Home Owner Insurance and Term Life Insurance Basics

By Jeff Jarred

As a responsible parent, you know that keeping your home and family safe is always a top priority. While a responsible adult will be able to provide for himself (or herself) and the rest of the family, there are unexpected situations that can negatively impact the quality of life of the entire family, such events include but are not limited to house fires, flood, earthquake, death of the head of the household, etc.

When any of the events mentioned happens, your savings account may not be enough to cover for the expenses of your family and the expenses incurred in order to get everything back as it was before the mishap, this is where an insurance policy comes in handy. There are two types of insurance policies that no family should be without, those are home insurance and life insurance, let's take a look at each one of them.

Homeowners Insurance

"Home is where the heart is" -- this is a beautiful quote that homeowners hold dear, most property owners will undoubtedly say that they would have no idea what they would do if they were to lose their house and the valuable possessions they have in them. Thinking about such cases insurance companies have created special policies that cover private properties. Whilst the details of the policy may vary from company to company their purpose is one and the same, to protect the home of the account holder.

The details of the policy will also change from state to state, for instance people who live in California may have to pay a higher premium for earthquake insurance because of the fact that such a state is known to have many earthquakes. A higher premium may also be required in order to insure a property from floods. When it comes to setting the coverage of a home owners insurance policy, the providing company will assess the situation in order to come up with a reasonable figure, this means that if a property is located close to a fire station it is very unlikely for the house to be destroyed due to fire, the same can be said of people who purchase protection from alarm companies.

Term life insurance

Some will say that this concept sounds very much like traditional life insurance but, it is important to note that there is a difference between the two, a traditional or whole life insurance is a policy that accumulates value over time and it is not possible to outlive the policy. With term life insurance a beneficiary is only covered for a set amount of time, this may be 5, 10 or 20 years, and this type of policy does not accumulate cash value.

The purpose of a term life insurance is to provide for the financial responsibilities of the policyholder in a way that is affordable. When we compared these two types of policies we can see that whole life policies are often more expensive than those that are arranged by a term but this does not mean that people who opt for term life insurance will not receive the same type of benefits that goes with whole life policies do.

As you see, homeowners and life insurance are to policy types that you and your family cannot live without, this is because if something were to happen to you or your home, your love ones with the thrown into financial oblivion.

Themoneyalert.com offers more information about home owner insurance as well as Term insurance. To get an affordable Home Insurance Quote visit our website today!

Why Buy Mortgage Payment Protection? Is it Really Worth It?

By Jason Davidson

When you sign up for a new mortgage, you may be a little anxious and fearful while you try to figure out how you'll be able to pay for the monthly fees with your current job much less if you unexpectedly lose your job. Well, you don't have to worry so much, as you can opt for a mortgage unemployment insurance policy.

You will find that there are a few companies that offer insurance policies that will pay all or part of your monthly mortgage payment if your unexpectedly lose your job due to causes that were not your fault.

Mortgage unemployment insurance protection plans have actually been around for several years. There have been several small and even large companies that offer the mortgage unemployment insurance plans, but they never marketed the insurance option.

Now, that the state of affairs is drastically changing, more companies have started moving into the market and begun marketing mortgage unemployment insurance to the public.

The mortgage unemployment insurance is actually pretty simple. Basically, if you lose your job because the company is closing or changing so that they no longer need your skills or services, you will be covered. If you quit your job, get fired or agree to redundancy, you will not be covered after you lose your job.

If you are covered by your mortgage unemployment insurance when you lose your job, after the wait period has expired, you will begin to receive the cash to help pay for your mortgage.

Depending on your plan, you will either receive full or partial coverage for your monthly mortgage payments.

Before you pick a company to purchase mortgage unemployment insurance with, you'll want to shop around and check out the different fees and charges that are associated with the different plans and ad-ons.

You will want to make sure that you get the best coverage for your money, as you will be paying a monthly fee in order to keep your mortgage unemployment insurance.

Plus, but shopping around, you'll be able to not only find the cheapest fees, but you'll be able to find a plan that will cover you the best.

Many people have found mortgage unemployment insurance a big relief, as they have the extra time to find a job that will match their previous income so that they can afford their mortgage payments as well as other monthly commitments.

The mortgage unemployment insurance plans will help relieve the stress that can potentially build up over how you will pay your bills and mortgage after you've unexpectedly lost your job.

Jason R Davidson owns and operates http://www.mortgage-payment-protection.us For more articles and information on how to make sure you don't get ripped off when you buy Mortgage Payment Protection check out our main site.

Professional Liability Insurance Vs General Liability Insurance

By James Cochran

Intrinsically, insurance is based on the principles of protecting a person or business from particular risks. This can include anything from natural disasters to theft to property damage.

Yet, when it comes to business, the kinds of risk can be far more significant, as well as far more costly. Not only are you responsible for what happens to your own property and employees, but you're also responsible to the people with whom your business comes in contact. General liability insurance covers these risks and protects your company from possible adverse financial situations. Professional liability insurance also covers those same risks, but is more specific to certain professional fields.

The Concern of Liability

Liability is a concern for businesses because a business is responsible not only for harm and damages done as a direct consequence of doing business, but also as an indirect consequence of doing business.

This, unfortunately, entails a wide selection of possibilities. A mistake made months or years ago by you or your employees could have caused harm to someone by a third party using your product or service. Regrettably, it's nearly impossible to predict everything that may happen as a result of your business services or products. Professional liability insurance and general liability insurance are thus critical in protecting your interests and the interests of your company. Otherwise, the risks of putting yourself and your business in serious financial jeopardy are limitless.

The Differences

General liability insurance and professional liability insurance are like two sides of a coin. Whether it's personal, business, or corporate insurance, insurance packages and providers envelop a range of different facets for individuals and groups of individuals. Though the boundary is sometimes blurred between the diverse insurance coverage provided by either general liability or professional liability insurance, there are surely differences between the two.

Ultimately, the differences between general liability insurance and professional liability insurance put them in different categories, which include business insurance, and general insurance. Knowing the disparities and acquiring the most suitable insurance is a critical move for your company. Insurance should always be an integral part of your business.

Policies considered general liability insurance typically address claims of bodily injury or property damage liability. Most companies are already familiar with general liability coverage including: injury, environmental impact, casualty, and more of the like.

Professional liability insurance differs in that it pertains to negligence associated with your professional services. The damage is typically financial, rather than physical. Accordingly, a professional such as an accountant would be expected to perform in a certain manner and abide by a set code of conduct. Violating those principles could hold the accountant responsible for harm or damages done to others. A management consultant may have a different set of professional expectations to abide by. Both professionals must stand by their particular professional standards, or could be subject to liability suits and resulting damages.

As with general liability insurance, professional liability insurance is crucial because it covers the indirect consequences of your conduct. Even a phone conversation with a third party advising them on how to deal with one of their own clients can leave you liable for your conduct. Consequently, professionals always need to practice the utmost care when carrying out their duties. In order to be vigilantly careful, it's important to have the appropriate general liability insurance, and the proper professional liability insurance that may save you from financial harm.

About the Author: James Cochran is the founder of Techinsurance, which has been providing high quality business liability insurance at a reasonable price to IT firms across the nation since 1997. They quickly became a leader in the online insurance industry, and have since maintained their position as one of the top IT insurance providers

Pay Less For Insurance

By Iyke Phelim

Insurance premium can be reduced if you know the appropriate way to follow. You might fall under the class where the co-payments and deductibles reduce the free flow of cash in your business. Also many will ask of the possibilities of having a home based business and be able to save money. There easy you could go about paying less for insurance.

List out your needs; know the type of insurance that will suit your home based business.

Ask yourself if you have any asset that requires any insurance and also make sure the asset(s) is profit bringing. Having your priorities listed you will now go for the right insurance you need.

