About Wedding Insurance and Avoiding Related Losses

Congratulations! You are engaged to be married!

After a couple decides to marry, there is a lot of exciting planning to do for a wedding.
From booking the hall to renting or buying proper wedding attire and hiring the services of vendors such as a caterer, a florist, a band, a photographer, a videographer and others, the event requires carefully thought-out preparations.

But as luck would have it, perceived results of wedding plans do not always fall into a no-fail outcome. Accidents and heart-dropping mishaps can – and often do – occur even at the biggest day of a new couple's life together.

Fortunately, there is wedding insurance to cover any related upset.

Here are some important things a wedding insurance policy can cover.

Insurance Coverage for the Wedding Event

Liability: If the hall or equipment incurs damages that the wedding party is responsible or if a guest gets injured at the event, wedding liability insurance can pay for associated costs.

Cancellation or Postponement: If an unexpected event occurs, like extreme weather or illness, and the wedding has to be called off or postponed, this coverage will pay for the related expenses.

Vendor Failure: In the event the photographer or other wedding vendor does not show up or does not deliver goods at pledged date, this will give you coverage.

Wedding Gift Loss: This coverage extends to items presented as gifts to the bride and groom, but not for cash or gift certificates or cards.

Special Attire: If any of the special clothing worn by the wedding party is lost, stolen or damaged, this coverage will pay for replacement or repair.

Special Wedding Jewelry: If the ring or other special jewelry for the event is damaged, lost or stolen, this coverage will step in to pay for associated costs.

Loss of Wedding Related Deposits: in the event on of the hired wedding vendors goes out of business and does not deliver services or goods, this coverage will pay for deposit losses.
Liquor Liability: If the wedding party is liable for damages or injury due to intoxication at the event, this form of insurance will cover the costs.

Just as there is no person or couple that is alike, each wedding comes with its unique set of exposures. Speaking with an experienced independent agent about your related insurance needs will clarify the issues. Moreover, an independent agency offers policies from many different companies and the expertise of a professional shopping the insurance network for you to present tailored coverage at competitively lowest rates!

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Motorcycle Insurance – Things to Know When Shopping for Motorcycle Insurance Quotes

What you should know about shopping for motorcycle insurance including how to find the lowest quotes. How insurance companies rate motorcycle insurance and more.

  1. How do insurance companies rate motorcycle insurance?
  2. Do I have to have a motorcycle license to get insurance?
  3. Why is full coverage so much more than liability insurance on my bike?
  4. Are there benefits in using an agency to quote my motorcycle insurance?
  5. How can I find the lowest rate insurance quotes?

1. How do insurance companies rate motorcycle insurance? Insurance companies rate bikers insurance much like auto insurance with a few differences. Here’s a list of the main rating factors used to determine your rates….

  • Zip code – Areas with a greater history of losses rate higher
  • Date of birth – Wisdom and safety come with age
  • Driving experience – More experience equals lower rates
  • Marital Status – Married riders enjoy a little lower rates
  • Violation history – More violations, more premium
  • Coverages requested – Better coverages, higher premiums
  • Motorcycle Value – Only when purchasing full coverage
  • CC Size – Size matters, bigger engines pay more
  • Cycle endorsement date – the date you got a motorcycle license
  • Discounts & other rating factors – ask your company for details

2. Do I have to have a motorcycle license to purchase insurance? You don’t have to obtain a motorcycle license to purchase riders insurance, however, having a motorcycle license does have a bearing on your rates. Having a class M license shows the insurance company that you are an experienced rider and less likely to be involved in an accident. The longer you’ve had your motorcycle license, the lower the rates. There are many companies available for you to purchase motorcycle insurance from even if you don’t have a license but be prepared to pay a higher rate than those with a license.

3. Why is full coverage so much more than liability insurance on my bike? The reason why full coverage insurance on a motorcycle is so much higher than liability is simply because of the risk involved. Remember, liability insurance covers others, what you’re liable for, and not your bike itself and full coverage covers your bike as well as liability. If you hit someone with your motorcycle, your insurance company has to pay for damages you caused to others and their property. How much damage can you really cause with a motorcycle? That’s why liability motorcycle insurance is usually so inexpensive. The damage you can cause with your bike reflects the rates you pay on liability. Now, it’s a whole another story when it comes to full coverage. Almost any kind of accident will cause extensive damage to your bike that would have to be paid for resulting in much higher rates. Get quotes on both and compare your options before making a decision.

4. Are there benefits in using an agency to quote my motorcycle insurance? There are great benefits in using an agency. Agencies usually work with multiple carriers that have different …

Shopping for a New Health or Dental Insurance Plan?

If you are one of the many self-employed or work for an employer that does not offer any insurance benefits, you will have to shop for health and dental policy on your own or with the help of an insurance agent. For some this may seem overwhelming but it really only takes some research to gain better understanding on how insurance plans are organized.

When reading a health insurance policy you will encounter insurance specific terms. These terms tell you what you are responsible to pay and what the insurance company will pay.

Copay – This is a cost sharing agreement in which the insured pays a predetermined amount and the insurance company pays the rest. Example: You have a $50 copay for a doctor visit where the cost is $80. You pay the $50 and insurance pays $30.

Deductible – This is how much the insured is responsible to pay before insurance will begin to pay. The higher the deductibles, the lower the monthly cost.

Coinsurance – This is another cost sharing agreement but in this one you pay a certain percentage and the insurance company pays another percentage. Example: Your office visit cost $80 and you are responsible for 30% which is $24 so the insurer will pay 70% which in this case is $56.

Waiting period – This is a way for insurance companies to cut cost and avoid paying for pre-existing conditions. Waiting periods vary but you may encounter waiting periods anywhere from 1 to 12 months for services that will later be covered.

