tag:blogger.com,1999:blog-83486040297218532782024-01-16T04:53:34.972+05:00Poetry wala In this website ''Poetry wala" we will provide you with everything related to insurance, medical, car, house, property and also all kinds of news, etc.aaahttp://www.blogger.com/profile/05559299961292584600noreply@blogger.comBlogger30125tag:blogger.com,1999:blog-8348604029721853278.post-87304304507716620322022-03-23T21:12:00.006+05:002022-07-31T19:26:34.050+05:00Personal Injury Protection<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi26Kk4SREtGHoKYSSbBcvg_yETZhcbUV-ThYMwrs2-rmPDhsgcWImZ787zfd34pdfCmGUogu7C2xV4d8msLCWEivniag7nVUjTJ_eWPa_sLwa1qTiZ4PoL-zKK0yxPLDF0Qj5_Gux0X85SRLO8BUFrv_guY4SBKH-c6qvzOxxSzBIom4FqZUh4Fw_F/s640/640w.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="336" data-original-width="640" height="280" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi26Kk4SREtGHoKYSSbBcvg_yETZhcbUV-ThYMwrs2-rmPDhsgcWImZ787zfd34pdfCmGUogu7C2xV4d8msLCWEivniag7nVUjTJ_eWPa_sLwa1qTiZ4PoL-zKK0yxPLDF0Qj5_Gux0X85SRLO8BUFrv_guY4SBKH-c6qvzOxxSzBIom4FqZUh4Fw_F/w533-h280/640w.jpg" width="533" /></a></div><br /><h1 class="comp article-heading mntl-text-block" id="article-heading_2-0" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 3rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.1; margin: 0px 0px 1rem; padding-bottom: 1rem; position: relative;"><span style="font-size: 3rem; letter-spacing: 0.05px;">Personal Injury Protection</span></h1><div><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">What Is Personal Injury Protection (PIP)?</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-1" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Personal injury protection (PIP), also known as “no-fault insurance,” is a component of an automobile insurance plan that covers the healthcare expenses associated with a car accident. PIP covers medical expenses for both injured policyholders and passengers, even if some don’t have health insurance.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-2" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-3" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">If the cost of necessary medical care exceeds the auto insurance policy’s PIP limits, health insurance sometimes covers further expenses. Policies have a per-person maximum, meaning that coverage is limited to a certain amount per person if multiple people are injured in an accident.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-4" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><div class="comp mntl-sc-block finance-sc-block-callout mntl-block" id="mntl-sc-block_1-0-5" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp theme-whatyouneedtoknow mntl-sc-block mntl-sc-block-callout mntl-block" data-tracking-container="true" data-tracking-id="mntl-sc-block-callout" id="mntl-sc-block_1-0-6" style="box-sizing: border-box; margin: 1rem 0px 2rem; position: relative;"><h3 class="comp mntl-sc-block-callout-heading mntl-text-block" id="mntl-sc-block-callout-heading_1-0" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1rem; font-weight: 400; letter-spacing: 0.05rem; line-height: 1.2; margin: 0px; padding: 1.5625rem 1.25rem 0.5625rem; text-transform: uppercase;">KEY TAKEAWAYS</h3><div class="comp mntl-sc-block-callout-body mntl-text-block" id="mntl-sc-block-callout-body_1-0" style="box-sizing: border-box; padding: 0px 1.25rem 1.25rem;"><ul style="box-sizing: border-box; list-style-image: initial; list-style-position: initial; margin-bottom: 0px; margin-top: 0px; padding-left: 1.5rem;"><li style="box-sizing: border-box; padding-bottom: 0.375rem;">Personal injury protection (PIP) covers the healthcare costs related to injuries sustained in an automobile accident.</li><li style="box-sizing: border-box; padding-bottom: 0.375rem;">PIP covers both the policyholders and their passengers, regardless of whether they have health insurance.</li><li style="box-sizing: border-box; margin-bottom: 0px; padding-bottom: 0.375rem;">PIP policies have a minimum coverage amount and a per-person maximum coverage limit.</li></ul></div></div></div><span class="heading-toc" id="toc-understanding-personal-injury-protection-pip" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-7" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Understanding Personal Injury Protection (PIP)</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-8" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Auto insurance requirements and features differ from state to state, and PIP coverage is available primarily in no-fault states. In a no-fault state, if a policyholder is injured in a car crash, that person's policy pays for the holder’s medical care regardless of who caused the accident. Policyholders with PIP coverage can receive benefits even if the other driver doesn’t have insurance.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-9" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><div class="comp mntl-sc-block finance-sc-block-callout mntl-block" id="mntl-sc-block_1-0-10" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp theme-important mntl-sc-block mntl-sc-block-callout mntl-block" data-tracking-container="true" data-tracking-id="mntl-sc-block-callout" id="mntl-sc-block_1-0-11" style="border: 1px solid rgb(225, 226, 230); box-sizing: border-box; margin: -0.75rem 0px 1rem; padding: 0.5rem;"><div class="comp mntl-sc-block-callout-body mntl-text-block" id="mntl-sc-block-callout-body_1-0-1" style="box-sizing: border-box; padding-left: 2rem; padding-right: 1.75rem;"> <p style="box-sizing: border-box; display: inline; margin-bottom: 1.75rem; margin-top: 0px; vertical-align: baseline;">PIP pays for medical expenses even if the policyholder causes the accident.</p></div></div></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-12" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">PIP coverage, in addition to making medical care affordable, often provides payments for lost income, child care, and funeral expenses related to the accident. Some no-fault states offer medical payments coverage, but it typically has low limits and does not pay for these other costs.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-13" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><div class="comp mntl-sc-block finance-sc-block-callout mntl-block" id="mntl-sc-block_1-0-14" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp theme-note mntl-sc-block mntl-sc-block-callout mntl-block" data-tracking-container="true" data-tracking-id="mntl-sc-block-callout" id="mntl-sc-block_1-0-15" style="box-sizing: border-box;"><h3 class="comp with-title mntl-sc-block-callout-heading mntl-text-block" id="mntl-sc-block-callout-heading_1-0-2" style="border-left: 1px solid rgb(225, 226, 230); border-top: 1px solid rgb(225, 226, 230); box-sizing: border-box; color: #8bb9ff; display: inline-block; font-size: 1.875rem; font-weight: 400; line-height: 2.25rem; margin: 0px; padding: 1.25rem 0.5rem 0px 1rem;">22</h3><div class="comp mntl-sc-block-callout-body mntl-text-block" id="mntl-sc-block-callout-body_1-0-2" style="box-sizing: border-box; margin-bottom: 1rem; padding: 0px 1rem 0.6rem; position: relative;"><p style="box-sizing: border-box; font-size: 1.25rem; font-style: italic; line-height: 1.75rem; margin-bottom: 0px; margin-top: 0px;">The number of states that either require PIP or offer it as an optional add-on to insurance.</p></div></div></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-16" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">What States Require Personal Injury Protection (PIP)?</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-17" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">PIP auto insurance is required in Florida, Hawaii, Kansas, Kentucky, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Dakota, Pennsylvania, Utah, and Puerto Rico. It is a compulsory add-on to auto insurance in Arkansas, Delaware, Maryland, Oregon, and Texas and an optional add-on in New Hampshire, South Dakota, Virginia, Washington, Wisconsin, and Washington, D.C. That’s a grand total of 22 states, one territory, and one federal city.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-1" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;">1</span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-18" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp native mntl-native" data-right-rail-index="3" id="native_1-0" style="--native-ad-height: auto; box-sizing: border-box; height: var(--native-ad-height); width: 600px;"><div class="comp scads-to-load mntl-native__adunit mntl-gpt-dynamic-adunit mntl-gpt-adunit gpt native dynamic js-lazy-ad is-requested" id="mntl-native__adunit_1-0" style="box-sizing: border-box; text-align: center;"></div></div></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-19" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Minimum coverage requirements are set by the above entities’ governments and can vary. Maximums are set by insurance companies and can also vary, but they are usually no more than $25,000.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-20" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-21" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">Do I Need Personal Injury Protection (PIP)?</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-22" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">If you live in a state that requires PIP, then yes, you need to have PIP coverage. The question then becomes how much you should get. If your health insurance provides coverage for injuries and rehabilitation related to a car accident, you may only need to purchase the minimum amount of PIP required by your state. Similarly, if PIP coverage is optional in your state, you'll want to look at your health insurance to see how it covers expenses related to car crashes, as well as your deductible and out of pocket maximums, to help you decide.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-23" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-personal-injury-protection-pip-vs-liability-insurance" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-24" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Personal Injury Protection (PIP) vs. Liability Insurance</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-25" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">PIP is not a substitute for liability insurance, which is required by every state (plus Puerto Rico and Washington, D.C.), except for New Hampshire and Virginia.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-2" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;">2</span></span> Liability insurance pays for injuries caused to another party, such as a pedestrian or the driver and occupants of another vehicle. There's also professional liability insurance; such policies are generally taken out by financial advisors, business owners, landlords, doctors, lawyers—anyone at risk of being sued for damages and/or injuries.</p></div><div class="comp sponsorship-wrapper mntl-block" id="sponsorship-wrapper_1-0" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><div class="comp article-meta mntl-block" data-tracking-container="true" id="article-meta_1-0" style="background-color: white; box-sizing: border-box; color: #111111; display: inline-block; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin: 0px 0px 1rem; position: relative;"><div class="comp finance-bylines mntl-bylines" id="finance-bylines_1-0" style="box-sizing: border-box;"></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-66563180598375005582022-03-20T10:03:00.002+05:002022-07-31T19:23:33.385+05:00How Much Car Insurance Do You Need?<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRJomk_hFu4j6NL2yxqDhJfE1SB2goOSnJAG_OkNeUblqow4MvYBF8EPg9RjcCksiblr5bmHLhJS-AhllTBQRYVylY6RIe3tsas2sDHnAWO5WLySnqn16AWyg2AIgHHXk_83UuqEWROXupGszEZUkpBXgkqKgM7USPJ3QuGtHn3LkZspRf1oXqlyg-/s1280/maxresdefault%20(3).jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="720" data-original-width="1280" height="338" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRJomk_hFu4j6NL2yxqDhJfE1SB2goOSnJAG_OkNeUblqow4MvYBF8EPg9RjcCksiblr5bmHLhJS-AhllTBQRYVylY6RIe3tsas2sDHnAWO5WLySnqn16AWyg2AIgHHXk_83UuqEWROXupGszEZUkpBXgkqKgM7USPJ3QuGtHn3LkZspRf1oXqlyg-/w602-h338/maxresdefault%20(3).jpg" width="602" /></a></div><br /><h1 class="comp article-heading mntl-text-block" id="article-heading_2-0" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 3rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.1; margin: 0px 0px 1rem; padding-bottom: 1rem; position: relative;"><span style="font-size: 3rem; letter-spacing: 0.05px;">How Much Car Insurance Do You Need?</span></h1><div><br /></div><div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">How much car insurance do you need? The answer depends on a number of factors, including where you live, how much your car is worth, and what other assets you need to protect. Here's what you need to know.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-1" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><div class="comp mntl-sc-block finance-sc-block-callout mntl-block" id="mntl-sc-block_1-0-2" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp theme-whatyouneedtoknow mntl-sc-block mntl-sc-block-callout mntl-block" data-tracking-container="true" data-tracking-id="mntl-sc-block-callout" id="mntl-sc-block_1-0-3" style="box-sizing: border-box; margin: 1rem 0px 2rem; position: relative;"><h3 class="comp mntl-sc-block-callout-heading mntl-text-block" id="mntl-sc-block-callout-heading_1-0" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1rem; font-weight: 400; letter-spacing: 0.05rem; line-height: 1.2; margin: 0px; padding: 1.5625rem 1.25rem 0.5625rem; text-transform: uppercase;">KEY TAKEAWAYS</h3><div class="comp mntl-sc-block-callout-body mntl-text-block" id="mntl-sc-block-callout-body_1-0" style="box-sizing: border-box; padding: 0px 1.25rem 1.25rem;"><p style="box-sizing: border-box; margin-bottom: 1.75rem; margin-top: 0px;"><br style="box-sizing: border-box; margin-bottom: 0px;" /></p><ul style="box-sizing: border-box; list-style-image: initial; list-style-position: initial; margin-bottom: 0px; margin-top: 0px; padding-left: 1.5rem;"><li style="box-sizing: border-box; padding-bottom: 0.375rem;">Most states require you to have at least a minimum amount of insurance coverage for any injuries or property damage you cause in an accident.</li><li style="box-sizing: border-box; padding-bottom: 0.375rem;">Collision coverage, which is optional, covers damage to your own car in an accident.</li><li style="box-sizing: border-box; padding-bottom: 0.375rem;">Comprehensive coverage, also optional, protects against other risks, such as theft or fire.</li><li style="box-sizing: border-box; margin-bottom: 0px; padding-bottom: 0.375rem;">Uninsured motorist coverage, mandatory in some states, protects you if you're hit by a driver who doesn't have insurance.</li></ul></div></div></div><span class="heading-toc" id="toc-how-car-insurance-works" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-4" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">How Car Insurance Works</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-5" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">An automobile insurance policy is actually a package of several different types of insurance. The most common ones are:</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-6" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><ul class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-7" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; list-style-image: initial; list-style-position: initial; margin-bottom: 1.75rem; margin-top: 0px; padding-left: 1.5rem;"><li style="box-sizing: border-box;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Bodily injury liability</strong></li><li style="box-sizing: border-box;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Property damage liability</strong></li><li style="box-sizing: border-box;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Medical payments or personal injury protection</strong></li><li style="box-sizing: border-box;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Collision coverage</strong></li><li style="box-sizing: border-box;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Comprehensive coverage</strong></li><li style="box-sizing: border-box;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Uninsured/underinsured motorist coverage</strong></li></ul><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-8" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-9" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Depending on the state you live in, some of these coverages may be mandatory, others optional. If you have an auto loan or lease, your lender may also have certain requirements. But beyond what your state or lender requires, you may want to purchase additional insurance to protect yourself. Here's a closer look at each type of coverage and how to decide how much you really need.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-10" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-bodily-injury-liability" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-11" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Bodily Injury Liability</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-12" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">What it covers:</strong> Bodily injury liability is the part of a car insurance policy that will pay for injuries you or family members who are listed on your policy cause to someone else in an auto accident.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-13" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp native mntl-native" data-right-rail-index="3" id="native_1-0" style="--native-ad-height: auto; box-sizing: border-box; height: var(--native-ad-height); width: 596px;"><div class="comp scads-to-load mntl-native__adunit mntl-gpt-dynamic-adunit mntl-gpt-adunit gpt native dynamic js-lazy-ad is-requested" id="mntl-native__adunit_1-0" style="box-sizing: border-box; text-align: center;"></div></div></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-14" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">How much you need: </strong>Virtually every state requires drivers to purchase bodily injury liability coverage, although the amount varies from state to state. On an auto insurance policy, your liability coverage is typically expressed as a series of three numbers, such as 25/50/20. The first number represents the maximum your insurer will pay per person if you injure someone in an accident—$25,000 in this example. The second number is the maximum it will pay per accident, in case more than one person is injured—$50,000 in this case. The third number refers to property damage liability.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-15" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-16" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">You will need to purchase at least the minimum amount of bodily injury coverage that your state requires. For many states, that's $25,000 per person and $50,000 per accident, although some states are lower or higher.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-12" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;"><br /></span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-17" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-18" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Your state's minimum requirements might not be enough, however, especially if you are involved in a serious accident. You'll need to consider your assets and whether they'd be adequately protected in the event of a lawsuit. For example, if you own your home or have a substantial amount of money in savings, a costly accident could put them at risk. In that case, you'll want to buy more coverage. The nonprofit Consumers' Checkbook, among others, recommends buying coverage of at least 100/300/50, just in case. The difference in cost between that coverage and your state's minimum will probably not be very much.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-13" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;"><br /></span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-19" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-20" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">You can buy even more coverage than that—250/500/100, say—if you have more assets to protect. You can also purchase an umbrella policy, which will raise both your auto and home insurance liability coverage to $1 million or more.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-21" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-property-damage-liability" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-22" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Property Damage Liability</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-23" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">What it covers:</strong> Property damage liability covers the cost when you or members of your family damage another person's car or other property (such as a tree or fence) in an accident.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-24" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-25" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">How much you need: </strong>As with bodily injury liability, virtually every state requires you to have some amount of property damage coverage. It's represented on your policy as the third number in that sequence, so a 25/50/20 policy would provide $20,000 in coverage. Some states require you to have as little as $10,000 or even $5,000 in property damage liability coverage, but $20,000 or $25,000 minimums are most common.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-14" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;">3</span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-26" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-27" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Again, you may want to buy more coverage than your state's minimum. But unless you find yourself in a collision with a Lamborghini or Rolls-Royce, you probably don't face as much financial risk as you would in an accident in which people are seriously injured. A commonly recommended level of property damage coverage is $50,000—or more if you have substantial assets to protect.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-28" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-medical-payments-medpay-or-personal-injury-protection-pip" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-29" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Medical Payments (MedPay) or Personal Injury Protection (PIP)</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-30" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">What it covers:</strong> Unlike bodily injury liability coverage, medical payments (MedPay) or personal injury protection (PIP) covers the cost of injuries to the driver and any passengers in your car. In some cases, it will also cover any lost wages resulting from injuries sustained in an accident.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-15" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;"><br /></span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-31" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-32" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">How much you need: </strong>Whether medical payments or PIP coverage is mandatory, optional, or even available will depend on your state. In states with no-fault insurance laws, such as Florida and New York, PIP coverage is mandatory. In Florida, for example, drivers must carry at least $10,000.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-17" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;">5</span></span> In New York, the minimum is $50,000.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-16" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;"><br /></span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-33" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-34" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">If you and your family members already have good health insurance, you may not need to buy more than the required minimum of PIP coverage. If you don't have health insurance, however, you might want to purchase more.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-18" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;">7</span></span> That's especially true in a state like Florida, where $10,000 in coverage could be inadequate if you're in a serious accident.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-35" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-collision-coverage" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-36" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Collision Coverage</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-37" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">What it covers:</strong> Collision coverage will pay to repair or replace your car if you're involved in an accident with another car or hit some other object.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-38" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-39" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">How much you need: </strong>States don't require drivers to have collision coverage. However, if you have an auto loan or are leasing the car, your lender may require it. When you've paid off your loan or returned your leased car, you can drop the coverage.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-15" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;"><br /></span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-40" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-41" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Even if it's not required, you may want to buy collision coverage. For example, if you'd have trouble paying a big repair bill out of pocket after an accident, collision coverage could be good to have.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-42" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-43" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">You'll also want to consider what your car is worth. The price of collision coverage is based on the value of your car, and it typically comes with a deductible of $250 to $1,000. So if your car would cost $20,000 to replace, you'd pay the first $250 to $1,000, depending on the deductible you chose when you bought your policy, and the insurer would be responsible for as much as $19,000 to $19,750 after that.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-44" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-45" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">As your car's value depreciates over time, however, you may want to consider dropping collision coverage. Between the cost of your annual premiums and the deductible you'd have to pay out of pocket after an accident, you could be paying a lot for very little coverage. Even insurance companies will tell you that dropping collision coverage makes sense when your car is worth less than a few thousand dollars.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-19" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;"><br /></span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-46" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-comprehensive-coverage" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-47" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Comprehensive Coverage</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-48" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">What it covers:</strong> Comprehensive covers damage to your car from something other than a collision. That might be, for example, a fire, a flood, or a falling tree. It also covers car theft.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-49" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-50" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">How much you need: </strong>As with comprehensive coverage, states don't require you to have collision coverage, but if you have an auto loan or lease, your lender may require it. And again, when you've paid off your loan or returned your leased car, you can drop the coverage.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-15" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;"><br /></span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-51" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-52" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">In deciding whether to buy comprehensive coverage if it isn't required, you'll want to weigh your ability to pay out of pocket if your car is stolen and you have to buy a new one or damaged and you're stuck with the repair bills. You'll also want to consider how much your car is worth compared with the cost of covering it year after year.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-53" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-uninsuredunderinsured-motorist-coverage" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-54" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Uninsured/Underinsured Motorist Coverage</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-55" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">What it covers:</strong> Just because state laws require drivers to have liability coverage, that doesn't mean every driver does. As of 2019, an estimated 12.6% of drivers—or about one in eight—were uninsured. Many other drivers have some insurance but not enough to cover the costs of a serious accident. That is where this type of coverage comes in. It can cover you and family members if you're injured or your car is damaged by an uninsured, underinsured, or hit-and-run driver.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-56" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-57" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">How much you need: </strong>Some states require drivers to carry uninsured motorist coverage (UM). Some also require underinsured motorist coverage (UIM).<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-20" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;"><br /></span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-58" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-59" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Maryland, for example, requires drivers to carry uninsured/underinsured motorist bodily injury liability insurance of at least $30,000 per person and $60,000 per accident. It also requires at least $15,000 in uninsured motorist property damage coverage.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-22" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;"><br /></span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-60" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-61" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">If your state requires uninsured/underinsured motorist coverage, you can buy more than the required amount if you wish to. You can also buy this coverage in some states that don't require it.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-62" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-63" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">If you aren't required to buy uninsured/underinsured motorist coverage, you might want to consider it if the coverage you already have would be insufficient to pay the bills if you're involved in a serious accident. For example, if you lack adequate health insurance or medical coverage through your car insurance policy, adding it could be worth it.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-64" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-other-types-of-coverage" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-65" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Other Types of Coverage</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-66" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">When you're shopping for auto insurance, you may see some other, totally optional types of coverage. Those can include:</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-67" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><ul class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-68" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; list-style-image: initial; list-style-position: initial; margin-bottom: 1.75rem; margin-top: 0px; padding-left: 1.5rem;"><li style="box-sizing: border-box;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Roadside assistance</strong>, such as towing</li><li style="box-sizing: border-box;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Rental reimbursement</strong>, if you have to rent a car while yours is being repaired</li><li style="box-sizing: border-box;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Gap insurance</strong>, which covers any difference between your car's cash value and what you still owe on a lease or loan if your car is a total loss</li></ul><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-69" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-70" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Whether you need any of those will depend on what other resources you have (such as membership in an auto club) and how much you could afford to pay out of pocket if you must.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-71" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-the-bottom-line" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-72" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">The Bottom Line</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-73" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">An auto insurance policy is made up of multiple types of coverage, some of which your state or auto lender may require, while others are optional. Whether to buy more than the minimum required coverage and which optional types of coverage to consider will depend on the assets you need to protect as well as how much you can afford to pay. Your state's motor vehicle department website should explain its requirements and may offer other advice specific to your state. An independent insurance agent who is familiar with the laws in your state and can provide policy options from a number of different insurance companies could also be of help.</p></div><div>
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</script></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-30176446001175666442021-06-17T22:56:00.008+05:002022-07-31T19:14:31.330+05:00How Car Insurance Treats a Total Loss<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6mV7JN2CznZQ91NU4cu3rlr63x7pblda0vnnCm83oM-M6V_9JSFh0s_DYTJ3xUVzLH-RUzKb6_InmJMznatYRi8FfdC0KztjM-j82dhbmiXEc6V8NCt4T9cXq2JjQnPTtb4OE1sve3R_D33yyYTJ5dcnMzFrN5SgripQkFlG_MZOwDQFIzbx_aqHX/s1500/GettyImages-1004420614-d368080d9b9742c2a9b97753639288ec.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1000" data-original-width="1500" height="384" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6mV7JN2CznZQ91NU4cu3rlr63x7pblda0vnnCm83oM-M6V_9JSFh0s_DYTJ3xUVzLH-RUzKb6_InmJMznatYRi8FfdC0KztjM-j82dhbmiXEc6V8NCt4T9cXq2JjQnPTtb4OE1sve3R_D33yyYTJ5dcnMzFrN5SgripQkFlG_MZOwDQFIzbx_aqHX/w576-h384/GettyImages-1004420614-d368080d9b9742c2a9b97753639288ec.jpg" width="576" /></a></div><br /><h1 class="comp article-heading mntl-text-block" id="article-heading_2-0" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 3rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.1; margin: 0px 0px 1rem; padding-bottom: 1rem; position: relative;"><span style="font-size: 3rem; letter-spacing: 0.05px;">How Car Insurance Treats a Total Loss</span></h1><div><br /></div><div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">If your car is damaged in an accident and the cost to repair it is more than the car's actual value, the insurance company decides it can't be repaired safely, or it meets other requirements specified by your state, it may be considered a total loss, or "totaled." Here is what you need to know—just in case.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-1" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-key-takeaways" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-2" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Key Takeaways</span></h2><div class="comp mntl-sc-block finance-sc-block-callout mntl-block" id="mntl-sc-block_1-0-3" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp theme-whatyouneedtoknow mntl-sc-block mntl-sc-block-callout mntl-block" data-tracking-container="true" data-tracking-id="mntl-sc-block-callout" id="mntl-sc-block_1-0-4" style="box-sizing: border-box; margin: 1rem 0px 2rem; position: relative;"><h3 class="comp mntl-sc-block-callout-heading mntl-text-block" id="mntl-sc-block-callout-heading_1-0" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1rem; font-weight: 400; letter-spacing: 0.05rem; line-height: 1.2; margin: 0px; padding: 1.5625rem 1.25rem 0.5625rem; text-transform: uppercase;">KEY TAKEAWAYS</h3><div class="comp mntl-sc-block-callout-body mntl-text-block" id="mntl-sc-block-callout-body_1-0" style="box-sizing: border-box; padding: 0px 1.25rem 1.25rem;"><ul style="box-sizing: border-box; list-style-image: initial; list-style-position: initial; margin-bottom: 0px; margin-top: 0px; padding-left: 1.5rem;"><li style="box-sizing: border-box; padding-bottom: 0.375rem;">Your car may be considered a total loss if the cost to repair it after an accident exceeds the value of the car or if it meets certain other criteria set by your state.</li><li style="box-sizing: border-box; padding-bottom: 0.375rem;">If another driver was at fault, their property damage liability insurance should cover you.</li><li style="box-sizing: border-box; padding-bottom: 0.375rem;">But if you were at fault, your own policy's collision insurance should cover you—if you've purchased that optional coverage.</li><li style="box-sizing: border-box; margin-bottom: 0px; padding-bottom: 0.375rem;">If you have an auto loan or are leasing a car and experience a total loss, you may be on the hook for the difference between what the insurer pays you and how much you still owe.</li></ul></div></div></div><span class="heading-toc" id="toc-what-is-a-total-loss" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-5" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">What Is a Total Loss?</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-6" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">For a vehicle to be declared a total loss by an insurance company, it must meet one of several criteria:</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-7" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><ul class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-8" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; list-style-image: initial; list-style-position: initial; margin-bottom: 1.75rem; margin-top: 0px; padding-left: 1.5rem;"><li style="box-sizing: border-box;">The car would cost more to repair than its actual cash value. State Farm, for example, says it bases actual cash value on the car's "year, make, model, mileage, overall condition, and major options—minus your deductible and applicable state taxes and fees."<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-4" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;"><br /></span></span></li><li style="box-sizing: border-box;">The insurer determines that it cannot be repaired so that it will be safe to drive.</li><li style="box-sizing: border-box;">It meets other criteria for a totaled car under your state's auto insurance laws.</li></ul><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-9" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-10" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">State insurance laws as well as individual insurers have formulas for determining whether a car should be considered a total loss. Many use a "total loss formula" wherein if the cost of the repairs plus the salvage value of the car exceeds what the car was worth before the accident, it will be considered a total loss. Some states set a "total loss threshold" by which the damage only needs to exceed a certain percentage of the car's value for it to be considered a total loss.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-11" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-12" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">In New York, for example, the threshold is 75%. So if the cost of repairs plus the car's salvage value exceeds 75% of its actual cash value, the car is a total loss for insurance purposes.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-5" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;"><br /></span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-13" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp native mntl-native" data-right-rail-index="3" id="native_1-0" style="--native-ad-height: auto; box-sizing: border-box; height: var(--native-ad-height); width: 600px;"><div class="comp scads-to-load mntl-native__adunit mntl-gpt-dynamic-adunit mntl-gpt-adunit gpt native dynamic js-lazy-ad is-requested" id="mntl-native__adunit_1-0" style="box-sizing: border-box; text-align: center;"></div></div></div><span class="heading-toc" id="toc-filing-an-insurance-claim-for-a-total-loss" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-14" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Filing an Insurance Claim for a Total Loss</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-15" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">If your car was totaled in an accident in which another driver was at fault, you can file a claim with that person's insurance company. Your own insurance company may help you through the claims process. In every state but New Hampshire, drivers are required to carry at least a certain minimum amount of property damage liability coverage. (New Hampshire has a financial responsibility law requiring that drivers without insurance can prove they could cover any damage they might cause.)<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-6" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;"><br /></span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-16" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-17" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">In most states, drivers must have at least $10,000 in property damage liability coverage, and many states set the minimum at $25,000. Drivers can buy more liability coverage than their state's minimum and are often advised to if they have assets to protect from a lawsuit.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-18" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-19" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">On the other hand, if you were at fault (or no other driver was involved), you will file a claim with your own insurance company. To do that, you must have collision or comprehensive insurance as part of your policy.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-20" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-21" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Collision insurance covers damage to your car in an accident with another vehicle or an object such as a tree or guardrail. Comprehensive covers damage from causes other than a collision, such as fire, wind, flooding, vandalism, or a falling object.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-22" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-23" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Both comprehensive and collision insurance are optional. Both also carry deductibles, the part of the bill you must pay before your insurer will kick in its share. For example, if you have a $500 deductible on your collision insurance and your car is totaled in an accident, your insurer would deduct $500 from your insurance settlement.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-24" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-25" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Whether you or another driver were at fault, the insurance company will assign a claims adjuster to inspect the damage to your car and determine whether it is a total loss.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-26" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-27" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">If you disagree with the adjuster's assessment, the National Association of Insurance Commissioners (NAIC) suggests first trying to resolve the matter with your insurance company. "If you and the insurer still disagree about the claim handling or settlement, you should ask for help from the consumer services personnel at your state insurance department," the NAIC says. If that doesn't work, and the amount of money involved is substantial, you might consider hiring a private attorney or a public adjuster to help press your case.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-3" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;"><br /></span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-28" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><div class="comp mntl-sc-block finance-sc-block-callout mntl-block" id="mntl-sc-block_1-0-29" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp theme-important mntl-sc-block mntl-sc-block-callout mntl-block" data-tracking-container="true" data-tracking-id="mntl-sc-block-callout" id="mntl-sc-block_1-0-30" style="border: 1px solid rgb(225, 226, 230); box-sizing: border-box; margin: -0.75rem 0px 1rem; padding: 0.5rem;"><div class="comp mntl-sc-block-callout-body mntl-text-block" id="mntl-sc-block-callout-body_1-0-1" style="box-sizing: border-box; padding-left: 2rem; padding-right: 1.75rem;"> <p style="box-sizing: border-box; display: inline; margin-bottom: 1.75rem; margin-top: 0px; vertical-align: baseline;">If you have a car loan or lease and total your car, you may get less money from your insurance company than you owe your lender. However, you'll still have to pay the loan or lease off in full.</p></div></div></div><span class="heading-toc" id="toc-a-total-loss-on-a-financed-or-leased-car" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-31" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">A Total Loss on a Financed or Leased Car</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-32" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">If you own your car free and clear without an outstanding car loan, you can simply file a claim. When the insurer cuts you a check, you can put the money toward the purchase of another car or use it for other purposes.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-33" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-34" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">If you still owe money on the totaled car, the situation is more complicated, especially if your car is relatively new. Because new cars depreciate quickly in the first few years of ownership, it's not uncommon for the balance on a car loan to be higher than the car's actual value. So, in addition to whatever you receive from the insurance company, you may have to dip into savings to pay off your loan.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-35" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-36" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">The situation is similar with leased cars, wherein you may owe more on your lease than you receive in an insurance settlement.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-37" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-38" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">For both loans and leases, one way to protect yourself is to purchase gap insurance. As the name implies, it is designed to cover the gap between what the insurance company will pay and what you owe.</p></div><div><div><script async="" crossorigin="anonymous" src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-1959358043009827"></script>