In search of insurance company make sure you get involved with ones with full packages to offer. For instance you might come across insurance company with good package of covering properties, liability, loss of income and records. With this you can pay for one premium while enjoying different services and end up saving more money for yourself.

Insurance company is not a company you walk in without having little or more knowledge of the insurer. Get familiarize with the different business support organization like the local chamber of commerce which have better plans for its members. Sometimes the larger the number of members in this groups the lower the insurance rate. You can become a member of this group by paying all the fees.

Meet with your agent concerning how you can lower your business insurance cost. Ask him if installing a security gadget can reduce your insurance premium.

AUTHOR: NDIMELE IKECHUKWU PHELIM "IYKE PHELIM" QUALITY SERVICE PROVIDER. LOANS. INSURANCE. QUOTES AVAILABLE ONLINE. Qualify Fast.. VISIT: http://refinancing.best-loans-info.com http://best-loans-info.com

4 Tips to Help You Claim Insurance Benefits

By Diana Joseph

Chris was involved in an accident and couldn't go to work for a few weeks. He wasn't worried since he had accident insurance which entitled him to claim insurance benefits for that period. However, when Chris' claim was processed, the claim amount he received was much lower than what he asked for.

Why did this happen? In Chris' case, he made a few mistakes while filing his claim. You can prevent the same thing from happening to you by following these simple tips while claiming insurance benefits.

Tip 1: Submit valid documentation

The most common reason for reduced insurance benefits from claims is insufficient documentation. Insurance companies rely on the claimant's lack of legal knowledge to drive down claim amounts. You can avoid this by carefully reading the fine print in your policy and providing complete and up-to-date documentation as required. A better option would be to engage the services of an injury claims lawyer who can help you with the required claim procedure.

Tip 2: Back up your claim with evidence

Ensure that you provide all necessary evidence to substantiate your claim for insurance benefits. This includes medical reports, doctor's bills, recent paychecks (to calculate income lost), police statements, etc. Excluding any relevant bit of evidence may make a big difference to your claim.

Tip 3: Prepare for routine checks

Remember, the insurance company is not your friend. When an insurance agent calls you, it is his job to get you to settle for a lower claim. Your accident lawyer can help you prepare for these calls by guiding you on how much information you can divulge and trick questions to avoid.

Tip 4: Be honest with your claim

This may seem obvious, but it is actually one of the most important factors in claiming insurance benefits. If the insurance company's enquiries fail to verify the information you have presented, you could wind up with little or no insurance benefits at all. In addition, you may even be in trouble for filing a fraudulent claim.

Diana Joseph has an in-depth knowledge in dealing with injury claims. She has written numerous articles on injury claims issues, particularly those involving car accident and other topics of claims. Please contact her for further information on claims related issues.

Digital Insurance

By David Collins

With the advent of downloadable content on the internet and the rise of social networking websites, our buying habits have gone through a change when it comes to purchasing music.

With a wide range of mp3 players on the market and a variety of methods for selecting and downloading music, the choice for consumers is endless.

As we move away from the world of CDs and film reels into an age where music and photographs are stored and shared digitally, so the value of the data we keep on our computers is on the increase.

As a result, the risk of loss and theft has also increased, many now leave the house with packed music players and laptops - which may contain music files that run into thousands of pounds and priceless personal photographs and images for business purposes.

The thought of such equipment, and the data contained on it, being lost or stolen is enough to send a shiver down the spine of any music lover, graphic designer or social networking addict.

Whilst you are able to include electrical equipment - such as stereos and computers - on your home insurance policy, newer equipment such as mp3 players were not usually included in the list of contents that are covered by their policies.

However, many insurance companies are now beginning to include digital content - such as music, digital photographs and video game files - as part of home contents cover.

Keeping a record of your downloads can be crucial when it comes to making a claim, usually this can be done by e-mail - so printing the receipts and keeping them safe can be very beneficial should anything happen to your computer.

In order to ensure that your digital data is kept safe and secure, it's best to keep a backup of all your important data. Its also essential to ensure that you have updated anti-virus software installed on your computer, for your cover might not extend to loss and damage as a result of a computer virus.

External hard-drives are becoming more freely available and cheaper to purchase, so it can be worth buying one to give yourself a bit of reassurance and to keep your most important data secure.

It's always best to check with your contents insurance provider to see if there is the potential to cover your digital data. Many companies will offer the chance to insure your files as an add-on to your existing policy.

Looking for cheaper contents insurance? Compare a range of insurance providers to find a deal to keep your data safe.

Health Care Fraud - The Costly Deception?

By Daniel J Osborne

For years significant resources have reportedly been directed towards combating health care fraud by insurers, regulators, law enforcers and legislators. Yet, despite these reported efforts, it would appear, based on the annual estimates, the problem continues to grow and flourish.

Could this indicate that health care fraud is at epidemic proportions and can't be stopped as our health care system is infested with health care providers who will stop at nothing to make a buck? I think not.

My experience, over two decades of working with insurers, law enforcers, regulators and health care providers, suggests that most health care providers are honest, ethical and strive to do the right thing!

Additionally, my experience has provided me with the opportunity to see the fraud problem from both sides, that of enforcement and the provider. When viewed from both perspectives, it is readily apparent that our health care fraud problem is caused by a number of factors, including:

1. Inadequate education for health care providers relative to coding and payer standards.

2. Deviant providers.

3. Inadequate training for claims handlers and claims investigators on coding and provider standards.

4. Inept claims handling and claims investigations by insurers prior to paying claims.

5. Lack of communication from insurer to provider on what is required.

6. Paucity of reliable training for law enforcers regarding the investigation of health care fraud - from identification to prosecution.

7. Tag-a-long investigators looking for organizational stats resulting in the inefficient use of law enforcement resources.

8. Lack of interest or commitment by prosecutors - big cases big problems, little cases little problems.

9. Lack of accountability for all segments of the health care delivery system - provider, payer, regulator and enforcer.

Insurers, the main reporter and victim of the fraud, indicate that all policyholders pay for the fraud in the form of higher premiums. According to the National Insurance Crime Bureau, the average American household will pay $200 more every year in premiums to pay for the fraud.

Insurers are very aggressive in reporting how costly the problem is, revealing estimates of double-digit percentages of claims submitted that are fraudulent, and billions of dollars lost each year due to fraud. These reports and estimates weigh heavily in the minds of state insurance regulators when they allow insurers to raise premiums.

Basically, what insurers and others refer to when they reveal their estimates on the frequency and costs of health care provider fraud is the billing for services not rendered, billing for services that are substandard and/or unnecessary, billing for services that misrepresent the nature of the service provided, billing for services that misrepresent the actual service provider...

The sweeping nature of the attention health care providers are getting, even those not engaged in fraudulent activity, by insurers in post-payment audits is unprecedented, and may take away from the ability of our health care providers to do what they do best - make people better! It is unfortunate that today, health care providers may spend more time documenting and defending their services to a multitude of sources, to include insurers, regulators and law enforcers, then they do providing health care services to patients.

Health care fraud is a crime that should be dealt with swiftly, responsibly and severely! But, health care fraud should not be used as a vehicle for one to prosper at another's expense. Insurers are in the business of making money, and they are doing just that, making money - making a lot of money! This money comes from premiums collected on the sale of policies to consumers seeking protection from future (unknown) losses.

Many insurers are in a position to limit their potential health care claims exposure as they possess the ability to tell insureds' what doctor they can see, what treatment services they can get, and how much will be paid for the services.

Further, insurers may capriciously limit payment on health care claims denying health care services reported by health care providers, asserting the services were illegitimate, claiming the services were fraudulent. Many insurers conduct claims-evaluations, reportedly for the purpose of determining if the health care services rendered by the provider were usual, customary and/or reasonable (UCR). Consider that by definition, "fraud is the knowing and willful deception or misrepresentation of the facts with intent to receive an unauthorized payment."

