’s instructions even if those instructions would have you working in excess of the limitations your doctor imposes upon you. This is a serious mistake. Carry the doctor’s written restrictions with you when you return to work and, if your supervisor tries to coerce you into working outside of those restrictions, give another copy of those restrictions to your immediate supervisor and politely tell that supervisor that your doctor will not allow you to work outside those restrictions

10. Settling Your Claim without the Benefit of an Experienced Workers’ Compensation Lawyer.

It is a serious mistake to assume that your employer and its insurance company will treat you fairly. You should understand that in the vast majority of the cases, they will take advantage of you if you let them. Your employer and its’ workers’ compensation insurance company have on their side professionals who thoroughly know North Carolina workman’s compensation law. They are looking after themselves, not you. Always seek the advice of an experienced workers’ compensation lawyer before you sign any agreements.

11. To Assume That Rehabilitation Counselors Are Your Friend.

Rehabilitation counselors are working for your employer and the insurance company. They are not working for you.

12. Allowing the Employer to “Doctor Shop”.

If your employer accepts your claim and agrees to pay, they do have a right to direct your medical care. However, once your medical providers have been established, they cannot switch you to another doctor without the permission of the Industrial Commission. Insurance companies like to have you seen by doctors who they can count on to “sing their song”. Do not allow them to do this. If your employer or its insurance carrier attempts to switch you to another doctor, consult an experienced workers’ compensation lawyer immediately.

13. Failure to Consider a Second Opinion.

The law allows an injured worker to obtain a second opinion if the worker is not satisfied with the opinion of the doctor concerning the nature and extent of your disability. You should consider asking for a second opinion. However, it is not always wise to ask for a second opinion. This decision is case specific. You should consult with an experienced workers’ compensation lawyer to help you decide whether you should ask for a second opinion.

14. Assuming That the Compensation Rate Set by the Employer is Correct.

Most of the benefits you are entitled to receive from your workers’ compensation claim are based upon your average weekly wage. The average weekly wage includes the gross amount of your pay before any deductions. Average weekly wage may also be increased because of certain allowances your employer may provide such as a housing allowance. Do not be short changed by settling for an incorrect compensation rate.

15. Failure to Seek Medical Care.

It is common for an injured worker, especially a male, to try to “shake it off” after an injury not get the medical attention they should have. It is not unusual for a person to have significant injuries without realizing it. If an injured worker waits several days or weeks before seeking medical attention, the claim is suspect. This delay in treatment gives the employer still another excuse to deny the claim.

Workers’ Compensation Program

In the U.S., one of the most widely accessed entitlement programs is Workers’ Compensation. Workers’ compensation is a series of benefits that are paid to employees that are injured or become ill during and as a result of the performance of their jobs. Employers are required by law to provide this benefit to their employees and typically do so through a workers’ compensation insurance policy provided by a private carrier. Virtually every employee is covered by the Workers’ Compensation Act and benefits are paid to the employee regardless of who is at fault for the accident and/or injury.

The actual procedure for filing a workers’ compensation claim is generally straightforward and can be done by the injured party. However, the system has definite filing requirements and depending upon circumstances and documentation requirements, preparing the claim can become a complicated process and should not be attempted without a worker’s compensation attorney. States and cities may also have individual requirements regarding workers’ compensation, so it is important when choosing a worker’s compensation attorney to have representation from the proper state or jurisdiction. Attorneys who do not specialize in workers’ compensation law and are from outside the jurisdiction likely will not be able to properly represent your claim.

A workers’ compensation claim is similar to a claim against an auto or homeowner’s insurance company. It is a claim filed against the employer’s workers’ compensation insurance carrier and is not a law suit directed at the employer. In fact, the law provides that: (1) injured workers cannot sue employers for accidents occurring on the job and, (2) it is also illegal for employers to terminate workers for filing a workers’ compensation claim.

Under workers’ compensation, the main benefit categories are, but not limited to:

  • Payment of related medical bills;
  • Benefits paid when the worker temporarily cannot work due to the injury or illness. This is titled Temporary Total Disability (TTD) and is likely a series of ongoing payments until the worker can return to work.
  • Benefits paid when the worker is injured to the point that he/she cannot return to work at all. This is called Permanent Disability (PD). Based on the nature and extent of the injury, PD benefits are, very often, a lump sum settlement.

It must be understood that all insurance companies are actively reviewing cases for legitimacy and to minimize fraudulent claims and their cost of claims. Depending on circumstances and for any number of reasons, a worker’s compensation insurance carrier may deny benefit payments at the beginning of the claim or may be terminate compensation after initial benefits have been paid. Questions and positions regarding TTD and PD also are often contested as are charges of illegal firing due to the injury. Since the insurance company will employ experts in the workers’ compensation arena, in these situations, it is crucial to have an experienced workers’ compensation attorney who will advocate for you to get your legal benefits restored and the settlements to which you are entitled.