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Swerving to avoid it, you hop the curb and smash through the neighbor’s fence. Who pays to fix it? </p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-1" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-2" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">If you’re insured, your insurance company covers the cost, minus your deductible. This is the role of property damage liability insurance—coverage for damage you cause to another person’s property. Liability coverage is the most basic form of car insurance, and all states—except New Hampshire—require it.</p><div class="comp mntl-sc-block finance-sc-block-callout mntl-block" id="mntl-sc-block_1-0-4" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp theme-whatyouneedtoknow mntl-sc-block mntl-sc-block-callout mntl-block" data-tracking-container="true" data-tracking-id="mntl-sc-block-callout" id="mntl-sc-block_1-0-5" style="box-sizing: border-box; margin: 1rem 0px 2rem; position: relative;"><h3 class="comp mntl-sc-block-callout-heading mntl-text-block" id="mntl-sc-block-callout-heading_1-0" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1rem; font-weight: 400; letter-spacing: 0.05rem; line-height: 1.2; margin: 0px; padding: 1.5625rem 1.25rem 0.5625rem; text-transform: uppercase;">KEY TAKEAWAYS</h3><div class="comp mntl-sc-block-callout-body mntl-text-block" id="mntl-sc-block-callout-body_1-0" style="box-sizing: border-box; padding: 0px 1.25rem 1.25rem;"><ul style="box-sizing: border-box; list-style-image: initial; list-style-position: initial; margin-bottom: 1.75rem; margin-top: 0px; padding-left: 1.5rem;"><li style="box-sizing: border-box; padding-bottom: 0.375rem;">Most states require car owners to buy property damage liability insurance.</li><li style="box-sizing: border-box; padding-bottom: 0.375rem;">This coverage pays for damage to someone else’s property, such as a fence, a lamppost, or another driver’s car.</li><li style="box-sizing: border-box; padding-bottom: 0.375rem;">It doesn’t cover damage to your own vehicle.</li><li style="box-sizing: border-box; margin-bottom: 0px; padding-bottom: 0.375rem;">Minimum liability requirements vary by state.</li></ul><p style="box-sizing: border-box; margin-bottom: 0px; margin-top: 0px;"><br style="box-sizing: border-box; margin-bottom: 0px;" /></p></div></div></div><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-6" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">How Does Property Damage Liability Insurance Work?</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-7" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Property damage liability insurance usually makes up just one part of your car insurance policy. Car insurance policies typically contain the following coverage types: </p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-8" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><ul class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-9" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; list-style-image: initial; list-style-position: initial; margin-bottom: 1.75rem; margin-top: 0px; padding-left: 1.5rem;"><li style="box-sizing: border-box;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Bodily Injury Liability: </strong>If you or a covered family member cause injuries to someone else, bodily injury liability coverage helps to pay their medical bills and lost wages. </li><li style="box-sizing: border-box;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Medical Payments or Personal Injury Protection (PIP):</strong> If you’re in an accident and you or a passenger are injured, medical payments coverage or PIP will pay for your medical payments, lost wages, and even funeral costs. </li><li style="box-sizing: border-box;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Collision: </strong>Collision insurance pays for repairs or replacement costs for the policyholder’s vehicle after an accident. </li><li style="box-sizing: border-box;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Comprehensive:</strong> Comprehensive coverage reimburses policyholders for losses from theft or weather damage. </li><li style="box-sizing: border-box;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Uninsured/Underinsured Motorist Coverage: </strong>If you’re in an accident with a person who either doesn’t have insurance or doesn’t have enough insurance to cover your damages, uninsured/underinsured motorist coverage will pay for your car repairs and other expenses. </li><li style="box-sizing: border-box;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Property Damage Liability: </strong>Property damage liability insurance covers repairs to another person’s car or property, such as a fence or building, when you are at fault in an accident. It also will pay for the removal of debris, such as a damaged tree or signs, that occurs after an accident. </li><span class="mntl-sc-block-adslot mntl-sc-block-adslot-inline" style="box-sizing: border-box;"><div class="comp native mntl-native" data-right-rail-index="3" id="native_1-0" style="--native-ad-height: auto; box-sizing: border-box; height: var(--native-ad-height); width: 576px;"><div class="comp scads-to-load mntl-native__adunit mntl-gpt-dynamic-adunit mntl-gpt-adunit gpt native dynamic js-lazy-ad is-requested" id="mntl-native__adunit_1-0" style="box-sizing: border-box; text-align: center;"></div></div></span></ul><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-10" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-11" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Liability coverage is typically written with three numbers, such as $50,000/$100,000/$50,000. The first number reflects your bodily injury coverage, the second number is your bodily injury coverage per incident limit, and the third number is the property damage liability portion. </p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-12" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-13" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Property damage liability doesn’t cover repairs for your own vehicle or your medical expenses, so you’ll need additional coverage to protect yourself, such as collision and comprehensive insurance. </p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-14" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-15" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">How Much Property Damage Liability Insurance Is Required? </span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-16" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">How much property damage liability insurance you’re required to have depends on what state you live in. Below are the minimum requirements for each state and Washington, D.C.: </p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-17" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-2" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><span class="heading-toc" id="toc-how-does-property-damage-liability-insurance-work" style="box-sizing: border-box; letter-spacing: 0.05px;"></span><span style="letter-spacing: 0.05px;"></span><span class="heading-toc" id="toc-how-much-property-damage-liability-insurance-is-required" style="box-sizing: border-box; letter-spacing: 0.05px;"></span><span style="letter-spacing: 0.05px;"></span></p><ol class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-18" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; list-style: none; margin-bottom: 1.75rem; margin-top: 0px; padding: 0px;"><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Alabama: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Alaska: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Arizona: $10,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Arkansas: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">California: $5,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Colorado: $15,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Connecticut: $20,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Delaware: $10,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">District of Columbia: $10,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Florida: $10,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Georgia: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Hawaii: $10,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Idaho: $15,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Illinois: $20,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Indiana: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Iowa: $15,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Kansas: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Kentucky: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Louisiana: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Maine: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Maryland: $15,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Massachusetts: $5,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Michigan: $10,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Minnesota: $10,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Mississippi: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Missouri: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Montana: $20,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Nebraska: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Nevada: $20,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">New Hampshire: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">New Jersey: $5,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">New Mexico: $10,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">New York: $10,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">North Carolina: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">North Dakota: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Ohio: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Oklahoma: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Oregon: $20,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Pennsylvania: $5,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Rhode Island: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">South Carolina: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">South Dakota: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Tennessee: $15,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Texas: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Utah: $15,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Vermont: $10,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Virginia: $20,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Washington: $10,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">West Virginia: $25,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Wisconsin: $10,000</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">Wyoming: $20,000</li></ol></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-40423543486098633252021-05-31T10:25:00.006+05:002022-07-31T18:47:52.621+05:00Auto Insurance Advice From a Consumer Advocate<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgl7zVsBfI8S9ed5Re6ckG06AMkoLxSNT5tvCr86EGhlXAcEvVTDd0LUCT7nquU4Qd3DCllOQqs_HAC-77F2KSnrmGXE2cXSUVhU1AGYsNljxz0zNiHjbqJwwwVDCManYmts47RO5iQAAnZDX2Je8DTohN4-4QMmjzAbV63p2dQtE4Tw2qzqLe_oVrk/s1200/5109.webp" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="720" data-original-width="1200" height="334" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgl7zVsBfI8S9ed5Re6ckG06AMkoLxSNT5tvCr86EGhlXAcEvVTDd0LUCT7nquU4Qd3DCllOQqs_HAC-77F2KSnrmGXE2cXSUVhU1AGYsNljxz0zNiHjbqJwwwVDCManYmts47RO5iQAAnZDX2Je8DTohN4-4QMmjzAbV63p2dQtE4Tw2qzqLe_oVrk/w557-h334/5109.webp" width="557" /></a></div><br /><h1 class="comp article-heading mntl-text-block" id="article-heading_2-0" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 3rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.1; margin: 0px 0px 1rem; padding-bottom: 1rem; position: relative;"><span style="font-size: 3rem; letter-spacing: 0.05px;">Auto Insurance Advice From a Consumer Advocate</span></h1><div><br /></div><div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Nationally recognized insurance expert and consumer advocate Douglas “Doug” Heller spent two decades working on public policy and regulatory matters related to property-casualty insurance. In other words, he’s a “been there-done that” kind of guy when it comes to automobile insurance.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-1" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-2" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">During his career, Heller has authored op-eds, articles, and reports on auto insurance pricing in the U.S. and provided expertise in insurance-related litigation. For nine years, Heller served as executive director of the national consumer advocacy organization Consumer Watchdog. In addition to conducting research for and providing expertise to consumer rights organizations, Heller is a member of the Federal Advisory Committee on Insurance (FACI).<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-2" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;"><br /></span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-3" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-4" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">What follows is Investopedia’s edited conversation with Heller.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-5" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-the-three-objectives-of-auto-insurance" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-6" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">The Three Objectives of Auto Insurance</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-7" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Investopedia: </strong>What’s the purpose of automobile insurance?</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-8" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-9" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Heller:</strong> There are three objectives of automobile insurance.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-10" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-11" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">First, there’s liability. The damage you do to another person, their car, or property is covered under liability. This is called third-party coverage because it provides coverage to others.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-12" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-13" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Second, auto insurance pays to protect you, your passengers, and your vehicle through medical payments, comprehensive, and collision coverage. This is a type of first-party coverage.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-14" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-15" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Finally, insurance helps you comply with the law. Automobiles are dangerous, heavy, expensive pieces of machinery. Insurance provides protection for drivers, passengers, and others from injury or damage done by someone who would have no way to pay for any damage they do.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-16" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-17" style="background-color: white; box-sizing: border-box; counter-reset: section 0; font-family: SourceSansPro, sans-serif; margin-bottom: 1.75rem; margin-top: 0px;"><span style="color: #111111; font-size: 18px; letter-spacing: 0.05px;">As a result, almost every state requires us to buy coverage.</span><span style="color: #0000ee;"><span style="font-size: 14px; letter-spacing: 0.98px;"> </span></span><span style="color: #111111;"><span style="font-size: 18px; letter-spacing: 0.05px;">Automobile insurance helps us meet our financial responsibility under state law.</span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-18" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><div class="comp mntl-sc-block finance-sc-block-callout mntl-block" id="mntl-sc-block_1-0-19" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp theme-important mntl-sc-block mntl-sc-block-callout mntl-block" data-tracking-container="true" data-tracking-id="mntl-sc-block-callout" id="mntl-sc-block_1-0-20" style="border: 1px solid rgb(225, 226, 230); box-sizing: border-box; margin: -0.75rem 0px 1rem; padding: 0.5rem;"><div class="comp mntl-sc-block-callout-body mntl-text-block" id="mntl-sc-block-callout-body_1-0" style="box-sizing: border-box; padding-left: 2rem; padding-right: 1.75rem;"> <p style="box-sizing: border-box; display: inline; margin-bottom: 1.75rem; margin-top: 0px; vertical-align: baseline;">Most states (New Hampshire is an exception) require both bodily injury and property damage liability coverage.</p></div></div></div><span class="heading-toc" id="toc-coverage-requirements" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-21" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Coverage Requirements</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-22" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Investopedia:</strong> Of these main types, which are required? What do you absolutely need to have to drive your car on the street?</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-23" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-24" style="background-color: white; box-sizing: border-box; counter-reset: section 0; font-family: SourceSansPro, sans-serif; margin-bottom: 1.75rem; margin-top: 0px;"><span style="color: #111111; font-size: 18px; letter-spacing: 0.05px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Heller:</strong> OK. Let’s start with the fact that New Hampshire doesn’t require auto insurance coverage.</span><span style="color: #0000ee;"><span style="font-size: 14px; letter-spacing: 0.98px;"> </span></span><span style="color: #111111;"><span style="font-size: 18px; letter-spacing: 0.05px;">I think most people in New Hampshire buy auto insurance, but it’s not required by the state government.</span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-25" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp native mntl-native" data-right-rail-index="3" id="native_1-0" style="--native-ad-height: auto; box-sizing: border-box; height: var(--native-ad-height); width: 600px;"><div class="comp scads-to-load mntl-native__adunit mntl-gpt-dynamic-adunit mntl-gpt-adunit gpt native dynamic js-lazy-ad is-requested" id="mntl-native__adunit_1-0" style="box-sizing: border-box; text-align: center;"></div></div></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-26" style="background-color: white; box-sizing: border-box; counter-reset: section 0; font-family: SourceSansPro, sans-serif; margin-bottom: 1.75rem; margin-top: 0px;"><span style="color: #111111; font-size: 18px; letter-spacing: 0.05px;">Most states require liability coverage, both bodily injury liability and property damage liability.</span><span style="color: #0000ee;"><span style="font-size: 14px; letter-spacing: 0.98px;"> </span></span><span style="color: #111111;"><span style="font-size: 18px; letter-spacing: 0.05px;">This, recall, is a type of third-party coverage. It’s the coverage we buy to protect other people. Liability means we are responsible for somebody else’s injuries and the damage we do. You often hear numbers like 15/30 or 50/100 coverage. Those two numbers describe the amount of bodily injury coverage you buy. The first number is for one person who gets injured. The second number is the total that will be paid if multiple people are injured.</span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-27" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-28" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">There is also a third number in that set. For example, 50/100/25. That last number, 25, represents $25,000 in property damage liability. If you damage somebody’s car or a fence on someone’s property when you careen, the insurance company will pay up to $25,000 for property damage. Liability is the key coverage most people are required to buy by the government in every state, except New Hampshire.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-29" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-30" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Investopedia:</strong> How much liability are you required to purchase?</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-31" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-32" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Heller: </strong>You are only required to buy the minimum. The minimum varies from state to state.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-5" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;">2</span></span> I think the most common mandatory personal liability coverage is probably 25/50. Twenty-five thousand dollars for injury to a single person, fifty thousand total. The most common property damage liability minimum is probably $25,000 per incident.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-33" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-34" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Some states also require uninsured motorist coverage. This is coverage that protects you if you are hit by an uninsured motorist or somebody else on the road without coverage. A handful of states also require what’s called personal injury protection (PIP).<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-5" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;"><br /></span></span> These types of coverage are called first-party coverage, meaning they cover you for any injuries that you sustain, irrespective of who is at fault in the accident. It’s commonly known as no-fault coverage or insurance.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-35" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-36" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Investopedia:</strong> How do you determine what your state requires?</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-37" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-38" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Heller:</strong> There are four easy ways to find this information: your state department of insurance, state department of motor vehicles, the National Association of Insurance Commissioners (NAIC), or what I think is the easiest way, just conduct a simple web search. Type in your state and the words “minimum auto insurance.”</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-39" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-40" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">There’s one additional type of coverage that is required—not by the government, but by your car lender. It’s called comprehensive and collision coverage. If you don’t own your car outright—say you have a loan, or are leasing your vehicle—the company financing the car, whether it’s a bank, finance company, or lease company, will require comprehensive and collision.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-41" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-42" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">That, again, is first-party coverage since it refers to damage done to your car. The reason these banks and others require you to buy that coverage is they are not worried about what you do to other people. They’re worried about what you do to the car in which they have a financial stake. So, if you don’t own your car outright, you’re going to need comprehensive and collision, which you may want, even if you do own it outright. But you are required to have it, again not by law, but by the financial institution.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-43" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><div class="comp mntl-sc-block finance-sc-block-callout mntl-block" id="mntl-sc-block_1-0-44" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp theme-warning mntl-sc-block mntl-sc-block-callout mntl-block" data-tracking-container="true" data-tracking-id="mntl-sc-block-callout" id="mntl-sc-block_1-0-45" style="border: 1px solid rgb(225, 226, 230); box-sizing: border-box; margin: -0.75rem 0px 1rem; padding: 0.5rem;"><div class="comp mntl-sc-block-callout-body mntl-text-block" id="mntl-sc-block-callout-body_1-0-1" style="box-sizing: border-box; padding-left: 2rem; padding-right: 1.75rem;"> <p style="box-sizing: border-box; display: inline; margin-bottom: 1.75rem; margin-top: 0px; vertical-align: baseline;">Failure to purchase required coverage can result in forced-place insurance at higher cost.</p></div></div></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-46" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Investopedia:</strong> What are the consequences if you somehow manage to not buy that coverage?</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-47" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-48" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Heller: </strong>If you don’t buy it, if you let it lapse, your bank (or lender) is going to find out because they have a relationship with the insurer. And then what they’re going to do is they’re going to buy it for you and charge it on your loan as a product called forced-place insurance. And that is not only going to be a surprise on your bill but also much more expensive than the coverage you can get on your own.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-49" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-50" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Investopedia:</strong> Since states don’t require comprehensive and collision, do they have any say in that type of coverage, such as how much insurers charge, what the coverage is, and so forth?</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-51" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-52" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Heller:</strong> With respect to comp and collision, states, by virtue of their regulation of auto insurance, may say how much can be charged for it. They may require limits or allow companies to set their prices differently in one state from another based on different regulatory regimes. But when it comes to the requirement to have comp and collision, that is governed by financial institutions. For example, a bank isn’t going to let you buy a comprehensive policy with a $5,000 deductible.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-53" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-optional-coverage" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-54" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Optional Coverage</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-55" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Investopedia:</strong> What types of coverage might people want, even though it’s not required?</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-56" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-57" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Heller:</strong> One I mentioned that is required in some but not all states is uninsured motorist and underinsured motorist coverages. These coverages pay for your injuries or damage to your vehicle if you are hit by an uninsured or underinsured driver. That driver is not taking financial responsibility for the damage they caused because they don’t have insurance.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-58" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-59" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Theoretically, you could take them to court and sue them for it. Oftentimes, however, the primary reason uninsured drivers are uninsured is because they can’t afford insurance. Research shows that most people who are driving without insurance aren’t doing it because they want to stick to the man. It’s because they can’t afford coverage. And if they can’t afford auto insurance coverage, it’s unlikely that they will have much in the way of assets to cover your injuries or damage to your car.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-60" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-61" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">This is why, even if your state doesn’t require it, it’s important to consider buying uninsured motorist coverage. By the way, you should really think about buying as much uninsured motorist coverage as you have liability coverage. Otherwise, you’re saying the value of injuries to other people is greater than the value of injury to yourself and your car.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-62" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-63" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Investopedia: </strong>Is there any other type of coverage that is not required but still a good idea to consider?</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-64" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-65" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Heller: </strong>Sure. The other thing that people like to think about, and for good reason, is rental car coverage. Rental car coverage answers the question, “What am I going to do for the next seven to 15 days while my car is out of service after an accident?”</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-66" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-67" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Keep in mind if somebody hits you and has insurance, their liability coverage should pay for your rental. If you’re at fault, collision coverage may not pay for a rental car unless you have that rider.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-68" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><div class="comp mntl-sc-block finance-sc-block-callout mntl-block" id="mntl-sc-block_1-0-69" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp theme-tip mntl-sc-block mntl-sc-block-callout mntl-block" data-tracking-container="true" data-tracking-id="mntl-sc-block-callout" id="mntl-sc-block_1-0-70" style="border: 1px solid rgb(225, 226, 230); box-sizing: border-box; margin: -0.75rem 0px 1rem; padding: 0.5rem;"><div class="comp mntl-sc-block-callout-body mntl-text-block" id="mntl-sc-block-callout-body_1-0-2" style="box-sizing: border-box; padding-left: 2rem; padding-right: 1.75rem;"> <p style="box-sizing: border-box; display: inline; margin-bottom: 1.75rem; margin-top: 0px; vertical-align: baseline;">If you sell your car or switch companies, make sure you cancel your existing car insurance policy.</p></div></div></div><span class="heading-toc" id="toc-gap-insurance" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-71" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Gap Insurance</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-72" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Investopedia:</strong> What types of coverage are sold that aren’t helpful?</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-73" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-74" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Heller: </strong>One that really frustrates me is guaranteed asset protection or gap insurance. It's one of those things that's sold along with the undercoating when you buy a new car. It's essentially credit coverage that covers the difference between what you owe on the car and what insurance will pay if the car is totaled.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-75" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-76" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">There is sort of a theoretical reason for it. You buy your coverage, the car’s value drops, then the car gets totaled. You still owe $18,000 on the car. But the insurance company is only going to pay $15,000. So, you still have another $3,000 that you’re not covered for, which gap insurance would pay.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-77" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-78" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">The problem is that gap insurance has exceptionally low loss ratios, meaning the amount that the insurance companies pay relative to the premiums they get paid is extremely low because it’s largely not a great product for consumers.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-79" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-80" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Now, there are certainly people who find value in it, but it’s the rare consumer for whom the product is worth it. I mention that because oftentimes we see it show up and people hear about it in those sales pitches on the car lot. I always guide people to understand that it’s a product that works very well for insurance companies, not so much for the consumers who buy it.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-81" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-82" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Investopedia:</strong> You mentioned being on the lot and having gap insurance come up. Does this even come from your insurance company, or is it a type of insurance provided by someone else?</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-83" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-84" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Heller:</strong> Interestingly, the lender to Wells Fargo got in a lot of trouble a few years ago for pushing gap insurance.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-6" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;">5</span></span> That was part of their financing deal. I do think there are mainline insurers that offer a gap policy, but often it’s sold as a stand-alone product outside of your insurer.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-85" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-86" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Some lenders, I think, offer a form of gap insurance at no extra cost as part of the loan. Usually, however, gap insurance is a stand-alone product through a specialty insurer.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-87" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-deductibles" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-88" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Deductibles</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-89" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Investopedia: </strong>We haven’t talked about deductibles. Can you explain what they are and how they work?</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-90" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-91" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Heller: </strong>Sure. When we talk about deductibles, we’re generally talking about the comprehensive and collision part of your policy when it’s your fault. This includes damage such as an accident or damage from a shopping cart in a lot. Or even if your car is stolen.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-92" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-93" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">The deductible is the amount you pay before the insurance company pays. Think of it this way: If you have a five-hundred-dollar deductible and a thousand dollars in damage to your car, you will pay $500, and the insurance company will pay $500. The part you pay is the deductible. In this scenario, if the damage is $499, you pay the full amount, and the insurance company pays zero. You can get a lower deductible, but your premium will be higher. And, of course, you can increase your deductible and pay a lower premium.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-94" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-95" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Investopedia:</strong> How do people decide which deductible is best for them, assuming they have a choice?</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-96" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-97" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Heller: </strong>People should always test the value of the premium benefit they get. They should compare how much they’re going to save on the front end if they increase the deductible a couple of hundred dollars. Test it at several different deductibles. Generally speaking, the lower you can keep your deductible, the better if the premium doesn’t get too high.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-98" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-99" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Another thing to watch is the fact that your vehicle goes down in value over time. As the value of the car goes down, your comprehensive coverage becomes less valuable. Your premium will go down as well, but at a certain point, having coverage on a car that’s only worth a small amount of money may not make sense. Consumer Reports says you should consider dropping this kind of coverage when the annual premiums exceed 10% of your car’s value.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-1" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;">6</span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-100" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-keeping-maintenance-records" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-101" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Keeping Maintenance Records</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-102" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Investopedia: </strong>What if you disagree with the amount the insurance company wants to pay? What if you think your car was worth more than the insurance company says?</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-103" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-104" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Heller: </strong>As a rule, it is good to keep your maintenance receipts. In the same way you may take an annual video update of everything in your house, do the same with your car. Keep an accurate, up-to-date record of your car’s condition. What’s the mileage? What maintenance has been performed? The more you can demonstrate the state of the car before the accident, the stronger your argument will be to get full value for it.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-105" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-106" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Investopedia:</strong> Do manufacturers or dealers keep records of maintenance and upkeep, especially on newer cars with the ability to transmit data?</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-107" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-108" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Heller:</strong> Yes, absolutely. Most provide a website with a readout on all the maintenance, all the work, everything that’s been done, the total mileage it transmits to the central computer.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-109" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-110" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">There’s a way I like to think about it, just to sort of explain the theory of the case here. Think of a person with a 1992 Mazda Miata who has a true love affair with their vehicle. They maintain it in pristine condition. Another person also happens to have a 1992 Miata because they got it cheap. They go to the junkyard for parts and just basically keep it running.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-111" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-112" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Both cars are 1992 Miatas, but they’re not the same vehicle. And so, obviously, the person who really loves it and maintains it is probably going to get more for that because it’s worth more and they have the documentation. So, I like to think of it as you do your part and keep your car in really tip-top shape, it’s going to be worth more than if you let it fall apart slowly.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-113" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><div class="comp mntl-sc-block finance-sc-block-callout mntl-block" id="mntl-sc-block_1-0-114" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp theme-tip mntl-sc-block mntl-sc-block-callout mntl-block" data-tracking-container="true" data-tracking-id="mntl-sc-block-callout" id="mntl-sc-block_1-0-115" style="border: 1px solid rgb(225, 226, 230); box-sizing: border-box; margin: -0.75rem 0px 1rem; padding: 0.5rem;"><div class="comp mntl-sc-block-callout-body mntl-text-block" id="mntl-sc-block-callout-body_1-0-3" style="box-sizing: border-box; padding-left: 2rem; padding-right: 1.75rem;"> <p style="box-sizing: border-box; display: inline; margin-bottom: 1.75rem; margin-top: 0px; vertical-align: baseline;">“In the same way you may take an annual video update of everything in your house, do the same with your car.” -Doug Heller</p></div></div></div><span class="heading-toc" id="toc-reevaluate-both-coverage-and-insurance-provider" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-116" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Reevaluate Both Coverage and Insurance Provider</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-117" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Investopedia:</strong> You touched on the notion of reevaluating coverage. How often and when should you do this reevaluation?</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-118" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-119" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Heller:</strong> I think there are two types of reevaluation. One is the coverage on your car. The other is the insurer you use. The auto insurance market is a strange one. It competes through advertising rather than through price. So, we see Geico and Progressive and State Farm and all these companies duking it out with funny characters and athletes, telling us how great they are. Their prices are wildly different, depending on the market and depending on you and the ZIP code you live in. I’d say, every two or three years shop your insurance policy.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-120" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-121" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">When you shop for a company, you also need to reevaluate your coverage. It’s not just whether your car’s value has declined and you no longer need collision coverage. Your own personal financial situation may have changed, and you may want to expand or decrease your liability coverage. Simply put, if you lost your job, lost your assets, and have spent down your savings, you don’t have that much in assets to protect and reducing liability coverage to save money.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-122" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-123" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Similarly, if your assets have increased, you may want to expand your liability coverage. Ask yourself if the coverage you have is enough now that you have more wealth to protect.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-124" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-discounts-and-devices" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-125" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Discounts and Devices</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-126" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Investopedia:</strong> Let’s explore discounts and also insurance company-provided devices to monitor mileage and driving habits because the two go together. First, please talk about discounts.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-127" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-128" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Heller: </strong>Sure. So, there are a couple of different types of discounts. Some are sensible, such as giving people credit for demonstrated safe driving and not having accidents. Some companies will give you a discount for sticking with them for a long time. They call it a loyalty discount. Another is a multi-vehicle discount, which makes sense because most people aren’t going to insure one car with one company and a second car with another.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-129" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-130" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Then there’s a multiline discount that a lot of companies offer. This is an interesting one. As a consumer advocate, it bothers me a little because if you own a home and bundle that with your car insurance, you’re going to get a discount. This means that someone who doesn’t own a home pays more for car insurance and essentially pays for your discount. Still, it makes sense to ask about multi-vehicle and bundling. Especially if you are someone who is thinking about buying life insurance or other insurance.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-131" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-132" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">There’s also something that you hear from me and my colleagues in the consumer advocacy world a lot, which is insurance companies giving discounted rates to people based on things that have nothing to do with their driving. Insurance companies, for example, sometimes give discounts to people who are architects, engineers, doctors, or lawyers. And they can make people who are cashiers and janitors and healthcare workers pay more.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-133" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-134" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Getting a discount if you have a college degree is also a way of saying they’re going to have surcharges on people with a high school diploma. Another is the credit score. If you have a high credit score, most companies are going to charge you less than if you have a fair or poor credit score.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-135" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-136" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">There are others that are less known. Some companies give a discount if you are married. Those same companies charge more if your spouse dies—that is, a widow penalty. There’s a good-student discount, which can be helpful if you have young drivers in the family, since they are more expensive to insure. There’s also a “student away from home” discount. If your child is living 100 miles away at college and not accessing your car, you may be able to get a discount off your policy, since they’re not like a regular driver, as if they were living at home and driving the car.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-137" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-138" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Investopedia:</strong> OK. Now, what about insurer-provided devices that monitor your driving habits?</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-139" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-140" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Heller:</strong> This issue of telematic devices is a fluid situation for consumers. Telematics is premised on the idea that technology allows insurance companies to evaluate your driving and the riskiness of your driving. This includes things like how many miles you drive, these types of things. These are all well-documented reasons accidents can happen.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-141" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-142" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">The theory of the case is we can watch your driving and give you a better rate if you demonstrate your safety on the road. In other words, because we’re riding shotgun with you. Some people don’t like the idea that insurance companies are literally monitoring their every turn. They don’t like that the insurance company knows where they go, what time of day they drive.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-143" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-144" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">As a result, these types of devices have not saturated the market. A minority of customers use them. That’s because they are not totally proven yet. It’s also because insurance companies have been less than transparent about what they’re collecting and how it relates to the rates they charge.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-145" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-146" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">There’s also the issue of personal privacy and what companies do with the data they collect. Do they sell it so a local market knows we drive past there four times a week? People want to trust the data is only used to evaluate riskiness.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-147" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-148" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">This is sort of sitting at a kind of fork in the road. Will the insurance companies and the regulators in our states make sure that this is a product that not only incentivizes safe driving but also protects consumers from corporate abuses? Or is it going to be just another way in which companies dig into our lives and extract more data that they can monetize?</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-149" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-150" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">We’re hoping that regulators and lawmakers make sure that we end up with a good version of these potentially valuable products and the discounts that come along with them.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-151" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-consumer-protection" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-152" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Consumer Protection</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-153" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Investopedia: </strong>Finally, there’s the issue of consumer protection when it comes to auto insurance. What are your options if you’re upset because you think the insurance company got it wrong when you filed a claim?</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-154" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-155" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><strong style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif;">Heller: </strong>If you’re involved in a claim that’s not right, there are options. Obviously, you can go to the company and plead your case. Ultimately, of course, you can go to the civil courts.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-156" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-157" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">In between, state departments of insurance have consumer complaint mechanisms, offering varying degrees of relief. Some states, like California, have a whole customer complaint team, with people who really know what’s going on. Even that will only get you so far.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-158" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-159" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Regulators, in my view, could really step up their game. By that, I mean I don’t think consumers should have to wait until something goes wrong. Auto insurance is really the only product in America that government compels us to buy. Most people can’t get to work without a car. We don’t have the infrastructure to support a population that has access to good jobs and doesn’t need a car.</p></div><div><br /></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-31546903794649651962021-05-30T16:01:00.001+05:002022-07-31T18:19:34.874+05:00Insurance Quote<h1 aria-level="1" role="heading" style="background-color: white; box-sizing: border-box; color: #424242; font-family: Raleway, sans-serif; font-size: 2.5875rem; font-weight: 500; line-height: 1.4; margin-bottom: 0.5rem; margin-top: 0px;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgK9GeaTWEINR0gSr4Ydc7NSCW-MzVCwa9Gv09Ugam1ZKCDQoMeqNpT1g9JMR7I5mGZlkMOcWa10QqnTRDyqmCu9zEct6t8mQCp4dQ5BMHiz29T4z7JIn4CWVMBhYcC6QV0JFhkeVXXEwsaqY9gAYNjCGFy3PYeo-h8j64mz_fn5mGqXb0aXGaLi7dX/s930/mceu_35761682011639055750698_1639055751.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="620" data-original-width="930" height="330" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgK9GeaTWEINR0gSr4Ydc7NSCW-MzVCwa9Gv09Ugam1ZKCDQoMeqNpT1g9JMR7I5mGZlkMOcWa10QqnTRDyqmCu9zEct6t8mQCp4dQ5BMHiz29T4z7JIn4CWVMBhYcC6QV0JFhkeVXXEwsaqY9gAYNjCGFy3PYeo-h8j64mz_fn5mGqXb0aXGaLi7dX/w496-h330/mceu_35761682011639055750698_1639055751.jpg" width="496" /></a></div>Insurance Quote</h1><div><span itemprop="name headline" style="box-sizing: border-box;"><h2 aria-level="2" class="mb-3" id="what-does-insurance-quote-mean" role="heading" style="background-color: white; box-sizing: border-box; color: #424242; font-family: Raleway, sans-serif; font-size: 1.875rem; font-weight: 500; line-height: 1.4; margin-bottom: 1rem !important; margin-top: 0px;">What Does Insurance Quote Mean?</h2><p style="background-color: white; box-sizing: border-box; color: #424242; font-family: Verdana, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px;">An insurance quote is an estimated cost provided by the insurance company for an insurance policy. Insurance companies often provide a quote to prospective policyholders, so they have an idea of the cost of purchasing coverage from that particular insurer. Often, policyholders ask for quotes from various insurers as a way to compare prices and coverage options.</p><p style="background-color: white; box-sizing: border-box; color: #424242; font-family: Verdana, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px;">Insurance quotes take into account the level of risk a prospective insured represents as well as the amount of coverage desired. The estimate also depends on the pricing model of the specific insurer, the benefits offered and other factors that affect cost.</p><p style="background-color: white; box-sizing: border-box; color: #424242; font-family: Verdana, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px;">Asking for insurance quotes is a risk-free way to compare various insurers and the policies they offer without having to pay or make a commitment. To compare the quotes effectively, buyers must provide the same information for all quotes, even if the broker or agent does not ask for it. For example, one broker may ask for all of a person’s car accident history and the tickets on their license, but another broker may forget to ask about this and assume that person is ticket-free — this would result in very different prices and would not be equal comparisons.</p><p style="background-color: white; box-sizing: border-box; color: #424242; font-family: Verdana, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px;">Insurance quotes are not insurance contracts and cannot be used as proof of insurance. The actual coverages, conditions and prices are not final until reviewed by an insurance underwriter (or an electronic/online underwriting system). Once the quote is reviewed by an underwriter, they present an insurance contract to the buyer with a final offer of coverages, conditions and prices that the buyer can either accept or decline.</p><h2 aria-level="2" class="mb-3" id="insuranceopedia-explains-insurance-quote" role="heading" style="background-color: white; box-sizing: border-box; color: #424242; font-family: Raleway, sans-serif; font-size: 1.875rem; font-weight: 500; line-height: 1.4; margin-bottom: 1rem !important; margin-top: 0px;">Insuranceopedia Explains Insurance Quote</h2><p style="background-color: white; box-sizing: border-box; color: #424242; font-family: Verdana, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px;">If a customer is looking for multiple insurance quotes at the same time, they may consider contacting a broker. An insurance broker or independent insurance agent has access to multiple insurance companies and may be able to provide many quotes at once. With these policies, there may be brokerage fees involved. Captive Insurance agents, on the other hand, work for one specific insurance company and can provide a quote only for their company. Agents are beneficial because they are very familiar with their companies’ rules and conditions and can provide coverage answers quickly, whereas brokers may have to check back with the many companies they use.