Wouldn't such an evaluation be considered a fraud evaluation? It is purportedly done for the purpose of determining if the health care provider misrepresented the nature of the services provided and reported, i.e. fraud.

Unfortunately, the UCR evaluation seems to have little to do with actual fraud fighting, but everything to do with cost containment and the bottom line for insurers. These evaluations typically do not identify that the health care provider did not provide the reported services, but instead report subjective opinions of consultant providers who usually do not even see the patient. In many cases, insurers may successfully reduce the health care provider's billings using UCR evaluations - not because the evaluations were accurate, but because the health care provider did not have the knowledge or necessary resources to fight back.

The effectiveness of these evaluations as a means to combat fraud is questionable, and may be non-existent.

Check with your state insurance regulators and health care boards to determine if insurers refer their UCR evaluations to them for fraud investigations, and, if so, ask them how many. Ask your local law enforcers how many cases they investigate or prosecute that were based on UCR evaluations.

Further, ask your insurer what percentages of their estimated losses due to health care fraud include UCR evaluations. And, ask your insurer why, with their duty and ability to examine all claims, are they unable to do a better job in not paying fraudulent claims.

Interestingly, since the late 1980's, health care providers have had a standard coding system. This system, known as Current Procedural Terminology (CPT), is used by providers to report and bill for health care services rendered to patients.

CPT was promulgated by the American Medical Association (AMA) so that all health care providers, regardless of discipline, could accurately report their services and be compensated for services rendered.

Although CPT has been around for decades, there are no standards of education and training required of health care providers for the proper use of the codes, or insurers for what the codes mean. This may lead to a systematic problem in our health care system, as an unnecessary adversarial system is created between our health care providers and health care payers based on an 'attack and defense' of billing codes and treatment records.

Both are looking at the codes, viz., one for the purpose of reporting services to seek compensation, and the other for determining what they will pay.

It should be evident, from the annual reports, if they are accurate, that our health care fraud problem will not be solved solely by amassing a large amount of resources to attack the problem, creating consortiums to share information and research the problem, or with the introduction of additional laws or regulations from politicians stumping for re-election. The investigation of health care fraud for the purpose of prosecuting the offenders is needed. But, also needed is a mandatory educational process for our providers, insurers and investigators on combating health care fraud.

The health care fraud problem is too complex to be battled by the few. Health care fraud is a problem that demands a greater participation by the principals of our health care system, so as to increase the likelihood that our successes in combating this costly problem will be enhanced, identifiable and verifiable.

Health care fraud is a problem - just read the news, but it is a problem that can and must be successfully addressed. This will only happen once our fraud-fighting team is completely accountable and includes the active participation of health care providers.

There is no stronger voice against health care fraud then that of honest and ethical health care providers - who, by the way are also insurance and health care consumers and part of the premium paying public. Most health care providers do not engage in fraud and would like to see those who do be stopped and put out of business. However, the current fraud fighting arena has health care providers - even the honest and law-abiding ones, pitted against insurers and others.

Health care providers who are not engaged in fraudulent activity must endure aggressive and invasive encounters with insurers to get paid for legitimate services provided. This process has a counterproductive effect on our overall success in combating health care fraud.

Health care providers who are not engaged in fraudulent activity may possess information and knowledge that would be useful in assisting health care fraud fighters. These providers could potentially assist at the street-level on the identification of health care providers engaged in fraud.

Furthermore, health care providers who are not engaged in fraudulent activity may assist fraud fighters with establishing the evidence to support prosecutions of the fraud. However, with the current adversarial system, health care providers who are not engaged in fraudulent activity may have neither the opportunity nor desire to assist fraud fighters as they are fighting payers for their mere financial existence.

Maybe it is time the various health care disciplines and health care provider associations formed an alliance to be the provider's action arm to work closely with law enforcers in attacking insurance and health care fraud, just as the insurance industry purports to do. And, just maybe, with such an alliance, we would actually see a drop in the annual estimates of the costs attributed to health care fraud - currently they range, depending on the source, from $20 to $160 Billion.

Daniel J. Osborne, M.S., is a renowed expert on health care fraud issues and recognized authority on health care compliance. He can be contacted at Chripractic Compliance Consultants, Inc., 18065 238th Street,Tonganoxie, Kansas 66086, 913-369-9000, http://www.cccpfc.com

Diligence and Prudence Are the Key to Finding Low Insurance Rates Online

By Cory Waldron

Comparison shopping has always been the key to finding great prices for a variety of products and services--insurance is no different. It's possible to save hundreds of dollars each year-the equivalent of multiple car payments-simply by spending the time and effort to track down several quotes on insurance for your motor vehicle. With many companies in Wesley Chapel, Tampa, and Lutz offering auto insurance (as well as homeowner's and commercial insurance), competition benefits the consumer as companies cut price structures to attract new clients.

Although it's certainly convenient to research and purchase insurance online, prudent consumers take a few precautionary measures.

* Only search for rates from companies you trust

* Make sure that the forms you fill out are on securely encrypted sites

* Never make an impulse buy without thoroughly researching the company in question

* Be sure you get hard copies of any quotes or policy information, as some websites change daily.

* If anything about the site, company, or policy seems fishy, contact your state's insurance department before proceeding.

And if you can save money by comparison shopping for your insurance needs in the Wesley Chapel, Tampa, or Lutz, you can save even more by bundling insurance services. As many providers offer more than one type of insurance-homeowner's, auto, commercial, and health insurance-it benefits the consumer to place all their business with one provider. Many providers offer discounts of up to 20% for bundled insurance services, which only increases the amount of money retained by wise consumers who diligently search for the best insurance deals.

Cory Waldron is with Accurate Insurance Mart, a leader in providing personal auto insurance, homeowners insurance and other insurance lines in Zephyrhills, Wesley Chapel, New Tampa, and Tampa Florida . To learn more and get a quote, visit http://www.insurancebyaim.com/.

Plastic Surgery Insurance - Is Your Procedure Covered?

By Clare Eisenman

Plastic surgery can be covered by your medical insurance plan. Most major medical plans will cover reconstructive plastic surgery. What this means, is that if you require surgery to correct an abnormality in your body that is congenital (inherited) or developmental or if the abnormality is a result of disease, trauma, tumors, or infection, then the surgery is reconstructive. That is the American Medical Association's (AMA) definition.

According to this same organization cosmetic surgery is elective. It is done primarily to reshape normal body structures as a means of improving the patient's self-esteem and appearance.

There are several important things to remember. First, neither your doctor or the AMA makes the final call as to what is reconstructive and what is cosmetic---the insurance company does. For example in the not so distant past, circumcision on newborn boys was considered reconstructive and all insurance polices covered it. Today, a great many insurance companies no longer cover infant circumcision because they now view it as cosmetic.

The American Society of Plastic Surgeons as compile a list of surgical procedures that you insurance company may consider covering. The are:

(1) Nasal surgery provided the surgery is performed to correct problem breathing or a deformity of birth or disease.

(2) Ear surgery to correct a birth, disease, or injury deformity.

(3) Breast surgery to correct asymmetry (one breast larger than the other). Or to reduce larger breasts that cause health problems for the lungs or back. And to reduce large male breasts.

(4) Facial surgery only if it is to rebalance the face after a stroke.

(5) Hand surgery to treat Dupuytren's contracture, carpal tunnel, nerve and tendon injuries and deformities.

(6) Eyelid surgery is often approved to correct problems that interfere with vision or to correct a deformity due to injury or disease.

If you are considering plastic surgery of any type consult with your insurance company and your surgeon to see if your procedure is covered.

Are you aware whether your plastic surgery procedure is covered under insurance or not? Find out more about plastic surgery costs. Visit http://www.cosmeticsurgery-cost.com/ to discover in depth details.

Will the Credit Crunch Affect Our Insurance Premiums?

