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Insurance

Travel In Style: Get Yourself Holiday Insurance

It’s one thing to go out and enjoy your holiday, and another thing altogether to really enjoy it knowing you are adequately covered by the appropriate travel insurance. Sure, we all have the tendency to set insurance concerns on the side because we think that incidents happen to other people but not to us. But then again, that’s why we call these accidents: it is because we can never adequately plan for them. 

The right travel insurance is the perfect way to ease all of these concerns because you know that whatever happens, you have signed up for the right coverage to address all your needs while you are out traveling. For example, the Debenhams holiday insurance actually foots unlimited medical expenses should you choose this for your next trip. When you are out there on an adventure, whether enjoying an African safari or taking in the water attractions in the Great Barrier Reef, whether you are lazily lounging in theBahamas or skiing in the Swiss Alps, whether you are conquering Mt. Fuji in Japan or enjoying water sports attractions and the cozy, crystal clear beaches in the Philippines, you can be confident that your holiday and travel insurance will have you covered for any eventuality. 

The same holiday insurance can also be broken down to include or exclude things that you feel may or may not apply to you. For as low as £5, it is actually possible to get a “single trip holiday insurance.” Likewise, one can also get an annual travel policy for £30. Ski adventures are readily affordable at only £13 per trip while backpacker adventures can be bought for £15. And as if you need any more reason to try it out, consider that the kids are covered for free during the travel period so much so that you are practically care-free and worry-free because you know your concerns are adequately addressed. In fact, some of the best holiday insurance policies even allow for holiday cancellation coverage, refunding your travel booking expenses up to £7500 just so you know you can always re-schedule without losing any money from all that hullabaloo.

If you are a frequent traveler, no doubt you have seen all the good and the bad that can happen in a trip. Likewise, it would not be a stretch to assume that you have suffered through all the mess that comes with trip-related emergencies. These emergencies are so disrupting that even when they happen once every 20 trips or so, they can still get us off-balanced and leave us frustrated. 

Trust the best holiday insurance providers to take care of you during this period so you can focus on enjoying the scene and the attractions. After all, isn’t that why you chose to go out on a trip in the first place? Leave it to your travel insurance to put you at ease. At very affordable rates, you won’t have to fret about trip-related problems ever again. 

Insurance

Falling Through the Gaps in Obamacare

There was a time when health insurance was only available to people with money and/or with jobs that offered affordable insurance coverage. Today, thanks to the Affordable Care Act, aka Obamacare, more people are able to afford the coverage they need.

Furthermore, many of those people are also getting coverage for things that had previously been left out of insurance policies, such as drug and alcohol treatment services.

In fact, according the ACA, substance abuse and mental health services are considered essential care for which insurance companies are required to provide coverage. There are also rehab centers that are aware of this, and can help people navigate the new insurance rules to get the help they need. (1)

However, although the Affordable Care Act has made it possible for millions of the poor and self-employed to get affordable health insurance, there are still those who fall through the cracks.

Falling Through the Cracks

When the Affordable Care Act was first introduced, there were provisions to expand Medicaid coverage to individuals who would be too poor to qualify for the subsidy, but not poor enough to normally qualify for Medicaid. The Supreme Court ruled that requiring states to expand Medicaid was unconstitutional, and the states were given the option to opt out – several states took that option.

As of this writing (2), 28 states and the District of Columbia have expanded their Medicaid coverage, three states are considering expansion, and 19 states have no plans to expand. This means that the millions of poor living in the states without Medicaid expansion will continue to fall through the cracks.

What the Obamacare Medicaid Provision Means

Prior to the Affordable Care Act, there were millions of working poor: people who had jobs – sometimes multiple jobs – that paid a subsistence wage. Additionally, many of these jobs did not provide health insurance. However, although they could be classified as poor, their jobs paid just enough they there were above the poverty line. (3)

With the Medicaid expansion in the Affordable Care Act, the working poor under age 65 could qualify for Medicaid if they are at or below 138 percent of the poverty line. That means a single person, without kids, could make up to $15,857 per year, and a family of four cold make $29,700 per year. Those who make more than that would qualify for a subsidy if they apply for insurance through the marketplace.

The Federal government would have funded the expansion 100 percent the first year, meaning the funds would not have come out of the State’s coffers. Additionally, the federal government would have continue to fund 90 percent for the remaining years, meaning the expansion still would have been of very little cost to the states that participated.

