Archive for the ‘Insurance’ Category

Insurance Policies And Excesses

Wednesday, August 18th, 2010

Typically Insurance policies have an excess on them although something like a Critical Illness Insurance plan will not. This is where you pay the first amount towards a claim. Generally on something like pet insurance the excess will be lower than if you were claiming on a horse insurance policy.

Sometimes a company may put a percentage onto the excess which generally means that there is a minimum claim amount for example £175 or 17.5 percent which ever is greater.

You can not claim if your excess is lower than the minimum of £175. For example if your claim was for £2400 and your minimum excess was as mentioned as above that you will have to pay the first £420 towards the claim. The rest of the claim will be paid out by the insurance provider. When making a claim for animal insurance you can stipulate whether you pay the full amount to the vet and claim it back off the insurance company or you can pay your excess and let the insurance company pay the vet.

Applying For Insurance Protection

Monday, August 2nd, 2010

When you apply to an insurance company for protection insurance such as Critical Illness together with Life Insurance, Life Insurance, Income Protection Insurance, Whole of Life insurance and Critical Illness cover there will be certain underwriting criteria that will be need to meet. Every insurance company is different but typically when you have applied to them they access your residency, your health and general lifestyle your occupation and hobbies.

They take everything that you provide them with an access if it meets their requirements. With regards to your residency they are generally looking to see if you have been or are planning on going to any high risk areas such as Asia and Africa etc.

Many companies class them as high risk not only because of terrorism etc but due to diseases and lack of health care available in these types of less fortunate countries. The insurance provider may also require any past or pending travel for more than 1 month out of Western Europe etc.

The Differences In Insurance Plans

Saturday, July 17th, 2010

If you pet has not been vaccinated and in the event of a claim your pet has contracted one of the viruses that it could have been vaccinated against you would not be covered on the insurance policy and no benefits of the policy will be paid.

As with most types of insurance there is typically an excess to pay on pet insurance. An excess is the initial amount that you pay towards making a claim. The costs of this will be stipulated to you at the time of application and will also be backed up in your policy wording section of your pet insurance documents.

Most pet insurance providers automatically cover your per for third party liability. This is in case your pet is the cause of an accident or if it bit someone so that you are covered for any third party damage the pet may have caused, this is different to Critical Illness Cover

Serious Lung Disease And Insurance

Friday, July 16th, 2010

More serious cases of lung diseases can be known as pneumonia, lung cancer and tuberculosis. A common cold is classed as a mild case of lung disease as this affects how the lungs work and function. Typically lung diseases affect 1 in 7 people in the UK. Pulmonary arteries are found in the heart.

They are the main arteries that carry the blood to and from the heart and lungs and are the only arteries in the body that carries deoxygenated blood from the right ventricle to the lungs. There are many reasons why the pulmonary artery may stop working but there are also a number of procedures that can be done to try and fix it.

A critical illness life insurance policy would undoubtedly pay out on a claim of such sort, however there may be certain requirements written in the terms and conditions so it is advisable to check on this where as a Life Insurance Quote would probably not pay on this type of claim.

Diseases That Are Not Covered By Life Insurance

Friday, July 16th, 2010

As parkinsons disease becomes worse and more of advanced case the individual may suffer from speech and language difficulties. This can be very difficult for the individual to take and may get very frustrating at times for them there is no point taking Life Insurance to cover illnesses like this you are better having some form of critical illness insurance.

Unfortunately this disease does progress and gets worse as time goes on and this may result in the individual needing help and assistance from others.

Sometimes the family of the individual choose to care for the sufferer themselves in less advanced cases and in other cases where the disease is so far advanced they may end up putting the individual into a care home so that they can be looked after more effectively and given 24/7 around the clock care and attention. Parkinsons disease is typically known not to be hereditary. Unfortunately there is no cure for this disease yet, but the affects and symptoms can be controlled and monitored with medication.