By Buz Seoman

As times become a little bit harder and we are forced to tighten our purse strings due to the current credit crunch, and huge financial organizations such as the Royal Bank Of Scotland who owns Direct Line, Churchill Insurance, Green Flag and many more brand insurance names, announcing losses we sit and wait to see how these insurance companies in general will react to the credit crunch, will they increase insurance premiums or not? There are two things to consider, do they reduce their premiums in the hope to get more customers and be more competitive, or do they increase their premiums in the hope of recouping any losses.

Lets break the options down

Car Insurance

As this is a legal requirement you would think it would be unlikely that this market will be affected much, presuming an insurance company makes as much profit on a small cars premium that a larger engined one, taking into consideration he risk factor. However, there is a risk that this will become the only guaranteed insurance purchase a normal family will make.

Home Insurance

This is where those families that are feeling the pinch may just delay paying their renewal home insurance premium, until funds are available or maybe choose not to renew at all. This is the first level of reduced sales that the insurance organizations will need to recoup their profits. Of course not having home content insurance can be very dangerous, financially if you were to surfer a fire or theft. Buildings insurance however, may stay constant, as it is a normal requirement of having a mortgage, so there is a likelihood of buildings insurance premiums increasing.

Life Insurance

If you already have an ongoing policy it is unlikely that many would stop paying into it, as you could risk losing the money you have already paid? Depending on the type of agreement you have of course. But those who were looking to start a life insurance policy may now have second thoughts, so you could predict a downturn in life insurance sales through 2008. It is likely that insurance organisation may increase premiums either to existing policies or new polices to cover extra costs

Breakdown Insurance

Normally seen as a non essential policy, but thousands of motorists every year get caught out, with their vehicle breaking down and then being faced with a huge garage bill. There have been some remarkable prices for basic roadside polices this year. Green Flag which is owned by RBS, have policies as low as 25 GBP's, the price has now gone up a little higher, but still cheaper than previous years, this seems to be mirrored by other breakdown cover companies also. This may be an insurance policy where bargains can be made. Insurance companies who provide the service, know this is not seen, as an essential policy to many motorists, so it is likely prices will remain competitive throughout the credit crunch to get your name on that agreement.

Of course the above is all just a guessing game and no one really knows how the credit crunch will affect everything we do this year and next year. But it is important to understand that premiums could change in the future and to also remember why have the right insurance policy could protect you and your family and taking a risk not to have any insurance or a policy not suitable to your needs, could have a very high cost, credit crunch or not.

Mark is webmaster for Green Flag and Financebam.

Discount Insurance - Find a Cheap Quote

By Bryan Burbank

Getting Insurance can feel like an overwhelming task but finding a company that you can trust is easier than you think. When searching for insurance it is always a good idea to get many quotes to compare prices. Using a nationally known company gives you comfort and you can be assured that you are getting insurance from a company that has been around for a long time and they stand behind their insurance policies.

Whether you are looking for homeowners, auto, or long term care you can be assured that a nationally known insurance company will be able to suit your every needs. It is important to also know that with many of these companies that you can qualify for a discount when you have multiple polices and this can come in handy when you are trying to save money on insurance coverage. You can save as much as 10-20% by having your policies with one company that offers these discounts.

Great Insurance Companies have a mission to make sure that everyone has affordable insurance coverage. It is important that you do have insurance coverage because you never know when you may be in an accident or maybe you get injured and need to go to the hospital and having the comfort knowing that you are covered can be worth everything.

Remember that when searching for insurance coverage it is best if you get multiple quotes and compare your rate versus the policy you get so that you know that you are getting the best coverage for the best price possible.

Learn how to find: Discount Insurance Get some Advice about: Types of Insurance Bryan Burbank is an expert in the field of Discount Insurance

Choose a Prudent Insurance Policy

By Addi Vardhaman

Other than Life Insurance Corporation, the public sector life insurer, there are more than 17 other private sector life insurers, and majority of them are joint ventures and mergers between Indian groups and global insurance giants. The only Life Insurer in Public Sector is Life Insurance Corporation in India. Some of the life insurance in the private sector are Tata AIG Life, HDFC Standard Life, Birla Sun life, SBI Life Insurance, Kotak Mahindra Old Mutual Life Insurance, Aviva Life Insurance, Metlife India Life Insurance.

If one has decided for a life insurance policy, then one has to ponder seriously about the kind of policy that will suit best him or her. One must think about the premium and other benefits including monetary benefits on a serious note. Then one must match requirements with the policies to get the best service. Best life insurance policy enables the individual to choose an insurance policy after deciding to insure his life. After this the next task lies in choosing a life insurance policy that is best. This is quite tough due to the innumerable insurance products and their features. One might have great difficulty in taking a decision as it is a crucial one that involves money, financial stability and death benefits. It helps in making a proper and prudent choice if one evaluates and analyses the insurance companies and their policies on the basis of some criterion. Some of the criterion for choosing a best life insurance policy is to analyze the different categories of insurance plans and understand the different types of life insurance and their subcategories.

It needs proper market research and one has to gather information regarding the popular insurance policies available in the market. Though some policies allow the withdrawals and borrow money, but they are likely to reduce your death benefits in most cases. A person must aim to get the online best insurance since people depend on the surrender value to decide the credibility of an insurance policy, which should not be the prime deciding factor. A common man must aim to get the online best insurance which will help evaluate the risk factors involved.

Everyone is not able to afford the premiums required to acquire the amount of coverage needed. If paying the premiums is a major concern, then it is advisable and better to pick up a term policy for the right face value. People save together their pennies for the first couple of years of a whole life policy only to ultimately find they can no longer afford to pay the bill. During the initial years, they won't even break in the terms of what they received as a return on premium. Surrender values won't equate the premiums till the policy is about 12 to 15 years old. Moving around for the right policy is big brain teaser. Entire life policies are quite confusing and are often sold based on beautiful examples for how much the company intends to pay in dividends over the lifetime of the policy. These examples are only rough estimate and some companies are getting more aggressive than others.

A good insurance agent can help us to analyze the internal rate of return, i.e., the yield on the policy after all the fees and charges are subtracted which is a compromise. A majority of the insurance plans come with a return-of-premium policy, a death benefit to be paid out should you pass away.

If one live past, say, the 30-year term, the person concerned gets all the money back rupee for rupee. So in the event of an unfortunate happening, whether death is covered or outlive the policy then the available money is divided.

About The Author: For more information about general insurance policy in India and tax saving life insurance policy. Please visit our website: http://www.paisawaisa.com/

Unemployment Protection Well Worth the Premium

By Simon Lance Burgess

If you were to lose your income after becoming unemployed and had taken out unemployment protection you would be glad you had paid the small premium each month. You will get cover for a small premium each month if you choose to take it with an independent payment protection provider. However if you choose to take it out with the lender when borrowing then it is a different story and you will pay high premiums because lenders charge high premiums. This is to make £4 billion in profits each month and makes up for the low rates of interest they offer on special deal loans.

When taking out unemployment protection you have to first decide which policy you need for your needs. You are able to choose from income, loan and mortgage payment protection. Which policy you would be better off taking would reflect on what you have to payout each month.

Loan cover taken out as unemployment protection would provide you with the sum you insured against when taking out the policy. This would allow you to continue meeting any loan or credit card outgoings that you have to make each month. You would not have to worry about falling behind into arrears and the lender taking you to court to seek to get payment. The judge could order that bailiffs come to your home and this means they would take your possessions to sell. If you have taken out a secured loan then you could find the lender choosing to seek repossession of your property.

Mortgage arrears would also mean that the lender would take you to court if you cannot afford to catch up on your arrears. Of course at the same time you would also have to carry on meeting the normal payment of your mortgage each month. However if you do not have an income you would not be able to afford the mortgage payments and the lender would have no choice but to take you to court and repossess your home.

