Automobile Liability Insurance For Your Financial Protection

January 29, 2010 – 11:17 pm

The state laws of every state in the USA require that you carry Car Liability Insurance on your vehicle. This coverage pays for damage that you cause to persons or property in an automobile accident when you are at fault. The laws regarding this insurance are determined by the individual states. This means that the requirement varies by state. In some states you will find that the state minimums are lower than in other states.

Liability insurance is required by law, but it also protects other assets that you own.

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How California Healthcare stacks up

January 28, 2010 – 5:25 am

Over the past decade many governmental entities and private organizations have tried to quantify the quality of healthcare in America.  The bottom line is that there is wide variance in the quality and cost of healthcare through the United States.  It is hoped that by tracking the results of the various studies that are being conducted around the country, that the quality of healthcare can be improved while the increase in the cost of care can be restrained.

The California Healthcare Foundation has sponsored a comparative study which compares the quality of California Healthcare to that in the rest of the Nation.  If the state of California were in school it would receive a ‘C’ for the performance of its healthcare system, compared to the rest of the nation. 

California outperforms the National average in:

  • Maternity and child healthcare
  • Hospital care of patients with heart problems and pneumonia
  • Cancer rates and cancer mortality rates

 

California underperforms the National average in:

  • Care for geriatric patients
  • Nursing home quality of care
  • Diabetes diagnosis and treatment

 

California has about average care in:

  • Hospital re-admission rates
  • Improvement in hospital treatment of Pneumonia and Heart disease
  • Home healthcare providers

 

In the years covered by the study (2001 – 2005), the average annual increase in healthcare costs was 6.5 %, while the increase in quality of healthcare grew only 1.4%.  This suggests that there is room for improvement in the cost effectiveness of healthcare throughout the Nation.

The most interesting result of the study is that California outperforms the National average in the care of the younger portion of the population.  California scored high in care of expectant mothers, infants, and children.  California performed well on measures related to pre-natal care, low birth weight, and low infant mortality rates.  California ranked high in birth-related traumas, immunization levels for children, and reduction in admission rates of certain pediatric conditions.

Treatment for cancer and heart related conditions are at the national level of care, or slightly above the national average.  Measures of standard of care in surgical treatment in hospitals and outpatient care are inline with the national averages.

At the other end of the population age scale the State under performed in most categories of geriatric care.  The number of seniors receiving vaccinations is below the national average. End of life care i

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How To Select A Car Insurance Company

January 27, 2010 – 1:48 am

There are many car insurance firms in the market, with each one declaring itself to be better and more affordable than the other. It is thus important to do some research and follow some basic principles before you buy car insurance.

The first thing to do is to decide how much insurance would be needed by you. If you are in a moderate risk group, it might be advisable to go for lesser insurance. Even though it may entail certain risks, it will be cheaper and there would hardly ever be situations where you will have to feel sorry for your decision.

It is also essential that you consider the kind of car insurance that suits your finances.

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How Do Insurance Companies Profit from Gap Insurance

January 26, 2010 – 2:06 am

Most people do not have the means to purchase a car in lump sum payment. Instead, they get a car loan so that they can pay on a staggered basis. Since they are driving a car that is not yet fully paid, they make sure to have it insured. Some choose to get gap insurance because of its advantages.

This type of insurance covers the amount of the market value of a car at the time it was bought less its depreciated value at the time of accident. If a one-month old car is suddenly wrecked totally due to collision, what happens to the car loan? The driver will still be required to complete payment on his loan.

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AUM of Birla Sun Life Insurance crosses Rs. 15,000 crore mark

January 25, 2010 – 4:56 pm

– Commenting on the occasion, Mr. Vikram Kotak, Chief Investment Officer, Birla Sun Life Insurance, said, “It gives us great pleasure to cross the new milestone of Rs. 15,000 crore of AUM, registering a strong y-o-y growth of over 90% as on January 2010. This growth is a reflection of the faith entrusted by our policyholders in us. This achievement is notable especially in a year of slow-paced growth on the back of global financial turmoil in fiscal 2009. During the year, we have further widened our fund offerings to meet various financial goals of policyholders with varying risk profiles. This has played an instrumental role in growing our AUM. Read more…

Does Your Insurance Cover Flood Damage?

January 22, 2010 – 10:57 pm

If you think your basic homeowners insurance policy will pay for damages in the event of a flood, you’re probably mistaken. Although standard home insurance policies do cover some water-related damage, they do not cover flood-related losses. For that kind of coverage, you need to purchase a freestanding flood insurance policy. In other words, unless you have flood insurance, you could be at risk for massive losses if a flood occurs. Despite the fact that floods are the most common natural disaster in the U.S., few homeowners carry the coverage they need.

Water vs. F

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