</p><p style="background-color: white; box-sizing: border-box; color: #424242; font-family: Verdana, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px;">Insurance companies hire actuaries who use probability statistics to calculate the likelihood that a claim will be made. If the likelihood is higher, the cost of insurance will be higher. For example, for home insurance, they factor in the geography of the area (near water, on a mountain, far from fire stations, etc.), the age of the house, the date plumbing was last updated, etc. Based on these factors, they determine the likelihood of a loss occurring. If, for instance, the electrical had not been updated in over 50 years, the chances of a house fire would be higher than if everything were up to the current code, so the price to insure the house would be higher.</p><p style="background-color: white; box-sizing: border-box; color: #424242; font-family: Verdana, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px;">Before access to computers and online tools, brokers and agents would have to flip through insurance company pricing guidebooks and manually price out the total cost of each coverage based on the client’s information, which could take hours or days depending on how the prospective client’s information fit with the manual guidelines. If the information was not in the insurance company manual, the broker or agent would have to call the underwriters to see if the company would make an exception in their system.</p><p style="background-color: white; box-sizing: border-box; color: #424242; font-family: Verdana, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px;">Now, insurance agents and brokers take information about the client’s needs and input it into an online quoting system. This system takes the calculations by the actuaries and applies the client’s information to provide an insurance quote. With today’s technology, this may only take a few minutes.</p></span></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-33711747169465858462021-05-29T13:01:00.003+05:002022-07-31T18:09:51.563+05:00Top 10 International Health Insurance Companies<header class="entry-header" style="box-sizing: inherit; color: #1d2b30; font-family: "open sans", sans-serif; font-size: 16px;"><h1 class="entry-title" style="border-bottom: 1px solid rgb(213, 211, 216); box-sizing: inherit; color: #51994a; font-size: 3rem; line-height: 1.8; margin: 0px 0px 0.5em;">Top 10 International Health Insurance Companies</h1><div><br /></div><div><div class="fl-col-group fl-node-v2oi8sbf9wzr" data-node="v2oi8sbf9wzr" style="background-color: #fafafa; box-sizing: border-box;"><div class="fl-col fl-node-1e4kh83672tm" data-node="1e4kh83672tm" style="box-sizing: border-box; float: left; min-height: 1px; width: 800px;"><div class="fl-col-content fl-node-content" style="box-sizing: border-box; margin: 0px; padding: 0px;"><div class="fl-module fl-module-heading fl-node-59rl6ngyq1bz" data-node="59rl6ngyq1bz" style="box-sizing: border-box;"><div class="fl-module-content fl-node-content" style="box-sizing: border-box; margin: 0px 0px 10px;"><h2 class="fl-heading" style="box-sizing: border-box; font-size: 2.5rem; line-height: 1.44; margin: 0px !important; padding: 0px !important;"><span class="fl-heading-text" style="box-sizing: border-box;">2022’s Top Global Health </span></h2><h2 class="fl-heading" style="box-sizing: border-box; font-size: 2.5rem; line-height: 1.44; margin: 0px !important; padding: 0px !important;"><span class="fl-heading-text" style="box-sizing: border-box;">Insurance Providers</span></h2></div></div></div></div></div><div class="fl-col-group fl-node-u1bn0tha3xqw" data-node="u1bn0tha3xqw" style="background-color: #fafafa; box-sizing: border-box;"><div class="fl-col fl-node-4pq0ctrv3jwh" data-node="4pq0ctrv3jwh" style="box-sizing: border-box; float: left; min-height: 1px; width: 800px;"><div class="fl-col-content fl-node-content" style="box-sizing: border-box; margin: 0px; padding: 0px;"><div class="fl-module fl-module-rich-text fl-node-4vujoz72a9wt" data-node="4vujoz72a9wt" style="box-sizing: border-box;"><div class="fl-module-content fl-node-content" style="box-sizing: border-box; margin: 0px;"><div class="fl-rich-text" style="box-sizing: border-box;"></div></div></div></div></div></div></div></header><div class="entry-content" style="box-sizing: inherit; color: #1d2b30; font-family: "open sans", sans-serif;"><div class="fl-builder-content fl-builder-content-164729 fl-builder-content-primary fl-builder-global-templates-locked" data-post-id="164729" style="box-sizing: inherit;"><div class="fl-row fl-row-fixed-width fl-row-bg-none fl-node-nc7qh3xkm5bf" data-node="nc7qh3xkm5bf" style="box-sizing: border-box; margin-left: auto; margin-right: auto; max-width: 1100px;"><div class="fl-row-content-wrap" style="box-sizing: border-box; margin: 0px; padding: 0px; position: relative;"><div class="fl-row-content fl-row-fixed-width fl-node-content" style="box-sizing: border-box; margin-left: auto; margin-right: auto; max-width: 1100px;"><div class="fl-col-group fl-node-v2oi8sbf9wzr" data-node="v2oi8sbf9wzr" style="box-sizing: border-box;"><div class="fl-col fl-node-1e4kh83672tm" data-node="1e4kh83672tm" style="box-sizing: border-box; float: left; font-size: 16px; min-height: 1px; width: 800px;"><div class="fl-col-content fl-node-content" style="box-sizing: border-box; margin: 0px; padding: 0px;"><div class="fl-module fl-module-heading fl-node-59rl6ngyq1bz" data-node="59rl6ngyq1bz" style="box-sizing: border-box;"><div class="fl-module-content fl-node-content" style="box-sizing: border-box; margin: 0px 0px 10px;"></div></div></div></div><div class="fl-col fl-node-1e4kh83672tm" data-node="1e4kh83672tm" style="box-sizing: border-box; float: left; min-height: 1px; width: 800px;"><div class="fl-col-group fl-node-u1bn0tha3xqw" data-node="u1bn0tha3xqw" style="background-color: #fafafa; box-sizing: border-box; font-size: 16px;"><div class="fl-col fl-node-4pq0ctrv3jwh" data-node="4pq0ctrv3jwh" style="box-sizing: border-box; float: left; min-height: 1px; width: 800px;"><div class="fl-col-content fl-node-content" style="box-sizing: border-box; margin: 0px; padding: 0px;"><div class="fl-module fl-module-rich-text fl-node-4vujoz72a9wt" data-node="4vujoz72a9wt" style="box-sizing: border-box;"><div class="fl-module-content fl-node-content" style="box-sizing: border-box; margin: 0px;"><div class="fl-rich-text" style="box-sizing: border-box;"><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;"><span style="box-sizing: border-box;">When you are moving abroad, you want the <span style="box-sizing: border-box; font-weight: 700;">best </span><span style="box-sizing: border-box; font-weight: 700;">international health insurance</span></span></p><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;"> for your needs. There are many excellent global medical options to choose from,</p><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;"> and most of them are very affordable, especially compared to options in the U.S. </p><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;">But it can be overwhelming to try to pick one. How do you find the best expat insurance</p><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;"> for you?</p><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;">This guide ranks the top global insurers based on a number of key factors. It also</p><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;"> identifies which plans are best for certain specific needs, so you can find the one that </p><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;">will give you the right healthcare at the right price. For even more detailed information</p><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;"> use our free tool to compare global medical insurance plans.</p><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;">While this guide will help you narrow down your options, it’s essential to review each</p><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;">policy's terms carefully to determine which insurer and plan are best suited to your needs. </p><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;">Discuss your options with one of our brokers, who can help guide you through the</p><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;"> process by requesting a <a href="https://www.internationalinsurance.com/quote/" style="background: 0px 0px; box-sizing: border-box; color: #51994a; text-decoration-line: none;">free quote</a>.</p></div></div></div></div></div></div><div class="fl-col-group fl-node-es35wv6qzx7b" data-node="es35wv6qzx7b" style="background-color: #fafafa; box-sizing: border-box; font-size: 16px;"><div class="fl-col fl-node-dvkjaugfb7c1" data-node="dvkjaugfb7c1" style="box-sizing: border-box; float: left; min-height: 1px; width: 800px;"><div class="fl-col-content fl-node-content" style="box-sizing: border-box; margin: 0px; padding: 0px;"><div class="fl-module fl-module-heading fl-node-jm6z2sbxa5d1" data-node="jm6z2sbxa5d1" style="box-sizing: border-box;"><div class="fl-module-content fl-node-content" style="box-sizing: border-box; margin: 0px;"><h3 class="fl-heading" style="box-sizing: border-box; font-size: 2.1rem; line-height: 1.423; margin: 0px !important; padding: 0px !important;"><span class="fl-heading-text" style="box-sizing: border-box;">Top Ten International Health Insurance Companies</span></h3></div></div></div></div></div><div class="fl-col-group fl-node-2nhua078rpct" data-node="2nhua078rpct" style="background-color: #fafafa; box-sizing: border-box; font-size: 16px;"><div class="fl-col fl-node-ueok2ql80ca6" data-node="ueok2ql80ca6" style="box-sizing: border-box; float: left; min-height: 1px; width: 800px;"><div class="fl-col-content fl-node-content" style="box-sizing: border-box; margin: 0px; padding: 0px;"><div class="fl-module fl-module-rich-text fl-node-0l9mysuxoh4e" data-node="0l9mysuxoh4e" style="box-sizing: border-box;"><div class="fl-module-content fl-node-content" style="box-sizing: border-box; margin: 0px;"><div class="fl-rich-text" style="box-sizing: border-box;"><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;">Below is a comprehensive list of the top ten international insurance companies</p><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;"> that offer the best global health insurance. They have been ranked using the following</p><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;"> criteria:</p><ul style="box-sizing: border-box; margin: 0px 0px 28px 40px; padding: 0px;"><li style="box-sizing: border-box; list-style-type: disc;">Network size</li><li style="box-sizing: border-box; list-style-type: disc;">The breadth of benefits available</li><li style="box-sizing: border-box; list-style-type: disc;">Added features such as telemedicine</li><li style="box-sizing: border-box; list-style-type: disc;">Ease of filing a claim</li><li style="box-sizing: border-box; list-style-type: disc;">The ability to adjust your premium through copays and deductibles</li><li style="box-sizing: border-box; list-style-type: disc;">A.M. Best rating, which indicates the financial stability of each insurer</li></ul></div></div></div></div></div></div><div class="fl-col-group fl-node-iapw2lou6skm" data-node="iapw2lou6skm" style="background-color: #fafafa; box-sizing: border-box;"><div class="fl-col fl-node-eky9fni075pg" data-node="eky9fni075pg" style="box-sizing: border-box; float: left; min-height: 1px; width: 800px;"><div class="fl-col-content fl-node-content" style="box-sizing: border-box; margin: 0px; padding: 0px;"><div class="fl-module fl-module-uabb-table fl-node-gc2stnf9oj1z fl-visible-desktop-medium" data-node="gc2stnf9oj1z" style="box-sizing: border-box;"><div class="fl-module-content fl-node-content" style="box-sizing: border-box; margin: 0px;"><span style="justify-content: space-between;"><div class="table-data" style="-webkit-box-pack: justify; box-sizing: border-box; display: flex; justify-content: space-between; margin-bottom: 15px;"></div></span><div class="uabb-table-module-content uabb-table" style="box-sizing: border-box; display: flex; margin-left: auto; margin-right: auto; overflow-x: auto; zoom: 1;"><div class="uabb-table-element-box" style="-webkit-box-flex: 1; box-sizing: border-box; flex-grow: 1;"><div class="uabb-table-wrapper" style="box-sizing: border-box; height: 555px; position: relative; text-align: center;"><table class="uabb-table-inner-wrap" style="border-collapse: collapse; border-spacing: 0px; border: none; break-inside: avoid; font-size: 12.8px; line-height: 2; margin: 0px; width: 800px;"><thead class="uabb-table-header" style="box-sizing: border-box;"><tr class="table-header-tr" style="box-sizing: border-box;"><th class=" table-heading-0 table-header-th" colspan="" rowspan="" style="background: rgb(81, 153, 74); box-sizing: border-box; color: white; overflow-wrap: normal; padding: 2px; text-align: center; vertical-align: middle;"><span class="head-inner-text" style="box-sizing: border-box;"><span style="font-size: x-small;">Rank</span></span></th><th class=" table-heading-1 table-header-th" colspan="" rowspan="" style="background: rgb(81, 153, 74); box-sizing: border-box; color: white; overflow-wrap: normal; padding: 2px; text-align: center; vertical-align: middle; width: 225px;"><span class="head-inner-text" style="box-sizing: border-box;"><span style="font-size: x-small;">Insurance Carrier</span></span></th><th class=" table-heading-2 table-header-th" colspan="" rowspan="" style="background: rgb(81, 153, 74); box-sizing: border-box; color: white; overflow-wrap: normal; padding: 2px; text-align: center; vertical-align: middle; width: 350px;"><span class="head-inner-text" style="box-sizing: border-box;"><span style="font-size: x-small;">Best For</span></span></th><th class=" table-heading-3 table-header-th" colspan="" rowspan="" style="background: rgb(81, 153, 74); box-sizing: border-box; color: white; overflow-wrap: normal; padding: 2px; text-align: center; vertical-align: middle; width: 125px;"><span class="head-inner-text" style="box-sizing: border-box;"><span style="font-size: x-small;"><span style="box-sizing: border-box;"></span></span></span></th></tr></thead><tbody class="uabb-table-features" style="border-bottom: 1px solid rgb(221, 221, 221); box-sizing: border-box;"><tr class="tbody-row" style="background: rgb(242, 242, 242); box-sizing: border-box;"><td class="table-body-td table-body-0" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">#1</span></span></td><td class="table-body-td table-body-1" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><a class="td-style" href="https://www.internationalinsurance.com/cigna/" style="background: 0px 0px; box-sizing: border-box; color: #51994a; text-decoration-line: none;" target="_self"><span style="font-size: x-small;">Cigna Global</span></a></td><td class="table-body-td table-body-2" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">Expats who want an extensive network and <br />highly customizable benefits</span></span></td><td class="table-body-td table-body-3" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><br /></td></tr><tr class="tbody-row" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; box-sizing: border-box;"><td class="table-body-td table-body-4" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">#2</span></span></td><td class="table-body-td table-body-5" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><a class="td-style" href="https://www.internationalinsurance.com/geoblue/" style="background: 0px 0px; box-sizing: border-box; color: #51994a; text-decoration-line: none;" target="_self"><span style="font-size: x-small;">GeoBlue</span></a></td><td class="table-body-td table-body-6" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">U.S. citizens moving abroad and people moving <br />to the USA</span></span></td><td class="table-body-td table-body-7" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><br /></td></tr><tr class="tbody-row" style="background: rgb(242, 242, 242); box-sizing: border-box;"><td class="table-body-td table-body-8" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">#3</span></span></td><td class="table-body-td table-body-9" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><a class="td-style" href="https://www.internationalinsurance.com/william-russell/william-russell-health-insurance/" style="background: 0px 0px; box-sizing: border-box; color: #51994a; text-decoration-line: none;" target="_self"><span style="font-size: x-small;">William Russell</span></a></td><td class="table-body-td table-body-10" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">People who want a personal touch and do not <br />need extensive USA coverage</span></span></td><td class="table-body-td table-body-11" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><br /></td></tr><tr class="tbody-row" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; box-sizing: border-box;"><td class="table-body-td table-body-12" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">#4</span></span></td><td class="table-body-td table-body-13" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><a class="td-style" href="https://www.internationalinsurance.com/img/" style="background: 0px 0px; box-sizing: border-box; color: #51994a; text-decoration-line: none;" target="_self"><span style="font-size: x-small;">International Medical Group</span></a></td><td class="table-body-td table-body-14" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">Customers who need a wide array of options at a <br />budget-friendly price</span></span></td><td class="table-body-td table-body-15" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><br /></td></tr><tr class="tbody-row" style="background: rgb(242, 242, 242); box-sizing: border-box;"><td class="table-body-td table-body-16" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">#5</span></span></td><td class="table-body-td table-body-17" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><a class="td-style" href="https://www.internationalinsurance.com/now-health/" style="background: 0px 0px; box-sizing: border-box; color: #51994a; text-decoration-line: none;" target="_self"><span style="font-size: x-small;">Now Health International</span></a></td><td class="table-body-td table-body-18" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">People who want an economical plan with simple<br /> options and little or no USA coverage</span></span></td><td class="table-body-td table-body-19" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><br /></td></tr><tr class="tbody-row" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; box-sizing: border-box;"><td class="table-body-td table-body-20" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">#6</span></span></td><td class="table-body-td table-body-21" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><a class="td-style" href="https://www.internationalinsurance.com/integra-global/" style="background: 0px 0px; box-sizing: border-box; color: #51994a; text-decoration-line: none;" target="_self"><span style="font-size: x-small;">Integra Global</span></a></td><td class="table-body-td table-body-22" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">Expats seeking a bespoke plan tailored to their<br /> needs</span></span></td><td class="table-body-td table-body-23" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><br /></td></tr><tr class="tbody-row" style="background: rgb(242, 242, 242); box-sizing: border-box;"><td class="table-body-td table-body-24" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">#7</span></span></td><td class="table-body-td table-body-25" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><a class="td-style" href="https://www.internationalinsurance.com/allianz/" style="background: 0px 0px; box-sizing: border-box; color: #51994a; text-decoration-line: none;" target="_self"><span style="font-size: x-small;">Allianz International Medical Insurance</span></a></td><td class="table-body-td table-body-26" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">People who want the backing of one of the<br /> largest companies in the world</span></span></td><td class="table-body-td table-body-27" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;"><span class="content-text" style="background: unset; box-sizing: border-box;"></span></span></span></td></tr><tr class="tbody-row" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; box-sizing: border-box;"><td class="table-body-td table-body-28" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">#8</span></span></td><td class="table-body-td table-body-29" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><a class="td-style" href="https://www.axaglobalhealthcare.com/en/" rel="noopener nofollow" style="background: 0px 0px; box-sizing: border-box; color: #51994a; text-decoration-line: none;" target="_blank"><span style="font-size: x-small;">AXA Global Healthcare</span></a></td><td class="table-body-td table-body-30" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">People who want a large global company with staff <br />around the world</span></span></td><td class="table-body-td table-body-31" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;"><span class="content-text" style="background: unset; box-sizing: border-box;"></span></span></span></td></tr><tr class="tbody-row" style="background: rgb(242, 242, 242); box-sizing: border-box;"><td class="table-body-td table-body-32" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">#9</span></span></td><td class="table-body-td table-body-33" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><a class="td-style" href="https://www.aia.com/en" rel="noopener nofollow" style="background: 0px 0px; box-sizing: border-box; color: #51994a; text-decoration-line: none;" target="_blank"><span style="font-size: x-small;">AIA Group</span></a></td><td class="table-body-td table-body-34" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">Expats moving to countries in Asia such as China<br /> and Singapore</span></span></td><td class="table-body-td table-body-35" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;"><span class="content-text" style="background: unset; box-sizing: border-box;"></span></span></span></td></tr><tr class="tbody-row" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; box-sizing: border-box;"><td class="table-body-td table-body-36" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">#10</span></span></td><td class="table-body-td table-body-37" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><a class="td-style" href="https://www.internationalinsurance.com/bupa/" style="background: 0px 0px; box-sizing: border-box; color: #51994a; text-decoration-line: none;" target="_self"><span style="font-size: x-small;">Bupa Global</span></a></td><td class="table-body-td table-body-38" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;">Citizens of select countries that want the<br /> reassurance of the Bupa brand</span></span></td><td class="table-body-td table-body-39" colspan="" rowspan="" style="background: unset; border: 0px solid rgb(0, 0, 0); box-sizing: border-box; line-height: 1.5; padding: 5px; text-align: center; vertical-align: middle;"><span class="td-style" style="box-sizing: border-box;"><span style="font-size: x-small;"><span class="content-text" style="background: unset; box-sizing: border-box;"></span></span></span></td></tr></tbody></table></div></div></div></div></div></div></div></div><div class="fl-col-group fl-node-58xk2cg1l0vy" data-node="58xk2cg1l0vy" style="background-color: #fafafa; box-sizing: border-box; font-size: 16px;"><div class="fl-col fl-node-xbto625m31uh" data-node="xbto625m31uh" style="box-sizing: border-box; float: left; min-height: 1px; width: 800px;"><div class="fl-col-content fl-node-content" style="box-sizing: border-box; margin: 0px; padding: 0px;"></div></div></div><div class="fl-col-group fl-node-39l7mw6nskpy" data-node="39l7mw6nskpy" style="background-color: #fafafa; box-sizing: border-box; font-size: 16px;"><div class="fl-col fl-node-hz3cd5v0rsin" data-node="hz3cd5v0rsin" style="box-sizing: border-box; float: left; min-height: 1px; width: 800px;"><div class="fl-col-content fl-node-content" style="box-sizing: border-box; margin: 20px 0px 0px; padding: 0px;"><div class="fl-module fl-module-heading fl-node-zjevpkbs1f7m" data-node="zjevpkbs1f7m" style="box-sizing: border-box;"><div class="fl-module-content fl-node-content" style="box-sizing: border-box; margin: 0px;"><h2 class="fl-heading" style="box-sizing: border-box; font-size: 2.5rem; line-height: 1.44; margin: 0px !important; padding: 0px !important;"><span class="fl-heading-text" style="box-sizing: border-box;">What Is the Best Global Health Insurance?</span></h2></div></div></div></div></div><div class="fl-col-group fl-node-d8o7ts1wiqaf" data-node="d8o7ts1wiqaf" style="background-color: #fafafa; box-sizing: border-box; font-size: 16px;"><div class="fl-col fl-node-5yme41obukti" data-node="5yme41obukti" style="box-sizing: border-box; float: left; min-height: 1px; width: 800px;"><div class="fl-col-content fl-node-content" style="box-sizing: border-box; margin: 0px; padding: 0px;"><div class="fl-module fl-module-rich-text fl-node-7pilqcm6bygw" data-node="7pilqcm6bygw" style="box-sizing: border-box;"><div class="fl-module-content fl-node-content" style="box-sizing: border-box; margin: 0px;"><div class="fl-rich-text" style="box-sizing: border-box;"><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;">Cigna Global ranks as the best global health insurance on our list. But the best global</p><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;"> health insurance for you depends on your specific needs. Cigna Global, GeoBlue, William</p><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;"> Russell and International Medical Group are all excellent choices for expatriates</p><p style="box-sizing: border-box; margin: 0px 0px 15px; padding: 0px;"> moving abroad to work and live. Each one is best for a specific type of global citizen.</p></div></div></div></div></div></div></div></div></div></div></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-19192696507830492532021-04-15T09:42:00.003+05:002022-07-31T17:59:58.219+05:00International Insurance<h1 aria-level="1" role="heading" style="background-color: white; box-sizing: border-box; color: #424242; font-family: Raleway, sans-serif; font-size: 2.5875rem; font-weight: 500; line-height: 1.4; margin-bottom: 0.5rem; margin-top: 0px;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCfX9b3qNA-0gw-xjP88cE9hTy2Ln-CQ1WaSEWdPpEAIr3yZF5YLbDYy7J8vHUSWLRWJORh-SJhMv_HiCGp_7T_krUO8JFqfSSq8bGUL43APTdM2oAMzz51mbikiz6PpDjKc07CdfNNdrpmq0kySIkVkM4ZVu1yIrXJmWXpYs3zijz1NwipG6wFo9s/s800/shutterstock_1184220307.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="600" data-original-width="800" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCfX9b3qNA-0gw-xjP88cE9hTy2Ln-CQ1WaSEWdPpEAIr3yZF5YLbDYy7J8vHUSWLRWJORh-SJhMv_HiCGp_7T_krUO8JFqfSSq8bGUL43APTdM2oAMzz51mbikiz6PpDjKc07CdfNNdrpmq0kySIkVkM4ZVu1yIrXJmWXpYs3zijz1NwipG6wFo9s/w533-h400/shutterstock_1184220307.jpg" width="533" /></a></div></h1><h1 aria-level="1" role="heading" style="background-color: white; box-sizing: border-box; color: #424242; font-family: Raleway, sans-serif; font-size: 2.5875rem; font-weight: 500; line-height: 1.4; margin-bottom: 0.5rem; margin-top: 0px;"><br /></h1>International Insurance<div><span itemprop="name headline" style="box-sizing: border-box;"><br /></span></div><div><span itemprop="name headline" style="box-sizing: border-box;"><h2 aria-level="2" class="mb-3" id="what-does-international-insurance-mean" role="heading" style="background-color: white; box-sizing: border-box; color: #424242; font-family: Raleway, sans-serif; font-size: 1.875rem; font-weight: 500; line-height: 1.4; margin-bottom: 1rem !important; margin-top: 0px;">What Does International Insurance Mean?</h2><p style="background-color: white; box-sizing: border-box; color: #424242; font-family: Verdana, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px;">International insurance provides coverage for people who are traveling internationally. It can be especially important for people who are traveling for a significant period of time.</p><p style="background-color: white; box-sizing: border-box; color: #424242; font-family: Verdana, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px;"><br /></p><h2 aria-level="2" class="mb-3" id="insuranceopedia-explains-international-insurance" role="heading" style="background-color: white; box-sizing: border-box; color: #424242; font-family: Raleway, sans-serif; font-size: 1.875rem; font-weight: 500; line-height: 1.4; margin-bottom: 1rem !important; margin-top: 0px;">Insuranceopedia Explains International Insurance</h2><p style="background-color: white; box-sizing: border-box; color: #424242; font-family: Verdana, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px;">Many insurance plans only provide coverage for losses that happen domestically. This means that people who travel internationally could be exposed to a number of uncovered liabilities unless they have the protection of international insurance.</p><p style="background-color: white; box-sizing: border-box; color: #424242; font-family: Verdana, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px;">International insurance can provide reimbursement for many different types of losses that can be incurred during the policyholder's travels abroad, including health care and other medical expenses, travel costs, and lost or damaged property.</p></span></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-61349010986063943842021-04-12T09:11:00.007+05:002022-07-31T17:44:16.586+05:00Do You Need an All-Risk Insurance Policy?<h1 class="comp article-heading mntl-block" id="article-heading_2-0" style="box-sizing: border-box; color: #222222; font-family: Publico, Georgia, serif !important; font-size: 2.75rem; font-weight: 400; line-height: 1.1; margin: 0px 0px 0.5rem; overflow-wrap: break-word; padding: 0px; text-align: left;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNJRyLdl3PSDe-dOpYHinoQFRHpZdqGbyw1yNx-JfS7tXPInhKlK8dAsdIgN3V7-ZxCJLTd4YlckUUxRjuUuRDnQoy28oHGX1vI0B7kHIa6kJZrEGfOIhg9FcIIEVzDIUCHDpRoMPA-GYqD-LBU1o1K1HjQOvDxl1gFfcWuVZl0XCA6U9TX041_skl/s1280/all-risk-featured.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="720" data-original-width="1280" height="330" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNJRyLdl3PSDe-dOpYHinoQFRHpZdqGbyw1yNx-JfS7tXPInhKlK8dAsdIgN3V7-ZxCJLTd4YlckUUxRjuUuRDnQoy28oHGX1vI0B7kHIa6kJZrEGfOIhg9FcIIEVzDIUCHDpRoMPA-GYqD-LBU1o1K1HjQOvDxl1gFfcWuVZl0XCA6U9TX041_skl/w587-h330/all-risk-featured.jpg" width="587" /></a></div>Do You Need an All-Risk Insurance Policy?</h1><div><span class="comp article-heading__highlight article-heading__container mntl-text-block" style="background-image: linear-gradient(0deg, rgb(221, 249, 245) 50%, transparent 50%); box-sizing: border-box; display: inline; padding-left: 0px; padding-right: 0.3125rem;"><br /></span></div><div><span class="comp article-heading__highlight article-heading__container mntl-text-block" style="background-image: linear-gradient(0deg, rgb(221, 249, 245) 50%, transparent 50%); box-sizing: border-box; display: inline; padding-left: 0px; padding-right: 0.3125rem;"><p class="comp text-passage mntl-sc-block mntl-sc-block-html" id="mntl-sc-block_1-0-1" style="background-color: white; box-sizing: border-box; color: #222222; counter-reset: section 0; font-family: Rubik, Arial, sans-serif; font-size: 17px; margin: 0.5rem 0px 0.875rem; padding: 0px;">An all-risk insurance contract or "open perils policy" covers and protects you from all risks or perils that could damage your home or contents and personal property. Any exception must be spelled out in the policy. It differs from a standard H0-3 homeowners policy because the H0-3 policy covers only named perils on contents. An all-risk insurance policy that covers all risks on both home and personal property is also known as "open perils" or "comprehensive form" insurance. HO-5 is an example of an open-perils, all-risk comprehensive insurance policy.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-2" style="background-color: white; box-sizing: border-box; color: #222222; font-family: Rubik, Arial, sans-serif; font-size: 17px; margin: 0px; padding: 0px;"></div><p class="comp text-passage mntl-sc-block mntl-sc-block-html" id="mntl-sc-block_1-0-4" style="background-color: white; box-sizing: border-box; color: #222222; counter-reset: section 0; font-family: Rubik, Arial, sans-serif; font-size: 17px; margin: 0.5rem 0px 0.875rem; padding: 0px;">A named perils policy covers only the risks listed on the policy. A combination policy, meanwhile, provides all-risk coverage on your home but covers only the named perils on your belongings.</p><h2 class="comp mntl-sc-block money-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-8" style="background-color: white; box-sizing: border-box; color: #222222; font-family: Publico, Georgia, serif; font-size: 1.5rem; font-weight: 400; line-height: 1.2; margin: 2rem 0px 0px; overflow-wrap: break-word; padding: 0px;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Here's When an All-Risk Policy Makes a Difference</span></h2><p class="comp text-passage mntl-sc-block mntl-sc-block-html" id="mntl-sc-block_1-0-10" style="background-color: white; box-sizing: border-box; color: #222222; counter-reset: section 0; font-family: Rubik, Arial, sans-serif; font-size: 17px; margin: 0.5rem 0px 0.875rem; padding: 0px;">Say a friend comes over to help you install a TV in your den. They drop the TV, damaging both the TV and the floor. An all-risk policy would cover the damage to both, because it was sudden and accidental, and not excluded. On the other hand, a named perils policy that covers only fire, smoke damage, lightning, and frozen pipes would not cover the damages to either the floor or the TV.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-11" style="background-color: white; box-sizing: border-box; color: #222222; font-family: Rubik, Arial, sans-serif; font-size: 17px; margin: 0px; padding: 0px;"></div><p class="comp text-passage mntl-sc-block mntl-sc-block-html" id="mntl-sc-block_1-0-13" style="background-color: white; box-sizing: border-box; color: #222222; counter-reset: section 0; font-family: Rubik, Arial, sans-serif; font-size: 17px; margin: 0.5rem 0px 0.875rem; padding: 0px;">All-risk policies cost more than H0-3 broad form or named peril policies. Prices can vary greatly depending on your personal information, what is being insured, where you live, and many more factors. Shop around with insurance providers for specific quotes.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-14" style="background-color: white; box-sizing: border-box; color: #222222; font-family: Rubik, Arial, sans-serif; font-size: 17px; margin: 0px; padding: 0px;"><div class="comp mntl-native" data-right-rail-index="3" id="mntl-native_1-0" style="--native-ad-height: auto; box-sizing: border-box; height: var(--native-ad-height); margin: 0px; padding: 0px; width: 600px;"><div class="comp scads-to-load mntl-native__adunit mntl-gpt-dynamic-adunit mntl-gpt-adunit gpt native dynamic js-immediate-ad" id="mntl-native__adunit_1-0" style="box-sizing: border-box; margin: 0px; max-width: none; padding: 0px; text-align: center;"></div></div></div><div class="comp mntl-sc-block money-sc-block-callout mntl-block" id="mntl-sc-block_1-0-15" style="background-color: white; box-sizing: border-box; color: #222222; font-family: Rubik, Arial, sans-serif; font-size: 17px; margin: 0px; padding: 0px;"><div class="comp theme-experttiptip mntl-sc-block mntl-sc-block-callout mntl-block" data-tracking-container="true" data-tracking-id="mntl-sc-block-callout" id="mntl-sc-block_1-0-16" style="box-sizing: border-box; clear: right; margin: 0px 0.75rem 1rem 1.5rem; padding: 0px; position: relative;"><div class="comp mntl-sc-block-callout-body mntl-text-block" id="mntl-sc-block-callout-body_1-0-1" style="box-sizing: border-box; margin: 0px; padding: 1rem 1rem 1rem 1.75rem; position: relative;"><p style="box-sizing: border-box; margin: 0px; padding: 0px;">Having coverage for all risks means that if you need to make a claim due to sudden or accidental damage, you would be covered unless the insurance company proves the damage resulted from something that is excluded or limited.</p></div></div></div><h2 class="comp mntl-sc-block money-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-17" style="background-color: white; box-sizing: border-box; color: #222222; font-family: Publico, Georgia, serif; font-size: 1.5rem; font-weight: 400; line-height: 1.2; margin: 2rem 0px 0px; overflow-wrap: break-word; padding: 0px;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">All-Risk Home Insurance: What Coverage Do You Need?</span></h2><p class="comp text-passage mntl-sc-block mntl-sc-block-html" id="mntl-sc-block_1-0-19" style="background-color: white; box-sizing: border-box; color: #222222; counter-reset: section 0; font-family: Rubik, Arial, sans-serif; font-size: 17px; margin: 0.5rem 0px 0.875rem; padding: 0px;">Both the HO-5 and the HO-3 policies cover all-risk or open perils coverage on your building.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-20" style="background-color: white; box-sizing: border-box; color: #222222; font-family: Rubik, Arial, sans-serif; font-size: 17px; margin: 0px; padding: 0px;"></div><p class="comp text-passage mntl-sc-block mntl-sc-block-html" id="mntl-sc-block_1-0-22" style="background-color: white; box-sizing: border-box; color: #222222; counter-reset: section 0; font-family: Rubik, Arial, sans-serif; font-size: 17px; margin: 0.5rem 0px 0.875rem; padding: 0px;">However, the HO-3 only covers named perils on contents. This means coverage on your personal property will be limited if you take a form that does not cover all risk on personal property. Before choosing your home insurance, look at what shape you would be in if something were to happen to your home and belongings and you were to find out you were not insured for all risks. If the price is a concern, consider increasing your deductible to save money on your premium.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-23" style="background-color: white; box-sizing: border-box; color: #222222; font-family: Rubik, Arial, sans-serif; font-size: 17px; margin: 0px; padding: 0px;"></div><h2 class="comp mntl-sc-block money-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-24" style="background-color: white; box-sizing: border-box; color: #222222; font-family: Publico, Georgia, serif; font-size: 1.5rem; font-weight: 400; line-height: 1.2; margin: 2rem 0px 0px; overflow-wrap: break-word; padding: 0px;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">What's Left out of All-Risk Coverage?</span></h2><p class="comp text-passage mntl-sc-block mntl-sc-block-html" id="mntl-sc-block_1-0-26" style="background-color: white; box-sizing: border-box; color: #222222; counter-reset: section 0; font-family: Rubik, Arial, sans-serif; font-size: 17px; margin: 0.5rem 0px 0.875rem; padding: 0px;">An insurance company may choose to include more coverage in its all-risk policy by limiting exclusions as a value-added perk. High-value home insurers, for instance, often do this. In general, though, some common items and risks are excluded from coverage:<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-5" style="box-sizing: border-box; color: #0000ee; cursor: pointer; font-size: 12.75px; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 15px; position: relative; vertical-align: super;"><span style="box-sizing: border-box; pointer-events: none;">5</span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-27" style="background-color: white; box-sizing: border-box; color: #222222; font-family: Rubik, Arial, sans-serif; font-size: 17px; margin: 0px; padding: 0px;"></div><ul class="comp text-passage mntl-sc-block mntl-sc-block-html" id="mntl-sc-block_1-0-29" style="background-color: white; box-sizing: border-box; color: #222222; counter-reset: section 0; font-family: Rubik, Arial, sans-serif; font-size: 17px; list-style: none; margin: 1.25rem 0px; padding: 0px 1.5em; z-index: 1;"><li style="box-sizing: border-box; list-style-type: none; margin: 0px 0px 0.625rem; padding: 0px;">Damage caused by rodents or pests</li><li style="box-sizing: border-box; list-style-type: none; margin: 0px 0px 0.625rem; padding: 0px;">Some types of water damage, including sewer backups</li><li style="box-sizing: border-box; list-style-type: none; margin: 0px 0px 0.625rem; padding: 0px;">Earth movement</li><li style="box-sizing: border-box; list-style-type: none; margin: 0px 0px 0.625rem; padding: 0px;">Flood</li><li style="box-sizing: border-box; list-style-type: none; margin: 0px 0px 0.625rem; padding: 0px;">Nuclear incidents</li><li style="box-sizing: border-box; list-style-type: none; margin: 0px 0px 0.625rem; padding: 0px;">Acts of terrorism</li><li style="box-sizing: border-box; list-style-type: none; margin: 0px 0px 0.625rem; padding: 0px;">Breakage of fragile items</li><li style="box-sizing: border-box; list-style-type: none; margin: 0px 0px 0.625rem; padding: 0px;">Mechanical breakdown</li><li style="box-sizing: border-box; list-style-type: none; margin: 0px 0px 0.625rem; padding: 0px;">Pollution</li><li style="box-sizing: border-box; list-style-type: none; margin: 0px 0px 0.625rem; padding: 0px;">Wear and tear</li><li style="box-sizing: border-box; list-style-type: none; margin: 0px 0px 0.625rem; padding: 0px;">Hidden or latent defects</li><li style="box-sizing: border-box; list-style-type: none; margin: 0px 0px 0.625rem; padding: 0px;">Gradual damage</li></ul><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-30" style="background-color: white; box-sizing: border-box; color: #222222; font-family: Rubik, Arial, sans-serif; font-size: 17px; margin: 0px; padding: 0px;"></div><p class="comp text-passage mntl-sc-block mntl-sc-block-html" id="mntl-sc-block_1-0-32" style="background-color: white; box-sizing: border-box; color: #222222; counter-reset: section 0; font-family: Rubik, Arial, sans-serif; font-size: 17px; margin: 0.5rem 0px 0.875rem; padding: 0px;">According to the Insurance Information Institute, 5.13% of insured homes had claims in 2019, the most recent year for which there is data.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-33" style="background-color: white; box-sizing: border-box; color: #222222; font-family: Rubik, Arial, sans-serif; font-size: 17px; margin: 0px; padding: 0px;"></div><p class="comp text-passage mntl-sc-block mntl-sc-block-html" id="mntl-sc-block_1-0-4" style="background-color: white; box-sizing: border-box; color: #222222; counter-reset: section 0; font-family: Rubik, Arial, sans-serif; font-size: 17px; margin: 0.5rem 0px 0.875rem; padding: 0px;"><span class="heading-toc" id="toc-all-risk-home-insurance-what-coverage-do-you-need" style="box-sizing: border-box;"></span><span class="heading-toc" id="toc-whats-left-out-of-all-risk-coverage" style="box-sizing: border-box;"></span></p><p class="comp text-passage mntl-sc-block mntl-sc-block-html" id="mntl-sc-block_1-0-35" style="background-color: white; box-sizing: border-box; color: #222222; counter-reset: section 0; font-family: Rubik, Arial, sans-serif; font-size: 17px; margin: 0.5rem 0px 0.875rem; padding: 0px;">Although you might not file a claim this year, it is important to review your coverage each year so when you do have a claim, you won't have any surprises.</p></span></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-74295313305620006122021-04-09T21:55:00.003+05:002022-07-31T17:28:10.101+05:00Best Cellphone Insurance<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTReBQwbShv6KxZyXoDBFsEcnBE0i0KavRztegmBwIhDYhVkMxUtr_A4G_zFh26WVBTz-D2iBrv5IgO0MBFKxA8n2wDHa0A7Ct1ecEwXGWoD5cQYOFP_v3KVCwFMbdHJ96FH3tiP6HYGu2dNMZNk-9AuXrbq2XmgCMrDbx0maHh5LMld5A4yfAS5ey/s1500/TheBestCellPhoneInsuranceProviders_edit_1-46b4ad993b2549eb94bf5ede408e16e4.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1000" data-original-width="1500" height="355" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTReBQwbShv6KxZyXoDBFsEcnBE0i0KavRztegmBwIhDYhVkMxUtr_A4G_zFh26WVBTz-D2iBrv5IgO0MBFKxA8n2wDHa0A7Ct1ecEwXGWoD5cQYOFP_v3KVCwFMbdHJ96FH3tiP6HYGu2dNMZNk-9AuXrbq2XmgCMrDbx0maHh5LMld5A4yfAS5ey/w533-h355/TheBestCellPhoneInsuranceProviders_edit_1-46b4ad993b2549eb94bf5ede408e16e4.jpg" width="533" /></a></div><br /><h1 class="comp article-heading mntl-text-block" id="article-heading_1-0" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 3rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.1; margin: 0px 0px 1rem; padding-bottom: 1rem; position: relative;"><span style="font-size: 3rem; letter-spacing: 0.05px;">Best Cellphone Insurance</span></h1><div><br /></div><div><h2 class="comp article-subheading mntl-text-block" id="article-subheading_1-0" style="background-color: white; box-sizing: border-box; color: #666666; font-family: SourceSansPro, sans-serif; font-size: 1.875rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0.75rem 0px 0.5rem;">Asurion is an affordable and comprehensive solution for cellphone insurance</h2></div><div><br /></div><div><p class="comp mntl-sc-block mntl-sc-block-html" id="mntl-sc-block_1-0" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Unexpected cellphone repairs or replacements can leave you on the hook for several hundred dollars, but the right cellphone insurance policy can help make it more affordable. When purchasing a cellphone insurance policy, consumers will pay a monthly or annual premium, typically between $5 and $20 a month, and if the device is damaged, lost, or stolen, they’ll be able to repair or replace it for a fraction of the market value by paying a deductible. </p><p class="comp mntl-sc-block mntl-sc-block-html" id="mntl-sc-block_1-0-1" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Many insurance policies offer similar coverage, but it’s important to thoroughly review each provider and policy before making a decision. The best policies are cost-effective, with low deductibles, making it easy to file a claim. Additional factors like bundling discounts, multi-device options, and customer reviews can also be useful when selecting a provider. Read on to determine which provider best fits your needs.</p><p class="comp mntl-sc-block mntl-sc-block-html" id="mntl-sc-block_1-0-1" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><br /></p><div class="mntl-sc-block-commerce__image mntl-universal-image figure-3x1 universal-image__container" style="align-items: center; background: rgb(255, 255, 255); box-sizing: border-box; color: #111111; display: flex; flex-direction: column; float: left; font-family: SourceSansPro, sans-serif; font-size: 18px; height: 100px; justify-content: center; letter-spacing: 0.05px; margin: 0px 1.5rem 1rem 0px; max-width: 300px; overflow: hidden; width: 300px;"><img alt="Asurion" class=" universal-image__image" data-expand="300" data-src="" height="320" role="" sizes="300px" src="https://www.investopedia.com/thmb/Vu9QzK6_PKLG78wxAqBKq5QIvmE=/1370x320/filters:no_upscale():max_bytes(150000):strip_icc():format(webp)/asurion-0bd2ba2b8b964c58b14e1f24378ee44d.jpg" srcset="https://www.investopedia.com/thmb/SNvQRQ_JS5Wae1hT1ux4YrsgO-Q=/300x0/filters:no_upscale():max_bytes(150000):strip_icc():format(webp)/asurion-0bd2ba2b8b964c58b14e1f24378ee44d.jpg 300w, https://www.investopedia.com/thmb/ZbP3paFO0bGx5PqyzHwBcg-Pcw8=/600x0/filters:no_upscale():max_bytes(150000):strip_icc():format(webp)/asurion-0bd2ba2b8b964c58b14e1f24378ee44d.jpg 600w" style="background-color: #d4d4d4; box-sizing: border-box; cursor: pointer; height: auto; max-height: 100px; max-width: 280px; vertical-align: top; width: auto;" width="1370" /></div></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><div class="comp expert-content list-sc-item__intro mntl-block" id="list-sc-item__intro_1-0" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; position: relative;"><p class="comp mntl-sc-block mntl-sc-block-html" id="mntl-sc-block_4-0-2" style="box-sizing: border-box; clear: both; counter-reset: section 0; margin-bottom: 1.75rem; margin-top: 0px;">We chose Asurion as our best overall provider because of its affordable and comprehensive coverage, with an easy claim process.</p><div class="comp mntl-sc-block mntl-sc-block-comparisonlist" id="mntl-sc-block_4-0-3" style="box-sizing: border-box; display: flex; flex-direction: row; margin: 1.5rem 0px;"><div class="mntl-sc-block-comparisonlist__wrapper" style="box-sizing: border-box; flex-grow: 1; max-width: 50%;"><span class="mntl-sc-block-comparisonlist__heading" style="box-sizing: border-box; display: block; font-family: Cabin-semi-bold, sans-serif; font-size: 1.25rem; margin-bottom: 0.5rem; padding-left: 2rem; position: relative;">Pros</span><ul class="mntl-sc-block-comparisonlist__list" style="box-sizing: border-box; list-style-image: initial; list-style-position: initial; margin: 0px; padding: 0.5rem 1rem 0px 1.675rem;"><li style="box-sizing: border-box; list-style: none;"><p style="box-sizing: border-box; display: inline; line-height: 1.4; margin-bottom: 0.5rem; margin-left: 0.3rem !important; margin-top: 0px;">Works directly with several top wireless providers</p></li><li style="box-sizing: border-box; list-style: none;"><p style="box-sizing: border-box; display: inline; line-height: 1.4; margin-bottom: 0.5rem; margin-left: 0.3rem !important; margin-top: 0px;">Easy claims process</p></li><li style="box-sizing: border-box; list-style: none;"><p style="box-sizing: border-box; display: inline; line-height: 1.4; margin-bottom: 0.5rem; margin-left: 0.3rem !important; margin-top: 0px;">Robust coverage that includes loss</p></li></ul></div><div class="mntl-sc-block-comparisonlist__wrapper" style="box-sizing: border-box; flex-grow: 1; margin-top: 0px; max-width: 50%;"><span class="mntl-sc-block-comparisonlist__heading" style="box-sizing: border-box; display: block; font-family: Cabin-semi-bold, sans-serif; font-size: 1.25rem; margin-bottom: 0.5rem; padding-left: 2rem; position: relative;">Cons</span><ul class="mntl-sc-block-comparisonlist__list" style="box-sizing: border-box; list-style-image: initial; list-style-position: initial; margin: 0px; padding: 0.5rem 1rem 0px 1.675rem;"><li style="box-sizing: border-box; list-style: none;"><p style="box-sizing: border-box; display: inline; line-height: 1.4; margin-bottom: 0.5rem; margin-left: 0.3rem !important; margin-top: 0px;">Higher deductibles for some devices</p></li><li style="box-sizing: border-box; list-style: none;"><p style="box-sizing: border-box; display: inline; line-height: 1.4; margin-bottom: 0.5rem; margin-left: 0.3rem !important; margin-top: 0px;">Doesn’t offer the lowest premiums on the market</p></li></ul></div></div></div><div class="tabbed-sc-block tabbed-sc-block--no-tabs " style="background-color: white; box-sizing: border-box; clear: both; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin: 0px -1rem;"><div class="tabbed-sc-block__heading js-tabbed-tab is-active is-initial-load js-single-tab-control" data-tab-index="1" style="animation: 0s ease 0s 1 normal none running none; border-top: none; box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 600; letter-spacing: 0px; line-height: 1.1rem; margin: 0px 1rem; padding: 1rem 0px 1.25rem; position: relative;"><span class="tabbed-sc-block__text" style="border-top: none; box-sizing: border-box; position: relative;">Overview</span></div><div class="tabbed-sc-block__content js-tabbed-content expert-content is-active is-initial-load" data-tab-index="1" style="animation: 0.15s ease-in-out 0.15s 1 normal forwards running expandDrawer; box-sizing: border-box; margin: 0px; max-height: 99999px; overflow: visible; padding: 0px 1rem; position: relative; transition: max-height 0.15s ease-in-out 0s;"><p class="comp mntl-sc-block mntl-sc-block-html" id="mntl-sc-block_4-0-5" style="box-sizing: border-box; counter-reset: section 0; margin: 0px 0px 1.2rem;">Many cellphone providers allow customers to add insurance to their monthly bill, and Verizon, AT&T, USCellular, or Sprint customers have direct access to Asurion’s coverage. This coverage is affordable, the claims process is easy, and customers are generally satisfied with their experience. These factors make Asurion the best overall cellphone insurance provider on our list. </p><p class="comp mntl-sc-block mntl-sc-block-html" id="mntl-sc-block_4-0-6" style="box-sizing: border-box; counter-reset: section 0; margin: 1.2rem 0px;">Asurion policyholders are covered if their device is lost, stolen, or damaged (e.g., broken screens and liquid damage). Plans also cover device defects, as well as some failures and device issues linked to normal wear and tear, like dust accumulation or internal heat and humidity problems.