Yet, 22 states refused to expand and, as a result, those millions of working poor fell through that gap that would have been closed by the expansion.

What the Gap Means

That gap means that individuals who are too poor for the subsidy, but not poor enough for Medicaid will get no coverage at all. Not only will they not have coverage for preventative care that could keep them healthy, such as yearly physicals, mammograms, and pap smears, but they will also not have coverage for the care they need when they are sick.

It also means that individuals with existing conditions, such as chronic diseases or drug and alcohol issues won’t, be able to afford the care they need to get sober.

Options for Care Without Insurance

Community health centers are often the only care option for people who don’t have insurance coverage. Some of these community centers offer everything from vaccinations and other preventative care to care for acute injuries and illnesses. In many cases, they can offer a sliding scale for fees and payment plans.

However, not every community has these types of clinics, and the few clinics that do exist are overcrowded.

For many, emergency rooms are still the first option for people with acute injuries and illnesses, because emergency rooms can’t turn people away. However, when it comes to treating and managing chronic conditions, or mental health issues like drug and alcohol addiction, there are still very few options.

The good news is that more states are looking to expand Medicaid, which means we could get closer to closing that gap and providing affordable coverage for all.

Resources:

1.  The Recovery Village: Insurance

2.  The Advisory Board Company: Where the States Stand on Medicaid Expansion

3.  Healthline: Healthcare Reform: How the Poor Continue to Fall Through the Cracks

Insurance

Will Regular Servicing Keep Your Insurance Premiums Down?

When it comes to owning and maintaining a car in Asia, things can get very expensive very quickly. In highly populated areas like Hong Kong, congestion levels are staggering. At peak times, there are an estimated three hundred vehicles filling up every kilometre of the road. It’s fair to say that the people of Hong Kong are familiar with wall to wall traffic jams on the way to work – on the way back as well. This level of traffic congestion is what makes owning a car in Asia so expensive.

However, there are ways to lower the cost of owning and driving a car. The first is to ditch the vehicle and start taking public transport – the buses, trams and trains in Asia are some of the most reliable in the world. If you’re not yet willing to do anything quite so radical, you could always focus your attention on making your vehicle as safe as possible. Just like in Britain, the condition of a car can greatly affect the insurance premium that you have to pay.

The key to maintaining an optimum vehicle condition is with semi-regular servicing. This does cost drivers more money, but it can make a big difference to their premiums in the future with companies like Direct Asia. Yet, even this isn’t any use if you’re not driving the right kind of vehicle in the first place. A brand new vehicle will attract very high premiums, as will a sports car or a vehicle that is older than ten years. It’s a delicate balancing act between the right kind of car and the wrong kind, between a positive service history and a negative one.

For example, you do want your service history to show that you care for the maintenance of your vehicle. You do want there to be evidence of regular scheduled checks and routine wear and tear repairs. This is bound to positively affect your insurance premiums, because it shows that you are willing to take responsibility for the safety of your vehicle. What you don’t want to do is take your car to be serviced or repaired too often. According to experts at HowStuffWorks.com, it can make your vehicle look as if it needs a lot of focused attention.

If you want to attract low premiums, you are advised to drive a car that is between two and ten years old, say the experts at Confused.com. It won’t be new enough to be considered high risk for superficial damage, but neither will it be old enough to be considered a break down risk. Do take your car for a service twice a year, but avoid running up unnecessary expenses on a vehicle that isn’t really worth the effort or the trouble. If you have a car that keeps breaking down, it could be cheaper in the long run to invest in a much better model.

The influence of your service history will depend on what kind of maintenance your vehicle regularly needs. If it only requires a scheduled tune up or a few superficial repairs, it’s unlikely that your service history will negatively impact your insurance premiums. However, if your car has regular engine, brake or suspension problems – you might find that your premium shoots up very quickly. The simplest way to earn yourself a lower premium is still the best one. As long as you drive safely and considerately, you shouldn’t fall prey to unaffordable running costs.

Insurance

The Importance of Landlord Insurance

Take a look at http://www.totallandlordinsurance.co.uk/ to learn more

As far as personal finance goes, one of the most profitable ventures that a willing investor can enter into is to buy a property which can then be subsequently rented out for a regular profit. With the rise of affordable housing and condominium units that are attractive for students, young professionals or people who simply cannot afford to buy their own house at this point in time, the opportunities in this thriving business segment is indeed bright and abundant. 