If you want to cover loan and mortgage payments together along with any other outgoings you have to make each month then income payment protection would be a more suitable protection policy. You would be able to insure up to a certain amount of your own income each month and then receive this sum back as a tax-free sum. You would be able to keep up with heating, lighting and such as food bills each month with no worries.

Unemployment protection might be an additional sum that you have to pay out each month but it is well worth the money when you face the possibilities that could happen if you do not have the money to pay your outgoings. With a standalone provider you would be charged a premium based on your age and how much you wanted to protect. With an age based policy even younger first time homebuyers with tight budgets can now afford to protect the roof over their head.

Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of unemployment cover.

Unemployment Income Protection Insurance For a Replacement Income

By Simon Lance Burgess

Imagine for a moment that you go into work and they tell you that at the end of the month you are becoming a victim of unemployment. Just four weeks and then you will not have an income. Your world of course would be turned upside down. How would you continue to pay your mortgage, your loan repayments and of course all the bills that come into the home that keep you living comfortably? Not a nice thought is it? This is why you need to give some thought to taking out unemployment income protection insurance to be prepared for such an eventuality.

With an unemployment income protection insurance policy behind you at least when it came to financial matters such as your mortgage and other payments there would not be a problem. Of course you would have to deal with many other issues such as getting over the shock and the huge change. You would also have to get back to job hunting and it could take many months to find suitable work depending on the type of work, your skills and age. However the policy would cover you for the period of time that it was set out which is usually between 12 monthly payments and 24 monthly payments. You would have to stand to a certain amount of time before the cover would begin to provide your income. Providers could ask between 30 and 90 days before you would be able to put in a claim and some offer to back pay to the first day you become unemployed.

Being able to pay your mortgage is essential. In the worst case scenario if you could not make an agreement with the lender to pay off any arrears and continue meeting the standard payment at the same time you could find them taking you to court. If the judge rules in favour of the judge and without an income coming in, this is more than likely, you would lose your home. You would then have so much time to pack up and move up, this would be set as the eviction date. At the very least you could struggle a great deal each month to keep up the payment and have to make many changes to your lifestyle to keep your head above the water.

Unemployment income protection insurance when taken out with an independent payment protection specialist is based on a monthly premium. This premium is decided by how old you are when you apply for the cover and the amount you want to protect of your income. All payment protection specialists will set a limit on the amount that you are able to cover each month and this is the sum paid back to you. If you take out a policy that is based on age this means that you can get cover far cheaper than someone older. However buying a policy with a standalone provider is always the cheapest way to take out protection, high street lenders often sell payment protection with high premiums.

Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of unemployment income protection insurance.

Plan For the Future With a Payment Protection Plan

By Simon Lance Burgess

While things might be going along great right now they could change at anytime and if you have a mortgage or loan repayments to keep up with then problems could arise. In the worst case when getting into mortgage arrears the lender could choose to repossess and you would have a struggle finding the money without an income to catch up. This is when planning for the future by taking out a payment protection plan can come into its own.

A payment protection plan can be taken out in the form of mortgage, loan and income payment protection. All policies will cost you a premium each month based on the amount of cover and your age when applying. You would then be able to fall back onto the income it provided after a period of time, usually between 30 days and the 90th day of unemployment or of being incapacitated. You would then have either 12 months or 24 months depending on the terms of the policy in which to find work or have made a recovery from illness or accident. After this period the policy would simply cease to payout.

A tax-free income for this period of time can help you to keep on top of your outgoings. You would not have to worry about mortgage arrears if you had mortgage payment protection behind you. There would also be no worry about your lender taking you to court for missed loan repayments if you had taken loan payment protection. If you had taken income payment protection you would be able to continue meeting all your essential outgoings without worry including your mortgage, loan, credit card and other bills. A payment protection plan should be considered by all who have financial outgoings to keep up with.

While the majority of mortgage lenders will try to help if you are struggling in the short term. If you are struck down with illness or suffer an accident you could find that making an agreement with them would be almost impossible. Just a couple of months of missed payments could see the lender taking you to court and seeking repossession but it can be avoided by taking out mortgage payment protection.

Many individuals believe that they would be able to apply for benefit from the State. While many might be eligible to claim the monies received from the State is often not enough to for them to pay all of the essential outgoings. If you were to receive help from the State, the help for the mortgage would only be for the interest part and then up to a certain amount. Once again you would fall into arrears and have to suffer the consequences. If you do not have the income to pay your loan repayments then the lender could choose to take you to court and a County Court Judgement would cause many problems. Your credit rating would suffer and this would mean obtaining credit in the future would be next to impossible. If lenders did agree then you might have to pay over the odds for the rate of interest. One of the three payment protection plan available from a standalone providers could stop you from having to make drastic changes to your lifestyle.

Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of payment protection plan.

Payment Protection Insurance Or PPI As it is Known

By Simon Lance Burgess

PPI can save you from losing the roof over your head. It can also stop you from earning a County Court Judgement and stop your credit rating from dropping. You can take out mortgage payment protection, loan or income payment protection depending on your needs. All policies are cheaper when you go with a standalone payment protection specialist rather than taking out the protection alongside the borrowing. High street lenders are known to charge way over the odds for the cover. You also get access to all the information needed to ensure that a policy is suitable for your needs.

PPI can be taken if you have a mortgage to keep up with and do not want the worry of where to find the money if you were to lose your job to redundancy, fall ill or have an accident. With a policy behind you there would be an income tax-free with which to pay your mortgage each month. As it is essential not to get behind on the repayments of the mortgage it makes a lot of sense to have a reliable back up plan. State benefits might provide you with some form of income but it would only be towards the interest part of the mortgage and then only up to a certain amount. You would also have to eligible to claim and could have to wait several months before seeing any money at all. Savings could also fall short and soon run dry if you had to rely on them for many months.

You can also take out payment protection to cover any loan repayments you might have each month. This would also apply to credit card repayments. You would take out loan payment protection for a premium based on how much you have to pay out and your age and then receive this sum back.

If you wanted to insure up to a certain amount of your own income each month then income payment protection could be the answer. You would then have a sum of money each month that would help to pay your loan and mortgage payments along with all the other bills that you have to keep up with.

All forms of PPI taken with a standalone specialist provider would last for so long as stated in the terms and conditions. You would also have to wait a period of time before you would be able to put in a claim. Some providers state 30 days while with others it could be 90 days. Policies generally last for between 12 months and 24 months and provide a payment each month and then cease. Some providers would also backdate their cover to the first day of your unemployment or incapacity but you have to check the key facts supplied on their website before buying. Of course as with all insurance policies there are conditions which you have to check before buying and providing you have done this you are then assured of a reliable safety net which you are able to fall back on.

Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of PPI.

Payment Protection Could Be Your Saviour

By Simon Lance Burgess

Payment protection policies can be your savior if you were to lose your income after becoming unemployed or suffering an illness or an accident. You would be able to claim on the policy after a fixed period of time which is stated in the terms and conditions of the policy. The payment you would receive would keep your head above water while you looked around for work or recovered after being unfit for work.

You are able to take out a payment protection policy based on your circumstances. The options are covering your essential outgoings with income payment insurance, your mortgage with mortgage protection or loan repayments with mortgage cover. All three policies ask you pay a premium each month based on the amount you want to protect and your age. This means that that the younger age group are able to make the most savings and can now afford to protect what is often a huge borrowing which stretches their budget to the maximum.

If you go with a standalone payment protection specialist as opposed to taking out the cover when borrowing you get the cheapest premiums. You do have to compare the small print along with the cost as all policies vary. Some policies pay after just 30 days while others could ask you wait up to 90 days. Policies can continue for as long as 24 months with others it can be for 12 months, while is usually adequate time. After the period of time they simply expire.

