Finding the life insurance for you family is a long and tedious task. A lot of customers would rather talk to an agent instead of finding them themselves. However, agents as smart as they are, tends push you to purchase more coverage than you need in exchange for bigger commission on their pocket. Although it is a good thing to have a wide coverage with very little to no exceptions on the contract, if there is no need for additional features or clauses, then you are simply wasting your money. Now, the best thing to do is to compare policies from different life insurance providers. Read more…
November 29, 2011
Pet insurance tips: Dogs and holiday visitors
For many families, December holidays bring a change in routine and lots of extra commotion to the household— which can be stressful for your dog. Although you may be versed in pet health and behavior, with all the extra commotion, your pet many begin to exhibit unusual or undesirable behaviors like stealing food, jumping up on people, or growling or snapping at visitors.
Although it’s a good idea to have pet insurance in case of the accidental illness or injury during the holidays, the following tips can help keep your dog calm, happy and safe in your home this season.
Front door behaviors Whether your dog perceives it as exciting or alarming, a knock on the door can be a stimulating and potentially dangerous event. It
November 26, 2011
Telematics encourage safer driving
Britains young drivers are being encouraged to drive more safely thanks to the introduction of telematics technology, according to The Co-operative Insurance.
More than a third (35%) of drivers are driving in an excellent way, with a small proportion (5%) guilty of poor driving.
The Young Driver scheme was launched earlier this year and measures a number of driving behaviours, such as cornering and speed.
The behaviours are scored from one to five (poor to excellent respectively) and those who score well on a consistent basis are rewarded with premium discounts.
At present 97% of male drivers have received discounts, slightly ahead of women, of whom 92% have earnt a discount.
Director of General Insurance David Neave said that the figures showed that motorists were responded to the firms carrot approach, adding that, whilst the telematics scheme was in its infancy, there was great potential for even more safe driving by using the available technology.
Yesterday ABI Director General Otto Thoresen praised the use of telematic black box systems that encourage safer driving.
November 25, 2011
Motorcycle Crashes
Along with the hot wheels, cool trim, leather interior and killer sound system, your sports car came with another line item add-on that wasn’t part of the MSRP: sports car automobile insurance. Insuring your shiny fast ride can add thousands of dollars to cost of ownership over the life of the car…unless you’re a savvy shopper. Here’s what you need to know to help you find cheap sports car insurance (or at least reasonably priced). For starters, different insurance companies have different definitions of what is and isn’t a sports car. This is typically based on a VIN (vehicle identification number) system published by the Insurance Services Office or the company’s own ranking system. Either syst
November 14, 2011
60 weeks to the RDR deadline – but who’s counting….
This week, Celent hosted a London event on the UK regulatory topic of Retail Distribution Review (RDR) that will impact the entire life insurance industry. As Jamie Macgregor, pointed out, there are a little over 50 planning weeks until the deadline for implementation.
Matt Browne from the FSA covered key points and intentions of the regulations, and reminded the audience that this is the time to take action, not to debate. The essence of RDR is to fix the retail long term savings and investment market which many consider is not working for the mass market customer.