What is Covered Under a Package/Comprehensive Policy?

A comprehensive policy is an important part of your overall auto insurance package, and it is vital that you understand exactly what your comprehensive coverage will include before a disaster happens and you really need it.

While every policy can be unique to the holder, in general comprehensive policies cover the same type of perils, which are decidedly different from those perils covered by your liability insurance or your collision insurance.

Your collision coverage is essentially there to cover your vehicle damages and your personal injuries that may happen in an accident. Your collision coverage only applies in accidents, so the coverage is limited to those situations when you are actually on the road.

Your liability coverage is very similar to the collision coverage in many ways, however the main goal of this type of insurance is to take care of injuries and vehicle damages that you may inadvertently cause to others.

Even though your collision and liability coverage do take care of many situations with your vehicle, they don’t cover them all. This is where you need to have a comprehensive policy. Your comprehensive coverage is there to cover the non accident damages. For example, flooding, vandalism, theft, and damage from objects.

A good car insurance policy is a full coverage one that includes all three types of coverage: A liability policy, a collision policy, and a comprehensive coverage policy. While many people tend to overlook comprehensive coverage, it is certainly vitally important if you want to be protected from theft and other major non accident perils.

Don’t get caught without the comprehensive coverage you need! Our agents can create a policy that will cover everything you need in just minutes, so don’t hesitate to check out our live comparative quotes online!

How Can I Insure My Company Against The Cost Of Interruptions?

As a person at the helm of a company, you already know that business insurance is an essential part of protecting your company. However, you may be unfamiliar with exactly what your commercial insurance may cover. While every policy is different, most commercial insurance policies cover essentially the same basic things, and adding coverage for the cost of business interruptions will require a policy addition.

The basic business policy that most insurance providers offer will include coverage against two important types of issues: Property damage and commercial liability. Property damage coverage will protect against things like theft and environmental hazards that may damage your company building, while liability coverage protects you against legal actions from people who get injured while on your property.

There are several other types of perils that you can purchase insurance additions for, and cost of interruption service is one of those. Cost of interruption coverage will basically compensate you for any time that you lose from your business due to covered perils in your insurance policy. For example, if your business had to shut down for a week while renovations and repairs were being done following storm damage, your cost of interruption coverage would pay you back the amount that your company would have made during the down time.

Be sure to get the company coverage that you need by discussing business insurance with an experienced agent. We are happy to provide you with quotes from multiple major insurance providers and can make sure that you have the cost of interruption coverage you need. Visit our site here: Insure my Company!

Is terminal illness cover included on a Life Insurance plan?

When you are shopping for a life insurance policy in Rockville, MD, it may not occur to you to ask the agent what will happen if you become terminally ill. If such a fate should befall you, your life insurance could be a very valuable asset while you are still alive and battling your terminal illness.

It would probably be virtually impossible for you to find an insurance policy that would be willing to underwrite a new policy if you have been diagnosed with a terminal illness. With such a diagnosis, you will have a shortened life expectancy. By the slim chance that you could find an insurer willing to provide a policy, the premiums would be prohibitive based on the high risk of your death in the near future.

While there is always a possibility that your insurance company may question a claim, they do not make a distinction as long as the death is not under suspicious circumstances. For instance, if you are killed in a traffic accident or die in a hospital, it is likely that all you will need is a death certificate to collect on a claim. If you die two weeks after taking out a million dollar policy by falling overboard a cruise ship, there is a good chance that your insurance company may want to investigate the circumstances of your death.

What you should be more concerned with is the terms of the life insurance policy when you decide to buy life insurance. Many life insurance policies offer an advanced or accelerated death benefit in situations when the insured person is diagnosed as being terminal. In such cases, the clause or rider may allow you to withdraw some or all of your death benefit to pay for medical care or other costs that will help make your remaining days more comfortable.

No matter whether you linger on for 10 years or die tomorrow, as long as you are current on your premiums and your policy is in effect, life insurance covers terminally ill patients. If you choose to take an advanced death benefit, that will reduce or eliminate the amount of money that will go to your beneficiaries.

What are the different classes of vehicles which can be insured by a Insurance Company?

The type of vehicles covered by a particular insurance company depends on whether the company is targeted to the consumer market or the business market. A consumer insurance company focuses on standard passenger vehicles and motorcycles, while a business orientated insurance company covers a wider class of vehicles.

The class of vehicles for consumer markets covers your typical personal automobiles and motorcycles. In addition to this type of coverage, these insurance companies also cover recreational vehicles, motor homes, boats, and other non-standard vehicles. This coverage applies to the personal use of these vehicles only, so if a vehicle is used as a combination work and personal vehicle, commercial insurance is necessary.

The commercial class of vehicles has plenty of variety as well. Any vehicle used for a business has to be covered under commercial insurance or work related accidents may not get the coverage they should in a claim. Fleet vehicle insurance is held by the employer, not the employee. Large vehicles, such as tractor trailers, also get commercial insurance. Work trucks, rental cars, and even business related ATVs fall under this insurance umbrella.

One aspect of commercial insurance that differs from personal insurance is coverage for the income lost when the vehicle cannot be used for business purposes. If a big rig needs repairs or gets totaled during a delivery, this insurance pays for the lost income until a replacement or repair takes place. This insurance may mean the difference between keeping the lights on and shutting the business down, depending on how critical the vehicle is to the daily operation of the business.