Wedded With Insurance!

 Uncategorized  No Responses »
Aug 042011
 

Wedding insurance does not fall under traditional policies and hence unknown to many. Wedding is a special occasion that stays fresh in our minds for the rest of our lives. Especially in countries like India, it can mean a lot of happiness and a lot of money! It is planned months ahead and people make sure that everything goes on smoothly.

In spite of these plans and preparations sometimes, bad luck can blow off the day and lead to financial loss. It is therefore prudent and smart to spend a small amount of money on wedding insurance to help get one’s wedding back on track without having to worry about the wasted expense.

What it covers

Wedding insurance covers the damage of the wedding place due to fire and similar hazards. It covers the illness or accidental injury to the bride, groom and close relatives. Jewels are imperative in Indian weddings and the policy covers all the jewelry and any huge sum of money kept at your house during the wedding.

It also covers the legal liability that can arise in case any third party property is damaged during the wedding or third party injury or illness caused due to accidents/ damage to the venue and food poisoning during the wedding.

Natural disasters are erratic, they can create havoc in a fraction of a second, and if such bad weather conditions like heavy rainfall or natural disasters like flood or earthquake leads to the cancellation or postponement of the wedding, the policy will cover the cost of rescheduling.

The policy also covers the loss if your caterer, photographer, or other volunteers who arrange the wedding ceremony are not present at the time of the wedding.

In this manner, Wedding Insurance provides you full protection against all the unavoidable circumstances and makes your wedding secure.

What it excludes

The insurance will not cover cancellation of the wedding due to dispute between marriage parties or any other criminal act. The insurer will not cover your willful negligence if any, at the time of taking the policy.

The policy will also not cover the expenses if the wedding happens to get cancelled due to any act of terrorism, Kidnapping of the bride or groom, or criminal misconduct of the bride, bridegroom or their parents.

There are many insurers offering this insurance in India. Mostly the wedding insurance proposals do not come directly from the beneficiaries rather it always comes from the event management companies who organize the wedding ceremonies because they are much involved on the business side of the wedding.

Though it is not very popular yet, the awareness is growing among the youngsters who think it is prudent to spend a small portion of their money to secure their once in a life time event.

 Posted by at 2:38 am

Top Triggers For False Claims Act Liability

 Top Triggers For False Claims Act Liability  No Responses »
Aug 022011
 

The medical profession can be a shifty game if you are unaware of its pitfalls. While most medical professionals really just want to help patients feel better about themselves and bring them to an absolute state of wellness, there are others, who are in it simply to make money, and they’re not afraid of robbing from patients and insurance companies to do it. The abuses in the system are considerable, and that’s why many in Washington would agree – whether Democrat, Republican, or Independent – that something should be done to fix the system. While they don’t agree on what that something is, one of the safeguards currently in existence is the False Claims Act. Here are three of the most common triggers for liability under this piece of legislation:

Billing for services not rendered

Many times unscrupulous doctors will actually bill the insurance company for services that didn’t actually take place. They depend on patient ignorance and the advantage of the insurance companies not being there in the room at the time of treatment in order to get away with this one. That’s why it is important that you as a patient look over your bills or have someone you trust go with you and then examine the itemization. If not, your insurance company could be getting hit hard, and they will pass that on to you in the form of increased premiums.

Misrepresentation of the goods and services rendered

Sometimes the bad guys won’t flat out lie about what they did, but they will misrepresent what the goods and services rendered were used for, and again, it results in an overcharge. You don’t want to cause a rift between yourself and your doctor, especially if you trust the care that he provides, but if you start to suspect that his office is trying to “pull one over on you,” then you need to do something about it. Contact your insurance representative at once and voice your concerns.

Misrepresentation of the nature of the patient’s illness

Sometimes a doctor may present a patient’s illness as less (or more) serious than it really is. This can trigger liability under the False Claims Act as well because many times an insurance company will not cover something that is unnecessary for restoring the health of the patient. If a doctor seriously thinks testing or sending to an outside specialist is necessary, then there is no issue, but they have to be able to back that up by showing a past treatment pattern that indicates an escalation.

When dealing with the health care world, you as a patient must stay on your toes, and do your very best to protect yourself from overcharging and fraudulent practice.

 Posted by at 2:31 am

Choosing the Best Farm Insurance for You

 Choosing the Best Farm Insurance for You  No Responses »
Aug 012011
 

Farmers, like car owners and home owners, should insure their farm and its property. The right farm insurance will cover your farm operations to make sure you do not lose your farm an accident. There are several types of insurances in the market, and you will need to choose the one that suits you best. The insurance should be able compensation in case thieves raid your farm or your crops are damaged through natural disaster.

Types of farm insurance

Peril farm insurance covers your farm property against risks such as floods, theft, lighting as well as hail. It takes of care risks that are out of your control and which can usually cause massive loss. It can also cover your livestock against perils such as electrocution and drowning. The insurance company is going to compensate you in case you lose farm products or livestock due to these perils.

The farm insurance should also cover your farm equipments and machinery. When you buy this insurance, you should expect it to cover everything that is used in running your farm including the machinery. It should pay for machinery repairs and other damages. Crop insurance, on the other hand, is meant to protect you against crop failure. Since crop production is reliant on weather conditions, you can not predict your harvest. You should therefore insure your crops to make sure you get compensated in case you get a poor harvest because of poor weather conditions. The premium charged by the insurance company will depend on the revenue you expect to get from your harvest.

It is also important to know about liability insurance and how it works. This insurance covers you and your employees against any accidents that nay occur in the farm. Consumers are also covered under this insurance so in case one of your customers gets sick after consuming products from your farm, the insurance will pay for the damages. Auto farm insurance covers your farm car as well as property that may be damaged during transit. The driver is also covered in this insurance. You may also want to take farm insurance cover to protect you against loss of income in case your livestock are stolen or a fire destroys everything in your farm. The insurance company will determine your compensation based on your previous earnings and how much you have paid as premium.

How to get cheap farm insurance

The cost of farm insurance can vary from one company to another. It is therefore important to shop around and compare prices so you can get the best deal available. You can do your search online or contact several companies by checking their phone number on the yellow pages. Your relatives and friends can also recommend you to a cheap insurance company.

Finding the right farm insurance can be a great investment since you will be assured of compensation in case of loss. Look for an insurance that covers all property in your farm including crops, livestock, machinery, employees and vehicles. In conclusion, choose an insurance that suits your budget.

 Posted by at 2:24 am
Page 10 of 10« First...678910
© 2012 ainblog.com Suffusion theme by Sayontan Sinha