</p><p class="comp mntl-sc-block mntl-sc-block-html" id="mntl-sc-block_4-0-7" style="box-sizing: border-box; counter-reset: section 0; margin: 1.2rem 0px;">The Asurion online claims portal makes it easy to submit a claim, and policyholders can typically expect a replacement phone to arrive via mail in as little as 24 hours. Not all damaged devices require a replacement, however. Customers with a cracked screen or those who want to work directly with a technician can take their issue to one of the more than 650 uBreakiFix by Asurion stores, which are being rebranded as Asurion Tech Repair & Solutions as of September 2021.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-1" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: static; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;">1</span></span> For added convenience, they can also schedule a home or office visit with an Asurion technician. With so many repair options, it’s easy for customers to find one that works best.</p></div><div class="tabbed-sc-block__heading js-tabbed-tab js-single-tab-control" data-tab-index="2" style="border-top: none; box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 600; letter-spacing: 0px; line-height: 1.1rem; margin: 0px 1rem; padding: 1rem 0px 1.25rem; position: relative;"><span class="tabbed-sc-block__text" style="box-sizing: border-box; position: relative;">Plans & Pricing</span></div><div class="tabbed-sc-block__content js-tabbed-content expert-content " data-tab-index="2" style="box-sizing: border-box; margin: 0px; max-height: 99999px; overflow: visible; padding: 0px 1rem; position: relative; transition: max-height 0.15s ease-in-out 0s;"><p class="comp mntl-sc-block mntl-sc-block-html" id="mntl-sc-block_4-0-9" style="box-sizing: border-box; counter-reset: section 0; margin: 0px 0px 1.2rem;">Purchasing options vary by cell provider, device type (e.g., smartphones and watches), and plan. Deductibles for replacement phones also vary by device, with more expensive or newer phones carrying larger deductibles. Screen repairs, which often don’t require a replacement phone, are more affordable.</p></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-43252508402160327232021-04-08T09:20:00.010+05:002022-07-31T01:19:39.951+05:00Insurance and Pensions: Securing the Future<div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjf-lZc-wMRNOlc1boOrbwENoQbviPWnCqjgywBCw-G7ejpcb65de03vWoqKYiJoXD1iasd8bFBpkxNIBCRnNTJn5eH05Oi1T6o5aHxxdV1uBe6kbNZLcgcsvap87DmgkdV4mfctqs9dW5GLX9c2sDsp8JOsj605MrxVpeOABkv-p_tbbA-6ZfQ756A/s950/adobestock_220393354_sustainability-insurance-950.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="550" data-original-width="950" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjf-lZc-wMRNOlc1boOrbwENoQbviPWnCqjgywBCw-G7ejpcb65de03vWoqKYiJoXD1iasd8bFBpkxNIBCRnNTJn5eH05Oi1T6o5aHxxdV1uBe6kbNZLcgcsvap87DmgkdV4mfctqs9dW5GLX9c2sDsp8JOsj605MrxVpeOABkv-p_tbbA-6ZfQ756A/w523-h358/adobestock_220393354_sustainability-insurance-950.jpg" width="523" /></a></div><span style="background-color: white; color: #151a1e; font-family: FFKievitStdExtraBold, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 51px;">Insurance and Pensions: Securing the Future</span></div><div><span style="background-color: white; color: #151a1e; font-family: FFKievitStdExtraBold, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 51px;"><br /></span></div><div><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Good morning, ladies and gentlemen,</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">It gives me great pleasure to welcome you all to this year’s annual conference. In particular, it is my pleasure to welcome our distinguished speakers and panellists.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The theme of this year’s conference is ‘Insurance and Pensions: Securing the Future.’ What do we mean by that? Exactly what we say. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Insurance and pensions are sectors where you need to invest short-term, but outcomes are longterm. As consumers, we put money into our pension products to secure our future retirement. We buy insurance policies to protect ourselves against future “rainy” days. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">In an age where instant gratification is more the norm, setting aside money for the future takes some trust and commitment.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">That is where we come in. Providers need to earn the trust of people to invest in their products or rely on their services. Regulators need to develop a sound and prudent set of rules and principles to be followed. Supervisors need to ensure that those rules are applied and that they deliver appropriate consumer protection and market stability. Providers, regulators and supervisors are crucial for trust. It can take a lifetime to build trust, but it can go in a flash.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">This Conference, however, is for the short-term. We are here for a day only, but it is a day that touches on many different aspects of how we are “Securing the Future”: </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">How we are enabling for good supervision and sustainable finance?</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">How we are managing new threats and opportunities, so that we can ensure good outcomes for people, for business and for economies?</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">I am very much looking forward to a day of interesting debate and great interventions from our speakers, panellists, and you, the distinguished audience.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">In my intervention, I will touch on three main areas, covering EIOPA’s achievements and priorities over the past and coming year: </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Solvency II and its review</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Achieving supervisory convergence </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Working for consumers</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">I will finalize by touching on our future, looking ahead to some of the challenges and opportunities that we face.</p><div data-unique="SolvencyIIanditsreview" name="SolvencyIIanditsreview" style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 16px;"></div><h4 class="tocify-set" style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdExtraBold, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.4375rem; font-weight: normal; line-height: 1.2; margin-bottom: 0.9375rem; margin-top: 0px;">Solvency II and its review</h4><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Coming to my first point, Solvency II and its review</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Every year I stand up and talk to you about Solvency II and this year is no exception.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">This is because Solvency II has been, without doubt, one of the biggest changes – if not the biggest change – to the European insurance regulatory framework over the past few years. Moreover, it has been a change for good.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">In the almost three years since its implementation, the insurance industry has better aligned capital to the risks it runs, uses a risk-based approach to assess and mitigate risks, meaning that it can also better price risk. Insurers have significantly strengthened their governance models and their risk management capacity putting a number of key functions into place and ensuring that boards consider risk and capital factors in their strategic decision-making. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">With Solvency II, insurers throughout Europe use harmonised templates for supervisory reporting, instead of a patchwork of national templates, and publicly disclose more relevant information and by that creating the basis for market discipline. This is a big step towards greater transparency.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">In short, Solvency II has helped to strengthen the position of insurers across Europe. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">But good regulation is only as good as it remains relevant. It must remain fit for purpose if it is to continue to achieve the fundamental objectives of policyholder protection and market stability. The insurance landscape is evolving: business models are evolving to make use of more advanced technology, new risks are emerging, not least in the area of climate change, and the importance of sustainable finance continues to grow.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Therefore, Solvency II must also evolve. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">We are now reviewing the Solvency II regime to ensure that it remains effective, in terms of both its principles and its implementation. We are reviewing it so that we can secure its future. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Early this year, we advised the European Commission on possible targeted adjustments to the regime with recommendations to reduce complexity, increase proportionality, remove technical inconsistencies and make corrections where necessary.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">We proposed a series of new simplifications and proportionate treatments.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">We adjusted the risk calibrations where new evidence emerged.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">We proposed a series of common principles for the calculation of the loss absorbency capacity of deferred taxes, an area where we observed material differences in the implementation in different member states.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">We proposed the adjustment of the treatment of interest rate risk, because the current method clearly underestimate the risk.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">We are happy to see that the European Commission has taken most of our advice into account in their draft Delegated Acts. Nevertheless, I regret the decision to postpone to the 2020 review the review of the treatment of interest rate risk. In that context, I would expect that a similar decision regarding other areas like the treatment of equity risk and the risk margin is taken. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Regarding the 2020 review, EIOPA believes in evolution, not revolution. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Solvency II should adapt to the new market conditions without fundamentally changing the basic principles of the risk-based regime. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">At EIOPA, we are already working on a number of areas:</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The Long-Term Guarantee measures</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The treatment of long-term illiquid insurance liabilities and the assets that back them </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The reporting and public disclosure requirements </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The supervisory tools and measures needed to reinforce the macro-prudential nature of Solvency II</p><div data-unique="SustainabilityinSolvencyII" name="SustainabilityinSolvencyII" style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 16px;"></div><h4 class="tocify-set" style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdExtraBold, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.4375rem; font-weight: normal; line-height: 1.2; margin-bottom: 0.9375rem; margin-top: 0px;">Sustainability in Solvency II</h4><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The way sustainability is considered in Solvency II</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">On the Long-Term Guarantee measures, we will revisit their design and calibration in light of the experience collected. These measures have an important impact on the financial position of insurers and relevant financial stability implications. I believe that it is possible to fine-tune them to ensure that they continue to work properly under different market conditions.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">On illiquid liabilities, we just published a discussion paper. The illiquidity characteristics of liabilities may contribute to the ability of insurers to mitigate short-term volatility by holding assets throughout the duration of the commitments, even in times of market stress. We are particularly interested on how the short and long-term risks of long-term investments relate to the potential illiquid characteristics of insurance liabilities.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">EIOPA will further assess whether the risks connected to illiquid liabilities and the assets covering long-term liabilities are adequately reflected in the current regulatory regime. This analysis will include an assessment of any unintended consequences of the current regulatory treatment and how such consequences, if any, could be mitigated.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Proportionality will be a key word in the 2020 evaluation of the reporting and public disclosure requirements in Solvency II. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The embedded proportionality included in the current design of the reporting requirements delivers appropriate relief to European insurers: for example, only 21% of the undertakings report the look-through template for investments in collective investment undertakings and only 26% report the derivatives templates. EIOPA is open to explore other meaningful ways to increase proportionality and reduce burden to firms in line with the nature, scale and complexity of their risks. For example, that could be the concrete case of certain types of captives.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Regarding public disclosure, namely the Solvency and Financial Condition Report (SFCR), streamline and standardize should be the keywords. The SFCR was a paradigm shift in the transparency of the insurance sector. The feedback that we receive from investors, analysts and consumer associations confirms the relevance of this tool for market discipline. It also identifies possibilities to streamline it in some areas, obtain more comprehensive and better structured information on the risk sensitivity to different scenarios or stresses, together with more standardized information on the sources of changes in own funds and the Solvency Capital Requirement. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Following our work on systemic risk and macro-prudential policy in insurance, EIOPA intends to present concrete proposals on how to integrate some additional macro-prudential tools in Solvency II, to enhance the capacity of supervisors to monitor and intervene preventively. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Enhanced reporting and monitoring tools need to be designed to ensure that supervisors early identify potential systemic risks and vulnerabilities that are or could be building up in the system in relation to capital, reserving, liquidity and asset and liability exposures. Furthermore, clear intervention powers should be available to be used in the hopefully rare circumstances where the other measures may not suffice to address the sources of systemic risk, such as limits or restrictions or the imposition of a capital add-on for systemic risk.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">These tools and measures should build up, complement and be consistent with the Solvency II framework in order to avoid different incentives for insurers’ risk management. Well-tailored, calibrated and proportionate macro-prudential measures should contribute to mitigate systemic risk by ensuring sufficient loss-absorbency capacity and reserving, discouraging excessive levels of direct and indirect concentrations and overall limit pro-cyclicality.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Finally, in the context of the sustainable finance agenda, EIOPA is working on the way Environmental, Social and Governance (ESG) risks and factors should be integrated in the three pillars of Solvency II. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">First and foremost, we believe that insurers should include in their risk management system processes to identify, measure, monitor, manage and report, on a continuous basis, the ESG risks. Regarding capital requirements, the debate is only starting, but in my view, any reorientation of capital flows should arise because insurers take a long-term approach, including a view of sustainability over a long-term horizon, and not because of regulatory incentives.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">On disclosure, reliable information on insurers’ exposure to ESG risks will strengthen the stability of the financial system. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;"> This brings me to my second point, </p><div data-unique="Achievingsupervisoryconvergence" name="Achievingsupervisoryconvergence" style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 16px;"></div><h4 class="tocify-set" style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdExtraBold, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.4375rem; font-weight: normal; line-height: 1.2; margin-bottom: 0.9375rem; margin-top: 0px;">Achieving supervisory convergence</h4><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Last week, the European Court of Auditors published its Special Report on EIOPA’s contribution to supervision and stability in the insurance sector. We welcome the publication of the report in particular the recognition of our ‘important contribution to a common supervisory culture and financial stability in the insurance sector’ and I am honoured that Mr Rimantas Sadzius, Member of the Court has joined us today.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Ensuring high quality and consistent supervision is fundamental to the proper function of the Single Market. And, this is one of the reasons why supervisory convergence is our highest priority. We have been working closely with national supervisors to foster a common European supervisory culture since our inception and we will continue to do so. This is a marathon, not a 100-metre race. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Last year, we outlined the key characteristics of a common European supervisory culture. This year we published our supervisory convergence plan for 2018/2019 in which we identified three main areas of action: </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The further development of common supervisory tools and benchmarks </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The supervision of cross-border business</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">And the supervision of emerging risks</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">As the European Court of Auditors recognised, we have made good use of a wide range of tools to support supervisory convergence, but these require further development. As part of our supervisory convergence plan, we will focus on:</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Tools and benchmarks related to the application of proportionality </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The supervision of internal models </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">And very importantly ont the supervisory assessment of conduct risks</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Cross-border business is an asset of the single market and it is supposed to deliver benefits for competition and consumers. To achieve this, stronger supervision is required. In this field, our priorities for the coming year are:</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The detection of unsustainable cross-border business models </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Sufficiency of technical provisions in cross-border business </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">And fit and proper analysis</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">We also need to be aware of emerging risks. Securing the future means being able to mitigate both existing and emerging risks. In the immediate term, we are examining:</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Supervisory practices related to IT resilience and cyber risks </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The use of big data </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">And, of course, Brexit</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">In particular, EIOPA has built up and coordinated the so–called cooperation platforms with home and host supervisors to look at concrete cases of companies with cross–border activities and their supervision. To date EIOPA has coordinated 13 platforms involving national supervisors from many different countries. For each platform, EIOPA provided concrete supervisory recommendations to the home supervisor. In some instances, these recommendations were aimed to strongly encourage the home supervisory authority to initiate intrusive interventions towards the firm, such as prohibition of writing new business, in order to limit the risk to prospective policyholders.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The business models of the companies subject to a cooperation platform differ significantly, from motor insurance, French construction business, medical malpractice insurance to complex unit-linked products. In general, the focus of the companies is on growth outside the home market and on long-tail business where the risk will only materialize on the medium to long-term. Usually, there are deficiencies in the data available, insufficiencies in technical provisions and complex</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">intermediation structures. The impact of failure of such companies can cause significant waves in the host markets and severely disrupt public trust in the functioning of the internal market.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The supervision and enforcement of the new requirements is essential to ensure the desired increase in consumer protection. It is EIOPA’s expectation that all the national competent authorities reinforce their market monitoring activities, deepen their knowledge about the products sold in their markets and effectively take supervisory measures to stop eventual bad practices. It is time to take conduct of business supervision seriously. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">For EIOPA, both prudential and conduct of business supervision are an integral part of the consumer protection mandate. With the Solvency II implementation, EIOPA and the national competent authorities have put in place a number of activities in order to ensure a high degree of consistency and quality of prudential supervision in the European Union. It is now time to do a similar exercise on conduct of business supervision. There is a long way to go in order to ensure that the consumers in the different Member States benefit from an attentive and effective conduct of business supervision.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">For that, we need more and better resources to be focused on conduct of business supervision. And, we also need a cultural change in supervisory authorities to indeed attribute sufficient attention to this area. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Overall, the focus on supervisory convergence activities by EIOPA is also reflected in a growing number of peer reviews, of mediation cases and breaches of Union Law investigations. At the same time, these activities also show limitations of EIOPA’s current powers. That’s why we have been advocating for concrete amendments to the EIOPA Regulation to build a stronger framework for EIOPA’s independent assessment of supervisory practices and preventive tools regarding crossborder business, namely through the right of initiative to set up cooperation platforms. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">In this regard, we fully agree with the recommendations of the European Court of Auditors to strengthen our powers through the ongoing review of the three European Supervisory Authorities, known as the ESAs Review, so that we can act more intrusively when and where we detect signs of cross-border failure.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">I have talked so far about regulation and supervision. For us, these are day-to-day topics. But these are only tools to achieve our main objective which is consumer protection. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">This brings me to my third point: </p><div data-unique="Workingforconsumers" name="Workingforconsumers" style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 16px;"></div><h4 class="tocify-set" style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdExtraBold, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.4375rem; font-weight: normal; line-height: 1.2; margin-bottom: 0.9375rem; margin-top: 0px;">Working for consumers</h4><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">For consumers, much of our work is intangible. Companies are supervised, crises are minimised, risks are mitigated and consumers, for the most part, are untouched.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">But more and more consumers are seeing the evidence of our work in their daily financial lives especially through the information that they receive from providers. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Under the Insurance Distribution Directive, the IDD, we have seen the introduction of the Insurance Product Information Document, the IPID. This document provides customers with standardised information about non-life insurance products in a short, stand-alone and easy-toread document that allows customers to better compare products and make informed decisions. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The document was developed on the basis of extensive research with consumers of various ages and levels of financial literacy.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The result is a document in which the key features of non-life insurance products are presented in a simple and easy to understand ‘Questions & Answers’ format without technical jargon. The IPID is eye-catching because of its use of colours and icons. The proposed design also takes into account how information will be presented via digital media, for instance by allowing the layout of the information using pop-ups to adjust on the small screen of a mobile device.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">In terms of practical experience so far with the IPID at national level, we have received a lot of positive feedback. A number of existing national product information documents were considered as too long with lots of text and confusing text for consumers. What the IPID has brought is more comparable and clearer information for the customer based on its standardised design. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Another example of our work to improve the experience of consumers when engaging with insurers and distributors is the key information document (KID) from the Packaged Retail Investment Products Regulation (PRIIPs), the so called, PRIPP’s KID. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">While we believe that the PRIIP’s KID is a step forward regarding the standardization of relevant information to consumers of investment products. At the same time, we are also attentive to the concerns raised in its implementation. We recently launched a process to make targeted changes to the KID. We also see benefit in limiting the delay to a wider review of PRIIPs that was due to take place this year. Furthermore, it is critical that the same rules apply across all types of packaged investment products, including Undertakings for Collective Investment in Transferable Securities, the so called, UCITS, to achieve the aim of comparability and avoid consumers receiving different types of information.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">On the occupational pensions sector, EIOPA recently published a guidance on the implementation of IORP II in relation to the Pension Benefit Statement, an important pillar in the provision of pension information.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The Pension Benefit Statement’s main goal is to provide important information such as the current situation of the pension scheme member regarding the accrual of pension benefits, projecting future retirement benefits, to enable retirement planning and help the member to take informed decisions.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">EIOPA identified a number of guiding principles for the design and content of a Pension Benefit Statement. It should be based on a behavioural approach to facilitate a member's decisions about retirement savings. The information should be layered to help the member to find key information at a glance and to navigate easily through the content to find the answers to the questions.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Very importantly, the Pension Benefit Statement should enable the member to understand the impact of costs on pension entitlements and to compare pension scheme cost levels.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">EIOPA will continue to promote consistent practices at national level, including the development of examples of standardised designs of the Pension Benefit Statement.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Going forward it is a priority for us to ensure that consumers are not overloaded with information, which they do not understand and do not use. A deep analysis of the current disclosure requirements in place for insurance products in different parts of the European legislation is needed in order to streamline it, eliminate duplications, layer the information and make sure that the result is ready for the digital economy. This should ensure that simpler, more targeted and standardized information is offered to consumers while limiting the burden on the industry. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Now, I won’t say that either the IPID or the KID make choosing a financial product as easy as child’s play.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">I won’t say that this girl that you see standing behind me would ever pick up one of these documents and read it with interest. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">But I will say that, for her parents, these documents will make their financial lives and their financial choices easier. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Where this girl will benefit – although she probably does not know it yet – is through the PanEuropean Personal Pension Product, the PEPP. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The PEPP has come a long way since our initial proposal. PEPP provides European citizens an entirely new personal pension framework in the form of a safe, portable, long-term retirement savings product. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">So imagine the life of this young girl. Here we see her dreaming of her future. Will she learn to fly? Will she be a pilot? Will she be an astronaut? We do not know. But what we do know is that over the course of her lifetime she will probably hold several jobs. She will possibly move cities, possibly countries for her work. She will definitely want a safe and secure source of income when she stops working. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">With the PEPP, consumers will have a simple, safe, transparent and cost-effective long-term retirement product to complement national systems, adding a default opportunity to save for future retirement income within a European personal pension framework.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">With PEPP, we can have smart portability to adapt to changes in labour markets, so that mobile workers will be able to pay into the same product when moving within the European Union.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">With PEPP, we are providing a level playing field for providers, encouraging competition and increasing consumer choice.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">However, PEPP will only be successful if it is trusted. As a European supervisory authority, EIOPA can ensure consistent high standards throughout Europe. In this regard, a central authorization hub and a key contact point for accessing information on PEPP are crucial for its success. I am confident that the political trilogue will be successful and an agreement will be found before the end of the current European Parliament mandate. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Coming to my last point, the strategic challenges and opportunities</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">I will finalize by touching on our future, looking ahead to some of the challenges and opportunities that we all face, which are to me the following: </p><div data-unique="First:Digitalisation" name="First:Digitalisation" style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 16px;"></div><h4 class="tocify-set" style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdExtraBold, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.4375rem; font-weight: normal; line-height: 1.2; margin-bottom: 0.9375rem; margin-top: 0px;">First: Digitalisation</h4><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">EIOPA will continue the close dialogue with market participants (incumbents and start-ups), consumer representatives, academia and data protection experts in order to early identify regulatory barriers to innovation and contribute to the necessary societal and regulatory debate about the appropriate ethical standards to be used by insurers when dealing with big data.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Furthermore, priority will be given to the analysis of the fragmentation of the value chain and the corresponding impact on business models. We will need to be attentive to the emergence of business models where the insurance value chain (product design, pricing, client interaction and claims management) is originated and managed by technological platforms and find appropriate answers on how to supervise this “inverted outsourcing” model. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Increasing digitalisation coupled with a growing number of cyber incidents has made cyber risk a major concern for institutions, individuals and financial markets, leading to a growing demand for cyber insurance. To enhance understanding of cyber risk underwriting in the European insurance market, EIOPA undertook a structured dialogue with insurance companies across Europe. The findings, published in the report ‘Understanding Cyber Insurance’, highlight the need for a deeper understanding of cyber risk as a core challenge for the European insurance industry. A questionnaire on cyber risk has been included in the 2018 Insurance Stress Test and the subject will be a growing area of focus for EIOPA, becoming a cross cutting activity in our 2019 work programme.</p><div data-unique="Second:Sustainablefinance" name="Second:Sustainablefinance" style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 16px;"></div><h4 class="tocify-set" style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdExtraBold, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.4375rem; font-weight: normal; line-height: 1.2; margin-bottom: 0.9375rem; margin-top: 0px;">Second: Sustainable finance</h4><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Sustainability has long been at the heart of the European project. Following the adoption of the 2016 Paris Agreement on Climate Change and the United Nations 2030 Agenda for Sustainable Development, the European Commission has published this year the Action Plan on Financing Sustainable Growth. This step was in my view a truly act of leadership. A vision that should inspire and motivate all of us to contribute to a more sustainable world.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The success of the sustainability agenda will depend to a great extent on the capacity of financial market participants, including insurers and pension funds, to incorporate into today’s risk measurement and decision making processes the expected long-term consequences of climate change, resource depletion, environmental degradation as well as social and governance issues. This will be certainly challenging for all market players, but in particular, for insurers and pension funds, it is essential. They need to consider physical and transition risks because their business models are based in liabilities and corresponding assets with time horizons of several decades. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">So, for insurers and pension funds, the inclusion of ESG risks and factors in their risk management systems is not a consequence of a political or regulatory imposition! It is a responsible business practice! That’s why we see more and more insurers and pension funds taking important decisions in their investment and underwriting policies in line with their ESG risk assessment. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Insurers and pension funds, as big institutional investors, should use their stewardship role to engage with companies in which they invest incentivizing them to take concrete steps towards a lower carbon footprint. This will ensure that the necessary transition to a low carbon economy is</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">done in a gradual and stable way, avoiding financial stability incidents and the emergency of pockets of stranded assets.</p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Furthermore, insurers should use a similar approach in their underwriting activities, incentivizing risk reduction through adequate risk-based pricing. </p><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">The recent report of the Intergovernmental Panel on Climate Change (IPCC) highlights the rapid, far-reaching and unprecedented changes needed to limit global warming to 1.5°C. As rising temperatures accelerate sea level rise and catalyse extreme weather events, communities, businesses, cities and countries are facing new types and higher levels of risk. Insurers and pension funds should act in the best interest of their policyholders, members and beneficiaries and be part of the solution. </p><div data-unique="Third:Brexit" name="Third:Brexit" style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 16px;"></div><h4 class="tocify-set" style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdExtraBold, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.4375rem; font-weight: normal; line-height: 1.2; margin-bottom: 0.9375rem; margin-top: 0px;">Third: Brexit</h4><p style="background-color: white; box-sizing: border-box; color: #151a1e; font-family: FFKievitStdBook, FFKievitStdBook, Calibri, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; font-size: 1.25rem; line-height: 2rem; margin-bottom: 1.875rem; margin-top: 0px;">Based on the data collected through the monitoring of the Brexit contingency planning of insurance undertakings, in particular of the undertakings from the United Kingdom with crossborder business in the remaining European countries, and due to the nature and scale of the business concerned, EIOPA's assessment is that the service continuity issue does not give rise to financial stability risks. At the same time, EIOPA is working with the national competent authorities and addressing the residual risk to ensure that consumers will be protected.</p></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-46838797675263610042021-04-07T09:09:00.002+05:002022-07-31T01:14:08.937+05:00Benefits of Personal Accident Insurance<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivzIC3QAxvjmCr7u7-4LQiVyd0jQrYDtKvI81zAtIT3qY8uJmVRk_rMPBLSZdZ08So5KCEhUeZP56ebRI2Zdc5VjN9btCYCDCwxeCkMP5VJeReBSg73in437HQv4bL6ZHU31HDjyOxwdoCeRvamSA8Ql-64kPM4TMBFcgZLytm0e-xshUiZ0ANf-Ne/s1000/personal-accident.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="700" data-original-width="1000" height="411" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivzIC3QAxvjmCr7u7-4LQiVyd0jQrYDtKvI81zAtIT3qY8uJmVRk_rMPBLSZdZ08So5KCEhUeZP56ebRI2Zdc5VjN9btCYCDCwxeCkMP5VJeReBSg73in437HQv4bL6ZHU31HDjyOxwdoCeRvamSA8Ql-64kPM4TMBFcgZLytm0e-xshUiZ0ANf-Ne/w588-h411/personal-accident.jpg" width="588" /></a></div><br /><h1 class="mainTitle" style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-family: AllianzB; font-size: 3rem; line-height: normal; list-style: none; margin: 0px; outline: none; padding: 0px 0px 30px;"><span style="font-size: 3rem;">Benefits of Personal Accident Insurance</span></h1><div><br /></div><div><span style="font-family: AllianzSans; font-size: 16px; white-space: pre-line;">One fine day Kunal went to meet his friends, where they were discussing various insurance policies. As one of his friends was an insurance agent, he wanted to make sure that everyone around him knew the advantages of different insurance policies. Kunal was interested in learning about all these things, and he curiously asked his agent friend what are the benefits of personal accident insurance? His friend was happy as the question was up to the mark.
He believes that life surprises us in ways we cannot imagine. Sometimes it gives us unpleasant surprises or, instead, shocks like accidents. An accident can occur anytime, causing severe harm to the injured without any warning, and it may have a significant impact on your finances.
</span><strong style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; list-style: none; margin: 0px; outline: none; padding: 0px;">Personal accident insurance</strong><span style="font-family: AllianzSans; font-size: 16px; white-space: pre-line;"> comes to your rescue here, which does not affect your earning potential. It protects you and your family from situations where the treatment costs are high or when you have any disability.
The insurance agent further added, ‘Basically; this policy helps in reimbursing all your medical costs and provides compensation in cases where a person has a disability or a death caused by accidents.’
There are several benefits of personal accident insurance. It also gives financial assistance to you or your family members in the events such as bodily injuries, death caused by accidents, permanent total disability, temporary total disability, or permanent partial disabilities.
In some cases, the insurance company also provides compensation for an accident disability like loss of speech, limbs, and eyes. Kunal and his friends were surprised by all this information about an accident insurance policy. They were advised by the agent friend not to ignore buying this type of insurance.
He made them understand the importance of this specific cover and how it works. He further explains the health insurance policy, which is also an important aspect that needs to be considered when it comes to our health.
</span><h2 style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-family: AllianzSans; font-size: 2.4rem; font-weight: normal; line-height: normal; list-style: none; margin: 0px; outline: none; padding: 10px 0px 30px; white-space: pre-line;">Health Insurance policy</h2><span style="font-family: AllianzSans; font-size: 16px; white-space: pre-line;">
Kunal now inquires about the </span><strong style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-family: AllianzSans; font-size: 16px; list-style: none; margin: 0px; outline: none; padding: 0px; white-space: pre-line;">health insurance policy</strong><span style="font-family: AllianzSans; font-size: 16px; white-space: pre-line;"> from his friend. To which he was elucidated that it plays a vital role in our life. There are certain essential benefits provided to the patient by the company. The policyholder gets the expenses related to hospitalization costs, consultation fees of the doctor, and medicines cost in case of critical illnesses. “Personal accident insurance is equally important just like the health insurance cover,” added Kunal.
</span><h2 style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-family: AllianzSans; font-size: 2.4rem; font-weight: normal; line-height: normal; list-style: none; margin: 0px; outline: none; padding: 10px 0px 30px; white-space: pre-line;">List of the benefits of Personal Accident Insurance</h2><span style="font-family: AllianzSans; font-size: 16px; white-space: pre-line;">
Kunal’s friend gives a detailed explanation followed by a list of some significant benefits of this cover.
</span><ul style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-family: AllianzSans; font-size: 16px; list-style: none; margin: 0px; outline: none; padding: 0px; white-space: pre-line;">
<li style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-size: 1.8rem; line-height: 1.4; list-style: disc; margin: 0px; outline: none; padding: 0px;"><strong style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; list-style: none; margin: 0px; outline: none; padding: 0px;">No medical tests</strong></li>
</ul><span style="font-family: AllianzSans; font-size: 16px; white-space: pre-line;">
This is one of the significant benefits of this policy where you are not supposed to undergo any medical tests.
</span><ul style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-family: AllianzSans; font-size: 16px; list-style: none; margin: 0px; outline: none; padding: 0px; white-space: pre-line;">
<li style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-size: 1.8rem; line-height: 1.4; list-style: disc; margin: 0px; outline: none; padding: 0px;"><strong style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; list-style: none; margin: 0px; outline: none; padding: 0px;">Family security</strong></li>
</ul><span style="font-family: AllianzSans; font-size: 16px; white-space: pre-line;">
Family is dear to all of us, and we all are worried about our family’s financial protection. Therefore, this policy cover offers security to our family members in the form of compensation or bears all the expenses incurred in treating the injured or disabled due to an accident.
</span><ul style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-family: AllianzSans; font-size: 16px; list-style: none; margin: 0px; outline: none; padding: 0px; white-space: pre-line;">
<li style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-size: 1.8rem; line-height: 1.4; list-style: disc; margin: 0px; outline: none; padding: 0px;"><strong style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; list-style: none; margin: 0px; outline: none; padding: 0px;">Peace of mind</strong></li>
</ul><span style="font-family: AllianzSans; font-size: 16px; white-space: pre-line;">
It provides you with peace of mind as the family members can use the company’s compensation to pay off their liabilities and maintain a usual lifestyle in case of a family member’s death.
</span><ul style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-family: AllianzSans; font-size: 16px; list-style: none; margin: 0px; outline: none; padding: 0px; white-space: pre-line;">
<li style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-size: 1.8rem; line-height: 1.4; list-style: disc; margin: 0px; outline: none; padding: 0px;"><strong style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; list-style: none; margin: 0px; outline: none; padding: 0px;">Minimal documentation</strong></li>
</ul><span style="font-family: AllianzSans; font-size: 16px; white-space: pre-line;">
There is a misconception that the insurance cover has a complicated process. Hence, people avoid buying it. But the truth is that it does not contain more paperwork when you purchase this policy. Only the necessary details in the application form are required, so you don’t need to stress the documentation process.
</span><ul style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-family: AllianzSans; font-size: 16px; list-style: none; margin: 0px; outline: none; padding: 0px; white-space: pre-line;">
<li style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-size: 1.8rem; line-height: 1.4; list-style: disc; margin: 0px; outline: none; padding: 0px;"><strong style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; list-style: none; margin: 0px; outline: none; padding: 0px;">Expenses of the ambulance</strong></li>
</ul><span style="font-family: AllianzSans; font-size: 16px; white-space: pre-line;">
Several insurance companies also cover the ambulance expenses while taking the injured person from an accidental spot to the hospital. They also manage to inform the family members about the occurrence of your accident.
</span><ul style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-family: AllianzSans; font-size: 16px; list-style: none; margin: 0px; outline: none; padding: 0px; white-space: pre-line;">
<li style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-size: 1.8rem; line-height: 1.4; list-style: disc; margin: 0px; outline: none; padding: 0px;"><strong style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; list-style: none; margin: 0px; outline: none; padding: 0px;">Worldwide coverage</strong></li>
</ul><span style="font-family: AllianzSans; font-size: 16px; white-space: pre-line;">
Some of the insurances do not provide compensation in cases when the casualty has occurred outside of India. But personal accident insurance policy cover offers assured benefits irrespective of the location of the accident. It does not have any geographical limitations and is helpful in emergency cases.
</span><ul style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-family: AllianzSans; font-size: 16px; list-style: none; margin: 0px; outline: none; padding: 0px; white-space: pre-line;">
<li style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-size: 1.8rem; line-height: 1.4; list-style: disc; margin: 0px; outline: none; padding: 0px;"><strong style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; list-style: none; margin: 0px; outline: none; padding: 0px;">Easier claim process</strong></li>
</ul><span style="font-family: AllianzSans; font-size: 16px; white-space: pre-line;">
It has an easy claim process, which is a critical thing that a policy buyer looks for as in the cases of emergencies, a person would not be able to claim the insurance, which has a long process. Here, you can submit an online or offline application of the insured insurance, the company verifies it, and the claim is paid-out.
Personal accident policy also provides more benefits such as copay to reduce your premium, cumulative bonus resulting in higher </span><strong style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-family: AllianzSans; font-size: 16px; list-style: none; margin: 0px; outline: none; padding: 0px; white-space: pre-line;">sum insured</strong><span style="font-family: AllianzSans; font-size: 16px; white-space: pre-line;"> after claim-free tenures & more.
</span><strong style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-family: AllianzSans; font-size: 16px; list-style: none; margin: 0px; outline: none; padding: 0px; white-space: pre-line;"> FAQs</strong><span style="font-family: AllianzSans; font-size: 16px; white-space: pre-line;">
</span><ul style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-family: AllianzSans; font-size: 16px; list-style: none; margin: 0px; outline: none; padding: 0px; white-space: pre-line;">
<li style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-size: 1.8rem; line-height: 1.4; list-style: disc; margin: 0px; outline: none; padding: 0px;"><strong style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; list-style: none; margin: 0px; outline: none; padding: 0px;">What are the types of personal accident insurance?</strong></li>
</ul><span style="font-family: AllianzSans; font-size: 16px; white-space: pre-line;">
There are broadly two types known as - Individual personal accident insurance and group personal accident insurance.
