The Importance of Student Content Insurance

By Martin Ll Jones

Moving away from how can sometimes be a daunting thought, but if you are planning to attend University, the likely-hood is that you will be moving away from home into your own accommodation, often sharing with strangers. Before leaving for your new home, it's important to asses how safe your accommodation is and what the surrounding area is like, especially if you are moving to a large city. I cannot stress enough how important it is to insure your possessions at University in case of theft or accidental damage.

Student accommodations can be very enticing for thieves and burglars because they know that every student usually has a laptop or computer, expensive mobile phones and other valuable assets which can be easily sold on. Many companies offer specialist content insurance packages tailored for students, it is important to investigate these policies fully and compare different packages so that you are getting the right package which will suit your needs. I have put some tips below for you to check against your chosen student content insurance offers.

What does it cover?

Make sure the policy you have chosen covers exactly what you need to be covered, for example many companies offer packages which covers your general contents such as clothes and books etc, but offer a different package for covering more expensive items such as laptops and mobile phones. Don't choose not to cover those higher priced items because of the higher policy charges, these are often the most appealing items for thieves and are often the items you can't imagine living without, they are also much more expensive to replace if they are stolen. Also make sure to check if theft is covered, you can even have additional clauses such as accidental damage added to your policy.

Price

Don't just settle on the first quote you receive from the first company. It's advise to shop around extensively collecting numerous quotes from numerous companies, then make a shortlist of the ones which offer exactly what you need. I'm not saying that the cheapest is always the best, but if a company is offering you a lower price for the exact same specifications then it's a no-brainer. These companies want your custom, so don't be afraid to haggle on the price, tell them you've received a better price from one of their competitors, don't be afraid to do this even to a large company.

If something terrible does happen such as a break-in, you will be very glad that you are covered. You wont have to shell out another hundreds of pounds on a new laptop or have the inconvenience of being without a mobile phone, these items will simply be replaced by the insurance company. Not many student do this as they see it as an unnecessary expense and hassle, but this decision will be regretted in the event of a burglary or theft occurring on your university accommodation.

For more money saving tips, advice on student banking, budgeting, discounts, general student life and even making money, visit http://www.studentcashflow.co.uk

Understanding Insurance

By Christian Seemuller

Almost everyone has had some experience with the practice of purchasing insurance, in one way or another. It may be that you were purchasing a home and the mortgage lender required Homeowners Insurance as a requirement of the loan. It may have been required when you purchased a car. Insurance is a device that allows for the transfer of all or part of a risk from one party to the insurance company. Each person pays a small, certain cost, the PREMIUM, to the insurance company, the INSURER. The INSURER, in turn, draws up a legal contract, the POLICY, between you, the INSURED and them, the INSURER.

Any legal contract, and in this case an insurance contract, needs to have certain parts to it to make it a valid contract. These "parts" are competent parties, a legal purpose, an offer and acceptance and consideration.

By definition, RISK is the chance or uncertainty of loss. For a RISK to be insurable it has to be measurable. PURE RISK is measurable. SPECULATIVE RISK is not. SPECULATIVE RISK. An example of SPECULATIVE RISK is investing in the stock market.

Life Insurance, specifically, is a contract that transfers risk of financial loss associated with premature death from the insured to the insurer. The need to cover the obligations that might be left behind upon death is the reason we need to be sure we are covered by a life insurance policy. The policy proceeds are paid by the insurance company to the beneficiary of the policy.

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5 Insurance Scams That Made the Headlines

By Patrick Chong

There's a dark side to worldwide travel insurance - the fraud. The trouble is, it's notoriously hard to disprove fraudulent claims - especially in the travel sector and hundreds of people get away with it every year. Indeed, it's estimated to cost companies millions of pounds every year, and the extent of the problem is evidenced by this fact: there have been more worldwide travel insurance claims for Rolex watches, than have ever been manufactured. It's amusing on one level, but financially crippling on another - and damaging for all the honest types, who suffer higher premiums as a result.

Of course, there are far more risky instances of insurance fraud that have been taken - and often they've gone wrong in spectacular fashion. Here are 5 of the most memorable...

5. Mr Derek Nicholson

Derek Nicholson and his partner Jottie Nagle were accused of faking a drowning for a $1,000,000 insurance scam. Having taken out the life insurance policy just four days before the incident, it instantly seemed suspicious. After Nagle was told that she could not claim the life insurance policy for 12 years without a body, Mr Nicholson placed a call to the police claiming to have seen one matching his description, but this all unravelled when he was later found alive and well in New York. Despite pleading "not guilty" and claiming past confessions were not valid, they were convicted in 2004, and face a maximum 5 years imprisonment on the conspiracy charge and a maximum 6 years on the false distress charge.