Mortgage payment protection is extremely valuable as it could mean the difference between you losing your home and keeping it. If you were to be unable to pay your mortgage and you fell into arrears then the lender could take you to court to seek possession of your home. With mortgage protection to fall back on you would have the sum of money, tax-free that you insured when you took out the policy. This would then be used to continue paying your mortgage repayments without worry.

Loan repayments along with credit card repayments could be covered by loan payment insurance and helps maintain your credit status and stops the lender from taking you to court. If you wanted peace of mind that you would have a replacement income up to so much of your own lost income then income insurance could be taken out. You would then be able to keep up with loan and mortgage repayments along with all of your other essential outgoings. Payment protection premiums are usually based on the amount that you wish to cover and your age. An age based policy means that the younger you are when you take out the cover then the bigger savings you are able to make. With mortgage payment insurance you can also choose the level of protection you need. You might just want to take out protection for accident and sickness only. Or you could just take out cover for unemployment only. This would also help to keep down the cost of protecting the roof over your head.

Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of payment protection.

Mortgage Payment Protection Insurance Helps You Avoid Repossession

By Simon Lance Burgess

Losing your home and all the memories you have built up over the years is devastating. It is the nightmare of every homeowner and it can be avoided with a little careful planning and looking into taking out mortgage payment protection insurance. A policy can be taken with payment protection specialists and this is by far the cheapest way of taking out the cover.

You will be given a quote online by visiting the website which is based on the amount that you wish to protect, up to a certain amount defined by the provider. Some providers will also offer age based protection which means that even the younger generation can now afford to protect their borrowings. First time homebuyers often stretch their budgets to the maximum and when looking to take cover with high street lenders, the cost is above them. This left them wide open to repossession if they lost their income to accident, sickness or redundancy but with age on their side cover is a lot more affordable.

Lenders do not take repossession lightly; however if you have not got a regular income coming in then it is impossible to make an agreement with the mortgage lender. Therefore they have no other choice but to start proceedings for repossession through the courts. If the judge rules in favour of the mortgage lender then you will be given an eviction date and you have to vacate the property before this day. By paying a small premium each month repossession and eviction, the pain and stigma associated with it can be avoided.

You are usually able to take out mortgage payment protection insurance based on your needs. This means that you can cover accident, sickness and unemployment together. However you might only want to take out unemployment cover only or incapacity only. By choosing the right level of protection for your needs you can help to keep down the cost of the policy.

There are many factors that you have to consider when looking into taking out mortgage payment protection insurance. The cost of course is one of the main factors, along with this you have to check the exclusions as they are found in all forms of insurance. You also have to check to see when the protection would begin paying out. Some providers would allow you to put in a claim on the policy after the 30th day of you being unemployed or of becoming ill or suffering an accident. Others might extend the deferment period to 90 days and some might pay back to the first day of unemployment or incapacity. You also need to check for how long you would be covered as all mortgage payment protection insurance would only payout for so long once they has commenced and then after this period they would cease. You are usually able to find policies that run for periods of either 12 months or 24 months. Always make sure that you know what you are taking on before you sign for the cover, ethical providers will ensure that you have this information.

Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of mortgage payment protection insurance.

Mortgage Payment Protection Insurance Also Referred to As MPPI

By Simon Lance Burgess

MPPI also known as mortgage payment protection insurance should be looked into by all homeowners as it can mean the difference between you losing your home if you find yourself falling sick or being involved in an accident that meant you were unable to work. It would also payout if you were to become a victim of redundancy. You would still have the money needed to be able to continue paying on the policy despite the fact that you have lost your income.

You would not have to make any huge changes to your lifestyle, nor would you have to scrimp and scrape with the little money you had to be able to keep on paying your mortgage. Instead you would be able to relax for the period of the policy which is usually either 12 or 24 monthly payments which are tax-free. You could concentrate on making a full recovery from accident or illness or look around for work after being made redundant. You would have to wait for a period of time before you would be able to claim on the cover. Some providers start to provide an income after 30 days and others could ask 90 days.

With MPPI behind you there would be no worries about the lender deciding to take you to court and seek repossession of your home. While lender usually give some leeway, if you have not got an income coming into the home on a regular basis you would not be able to come to an agreement with the lender. Not being able to catch up on arrears and also maintain your mortgage repayments would almost certainly see the lender starting proceedings to repossess.

For a small premium paid to a standalone specialist in payment protection for an MPPI policy you would be able to pay your mortgage on time each month and avoid court proceedings. The premium charged for protection would take into account how much you wanted to cover each month, the level of protection needed and age. The level of protection can be accident, sickness and unemployment in one package. You can also choose just to take out insurance for incapacity only or just for unemployment by such as redundancy only. Age based premiums mean the younger you are the cheaper the premiums which is excellent for first time homebuyers who have tight budgets and large mortgage repayments.

MPPI is a more viable option than relying on the State to provide you with an income to cover your mortgage. You may be entitled to receive help from them but they only give so much towards the interest part of the mortgage and not the capitol. You must also not have savings over a certain amount, have a partner in full time work living with you and you would have to wait several months before seeing any money. Relying on savings could also be a let down as they could run out before you are fit and well enough to return to earning a living or you could not have found a job in time.

Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of MPPI.

Mortgage Payment Insurance - Do You Know What it Can Do For You?

By Simon Lance Burgess

Many homeowners do not know much about mortgage payment insurance. However they should find out, as it can a great deal for them if they were to become unemployed or suffer accident or illness that meant they lost their income. In fact a policy could mean the difference between paying the mortgage and time and recovering or finding work with peace of mind or struggling. If they struggled and got into mortgage arrears then repossession and eviction is likely.

Mortgage payment insurance would provide the policyholder with an income which is the sum of money they insured against when taking on the cover. This is what defines the premium you pay each month along with the level of cover and age when applying. You are usually able to take out cover for accident, sickness and unemployment together, incapacity only or unemployment only. Age based premiums mean that protection is now affordable to even first time buyers who have stretched their budgets to the maximum.

Being able to maintain the mortgage is essential because even just one missed payment means the lender will be in touch with you. They will want you to make an agreement to repay the arrears on the mortgage and at the same time assure them that you will be able to continue meeting your mortgage payments. This is highly unlikely if you did not have the money in the first place to pay. You would avoid all of this if you have taken out mortgage protection as you would receive a sum of money tax-free with which to pay your mortgage.

Of course there are other alternatives to mortgage payment insurance cover. However none are as reliable as payment protection. You could rely on any savings or redundancy money you might get if made redundant. Any savings might not last long enough to get you through paying your mortgage and of course you would also need money to live on and pay other outgoings at the same time. You would soon put a big hole in redundancy money if you had to survive off it for many months. You could apply for State benefit but you might not be eligible. You would have to be eligible to claim income support, not have a partner living with you in full time employment or have savings over a certain amount. Even if you are you would only receive help with the interest part of the mortgage and then only up to a certain amount each month. You would also have to wait for many months before seeing any benefit.

Mortgage payment insurance would begin to provide you with the income after the time set out in the terms of the policy. This is usually somewhere between the 30th and the 90th day of unemployment. Some providers would also backdate the cover to the first day of becoming unemployed or of being incapacitated. Once the cover has begun to provide an income it would do so for a fixed period of time and then end. This is usually either for 12 monthly payouts or 24 monthly payouts.

Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of mortgage payment insurance.

Mortgage Coverage Helps You to Avoid Becoming a Statistic

By Simon Lance Burgess

The Council of Mortgage Lenders recently stated that in 2008 there could be as many as 45,000 homeowners being repossessed by their mortgage lenders. Up to June there had already been a staggering 18,900 homeowners having lost their homes through the mortgage lender repossessing. The reasons for repossession are many with accident sickness and unemployment common ones. If you want to avoid this happening to you then thought should be given as to how you would pay your mortgage if you lost your income. A loss of income can come about due to being made redundant or if you cannot work after falling sick or suffering an accident. Mortgage cover could help you to continue meeting the demands of your mortgage in cases such as these.

