• Vehicle Insurance

    How to read an auto insurance policy

    Knowing how to read and understand your auto insurance policy can help you determine if you are insured properly. To do this, it helps to first understand what the elements of a car insurance policy are and how they relate to your required or preferred level of financial protection. In all states except for New Hampshire, vehicle owners are required by law to carry a certain amount of insurance coverage to register and drive a car. Although car insurance is required, have the coverages, limits, features and exclusions been explained to you before? If not, you may find that  

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  • Insurance

    Home Insurance: All about Bharat Griha Rakshak policy

    Experts say such a policy can help in increasing the penetration of home insurance which is very low in the country. Frequent cyclones and floods in different parts of the country leaving behind damaged buildings have underlined the importance of a home insurance policy. After the insurance regulator’s guidelines, general insurance companies have launched the standard home insurance—Bharat Griha Rakshak policy. The standard policy covers natural catastrophes, fire, any kind of impact damage, strike, riots, etc. Along with the home structure, it covers home contents such as furniture and white goods. The owner or a tenant of a building used  

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  • Health Insurance

    Health Insurance Policy Here ‘s What To Consider Before Buying A Health Policy Plan

    New Delhi: The importance of health insurance cannot be undermined in times such as these when people are struggling to meet medical expenses owing to hospitalisation and lack of facilities. In a recent study, the Indian Institute of Technology Madras stressed on the need for more investments in public healthcare to mitigate the impact of the pandemic on the elderly. “Only 18.9 per cent of the elderly had health insurance and therefore may not be able to bear large expenditures on health. 27.5 per cent of people aged 80 years or above are immobile and 70 per cent of elders  

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  • Health Insurance

    Health Insurance: Keep an eye on sub-limits in your policy

    While opting for a policy with sub-limits will lower the premium to be paid, it will lead to a lower claims payout and increase the out-of-pocket expenses of the policyholder. As people go about buying health insurance policies to ensure financial protection in case of a medical emergency due to Covid-19, they should look at the various sub-limits mentioned in the policy as these can curtail the coverage. While opting for a policy with sub-limits will lower the premium to be paid, it will lead to a lower claims payout and increase the out-of-pocket expenses of the policyholder. Health insurance  

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  • Vehicle Insurance

    Use NCB of old vehicle insurance policy to reduce new vehicle policy premium

    NCB is a benefit that accrues to the policyholder if no claims are made during a policy period. Hence, at the time of renewal, you get a discount on the premium (NCB benefit) which starts from 20{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} and increases up to a maximum of 50{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} over every claim-free period till 5 years. However, you must know that the premium discount can be claimed only on the own damage (OD) part of the comprehensive motor insurance policy. While renewing the policy, the NCB benefit is given to the motor insurance policy owner and not to the insured vehicle. The NCB is  

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  • Home Insurance

    Is tornado damage covered by my home insurance policy?

    Tornadoes can damage your home, resulting in devastating financial loss. Here’s what you need to know about your home insurance policy and tornado damage. (iStock) While homeowners insurance isn’t required by law, your mortgage lender will more than likely require you to be insured before financing your home. As a homeowner, you’ll want this ongoing financial protection and to have sufficient coverage in case of a natural disaster — such as a tornado.  Nearly three-quarters of homeowners say that the biggest threats facing their homes are weather-related. Since 2008, insured losses in the U.S. as a result of  

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  • Business News

    Pleasanton council to revisit policy on ‘active’ business uses in ground-floor units downtown | News

    The Pleasanton City Council is set take a look at an existing policy in the Downtown Specific Plan (DSP) meant to “enliven” the downtown core with more shoppers and pedestrians, and consider potential changes to allow some more “non-active” use on the ground floor of retail and commercial spaces at its regular meeting on Tuesday, starting 7 p.m. Though stemming from a specific item that came to the city recently, staff said the presentation “provides an opportunity for discussion of all aspects of the active ground floor use policy.” Last updated in 2019, the DSP’s “active ground floor use overlay”  

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  • Insurance

    Property insurance companies drop 50,000 Florida policy holders ahead of hurricane season

    ORLANDO, Fla. – With hurricane season weeks away, three property insurance companies are dropping more than 50,000 homeowner policies in Florida and some of the policy holders have yet to be notified. It’s the latest twist in Florida’s on-going property insurance problem. Angela Holland said she got a notice in the mail saying her insurer was not renewing her policy. “I haven’t filed a claim on insurance in 25 years,” she said. “When I got the letter, I had just came home from COVID, being in the hospital, and I had to deal with trying to find insurance.” Holland is  

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