4. Gaylan Sweet

This insurance scam is different from the others, as it actually is an inside job! Gaylan Sweet was a claims adjuster for Allstate insurance who concocted a scheme to share to defraud his company and pocket the money. Over 10 years, he pulled the same insurance scam twice, roping in two people to pose as parents of an imaginary child killed by an equally imaginary drunk driver and pocketing over $700,000 in the process. The case was a mixture of real and imaginary people: real deputy sheriffs' names were on police forms (though had never actually been involved in the case), real doctors had treated the fake children and there were various invented witnesses confirming the 'facts'. Sweet and his accomplices were eventually arrested in 2002 and jailed for five years for insurance fraud.

3. Mr John Magno

John Magno is currently awaiting trial for arson in relation to insurance fraud. In 2001, there was the biggest fire in Toronto's history at Woodbine Building Supply - due to its almost residential location, more than 50 families were forced to evacuate their homes on Christmas morning. Of the two individuals assumed to have committed the arson - Tony Jarcevic and Sam Paskalis - the former died and the latter was severely burned and left in a coma. Paskalis later admitted his involvement in the alleged scheme. Magno himself had increased his insurance two months before the incident and tried to cash in the $3,500,000 insurance policy shortly after the "accident".

2. Mr John Darwin

The most recent case in this list took the British media by storm when the full details were revealed. John Darwin went missing, assumed dead, after going canoeing in 2000. After a search turned up nothing, his wife claimed the insurance. Everything was quiet until December last year when the 'dead man' turned up in a London police station claiming memory loss and the belief that he was a missing person. This unravelled when a photo of the couple grinning together in Panama was revealed in the papers. Suffice it to say, the court found the couple to have lied to their children, their neighbours and police in aid of an insurance scam, and were both jailed for over six years for their scheme as their trial concluded last month.

1. Mr John Stonehouse, MP

But the most memorable instance of insurance fraud has to be the former Labour MP John Stonehouse. On November 20th 1974, he faked his suicide. Leaving behind only a pile of clothes on Miami beach, he was presumed dead - but actually heading to Australia to start a new life with his secretary Sheila Buckley. In an unlikely turn, he was found a month later by police who mistook him for the still illusive Lord Lucan! While awaiting trial in Brixton prison, he still remained a Labour MP, eventually resigning 3 weeks before his trial. This left the Labour party in a bind, as they were suddenly a minority government. They ended up forming a Liberal-Labour pact to stay in power until Thatcher's election victory 3 years later.

As for Stonehouse, he was tried on 18 charges of theft, forgery and conspiracy to commit insurance fraud. He was sentenced to 7 years in prison, serving 3 of them before being released early due to his poor health.

Quite a lot of "Johns" in the list - perhaps that's a clue for us, when looking at fraudulent worldwide travel insurance claims!

Of course, not everyone fakes their own death as part of an insurance scam - in 2007, Bosnian Amir Vehabovic staged his death to find out who his true friends were! After bribing undertakers to bury an empty coffin, he hid in the cemetery bushes to see how many of the 45 people invited appeared to show their respects. When only his mother showed up, Vehabovic was left sending angry letters to the missing parties!

As worldwide travel insurance scams are harder to prove, it's no surprise there have been fewer high profile cases. It's easier to explain the sudden appearance of a 'stolen ipod' than a man who died 5 years previously!

Patrick Chong is the Managing Director of Journey's Travel. Their commercial travel insurance website, Insuremore, offers cheap worldwide travel insurance and offer a quick and easy online claims feature.

Sport Bike Insurance Tips

By Ryan Jefferson

Statistics have shown that sport bikes have many more accidents than other motorcycle types. Having a great amount of engine power, able to boost a rider at over 200mph, it can be dangerous for those riders that do not have much experience on the roads. This is why sport bike insurance does cost a lot more than other types.

When you are looking for sport bike insurance there are a few things you should know:

- Any customizations you have carried out on your sports bike (including wheels and bodywork) should be clearly stated in your insurance policy, because insurers usually cover the standard model with no modifications.

- Any performance enhancements should also be clearly stated in your policy.

- Modifications that could affect the sport bike's legality for your country should also be considered. For example: In some countries learner riders have a strict engine capacity restriction. If you are making a claim, the insurance company could easily refuse your claim due to having breached legal restrictions.

