Most people find insurance annoying. People don't understand why it's the law to have insurance on things like their cars, house and businesses. That's because nothing bad has ever happened to them before. The problem with that train of thought is that something bad might happen to them eventually and insurance will be there to help them along the way. Having to deal with problems and expenses that you simply cannot afford at the time is never something to look forward to. Insurance will always be there to back you up and ensure that you won't have to pay the full amount to cover whatever mishap may have occurred.
Auto insurance is the most famous and somewhat annoying insurance out there. The thing about auto insurance is that it is also the most useful and probably most used insurance that people ever buy. People get into accidents all the way, whether it is just a small fender bender or a full on total crash. Accidents do happen, so insurance is there to not only protect you from the law, but to also protect you from having to pay a lot of money straight out of your pocket for something that you may or may not have had any control over. Auto insurance for you works if you get into an accident with someone else and the accident is found to be your fault. Your insurance will pay for the other car's damages while leaving you with a very little bill on your end.
Home insurance is another big one that people need. Although less frequently auto insurance, home insurance is used by a lot of people because accidents happen in the home as well. You cannot control nature, so if nature hits in the form of a fire or flood, you are basically out of luck unless you have insurance. Home insurance will protect you against things like floods and natural disasters and can even be as specific as helping to protect your home from things like break-ins and robbery.
Business insurance is used by all businesses and is extremely important unless you want to get sued for a lot of money. If you own a business, you must get business insurance so that if something happens to any of your employees, you will not need to directly deal with the situation.
Insurance is an important aspect of life, so make sure that you get insured for all of the things that need it in your life.
Friday, July 24, 2009
Thursday, July 23, 2009
Compare Auto Insurance Online Today
When you want to compare auto insurance quotes, there are a lot of ways you can approach your task. Many people may think that the first place that they should head is to their current car insurance agent. You'll actually come out ahead of the game if you go for someone who is completely unbiased.
Get online and do a search for insurance quotes. You'll come up with a ton of results; you are usually best served by checking out the top ten on the list. You could spend your time searching, flipping through the Yellow Pages, looking for local insurance agents, writing down their numbers, cross referencing which agent works for which company, but who has the time for that?
Certainly you don't want to spend your valuable time looking up phone numbers, then calling, leaving voice mails, waiting for return phone calls or sitting on hold. Even if you call the 1-800 customer service phone numbers of these major insurance providers, chances are, you'll sit on hold forever.
Your time is worth money, so don't waste a single cent. When you really want to get the very best auto insurance quotes, your best bet is to get online. Do a search on your favorite search engine and start clicking. Your best bet is to go with the top search results.
You can look at the different insurance policies, side by side. You can look at policy coverage and premiums, side by side and find out what works best for you.
When you want to get the very best auto insurance quotes, don't run around all over town trying to get information. Don't waste your time sitting on the phone, hoping you'll get to speak someone competent. Visit auto insurance websites and compare auto insurance policies, today.
Get online and do a search for insurance quotes. You'll come up with a ton of results; you are usually best served by checking out the top ten on the list. You could spend your time searching, flipping through the Yellow Pages, looking for local insurance agents, writing down their numbers, cross referencing which agent works for which company, but who has the time for that?
Certainly you don't want to spend your valuable time looking up phone numbers, then calling, leaving voice mails, waiting for return phone calls or sitting on hold. Even if you call the 1-800 customer service phone numbers of these major insurance providers, chances are, you'll sit on hold forever.
Your time is worth money, so don't waste a single cent. When you really want to get the very best auto insurance quotes, your best bet is to get online. Do a search on your favorite search engine and start clicking. Your best bet is to go with the top search results.
You can look at the different insurance policies, side by side. You can look at policy coverage and premiums, side by side and find out what works best for you.
When you want to get the very best auto insurance quotes, don't run around all over town trying to get information. Don't waste your time sitting on the phone, hoping you'll get to speak someone competent. Visit auto insurance websites and compare auto insurance policies, today.