When you take into account the fact that just one missed payment on the mortgage means that you would have to catch up and a couple means a downward spiral into mortgage arrears, protection is essential. If you are unable to show that you have means to catch up on the arrears and pay the mortgage repayments at the same time then the lender will take you to court.

If you were offered mortgage cover when you took out the loan you could have declined it due to the high cost that is associated with the cover that high street lenders charge. However there is an alternative, you can choose to take out mortgage protection at anytime throughout your mortgage. By getting a quote from an independent payment protection provider you can get cheap premiums based on age, the amount of cover needed and the level.

You can take out mortgage payment protection for just unemployment or just incapacity. However you can also choose to cover accident sickness and unemployment together. As the cover is age based the younger you are when taking it out the cheaper the premiums are. This means that age based protection is now affordable for even younger first time home buyers with tight budgets.

Mortgage cover taken with independent providers would begin to provide you with an income after a certain length of time of being unemployed or of being incapacitated. Usually there is a deferment period of around 30 days to 90 days before you are able to put in a claim. Some providers would then backdate the payment to the first date of your becoming unemployed or incapacitated. All payment protection only pays out so many payments and the cease. Providers usually offer protection that would provide you with a tax-free sum for a period of either 12 monthly payments or 24. You do have to read the terms and conditions set out in the policy as this is where you are able to find out when cover begins and ends. It will also tell you about exclusions which are to be found in all payment insurance policies. Some providers add in just the bare few while others can add in many. Providing you check these against your circumstances you will have cover that can be relied upon if you need it.

Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of mortgage cover.

Income Protection Means You Would Not Be Struggling With a Loss of Income

By Simon Lance Burgess

You like the majority of homeowners rely heavily on your monthly income when it comes to paying the mortgage and all associated bills. Of course you also have to pay all of your other monthly outgoings including food and utility bills not to mention others. If you should suffer from a loss of income after falling ill or suffering an accident then you might have a loss of income for many months. The same would apply to being made redundant as jobs are not easy to find. This could leave you in a very tight spot and add more anxiety to an already stressful situation. Luckily there is a type of insurance that can be taken out in the form of income protection.

Income insurance to cover a loss of income this way is called income payment protection. Income protection insurance on the other hand is a similar policy but this would payout over a longer term. Income payment protection would supply you with a replacement income between the 30th and the 90th days of you becoming unemployed or suffering accident, illness or becoming unemployed. It would then carry on paying out for either a period of 12 months or 24 months; this is defined in the terms and conditions of the policy and need to be checked before taking out the cover. Some payment protection specialists would also backdate to the first date of your unemployment or of you being ill or sick. Once the policy has reached its term then it would simply cease.

Income protection would supply you with an income but it would not include redundancy. The cover has a longer deferment period but it would continue providing you with an income for right up to your retirement age if the policy was needed.

All payment protection policies come with some exclusions which you do have to check to ensure suitability. However providing you have checked them against your current lifestyle you would have a plan on which to fall back on if and when you needed it.

It is essential to have something to fall back on and income protection is the best way to do so. If you are relying on savings as a form of back up then you could find yourself in trouble. You would not know how long it would take you to recuperate or how long it would take you to find work. Any savings might run dry if you had to pay all of your essential outgoings with the money. Relying on benefits from the State could also be a huge let down as you might not be entitled to receive help and even if you are the money you had to live on would probably not be enough. Protection would allow you to take the time to recover and get back to earning a living. In the case of unemployment it would allow you peace of mind when attending interviews. You would not have to struggle or juggle bills around with the hope of catching up on missed payments.

Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of income protection.

Income Protection Insurance Cover Against Unemployment and Incapacity

By Simon Lance Burgess

Income protection insurance cover is taken out to safeguard the possibility that you could become unemployed or incapacitated at anytime. If you lost your income you would have to make drastic changes to your lifestyle in order to be able to continue paying all of your essential outgoings. One of the most important of these would be your monthly mortgage repayments as arrears leads to the lender taking you to court and seeking possession of your home.

Your policy would allow you to insure up to a certain amount of your own income and this is set out by the provider. You need to check this along with when the cover would begin to pay and when it would end. Some policies could state that you receive a payment after just 30 days and others could ask that you wait for as long as the 90th day before you put in a claim. The same would apply to how long the cover would provide you with an income for. Some providers could allow you to recover with peace of mind for 12 months and some providers might allow you 24 monthly payments. Once the period has been reached then the policy would simply cease and it is assumed that you would have recovered and gone back to work or found work again.

Income protection insurance cover would allow you to be able to pay more than just your mortgage repayments. You would also be able to keep up with any other essential outgoings which could include loan repayments. Being able to meet loan repayments is essential if you are to keep your credit rating on form. Your credit rating is the first thing taken into account when lenders look into deciding whether or not to take a risk on you. It is common sense that if you have a poor rating due to missed loan repayments that you are more than likely to be turned down. Even if you do manage to get a lender to agree to give you a loan you would probably have to pay over the odds for the rate of interest and might even have to take out a bad credit loan.

You would also have to check to see what exclusions there are in income protection insurance cover as some have more than others and these are set out by the provider. There are exclusions in all payment protection policies but some of the ethical providers add in just the bare few. The exclusions are what can stop you from being able to put in a successful claim on the policy. This was highlighted in 2005 when the Financial Services Authority revealed that policies had been mis-sold. While this referred mainly to loan payment protection, all policies were tarred with the same brush which led to mistrust and a decline in taking out all forms of protection. Providing you had read the terms and key facts and are aware of the exclusions and checked them then cover can and does work as it is supposed to work.

Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of income protection insurance cover.

Income Protection and Mortgage Payment Insurance

By Simon Lance Burgess

Both income protection and mortgage payment insurance are excellent products when it comes to ensuring that you would have the money needed to be able to continue meeting your payments if you lost your income. A lost income could occur through accident, illness or unemployment. Income protection would allow you to insure up to a certain amount of your own income, while mortgage payment insurance covers your mortgage repayments.

Covering the repayments of your mortgage each month is essential if you are to remain in the property. If you get behind on your mortgage and into arrears then you are looking at the lender taking you to court to seek repossession of your home. Even a single missed payment would be enough for the lender to contact you and you would have to come to an agreement with them to catch up, if you cannot repossession will be imminent.

Mortgage payment insurance can be taken out just to cover the repayments of the mortgage. However if you wanted to ensure that you would have the money needed to pay your mortgage and also have the money to continue meeting essential outgoings then you could consider income protection. Income protection allows you to cover up to a certain amount of your own income and then this is the sum you would get back if and when you needed to make a claim.

With income protection and mortgage payment insurance there would be no worries about where you would get the money. You would not have to make any life style changes or have to juggle around bills in order to keep on to of everything. You would be able to meet the mortgage, pay loan or credit card outgoings and also meet bills such as food and utility bills that kept the home running and your family healthy and happy. Without it and you could find yourself in a downward spiral of debt and in the case of missed mortgage payments, losing your home.

Both income protection and mortgage payment insurance would begin after you had been unemployed or unable to work for a fixed period of time. Usually this is in the region of around 30 to 90 days and would then payout for either 12 monthly payments or 24 monthly payments. After the period defined in the terms the cover would then cease. Income payment protection should not be confused with a similar named insurance product called income protection insurance. The latter would payout over a longer period which if needed can be up to the age of retirement. However there is a longer deferment period and the policy would not cover for unemployment. It would only cover against being unable to work after suffering illness or accident.

Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of income protection insurance.

Income Mortgage Protection Makes Sure Your Home Remains Yours

By Simon Lance Burgess

Income mortgage protection would allow you the peace of mind that if you should lose your income due to suffering illness, accident or you became unemployed you would not be struggling. A policy would allow you to take out insurance for up to a certain amount of your own income. All providers set a limit to this amount so you have to check before taking out the policy.