- If you are a bike enthusiast like I am, and enjoy taking your bike to the race track, ensure you know the insurance liabilities for any damages sustained on a race track. Many insurers will not cover payouts to damage associated with race track riding, unless it is explicitly negotiated for in your policy. Many riders are not aware of this, and that it is probably in their best interests to make this clear with the insurance company.

Hope this teaches you a few things about top Sport Bike Insurance companies - ensure you have all the necessary in black and white on paper, otherwise they can always deny you in the case of a claim!

Top Sport Bike Insurers and Merchandise!

Insurance to Make the Most of Earning Power

By Kyle Y Widner

Businesses often have one thing in mind - to earn money. The higher the dollar amount attached to a corporation, the higher its value is seen. A company's good will is seen as the difference of its earnings when compared to just the earnings of its actual products. People are willing to pay money to keep their current and future earning potentials secure. And this idea of having financial security can also be applied to having insurance.

Crunching the numbers

Say that you have a machine that produces a small part needed for car manufacturing. If you subtract the amount that it costs in interest and supplies to keep the machine running, it earns a net total of $5,000 a year for you. Now if you know that the average lifetime of the machine is 20 years, you can expect it to earn $100,000 in its lifetime. So if this machine should be destroyed in a fire after only 5 years of operation, you would lose approximately $80,000.

You can use the same information to put a price tag on the life of any person in the household that is making a paycheck. Shouldn't this earning potential be as important as that of the machine?

Going back to the machine, think of what happens if the machine breaks down. That year, instead of earning $5,000, it costs $5,000 to get it back and running again. This same equation can be paralleled by a family member becoming ill and not being able to work. The family member not only is not bringing home a paycheck for that week, month, or year, but he or she is now costing the family money in the form of medical expenses, food, shelter, etc. This is where insurance comes in.

Protecting employees equals protecting the business

A valuable employee is to a business what the family breadwinner is to the family. More and more companies are starting to realize what an asset a good employee can be when it comes to making money. Therefore, more companies are taking out insurance policies for employees, and the higher up in a company someone is, the higher the dollar amount of the policy.

The debt scenario

Just like a machine can either earn or cost a company money, the actual books of a company can also do the same thing. The accounts of a business are expected to perform in a certain way, and preferably with an increase in earning. However, bad debts can decrease the amount of net income a company brings in at the end of the year. The only way to protect against these bad debts is through insurance. Insurance can protect the building or assets itself, the business, and the value of the goods. This only holds true for the value of the policy, but the better your insurance policy is, the better the protection.

When you have insurance on your business, goods, and employees, you are investing in the future. You are safeguarding your company against future damages, so that if they occur, you do not have to worry about your financial status.

This author is a freelance marketing writer based out of San Diego, CA. She specializes in insurance, finance, and business.

Out of the Ordinary Insurance

By Isla Campbell

When people think of insurance, they most likely conjure up images of cars, houses, travel and pets but there are some not-so-standard insurance policies that you may never have thought about!

Believe it or not there is actually a company in Florida which offers insurance against Alien Abduction! You can insure yourself against being kidnapped by extra-terrestrials, and if you are snatched by a bright light from the sky, then you need to hope you are dropped back on Earth so you can fill in the paperwork and make a claim. So if you're worried about seeing UFO's near your home or have been watching too many X-Files episodes then this type of insurance could be just the ticket.

Many celebrities over the years have insured parts of their bodies that were vital to their success. Michael Flatley insured his legs for millions, Bruce Springsteen covered his voice and Egon Ronay took out a policy on his taste buds. It's unlikely that most of the general public would consider such extreme measures but when there's big money and livelihood at stake, it can often make sense.

The term 'moral turpitude' is not one you hear every day but it refers to a type of insurance policy that covers celebrity endorsements when they go wrong. If, for example, a company paid a celebrity millions of pounds to endorse a product and then during that time the celebrity was convicted of wrongdoing then the policy would protect the company's investment.

Sporting events also come into play within the insurance market and not just in the way you might think with regards to sponsorships. Big sporting events like the Olympics and the Superbowl are often heavily insured against things going wrong and the event not being able to take place. One policy even covered Scottish football fans for trauma should Scotland ever go on to win the World Cup. Another possibility could be to insure against being hit by a stray ball at a golf event or cricket match, because you just never know.

In recent years insuring your pets has gone from being considered rather quirky and unnecessary to being a must have item for animal owners, so who knows what areas of insurance may grow in popularity in the future? All it needs is one or two confirmed Alien abductions and a whole new market could open up!

