Travel Insurance Tips Travel insurance can minimize the considerable financial risks of traveling: accidents, illness, missed flights, canceled tours, lost baggage, theft, terrorism, travel-company bankruptcies, emergency evacuation, and getting your body home if you die. Each traveler’s potential loss varies, depending on how much of your trip is prepaid, the refund ability of the air ticket you purchased, your state of health, the value of your luggage, where you’re traveling, the financial health of your tour company and airline, and what coverage you already have (through your medical insurance, homeowners or renters insurance, and/or credit card). Do I Need Travel Insurance? When considering an insurance plan, it’s good to know what it does and doesn’t cover. For some travelers, insurance is a good deal; for others, it’s not. What are the chances you’ll need it? How willing are you to take risks? How much is peace of mind worth to you? Take these considerations into account, ...
Showing posts with the label personal theft insurance
Broad Form Personal Theft Insurance
Broad Form Personal Theft Insurance Broad Form Personal Theft Insurance covers the theft or loss of personal assets. DEFINITION of Broad Form Personal Theft Insurance Broad frorm personal theft insurance covers the theft or loss of personal assets. It can be placed on all personal property, and is on an all-risk basis meaning no matter whether the loss is from vandalism, theft or loss, the same coverage will apply. A limited form of broad form insurance is more commonly known as personal theft insurance. BREAKING DOWN Broad Form Personal Theft Insurance There are limitations on the coverage of personal assets which are most often subject to theft such as jewelry, coins and securities, among others. Personal assets insurance is commonly included in homeowners and auto insurance, however, additional insurance may be purchased. How Personal Theft Insurance Works This type of coverage is standard on homeowners and renter policies. The limitations and exclusions built into standard ...
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Agricultural insurance Agricultural insurance (Insurance of agricultural products) is a type of insurance where the subject of the insurance contract are property rights, not contradicting the law, related to compensation of losses incurred by the Insured or another person designated by the Insured in the insurance contract while growing, harvesting agricultural crops and perennial plantations, growing (breeding), fattening (keeping) farm animals, poultry, rabbits, bee colonies and fur-bearing animals, growing, breeding, catching (harvesting) fish and other aquatic living resources, and other livestock products. This type of insurance provides for the Insurer's obligation to pay indemnity in accordance with the terms and conditions of the Insurance Contract by reimbursing the Insured or another person designated by the Insured in the Insurance Contract (the Beneficiary) for the loss incurred by the Insured in connection with the damage - death (loss) of crops (plantations), dea...
Property insurance (except for the cases provided for by paragraphs 5-9 of Article 6 of the Law of Ukraine "On Insurance") Property insurance (except for the cases provided for in paragraphs 5-9 of Article 6 of the Law of Ukraine "On Insurance") is a type of insurance where the subject of the insurance contract are property rights that do not contradict the law on ownership, use and disposal of property specified in the regulations and the insurance contract (except for rail, land, air, water (inland and other types of water transport), cargo and baggage, agricultural products). This type of insurance provides for the Insurer's obligation to pay indemnity in accordance with the insurance policy by reimbursing the Insured or another person designated by the Insured in the insurance policy (beneficiary) for the loss incurred by them in connection with damage, destruction (loss) or loss of the insured property for the fee (insurance premium, insurance payment, ...
Insurers and fraudsters - the confrontation continues
Insurers and fraudsters - the confrontation continues, the formats are changing How are strategies and tactics in the fight against insurance fraud changing? What threats and dangers await insurers and the insurance market in the "digital future"? These and other questions will be answered by Igor Fatyanov, Chairman of the Insurance Fraud Control Committee of the All-Union Insurance Association. How will insurance fraud and abuse of rights in automobile insurance change in connection with the development of information technology? Does digitalization work to the advantage of insurers or fraudsters? Are there examples of "high-tech" fraud that have been detected or prevented? Of course, fraudsters are mastering the digital space. The most common cases (which are now more or less dealt with) are fake websites issuing fake CMTPL policies and the use of Internet sales for fraud. I don't take cyber-risks yet, because they are not so often realized in Russia. On t...
Types of compulsory insurance In Ukraine, the following types of compulsory insurance are carried out: health insurance; personal insurance of medical and pharmaceutical employees (except for those working in institutions and organizations financed from the State Budget of Ukraine) in case of infection with the human immunodeficiency virus during the performance of their official duties; personal insurance of departmental employees (except for those working in institutions and organizations financed from the State Budget of Ukraine) and rural fire brigades and members of voluntary fire brigades (teams); insurance of sportsmen of higher categories; life and health insurance of specialists in veterinary medicine; personal insurance against accidents in transport; aviation insurance of civil aviation; liability insurance of the maritime carrier and the performer of work related to the servicing of maritime transport, in respect of compensation for losses incurr...
Investment Insurance Investment insurance is a type of insurance where the subject of the insurance contract are property interests, not in conflict with the law, related to investment activities of the insured or another person designated by the insured in the insurance contract. This type of insurance provides for the insurer's obligation to pay indemnification in accordance with the insurance policy by compensating the insured or another person designated by the insured in the insurance policy (the beneficiary) for the loss incurred in the course of investment activities as a result of the loss of investments or a part thereof, failure to receive investment income for reasons specified in the regulations and the insurance policy. Loan Insurance (Liability for Loan Default) Loan insurance (including borrower's liability for loan default) is a type of insurance where the subject of the insurance contract are property interests that do not contradict the law and are rela...