Water damage is one of the most common home insurance claims as even a small pipe or faucet leak causes massive damage to property, and repairs can be expensive. Further, if left unchecked, the moisture can weaken the structure, making it difficult to sell the property in the future. So, it is imperative to know the extent of damage covered by your insurance company and what should you do while filing a water damage claim: What is covered under water damage insurance? Usually, sudden and accidental water damage is covered under home insurance. This includes: Burst pipes:  Frozen pipes can burst and cause waterlogging; this can be covered by insurance. Damage from storms:  Heavy rains or hail storms are one of the common contributors to water damage. Ice dams:  Ice accumulates on the roof or the gutter of the house, forming dams. The melted water can seep into the roof and can cause water damage. However, if the issue develops due to poor maintenance, the water damage claim may not be denied. Accidental leaks:  This covers leakage caused by the washing machine or dishwasher. Sudden roof leaks:  During a storm or heavy rain, if a tree falls on the roof of the house, it could let water into the house and inflict damage.

Life insurance plans are not frequent financial plans per se, yet a one time that needs a judicious decision and eventually smart shopping. To keep it straight and simple, don’t go by the norm of cheap but affordable life insurance plans. As we all know, health, age and individual lifestyle are three key elements, you can always ensure to get the best one by maintaining a sound health. It’s subjective though if life insurance is crucial or not, one cannot take a chance and wishes not for the remaining family members. Now to keep life insurance as affordable as possible, the thumb rule is to avoid waiting and to buy when young and healthy. Since the market is pretty volatile, the coverage rates are on the run too. The desired face value also decides the affordability of your life insurance plans. You can hire an agent to understand the assets, needs of your family members and to be paid and unpaid bills in the near future to determine your requirement. Choosing affordable life insurance plans essentially drills down to three basic categories- term, whole, and universal. Term is generally considered as the most preferred one for its least expensive and has a high face value feature.

Whether you wish to rent a car for the weekend or plan a month-long tour of the best spots in Asia, travel insurance is a must. Travel insurance smoothens things out if and when the going gets rough when you’re on the road. While people don’t always need all the aspects and riders that are associated with all the policies, the best travel insurance could literally be a lifesaver possibly, in case you have to suddenly cancel a vacation and wish to cover the cost for the same, or you have your stuff stolen on a vacation, or you need expensive medical care while on vacation or in case, god forbid, you have an accident. So how does one choose the best travel insurance? Check out these five major coverages: 24/7 worldwide assistance: You shouldn’t be limited by time or geographical location to seek help with travel-related assistance or medical emergencies during your trip Medical evacuation & repatriation: Arrangement and payments for returning you home or medical transport to a treatment center. Baggage delay/loss: Coverage for damaged/stolen/lost baggage or personal items; reimbursement for essential items. Trip cancellation/interruption: Reimbursement for non-refundable, prepaid expenditures like tours/hotels/flights in case you need to cut short/cancel a trip.

Road risk insurance is also referred to as motor trade insurance. Those having a motor trade or working in the motor trade industry need to protect themselves by getting a proper motor trade insurance which protects not only them but also their vehicles, customers, types of equipment and cash. Motor trade insurance covers every part of the business under one policy. You can work, manage the trade and also get covered for damages, collision, break-ins, and theft, etc. To get the right cover, read the following carefully. Mentioned here are the business types that benefit from motor trade insurance. These include car showrooms, repair centers, valet services, auction houses, breakdown and recovery, MOT centers and stations, mechanics, recovery agents, workshops, coach trimmers, auto electricians, vehicle repair, vehicle air conditioners, delivery agents, vehicle importers, classic car specialists, fitters, tuners, repairers, engineering workshops, scrap and salvage, exhaust, tire and windscreen fitters, fuel converter workshops, and vehicle enhancing workshops. Types of cover The most important part of the trade insurance is to get the right cover. Each policy is tailored according to that business and its requirement. Some common types of cover: Road risks Road risk is a must for a motor trade policy.

A term life insurance stands for exactly what it says—it is a life insurance for a particular term; this is the easiest forms of wealth protection. It is an insurance that fits your needs and budgets. Term life insurance provides protection to a family that loses its source of income; they cover short-term debts and other needs. This type of insurance also provides additional insurance for child-raising years, long-term protection to pay a mortgage, college education, etc. For a term life insurance, you can choose from the various terms on offer—10, 20, 30 years of coverage and benefit. The coverage starts with $100,000 with easy premiums for the initial term. After this, the premiums increase annually. It can be renewed up to the age of 95 and can be converted into a permanent policy subject to the age limit. Listed below are the few aspects you should look at while considering choosing between various term life insurance rates: Return When choosing between different term life insurance rates, you should consider the return rate being offered. Depending on the coverage offered by your term life insurance, if you have outlived that period, then all the premiums you have paid will be returned back to you regardless of the health; however, this factor is subject to age.