However, it is fairly common knowledge that one of the more established deterrents to renting out a property is the risk that the landlord absorbs in case the tenants inadvertently damage the property. Ever so often, we hear of scary stories where properties are damaged by tenants who are unwilling to shoulder the expenses necessary to have the property repaired. As a result, landlords shell out their own personal money to have the properties repaired before it can be rented again. 

Thankfully, now it is possible for a property owner to secure landlord insurance to protect himself or herself from the risk of property damage without having to shy away from the renting business altogether. Some financial institutions actually specialize in providing landlord insurance and offer a variety of packages suited to one’s landlord portfolio. Whether you are a first-time landlord or you own a vast array of properties that you rent out for residential and commercial purposes, you are guaranteed to find a landlord insurance that works for you. 

Like most types of insurance, one only needs to come into an agreement with the insurance provider as to the specific coverage of the policy. Afterwards, all that remains is for the landlord to pay the appropriate premium fees for the policy to take effect. During the period of coverage, the insurance firm will shoulder the repair expenses for properties that are insured provided that the damage is in accordance with the insurance agreement. In this way, the landlord is insulated from all the repair expenses while continuing to reap the benefits of having rented a property. 

According to a fire attorney with landlord insurance now available, property owners no longer have to fear the idea of inadvertent property damage after they rent out their property. Gone are the days when a landlord sits down and agonizes over how to pay for property repair. Now, all that one worries about is getting the right landlord insurance and everything else falls into its proper place. 

Consider this a golden opportunity to grow your personal finance portfolio by renting out your properties and then securing the right insurance to cover the risks. With the right landlord insurance, you can sleep soundly and still earn comfortably without having to worry about your property. 

Insurance

How to Shop Around for the Best Life Insurance Quotes

Finding the best Life Insurance Guideline is something that many people hope to do, but often have a hard time sifting through the hundreds of different companies that offer life insurance policies. Many companies have several different life insurance policies that are available to consumers, each providing different coverage with huge ranges in price. There are a few tried and true techniques that you can use to evaluate the life insurance quotes that you have available to you, and narrow down the list of options to only those companies that deserve consideration.

Make an Initial List

Start by making an initial list of companies that you would like to consider using for your life insurance policy. This list can come from a number of sources, including your local area, online quote providers, and any other source that you have to find life insurance companies. Start by making your initial list, and then you can go about researching the companies to find the policy that is going to suit you and your family best. The initial list should be around 10 different companies or policies, so that you have plenty of material to work with when you begin researching the company.

Read Reviews

Once you have a list of companies that you are considering, the next thing that you need to do is to become familiar with the companies. There is no better way to evaluate a company than by reading the reviews that they have available from previous customers. This can alert you to certain issues that previous customers might have had with the company, and will allow you to avoid companies that have a reputation for not being able to take care of their customers. The more reviews that you read, the bigger of a picture you will have in order to gauge the competency of these companies. Use the reviews that you read to narrow down the list of companies that you are considering using.

Understand the Policies

Now that you have your list narrowed down to just a few companies, you need to understand the policies that they have available. Read all of the fine print of each of the policies that you are considering so you can understand the policies in full, and know what the potential pros and cons of each policy are. Know exactly what can void your policy, and how you can avoid breaching the terms of your policy.

Compare Prices

Also compare the prices of the policies between the different companies that you are considering. Remember, higher quality policies that generally force companies to take on more risk are going to cost more. Also weigh the price of the life insurance policies against the guaranteed and potential payouts that are given by the policy when necessary. Price is a huge consideration when you are choosing a life insurance policy, so take your time and evaluate all of the options that you have in front of you. Also make sure that you have a proper budget in place, so you know where to draw the line in terms of which policies are available to you.

Speak With Them

Once you have your list down to just a few life insurance plans, the last step is to speak to them about your decision. This can give you a good indication of the customer service that they provide, as well as giving them a chance to sell you on their policies. Ask any questions that you might have about the policy, and ask them to explain aspects that you do not understand, in full. By speaking to them, you give them the chance to quell any of your concerns and can give you one last evaluation to work with when making your final decision.

Author Bio: This article was written by Chuck Henry of Wonga.com a company that helps with short term loan needs.