When going to buy an insurance policy, of course, we want to get the best protection on the guarantee or calamity that might befall us later. But what happens when a calamity befalls us, while we file claims rejected by insurers. Not a bit of insurance customers who experienced the events above.
Therefore, here are some tips that we introduce later claim not denied by insurers:
1. At the time of the prospective insurance customers want to fill out an insurance application form, should fill the data honestly, must not fill. Because no matter how small the data that we provide, a big influence on our future claims submission.
2. At the time of the prospective insurance customers want to fill out the registration form, each sentence should be contained in the application form read carefully and understood exactly the point. If there are less obvious intent of the sentence, clearly ask the agent / insurer, so that prospective customers understand correctly and not feel disadvantaged if the later claim is not paid.
3. At the time of the prospective customers want to purchase a policy, it should be understood very well what are the requirements needed when filing a claim, such as how long a time limit / expiration of the current catastrophe claims occur. Because the insurance policy has a time limit / expiration, so that when the claim is made but the prevailing policy has been exhausted, the insured is no longer covered by insurance. These factors will determine whether our claim will be denied or paid.
4. When prospective insurance customers insurance policy offered by the agent / insurer, should be asked very clearly before moving to the next stage. Because usually, people will always try to convince offered with sweet words, so that people who want to buy what is offered is offered. So prospective insurance customers will be satisfied and not feel disadvantaged if later what he received not in accordance with what has been submitted by the agent / insurer.
Hopefully with the tips above, it will be no insurance policy owners who rejected his claim submission. May be useful.
Friday, September 26, 2014
Wednesday, September 24, 2014
Pet Insurance
Life insurance, fire, or accident may have been the familiar. But what about the animal insurance? There may be some who have never heard or even already have an insurance policy for the animal.
It turns out that in developed countries such as the UK or the USA, where many people are willing to pay to care for his pet. It is proved that the cost of pet care in the United States for example, has increased from year to year. Therefore, in developed countries such as Britain or the United States, pet insurance is very popular.
For animal lovers, pet health, including maintaining a very important thing. Although the cost of maintenance and care of animals is not exactly cheap, but they are ignored, as long as the pet is essential to a healthy back.
When the sick animal, the owner would have felt very sad. Eating is not passionate, restless sleep and lazy to do various activities with grief to see his favorite animals sick. Moreover, if the beloved pet dies.
Maybe we've heard that in the developed countries are often seen many animals that roam the sidewalks or in the halls of the slum. This could happen because the owner of the animal is intentionally throw or abandoning their pets when the animals are sick or old, because it could be the owner of the animal is no longer able to provide the cost of care for these animals. Because of possible animal care costs are more expensive than the cost of human care. .
Well, insurance is present in addition to animal rescue pets abandoned by their owners before, also gave an assurance to the owner that the animal will no longer have to worry about the high cost of care their pets, because there is an insurer that is ready to provide services and risk if at any time things happen that unwanted pet owner.
Hopefully with this pet insurance, there is no more animals abandoned by their owners again. And hopefully, the owner of the animals love their pets.
It turns out that in developed countries such as the UK or the USA, where many people are willing to pay to care for his pet. It is proved that the cost of pet care in the United States for example, has increased from year to year. Therefore, in developed countries such as Britain or the United States, pet insurance is very popular.
For animal lovers, pet health, including maintaining a very important thing. Although the cost of maintenance and care of animals is not exactly cheap, but they are ignored, as long as the pet is essential to a healthy back.
When the sick animal, the owner would have felt very sad. Eating is not passionate, restless sleep and lazy to do various activities with grief to see his favorite animals sick. Moreover, if the beloved pet dies.
Maybe we've heard that in the developed countries are often seen many animals that roam the sidewalks or in the halls of the slum. This could happen because the owner of the animal is intentionally throw or abandoning their pets when the animals are sick or old, because it could be the owner of the animal is no longer able to provide the cost of care for these animals. Because of possible animal care costs are more expensive than the cost of human care. .
Well, insurance is present in addition to animal rescue pets abandoned by their owners before, also gave an assurance to the owner that the animal will no longer have to worry about the high cost of care their pets, because there is an insurer that is ready to provide services and risk if at any time things happen that unwanted pet owner.
Hopefully with this pet insurance, there is no more animals abandoned by their owners again. And hopefully, the owner of the animals love their pets.
Sunday, September 21, 2014
Reinsurance
In the insurance world, we must recognize the term reinsurance, but may not know / understand in detail what is meant by reinsurance.