</span><ul style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-family: AllianzSans; font-size: 16px; list-style: none; margin: 0px; outline: none; padding: 0px; white-space: pre-line;">
<li style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; font-size: 1.8rem; line-height: 1.4; list-style: disc; margin: 0px; outline: none; padding: 0px;"><strong style="-webkit-font-smoothing: antialiased; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border-radius: 0px; border: none; box-sizing: border-box; list-style: none; margin: 0px; outline: none; padding: 0px;">What are the benefits of personal accident insurance?</strong></li>
</ul><span style="font-family: AllianzSans; font-size: 16px; white-space: pre-line;">
There are multiple benefits of personal accident insurance. It offers safety and security to your family if something happens to you or your family. It also helps you sustain financially in cases of accidents. If an accident leads to disability or death, it can have an untoward impact on your income. But personal accident cover offers to meet the expenses incurred during these unfortunate times.</span></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-337675083679666102021-04-06T09:01:00.001+05:002022-07-31T01:09:01.874+05:00Personal Accident Insurance<div style="text-align: center;"><b style="font-size: xx-large;">Personal Accident Insurance</b></div><div style="text-align: center;"><b style="font-size: xx-large;"><br /></b></div><div style="text-align: left;"><div class="c-intro-text aem-GridColumn aem-GridColumn--default--12" style="background-color: white; box-sizing: border-box; clear: none; color: #333333; float: left; font-family: PublicoText-Roman, "Times New Roman", sans-serif; font-size: 16px; width: 806px;"><div class="intro-copy medium " style="box-sizing: border-box; margin-bottom: 50px;"><div style="box-sizing: border-box;"><p style="box-sizing: border-box; font-family: PublicoHeadline-Roman, "Times New Roman", sans-serif; font-size: 20px; line-height: 28px; margin-bottom: 10px; margin-top: 0px;">Accidents can happen anytime and anywhere - whether you are at home, at work, or </p><p style="box-sizing: border-box; font-family: PublicoHeadline-Roman, "Times New Roman", sans-serif; font-size: 20px; line-height: 28px; margin-bottom: 10px; margin-top: 0px;">even on vacation. When it happens, make sure that you and your family are protected</p><p style="box-sizing: border-box; font-family: PublicoHeadline-Roman, "Times New Roman", sans-serif; font-size: 20px; line-height: 28px; margin-bottom: 10px; margin-top: 0px;"> comprehensively. Chubb's Personal Accident Insurance for individuals and families is</p><p style="box-sizing: border-box; font-family: PublicoHeadline-Roman, "Times New Roman", sans-serif; font-size: 20px; line-height: 28px; margin-bottom: 10px; margin-top: 0px;"> no ordinary insurance. It provides coverage in the form of compensations - a financial</p><p style="box-sizing: border-box; font-family: PublicoHeadline-Roman, "Times New Roman", sans-serif; font-size: 20px; line-height: 28px; margin-bottom: 10px; margin-top: 0px;"> support that will allow you or your family to concentrate on recovering - and includes</p><p style="box-sizing: border-box; font-family: PublicoHeadline-Roman, "Times New Roman", sans-serif; font-size: 20px; line-height: 28px; margin-bottom: 10px; margin-top: 0px;"> coverage for death, partial or total disability, medical expenses and hospitalisation </p><p style="box-sizing: border-box; font-family: PublicoHeadline-Roman, "Times New Roman", sans-serif; font-size: 20px; line-height: 28px; margin-bottom: 10px; margin-top: 0px;">for up to 30 days due to an accident.</p></div></div></div><div class="c-section-heading aem-GridColumn aem-GridColumn--default--12" style="background-color: white; box-sizing: border-box; clear: none; color: #333333; float: left; font-family: PublicoText-Roman, "Times New Roman", sans-serif; font-size: 16px; width: 806px;"><h2 class="h3-title product-promo-section-heading add-margin" style="box-sizing: border-box; font-family: PublicoHeadline-Light, "Times New Roman", sans-serif; font-size: 36px; font-weight: 500; line-height: 1.2; margin-bottom: 40px; margin-top: 20px;">Coverage Highlights</h2></div><div class="c-bulleted-dashed-list parbase aem-GridColumn aem-GridColumn--default--12" style="background-color: white; box-sizing: border-box; clear: none; color: #333333; float: left; font-family: PublicoText-Roman, "Times New Roman", sans-serif; font-size: 16px; width: 806px;"><div class="coverage-section " style="box-sizing: border-box;"><div style="box-sizing: border-box;"><div class="coverage-block" style="box-sizing: border-box;"><div class="sub-heading h6-title" style="box-sizing: border-box; font-weight: bold;"></div><div class="dashed-list" style="box-sizing: border-box;"><ul style="box-sizing: border-box; margin-bottom: 1rem; margin-left: 0px; margin-top: 0px;"><li style="box-sizing: border-box; margin-bottom: 15px; padding-left: 5px; position: relative;">Death and Permanent Disability due to an Accident</li></ul><p style="box-sizing: border-box; line-height: 21px; margin-bottom: 30px; margin-top: 0px;">A compensation is paid if during the insurance validity period the Insured suffers from a physical injury due</p><p style="box-sizing: border-box; line-height: 21px; margin-bottom: 30px; margin-top: 0px;"> to an accident that causes death or total permanent disability. The compensation is paid based on a </p><p style="box-sizing: border-box; line-height: 21px; margin-bottom: 30px; margin-top: 0px;">percentage limit if the Insured suffers total permanent disability.</p><ul style="box-sizing: border-box; margin-bottom: 1rem; margin-left: 0px; margin-top: 0px;"><li style="box-sizing: border-box; margin-bottom: 15px; padding-left: 5px; position: relative;">Medical Expenses due to an Accident</li></ul><p style="box-sizing: border-box; line-height: 21px; margin-bottom: 30px; margin-top: 0px;">After the Insured submits all the necessary documents related to medical expenses arising from injuries </p><p style="box-sizing: border-box; line-height: 21px; margin-bottom: 30px; margin-top: 0px;">due to an accident, insurance benefits will be provided according to the chosen policy scheme.</p><p style="box-sizing: border-box; line-height: 21px; margin-bottom: 30px; margin-top: 0px;">Chubb's Personal Accident Insurance provides greater peace of mind when it comes to unforeseen</p><p style="box-sizing: border-box; line-height: 21px; margin-bottom: 30px; margin-top: 0px;"> accidents.</p></div></div></div></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-20204688338427521902021-04-05T14:26:00.002+05:002022-07-31T00:54:53.046+05:00What factors may affect your car insurance premium?<h1 class="display-4 mb-0" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; text-align: center; vertical-align: initial;"><span style="font-size: x-large;"><br /></span></h1><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjktj4hjCLgU-LznCKeyUt7k7CNDC9pQx_0O28yTXsYr8kAdrUfuoowH_f2NaUqSX4ZLqpgvNtezcUXwbvGZ6TmJ1HmkxT_jBP_bOdXdBuuG4sAaKdhTjxq4-NSFLH7F0wz2827NjUOrDJKfJU9pZF5oMMTDFGX7v9Fb1cfJ2iRFum9BAIlFle7Qmwk/s1200/how-technology-is-having-an-impact-on-your-car-insurance.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="675" data-original-width="1200" height="331" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjktj4hjCLgU-LznCKeyUt7k7CNDC9pQx_0O28yTXsYr8kAdrUfuoowH_f2NaUqSX4ZLqpgvNtezcUXwbvGZ6TmJ1HmkxT_jBP_bOdXdBuuG4sAaKdhTjxq4-NSFLH7F0wz2827NjUOrDJKfJU9pZF5oMMTDFGX7v9Fb1cfJ2iRFum9BAIlFle7Qmwk/w588-h331/how-technology-is-having-an-impact-on-your-car-insurance.jpg" width="588" /></a></div><br /><span style="font-size: x-large;"><br /></span></div><h1 class="display-4 mb-0" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; text-align: center; vertical-align: initial;"><span style="font-size: x-large;">What factors may affect your car insurance premium?</span></h1><div><span style="font-size: x-large;"><br /></span></div><div><p style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-rg, Arial, Helvetica, sans-serif; font-size: 16px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px 0px 1rem; padding: 0px; vertical-align: initial;">Some factors that may affect your auto insurance premiums are your car, your driving habits, demographic factors and the coverages, limits and deductibles you choose. These factors may include things such as your age, anti-theft features in your car and your driving record.</p><p style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-rg, Arial, Helvetica, sans-serif; font-size: 16px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px 0px 1rem; padding: 0px; vertical-align: initial;">While it may be tempting to reduce or eliminate coverages to help lower your car insurance premium, it’s important to know that there are other factors that may also affect the price you pay.</p><p style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-rg, Arial, Helvetica, sans-serif; font-size: 16px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px 0px 1rem; padding: 0px; vertical-align: initial;"><br /></p><p style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-rg, Arial, Helvetica, sans-serif; font-size: 16px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px 0px 1rem; padding: 0px; vertical-align: initial;"><span style="font-family: as-sans-md, Arial, Helvetica, sans-serif; font-size: 1.75rem; font-style: inherit; font-variant-caps: inherit; font-variant-ligatures: inherit;"><b>Your car</b></span></p><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 400; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><span style="font-size: small;">Certain types of cars cost more to insure. However, if you drive a vehicle with built-in security features, such as anti-theft devices, you may qualify for discounts on your car insurance premium<span style="font-family: inherit; font-style: inherit; font-variant-caps: inherit; font-variant-ligatures: inherit; font-weight: inherit;">.</span></span></h2><div><span style="font-size: small;"><span style="font-family: inherit; font-style: inherit; font-variant-caps: inherit; font-variant-ligatures: inherit; font-weight: inherit;"><br /></span></span></div><div><span style="font-size: small;"><span style="font-family: inherit; font-style: inherit; font-variant-caps: inherit; font-variant-ligatures: inherit; font-weight: inherit;"><br /></span></span></div><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><span style="font-size: x-large;">Your driving habits</span></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><span style="font-size: medium;">Your driving record</span></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 400; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><span style="font-size: small;">If you've been in multiple accidents, your cost for car insurance is likely to be higher than someone with a clean driving record. If you're a new driver and have not had insurance before, chances are you'll pay more for car insurance.</span></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><span style="font-size: medium;">How much you drive</span></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 400; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><span style="font-size: small;">Insurers typically look at how much you use your car. Someone who has a long commute to work may pay more for insurance than someone who only uses their vehicle to run errands on weekends — since more miles behind the wheel mean more exposure to risk.</span></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 400; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><br /></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><span style="font-size: x-large;">Demographic factors</span></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><span style="font-size: medium;">Where you live and park your car</span></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 400; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><span style="font-size: small;">Where you live and where you park your car overnight may affect your car insurance premium. Urban neighborhoods typically have higher rates of accidents, theft and vandalism than more rural areas, which means premiums may be higher.</span></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><span style="font-style: inherit; font-variant-caps: inherit; font-variant-ligatures: inherit;"><span style="font-size: medium;">Your age and gender</span></span></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 400; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><span style="font-size: medium;">Your age and gender may also impact your car insurance premium. Younger, less experienced drivers often pay more for car insurance than older drivers.</span></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 400; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><br /></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 400; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><span style="font-size: x-large;">The coverages, limits and deductibles you choose</span></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 400; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><br /></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><span style="font-size: medium;">The type of coverage</span></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 400; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><span style="font-size: small;">The coverages you choose may affect the cost of your car insurance premium. Most states have some auto insurance requirements<span style="font-family: inherit; font-style: inherit; font-variant-caps: inherit; font-variant-ligatures: inherit; font-weight: inherit;">, typically involving </span>liability coverage<span style="font-family: inherit; font-style: inherit; font-variant-caps: inherit; font-variant-ligatures: inherit; font-weight: inherit;">. Coverages that are also typically included in a car insurance policy are comprehensive coverage, </span>collision<span style="font-family: inherit; font-style: inherit; font-variant-caps: inherit; font-variant-ligatures: inherit; font-weight: inherit;"> coverage, </span>uninsured/underinsured motorist<span style="font-family: inherit; font-style: inherit; font-variant-caps: inherit; font-variant-ligatures: inherit; font-weight: inherit;"> coverage, and medical payments or personal injury protection, depending on the state. There are also optional protections you may want to consider such as towing and labor costs, rental reimbursement and sound system coverage.</span></span></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><span style="font-size: medium;"><br /></span></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><span style="font-size: medium;">Your limits and deductibles</span></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 400; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><span style="font-size: small;">A limit is the maximum amount your policy will pay toward a covered loss. Typically, each coverage in a policy has its own limit, and you may be able to adjust it based on your needs. You'll likely find that the more coverage you purchase, the higher your premium may be. Your deductible — the amount you agree to pay before your insurance kicks in to help pay for a covered loss — also plays a role in the amount of your premium. Generally, you may find that setting a higher deductible means you'll pay less for your policy.</span></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 400; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><br /></h2><h2 class="comp-head-side" style="background-color: white; border: 0px; box-sizing: border-box; color: #2f3847; font-family: as-sans-md, Arial, Helvetica, sans-serif; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 400; line-height: 1.1; margin: 0px 0px 0.5rem; padding: 0px; vertical-align: initial;"><span style="font-size: small;">Your insurance provider can help you decide which limits, deductibles and coverages are right for you. They can also help identify any discounts for which you may qualify.</span></h2></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-35038762070002096652021-04-03T10:05:00.001+05:002022-07-31T00:43:10.626+05:00The Four Important Features of Car Insurance Policies<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZx2XhO8CuReMBSYxOm9EMAfOWRtJxachlrdCse-X3_c_bAIUEEJJzG_VdUL3ortV7k_5JV1FyMo878gbvL3DJGQC1PAFe4WJUf0TUoT8vKBpKnfDwukT257FaMVFuGpXrNvTGeORTQ0fIvlTcxIQ4C8CulF7neVs_5hyN-_FognYctlt7d_rS3-lz/s660/Vehicle-Insurance.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="413" data-original-width="660" height="340" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZx2XhO8CuReMBSYxOm9EMAfOWRtJxachlrdCse-X3_c_bAIUEEJJzG_VdUL3ortV7k_5JV1FyMo878gbvL3DJGQC1PAFe4WJUf0TUoT8vKBpKnfDwukT257FaMVFuGpXrNvTGeORTQ0fIvlTcxIQ4C8CulF7neVs_5hyN-_FognYctlt7d_rS3-lz/w544-h340/Vehicle-Insurance.jpg" width="544" /></a></div><br /><h1 class="title" data-ada-not-tabbable="true" data-ada-original-font-size="24" data-ada-original-font-weight="400" itemprop="headline" style="background-color: rgba(255, 255, 255, 0.75); border: 0px; box-sizing: border-box; color: #8a65c4; font-family: Lora; line-height: 1.1; margin: 10px 0px 5px; padding: 5px 0px 10px; text-align: center;"><span style="font-size: x-large;"> The Four Important Features of Car Insurance Policies</span></h1><div><span style="font-size: x-large;"><br /></span></div><div><p data-ada-original-font-size="16" data-ada-original-font-weight="400" style="background-color: rgba(255, 255, 255, 0.75); box-sizing: border-box; font-family: "Roboto Condensed"; font-size: 16px; margin: 0px 0px 10px;"><span data-ada-not-tabbable="true" data-ada-original-font-size="16" data-ada-original-font-weight="400" style="box-sizing: border-box;">There are four important features that come with a car insurance policy that you will want to be aware of. These features are bodily injury coverage, property damage coverage, comprehensive coverage and collision coverage.</span></p><p data-ada-original-font-size="16" data-ada-original-font-weight="400" style="background-color: rgba(255, 255, 255, 0.75); box-sizing: border-box; font-family: "Roboto Condensed"; font-size: 16px; margin: 0px 0px 10px;"><span data-ada-not-tabbable="true" data-ada-original-font-size="16" data-ada-original-font-weight="400" style="box-sizing: border-box;">Bodily injury and property damage coverage, commonly referred to as liability coverage, are required in most states. Comprehensive and collision coverage can be added to your auto policy if you choose. In some cases comprehensive and collision coverage are required by the company from which you are leasing or financing your vehicle. </span></p><p data-ada-original-font-size="16" data-ada-original-font-weight="400" style="background-color: rgba(255, 255, 255, 0.75); box-sizing: border-box; font-family: "Roboto Condensed"; font-size: 16px; margin: 0px 0px 10px;"><strong data-ada-original-font-size="16" style="box-sizing: border-box;">Bodily Injury Coverage</strong></p><p data-ada-original-font-size="16" data-ada-original-font-weight="400" style="background-color: rgba(255, 255, 255, 0.75); box-sizing: border-box; font-family: "Roboto Condensed"; font-size: 16px; margin: 0px 0px 10px;"><span data-ada-not-tabbable="true" data-ada-original-font-size="16" data-ada-original-font-weight="400" style="box-sizing: border-box;">If you are found at fault for any car accident, bodily injury coverage is going to help pay any accident-related expenses that the other party endured. This coverage will pay medical fees, lost wages and pain and suffering to the other party. Bodily injury coverage can also help pay your legal fees in the case that the other party decides to sue for further damages. </span></p><p data-ada-original-font-size="16" data-ada-original-font-weight="400" style="background-color: rgba(255, 255, 255, 0.75); box-sizing: border-box; font-family: "Roboto Condensed"; font-size: 16px; margin: 0px 0px 10px;"><strong data-ada-original-font-size="16" style="box-sizing: border-box;">Property Damage Coverage</strong></p><p data-ada-original-font-size="16" data-ada-original-font-weight="400" style="background-color: rgba(255, 255, 255, 0.75); box-sizing: border-box; font-family: "Roboto Condensed"; font-size: 16px; margin: 0px 0px 10px;"><span data-ada-not-tabbable="true" data-ada-original-font-size="16" data-ada-original-font-weight="400" style="box-sizing: border-box;">If you are at fault for any accident you will be responsible for damages that have been done to another vehicle or property. This coverage can help with those expenses.</span></p><p data-ada-original-font-size="16" data-ada-original-font-weight="400" style="background-color: rgba(255, 255, 255, 0.75); box-sizing: border-box; font-family: "Roboto Condensed"; font-size: 16px; margin: 0px 0px 10px;"><span data-ada-not-tabbable="true" data-ada-original-font-size="16" data-ada-original-font-weight="400" style="box-sizing: border-box;">Property damage coverage will pay the cost to repair any other vehicle involved, as well as other damages done to a property that can include fence damage, damage to the exterior walls of a home and more. This coverage can also pay legal fees in the case that the other party decides to sue for further damages. </span></p><p data-ada-original-font-size="16" data-ada-original-font-weight="400" style="background-color: rgba(255, 255, 255, 0.75); box-sizing: border-box; font-family: "Roboto Condensed"; font-size: 16px; margin: 0px 0px 10px;"><strong data-ada-original-font-size="16" style="box-sizing: border-box;">Comprehensive Coverage</strong></p><p data-ada-original-font-size="16" data-ada-original-font-weight="400" style="background-color: rgba(255, 255, 255, 0.75); box-sizing: border-box; font-family: "Roboto Condensed"; font-size: 16px; margin: 0px 0px 10px;"><span data-ada-not-tabbable="true" data-ada-original-font-size="16" data-ada-original-font-weight="400" style="box-sizing: border-box;">Comprehensive coverage is optional. You may want to consider adding this to your policy because it helps pay for repairs that may be needed for your vehicle in the case of a fire, natural disaster, theft, falling objects and more. This coverage comes into effect only after the deductible has been paid.</span></p><p data-ada-original-font-size="16" data-ada-original-font-weight="400" style="background-color: rgba(255, 255, 255, 0.75); box-sizing: border-box; font-family: "Roboto Condensed"; font-size: 16px; margin: 0px 0px 10px;"><strong data-ada-original-font-size="16" style="box-sizing: border-box;">Collision Coverage</strong></p><p data-ada-original-font-size="16" data-ada-original-font-weight="400" style="background-color: rgba(255, 255, 255, 0.75); box-sizing: border-box; font-family: "Roboto Condensed"; font-size: 16px; margin: 0px 0px 10px;"><span data-ada-not-tabbable="true" data-ada-original-font-size="16" data-ada-original-font-weight="400" style="box-sizing: border-box;">Collision coverage is also optional, but you may consider adding it to your policy because it helps pay for the repair or replacement of your vehicle if your car crashes into another vehicle or rolls over. This coverage comes into effect only after the deductible has been paid and it will only cover the limit that you have selected on your policy.</span></p><p data-ada-original-font-size="16" data-ada-original-font-weight="400" style="background-color: rgba(255, 255, 255, 0.75); box-sizing: border-box; font-family: "Roboto Condensed"; font-size: 16px; margin: 0px 0px 10px;"><span data-ada-not-tabbable="true" data-ada-original-font-size="16" data-ada-original-font-weight="400" style="box-sizing: border-box;">Some of these features and the basics of their coverage may vary depending on the state in which you live. It is important that you speak with your independent insurance agent to discuss exactly what your options are for each of these features. </span></p></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-79608835903755947902021-04-02T23:51:00.007+05:002022-07-31T00:38:28.460+05:00What is auto insurance?<div><br /></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidy6894Qwh7GqAf1DGcIXaxmMC9uGBcZ3SXbKg4wIgrV8n3K2dNeZFJXDoubLZDET5uoj8Y5P_K0FfAjJ7xI_FWS42EwUCV3b4Bv1SVv6H1PY8mbvOJ4x5PR0yM2yD3CbgDTjMb_CdjSJSBgChGngxSEWoAtcQ0vCDSFlC789kY6wmHtgLwca3r7xl/s670/pf-auto-insurance.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="335" data-original-width="670" height="290" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidy6894Qwh7GqAf1DGcIXaxmMC9uGBcZ3SXbKg4wIgrV8n3K2dNeZFJXDoubLZDET5uoj8Y5P_K0FfAjJ7xI_FWS42EwUCV3b4Bv1SVv6H1PY8mbvOJ4x5PR0yM2yD3CbgDTjMb_CdjSJSBgChGngxSEWoAtcQ0vCDSFlC789kY6wmHtgLwca3r7xl/w580-h290/pf-auto-insurance.jpg" width="580" /></a></div><br /><div><br /></div><div><h1 style="-webkit-font-smoothing: antialiased; box-sizing: border-box; color: #1a4d79; font-family: proxima-nova, sans-serif; font-size: 52px; line-height: 1.06; margin: 0px; padding: 30px 0px; position: relative; text-align: center;">What is auto insurance?</h1></div><div><br /></div><div><br /></div><div><p class="large-text" id="1" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; color: #505050; font-family: proxima-nova, sans-serif; font-size: 24px; line-height: 1.29; margin: 0px; padding: 0px 0px 20px;">Basic personal auto insurance is mandated by most states and provides you with some financial protection in case of an accident. But is it enough? What are the options? Learn how car insurance works and what types of coverage are available.</p><hr style="-webkit-font-smoothing: antialiased; background-color: #cdd0d5; border: 0px; box-sizing: border-box; clear: both; color: #505050; float: none; font-family: proxima-nova, sans-serif; font-size: 16px; height: 1px; margin: 5px 0px 22px; padding: 0px;" /><div class="field field-name-body field-type-text-with-summary field-label-hidden" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; color: #505050; font-family: proxima-nova, sans-serif; font-size: 16px; margin: 0px; padding: 0px;"><div class="field-items" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; margin: 0px; padding: 0px;"><div class="field-item even" property="content:encoded" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; margin: 0px; padding: 0px;"><h2 style="-webkit-font-smoothing: antialiased; box-sizing: border-box; color: #1a4d79; font-size: 24px; font-weight: 300; line-height: 1.17; margin: 0px 0px 20px; padding: 0px; position: relative; text-align: inherit;"><a class="jump-a-hide" name="Understanding auto insurance—the basics" style="-webkit-font-smoothing: antialiased; background-attachment: initial, initial, initial; background-clip: initial, initial, initial; background-image: linear-gradient(rgb(255, 255, 255), rgb(255, 255, 255)), linear-gradient(rgb(255, 255, 255), rgb(255, 255, 255)), linear-gradient(rgb(247, 147, 33), rgb(247, 147, 33)); background-origin: initial, initial, initial; background-position: 0px 95%, 100% 95%, 0px 95%; background-repeat: no-repeat, no-repeat, repeat-x; background-size: 0.05em 1px, 0.05em 1px, 1px 1px; box-sizing: border-box; color: #f79321; display: block; font-size: 1px !important; font-weight: inherit; height: 1px !important; line-height: 1.2; margin: 0px !important; overflow-wrap: break-word; overflow: hidden !important; padding: 0px !important; transition: color 200ms ease-out 0s; width: 1px !important;"></a>Understanding auto insurance—the basics</h2><p style="-webkit-font-smoothing: antialiased; box-sizing: border-box; margin: 0px; padding: 0px 0px 20px;">Auto insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy.</p><p style="-webkit-font-smoothing: antialiased; box-sizing: border-box; margin: 0px; padding: 0px 0px 20px;">Auto insurance provides coverage for:</p><ul style="-webkit-font-smoothing: antialiased; box-sizing: border-box; list-style: none; margin: 0px; padding: 0px 0px 0px 15px;"><li style="-webkit-font-smoothing: antialiased; box-sizing: border-box; list-style: disc; margin: 0px; padding: 0px 0px 20px;"><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; font-weight: 700; margin: 0px; padding: 0px;">Property</span> – such as damage to or theft of your car</li><li style="-webkit-font-smoothing: antialiased; box-sizing: border-box; list-style: disc; margin: 0px; padding: 0px 0px 20px;"><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; font-weight: 700; margin: 0px; padding: 0px;">Liability</span> – your legal responsibility to others for bodily injury or property damage</li><li style="-webkit-font-smoothing: antialiased; box-sizing: border-box; list-style: disc; margin: 0px; padding: 0px 0px 20px;"><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; font-weight: 700; margin: 0px; padding: 0px;">Medical</span> – the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses</li></ul><p style="-webkit-font-smoothing: antialiased; box-sizing: border-box; margin: 0px; padding: 0px 0px 20px;">Basic personal auto insurance is mandated by most U.S. states, and laws vary. Auto insurance coverages are priced individually (a la carte) to let you customize coverage amounts to suit your exact needs and budget.</p><p style="-webkit-font-smoothing: antialiased; box-sizing: border-box; margin: 0px; padding: 0px 0px 20px;">Policies are generally issued for six-month or one-year timeframes and are renewable. The insurance company sends a notice when it’s time to renew the policy and pay your premium.</p><h2 style="-webkit-font-smoothing: antialiased; box-sizing: border-box; color: #1a4d79; font-size: 24px; font-weight: 300; line-height: 1.17; margin: 0px 0px 20px; padding: 0px; position: relative; text-align: inherit;"><a class="jump-a-hide" name="Who is covered by my auto insurance—and under what circumstances?" style="-webkit-font-smoothing: antialiased; background-attachment: initial, initial, initial; background-clip: initial, initial, initial; background-image: linear-gradient(rgb(255, 255, 255), rgb(255, 255, 255)), linear-gradient(rgb(255, 255, 255), rgb(255, 255, 255)), linear-gradient(rgb(247, 147, 33), rgb(247, 147, 33)); background-origin: initial, initial, initial; background-position: 0px 95%, 100% 95%, 0px 95%; background-repeat: no-repeat, no-repeat, repeat-x; background-size: 0.05em 1px, 0.05em 1px, 1px 1px; box-sizing: border-box; color: #f79321; display: block; font-size: 1px !important; font-weight: inherit; height: 1px !important; line-height: 1.2; margin: 0px !important; overflow-wrap: break-word; overflow: hidden !important; padding: 0px !important; transition: color 200ms ease-out 0s; width: 1px !important;"></a>Who is covered by my auto insurance—and under what circumstances?</h2><p style="-webkit-font-smoothing: antialiased; box-sizing: border-box; margin: 0px; padding: 0px 0px 20px;">Your auto policy will cover you and other family members on your policy, whether driving your car or someone else’s car (with their permission). Your policy also provides coverage if someone who is not on your policy is driving your car with your consent.</p><p style="-webkit-font-smoothing: antialiased; box-sizing: border-box; margin: 0px; padding: 0px 0px 20px;">Your personal auto policy only covers personal driving, whether you’re commuting to work, running errands or taking a trip. It will <em style="-webkit-font-smoothing: antialiased; box-sizing: border-box; margin: 0px; padding: 0px;">not</em> provide coverage if you use your car for commercial purposes—for instance, if you deliver pizzas.</p><p style="-webkit-font-smoothing: antialiased; box-sizing: border-box; margin: 0px; padding: 0px 0px 20px;">Personal auto insurance will also not provide coverage if you use your car to provide transportation to others through a ride-sharing service such as Uber or Lyft. Some auto insurers, however, are now offering supplemental insurance products (at additional cost) that extend coverage for vehicle owners providing ride-sharing services.</p><h2 style="-webkit-font-smoothing: antialiased; box-sizing: border-box; color: #1a4d79; font-size: 24px; font-weight: 300; line-height: 1.17; margin: 0px 0px 20px; padding: 0px; position: relative; text-align: inherit;"><a class="jump-a-hide" name="Is auto insurance coverage mandatory?" style="-webkit-font-smoothing: antialiased; background-attachment: initial, initial, initial; background-clip: initial, initial, initial; background-image: linear-gradient(rgb(255, 255, 255), rgb(255, 255, 255)), linear-gradient(rgb(255, 255, 255), rgb(255, 255, 255)), linear-gradient(rgb(247, 147, 33), rgb(247, 147, 33)); background-origin: initial, initial, initial; background-position: 0px 95%, 100% 95%, 0px 95%; background-repeat: no-repeat, no-repeat, repeat-x; background-size: 0.05em 1px, 0.05em 1px, 1px 1px; box-sizing: border-box; color: #f79321; display: block; font-size: 1px !important; font-weight: inherit; height: 1px !important; line-height: 1.2; margin: 0px !important; overflow-wrap: break-word; overflow: hidden !important; padding: 0px !important; transition: color 200ms ease-out 0s; width: 1px !important;"></a>Is auto insurance coverage mandatory?</h2><p style="-webkit-font-smoothing: antialiased; box-sizing: border-box; margin: 0px; padding: 0px 0px 20px;">Auto insurance requirements vary from state to state. If you're financing a car, your lender may also have its own requirements. Nearly every state requires car owners to carry:</p><ul style="-webkit-font-smoothing: antialiased; box-sizing: border-box; list-style: none; margin: 0px; padding: 0px 0px 0px 15px;"><li style="-webkit-font-smoothing: antialiased; box-sizing: border-box; list-style: disc; margin: 0px; padding: 0px 0px 20px;"><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; font-weight: 700; margin: 0px; padding: 0px;">Bodily injury liability</span> – which covers costs associated with injuries or death that you or another driver causes while driving your car.</li><li style="-webkit-font-smoothing: antialiased; box-sizing: border-box; list-style: disc; margin: 0px; padding: 0px 0px 20px;"><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; font-weight: 700; margin: 0px; padding: 0px;">Property damage liability</span> – which reimburses others for damage that you or another driver operating your car causes to another vehicle or other property, such as a fence, building or utility pole.</li></ul><p style="-webkit-font-smoothing: antialiased; box-sizing: border-box; margin: 0px; padding: 0px 0px 20px;">In addition, many states require that you carry:</p><ul style="-webkit-font-smoothing: antialiased; box-sizing: border-box; list-style: none; margin: 0px; padding: 0px 0px 0px 15px;"><li style="-webkit-font-smoothing: antialiased; box-sizing: border-box; list-style: disc; margin: 0px; padding: 0px 0px 20px;"><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; font-weight: 700; margin: 0px; padding: 0px;">Medical payments or personal injury protection (PIP)</span>, which provides reimbursement for medical expenses for injuries to you or your passengers. It will also cover lost wages and other related expenses.</li><li style="-webkit-font-smoothing: antialiased; box-sizing: border-box; list-style: disc; margin: 0px; padding: 0px 0px 20px;"><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; font-weight: 700; margin: 0px; padding: 0px;">Uninsured motorist coverage</span> reimburses you when an accident is caused by a driver who does not have auto insurance—or in the case of a hit-and-run. You can also purchase <em style="-webkit-font-smoothing: antialiased; box-sizing: border-box; margin: 0px; padding: 0px;">under</em> insured motorist coverage, which will cover costs when another driver lacks adequate coverage to pay the costs of a serious accident.</li></ul><p style="-webkit-font-smoothing: antialiased; box-sizing: border-box; margin: 0px; padding: 0px 0px 20px;">Even if PIP and uninsured motorist coverage are optional in your state, consider adding them to your policy for greater financial protection.</p><h2 style="-webkit-font-smoothing: antialiased; box-sizing: border-box; color: #1a4d79; font-size: 24px; font-weight: 300; line-height: 1.17; margin: 0px 0px 20px; padding: 0px; position: relative; text-align: inherit;"><a class="jump-a-hide" name="What other types of auto insurance coverage are typical?" style="-webkit-font-smoothing: antialiased; background-attachment: initial, initial, initial; background-clip: initial, initial, initial; background-image: linear-gradient(rgb(255, 255, 255), rgb(255, 255, 255)), linear-gradient(rgb(255, 255, 255), rgb(255, 255, 255)), linear-gradient(rgb(247, 147, 33), rgb(247, 147, 33)); background-origin: initial, initial, initial; background-position: 0px 95%, 100% 95%, 0px 95%; background-repeat: no-repeat, no-repeat, repeat-x; background-size: 0.05em 1px, 0.05em 1px, 1px 1px; box-sizing: border-box; color: #f79321; display: block; font-size: 1px !important; font-weight: inherit; height: 1px !important; line-height: 1.2; margin: 0px !important; overflow-wrap: break-word; overflow: hidden !important; padding: 0px !important; transition: color 200ms ease-out 0s; width: 1px !important;"></a>What other types of auto insurance coverage are typical?</h2><p style="-webkit-font-smoothing: antialiased; box-sizing: border-box; margin: 0px; padding: 0px 0px 20px;">While most basic, legally mandated auto insurance covers the damage your car causes, it does <em style="-webkit-font-smoothing: antialiased; box-sizing: border-box; margin: 0px; padding: 0px;">not</em>cover damage to your own car. To cover your own car, you should consider these optional coverages:</p><ul style="-webkit-font-smoothing: antialiased; box-sizing: border-box; list-style: none; margin: 0px; padding: 0px 0px 0px 15px;"><li style="-webkit-font-smoothing: antialiased; box-sizing: border-box; list-style: disc; margin: 0px; padding: 0px 0px 20px;"><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; font-weight: 700; margin: 0px; padding: 0px;">Collision</span> reimburses you for damage to your car that occurs as a result of a collision with another vehicle or other object—e.g., a tree or guardrail—when you’re at fault. While collision coverage will not reimburse you for mechanical failure or normal wear-and-tear on your car, it will cover damage from potholes or from rolling your car.</li><li style="-webkit-font-smoothing: antialiased; box-sizing: border-box; list-style: disc; margin: 0px; padding: 0px 0px 20px;"><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; font-weight: 700; margin: 0px; padding: 0px;">Comprehensive</span> provides coverage against theft and damage caused by an incident other than a collision, such as fire, flood, vandalism, hail, falling rocks or trees and other hazards—even getting hit by an asteroid!</li><li style="-webkit-font-smoothing: antialiased; box-sizing: border-box; list-style: disc; margin: 0px; padding: 0px 0px 20px;"><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; font-weight: 700; margin: 0px; padding: 0px;">Glass Coverage</span> provides coverage from windshield damage, which is common. Some auto policies include no-deductible glass coverage, which also includes side windows, rear windows and glass sunroofs. Or you can buy supplemental glass coverage.</li></ul><h2 style="-webkit-font-smoothing: antialiased; box-sizing: border-box; color: #1a4d79; font-size: 24px; font-weight: 300; line-height: 1.17; margin: 0px 0px 20px; padding: 0px; position: relative; text-align: inherit;"><a class="jump-a-hide" name="What is gap insurance and do I need it?" style="-webkit-font-smoothing: antialiased; background-attachment: initial, initial, initial; background-clip: initial, initial, initial; background-image: linear-gradient(rgb(255, 255, 255), rgb(255, 255, 255)), linear-gradient(rgb(255, 255, 255), rgb(255, 255, 255)), linear-gradient(rgb(247, 147, 33), rgb(247, 147, 33)); background-origin: initial, initial, initial; background-position: 0px 95%, 100% 95%, 0px 95%; background-repeat: no-repeat, no-repeat, repeat-x; background-size: 0.05em 1px, 0.05em 1px, 1px 1px; box-sizing: border-box; color: #f79321; display: block; font-size: 1px !important; font-weight: inherit; height: 1px !important; line-height: 1.2; margin: 0px !important; overflow-wrap: break-word; overflow: hidden !important; padding: 0px !important; transition: color 200ms ease-out 0s; width: 1px !important;"></a>What is gap insurance and do I need it?</h2><p style="-webkit-font-smoothing: antialiased; box-sizing: border-box; margin: 0px; padding: 0px 0px 20px;">Collision and comprehensive only cover the market value of your car, not what you paid for it—and new cars depreciate quickly. If your car is totaled or stolen, there may be a “gap” between what you owe on the vehicle and your insurance coverage. To cover this, you may want to look into purchasing gap insurance to pay the difference. Note that for leased vehicles, gap coverage is usually rolled into your lease payments.</p></div></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-73837057642440573882021-04-01T21:03:00.007+05:002022-07-31T00:32:40.413+05:005 Reasons You Should Consider Athlete Insurance<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5sAmlUVgHwuoiIZKz2IMkh1csRC6cFFRoFk4pXkeeSAk4WPXxLFKmuYQjCTua3H1QOCzpnQ1qpoJcs76Gn4Bf1ZqFfJ2L9zc4ywH83g_PfNaxIjmoCLY6-ye5EsbV2sklcZLYI5j1EpYmRFKyktcasJakCDWNINTsTaVQf9ZsgQqYClHR3ZnLBsAU/s1400/1_fbPAgm01ORPFDpv5A1_QKw.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1039" data-original-width="1400" height="315" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5sAmlUVgHwuoiIZKz2IMkh1csRC6cFFRoFk4pXkeeSAk4WPXxLFKmuYQjCTua3H1QOCzpnQ1qpoJcs76Gn4Bf1ZqFfJ2L9zc4ywH83g_PfNaxIjmoCLY6-ye5EsbV2sklcZLYI5j1EpYmRFKyktcasJakCDWNINTsTaVQf9ZsgQqYClHR3ZnLBsAU/w426-h315/1_fbPAgm01ORPFDpv5A1_QKw.jpeg" width="426" /></a></div><br /><h1 class="elementor-heading-title elementor-size-default" style="background-color: white; box-sizing: border-box; color: #09082d; font-family: Scene, sans-serif; font-size: 2.2em; font-weight: 400; line-height: 1.2em; margin: 0px; overflow-wrap: break-word; padding: 0px;"><br /></h1><h1 class="elementor-heading-title elementor-size-default" style="background-color: white; box-sizing: border-box; color: #09082d; font-family: Scene, sans-serif; font-size: 2.2em; font-weight: 400; line-height: 1.2em; margin: 0px; overflow-wrap: break-word; padding: 0px;"><br /></h1><h1 class="elementor-heading-title elementor-size-default" style="background-color: white; box-sizing: border-box; color: #09082d; font-family: Scene, sans-serif; font-size: 2.2em; font-weight: 400; line-height: 1.2em; margin: 0px; overflow-wrap: break-word; padding: 0px;">5 Reasons You Should Consider Athlete Insurance</h1><div><br /></div><div><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">Whether you are an athlete, parent, coach, organizer, volunteer or anyone else involved in athletics at any level, athlete insurance is a wise investment. The world of athletics is complex and affected by many variables outside of your control. Protect yourself, your team, your club, your organization, and even your finances with athlete insurance policies that meet your needs.</p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;"> </p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">Your ESP Specialty team have compiled a list of five reasons you should consider athlete insurance. Before we get into that information, let’s start by taking a closer look at athlete insurance and the different types of policies that may be relevant to you.</p><h2 style="background-color: white; box-sizing: border-box; color: var(--e-global-color-e23e902); font-family: Scene, sans-serif; font-size: 1.6em; font-weight: 500; line-height: 1.2em; margin-bottom: 1rem; margin-top: 0.5rem; overflow-wrap: break-word;">What is athlete insurance?</h2><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">Athletic or athlete insurance policies come in many forms. The phrase can refer to any number of policies related to the large and complicated world of athletics. These types of insurance policies can be used in a wide variety of ways to protect various relevant people, items, and situations:</p><ul style="background: rgb(255, 255, 255); border: 0px; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 0px; margin-top: 0px; outline: 0px; overflow-wrap: break-word; vertical-align: baseline;"><li style="background: transparent; border: 0px; box-sizing: border-box; margin-bottom: 0px; margin-top: 0px; outline: 0px; vertical-align: baseline;">Youth, middle school, high school, college, and professional athletes & teams</li><li style="background: transparent; border: 0px; box-sizing: border-box; margin-bottom: 0px; margin-top: 0px; outline: 0px; vertical-align: baseline;">Coaches, event organizers, volunteers, board members & other leaders</li><li style="background: transparent; border: 0px; box-sizing: border-box; margin-bottom: 0px; margin-top: 0px; outline: 0px; vertical-align: baseline;">Equipment and league, team, club finances</li><li style="background: transparent; border: 0px; box-sizing: border-box; margin-bottom: 0px; margin-top: 0px; outline: 0px; vertical-align: baseline;">Bystander(also known as spectator) injuries or 3<span style="box-sizing: border-box; font-size: 12px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">rd</span> party property damage</li><li style="background: transparent; border: 0px; box-sizing: border-box; margin-bottom: 0px; margin-top: 0px; outline: 0px; vertical-align: baseline;">Crime Coverage</li><li style="background: transparent; border: 0px; box-sizing: border-box; margin-bottom: 0px; margin-top: 0px; outline: 0px; vertical-align: baseline;">Directors and Officers</li><li style="background: transparent; border: 0px; box-sizing: border-box; margin-bottom: 0px; margin-top: 0px; outline: 0px; vertical-align: baseline;">And more!</li></ul><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">Athlete-related insurance needs can vary widely. Because of this, many relevant types of insurance policies exist to cater to their unique situations.</p><h4 style="background-color: white; box-sizing: border-box; color: var(--e-global-color-d7a8302); font-family: Scene, sans-serif; font-size: 1.3em; font-weight: 500; line-height: 1.2em; margin-bottom: 1rem; margin-top: 0.5rem; overflow-wrap: break-word;">Types of insurance for athletes</h4><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">When considering the various types of insurance policies available for the wide range of athletic needs, it’s essential to look at the situation from various perspectives. For example, an individual college athlete will need different types of insurance in comparison to the coaches or managers of college or professional athletic teams.</p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;"> </p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">Here are some examples of relevant insurance for athletes:</p><ul style="background: rgb(255, 255, 255); border: 0px; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 0px; margin-top: 0px; outline: 0px; overflow-wrap: break-word; vertical-align: baseline;"><li style="background: transparent; border: 0px; box-sizing: border-box; margin-bottom: 0px; margin-top: 0px; outline: 0px; vertical-align: baseline;"><span style="box-sizing: border-box; font-weight: bolder;">Disability insurance for athletes</span> protects college and professional athletes who may lose significant earnings if a temporary or permanent injury prevents them from competing. Disability insurance provides financial protection in case this happens.<ul style="background: transparent; border: 0px; box-sizing: border-box; margin-bottom: 0px; margin-top: 0px; outline: 0px; overflow-wrap: break-word; vertical-align: baseline;"><li style="background: transparent; border: 0px; box-sizing: border-box; margin-bottom: 0px; margin-top: 0px; outline: 0px; vertical-align: baseline;">Athletes who suffer injuries may qualify for disability insurance payouts from their league or organization. In these cases, insurance also exists to help protect the organization’s financial health as they fulfill their financial responsibilities to the athlete.</li></ul></li><li style="background: transparent; border: 0px; box-sizing: border-box; margin-bottom: 0px; margin-top: 0px; outline: 0px; vertical-align: baseline;"><span style="box-sizing: border-box; font-weight: bolder;">Loss of value insurance</span> is relevant for athletes who suffer a significant injury or illness but are not entirely disabled from competing. This type of insurance protects the athlete’s potential future contract value from decreasing below a set limit.<ul style="background: transparent; border: 0px; box-sizing: border-box; margin-bottom: 0px; margin-top: 0px; outline: 0px; overflow-wrap: break-word; vertical-align: baseline;"><li style="background: transparent; border: 0px; box-sizing: border-box; margin-bottom: 0px; margin-top: 0px; outline: 0px; vertical-align: baseline;">For example, suppose a college athlete is expecting to receive a contract after college but experiences an injury that causes the contract value to decrease. In that case, they may be eligible for an insurance payout.</li></ul></li><li style="background: transparent; border: 0px; box-sizing: border-box; margin-bottom: 0px; margin-top: 0px; outline: 0px; vertical-align: baseline;"><span style="box-sizing: border-box; font-weight: bolder;">Sports league insurance</span> describes general athletic insurance policies that protect teams, clubs, & leagues with coverages such as General Liability, Excess Accident Medical, Directors & Officers, Inland Marine, and Crime Protection.<ul style="background: transparent; border: 0px; box-sizing: border-box; margin-bottom: 0px; margin-top: 0px; outline: 0px; overflow-wrap: break-word; vertical-align: baseline;"><li style="background: transparent; border: 0px; box-sizing: border-box; margin-bottom: 0px; margin-top: 0px; outline: 0px; vertical-align: baseline;"><span style="box-sizing: border-box; font-weight: bolder;">Crime Protection</span> is a smart move to protect your organization’s funds from theft, embezzlement, and other crimes. Learn about three reasons you should add crime coverage to your sports insurance policy.