Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured. Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party. Insurance helps provide a secure financial option to you in case something goes wrong or an unfortunate event takes place that puts a massive financial burden on you that you cannot bear by yourself. Your insurer will then cover the costs for you for which you have been paying him premiums up to the date of the event. Insurance is important as it helps you shed your worries and stress as any untoward incidence is already covered by your insurer and anything that can happen will not hamper your lifestyle or severely impact your financial situation.
What is Bumper to Bumper Insurance for a car? Bumper to bumper insurance covers all fiber, metal and rubber parts of the car. It differs from a comprehensive insurance policy in that it does not account for depreciation. In the event of an accident, the policy will pay out the full cost incurred to repair […]
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What is a Bike Insurance transfer? A Bike insurance transfer is a process of transferring your bike insurance policy to the new owner of the bike. In most cases, such transfers are required when purchasing or selling an older two-wheeler. Such changes in ownership must be reported to your insurance company. What are the Documents […]
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Life is full of surprises and uncertainties can take place anytime. If you want to keep the life of your loved ones sustained from any unforeseen events, you need to have a sure-shot plan to keep them secure. The most reliable option available is to choose a term insurance plan that assures financial security for […]
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Depending on the extent of the accident, you might be left with serious injuries and a heavily damaged car. After seeking medical help, the next important step for you is to draft a proper settlement letter or demand letter explaining the situation to your insurance provider and claim the coverage. However, you have to take […]
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SR-22 insurance is a motor vehicle liability endorsement required for high-risk drivers. A document tailored to help show financial responsibility. If you’re wondering if you need SR-22 insurance, then you could be also wondering what it covers and if it’s worth getting. Fortunately, this article will attempt to explain some of the features of SR-22 […]
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Health insurance is a basic step to security one should have, especially given the repeated lockdowns in the Coronavirus scenario. You may not even be a victim of the COVID-19 virus, but something as small as the common cold will drain your pockets. After all, almost all of the medical resources are focused on controlling […]
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Insurance sector contributes its fair share to the Indian economy. As insurance sector grows, our economy also grows exponentially. The bridge of growth has become wider now. The insurance sector is growing faster than the Indian economy. It means that more people are buying health insurance policies thanks to the increased insurance awareness. A health […]
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Senior citizens above the age of 60 might be more susceptible to health risks than ever. That is why buying potential health insurance is significant to ensure good health and proper treatment without any financial worries. Health insurance for senior citizens is thus a medical insurance policy that provides cashless hospitalization cover, takes care of […]
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Adversities come without knocking; the biggest example of this is the coronavirus pandemic. Therefore, irrespective of your current health status, it is important to stay covered under a medical insurance plan to keep your health and finances safe. Once you catch hold of any critical disease, you might have to spend all your savings on […]
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Medicare comes with many advantages. But, with its number of components, a Medicare policy can become more confusing for some. There are even individuals who aren’t aware that if they reach a certain age or disability criteria, their eligibility for Medicare automatically applies to some of its parts. This is an ongoing issue for many […]
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