Reinsurance is a very important part of the insurance. Like a human body organs, the heart of the Reinsurance is insurance. Reinsurance arises because of the insurance itself, in other words there will be no reinsurance that insurance itself does not exist.
Thus the importance of the role of reinsurance, so that if an insurance company does not run reinsurance, it stands to reason that the insurance company will not be able to sustain its business and will eventually bankrupt / insolvent..
In the insurance industry, particularly in the case of closure of an insurance policy, is a very major principle that risks that need to be closed / should be shared, so that the risk would not burden yourself beyond limits.
The principle is known as the "Principle of Spread Risk". With the spread of these risks, meant the closure of a portion of the risk that it will be borne alone, while insurers will bear most of the risk of the other.
To spread the risk, there are 2 ways, namely : CO-INSURANCE and RE-INSURANCE.
- Co-insurance is a joint insurance.
- Re-insurance is insurance back.
From the description above, it is clear that it is doing Reinsurance is insurance companies, which in function is an institution insurer risk (Risk Bearing Institution) first or agency that originally closed the reinsured risks.
In the insurance world, there are two risks to get the insurance coverage, which is a big risk and low risk.
For large risks, clearly require reinsurance, because the magnitude of this risk exceeds the limits of the ability of an insurance company. Examples of Reinsurance with great risk, for example: building high-rise office building, Textile Mill, Paper Mill, Marine, Aircraft, and so on.
However, for a small risk is not so necessary for the reinsured, as it is still below the limit of the ability of an insurance company. Such as residence / home, which according to the assessment of insurance, residence / house value is still below the limit of the ability of insurance companies, so no need for the reinsured. With the exception of a small risk that this amounts to a lot, and in the judgment of the insurer would exceed the limits, then it needs to be reinsured.
In addition to large and small risks, there is also the type of risk that is not harmful (Non-Hazardous) and hazardous (Hazardous). Risk types are not dangerous, do not need to reinsured, while dangerous to risk, then it needs to be reinsured.
In the insurance industry, any closure risks / any risks that occur outside the limits of an insurance company and the insurance company is not able to bear it alone, it is necessary reinsurance.
And in every implementation of Reinsurance, will inevitably involve two parties, ie parties that offer reinsurance called "ceding Company" and the party receiving the reinsurance is called "reinsurer" or also known as reinsurers.
Reinsurance is a very important part of the insurance. Like a human body organs, the heart of the Reinsurance is insurance. Reinsurance arises because of the insurance itself, in other words there will be no reinsurance that insurance itself does not exist.
Thus the importance of the role of reinsurance, so that if an insurance company does not run reinsurance, it stands to reason that the insurance company will not be able to sustain its business and will eventually bankrupt / insolvent..
In the insurance industry, particularly in the case of closure of an insurance policy, is a very major principle that risks that need to be closed / should be shared, so that the risk would not burden yourself beyond limits.
The principle is known as the "Principle of Spread Risk". With the spread of these risks, meant the closure of a portion of the risk that it will be borne alone, while insurers will bear most of the risk of the other.
To spread the risk, there are 2 ways, namely : CO-INSURANCE and RE-INSURANCE.
- Co-insurance is a joint insurance.
- Re-insurance is insurance back.
From the description above, it is clear that it is doing Reinsurance is insurance companies, which in function is an institution insurer risk (Risk Bearing Institution) first or agency that originally closed the reinsured risks.
In the insurance world, there are two risks to get the insurance coverage, which is a big risk and low risk.
For large risks, clearly require reinsurance, because the magnitude of this risk exceeds the limits of the ability of an insurance company. Examples of Reinsurance with great risk, for example: building high-rise office building, Textile Mill, Paper Mill, Marine, Aircraft, and so on.
However, for a small risk is not so necessary for the reinsured, as it is still below the limit of the ability of an insurance company. Such as residence / home, which according to the assessment of insurance, residence / house value is still below the limit of the ability of insurance companies, so no need for the reinsured. With the exception of a small risk that this amounts to a lot, and in the judgment of the insurer would exceed the limits, then it needs to be reinsured.
In addition to large and small risks, there is also the type of risk that is not harmful (Non-Hazardous) and hazardous (Hazardous). Risk types are not dangerous, do not need to reinsured, while dangerous to risk, then it needs to be reinsured.
In the insurance industry, any closure risks / any risks that occur outside the limits of an insurance company and the insurance company is not able to bear it alone, it is necessary reinsurance.
And in every implementation of Reinsurance, will inevitably involve two parties, ie parties that offer reinsurance called "ceding Company" and the party receiving the reinsurance is called "reinsurer" or also known as reinsurers.
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