</li><li style="background: transparent; border: 0px; box-sizing: border-box; margin-bottom: 0px; margin-top: 0px; outline: 0px; vertical-align: baseline;"><span style="box-sizing: border-box; font-weight: bolder;">Inland Marine Insurance</span> is a useful policy if your sport uses expensive equipment. This policy helps insure your equipment for situations such as damage during transportation or storage.</li></ul></li><li style="background: transparent; border: 0px; box-sizing: border-box; margin-bottom: 0px; margin-top: 0px; outline: 0px; vertical-align: baseline;"><span style="box-sizing: border-box; font-weight: bolder;">Contractual bonus insurance</span> is relevant for companies or organizations that partner with athletes or teams. Sponsored athletes can earn contractual bonuses for excellent performance, but paying out these bonuses can hit the sponsor organization hard. Contractual bonus insurance is an excellent solution.</li></ul><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">Many other insurance policies can be relevant for athletes, athletic organizations, and others involved in the athletic world. ESP specializes in navigating the complexities of athletic insurance to help protect your financial health in all types of situations.</p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;"> </p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">Learn more about some of the athletic insurance programs we offer, and let us know if we can answer any specific questions for you. In the meantime, read on to learn about five reasons you should consider athlete insurance.</p><h2 style="background-color: white; box-sizing: border-box; color: var(--e-global-color-e23e902); font-family: Scene, sans-serif; font-size: 1.6em; font-weight: 500; line-height: 1.2em; margin-bottom: 1rem; margin-top: 0.5rem; overflow-wrap: break-word;">1. Athlete insurance can cover various levels and sports</h2><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">Athlete insurance is necessary for athletes at all levels. Parents and coaches of athletes who are in high school or younger should consider various policy options to protect players, volunteers, coaches, equipment, finances, and more. Protecting young players is especially critical, the reason for which being that not all athletes are covered by family insurance.</p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;"> </p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">Athlete insurance is also vital for college and professional athletes because the player’s future can be put at risk by injuries or disabilities. In these situations, your coverage limit, deductible amount, and other costs can all depend on the sport or position you play as well as your general health.</p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;"> </p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">For example, college and professional athletes may be asked to provide documentation of a recent physical exam to show their “baseline” health. Athletes with pre-existing health conditions may need to pay a higher premium for their disability insurance policy.</p><h2 style="background-color: white; box-sizing: border-box; color: var(--e-global-color-e23e902); font-family: Scene, sans-serif; font-size: 1.6em; font-weight: 500; line-height: 1.2em; margin-bottom: 1rem; margin-top: 0.5rem; overflow-wrap: break-word;">2. Athlete insurance can protect players, teams, and more</h2><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">The world of athletics deals with many complex variables. Players can get injured, things can go wrong during travel, expensive equipment can become damaged, and coaches can be subject to lawsuits for breaches of duty or misuse of funds, just to name a few. Since insurance for athletes comes in many forms, there are relevant policies to cover almost any scenario.</p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;"> </p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">Our overview of what your sports league insurance should cover is a useful guide to help you start thinking about the appropriate policies and coverages you might need for your unique situation. If you haven’t thought about travel insurance, crime coverage, and other specific policies, our experts can also help you determine if these insurance types are suitable for you.</p><h2 style="background-color: white; box-sizing: border-box; color: var(--e-global-color-e23e902); font-family: Scene, sans-serif; font-size: 1.6em; font-weight: 500; line-height: 1.2em; margin-bottom: 1rem; margin-top: 0.5rem; overflow-wrap: break-word;">3. Athlete insurance can prepare you for unexpected or unwanted situations</h2><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">The pandemic has shown us firsthand how unexpected situations can have far-reaching impacts on the physical, financial, and organizational well-being of athletes and teams at all levels. Professional, college, high school, and even younger athletic leagues have all felt these effects. Learn more in our resource on insuring youth sports teams in the age of coronavirus.</p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;"> </p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">Sickness, injury, travel, property damage, and other unexpected or unwanted situations are all very real and plausible occurrences. Athletic insurance policies can help prepare you to handle them with minimal loss so you can maintain financial health.</p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;"> </p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">For example, if your sport holds tournaments, races, or other competitions, have you thought about how the competitive spirit can increase the potential for injury and property damage among the attendees, not just the athletes? Tournament insurance, accident medical insurance, and other policies can protect your financial interests in the event of the unexpected.</p><h2 style="background-color: white; box-sizing: border-box; color: var(--e-global-color-e23e902); font-family: Scene, sans-serif; font-size: 1.6em; font-weight: 500; line-height: 1.2em; margin-bottom: 1rem; margin-top: 0.5rem; overflow-wrap: break-word;">Athlete insurance can protect your scholarship opportunities</h2><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">As described above, athletic scholarship protection insurance provides peace of mind for student-athletes who have earned scholarships to attend college. Accidents and injuries that prevent college athletes from competing for their college as planned should not prevent them from getting a valuable college education.</p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;"> </p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">In these situations, athletic scholarships insurance can help ensure the student-athlete is still able to attend their scholarship school. A college education is a critical stepping stone to a secure future, whether the student chooses to pursue an athletic career or not. College athletes should not have to risk their opportunities and futures as they continue training and competing.</p><h2 style="background-color: white; box-sizing: border-box; color: var(--e-global-color-e23e902); font-family: Scene, sans-serif; font-size: 1.6em; font-weight: 500; line-height: 1.2em; margin-bottom: 1rem; margin-top: 0.5rem; overflow-wrap: break-word;">5. Athlete insurance can protect your career & future</h2><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">For college athletes hoping to get drafted or professional athletes whose income depends on their athletic performance, athletic insurance can provide financial protection in the event of permanent or temporary injury, disability, or loss of value.</p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;"> </p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">Example insurance policies that can help protect your career include Exceptional Student-Athlete Disability Insurance, Permanent Total Disability Insurance, Temporary Total Disability Insurance, and Athlete Loss-of-Value Insurance. Loss-of-value insurance is typically purchased as additional coverage on a permanent total disability insurance policy.</p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;"> </p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">Professional athletes should always have some form of disability insurance to hedge against the risk that they may be too ill or injured to work, particularly if their sports season provides a relatively short window of playable time. College athletes should also protect themselves in this way so that if something affects their physical health before they can play professionally, their financial health will remain intact.</p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;"> </p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;"> </p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">Athlete insurance policies provide peace of mind that if you get sick or hurt, you’ll still be able to protect your career, your future, and your financial health. You can find athletic insurance policies that cover any situations you can think of, including travel, equipment, bodily injury, and property damage.</p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;"> </p><p style="background-color: white; box-sizing: border-box; font-family: Scene, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px; overflow-wrap: break-word;">The people and situations that can benefit from athlete insurance range widely, from athletes to coaches, from event organizers to sponsor organizations, and everyone in between. No matter who you are and what your situation is, your experts at ESP Specialty can answer your questions and help you figure out what policies you need for comprehensive protection at the best prices.</p></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-40899621659876861622021-03-31T21:52:00.004+05:002022-07-31T00:23:30.861+05:00Professional Athlete Disability Insurance<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPQNCv8DOstvTR2FSYgGQBHfEt_WmnO-b5wJo0uWbkpK8SWQB7JJ-a7CtmcT04W7K_q52DEzYbOZbfNWUZzkd2eK22HNbBGZk66AGrpaOOGqNnsKm3vovOJ3lz7MT7v9t3BvXiYGod3I3hJ4b8PYvT8k5Ou5O-27KhBsMRXjxZcmNz9KHe1Hlq4_5l/s500/athlete-disability.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="334" data-original-width="500" height="322" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPQNCv8DOstvTR2FSYgGQBHfEt_WmnO-b5wJo0uWbkpK8SWQB7JJ-a7CtmcT04W7K_q52DEzYbOZbfNWUZzkd2eK22HNbBGZk66AGrpaOOGqNnsKm3vovOJ3lz7MT7v9t3BvXiYGod3I3hJ4b8PYvT8k5Ou5O-27KhBsMRXjxZcmNz9KHe1Hlq4_5l/w482-h322/athlete-disability.jpg" width="482" /></a></div><br /><h1 class="page-title" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; color: #1c5c9c; font-family: "Roboto Slab", Georgia, Times, "Times New Roman", serif; font-size: 36px; font-weight: normal; line-height: normal; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><br /></h1><h1 class="page-title" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; color: #1c5c9c; font-family: "Roboto Slab", Georgia, Times, "Times New Roman", serif; font-size: 36px; font-weight: normal; line-height: normal; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Professional Athlete Disability Insurance</h1><div><br /></div><div><h3 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-family: "Roboto Slab", Georgia, Times, "Times New Roman", serif; font-size: 21px; font-weight: normal; line-height: normal; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;">High Limit Professional Athlete Insurance including Temporary Total Disability, Permanent Total Disability, and Accidental Death & Dismemberment for Individual Athletes and Teams, etc.</h3><p class="ins_sub_highlight" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-family: Roboto, Helvetica, Arial, sans-serif; font-size: 16px; margin: 15px 0px 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Get the Broadest Protection Available in the Marketplace for the Lowest Possible Cost!</span></p><ul style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; font-family: Roboto, Helvetica, Arial, sans-serif; font-size: 16px; list-style-image: initial; list-style-position: initial; margin: 15px 0px 15px 30px; outline: 0px; padding: 0px; vertical-align: baseline;"><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Don’t Gamble Your Livelihood Or The Financial Survival Of Your Team With An Inferior Program That May Contain Hidden Exclusions and Pitfalls That May Result In An Unexpected Denial Of Your Claim.</li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">We Shop The Entire Marketplace On Your Behalf So That You Don’t Have To Waste Your Time Explaining Your Needs To Multiple Brokers!</li></ul><p class="box_heading text-center" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-family: Roboto, Helvetica, Arial, sans-serif; font-size: 16px; margin: 15px 0px 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">MILLIONS OF DOLLARS AT RISK</span></p><ul style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; font-family: Roboto, Helvetica, Arial, sans-serif; font-size: 16px; list-style-image: initial; list-style-position: initial; margin: 15px 0px 15px 30px; outline: 0px; padding: 0px; vertical-align: baseline;"><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Professional Athletes (and College Draft Choices) Loss of Future Earnings Insurance</span><br />From the point of view of the professional athlete, a lifetime’s worth of income (perhaps millions of dollars) is compressed into an expected career that may only last for several years. An unexpected death, injury, accident, or illness can cut off this income stream at any moment resulting in a financial catastrophe to the athlete and his family. The athlete may be under a contract that guarantees his income for a certain period of time, but what happens when the contract term expires? The risks and dollars involved are just too big to roll the dice without insurance protection!</li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Teams With Professional Athletes Under Contract – Contract Completion Insurance</span><br />From the point of view of the team, an unexpected death, injury, accident, or illness to a star athlete under contract can result in lost ticket sales and a guaranteed salary that must be paid to the injured athlete who can’t perform. A team can easily be strapped with Millions Of Dollars of financial losses at a time that these resources are most needed to pick up additional talent.</li></ul><h3 class="box_heading text-center" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-family: "Roboto Slab", Georgia, Times, "Times New Roman", serif; font-size: 21px; font-weight: normal; line-height: normal; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;">CUSTOMIZED INSURANCE SOLUTIONS</h3><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-family: Roboto, Helvetica, Arial, sans-serif; font-size: 16px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Accidental Death & Dismemberment (AD&D)</span></p><div class="box_left" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-family: Roboto, Helvetica, Arial, sans-serif; font-size: 16px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><div class="box" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Individual athletes or teams can purchase Accidental Death & Dismemberment. Teams face catastrophic travel risks as a single accident could potentially wipe out the entire team. AD&D can be purchased on the entire team or on specified individual players on the team.</p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.sadlersports.com/wp-content/uploads/athletedisability-add.pdf" style="-webkit-tap-highlight-color: rgb(236, 7, 16); background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #ec0710; margin: 0px; padding: 0px; vertical-align: baseline;">Click here to print a Quick Quote Application</a> (PDF Format)</p><div class="box_yellow text-center" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Temporary Total Disability (TDD)</span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Temporary Total Disability protects athletes or teams against the inability of a player to perform due to injury or illness for a short period of time such as a season.</p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;">When a team purchases this coverage on an athlete, athletes can be compensated even when they can’t play and the team will not suffer a financial drain. This can be an important incentive to the athlete.</p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.sadlersports.com/wp-content/uploads/athletedisability-tdd-ptd.pdf" style="-webkit-tap-highlight-color: rgb(236, 7, 16); background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #ec0710; margin: 0px; padding: 0px; vertical-align: baseline;">Click here to print a Quick Quote Application</a> (PDF Format)</p><div class="box_yellow text-center" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"></div><div class="box_yellow text-center" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Permanent Total Disability (PTD)</span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Permanent Total Disability protects athletes or teams against career ending injuries or illnesses. Before benefits are payable, a doctor must certify that the injury or illness is career ending after a certain waiting period such as twelve months.</p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.sadlersports.com/wp-content/uploads/athletedisability-tdd-ptd.pdf" style="-webkit-tap-highlight-color: rgb(236, 7, 16); background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #ec0710; margin: 0px; padding: 0px; vertical-align: baseline;">Click here to print a Quick Quote Application</a> (PDF Format)</p><div class="box_yellow text-center" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"></div><div class="box_yellow text-center" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Cost of Agents and Managers</span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Athletes who are away from the “public eye” while recovering from a disability need to keep their agents and managers busy in promoting the athlete’s value to potential recipients of their services. Insurance can be purchased to pay for the fees of such agents and managers for their continued promotion services.</p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.sadlersports.com/sports-insurance-contact.php" style="-webkit-tap-highlight-color: rgb(236, 7, 16); background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #ec0710; margin: 0px; padding: 0px; vertical-align: baseline;">Call or Email Sadler & Company to request a quote</a></p><div class="box_yellow text-center" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">College Athletes to be Drafted</span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;">College athletes that are talented enough to be drafted have an economic interest that should be protected against unexpected injury. Such an injury, whether sustained in a college game, or in a game of pickup basketball, could jeopardize the future income potential of the athlete without this important coverage.</p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.sadlersports.com/sports-insurance-contact.php" style="-webkit-tap-highlight-color: rgb(236, 7, 16); background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #ec0710; margin: 0px; padding: 0px; vertical-align: baseline;">Call or Email Sadler & Company to request a quote</a></p></div></div><div class="box_right" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-family: Roboto, Helvetica, Arial, sans-serif; font-size: 16px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><div class="box" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><div class="box_yellow text-center" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Team Stop Loss</span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Many teams can’t afford to buy Temporary Total Disability insurance or Permanent Total Disability insurance on all of its players. Therefore, they may only buy these coverages on several key players while self insuring their exposure for the rest of the team. Other teams may self insure this exposure on all of their players. But, what happens if more uninsured players than expected suffer injuries that put them out of action? This could have a disastrous financial impact on any team that self insures this exposure.</p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Team Stop Loss coverage can be a solution to limit a team’s overall exposure to a reasonable level since it kicks in once a team’s out of pocket disability losses exceed a certain predetermined limit. The premium cost for Team Stop Loss coverage is much lower than purchasing first dollar disability insurance on each player and it can protect a team against financial disaster.</p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.sadlersports.com/sports-insurance-contact.php" style="-webkit-tap-highlight-color: rgb(236, 7, 16); background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #ec0710; margin: 0px; padding: 0px; vertical-align: baseline;">Call or Email Sadler & Company to request a quote</a></p><div class="box_yellow text-center" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Image Protection for Manfacturers of Products Endorsed by Athletes</span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Athletes are frequently celebrity spokespersons. However, just one mistake such as an arrest, politically incorrect statement, domestic issue with spouse, drug incident, etc. can destroy their positive image and marketability. You may incur costs to pull products off shelves; change packaging; discontinue print, radio, and TV advertising; or run apology advertising. All of these exposures are insurable.</p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.sadlersports.com/sports-insurance-contact.php" style="-webkit-tap-highlight-color: rgb(236, 7, 16); background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #ec0710; margin: 0px; padding: 0px; vertical-align: baseline;">Call or Email Sadler & Company to request a quote</a></p><div class="box_yellow text-center" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Contractual Bonus for Achieving Predetermined Goals</span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;">It is not uncommon for teams or sponsors to offer contract incentives in the form of large bonuses for athletes who exceed certain predetermined high level goals or statistical benchmarks. Insurance can be purchased to fund these bonuses in the event the athlete achieves the goal.</p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.sadlersports.com/sports-insurance-contact.php" style="-webkit-tap-highlight-color: rgb(236, 7, 16); background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #ec0710; margin: 0px; padding: 0px; vertical-align: baseline;">Call or Email Sadler & Company to request a quote</a></p><div class="box_yellow text-center" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Kidnap, Ransom and Extortion</span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Professional athletes can be targets for kidnap, ransom, and extortion because of their high net worth and celebrity status. A Kidnap, Ransom, And Extortion policy can provide financial resources and professional advice and assistance in dealing with these dangerous situations that require quick actions and decisions.</p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Call or Email Sadler & Company to request a quote</p><div class="box box_border" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"></div></div></div><h3 class="box_heading text-center" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-family: "Roboto Slab", Georgia, Times, "Times New Roman", serif; font-size: 21px; font-weight: normal; line-height: normal; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><br /></h3><div class="box box_border" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-family: Roboto, Helvetica, Arial, sans-serif; font-size: 16px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><hr style="border-bottom: 0px; border-image: initial; border-left: 0px; border-right: 0px; border-top-color: rgb(204, 204, 204); border-top-style: solid; height: 1px; margin: 1em 0px; padding: 0px;" /></div><div class="box_right" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-family: Roboto, Helvetica, Arial, sans-serif; font-size: 16px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"></div><h3 class="box_heading text-center" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-family: "Roboto Slab", Georgia, Times, "Times New Roman", serif; font-size: 21px; font-weight: normal; line-height: normal; margin: 15px 0px 0px; outline: 0px; padding: 0px; vertical-align: baseline;">SPECIALTY AREAS</h3><div class="box_heading text-center" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-family: Roboto, Helvetica, Arial, sans-serif; font-size: 16px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><div class="ezcol ezcol-one-third" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box !important; float: left; hyphens: auto; margin: 0px 37.5938px 0px 0px; outline: 0px; overflow-wrap: break-word; padding: 0px; position: relative; vertical-align: baseline; width: 288.25px;"><ul style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; list-style-image: initial; list-style-position: initial; margin: 15px 0px 15px 30px; max-width: 100%; outline: 0px; padding: 0px; vertical-align: baseline;"><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Athlete Disability Insurance</li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Athlete Loss of Future Earnings Insurance</li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Athlete Temporary Total Disability Insurance</li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Contractual Bonus Insurance</li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Loss of Endorsements Insurance</li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Team Disability Insurance</li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Team Contract Completion Insurance</li></ul></div><div class="ezcol ezcol-one-third" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box !important; float: left; hyphens: auto; margin: 0px 37.5938px 0px 0px; outline: 0px; overflow-wrap: break-word; padding: 0px; position: relative; vertical-align: baseline; width: 288.25px;"><ul style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; list-style-image: initial; list-style-position: initial; margin: 15px 0px 15px 30px; max-width: 100%; outline: 0px; padding: 0px; vertical-align: baseline;"><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Athlete Insurance</li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Athletes to be Drafted Insurance</li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Athlete Permanent Total Disability Insurance</li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Cost of Agents and Managers Insurance</li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Professional Athlete Accidental Death & Dismemberment</li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Team Accidental Death & Dismemberment Insurance</li></ul></div><div class="ezcol ezcol-one-third ezcol-last" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box !important; clear: right; float: right; hyphens: auto; margin: 0px; outline: 0px; overflow-wrap: break-word; padding: 0px; position: relative; vertical-align: baseline; width: 288.25px;"><ul class="three_column" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; list-style-image: initial; list-style-position: initial; margin: 15px 0px 15px 30px; max-width: 100%; outline: 0px; padding: 0px; vertical-align: baseline;"><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Athlete Kidnap and Ransom Insurance</li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Athlete Loss of Value Insurance</li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">College Athlete Disability Insurance</li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Image Protection Insurance</li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Professional Athlete Disability Insurance</li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Team Stop Loss Insurance</li></ul></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-3556889315800059542021-03-31T21:47:00.003+05:002022-07-31T00:18:29.176+05:00Insurance for Professional Athletes<h2 style="background: rgb(244, 244, 244); border: 0px; box-sizing: border-box; color: #3170b7; font-family: Montserrat, Helvetica, Arial, Lucida, sans-serif; font-size: 34px; font-weight: 300; line-height: 1em; margin: 0px; outline: 0px; padding: 0px 0px 10px; text-align: center; text-size-adjust: 100%; vertical-align: baseline;"><br /></h2><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXa0RNjEQ3TCaPAZ0hTQ9PU0_8MA4TV_cNTn8xPhCB8g5SshhYqGW_-f78sj8h9bj2dhE-x5XLw3hnkyEP94aJvbsScp8t7wC6Io-7r46vc5ECMomOZYfz1c4Izj9BDIrcos4LDrCjLDD_1YRY_0Y0LkSnUsJDUksHhklF8gEe7F6C5lBaFQCwf1l3/s750/image.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="500" data-original-width="750" height="306" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXa0RNjEQ3TCaPAZ0hTQ9PU0_8MA4TV_cNTn8xPhCB8g5SshhYqGW_-f78sj8h9bj2dhE-x5XLw3hnkyEP94aJvbsScp8t7wC6Io-7r46vc5ECMomOZYfz1c4Izj9BDIrcos4LDrCjLDD_1YRY_0Y0LkSnUsJDUksHhklF8gEe7F6C5lBaFQCwf1l3/w460-h306/image.jpg" width="460" /></a></div><br /><div><br /></div><div><br /></div><h2 style="background: rgb(244, 244, 244); border: 0px; box-sizing: border-box; color: #3170b7; font-family: Montserrat, Helvetica, Arial, Lucida, sans-serif; font-size: 34px; font-weight: 300; line-height: 1em; margin: 0px; outline: 0px; padding: 0px 0px 10px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;">Insurance for Professional Athletes</h2><div><p style="background: rgb(244, 244, 244); border: 0px; box-sizing: border-box; color: #424242; font-family: Montserrat, Helvetica, Arial, Lucida, sans-serif; font-size: 14px; margin: 0px; outline: 0px; padding: 0px 0px 1em; text-size-adjust: 100%; vertical-align: baseline;">Global Albatross specialises in the health insurance needs of professional athletes and their families, ensuring cover that responds to the unique and diverse pressures on sporting professionals, without limitations as to the type of sport or the changing location of athletes.</p><p style="background: rgb(244, 244, 244); border: 0px; box-sizing: border-box; color: #424242; font-family: Montserrat, Helvetica, Arial, Lucida, sans-serif; font-size: 14px; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;">At Global Albatross we understand a worldwide medical policy is only as good as the benefits that it delivers when its needed, and therefore we work with athletes to determine which plan is the most suitable depending on situation, needs and budget.</p><p style="background: rgb(244, 244, 244); border: 0px; box-sizing: border-box; color: #424242; font-family: Montserrat, Helvetica, Arial, Lucida, sans-serif; font-size: 14px; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><br /></p><div class="et_pb_row et_pb_row_1" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border-radius: 0px !important; border: 0px; box-sizing: border-box; font-family: Montserrat, Helvetica, Arial, Lucida, sans-serif; font-size: 14px; margin: auto; max-width: 1080px; outline: 0px; padding: 30px 0px 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 1080px;"><div class="et_pb_column et_pb_column_4_4 et_pb_column_1 et_pb_css_mix_blend_mode_passthrough et-last-child" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; float: left; margin-bottom: 0px; margin-left: 0px; margin-right: 0px !important; margin-top: 0px; min-height: 1px; mix-blend-mode: unset !important; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 1080px; z-index: 2;"><div class="et_pb_module et_pb_text et_pb_text_2 et_pb_text_align_left et_pb_bg_layout_light" style="animation-duration: 0.2s; animation-timing-function: linear; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; overflow-wrap: break-word; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_text_inner" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline;"><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; color: #3170b7; font-size: 34px; font-weight: 300; line-height: 1em; margin: 0px; outline: 0px; padding: 0px 0px 10px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;">Policy Features</h2></div></div></div></div><div class="et_pb_row et_pb_row_2" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border-radius: 0px !important; border: 0px; box-sizing: border-box; font-family: Montserrat, Helvetica, Arial, Lucida, sans-serif; font-size: 14px; margin: auto; max-width: 1080px; outline: 0px; padding: 30px 0px 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 1080px;"><div class="et_pb_column et_pb_column_1_3 et_pb_column_2 et_pb_css_mix_blend_mode_passthrough" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; float: left; margin: 0px 32.3906px 0px 0px; min-height: 1px; mix-blend-mode: unset !important; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 338.391px; z-index: 2;"><div class="et_pb_module et_pb_blurb et_pb_blurb_0 et_pb_text_align_left et_pb_blurb_position_top et_pb_bg_layout_light" style="animation-duration: 0.2s; animation-timing-function: linear; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; color: rgb(66, 66, 66) !important; margin: 0px; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_blurb_content" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px auto; max-width: 550px; outline: 0px; overflow-wrap: break-word; padding: 0px; position: relative; text-align: center; text-size-adjust: 100%; vertical-align: baseline; width: 338.391px;"><div class="et_pb_main_blurb_image" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; display: inline-block; line-height: 0; margin: 0px 0px 30px; max-width: 100%; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span class="et_pb_image_wrap et_pb_only_image_mode_wrap" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; display: block; margin: auto; max-width: 66%; outline: 0px; padding: 0px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;"><img alt="" class="et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-1025 et-animated" height="150" src="https://globalalbatross.com/wp-content/uploads/2019/07/Plan-Portability.png" style="animation: 1s cubic-bezier(0.77, 0, 0.175, 1) 0s 1 normal none running fadeTop; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border-radius: inherit; border: 0px; box-sizing: border-box; height: auto; margin: 0px; max-width: 100%; opacity: 1; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;" width="150" /></span></div><div class="et_pb_blurb_container" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;"><h3 class="et_pb_module_header" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; color: #3170b7; font-size: 20px; font-weight: 300; line-height: 1em; margin: 0px; outline: 0px; padding: 0px 0px 10px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;">Portable</span></h3><div class="et_pb_blurb_description" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;">All policies cover athletes and their family members no matter the competition location or choice of residence.</p></div></div></div></div></div><div class="et_pb_column et_pb_column_1_3 et_pb_column_3 et_pb_css_mix_blend_mode_passthrough" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; float: left; margin: 0px 32.3906px 0px 0px; min-height: 1px; mix-blend-mode: unset !important; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 338.391px; z-index: 2;"><div class="et_pb_module et_pb_blurb et_pb_blurb_1 et_pb_text_align_left et_pb_blurb_position_top et_pb_bg_layout_light" style="animation-duration: 0.2s; animation-timing-function: linear; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; color: rgb(66, 66, 66) !important; margin: 0px; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_blurb_content" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px auto; max-width: 550px; outline: 0px; overflow-wrap: break-word; padding: 0px; position: relative; text-align: center; text-size-adjust: 100%; vertical-align: baseline; width: 338.391px;"><div class="et_pb_main_blurb_image" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; display: inline-block; line-height: 0; margin: 0px 0px 30px; max-width: 100%; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span class="et_pb_image_wrap et_pb_only_image_mode_wrap" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; display: block; margin: auto; max-width: 66%; outline: 0px; padding: 0px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;"><img alt="" class="et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-2194 et-animated" height="150" src="https://globalalbatross.com/wp-content/uploads/2019/07/no-limitations.png" style="animation: 1s cubic-bezier(0.77, 0, 0.175, 1) 0s 1 normal none running fadeTop; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border-radius: inherit; border: 0px; box-sizing: border-box; height: auto; margin: 0px; max-width: 100%; opacity: 1; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;" width="150" /></span></div><div class="et_pb_blurb_container" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;"><h3 class="et_pb_module_header" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; color: #3170b7; font-size: 20px; font-weight: 300; line-height: 1em; margin: 0px; outline: 0px; padding: 0px 0px 10px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;">No limitations for sporting code</span></h3><div class="et_pb_blurb_description" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;">Cover for professional athletes engaging in any type of sport.</p></div></div></div></div></div></div><div class="et_pb_row et_pb_row_3" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border-radius: 0px !important; border: 0px; box-sizing: border-box; font-family: Montserrat, Helvetica, Arial, Lucida, sans-serif; font-size: 14px; margin: auto; max-width: 1080px; outline: 0px; padding: 30px 0px 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 1080px;"><div class="et_pb_column et_pb_column_1_3 et_pb_column_5 et_pb_css_mix_blend_mode_passthrough" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; float: left; margin: 0px 32.3906px 0px 0px; min-height: 1px; mix-blend-mode: unset !important; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 338.391px; z-index: 2;"><div class="et_pb_module et_pb_blurb et_pb_blurb_3 et_pb_text_align_left et_pb_blurb_position_top et_pb_bg_layout_light" style="animation-duration: 0.2s; animation-timing-function: linear; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; color: rgb(66, 66, 66) !important; margin: 0px; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_blurb_content" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px auto; max-width: 550px; outline: 0px; overflow-wrap: break-word; padding: 0px; position: relative; text-align: center; text-size-adjust: 100%; vertical-align: baseline; width: 338.391px;"><div class="et_pb_main_blurb_image" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; display: inline-block; line-height: 0; margin: 0px 0px 30px; max-width: 100%; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span class="et_pb_image_wrap et_pb_only_image_mode_wrap" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; display: block; margin: auto; max-width: 66%; outline: 0px; padding: 0px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;"><br /></span><span class="et_pb_image_wrap et_pb_only_image_mode_wrap" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; display: block; margin: auto; max-width: 66%; outline: 0px; padding: 0px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;"><img alt="" class="et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-1036 et-animated" height="150" src="https://globalalbatross.com/wp-content/uploads/2019/07/Nil-excess-for-specific-benefits.png" style="animation: 1s cubic-bezier(0.77, 0, 0.175, 1) 0s 1 normal none running fadeTop; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border-radius: inherit; border: 0px; box-sizing: border-box; height: auto; margin: 0px; max-width: 100%; opacity: 1; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;" width="150" /></span></div><div class="et_pb_blurb_container" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;"><h3 class="et_pb_module_header" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; color: #3170b7; font-size: 20px; font-weight: 300; line-height: 1em; margin: 0px; outline: 0px; padding: 0px 0px 10px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;">Nil excess for specific benefits</span></h3><div class="et_pb_blurb_description" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;">The excess is cumulative, per person, per policy year and is waived for routine health checks, ground and air ambulance services, stem cells, first hospitalisation from serious accident, child wellness and maternity delivery. This means no paying toward such treatments or events.</p></div></div></div></div></div><div class="et_pb_column et_pb_column_1_3 et_pb_column_6 et_pb_css_mix_blend_mode_passthrough" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; float: left; margin: 0px 32.3906px 0px 0px; min-height: 1px; mix-blend-mode: unset !important; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 338.391px; z-index: 2;"><div class="et_pb_module et_pb_blurb et_pb_blurb_4 et_pb_text_align_left et_pb_blurb_position_top et_pb_bg_layout_light" style="animation-duration: 0.2s; animation-timing-function: linear; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; color: rgb(66, 66, 66) !important; margin: 0px; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_blurb_content" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px auto; max-width: 550px; outline: 0px; overflow-wrap: break-word; padding: 0px; position: relative; text-align: center; text-size-adjust: 100%; vertical-align: baseline; width: 338.391px;"><div class="et_pb_main_blurb_image" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; display: inline-block; line-height: 0; margin: 0px 0px 30px; max-width: 100%; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span class="et_pb_image_wrap et_pb_only_image_mode_wrap" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; display: block; margin: auto; max-width: 66%; outline: 0px; padding: 0px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;"><img alt="" class="et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-1041 et-animated" height="150" src="https://globalalbatross.com/wp-content/uploads/2019/07/Assistance-while-away-from-hom-SMALL.png" style="animation: 1s cubic-bezier(0.77, 0, 0.175, 1) 0s 1 normal none running fadeTop; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border-radius: inherit; border: 0px; box-sizing: border-box; height: auto; margin: 0px; max-width: 100%; opacity: 1; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;" width="150" /></span></div><div class="et_pb_blurb_container" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;"><h3 class="et_pb_module_header" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; color: #3170b7; font-size: 20px; font-weight: 300; line-height: 1em; margin: 0px; outline: 0px; padding: 0px 0px 10px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;">Assistance while away from home</span></h3><div class="et_pb_blurb_description" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;">When an athlete requires treatment outside their normal country of residence, assistance coordinating medical appointments, hospital admission, travel, accommodation and transportation arrangements are rendered.</p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><br /></p></div></div></div></div></div><div class="et_pb_column et_pb_column_1_3 et_pb_column_6 et_pb_css_mix_blend_mode_passthrough" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; float: left; margin: 0px 0px 0px 32.3906px; min-height: 1px; mix-blend-mode: unset !important; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 338.391px; z-index: 2;"><div class="et_pb_module et_pb_blurb et_pb_blurb_4 et_pb_text_align_left et_pb_blurb_position_top et_pb_bg_layout_light" style="animation-duration: 0.2s; animation-timing-function: linear; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; color: rgb(66, 66, 66) !important; margin: 0px; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_blurb_content" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px auto; max-width: 550px; outline: 0px; overflow-wrap: break-word; padding: 0px; position: relative; text-align: center; text-size-adjust: 100%; vertical-align: baseline; width: 338.391px;"><div class="et_pb_blurb_container" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_blurb_description" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_main_blurb_image" style="background: rgba(255, 255, 255, 0.05); border: 0px; box-sizing: border-box; display: inline-block; line-height: 0; margin: 0px 0px 30px; max-width: 100%; outline: 0px; padding: 0px; text-align: center; text-size-adjust: 100%; vertical-align: baseline;"><span class="et_pb_image_wrap et_pb_only_image_mode_wrap" style="background: transparent; border: 0px; box-sizing: border-box; display: block; margin: auto; max-width: 66%; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><img alt="" class="et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-1040 et-animated" height="150" src="https://globalalbatross.com/wp-content/uploads/2019/07/Personal-Healthcare-Ambassador-SMALL.png" style="animation: 1s cubic-bezier(0.77, 0, 0.175, 1) 0s 1 normal none running fadeTop; background: transparent; border-radius: inherit; border: 0px; box-sizing: border-box; height: auto; margin: 0px; max-width: 100%; opacity: 1; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;" width="150" /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-color: rgba(255, 255, 255, 0.05); text-align: center;"></span></p><div class="et_pb_blurb_container" style="background: rgba(255, 255, 255, 0.05); border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;"><h3 class="et_pb_module_header" style="background: transparent; border: 0px; box-sizing: border-box; color: #3170b7; font-size: 20px; font-weight: 300; line-height: 1em; margin: 0px; outline: 0px; padding: 0px 0px 10px; text-align: center; text-size-adjust: 100%; vertical-align: baseline;"><span style="background: transparent; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;">Personal healthcare ambassador</span></h3><div class="et_pb_blurb_description" style="background: transparent; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><p style="background: transparent; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: center; text-size-adjust: 100%; vertical-align: baseline;">A registered nurse becomes your advocate when making contact, reaching out to the medical community on your behalf.</p><p style="background: transparent; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: center; text-size-adjust: 100%; vertical-align: baseline;"><br /></p><p style="background: transparent; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: center; text-size-adjust: 100%; vertical-align: baseline;"><br /></p></div></div></div></div></div></div></div><div class="et_pb_column et_pb_column_1_3 et_pb_column_6 et_pb_css_mix_blend_mode_passthrough" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; float: left; margin: 0px 32.3906px 0px 0px; min-height: 1px; mix-blend-mode: unset !important; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 338.391px; z-index: 2;"><div class="et_pb_module et_pb_blurb et_pb_blurb_4 et_pb_text_align_left et_pb_blurb_position_top et_pb_bg_layout_light" style="animation-duration: 0.2s; animation-timing-function: linear; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; color: rgb(66, 66, 66) !important; margin: 0px; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_blurb_content" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px auto; max-width: 550px; outline: 0px; overflow-wrap: break-word; padding: 0px; position: relative; text-align: center; text-size-adjust: 100%; vertical-align: baseline; width: 338.391px;"><div class="et_pb_blurb_container" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_blurb_description" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: center; text-size-adjust: 100%; vertical-align: baseline;"><img alt="" class="et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-2188 et-animated" height="150" src="https://globalalbatross.com/wp-content/uploads/2019/07/Continuation-of-Cover-SMALL.png" style="animation: 1s cubic-bezier(0.77, 0, 0.175, 1) 0s 1 normal none running fadeTop; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border-radius: inherit; border: 0px; box-sizing: border-box; height: auto; margin: 0px; max-width: 100%; opacity: 1; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;" width="150" /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-color: rgba(255, 255, 255, 0.05); text-align: center;"></span></p><div class="et_pb_blurb_container" style="background: rgba(255, 255, 255, 0.05); border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><h3 class="et_pb_module_header" style="background: transparent; border: 0px; box-sizing: border-box; color: #3170b7; font-size: 20px; font-weight: 300; line-height: 1em; margin: 0px; outline: 0px; padding: 0px 0px 10px; text-align: center; text-size-adjust: 100%; vertical-align: baseline;"><span style="background: transparent; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;">Continuation of cover</span></h3><div class="et_pb_blurb_description" style="background: transparent; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><p style="background: transparent; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;">Cover of any ongoing medical conditions continues without further underwriting, even if professional sporting pursuits are discontinued.