What is Insurance
Insurance is the transfer of risk by an individual, such as yourself, or an organisation, such as your business, to the insurance company. You or your organisation will thus be known as the policy owner. The insurance company receives payment in the form of premium and will compensate you in the event of losses or damages sustained by you.
Takaful is a protection plan based on Shariah principles. By contributing a sum of money to a common takaful fund in the form of participative contribution (tabarru’), you undertake a contract (aqad) to become one of the participants by agreeing to mutually help each other, should any of the participants suffer a defined loss. Both insurance and takaful have similar basic principles. For instance, the insured, such as yourself, must have a legitimate financial interest in the risk you are insuring, meaning you must suffer a financial loss when the insured event occurs.You can also buy more than one policy or plan to protect a particular risk but in the event of loss or damage, you can only make one claim. The amount payable will then be contributed by the insurance companies involved. As such, you cannot profit from your general insurance policy or takaful plan. If you suffer a loss, you will be compensated accordingly and no more than that. You will be paid or ‘indemnified’ to the position you were in before the loss. However, if you wish to cover your life, you can buy more than one policy.Your insurance or takaful contract is a contract of utmost good faith (trust). Thus, you as the policy owner need to disclose all material information required. If any of the relevant material facts are not disclosed, the policy may be invalid and you will not be protected against any loss or damage.In addition, under the takaful plan, you can enjoy a share of the surplus from the takaful fund, based on a pre-agreed ratio if you have not made any claim during the year.
Takaful is a protection plan based on Shariah principles. By contributing a sum of money to a common takaful fund in the form of participative contribution (tabarru’), you undertake a contract (aqad) to become one of the participants by agreeing to mutually help each other, should any of the participants suffer a defined loss. Both insurance and takaful have similar basic principles. For instance, the insured, such as yourself, must have a legitimate financial interest in the risk you are insuring, meaning you must suffer a financial loss when the insured event occurs.You can also buy more than one policy or plan to protect a particular risk but in the event of loss or damage, you can only make one claim. The amount payable will then be contributed by the insurance companies involved. As such, you cannot profit from your general insurance policy or takaful plan. If you suffer a loss, you will be compensated accordingly and no more than that. You will be paid or ‘indemnified’ to the position you were in before the loss. However, if you wish to cover your life, you can buy more than one policy.Your insurance or takaful contract is a contract of utmost good faith (trust). Thus, you as the policy owner need to disclose all material information required. If any of the relevant material facts are not disclosed, the policy may be invalid and you will not be protected against any loss or damage.In addition, under the takaful plan, you can enjoy a share of the surplus from the takaful fund, based on a pre-agreed ratio if you have not made any claim during the year.
Tax relief for Insurance
A taxpayer can enjoy a tax relied of up to RM6,000 for his combined contribution to EPF and life insurance, and a total of RM3,000 for medical and child education policy.Life insuranceExamples of life insurance are whole life insurance and investment-linked insurance which give protection up to age 80, 90 or 100, endowment insurance which matures after certain year like 20 years, 25 years or at age 50, 55 or 60.Tax relief for an individual’s life insurance is very clear cut. You pay the premium and you enjoy the tax relief.But tax relief for life insurance bought by husband for wife, or wife for husband is quite confusing for many policy holders. If the husband is the payer, the insurance premium paid is qualified for tax relief under the husband’s name and vice verse.The insurance premium paid by the husband or wife is commonly termed as payer benefit rider, payer benefit rider or spouse benefit rider. In the situation where a husband doesn’t have any income, he can opt for combined assessment. In this case, whatever takaful or life insurance premium paid by the husband is considered paid by the wife. He is entitled for RM3, 000 of spouse relief.
Life Insurance
Buying life insurance for you and your loved ones helps provide some financial security in times of hardship. The money from your policy will be paid to your loved ones when you pass away or to you should you suffer a total and permanent disability or loss.WHY SHOULD I BUY LIFE INSURANCE?-To ensure that your immediate family has some financial support after your demise-To finance your children’s education-To have a savings plan for the future so that you have a constant source of income after retirement-To ensure that you have extra income when your earnings are reduced due to serious illness or accident
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