One of your biggest payments, your mortgage is of course protected with income mortgage protection. Getting behind on this payment is the worst case scenario for any homeowner as the lender could take you to court and you could lose your home to repossession. You would have to be able to come to an agreement with the lender so that you could catch up on the arrears while also at the same time manage to pay your regular payment.

While income protection would allow you to keep up with the repayments of the mortgage it also protects all of your other essential outgoings. If you have loan/credit card repayments to keep up with then you would be able to use the income from the cover. You would also be able to pay monthly bills that keep up the home such as your utility bills along with your monthly food bill.

Income mortgage protection taken with a standalone provider can be taken for a premium that is based on the amount you wish to protect and your age. A policy would begin to provide you with an income between a period of 30 and 90 days with some providers backdating the cover to the first day of you being unemployed or incapacitated. After commencement the cover would continue paying out for a certain length of time defined by the provider. A policy could provide you with an income for either 12 monthly payments or 24 monthly payments and then it would cease. However this is usually more than enough time to have made a recovery and got back to work or to have found another suitable job.

When looking for income mortgage protection you should not get it confused with income protection insurance. Income protection insurance is a type of insurance similar but it does not payout if you should become unemployed. It would payout against accident and sickness and one of the main differences is that it would payout up to the age of retirement if it was necessary. However there is a longer period of deferment before you would be able to put in a claim on the cover. All policies have exclusions within them and these need checking against your circumstances if you are to be sure that you would be able to claim on the cover. Providing you choose an ethical payment protection specialist to take your policy out with you can be sure that you would have a back up plan to fall back against. Policies are a much more reliable option than relying on help from the State or falling back on savings you have accumulated.

Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of income mortgage protection.

Income Insurance Protection Against Unemployment and Incapacity Worth Considering

By Simon Lance Burgess

When you take into account how much you rely on your income it makes sense that you should protect it in case you should lose your income. You could lose the income after suffering from an accident or an illness. You could also lose it as a result of unemployment through such as being made redundant. One way of protecting this is to take out income insurance protection against unemployment and incapacity.

Income insurance protection against unemployment and incapacity means that you would have an income to replace your own and this would be tax-free. You would have to wait for a period of time before you are able to put in a claim on the policy and then it would payout for a certain period of time. Usually you would have to wait around 30 to 90 days and then you could put in the claim. Following commencement of payout it would then continue for between a period of 12/24 months and after this time it would stop. However usually this is ample time for you to have made a recovery or to have found work again.

With the policy there would be no worrying about how you would meet your mortgage payment when it was due. You would be able to continue meeting the payment and ensure that you are not going to fall into arrears and so risk losing your home to the mortgage lender. Mortgage lenders will usually try and help you reach an agreement by catching up on the arrears while at the same time paying the mortgage. However without a regular income there would be not way you could make such an agreement and if you continued to fall behind the lender would start repossession proceedings.

You would also be able to meet any loan repayments or those of credit cards with the income the policy supplied. Again keeping up with these is essential as at the very least you would have your credit rating affected. A poor credit rating would mean that you could find it very hard to get approved for credit in the future as this is what all lenders take into account. If you have had your credit rating affected by missed payments on loans or credit cards then it is highly unlikely that your loan application would be looked on favourably.

Income insurance protection against unemployment and incapacity should not be confused with a very similar named product which is income protection insurance. This policy would provide you with an income but it would not protect you against unemployment caused by such as being made redundant. There would be a longer period of deferment but the cover would payout for a lot longer period than income payment protection would. In fact once the policy had started to payout it would then continue to do so for up to the age of retirement it need be. You would have to look into what both policies offered to decide which would be the most suitable for your needs before taking it out. An ethical provider will supply you with all the information you need on their website so you can make the right choice.

Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of income protection insurance cover.

Income Insurance Mortgage Protection Essential to Keep You Out of Debt

By Simon Lance Burgess

Protecting your mortgage is needed at all costs if you want to remain in your home. By getting behind by just a single payment on the mortgage could mean that the mortgage lender would take you to court to seek repossession of your home. Without an income you would not have any hope of being able to come to an agreement with the lender and so they would take you to court. Income insurance mortgage protection would provide you with the money you need to be able to keep up your repayments.

Along with being able to keep up with the repayments of your mortgage you would also have the much needed money to continue paying loan outgoings. Loan outgoings have to be maintained and if you have taken out a secured loan then you would again be at risk of losing your home if you do not maintain the repayments. At the very least defaulting on loans would mean that you would see your credit rating affected. As your credit rating is the first thing that all lenders will take a look at when applying for credit you have to keep this is good stead. A poor credit rating leads to declined loan applications and even if you are approved you would be expected to pay a higher rate of interest.

Income insurance mortgage protection would also allow you to be able to keep up with all of your other essential payments. You would not have to worry about juggling the payments around with the hope that you would be able to catch up on any that you put aside. You would not have to make huge lifestyle changes and could continue meeting payments as you did when working.

By looking for income insurance mortgage protection with a standalone payment protection provider you would get the cheapest premiums. Your policy would begin after a set time which can be found in the terms of the policy. Providers usually offer a deferment period of between the 30th and the 90th day of you becoming unemployed or from being incapacitated. Once your policy has begun to provide you with an income it would then last for between 12 monthly payments and 24 monthly payments before it would cease.

Income insurance mortgage protection should not be confused with income protection insurance. This type of insurance would payout under different circumstances. It would begin to provide you with an income after a longer waiting period but it would payout for a lot longer period of time, which is usually up until the age of your retirement period if you needed to make a claim for that long. However this type of policy would not payout for unemployment it would only payout if you were to become unable to work after falling ill or becoming sick. Before taking out any policy you need to check to be sure that cover would be suitable for your needs. There are certain exclusions that need to be checked against your personal circumstances if you are to be sure that you have a plan on which to rely on.

Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of income insurance mortgage protection.

Income Insurance Eases Accident, Sickness and Unemployment

By Simon Lance Burgess

Accident, sickness and unemployment can hit at anytime and without much warning. No one can class their job as being safe and while you might be fit and well right now things can suddenly take a turn for the worse. If you lose your income this way then it is stressful enough without having to take into account how you would be able to pay all of your essential outgoings. If you want to protect against the unknown then you need to consider taking out income insurance.

Income insurance sold as income payment protection insurance can be taken for a premium each month based on your age and the amount you wish to protect each month. All payment protection providers will allow you to insure up to a certain amount each month and this is the sum you would receive back as a tax-free income. You would have to wait a certain length of time before you would be able to put in a claim on the policy. Some providers will allow you to make a claim on the cover after the 30th day of being unemployed or of being incapacitated. With others it could be as much as the 90th day and some providers would backdate the benefit to the first day of you being declared unfit or of being made redundant.

With the sum of money from the income insurance policy you would be able to keep on top of your mortgage for instance. Of course this should be number one priority on your list. If you were to fall behind on your mortgage repayments the lender could take you to court and you could end up losing your home. While lenders try to make an agreement with you if you do not have an income it could be impossible. Of course you would also be able to maintain bills such as loan, credit card, food and utility bills. You would not have to juggle around bills or put them off until later.

There is another type of insurance that is similar in that it would provide you with an income. However the circumstances it pays under are different. Income protection insurance would pay out over a longer term than income payment protection. It would pay you an income up until the age of retirement if you needed cover that long. However you would only be able to put in a claim against accident and sickness, the policy would not payout if you were to become redundant.

Ethical payment protection specialists should offer all the information you need on their website. They should provide you with the facts about the income insurance policy and also make you aware that there are exclusions that need to be checked against your circumstances. It is only by doing so that you can be sure that you would have a back up plan on which to fall back on if and when you should need it. When comparing the cost of insurance also compare the exclusions as different policies can have different ones.

Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of income insurance.