</p></div></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><br /></p></div></div></div></div></div><div class="et_pb_column et_pb_column_1_3 et_pb_column_6 et_pb_css_mix_blend_mode_passthrough" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; float: left; margin: 0px 32.3906px 0px 0px; min-height: 1px; mix-blend-mode: unset !important; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 338.391px; z-index: 2;"><div class="et_pb_module et_pb_blurb et_pb_blurb_4 et_pb_text_align_left et_pb_blurb_position_top et_pb_bg_layout_light" style="animation-duration: 0.2s; animation-timing-function: linear; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; color: rgb(66, 66, 66) !important; margin: 0px; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_blurb_content" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px auto; max-width: 550px; outline: 0px; overflow-wrap: break-word; padding: 0px; position: relative; text-align: center; text-size-adjust: 100%; vertical-align: baseline; width: 338.391px;"><div class="et_pb_blurb_container" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_blurb_description" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_row et_pb_row_4" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border-radius: 0px !important; border: 0px; box-sizing: border-box; color: black; margin: auto; max-width: 1080px; outline: 0px; padding: 30px 0px 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 1080px;"><div class="et_pb_column et_pb_column_4_4 et_pb_column_8 et_pb_css_mix_blend_mode_passthrough et-last-child" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; float: left; margin-bottom: 0px; margin-left: 0px; margin-right: 0px !important; margin-top: 0px; min-height: 1px; mix-blend-mode: unset !important; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 1080px; z-index: 2;"><div class="et_pb_module et_pb_text et_pb_text_3 et_pb_text_align_left et_pb_bg_layout_light" style="animation-duration: 0.2s; animation-timing-function: linear; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; margin: 0px 0px 16.1875px; outline: 0px; overflow-wrap: break-word; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_text_inner" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline;"><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; color: #3170b7; font-size: 34px; font-weight: 300; line-height: 1em; margin: 0px; outline: 0px; padding: 0px 0px 10px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;">Online Portal</h2></div></div><div class="et_pb_module et_pb_text et_pb_text_4 et_pb_text_align_left et_pb_bg_layout_light" style="animation-duration: 0.2s; animation-timing-function: linear; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; color: rgb(66, 66, 66) !important; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: -5px !important; outline: 0px; overflow-wrap: break-word; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px !important; position: relative; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_text_inner" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline;"><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;">Athletes receive free access to an extensive online portal, including:</p></div></div></div></div><div class="et_pb_row et_pb_row_5" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border-radius: 0px !important; border: 0px; box-sizing: border-box; color: black; margin-bottom: auto; margin-left: auto; margin-right: auto; margin-top: -22px !important; max-width: 1080px; outline: 0px; padding: 30px 0px 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 1080px;"><div class="et_pb_column et_pb_column_1_2 et_pb_column_9 et_pb_css_mix_blend_mode_passthrough" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; float: left; margin: 0px 32.3906px 0px 0px; min-height: 1px; mix-blend-mode: unset !important; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 523.797px; z-index: 2;"><div class="et_pb_module et_pb_text et_pb_text_5 et_pb_text_align_left et_pb_bg_layout_light" style="animation-duration: 0.2s; animation-timing-function: linear; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; color: rgb(66, 66, 66) !important; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 10px !important; outline: 0px; overflow-wrap: break-word; padding-bottom: 0px !important; padding-left: 0px; padding-right: 0px; padding-top: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_text_inner" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline;"><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px 0px 1em; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; color: #3170b7; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;">Find an expert</span> </span>Find a leading local specialist for a specific medical case or condition from a database of more than 50,000 doctors in over 40 specialties and 450 sub-specialties.</p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px 0px 1em; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; color: #3170b7; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;">Mental health navigator</span> </span>Because not all pain is physical, a virtual programme provides help when and where needed.</p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; color: #3170b7; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;">Expert medical opinion</span> </span>Care can be reviewed by some of the world’s top specialists, a confidential service that complements the care of an existing medical team. Whether facing a critical medical decision or a serious diagnosis, getting advice from leading experts in important.</p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; color: #3170b7; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><br /></span></span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; color: #3170b7; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><br /></span></span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; color: #3170b7; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;">Doctor online</span> </span>For answers to non-urgent medical questions or clarity about something a doctor said. An easy and confidential way to get more info or determine medical next steps.</p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; color: #3170b7; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><br /></span></span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; color: #3170b7; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><br /></span></span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; color: #3170b7; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;">Ask an expert</span> </span>Get advice about a personal health challenge or medical condition from an expert physician.</p><div><div class="et_pb_row et_pb_row_3" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border-radius: 0px !important; border: 0px; box-sizing: border-box; margin: auto; max-width: 1080px; outline: 0px; padding: 30px 0px 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 1080px;"><div class="et_pb_column et_pb_column_1_3 et_pb_column_6 et_pb_css_mix_blend_mode_passthrough" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; float: left; margin: 0px 32.3906px 0px 0px; min-height: 1px; mix-blend-mode: unset !important; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 338.391px; z-index: 2;"><div class="et_pb_module et_pb_blurb et_pb_blurb_4 et_pb_text_align_left et_pb_blurb_position_top et_pb_bg_layout_light" style="animation-duration: 0.2s; animation-timing-function: linear; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_blurb_content" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px auto; max-width: 550px; outline: 0px; overflow-wrap: break-word; padding: 0px; position: relative; text-align: center; text-size-adjust: 100%; vertical-align: baseline; width: 338.391px;"><div class="et_pb_blurb_container" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: left; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_blurb_description" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_row et_pb_row_5" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border-radius: 0px !important; border: 0px; box-sizing: border-box; color: black; margin-bottom: auto; margin-left: auto; margin-right: auto; margin-top: -22px !important; max-width: 1080px; outline: 0px; padding: 30px 0px 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 1080px;"><div class="et_pb_column et_pb_column_1_2 et_pb_column_10 et_pb_css_mix_blend_mode_passthrough et-last-child" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; float: left; margin-bottom: 0px; margin-left: 0px; margin-right: 0px !important; margin-top: 0px; min-height: 1px; mix-blend-mode: unset !important; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 523.797px; z-index: 2;"><div class="et_pb_module et_pb_text et_pb_text_6 et_pb_text_align_left et_pb_bg_layout_light" style="animation-duration: 0.2s; animation-timing-function: linear; background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border: 0px; box-sizing: border-box; color: rgb(66, 66, 66) !important; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 10px !important; outline: 0px; overflow-wrap: break-word; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline;"><div class="et_pb_text_inner" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline;"><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; color: #3170b7; margin: 0px; outline: 0px; padding: 0px; text-size-adjust: 100%; vertical-align: baseline;">Health folder</span> </span>Personal health information, scans and test results, all in one place.</p></div></div></div></div></div></div></div></div></div></div></div><div class="et_pb_row et_pb_row_3" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 50% center; background-repeat: no-repeat; background-size: cover; border-radius: 0px !important; border: 0px; box-sizing: border-box; margin: auto; max-width: 1080px; outline: 0px; padding: 30px 0px 0px; position: relative; text-size-adjust: 100%; vertical-align: baseline; width: 1080px;"><br style="color: black;" /></div></div></div></div></div></div></div></div></div></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-68425613623171329832021-03-31T14:23:00.002+05:002022-07-30T23:54:48.299+05:00Comprehensive Guide to Renters Insurance<h1 class="comp article-heading mntl-text-block" id="article-heading_2-0" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 3rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.1; margin: 0px 0px 1rem; padding-bottom: 1rem; position: relative;">Comprehensive Guide to Renters Insurance</h1><div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Most folks know that people who own their residences carry—in fact, are often <em style="box-sizing: border-box;">required</em> by mortgage companies to carry—homeowners insurance to protect their property, their possessions, and any injury incurred by visitors. But what about people who are renting or leasing their living space?</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-1" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-2" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Here is everything you need to know about renters insurance—what it is, what it does and doesn't cover, and how to get it.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-3" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><div class="comp mntl-sc-block finance-sc-block-callout mntl-block" id="mntl-sc-block_1-0-4" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp theme-whatyouneedtoknow mntl-sc-block mntl-sc-block-callout mntl-block" data-tracking-container="true" data-tracking-id="mntl-sc-block-callout" id="mntl-sc-block_1-0-5" style="box-sizing: border-box; margin: 1rem 0px 2rem; position: relative;"><h3 class="comp mntl-sc-block-callout-heading mntl-text-block" id="mntl-sc-block-callout-heading_1-0" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1rem; font-weight: 400; letter-spacing: 0.05rem; line-height: 1.2; margin: 0px; padding: 1.5625rem 1.25rem 0.5625rem; text-transform: uppercase;">KEY TAKEAWAYS</h3><div class="comp mntl-sc-block-callout-body mntl-text-block" id="mntl-sc-block-callout-body_1-0" style="box-sizing: border-box; padding: 0px 1.25rem 1.25rem;"><ul style="box-sizing: border-box; list-style-image: initial; list-style-position: initial; margin-bottom: 0px; margin-top: 0px; padding-left: 1.5rem;"><li style="box-sizing: border-box; padding-bottom: 0.375rem;">Renters insurance is akin to homeowners insurance, but it is for people who rent or lease properties, such as houses and apartments.</li><li style="box-sizing: border-box; padding-bottom: 0.375rem;">The average renter’s belongings are worth around $20,000, according to the insurance company USAA.</li><li style="box-sizing: border-box; padding-bottom: 0.375rem;">Key steps to getting and maintaining a renters insurance policy include taking inventory of your possessions and keeping an updated spreadsheet of items.</li><li style="box-sizing: border-box; padding-bottom: 0.375rem;">Renters insurance tends to cover loss or damage to items in the home related to fire, theft, vandalism, plumbing, and electrical malfunctions.</li><li style="box-sizing: border-box; margin-bottom: 0px; padding-bottom: 0.375rem;">There are two ways in which renters insurance reimburses—actual cash value, which pays what the property was worth at the time of damage, and replacement cost, which pays the full cost of replacing the items with new ones.</li></ul></div></div></div><span class="heading-toc" id="toc-what-is-renters-insurance" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-6" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">What Is Renters Insurance?</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-7" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Renters insurance is a form of property insurance that covers losses to personal property and protects the insured from liability claims. This includes injuries occurring in your rental that aren’t due to a structural problem. Injuries due to structural problems are your landlord’s responsibility. Renters insurance protects anything from a studio apartment to an entire house or mobile home.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-8" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-9" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Even if you’re just starting out or living in a place for a year, getting a renters insurance policy—probably the least expensive and easiest-to-obtain insurance you’ll ever own—could be a smart investment. You may not think you’ve got anything of great value, but you probably do—more than you could comfortably afford to replace in the event of a bad burglary or fire.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-10" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-11" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">In addition, no matter how careful you may be with your own apartment (the sort of residence most renters have), you can’t control your neighbors. They can leave your security gates open, buzz ill-intentioned strangers into your building, or fall asleep with a cigarette in hand and start a serious fire.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-12" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp native mntl-native" data-right-rail-index="3" id="native_1-0" style="--native-ad-height: auto; box-sizing: border-box; height: var(--native-ad-height); width: 596px;"><div class="comp scads-to-load mntl-native__adunit mntl-gpt-dynamic-adunit mntl-gpt-adunit gpt native dynamic js-lazy-ad is-requested" id="mntl-native__adunit_1-0" style="box-sizing: border-box; text-align: center;"></div></div></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-13" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">While your landlord’s property insurance may cover the building itself, the insurance will not cover the contents of your apartment, nor will it cover the damages for which you could be sued by someone who had an accident within your apartment or rented space.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-14" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-what-renters-insurance-covers" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-15" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">What Renters Insurance Covers</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-16" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Renters insurance has three basic coverage components: personal possessions, liability, and additional living expenses.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-17" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-18" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">Personal Possessions</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-19" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">This coverage is for the contents of your rented dwelling. Typically, named perils include fire, theft, vandalism, plumbing and electrical malfunctions, certain weather-related damage, and other named hazards. More specifically, a standard HO-4 policy, as it's called, is for renters and covers losses to personal property from events such as hail, explosion, riots, damage caused by aircraft or vehicle, vandalism, and volcanoes, among others. Floods and earthquakes, however, are not covered and require separate insurance policies.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-20" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-21" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">Liability</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-22" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Liability coverage protects you up to a certain amount in the event that you get sued for an injury or other damages incurred at your home by other people. It also pays for damage that you, your family, or your pets cause to others. It pays any court judgments as well as legal expenses, up to the policy limit, which usually starts at $100,000 and can go up to $300,000. For coverage higher than that, you need to buy an umbrella policy.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-23" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-24" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">Additional Living Expenses</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-25" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">This coverage means that if your unit becomes uninhabitable due to one of the covered perils, you’ll be provided with some money to pay for temporary housing. Hotel bills, restaurant meals, temporary rentals, and other expenses incurred while your dwelling is being rehabbed are all included.</p><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-29" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">What Doesn’t Renters Insurance Cover?</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-30" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">You should be aware that there are many things that most policies do not automatically cover: backup of sewage into your residence, earthquakes, floods, and other “acts of God.” These things can be covered for an additional premium if you feel you are at significant risk.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-31" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-32" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Also, if you have any unusually expensive or valuable items, such as high-end electronic equipment, fine jewelry, musical instruments, or an important collection of art and antiques, you may need to purchase floater insurance in the form of a rider to cover these items. In addition, a separate rider might be needed to cover wind damage in certain areas from hurricanes.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-33" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-34" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Renters insurance policies also do not cover losses caused by the tenant’s own negligence or intentional acts.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-35" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-36" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">How to Get Renters Insurance</span></h2><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-37" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">Assess Your Insurance Needs</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-38" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">When you apply for renters insurance, it's a good idea to photograph or digitally video everything you own. For expensive items, make sure to write down any serial numbers that could help verify your claim.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-39" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-40" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">You can even take it a step further and enter the items into a spreadsheet along with an estimate of each item’s value. Although these steps take some extra effort, you should do them for two reasons.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-41" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><ol class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-42" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; list-style: none; margin-bottom: 1.75rem; margin-top: 0px; padding: 0px;"><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">You probably think that the total value of the items you own is less than it actually is, which puts you at risk of under-insuring yourself. When you make yourself sit down and assess the actual value of each item you own individually, you will get a more accurate picture of what your belongings are worth. Perhaps you have around 50 Blu-ray DVDs. That may not seem like much to you, but at $20 a piece, you have a collection worth $1,000 that you won’t want to have to pay to replace in case of fire.</li><li style="box-sizing: border-box; counter-increment: section 1; padding-left: 1rem; text-indent: -1rem;">While your insurance company probably won’t want the inventory or the photographs when you take out the policy, your documentation will be indispensable if you ever need to file a claim because you will be better able to prove the value of your possessions. Make sure to keep copies of your inventory outside of your apartment, such as in a bank safe deposit box, with a trusted friend or relative, or emailed to yourself as an attachment, so that all your supporting documents won’t get destroyed along with your belongings.</li><span class="mntl-sc-block-adslot mntl-sc-block-adslot-inline" style="box-sizing: border-box;"></span></ol><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-43" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-44" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">Choose an Insurance Company</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-45" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Once you’ve figured out how much insurance you need, you'll be ready to locate insurance companies that offer renters insurance policies in your area. To find a company, you can simply do an internet search for renters insurance and your state.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-46" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-47" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Another approach would be to check with family and friends for recommendations and rates. Make sure to tell your insurance rep how you found them and if you have any other existing policies with them, because you can often get family rates or package deals (e.g., if you purchased both home and car insurance together). Once you’ve located potential insurers, research the companies’ insurance ratings through a company such as AM Best, which rates insurance companies’ ability to pay you when you make a claim.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-48" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-49" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">Start the Application</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-50" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">After investigating your options, it’s time to start the application process. If several companies checked out financially, there’s no reason not to apply to all of them to see which one can offer the best combination of low rates and solid coverage.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-51" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-52" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Some companies may allow you to complete the entire process online. Others may want to speak to you on the phone or send you some paperwork to fill out. In most situations it shouldn’t be necessary to meet with a representative in person.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-53" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-54" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">Fine-Tune Your Policy</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-55" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">The application will be relatively simple to complete. The only questions that might trip you up are related to the type of construction of your dwelling, the year it was built, and the type of roof material used. For some properties you can actually find this information on Zillow.com; if not, you can get it from your landlord.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-56" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-57" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">The two types of coverage available to renters are actual cash value and replacement cost. Actual cash value coverage pays what the property was worth at the time damage or loss occurred and is the least expensive type of renters insurance available. Replacement cost pays the full amount of replacing the items or property with new ones and is about 10% more expensive than actual cash value coverage.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-58" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-59" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Unless you’re on the tightest of budgets, it’s wiser to opt for replacement cost coverage. It ensures that if, say, your couch is destroyed in a fire, you'll receive the full $1,000 you’ll need to buy a spanking new model, instead of the couple of hundred dollars that your old sofa was worth due to depreciation. While replacement cost coverage tends to be slightly more expensive, the difference in premium is usually negligible when weighed against the huge increase in coverage you get.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-60" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-61" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">At this point you’ll also want to decide which deductible best fits your financial situation. As with all types of insurance, the lower your deductible, the higher the premiums, because with a low deductible, the insurance company will need to cough up more money in the event of a claim. Deductibles can range from $500 to as much as $2,000. If you raise it from $500 to $1,000, you could get as much as a 25% reduction in your premium. Consider how much you can afford to spend to replace your belongings in the event of a major loss, then insure yourself for the difference. Your deductible can be low to start, and you can always increase it later as needed.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-62" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-63" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">Pay for Your Policy</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-64" style="background-color: white; box-sizing: border-box; counter-reset: section 0; font-family: SourceSansPro, sans-serif; margin-bottom: 1.75rem; margin-top: 0px;"><span style="color: #111111; font-size: 18px; letter-spacing: 0.05px;">Compared with homeowners insurance, renters insurance is relatively inexpensive. Both the National Association of Insurance Commissioners (NAIC) and the Insurance Information Institute place the average cost of renters insurance at about $15 per month, while the figure for homeowners insurance is about $75 per month. These figures reflect data up to 2019, which are the most recent available.</span><span style="color: #0000ee;"><span style="font-size: 14px; letter-spacing: 0.98px;"> </span></span><span style="color: #111111;"><span style="font-size: 18px; letter-spacing: 0.05px;">Rates vary from state to state and from company to company, and, of course, they are based on the amount of insurance you purchase and other factors, including the amount of the deductible you choose.</span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-65" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-25" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><span class="heading-toc" id="toc-how-to-get-renters-insurance" style="box-sizing: border-box; letter-spacing: 0.05px;"></span><span style="letter-spacing: 0.05px;"></span></p><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-66" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Renters insurance often provides substantial discounts for measures you take to reduce the risk to the insurer. These can include fire or burglar alarm systems, fire extinguishers, sprinkler systems, and even deadbolt locks on outside doors. As mentioned above, you might also get an additional break if you are already a policyholder with a particular company.</p><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-69" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Insurance tends to be cheaper when you pay an entire year’s premium at once instead of paying in installments, so if you can afford to pay annually, you should do so (insurance companies love to tack on administrative fees when you pay in installments). If you decide to pay monthly, be aware that some companies will require an automatic monthly withdrawal from your checking account.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-70" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-71" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Once you get your new policy in the mail, you’ll want to read it to make sure that you understand exactly what is and isn’t covered and confirm that it states any nonstandard additional coverage you purchased. Also, double check that your deductible and premium amounts are correct.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-72" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-73" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">The Bottom Line</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-66" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><span class="heading-toc" id="toc-the-bottom-line" style="box-sizing: border-box; letter-spacing: 0.05px;"></span><span style="letter-spacing: 0.05px;"></span></p><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-74" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">"What is renters insurance?" is a fair question, but a better question might be, "Why should I have renters insurance?" The answer: It keeps accidents and annoyances from becoming bank account and budget killers. Remember that your landlord’s insurance protects their building, but it does not cover your stuff—ever. Only you can protect yourself and your possessions.</p></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-13740322515757475112021-03-24T15:10:00.004+05:002022-07-30T23:50:22.132+05:00What You Need To Know About Wildfires and Insurance<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhBIGNfvchLDGDm8_d8GAyQ7jj8aXMJiLLSJkia7dVO4TeIQmyRZQg_Vnjc2p99QWB6BcrmXCtCRpfbRJR952IExuDGP0PTKzivQuf_TDYbmACsCd8qHLHx7QuuoEOmxFMCDDRUh5nGHBN4saG4P1W6Zc2hcrYYRaqbGjUK4OhI-BpSdjIZ61s1lz3e/s1600/6384817_082320-kgo-ov-fires-slideshow-vid-img.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="900" data-original-width="1600" height="302" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhBIGNfvchLDGDm8_d8GAyQ7jj8aXMJiLLSJkia7dVO4TeIQmyRZQg_Vnjc2p99QWB6BcrmXCtCRpfbRJR952IExuDGP0PTKzivQuf_TDYbmACsCd8qHLHx7QuuoEOmxFMCDDRUh5nGHBN4saG4P1W6Zc2hcrYYRaqbGjUK4OhI-BpSdjIZ61s1lz3e/w537-h302/6384817_082320-kgo-ov-fires-slideshow-vid-img.jpg" width="537" /></a></div><br /><h1 class="comp article-heading mntl-text-block" id="article-heading_2-0" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 3rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.1; margin: 0px 0px 1rem; padding-bottom: 1rem; position: relative;"><span style="font-size: 3rem; letter-spacing: 0.05px;">What You Need To Know About Wildfires and Insurance</span></h1><div><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;">With drought conditions spreading across the country over the past few years, wildfires have become an increasing concern for many homeowners. Based on a 2019 Corelogic report, 775,654 residential homes were at risk for wildfire damage across 13 western states.</span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"> In 2020, the number increased to 4.5 million homes.</span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"> And more than 17,700 homes were destroyed by wildfires in 2020, with California homes accounting for the highest number of losses.</span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"> Protecting your property from the financial impact of a wildfire with insurance is a smart move.</span></div><div><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><br /></span></div><div><div class="comp mntl-sc-block finance-sc-block-callout mntl-block" id="mntl-sc-block_1-0-2" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp theme-whatyouneedtoknow mntl-sc-block mntl-sc-block-callout mntl-block" data-tracking-container="true" data-tracking-id="mntl-sc-block-callout" id="mntl-sc-block_1-0-3" style="box-sizing: border-box; margin: 1rem 0px 2rem; position: relative;"><h3 class="comp mntl-sc-block-callout-heading mntl-text-block" id="mntl-sc-block-callout-heading_1-0" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1rem; font-weight: 400; letter-spacing: 0.05rem; line-height: 1.2; margin: 0px; padding: 1.5625rem 1.25rem 0.5625rem; text-transform: uppercase;">KEY TAKEAWAYS</h3><div class="comp mntl-sc-block-callout-body mntl-text-block" id="mntl-sc-block-callout-body_1-0" style="box-sizing: border-box; padding: 0px 1.25rem 1.25rem;"><ul style="box-sizing: border-box; list-style-image: initial; list-style-position: initial; margin-bottom: 0px; margin-top: 0px; padding-left: 1.5rem;"><li style="box-sizing: border-box; padding-bottom: 0.375rem;">Many homeowner policies cover wildfires just as they cover more typical fires—like kitchen, electrical, and lightning-based fires, so you may already be covered. Check to be sure.</li><li style="box-sizing: border-box; padding-bottom: 0.375rem;">If your home is in a high-risk area for wildfires, it’s important to make sure you are not underinsured.</li><li style="box-sizing: border-box; margin-bottom: 0px; padding-bottom: 0.375rem;">In many areas near previously catastrophic wildfires, insurers are not renewing homeowner policies. In some cases, states’ insurance commissioners declare a moratorium on non-renewals for at least one year after a catastrophic wildfire.</li></ul></div></div></div><span class="heading-toc" id="toc-what-is-wildfire-insurance" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-4" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">What Is Wildfire Insurance?</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-5" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"> A standard home insurance policy from state-approved insurers typically includes wildfires among the fires they cover. Still, things are changing. Since 2017 and the increase in wildfire damage across the west, insurers in high-risk states are boosting premiums. “It’s important to review the covered and excluded perils in your policy or quote to make sure wildfire is a covered peril,” says Ivan O’Neill, a certified wildland fire assessor, as well as CEO and co-founder of Madronus Wildfire Defense, which helps homeowners reduce their wildfire risk.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-6" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-7" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"> Insurance coverage varies but typically should cover damage from smoke and fire to:</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-8" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><ul class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-9" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; list-style-image: initial; list-style-position: initial; margin-bottom: 1.75rem; margin-top: 0px; padding-left: 1.5rem;"><li style="box-sizing: border-box;">Your home’s building or structure</li><li style="box-sizing: border-box;">Any additional structures on the property such as a garage, shed, or apartment</li><li style="box-sizing: border-box;">Landscaping, pool, patio area, and contents</li><li style="box-sizing: border-box;">Debris removal</li><li style="box-sizing: border-box;">Personal property or contents inside the home</li><li style="box-sizing: border-box;">A building code upgrade may be standard or optional</li><li style="box-sizing: border-box;">Additional living expenses<br style="box-sizing: border-box;" /></li></ul><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-10" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp native mntl-native" data-right-rail-index="3" id="native_1-0" style="--native-ad-height: auto; box-sizing: border-box; height: var(--native-ad-height); width: 600px;"><div class="comp scads-to-load mntl-native__adunit mntl-gpt-dynamic-adunit mntl-gpt-adunit gpt native dynamic js-lazy-ad is-requested" id="mntl-native__adunit_1-0" style="box-sizing: border-box; text-align: center;"></div></div></div><span class="heading-toc" id="toc-what-will-your-insurer-pay-in-the-event-of-a-wildfire" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-11" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">What Will Your Insurer Pay in the Event of a Wildfire?</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-12" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Each policy is different, so you’ll need to check your limits and coverage. “If you live in a wildfire-prone area, it’s important to make sure you’re not under-insured, meaning that if your home is destroyed, you will receive enough money to rebuild a home with the same features at current new-build prices,” O’Neill says.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-13" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-replacement-cost-value-or-guaranteedextended-replacement-cost" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-14" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Replacement Cost Value or Guaranteed/Extended Replacement Cost</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-15" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">The type of coverage that allows you to rebuild at current new-build prices is called replacement cost value (versus actual cash value) and covers the actual cost to rebuild your home, but only up to a defined limit.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-16" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-17" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">O’Neill says it’s important to ask a realtor or general contractor what the current cost to build per square foot is in your area and multiply it by your home’s square footage to make sure you’re fully covered.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-18" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-19" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Some states also have policies that offer guaranteed/extended replacement cost, which replaces your home regardless of the cost of building supplies or labor spikes after the disaster as many folks try to rebuild all at once, though this coverage typically costs more.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-20" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-21" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Additionally, in some areas, building codes have changed considerably over the past 30 years, so folks shopping for policies in wildfire-prone areas should consider getting insurance that provides updated building code coverage during a rebuild. This ensures you have enough money to build your new home up to today’s codes.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-22" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-23" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Loss-of-use coverage also called additional living expense coverage is another item worth considering. “This coverage is generally affordable and covers the cost of hotels and other expenses incurred while you’re unable to use your home during an evacuation or a rebuild,” says O’Neill.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-24" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-additional-peace-of-mind" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-25" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Additional Peace of Mind</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-26" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Wildfire Response Endorsement or Wildfire Defense Services are also another protection in addition to your insurance coverage you may find helpful. In wildfire-prone areas, it might make sense to pay a retainer for this service which is like having a private fire department ready to respond if a wildfire threatens your home. The cost varies by company, but some insurers, like State Farm, recently added this coverage for all policyholders.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-3" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;"><br /></span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-27" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-28" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">With this coverage when a wildfire threatens your home, a class 6 fire engine team (which has wildland brush trucks) is sent to help harden it, close windows and doors, clear defensible space, set sprinklers, and lay flame-retardant foam.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-29" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-where-can-you-get-wildfire-insurance" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-30" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Where Can You Get Wildfire Insurance?</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-31" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">If your homeowner’s policy doesn't include wildfire insurance, check with them to see if you can obtain it. If you’re unable to get coverage due to living in a high-risk area, you may be able to find a FAIR plan, a state-mandated program that provides fair access to insurance for high-risk properties.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-32" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-33" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">In many areas near those that have lost a lot of homes to catastrophic wildfires, admitted insurers are non-renewing customers where they’re allowed to. But in many cases, states’ insurance commissioners declare a moratorium on non-renewals for at least one year after a catastrophic wildfire. If you’re non-renewed by an insurer, you can also appeal the decision.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-34" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-35" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">You can also contact your state’s insurance commission and request assistance. O’Neill says consumers should document (take before and after photos, keep receipts for materials and contractors) and include all the home hardening and defensible space work they've done to prevent wildfires and reach out to their agent to share the documentation and request a formal appeal. </p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-36" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-37" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">If you’re non-renewed, your options are typically to buy coverage from a non-admitted carrier (not approved by your state’s insurance department), which costs about three to six times the amount of home insurance from an admitted carrier. You can also buy insurance from your state’s insurer of last resort, which pools high-risk individuals and is likely the most expensive option.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-38" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-39" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Finally, O’Neill says homeowners in high-risk areas should video their homes and contents annually (not just photos since images can be photoshopped and are less trustworthy). Go room by room and open drawers, doors, closets, and storage areas to document your belongings. For electronics and other high-value items, noting the serial number, make, and model is helpful. Save a copy of the video to cloud storage such as Google Drive, Dropbox, or iCloud.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-40" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><div class="comp mntl-sc-block finance-sc-block-questionandanswer mntl-sc-block-questionandanswer" id="mntl-sc-block_1-0-41" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><span class="heading-toc" id="toc-how-are-claims-settled-in-a-wildfire-insurance-case" style="box-sizing: border-box;"></span><h2 class="mntl-sc-block-questionandanswer__question" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; line-height: 1.2; margin: 0px 0px 0.5rem;">How Are Claims Settled in a Wildfire Insurance Case?</h2><div class="mntl-sc-block-questionandanswer__answer" style="box-sizing: border-box;"><p style="box-sizing: border-box; margin-bottom: 1.75rem; margin-top: 0px;">The insured must file a claim form usually within 15 days of the date of the fire to seek compensation. The claimant must provide photos of the damages. Though clearing debris and cleaning up is helpful, be careful to not destroy evidence of the fire or damages until the claim is processed.</p></div></div><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-42" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><div class="comp mntl-sc-block finance-sc-block-questionandanswer mntl-sc-block-questionandanswer" id="mntl-sc-block_1-0-43" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><span class="heading-toc" id="toc-can-an-insurer-deny-a-claim-for-a-wildfire" style="box-sizing: border-box;"></span><h2 class="mntl-sc-block-questionandanswer__question" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; line-height: 1.2; margin: 0px 0px 0.5rem;">Can an Insurer Deny a Claim for a Wildfire?</h2><div class="mntl-sc-block-questionandanswer__answer" style="box-sizing: border-box;"><p style="box-sizing: border-box; margin-bottom: 1.75rem; margin-top: 0px;">Insurance companies can deny a claim if they think the amount of damage claimed is excessive or inflated, or if the homeowner’s policy was in arrears at the time of the fire. Keep your insurance policy payments up to date!</p></div></div><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-44" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><div class="comp mntl-sc-block finance-sc-block-questionandanswer mntl-sc-block-questionandanswer" id="mntl-sc-block_1-0-45" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><span class="heading-toc" id="toc-what-is-a-wildfire-smoke-claim" style="box-sizing: border-box;"></span><h2 class="mntl-sc-block-questionandanswer__question" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; line-height: 1.2; margin: 0px 0px 0.5rem;">What Is a Wildfire Smoke Claim?</h2><div class="mntl-sc-block-questionandanswer__answer" style="box-sizing: border-box;"><p style="box-sizing: border-box; margin-bottom: 1.75rem; margin-top: 0px;">If your home wasn’t destroyed by a wildfire but was damaged by ash, soot, or smoke from a wildfire within 10 miles, you may submit a smoke claim. Smoke or soot can damage the interior, exterior, and contents of your home, and may be cause for a wildfire smoke claim.</p></div></div><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-46" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-the-bottom-line" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-47" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">The Bottom Line</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-48" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">In most non-wildfire-prone areas, your homeowner policy should cover a wildfire. “The best insurance claim is one you never have to make, so it’s important that folks educate themselves about wildfire risks, harden their homes, and manage vegetation to create defensible space around their home,” says O’Neill.</p></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-20859749038933117372021-03-24T10:12:00.003+05:002022-07-30T23:34:37.666+05:006 Good Reasons to Get Renter's Insurance<div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmleqCYTNp7s_5iNWIIGuVhZudOAgh8zH-rMzZ-6VG6PPycAa1xk3C7oOAMNdsFxl-pOQCU5mFxKyG5Cn6USMmfqC3u4h0sbuBVc0-LoG0b_D0m90L2CVNIhcnavfSwiqq-BcRcfjatwhCsSt6JPlCmUnm0N11AVgEibldfBjADpAyf2ny-9zYDesP/s1400/6-important-reasons-to-get-renter-s-insurance1647159899.