Dental insurance companies offer many plans but most fall into the category of a savings plan, a network plan or a fixed benefit plan. Each plan will address preventative, basic and major services. Consumers need to be educated on what all that means because the three basic types of plans are very different.

The dental savings plan is cheap and only offers network discounts. Most advertise discount ranges of 20% to 65% depending on which provider you choose. Some people think these plans are worthless and do not offer much benefit but they are perfect for people who only need cleanings, few basic services and no major services. The other thing to consider is that the network and fixed benefit plan have a maximum amount of benefits per year. This plan does not so it could also augment a network plan.

A network plan has copays and deductibles. It offers more coverage with an emphasis on preventative services and happens to be the most expensive option. This plan will typically pay 100% of your preventative services and percentages of your basic and majors. Some will have a waiting period on these services and some do not cover major services at all. You must determine if you have a risk of needing major services or if you can augment the plan with a savings plan.

The fixed benefit plan pays predetermined cash for covered services. If your family cannot afford a network plan, …

Jewelry Insurance – Hints and Tips So You Don't Get Ripped Off

As crime and drug use increases, the risks involved in having Antique and Estate Jewelry just lying around your home seem to treble. It becomes a nightmare and you find you are just not sure what to do.

Here are some timely pieces of advice, but by no no comprehensive. If you have special circumstances, it may pay you to go one step further and get some professional advice.

BALANCE AND COMMON SENSE …

If you collect Antique Jewelry and your collection has grown to more than 'Just a couple of Rings' you will have a double edged sword to handle.

In the first place you have two problems.

* You are an active buyer, so people know who you are.

* Insurance has put 'Premiums' through the roof.

Personally, we just Hate to see items collected and never worn.
Jewelry was made to adorn, so if you can, wear them.

But remember this is an open advert to the whole world that you have 'Got some Jewelry' at Home. It pays to be just a little aware!

YOUR INSURANCE POLICY …

Your Home and Contents policy 'GENERALLY' does NOT cover your personal Jewelry over a certain amount (this varies from company to company). Plus if you had to claim, the Insurance company may take a 'premium' from you (say $ 100) which they would DEDUCT from the final payout.

The remaining value may not cover one item in your collection, yet alone the 'sentimental' value associated with your personal favorites.

So you will have to list all of the items individually and get an Insurance Valuation certificate as well. Because 'Sentimental' value does not apply, only the replacement costs, you will have to ensure your qualified gemologist / jeweler / valuer understands why you are having an appraisal done in the first place.

This can get expensive as professional appraisals typically cost a flat 'Take-in' price of around $ 20 plus a sliding scale fee of approximately one percent of the final value.

In an item is valued around $ 1000 dollars, that fee is $ 10 + $ 20 take-in or $ 30 total. This is just for ONE item. Valuation Appraisals can cost up to $ 60 dollars or more so if you have a small collection, you may need a small fortune just to keep up with current prices.

The BIGGER your collection – The BIGGER your cost!

But if you don't want a great outlay, you might just take advantage of the useful 'Do-it-Yourself' Online Jewelry Self Appraisal Kit at the Online Jewelry Appraisal Center at the address shown below, which is a great alternative.

This ONLINE database system calculates everything for you and prints out a descriptive Certificate and is hundreds of times more accurate and thorough than your local high street jewelers' scribbled letterhead.

At such a low fee it's money well spent. Indeed, if you just purchased something on eBay or Yahoo auctions, for example, you might wish to just confirm an …

How to Shield Your Personal Jewelry With Proper Insurance

If you own jewelry, you know it has worth. If you own jewelry that has sentimental value, you know it's worth cannot be named by price.

Regardless of the fact that the insurance companies may not be able to help you with the priceless part of jewelry's sentimental value, it can assist you by compensating you for its market value.

The initial concern about this for every homeowner, renter or condo owner is if the related insurance policy that they have purchased will shield them from the financial loss associated with jewelry losses.

The Summary of Jewelry Protection in a Homeowners, Renters and Condo Policy

Whether you own a home, condo or rent your residence, you can rest assured that any standard policy covers your personal items, including jewelry. The question is, how much?

Coverage depends on the limits related to your policy. In addition, your rings, bracelets, necklaces, brooches, etc., will not be covered if they are damaged by everyday use or by something such as a stone lost by falling out of its ring setting.

Naturally, though, educating yourself about the various discrepancies in related policies is in your best interest as a jewelry owner. While there are various insurance plans that cover individual pieces of jewelry per an amount, there are those that cover your pieces as a whole, per a certain amount.

It's best to sit down with an insurance professional to help you review your coverage and determine if you have adequate protection.

What Value Does Your Personal Jewelry Have?

If you do not know if you have enough insurance to cover a jewelry loss, it's time to assess your collection. Due to the fact that jewelry's value can go up as time goes on, it is strongly recommended to get your jewels appraised professionally at least once every three years. Keep all jewelry sales slips as well as documentation of your professional appraisals to show to your insurance agent. This will help you work together in determining if you need any extra related coverage.

Read the following example about Sandra in order to comprehend the discussed insurance aspects.

Sandra's diamond earring set was appraised at a value of $ 2,000. Her diamond engagement ring was appraised at a value of $ 7,500. The problem is she only has related coverage for a $ 3,000 loss. If you do the math, Sandra could be in for a $ 6,500 monetary loss if both her earrings and ring are stolen at one time.

But thankfully, there's a solution for the predicament.

Sandra can easily have the insurance gap filled if she insures her high value earrings and ring separately within her homeowners policy. Referred to as scheduled insurance or a rider as an add-on to her policy, it enables the insurance company to know how much each individual piece is valued at. With the documented worth, Sandra will be reimbursed for the full value, should there be a loss. In general, the added schedule or rider …