Navigating through the workers’ compensation benefit system can be a difficult task, especially if there are contested issues and/or special circumstances. It is a wise decision to engage the services of an experienced workers’ compensation attorney early in the claim to guide you and represent you through the process.

Small Business Insurance

Starting a small business is a great way to prepare for the future. It is not just about the financial aspect of it, but also the kind of hope and stability that it would be able to provide to the individual or family who does so. Of course, the projection for every business that’s started is that it would eventually become successful, in every aspect that’s imaginable.

Even though every small business that’s been started is going to result in success, it does not always turn out to be so. Or at least, the road to eventual success is not an easy one. That is why having insurance is a must, even for the smallest of businesses. It is the kind of risk protection that everyone and every establishment requires, so that any loss that could possibly occur would be minimized.

However, choosing the right insurance could also be something of a challenge. This is because there are several options available out there, which could make things a bit more daunting. And because of the numerous options that you could possibly encounter, it would be good for you to start comparing various business insurance options right now, or as soon as you could do it.

There are a few basic things that you need to learn about small business insurance – and one of the top things that you have to know is that there are different options that depend on the specific type of business that would get the insurance coverage. There are similarities on the kind of business insurance that small business owners require. It is usually a combination of any of the following: Property Insurance, Commercial Auto Insurance, Liability Insurance, Business Owner’s Package Policy (BOP), and Worker’s Compensation Insurance.

Of those that have been listed down, the most common coverage for small business insurance are Liability and Property Insurance, and there’s definitely some good reason for that. If we suppose that the physical assets of your small business happens to be damaged or even destroyed, for whatever reason, then the small business insurance that got for it would take care of the expenses needed to get it repaired or if anything has to be replaced at all.

In addition to that, every business – be it big or small – is liable to being sued or at least has that threat hanging over it all the time, so it is highly recommended that every small business gets liability insurance as an important part of the small business insurance policy that every business owner would like to have for the business he owns.

Getting a small business insurance policy does not mean that every business owner needs to spend a ton of money for it. There are ways that would help a business owner save costs on the insurance policy, and it would be good for every owner to know about it. Options such as looking around and comparing business insurance quotes from different insurance companies and also considering a package business insurance policy, e.g. a Business Owner’s Policy (BOP) are available for business owners.

Car And Insurance Tips

Car And InsuranceAutomobile is another word that also means car, so when we are talking about an automobile here we are talking about a car. Auto insurance is a booming business these days. Most insurance companies are making money from a lot of people who have come to the knowledge that insuring their cars will be a great way that they can prevent some certain level of uncertainty in the case of an accident occurring. The clear and simple explanation to this is that when it comes to insuring a car both the insurance company and the person who ensures his car stand to benefit from the agreement.

On one hand the person who is insuring his or her car will be paid some money to repair the car if the car is by any chance involved in an accident and on the other hand the insurance company will use the money they collect from the person who insures his car to do business and that will make them have enough money to pay for damages and still have a few ‘change’ to keep-this is business.

When it comes to insuring your car you should first take your time to read all that you are expected to know about the insurance policy that you are being offered. Try to read everything that covers the insurance agreement and know enough about it before you go ahead to sign the document. Try to understand what you stand to gain if you sign to the agreement and also what you stand to lose if things don’t go the right way. Be vigilant and walk away if you are not convinced that the policy you are being offered you cannot get it elsewhere with even better incentives.

Your car and insurance

I cannot over stress the importance of insurance for your car. For nobodies benefit but the owner of the vehicle. If you have always wanted to get car insurance but thought it was too expensive you will be happy to know that there are many affordable car insurance policies available to suit a multitude of needs. But saving does not only come in the way of cheaper car insurance policies but also little tricks which can you use to further lower your premiums.

You can indeed have your car and insurance once you have read all the ways which you can save money on car insurance.

Car and insurance tips

1. If your current car is a top of the range model which is either a luxury sedan or sports car then you are being charged more for insurance. By trading in your luxury car for a standard car you will qualify for lower car insurance premiums. Ask an insurance broker or agent about which kinds of cars they classify as cheaper cars to insure. The classifications of cars are more or less the same, but each insurance company has its own listings.

2. If currently driving an old, model of car, which has little value other, then you don’t get comprehensive cover. It is a waste of money when you have an old car, as you will end up paying premiums which far exceed the value of the car and if you should be in an accident the car insurance company will only pay you the value of the car. You stand to lose all the money which you have paid in comprehensive cover.

3. If you already have household insurance then try and get insurance from the same company. Insurance companies will offer you a discounted rate when you insure something else with them. Speak to your insurance agent about this.

4. Finally you need to hunt for quotes till you get the price which suits your budget. The only way to get the lowest car insurance is to get as many quotes as possible from various car insurance companies, you can easily do this by going to a comparison site. There you will be able to get multiple of quotes within minutes.

When it comes to business it is better to watch your guard as anyone can be conned these days. Even the so called legitimate business and renowned companies have been found to fail their customers at some point in time. So be careful and be sure you know what you are signing into before you put that pen to paper.