For most people however, such insurance is nothing short of fantastical and the likelihood of finding insurers to cover such bizarre potential occurrences is likely to be slim at best. There is of course a more down-to-earth side to insurance however than all of these extreme policies and remembering to get a home insurance quote for example before you move house will prove much more useful in your day-to-day life than wondering if E.T. is going to pay you a visit.

Isla Campbell writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.

Insurance Quotes, Save Money When Shopping Online

By Dean Markham

In times of a recession threat, everyone is looking for ways to save money. And insurance premiums are one area you can cut costs immediately. However, most people don't shop their insurance because of the time and hassle.

Well not any more, with the advent of the internet you can simply go to your pc, open a browser, go to a search engine like Google and perform a search for the Commercial Insurance Quotes or what ever insurance type you are looking for. The search engine will return results of numerous websites where as you can log on to and request multiple insurance quotes by completing one simple form.

You can read about many different types of business insurance or personal insurances such as workers compensation, business auto, commercial property, general liability , personal auto, home owners, individual life insurance and health insurance.

Many have insurance terminology / definition sections so you can better understand the language used within an insurance policy. Find links to other insurance related resources categorized by state, websites like the specific states Department of Insurance.

Visitors can surf around the easy to navigate site and after determining what type of insurance they need, they can simply click the "Get Quoted" button found on each page, complete the short form and submit their insurance quote request, it's really that easy. Agents and Brokers will contact the visitor with quotes as requested.

All the time and hassle that used to be required when shopping insurance has now been done away with. No more sitting on the phone, calling from place to place to get multiple quotes so you can compare and be sure you are not over paying.

You simple submit one short form and wait for multiple quotes to be sent to you via email or fax, however you request. done at your convenience, from your home or office computer any time of day, 7 days a week.

Please keep in mind that when submitting insurance quote requests via the internet, ultimately, real people will be providing you with the services you requested and that it will take a little time (up to 72 hours) before an agent or broker contacts you, so please be patient. For example, if you request an insurance quote on Friday evening, unless there is an agency open on Saturday or Sunday, you most likely will not hear from anyone until Monday.

Dean A. Markham, Global Marketing Strategies, Internet Marketing, Online Business Promotion - http://www.ebiz-strategies.com internet business money making strategies. Check us out - All Insurance Quotes http://www.iquoted.us commercial insurance quotes.

Best Insurance Policy is an Inoculation Against Uncertainties

By Addi Vardhaman

Insurance guarantees a stated amount of money at the completion of a specified period. Besides providing for financial security in the case of ones untimely death, it can be used to accumulate a kitty for ones old age, for financing ones or children's education as well. It is also found that people very often take insurance just to save themselves from taxes.

Under section 88 of Income tax Act 1961, the government of India has offered tax incentives to life insurance products in India. The objective of this incentive is to facilitate the flow of funds for productive purposes. Under this offer a nominee of life insurance is entitled to a rebate of 20 percent on the annual premium payable on ones life or ones children. The rebate is deductible from the tax payable by the nominee of the life insurance. The rebate can be availed up to Rs 12000 at the most on payment of yearly premium of Rs 60,000.

The best insurance policy is the one with a proof that no one can take it away from the nominee after his /her death but only the one entitled to. One need not take out a number of insurance policies and take the burden of their management. Rather, take out only one i.e. the best insurance policy from a reputable company with a sound track record. One must ensure that ones life insurance policy pay out 15 to 30 times of ones annual income as capital when one dies.

By purchasing a life insurance, a potential customer purchases peace of mind. As such, a potential customer is all set to counter any financial crises that may come. On the other hand, the insurance companies to help the nominees meet such demand collect the premiums from other customers who face the same risk and pay out for the loss claimed by the customers. Insurance provides assistance even in times of drop in income after ones retirement.

Fortunately, a large number of private players have entered this field. As such, a potential customer has a wide range of products and services to choose from. Moreover, these many private players in the market offer products that specifically suit every type of customer. That is why the potential customers should devote certain time for life insurance comparison in India before actually applying for one. As the Indian insurance market is more diversified now with new products being launched at regular intervals, comparison of different life insurance policies help the potential customers get the best deal; it will help the potential customers reap the fruit of unique aspects of every insurance product and get the maximum profit.

With the introduction of the online facility life insurance comparison in India can be carried on via this mode as well, and perhaps, it is the most hassle free and the cheapest mode for this task. Seating within the comfort of ones home and just with the click of the mouse one can avail information of more or less all the insurance policies that exist. This facility can be utilised to clarify the jargon's and terminologies pertaining to finance as well. One can also avail of the experts opinion on the net. With the availability of various on line communities potential customers are able to join those communities and clarify their doubts pertaining to any insurance policy. Having devoted certain time on the net one can easily find the best insurance policy in India. Before applying for an insurance policy one should be clear in mind regarding the reasons purchasing a policy. Ones reason may be tax benefit or life coverage. Only after firming it up one must apply for one. Different companies have different eligibility criteria though the main coverage areas are similar. Thus, properly going through the policies is a must to find the policy that addresses ones needs properly.