Making sure that you have a travel insurance while traveling is a must. Any place you go to, insurance is something you need to cover any medical emergencies, treatment, hospital stay and maybe even a flight back home. While other medical insurance is always taken care of, travel insurance is often ignored. Ideally, travel insurance should cover theft of luggage, loss of luggage as well as trip cancellation. If you have insurance, check what it covers and if there is no cover then get a supplementary insurance. Prepare for a large part of your trip and also keep cancellation and insurance which is a worthwhile expense. A comprehensive policy covers all the costs up to 10% of the total trip. Travel insurance ensures you the financial investment that you have made on your trip.  Usually, it covers the cost of your lost luggage, canceled flights, but will not cover the need for medical attention. If you are driving alone, it is necessary that you have liability insurance. This is offered by the car rental agencies and covers any damage to the vehicle, and another separate insurance covers damage to other vehicles and passengers. Multiple trip travel insurance The travel insurance plan for multiple trips is specifically aimed at business travelers who make more than three trips a year.

There are various aspects of our lives as humans when we give in a certain amount of hard work to make a plan work and hope for that plan to yield us a better future. The financial structure that has now been modified time and again by banking experts has created a vast sea of opportunities that one can avail, to make business proceedings smooth, safe and secured. The term insurance, although has not been a completely new addition to the English vocabulary, however, it is a rather recent addition to commonly used and related to vocabulary. To best understand the precise topic under which this write up is represented, it is crucial for the understanding process to begin from the base element or word in the discussion. In simple yet bank-related terminology a rule-abiding deal which is headed by a policy package as per which the policyholder is entitled to and receives when applicable, monetary protection against the defined category of loss from the insurance company. To be explained in a more diluted format, insurance policies provide a backbone support to individuals who opt for it, by guaranteeing them financial help in times of any loss incurred under pre-decided clauses.

As long as an individual is alive, regulating the affairs of the family and providing for them are their top-most priority. However, there are certain unpleasant situations that no one can escape, such as death. If you are the sole earning member of your family, and everything, right from your spouse’s needs to your children’s education, depends on you, then the family will have a tough time making ends meet without you; this is where life insurance steps in. A life insurance is a guarantee that your family will be well-provided for even after you are gone. All you have to do is choose a particular type of life insurance and ensure that you pay all the premiums on time. A life insurance is a contract between the policyholder and the insurer, where the insurer guarantees to pay a sum of money to the policyholder’s nominee in exchange for the premium that is paid by the policyholder till the time of their death. Moreover, the insurer can approve of payment in case of terminal illnesses as well, but this depends on the type of life insurance you have chosen. Before setting out to buy a life insurance, you need to calculate how much life insurance you need to cover the burial expenses and provide for your family posthumously.

Every car owner needs vehicle insurance, irrespective of whether they use the car, park it in their garage, or give it to a friend. Most states make this insurance mandatory by law. However, getting it can be tricky if this is your first time, as it involves learning about various coverages and other concepts. This post will take you through the different aspects of vehicle insurance so that you are well-informed when choosing a policy. What is vehicle insurance? Vehicle insurance, or auto insurance, is a shield of financial protection. It covers the costs in case the automobile meets with an accident or gets stolen. It also covers the repair costs if the car is damaged. But you must purchase a policy from an insurance company and pay a monthly premium. The company then promises to pay or cover the losses, in whole or part, as per the policy chosen. What are the types of coverage? You can claim different types of coverages from the insurance company. These include: Liability coverage T his coverage is applicable mainly if the automobile meets with an accident. The cost of treatment for the other driver and the cost of repairing their car is covered.

Health insurance has become a necessity, more than a precaution today owing to a number of health complications people face on a regular basis. AARP Insurance provides healthcare and Medicare with supplement plans for the elderly through its non-profit organization. Exclusive member benefits include professional consultation with experts who will guide you through the various steps when you are eligible for Medicare, and AARP Medicare supplement plans 2017. However, here are a few things you should know before browsing for AARP Medicare plans: AARP Medicare supplement plans have maintained a stable rate of 2.9% increase annually for the past four years. Members will have the added benefit of switching from one AARP supplement plan to the other and can also avail discounts on plans offered in more than 36 states. Retirees who have enrolled into AARP Medicare and supplement insurance plans after the age of 65 as per the specifications of AARP, massive enrollment discounts of 30% are offered which will keep decreasing by 3% after that every year. Cost and benefits of AARP plans have to be evaluated to understand the which Medicare and AARP Medicare supplement plans 2017 are best suited for you. AARP open enrollment happens once a year which is why asking the right questions will help compare plans and choose from the best available at low cost or even no cost.

The insurance for identity theft is provided by most of the major ID protection services. However, what the policy would cover would most definitely differ from one company to another. Most of the times, the costs associated with reclaiming your identity and legal fees are covered. Some of the other costs that are usually covered would be the coverage for lost wages because of the time is taken off from work in order to deal with the identity fraud situation etc. However, the amount of coverage that would be provided is up to the company’s discretion. Some identity theft insurance providers might also offer to pay for child and elder care. However, it is absolutely important to pay special attention to what the identity theft insurance covers exactly in order to not fall into further trouble when you’re already facing charges and are a victim. Here are some of the best identity theft insurance companies available in the market: LifeLock: This company provides more than just the coverage of the legal fees associated with reclamation of your identity. They also pay for the wages which would be lost if you would have to deal with an identity fraud issue and they also cover any travel expenses that you would incur in the process.