Why home insurance may not be for you

February 23, 2010 – 9:55 pm

A large number of homeowners need something more individual than a standard policy. Graeme Trudgill, technical executive at the British Insurance Brokers’ Association, says: ‘Up to a quarter of householders have insurance requirements beyond the average. When you analyse big events, such as floods, you find that about one in four claimants do not have enough insurance for the possessions in their home, or they have gaps in their cover.’

Being willing to pay a little extra for insurance with more generous policy limits or wider coverage can save thousands of pounds and a lot of heartache when making a claim.

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Cheap Health Insurance Quotes

February 21, 2010 – 3:27 pm

For most people, health insurance is a necessity. It may be because of a pre-existing condition or just for the peace of mind in case something unexpected should happen. While many employers provide health insurance to their employees, there may come a day when you need to get your own insurance or a supplement to an already existing policy. Looking online will help you find cheap health insurance quotes you may require.

Cheap health insurance quotes do not mean it is sub-par coverage. It means it is being offered at a lower cost to the consumer compared to other policies of the same type.

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ING Life partners with Hero Honda FIH World Cup 2010 as major sponsor

February 20, 2010 – 10:07 pm

– ING Life India, part of the ING Group, today announced that it has partnered as a major sponsor for the upcoming Hero Honda FIH World Cup, 2010, which is starting in Delhi from 28th February. The event is being organized by FIH and the Indian Olympic Association.

The company flagged off a programme called, ‘Pass the Josh’, an on ground activity to promote the event across North India, and garner more and more support from the people. This activity will cover more than 3000 km, traveling across Delhi, UP, Punjab, Haryana and Rajasthan in more than 40 cities and towns, and give people an opportunity to win free tickets. Read more…

Revealed: UK’s uninsured driver hotspots

February 20, 2010 – 9:36 am

Listed below are the ten areas with the highest proportion of uninsured driver convictions.

With uninsured driver accidents becoming an increasingly big problem for both motorists and insurers, price comparison website Moneysupermarket.com analysed almost 3 million car insurance quotes over a year and identified the places with the highest convictions.

It said that the Scottish town, Sanquhar, in Dumfriesshire tops the list, with male motorists between the age 22-25 the main culprits. Amazingly, almost 30% of searches for insurance there showed up a conviction.

Hebden Bridge, in West Yorkshire, and Glasgow were placed second and third in the list.

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Saving on Homeowners Insurance

February 19, 2010 – 11:11 am

Your home is your most important asset. It provides shelter for you and your family. It is filled with memories and objects that you have gathered over the years. That’s why it is important to make sure your home is properly insured. You want to protect your most important asset in case of fire, accidents, storms, theft or property damage. A good insurance policy will provide this protection.

One reason it may not have adequate coverage is the recent economic crisis, which is understandable. But what does not make sense is what will happen if a disaster does destroy your home. T

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Why America wasn’t ready for Obamacare

February 17, 2010 – 8:16 pm

Healthcare reform was the major piece of legislation that President Obama tried to pass in the first year of his administration.  Obama campaigned for president on the promise that he would reform healthcare in America, and the American public agreed with him, that they wanted the healthcare system reformed.  Opinion polls taken in the fall of 2008 indicated that over 60% of the public was in favor of healthcare reform, yet by the autumn of 2009 over 60% of those polled were against the healthcare reform bills before congress.  What happened to foster this large swing in public opinion in less than one year?

The huge drop in public support for healthcare reform can be attributed to a combination of factors, both substantive and political.

The fact that the bill was over 2000 pages long caused many people to fear the worse in the bill.  When it became clear that few, if any, in congress actually knew what provisions were in the bill, but were going to vote for it anyway, many Americans became concerned.

As the public discovered what was actually written into the bill, the opinion of the voting public against the bill grew steadily stronger.  Some of the major points in the bill that turned voters against it were:

  • Requirements for everyone to buy health insurance or pay a fine
  • Increase in taxes starting in 2010 but benefits not starting until 2013 or 2014
  • The fact that several provisions were probably unconstitutional

 

While Americans want something done about the ever increasing healthcare costs, this bill did not really address any of the factors causing healthcare costs to continually increase:

  • Regulations that require specific coverage in every healthcare policy
  • Defensive medical testing because of unlimited liability to lawsuits
  • No accountability in the entire healthcare system
  • Limited competition for insurance companies due to government regulations

 

The political process which was required to pass the bill was very appalling to anyone who was paying attention to the process. 

When the Unions and government employees were exempted from the tax on “Cadillac” healthcare plans, many voters smelled a rat.  When the people passing this bill were exempted from its provisions, the American public took notice.  When republicans were essentially locked out of any debates on the content of the bills and weren’t allowed to add amendments to the bill, the American voters voiced their opposition to the process.  The number of, and dollar amounts, of bribes doled out to obtain the required number of votes needed to pass the bill may have been the deciding factor that caused public opinion to drop below 50%.

This frustration came to a head in the special election for the Senate seat in Massachusetts.  The voters there elected a Republican candidate, in a predominately Democrat state, who clearly campaigned against the Healthcare reform bill.  Other politicians viewed the outcome of this election as a clear sign that the public did not support the healthcare reform bill, and concerned about their own re-election, withdrew their support for the bill. 

The American public rejected the Healthcare reform bill of 2009 for a combination of reasons:

The substance of the bill took too much control out of the individual’s hands.  Government intervention in insurance policy coverage requirements, doctor re-reimbursement, and testing procedures all felt too much like socialized for most Americans to handle. Increases in taxes and

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