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1000" data-original-width="1400" height="345" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmleqCYTNp7s_5iNWIIGuVhZudOAgh8zH-rMzZ-6VG6PPycAa1xk3C7oOAMNdsFxl-pOQCU5mFxKyG5Cn6USMmfqC3u4h0sbuBVc0-LoG0b_D0m90L2CVNIhcnavfSwiqq-BcRcfjatwhCsSt6JPlCmUnm0N11AVgEibldfBjADpAyf2ny-9zYDesP/w482-h345/6-important-reasons-to-get-renter-s-insurance1647159899.jpg" width="482" /></a></div><br /><h1 class="comp article-heading mntl-text-block" id="article-heading_2-0" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 3rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.1; margin: 0px 0px 1rem; padding-bottom: 1rem; position: relative; text-align: center;"><span style="font-size: 3rem; letter-spacing: 0.05px;">6 Good Reasons to Get Renter's Insurance</span></h1><div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"></p><div style="text-align: center;"><span style="letter-spacing: 0.05px;">If you're renting an apartment or home, you'll need an insurance policy to cover your belongings. Your </span>landlord<span style="letter-spacing: 0.05px;">'s</span><span style="letter-spacing: 0.05px;"> </span><span style="letter-spacing: 0.05px;">property insurance</span><span style="letter-spacing: 0.05px;"> </span><span style="letter-spacing: 0.05px;">policy covers losses to the building itself; whether it's an apartment, a house, or a duplex. Your</span><span style="letter-spacing: 0.05px;"> </span><span style="letter-spacing: 0.05px;">personal property</span><span style="letter-spacing: 0.05px;"> </span><span style="letter-spacing: 0.05px;">and certain liabilities, however, are covered only through a</span><span style="letter-spacing: 0.05px;"> </span><span style="letter-spacing: 0.05px;">renter's insurance</span><span style="letter-spacing: 0.05px;"> </span><span style="letter-spacing: 0.05px;">policy that you, as a tenant, have to find and pay for. While 95% of homeowners have a homeowner's insurance policy, only 41% of renters have renter's insurance, the most up-to-date figures (2018).</span></div><span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-1" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;">1</span></span><p></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-1" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-2" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Why do so few renters have insurance? One explanation is that many people incorrectly assume they are covered by their landlord's policy. Another reason is that people underestimate the value of their belongings. If you add up the value of just your clothing and electronics, it probably wouldn't take long to get into the thousands of dollars.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-3" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-4" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">One more often overlooked reason is liability: If someone is injured in your house—a friend, neighbor, or the pizza delivery person—they could sue you. Even if you thought you didn't need insurance, here are six good reasons why you should get a renter's insurance policy.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-5" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><div class="comp mntl-sc-block finance-sc-block-callout mntl-block" id="mntl-sc-block_1-0-6" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp theme-whatyouneedtoknow mntl-sc-block mntl-sc-block-callout mntl-block" data-tracking-container="true" data-tracking-id="mntl-sc-block-callout" id="mntl-sc-block_1-0-7" style="box-sizing: border-box; margin: 1rem 0px 2rem; position: relative;"><h3 class="comp mntl-sc-block-callout-heading mntl-text-block" id="mntl-sc-block-callout-heading_1-0" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1rem; font-weight: 400; letter-spacing: 0.05rem; line-height: 1.2; margin: 0px; padding: 1.5625rem 1.25rem 0.5625rem; text-transform: uppercase;">KEY TAKEAWAYS</h3><div class="comp mntl-sc-block-callout-body mntl-text-block" id="mntl-sc-block-callout-body_1-0" style="box-sizing: border-box; padding: 0px 1.25rem 1.25rem;"><ul style="box-sizing: border-box; list-style-image: initial; list-style-position: initial; margin-bottom: 0px; margin-top: 0px; padding-left: 1.5rem;"><li style="box-sizing: border-box; padding-bottom: 0.375rem;">When renting a home, you'll need an insurance policy to cover your personal belongings known as renter's insurance.</li><li style="box-sizing: border-box; padding-bottom: 0.375rem;">Landlords have property insurance but those policies cover only the building, not your personal items within.</li><li style="box-sizing: border-box; padding-bottom: 0.375rem;">Many renters don't purchase renter's insurance, either because they don't think it is necessary or believe they are covered under the landlord's policy.</li><li style="box-sizing: border-box; padding-bottom: 0.375rem;">Your landlord may require you to purchase it.</li><li style="box-sizing: border-box; margin-bottom: 0px; padding-bottom: 0.375rem;">The cost of renter's insurance is relatively low.</li></ul></div></div></div><span class="heading-toc" id="toc-1-its-relatively-affordable" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-8" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">1. It's Relatively Affordable</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-9" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">The average renter's insurance policy costs $15 to $30 a month in 2022 (latest figures), according to the National Association of Insurance Commissioners (NAIC). Your actual cost will depend on factors, including how much coverage you need, the type of coverage you choose, the amount of your deductible, and where you live.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-2" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;"><br /></span></span></p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-10" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-2-it-covers-losses-to-personal-property" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-11" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">2. It Covers Losses to Personal Property</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-12" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">A renter’s insurance policy protects against losses to your personal property, including clothes, jewelry, luggage, computers, furniture, and electronics. Even if you don't own much, it can quickly add up to a lot more than you realize; and a lot more than you'd want to pay to replace everything.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-13" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp native mntl-native" data-right-rail-index="3" id="native_1-0" style="--native-ad-height: auto; box-sizing: border-box; height: var(--native-ad-height); width: 596px;"><div class="comp scads-to-load mntl-native__adunit mntl-gpt-dynamic-adunit mntl-gpt-adunit gpt native dynamic js-lazy-ad is-requested" id="mntl-native__adunit_1-0" style="box-sizing: border-box; text-align: center;"></div></div></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-14" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Renter's policies protect against a surprisingly long list of perils. A standard HO-4 policy designed for renters, for example, covers losses to personal property from perils including:</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-15" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><ul class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-16" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; list-style-image: initial; list-style-position: initial; margin-bottom: 1.75rem; margin-top: 0px; padding-left: 1.5rem;"><li style="box-sizing: border-box;">Damage caused by aircraft</li><li style="box-sizing: border-box;">Damage caused by vehicles</li><li style="box-sizing: border-box;">Explosion</li><li style="box-sizing: border-box;">Falling objects</li><li style="box-sizing: border-box;">Fire or lightning</li><li style="box-sizing: border-box;">Riot or civil commotion</li><li style="box-sizing: border-box;">Smoke</li><li style="box-sizing: border-box;">Theft</li><li style="box-sizing: border-box;">Vandalism or malicious mischief</li><li style="box-sizing: border-box;">Volcanic eruption</li><li style="box-sizing: border-box;">Weight of ice, snow, or sleet</li><li style="box-sizing: border-box;">Windstorm or hail</li><li style="box-sizing: border-box;">Damage from water or steam from sources including household appliances, plumbing, heating, air conditioning, or fire-protective sprinkler systems</li></ul><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-17" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-18" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Losses resulting from floods and earthquakes are not covered in standard policies. A separate policy or rider is required for these perils. In addition, a separate rider might be needed to cover wind damage in areas prone to hurricanes.</p><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-22" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">3. Your Landlord Might Require It</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-23" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Your landlord's insurance covers the structure and the grounds, but not your belongings. A growing number of landlords require tenants to purchase their own renter's insurance policies, and they'll expect to see proof.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-24" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-25" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">If you need assistance finding or obtaining coverage, your landlord may be able to help. This could be the landlord's idea or an "order" from the landlord's insurance company. The idea is that if the tenants are covered, some responsibility can be shifted away from the landlord.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-26" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-27" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">4. It Provides Liability Coverage</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-28" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Liability coverage is also included in standard renter’s insurance policies. This provides protection if someone is injured while in your home or if you (or another covered person) accidentally injure someone. It pays any court judgments and legal expenses up to the policy limit.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-29" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-18" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><span class="heading-toc" id="toc-4-it-provides-liability-coverage" style="box-sizing: border-box; letter-spacing: 0.05px;"></span><span style="letter-spacing: 0.05px;"></span></p><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-30" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Most policies provide at least $100,000 of liability coverage and a smaller amount for medical-payments coverage. You can request (and pay for) higher coverage limits if necessary.</p><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-34" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">5. It Covers Your Belongings When You Travel</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-35" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Renter's insurance covers your personal belongings, whether they are in your home, car, or with you while you travel. Your possessions are covered from loss due to theft and other covered losses anywhere you travel. Check your policy or ask your insurance agent for details on what constitutes "other covered losses."</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-36" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-37" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">6. It May Cover Additional Living Expenses</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-38" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">If your home becomes uninhabitable due to one of the covered perils, your renter's insurance policy may cover “additional living expenses,” including the cost associated with living somewhere else temporarily, food, and more. Check your policy to find out how long it will cover additional living expenses and if it caps the amount the company will pay.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-39" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><div class="comp mntl-sc-block finance-sc-block-questionandanswer mntl-sc-block-questionandanswer" id="mntl-sc-block_1-0-40" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><span class="heading-toc" id="toc-is-renters-insurance-really-worth-it" style="box-sizing: border-box;"></span><h2 class="mntl-sc-block-questionandanswer__question" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; line-height: 1.2; margin: 0px 0px 0.5rem;">Is Renter’s Insurance Really Worth It?</h2><div class="mntl-sc-block-questionandanswer__answer" style="box-sizing: border-box;"><p style="box-sizing: border-box; margin-bottom: 1.75rem; margin-top: 0px;">Yes. If you can afford it, renters insurance is usually worth it. It will protect your belongings, provide liability coverage, and may cover your personal items when you travel. Renter's insurance protects you from a long list of perils, as well.<br style="box-sizing: border-box;" /></p></div></div><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-41" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><div class="comp mntl-sc-block finance-sc-block-questionandanswer mntl-sc-block-questionandanswer" id="mntl-sc-block_1-0-42" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><span class="heading-toc" id="toc-what-are-the-3-things-covered-by-renters-insurance" style="box-sizing: border-box;"></span><h2 class="mntl-sc-block-questionandanswer__question" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; line-height: 1.2; margin: 0px 0px 0.5rem;">What Are the 3 Things Covered by Renter’s Insurance?</h2><div class="mntl-sc-block-questionandanswer__answer" style="box-sizing: border-box;"><p style="box-sizing: border-box; margin-bottom: 1.75rem; margin-top: 0px;">Renter's insurance usually covers a long list of items, but three of them are clothing, electronics (including your computers and tablets), and furniture.</p></div></div><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-43" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><div class="comp mntl-sc-block finance-sc-block-questionandanswer mntl-sc-block-questionandanswer" id="mntl-sc-block_1-0-44" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><span class="heading-toc" id="toc-how-much-does-renters-insurance-cost" style="box-sizing: border-box;"></span><h2 class="mntl-sc-block-questionandanswer__question" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; line-height: 1.2; margin: 0px 0px 0.5rem;">How Much Does Renter’s Insurance Cost?</h2><div class="mntl-sc-block-questionandanswer__answer" style="box-sizing: border-box;"><p style="box-sizing: border-box; margin-bottom: 1.75rem; margin-top: 0px;">It could cost you as little as $15 to $30 a month, according to the National Association of Insurance Commissioners.<span class="mntl-inline-citation mntl-dynamic-tooltip--trigger" data-id="#citation-2" style="align-items: baseline; box-sizing: border-box; color: #0000ee; cursor: pointer; display: inline-flex; font-size: 0.875rem; justify-content: center; letter-spacing: 0.07em; line-height: 1; margin-left: 2px; padding-bottom: 0px; position: inherit; vertical-align: baseline;"><span style="box-sizing: border-box; pointer-events: none; position: relative; top: -7px; z-index: 91;"><br /></span></span></p></div></div><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-45" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-46" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">The Bottom Line</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-47" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Renter's insurance provides coverage for your personal belongings, whether in your home, car or with you while you're on vacation. In addition, renter's insurance provides liability coverage in case someone is injured in your home or if you accidentally cause injury to someone.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-48" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-49" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Be sure you understand what your policy covers, and ask your agent about available discounts, deductibles, and coverage limits. For example, be sure you know whether your insurance provides replacement cost coverage (RCC) for your personal property or actual cash value (ACV).</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-50" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-30" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;"><span class="heading-toc" id="toc-6-it-may-cover-additional-living-expenses" style="box-sizing: border-box; letter-spacing: 0.05px;"></span><span style="letter-spacing: 0.05px;"></span><span class="heading-toc" id="toc-the-bottom-line" style="box-sizing: border-box; letter-spacing: 0.05px;"></span><span style="letter-spacing: 0.05px;"></span></p><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-51" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">When choosing renter's insurance, make sure to choose a company that works best for you. The first will pay to replace your 15-year-old carpet, say, with a new one, at current market rates, while the second will only reimburse you for the value of a carpet that's 15 years old. Needless to say, RCC costs more.</p></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-37400746206557749492021-03-13T21:01:00.003+05:002022-07-30T23:30:22.020+05:00How Do You Get Insurance for a Small Business?<div class="comp article-body-content mntl-sc-page mntl-block" data-bind-scroll-on-start="true" data-sc-ad-label-height="0" data-sc-ad-track-spacing="90" data-sc-breakpoint="50em" data-sc-content-positions="[300, 1, 1, 1250, 1, 1, 1, 1]" data-sc-load-immediate="2" data-sc-max-track-height="600" data-sc-min-track-height="250" data-sc-sticky-offset="80" id="mntl-sc-page_1-0" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp mntl-sc-block finance-sc-block-questionandanswer mntl-sc-block-questionandanswer" id="mntl-sc-block_1-0-64" style="box-sizing: border-box;"><h2 class="mntl-sc-block-questionandanswer__question" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; line-height: 1.2; margin: 0px 0px 0.5rem;">How Do You Get Insurance for a Small Business?</h2><div class="mntl-sc-block-questionandanswer__answer" style="box-sizing: border-box;"><p style="box-sizing: border-box; margin-bottom: 1.75rem; margin-top: 0px;">The first step in getting business insurance for a small business is determining what type of insurance you need for your business by assessing your risks. Common types of business insurance include general liability insurance, professional liability insurance, disaster insurance, and commercial property insurance. After deciding what insurance you need, search for insurance agents that can assist you in finding the right insurance at a good price. Don't decide on the first insurance policy you see, take your time and look at what is available in the market. Once you settle on one, don't necessarily stick with it. Whenever your insurance expires, reassess your insurance needs and what is available in the market.</p></div></div><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-65" style="box-sizing: border-box;"></div><div class="comp mntl-sc-block finance-sc-block-questionandanswer mntl-sc-block-questionandanswer" id="mntl-sc-block_1-0-66" style="box-sizing: border-box;"><span class="heading-toc" id="toc-what-is-directors-and-officers-do-liability-insurance" style="box-sizing: border-box;"></span><h2 class="mntl-sc-block-questionandanswer__question" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; line-height: 1.2; margin: 0px 0px 0.5rem;">What Is Directors and Officers (D&O) Liability Insurance?</h2><div class="mntl-sc-block-questionandanswer__answer" style="box-sizing: border-box;"><p style="box-sizing: border-box; margin-bottom: 1.75rem; margin-top: 0px;">Directors and officers (D&O) liability insurance is insurance that protects the directors and officers of a firm in the event they are sued. Directors and officers may be sued by outside parties, such as suppliers and customers, or by their employees. D&O insurance is meant to protect the personal assets of the directors and officers if they are sued.</p></div></div><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-67" style="box-sizing: border-box;"></div><span class="heading-toc" id="toc-the-bottom-line" style="box-sizing: border-box;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-68" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">The Bottom Line</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-69" style="box-sizing: border-box; counter-reset: section 0; margin-bottom: 1.75rem; margin-top: 0px;">If you run a business, then you should discuss your insurance needs in detail with a knowledgeable insurance agent or broker, and be completely candid in describing the business, so that whatever coverage you buy will be adequate.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-70" style="box-sizing: border-box;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-71" style="box-sizing: border-box; counter-reset: section 0; margin-bottom: 1.75rem; margin-top: 0px;">Make sure you know what’s covered and what isn’t—and review your coverage periodically as your business evolves. Once you know exactly what kind of policy or policies you need, you can compare prices from different insurance companies and look for the best value.</p></div><div class="comp textnote-placeholder mntl-block" id="textnote-placeholder_8-0" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; position: relative;"><div class="textnote__inner" style="box-sizing: border-box;"><div class="textnote__heading" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; line-height: 1.2; margin: 0px 0px 0.5rem; padding-right: 4.75rem;">Compete Risk Free with $100,000 in Virtual Cash</div><a href="https://adclick.g.doubleclick.net/pcs/click?xai=AKAOjsskNPr6QgVv1njlKzyjWBRVJios-Xcu7dqLOw3bVyMJT9Ywp2nf4zhhO0Bu6GYvqI27gQrOYtxci3Hr_iLCVzE0nNXAvM7XJBl7Fb9oThDr6RReznLxnmG2pIXLCv-GybeZAP94iUnVRdx-hPIGw3U5H6pNPgTU-Y1zCnyCY8ZNY9SgyYzuyaB_06mnY9mPqHdanZwe8YJFHT4lg2oUWQbtcIQYFnVr713C-ApacjnEkNhclcrAEWrhbZBP-9ZgpB6r_dA-Wrzre3JyKHStfEtlrJQNyJ_3xYyUvFxbya3sUet2d6QLEAe9gKvhZ6qdY_dSVu6b9gDDWKDQax7fWg&sai=AMfl-YQfiqPTocoPvPYbnLC34hVf5OAa76KXPMs-zahuwYT57jrx4fPOKuVbX5k_zrIstY1swrrHXYgSSXLOIM-e8_Qi6SmgMDYglXi4G2FvQiEplzy_p0X_OLbzTRHKYvEX4-r0blESlc6-Nl4Nf5IMYlYD0mKozA&sig=Cg0ArKJSzJQllAOZ0BRHEAE&fbs_aeid=[gw_fbsaeid]&urlfix=1&adurl=http://www.investopedia.com/simulator/?source=dfp-ros-sim&subid=dfp-ros-sim" style="box-sizing: border-box; color: #2c40d0;" target="_blank"></a>Put your trading skills to the test with our FREE Stock Simulator. 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Submit trades in a virtual environment before you start risking your own money.</div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8348604029721853278.post-69839849485853475832021-03-13T20:39:00.003+05:002022-07-30T22:57:56.406+05:00Insurance Coverage: A Business Necessity<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZnVF6vVy6BBTs2zyAvocQYeQ4JcFWb3Ta0fV1A5rnzzbtJFOjwuq8Om1yIIk5rPmRGwrU8xw0ll9n_QNtZzb2qZ_sR5XclL3jvzkENrtXmNJzvW16VcnJ3fTcWsK-DMtDn6o_umEADCVDgMXihOiozkiUKIO3xOjGO1JgZByejDIBLw009YOxAXc3/s1254/home-insurance.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="836" data-original-width="1254" height="333" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZnVF6vVy6BBTs2zyAvocQYeQ4JcFWb3Ta0fV1A5rnzzbtJFOjwuq8Om1yIIk5rPmRGwrU8xw0ll9n_QNtZzb2qZ_sR5XclL3jvzkENrtXmNJzvW16VcnJ3fTcWsK-DMtDn6o_umEADCVDgMXihOiozkiUKIO3xOjGO1JgZByejDIBLw009YOxAXc3/w500-h333/home-insurance.jpg" width="500" /></a></div><br /><h1 class="comp article-heading mntl-text-block" id="article-heading_2-0" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 3rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.1; margin: 0px 0px 1rem; padding-bottom: 1rem; position: relative;"><span style="font-size: 3rem; letter-spacing: 0.05px;">Insurance Coverage: A Business Necessity</span></h1><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Even when cash is scarce, or revenues are down, small businesses shouldn’t neglect their insurance needs. Businesses that are underinsured or without broad, proper, and adequate coverage are taking needless risks that could lead to serious financial problems or even bankruptcy. In a crisis, a business that has no insurance or is underinsured can be destroyed.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-1" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><div class="comp mntl-sc-block finance-sc-block-callout mntl-block" id="mntl-sc-block_1-0-2" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp theme-whatyouneedtoknow mntl-sc-block mntl-sc-block-callout mntl-block" data-tracking-container="true" data-tracking-id="mntl-sc-block-callout" id="mntl-sc-block_1-0-3" style="box-sizing: border-box; margin: 1rem 0px 2rem; position: relative;"><h3 class="comp mntl-sc-block-callout-heading mntl-text-block" id="mntl-sc-block-callout-heading_1-0" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1rem; font-weight: 400; letter-spacing: 0.05rem; line-height: 1.2; margin: 0px; padding: 1.5625rem 1.25rem 0.5625rem; text-transform: uppercase;">KEY TAKEAWAYS</h3><div class="comp mntl-sc-block-callout-body mntl-text-block" id="mntl-sc-block-callout-body_1-0" style="box-sizing: border-box; padding: 0px 1.25rem 1.25rem;"><ul style="box-sizing: border-box; list-style-image: initial; list-style-position: initial; margin-bottom: 0px; margin-top: 0px; padding-left: 1.5rem;"><li style="box-sizing: border-box; padding-bottom: 0.375rem;">Small business owners need to have broad, adequate insurance and should periodically review and update their coverage as their circumstances change.</li><li style="box-sizing: border-box; padding-bottom: 0.375rem;">Policies available to small businesses include business owner's policy, product liability, professional malpractice, and commercial insurance.</li><li style="box-sizing: border-box; padding-bottom: 0.375rem;">A homeowners policy can be an important complement to a business owner's policy, but it usually doesn’t cover claims related to a business conducted in the residence.</li><li style="box-sizing: border-box; margin-bottom: 0px; padding-bottom: 0.375rem;">Minimum insurance requirements for a business are often imposed by the state where it is located.</li></ul></div></div></div><span class="heading-toc" id="toc-insurance-basics" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-4" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Insurance Basics</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-5" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Insurance policies are contractual agreements between the insurer and the insured. The contract will detail such information as:</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-6" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><ul class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-7" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; list-style-image: initial; list-style-position: initial; margin-bottom: 1.75rem; margin-top: 0px; padding-left: 1.5rem;"><li style="box-sizing: border-box;">What is insured</li><li style="box-sizing: border-box;">The cost of the insurance</li><li style="box-sizing: border-box;">The conditions under which a claim may be made</li><li style="box-sizing: border-box;">The terms of payment if the claim is honored</li></ul><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-8" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-9" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Most insurance policies have deductibles—the amount of money that the insured must pay toward a claim before the insurance company pays anything. Usually, the higher the deductible, the lower the premium—or cost of the insurance. Premiums may be paid on a variety of schedules, including annually (the most common), quarterly, or monthly.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-10" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-11" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Policies will also indicate the period of time that they will be in force. In most cases, the insurance company, agent, or broker from whom the business owner bought the insurance will alert them when it needs to be renewed. But, just in case, it’s worth noting the date on a calendar and renewing by the deadline, so there is no gap in coverage.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-12" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><span class="heading-toc" id="toc-types-of-business-insurance-coverage" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><span style="background-color: white; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></span><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-13" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">Types of Business Insurance Coverage</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-14" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">There are a number of types of insurance that business owners may want to consider. The appropriate choices will depend on the kind of business, its size, and its particular risks.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-15" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><div class="comp native mntl-native" data-right-rail-index="3" id="native_1-0" style="--native-ad-height: auto; box-sizing: border-box; height: var(--native-ad-height); width: 596px;"><div class="comp scads-to-load mntl-native__adunit mntl-gpt-dynamic-adunit mntl-gpt-adunit gpt native dynamic js-lazy-ad is-requested" id="mntl-native__adunit_1-0" style="box-sizing: border-box; text-align: center;"></div></div></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-16" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">Business Owner's Insurance</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-17" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">A business owner insurance policy offers small and midsize companies broad protection against financial loss. If their property is damaged by fire or flooding, for example, then the insurance company may pay the cost of repairs. It also might cover the owner’s legal liability for bodily injury to someone if the business is held accountable.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-18" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-19" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Exactly what business owner insurance covers will be specified in the policy. An all-risk policy, which covers every eventuality except for specifically cited exclusions, offers more protection than a named perils policy, which only covers the risks that it names.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-20" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-21" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Among the risks that may be covered in a business owner’s policy are:</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-22" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><ul class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-23" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; list-style-image: initial; list-style-position: initial; margin-bottom: 1.75rem; margin-top: 0px; padding-left: 1.5rem;"><li style="box-sizing: border-box;">Fire</li><li style="box-sizing: border-box;">Flooding (for instance, when a pipe bursts; for natural disasters, you’ll need to get flood insurance)</li><li style="box-sizing: border-box;">Other sources of property damage</li><li style="box-sizing: border-box;">Theft</li><li style="box-sizing: border-box;">Bodily injury</li><li style="box-sizing: border-box;">Business interruption for specified reasons</li></ul><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-24" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-25" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">Product Liability Insurance</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-26" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">This type of insurance, obtained at additional cost, may be a necessity if you sell a product that has the potential to injure a user. If you sell a product that injures someone—even if you did not design, manufacture, or distribute the product—then you may have legal liability that should be covered.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-27" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-28" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">Commercial Insurance</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-29" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">A commercial insurance policy may be required if your business is larger and more complex than a simple single-owner or partnership retail operation, or is a service-oriented business or professional practice. (A professional practice may also require malpractice insurance, which is covered below.)</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-30" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-31" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Businesses that may require a commercial insurance policy include manufacturers, restaurants, and commercial real estate operators. A commercial policy is typically more expensive than a business owner's policy because the risks are correspondingly higher and potentially more costly to the insurance company.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-32" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-33" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">Professional Malpractice Insurance</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-34" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Professions (including those listed below) that give advice and/or provide services may require professional malpractice insurance to protect themselves from substantial liability in the event of a lawsuit.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-35" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><ul class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-36" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; list-style-image: initial; list-style-position: initial; margin-bottom: 1.75rem; margin-top: 0px; padding-left: 1.5rem;"><li style="box-sizing: border-box;">Medicine</li><li style="box-sizing: border-box;">Dentistry</li><li style="box-sizing: border-box;">Law</li><li style="box-sizing: border-box;">Accounting</li><li style="box-sizing: border-box;">Advertising</li><li style="box-sizing: border-box;">Financial planning</li><li style="box-sizing: border-box;">Occupational therapy</li><li style="box-sizing: border-box;">Computer analysis</li><li style="box-sizing: border-box;">Journalism</li><li style="box-sizing: border-box;">Psychotherapy</li><li style="box-sizing: border-box;">Real estate</li></ul><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-37" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-38" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Insurers calculate premiums for malpractice insurance based on actuarial data for risk, dollar damages, and other relevant factors. Prices vary widely depending on the profession, its subspecialties, and the specific services or advice offered.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-39" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-40" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Neurosurgery, for example, is a profession that carries a high premium for malpractice insurance, while a single-owner, private-practice accountancy normally would pay a smaller premium.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-41" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-42" style="background-color: white; box-sizing: border-box; color: #111111; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; letter-spacing: 0.05px; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">Homeowners Insurance</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-43" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Home-based businesses that are run from a private residence need to have a comprehensive homeowners policy as a complement to business owner's insurance.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-44" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-45" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Coverage typically includes:</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-46" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><ul class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-47" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; list-style-image: initial; list-style-position: initial; margin-bottom: 1.75rem; margin-top: 0px; padding-left: 1.5rem;"><li style="box-sizing: border-box;">Home or personal property damage caused by fire or storms</li><li style="box-sizing: border-box;">Medical costs of occupants’ injuries caused by fire, storms, wind, and lightning</li><li style="box-sizing: border-box;">Medical and legal expenses of other people accidentally injured in the insured home</li><li style="box-sizing: border-box;">Loss or theft of specified personal property, either in or away from the insured home</li></ul><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-48" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-49" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">However, a homeowners policy doesn’t cover claims related to a business conducted in the residence. For example, if a customer or delivery person is injured on the premises, then any claim arising from that injury would not be covered by the homeowners policy.</p><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-53" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Under certain circumstances, if you have a home-operated business in which risks are minimal, then you can ask to have a low-cost rider or endorsement added to your homeowners policy to cover damage to your business assets; however, some insurers will not let you cover your business if your customers, employees, or vendors visit your home.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-54" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-55" style="background-color: white; box-sizing: border-box; color: #111111; counter-reset: section 0; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; margin-bottom: 1.75rem; margin-top: 0px;">Coverage also may not apply to costly equipment or inventory used or stored on the premises, or if hazardous or combustible materials are used or stored there.</p>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-8348604029721853278.post-41216779507777630842021-03-11T14:53:00.009+05:002022-07-30T22:39:05.900+05:00How to Compare Home Insurance Companies<div class="comp article-body-content mntl-sc-page mntl-block" data-bind-scroll-on-start="true" data-sc-ad-label-height="0" data-sc-ad-track-spacing="90" data-sc-breakpoint="50em" data-sc-content-positions="[300, 1, 1, 1250, 1, 1, 1, 1]" data-sc-load-immediate="2" data-sc-max-track-height="600" data-sc-min-track-height="250" data-sc-sticky-offset="80" id="mntl-sc-page_1-0" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px;"><h2 class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading" id="mntl-sc-block_1-0-94" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; font-weight: 400; line-height: 1.2; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-heading__text" style="box-sizing: border-box;">How to Compare Home Insurance Companies</span></h2><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-95" style="box-sizing: border-box; counter-reset: section 0; margin-bottom: 1.75rem; margin-top: 0px;">When looking for an insurance carrier, here's a checklist of search and shopping tips.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-96" style="box-sizing: border-box;"></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-97" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">1. Compare statewide costs and insurers</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-98" style="box-sizing: border-box; counter-reset: section 0; margin-bottom: 1.75rem; margin-top: 0px;">When it comes to insurance, you want to make sure you are going with a provider that is legitimate and creditworthy. Your first step should be to visit your state’s Department of Insurance website to learn the rating for each home insurance company licensed to conduct business in your state, as well as any consumer complaints lodged against the insurance company. The site should also provide a typical average cost of home insurance in different counties and cities.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-99" style="box-sizing: border-box;"></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-100" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">2. Do a company health check</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-101" style="box-sizing: border-box; counter-reset: section 0; margin-bottom: 1.75rem; margin-top: 0px;">Investigate home insurance companies you’re considering via their scores on the websites of the top credit agencies (such as A.M. Best, Moody's, J.D. Power, Standard & Poor's) and those of the National Association of Insurance Commissioners and Weiss Research. These sites track consumer complaints against the companies as well as general customer feedback, the processing of claims, and other data. In some instances, these websites also rate a home insurance company's financial health to determine whether the company is able to pay out claims.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-102" style="box-sizing: border-box;"></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-103" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">3. Look at claims response</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-104" style="box-sizing: border-box; counter-reset: section 0; margin-bottom: 1.75rem; margin-top: 0px;">Following a large loss, the burden of paying out-of-pocket to repair your home and waiting for reimbursement from your insurer could place your family in a difficult financial position. A number of insurers are outsourcing core functions, including the handling of claims.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-105" style="box-sizing: border-box;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-106" style="box-sizing: border-box; counter-reset: section 0; margin-bottom: 1.75rem; margin-top: 0px;">Before purchasing a policy, find out whether licensed adjusters or third-party call centers will be receiving and handling your claims calls. “Your agent should be able to provide feedback on his or her experience with a carrier, as well as its market reputation,” says Mark Galante, president of field operations for the PURE Group of Insurance Companies. “Look for a carrier with a proven track record of fair, timely settlements and make sure to understand your insurer’s stance on holdback provisions, which is when an insurance company holds back a portion of their payment until a homeowner can prove that they started repairs.”</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-107" style="box-sizing: border-box;"></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-108" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">4. Current Policyholder Satisfaction</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-109" style="box-sizing: border-box; counter-reset: section 0; margin-bottom: 1.75rem; margin-top: 0px;">Every company will say it has good claims service. However, cut through the clutter by asking your agent or a company representative the insurer’s retention rate—that is, what percentage of policyholders renew each year. Many companies report retention rates between 80% and 90%. You can also find satisfaction information in annual reports, online reviews and good old-fashioned testimonials from people you trust.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-110" style="box-sizing: border-box;"></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-111" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">5. Get Multiple Quotes</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-112" style="box-sizing: border-box; counter-reset: section 0; margin-bottom: 1.75rem; margin-top: 0px;">“Obtaining multiple quotes is important when looking for any type of insurance; however, it is especially important for homeowner's insurance since coverage needs can vary so much," says Eric Stauffer, former president of ExpertInsuranceReviews.com. "Comparing several companies will yield the best overall results."</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-113" style="box-sizing: border-box;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-114" style="box-sizing: border-box; counter-reset: section 0; margin-bottom: 1.75rem; margin-top: 0px;">How many quotes should you get? Five or so will give you a good sense of what people are offering and leverage in negotiations. But before collecting quotes from other companies, request a price from insurers you already have a relationship with. As previously mentioned, in many instances, a carrier you’re already doing business with (for your auto, boat, etc.) may offer better rates because you're an existing customer.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-115" style="box-sizing: border-box;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-116" style="box-sizing: border-box; counter-reset: section 0; margin-bottom: 1.75rem; margin-top: 0px;">Some companies provide a special discount for seniors or for people who work from home. The rationale is both these groups tend to be on-premises more often—leaving the house less prone to burglary.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-117" style="box-sizing: border-box;"></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-118" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">6. Look beyond price</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-119" style="box-sizing: border-box; counter-reset: section 0; margin-bottom: 1.75rem; margin-top: 0px;">The annual premium is often what drives the choice to purchase a home insurance policy, but don't look solely at price. “No two insurers use the same policy forms and endorsements, and policy wording can be very different,” says Bank. “Even when you think you're comparing apples to apples, there's usually more to it, so you need to compare coverages and limits.”</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-120" style="box-sizing: border-box;"></div><h3 class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading" id="mntl-sc-block_1-0-121" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.375rem; font-weight: 400; line-height: 1.5; margin: 0px 0px 0.5rem;"><span class="mntl-sc-block-subheading__text" style="box-sizing: border-box;">7. Talk to a Real Person</span></h3><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-122" style="box-sizing: border-box; counter-reset: section 0; margin-bottom: 1.75rem; margin-top: 0px;">Stauffer feels the best way to get quotes is to go directly to the insurance companies or speak to an independent agent who deals with multiple companies, as opposed to a traditional “captive" insurance agent or financial planner who works for just one home insurance company. Bear in mind, though, “a broker licensed to sell for multiple companies often attaches their own fees to policies and policy renewals. This could cost hundreds extra a year,” he notes.</p><div class="comp mntl-sc-block mntl-sc-block-adslot mntl-block" id="mntl-sc-block_1-0-123" style="box-sizing: border-box;"></div><p class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html" id="mntl-sc-block_1-0-124" style="box-sizing: border-box; counter-reset: section 0; margin-bottom: 1.75rem; margin-top: 0px;">Bank urges consumers to ask questions that give them a detailed sense of their options: “You want to consider different deductible scenarios to best weigh if it makes sense to opt for a higher deductible and self-insure,” he says.</p></div><div class="comp textnote-placeholder mntl-block" id="textnote-placeholder_8-0" style="background-color: white; box-sizing: border-box; color: #111111; font-family: SourceSansPro, sans-serif; font-size: 18px; letter-spacing: 0.05px; position: relative;"><div class="textnote__inner" style="box-sizing: border-box;"><div class="textnote__heading" style="box-sizing: border-box; font-family: Cabin-semi-bold, sans-serif; font-size: 1.625rem; line-height: 1.2; margin: 0px 0px 0.5rem; padding-right: 4.75rem;">Compete Risk Free with $100,000 in Virtual Cash</div><a href="https://adclick.g.doubleclick.net/pcs/click?xai=AKAOjsuFXBpClT8K_YO2f5rgv7iyMwz5Wc34jPJ3sm9FpRuFmZTvb0qydrgTolzT16hoebeDHVowLeEJSh7VV14maW1xPV9wYXPzpjotm_7-XF9uAjxe7lRfzj1wkf0-eWDuCOijDeXAAIVbNGlzWLlZDZA4jNyZ-atZPsiRW5h85-st3fklin55QUTZu0q4ZWuTie-z8RLj9N645ZIe74gOS8iZHjFfQZGDeIYSV2nT5v4miT3ekqfP2A-gED7rHzJu6VH5cucVHxlqlH_PTqz4j3cbnDIqaL2fmM2ByRrTMaA7dMGiwWNH4j5VQe-b-m-8uK-usdIGpJ2tB4Vw6FTGtg&sai=AMfl-YS7AR-tq__Fe2hNJcps_yDPgBvGjoLLu2kYIILxcKTtITMyTfHUY40dUx0o5HPJqNqZszqCoDCTWHFhVD688Yauxa0AVn-Tts1LXGfJEtZ5wPpBimcwfqfTd3-1OgAWzr7Wh9cRi249weNBcDShcg9XmjMlnQ&sig=Cg0ArKJSzNcZMmQntymIEAE&fbs_aeid=[gw_fbsaeid]&urlfix=1&adurl=http://www.investopedia.com/simulator/?source=dfp-ros-sim&subid=dfp-ros-sim" style="box-sizing: border-box; color: #2c40d0;" target="_blank"></a>Put your trading skills to the test with our FREE Stock Simulator. 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