About The Author: For more information about life insurance and general insurance. Please visit our website: paisawaisa.com/

Mortgage Insurance and Protection Choices - Protecting Your Home and Family

By Marilyn Katz

Mortgage insurance or mortgage protection seems like it can mean more than one thing to the average consumer. I want to save people time and money, and also to make sure they find the right products that will help them feel more secure with a large investment like a home.

Many people think of private mortgage insurance (PMI). This product is usually required by lenders if the homeowner still owes more than 80% on their house. The proceeds are paid to the lender in the event that the borrower cannot make payments. It does protect the lender, but was not designed to provide protection to the homeowner. It can usually be avoided by making sure that you, as a homeowner, owe less than 80% of the value of your home. Sometimes this product is also called lender's mortgage insurance.

Another popular product is mortgage life insurance. These are term life policies that have a face value or death benefit that will cover the mortgage balance. The benefit will be paid to the policy beneficiaries upon the death of the insured person. Sometimes these policies also have disability or critical illness riders (options) to make them more flexible.

A popular option is the Return of Premium rider (ROP) which will pay the policy owner back the premiums paid in the event the term expires, and the insurance is not collected. For instance, a mortgage life policy may have a 20 year term and a $50 a month premium. If the insured person survives the policy, they can get back a check for $50 times 12 months times 20 years, or $6,000.

Term life policies are popular and affordable ways to cover mortgages in the event of a homeowner's death, and his or her loss of income to the family. However, many of us realize we are more likely to be unemployed than to die in the course of paying off our mortgage. A new and popular US product is called layoff protection or private unemployment protection.

Layoff protection plans pay a cash benefit to the plan member in the event ot a layoff. This money can be used to keep bills current, and is in addition to any state unemployment benefits they are entitled to. It is extra security that a mortgage or rent bill can be paid, loans can be kept current, and other bills can be paid in the event of temporary unemployment.

A final product that most homeowners seek is homeowner's insurance. This is property insurance, intended to cover the actual building in the event of damage. It may also provide liability coverage in case another person is injured on the property.

Have you heard about income protection that can be collected in addition to state unemployment benefits. This product has been popular in the UK for years, but is unique and new in the US market. We can also help you find the best term life insurance quotes if you are looking for the best mortgage life insurance plan.

Auto Transport Insurance

By Shiji Shijina

One important thing that has to be kept in mind before choosing a car transport company is the amount of insurance coverage that will be provided by them while the car is in their custody. Most auto transport companies do provide an insurance policy to their clients so that if their car faces any damage while shipping they can get a claim.

All the insurance agreements and responsibility for damages between you and your auto transport company should be included within your contract. When a valuable classic, vintage race car has been shipped apart from general insurance, a temporary type of insurance coverage has to be covered. Such coverage may be available through your auto transport company and added to the cost of your vehicle's transport.

Following things have to kept in mind:According to law the auto transport company will be having an insurance certificate which can be collected. You can freely ask them certain questions like what kind of policies they have, if any damage occurs during shipping will it be covered or only certain parts of the car will be covered. Keep in mind that any assurances that the auto transport companies gives should be in writing. Just see that if there are any personal items in the car. If yes, then remove it. The reason being the auto transport company will not cover any objects in the car.

When you drop your car at the shipping company, a transport truck driver will inspect your vehicle before loading it to check is their any damage. Be with the transport truck driver during the examination. Again an inspection takes place during unloading to check if any damage has taken place during shipping. Be there will the inspection process takes place and note down all damages on the condition report before receiving the car. Try to carry a camera with you for documentation. If you are taking possession of the car at night, try to do the inspection under bright lights. If you find any reason to file a claim, do it as soon as you take delivery of your vehicle.

If you do not note down the damages in the condition report it will be impossible to prove that the car transport company was responsible for the damages. If you feel that the auto transport company has not given full claim for your vehicle then you can file a complaint with your local better business bureau. You can also contact the U.S. Department if your vehicle was transported over state lines. But, U.S. department of transportation cant help you if there is already a court judgment against the company.

Shijina is an expert author for Auto transport and vehicle shipping. She written many articles like Vehicle transport, car shipping and car transport. For more information visit our site aaat.com Contact me at shijinaseo@gmail.com